Chief Accountant
Yanbu United Co. for Trading and Industry (Yunitco)
Total des années d'expérience :16 years, 5 Mois
• Preparing Financial Statements according to IFRS monthly, quarterly and annually.
• Preparing variance analysis for P&L and Balance Sheet against previous years.
• Preparing monthly cash flow forecast & payment plan.
• Preparing benchmark analysis & average market analysis against the company’s performance.
• Preparing financial analysis ratios (Profitability, Leverage, Efficiency, Liquidity ratios).
• Participate in the development of the financial/ accounting policies, and procedures.
• Facilitate month-end closing process and completion of balance sheet reconciliation.
• Review the final input into the general ledger from the various sources.
• Review all accounts payable (AP) & accounts receivable (AR) transactions.
• Review all cash and bank transactions and bank reconciliations.
• Review, investigate, and correct errors and inconsistencies in financial entries, documents, and reports.
• Tax Filing.
• Assets control, tracking & assuring depreciation is posted monthly.
• Budget control, budget modification and expenses approval according to budget.
• Preparing variance analysis (Actual Cost vs. Budget).
• Preparing OPEX report and other customized reports.
• Supervise and allocate the work of the Accounting Department to ensure that all tasks are completed within prescribed timescales.
• Utilize teamwork to develop departmental synergy.
• Arranging, coordinating, and supporting the External Audit office for the year-end audit and reporting.
• Review of all GL transactions, coordinate and manage the month-end closing process, and reconciliation of general ledger accounts.
• Review journal entries for Expenses & Revenues are posted on a timely basis.
• Report, analyze, and ensure the integrity and reliability of all financial information.
• Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
• Review all accounts payable (AP) & accounts receivable (AR) transactions.
• Budget control, budget modification of CAPEX, and expenses approval according to budget.
• Assets control, tracking & assuring depreciation is posted on a monthly basis.
• Preparation of financial statements according to IFRS monthly, quarterly & annually.
• Preparing monthly cash flow forecast & payment plan.
• Arranging and coordinating with the External Audit office for the year-end audit and reporting.
• Preparing quarterly PowerPoint presentations for company financial Performance, KPIs, and Profitability analysis.
• Preparing monthly sales analysis per product.
• Preparing variance analysis (Actual Cost VS Budget).
• Preparing variance analysis for P&L and Balance Sheet against previous years.
• Preparing benchmark analysis & average market analysis against the company’s performance.
• Preparing financial analysis ratios (Profitability, Leverage, Efficiency, Liquidity ratios)
• Preparing OPEX report and other customized reports.
• Utilize teamwork to develop departmental synergy.
• Managing and monitoring staff and providing training and guidance to ensure that financial department goals and objectives are achieved.
• Managing financial transactions and reporting for USAID, UNICEF, UN, UNESCO, European Commission & other International and local Grants.
• Review Grants& Awards budgets and their agreements.
• Monitoring of Grants Budgets against expenses.
• Generating Grants Financial Reports and observing benchmarks.
• Preparing Donner Reports.
• Provide risk informed solution-focused analysis.
• Ensuring expenditures are allowable, allocable, and reasonable and are in compliance with the granting agency’s regulations.
• Provide advice on adjusting budgets and expenses allocation on budget items.
• Provide technical assistance to increase capacity in terms of fund allocations and grants management.
• Liaise with counterparts internally and externally to collaborate, support analysis and reporting for planned activities.
• Investigate and identify issues that may arise and take corrective actions to ensure timely and smooth implementation, fund utilization, and accurate reporting.
• Monitoring Budgets and work plans based on donner approvals and approved allocations and overseeing implementations using data reflected in SAP/ Vision and other resources' financial transparency.
• Collaborate with programs managers.
• Accounts payable review, tracking, and following up of invoices and posting in the system.
• Accounts Receivable tracking, following up on invoices, and posting collections in the system.
• Review and audit of documentations and taking the required approvals.
• Accounts Receivable tracking and following up on invoices, their collection, and posting in the system.
• Accounts Payable Tracking and following up invoices and attached documents and processing payments.
• Processing accounting transactions and postings.
• Processing Bank transactions and reconciliations.
• Maintain accruals, prepayments, and other GL transitions.
• Preparing financial statements.
• Preparing cash flow and cash flow forecast.
• Preparing Operating expenses report.
Review of daily accounting transactions.
• Review of payment vouchers and cheque issuance.
• Review of all Accounts payable & Accounts Receivable transactions.
• Following the Accounts receivable transactions and its collections.
• Review of petty cash reimbursement and its transactions.
• Review of bank transactions and reconciliations.
• Maintain Bank Correspondences and relationships.
• Preparation of Progress reports for projects & OPEX report.
• Preparation of profit and loss statements for each project.
• Preparation of Cash flow weekly and monthly.
• Preparation of cash flow forecast and payment plans.
• Prepare monthly analysis of the cost of goods sold.
• Maintain accruals & prepayments.
• Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
• Coordinate and manage the month-end closing process and reconciliation of general ledger accounts.
• Arranging and coordinating with External Auditors.
• Report, analyze, and ensure the integrity of all financial information.
• Utilize teamwork to develop departmental synergy.
• Managing and monitoring staff and providing training and guidance to ensure achieving financial department goals and objectives.
Review and audit of different company projects and check progress status.
• Review of daily financial transactions.
• Review of petty cash transactions and reimbursement.
• Review and check of invoices and payments.
• Review and check of clients’ accounts and collections.
• Assuring proper safeguarding of assets.
• Identify operational opportunities for cost savings and prepare of cost reduction plan.
• Preparing of profit and loss Analysis for each project and observations.
• Analyses and evaluations of internal controls.
• Reporting the audit observations and recommendations to enhance the overall progress.
• Review compliance with the company's rules and procedures and properly assuring its implementation.
• Assuring proper safeguarding of assets.
• Evaluate the accuracy, effectiveness, and efficiency of operations.
• Conduct audits across finance, procurement operations, and supply chain.
• Review and audit of all accounting transactions.
• Preparation of adjusting entries and closings.
• Monitor and review all daily transactions.
• Reconcile and follow Trail balance transactions and balances.
• Audit of HR policies and practices. Audit and check salaries report and final settlements and payments.
• Bank reconciliations and review weekly reports.
• Arranging and coordinating with the External Audit office.
• Review of contracts with sub-contractors& suppliers.
• Audit and analyze of accounts receivable. Review all accounts of clients and their collections and settlements.
• Audit and analyze of accounts payable. Review and check invoices and payments. Review and check cheque issuance.
• Identify operational opportunities for cost savings and revenue enhancements.
• Preparation of Financial statements according to IFRS.
• Analyses and evaluations of internal controls, current business flows, policies, and procedures.
• Reporting audit observations, recommendations, and suggestions to top management.
• Review compliance with the company's rules and procedures and properly assuring its implementation.
• Evaluate the department's performance according to their tasks and upcoming targets.
• Evaluate the accuracy, effectiveness, and efficiency of the project's plans.
• Assuring proper safeguarding of assets.
• Monitoring Safety procedures and documentations.
• Review of contracts with sub-contractors& suppliers.
• Review of bidding and new contracts.
• Audit and analyze of accounts receivable.
• Audit and analyze of accounts payable.
• Analyze budget variances and their reasons.
• Identify operational opportunities for cost savings and revenue enhancements.
• Reporting audit observations, recommendations, and suggestions to top management.
• Accounts Receivable tracking and following up on updated certificates from projects managers and consultants and their collections. Preparing reports about the situation of all projects’ receivables.
• Working on the percentage of completion of projects, and its cost and revenue.
• Accounts Payable Tracking and following up invoices and certificates from projects management and document control.
• Preparing financial statements quarterly (B/S, Income statement, Equity Statement).
• Reconcile bank accounts and prepare bank reconciliation statements. Preparing reports about bank accounts situation for all the projects
• Fixed assets tracking and processing of depreciation.
• Preparing Cash Flow for all projects according to budgets and contracts.
• Preparing all GL entries.
• Preparing Payment vouchers, purchase vouchers, sales vouchers& journal Vouchers.
• Preparing all kinds of entries, manual bookkeeping, and posting entries.
• Calculating WTH tax and salaries tax.
• All banking formalities & transactions including preparing letters of guarantee, letters of credit, account transfers, deposits, certified checks, and bank reconciliation statements.
• Preparing payment settlements.
• Preparing reports, dealing lists about internal sub-contractors, vendors, and customers, and preparing reports about work in progress and work done.
• Auditing of invoices.
Bachelor of commerce, English Division, Accounting Department
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