Chief Accountant
Obeikan Investment Group
Total years of experience :12 years, 10 Months
Obeikan Technical Fabrics (OTF), which is skilled in the production of Silicon, PTFE and PVS coated fabrics of up to five meters wide. OTF engaged early in producing and exporting technical fabrics for two broadly defined sectors, the first serves the signboards field and the second serves the tensile architectural structure field. Today, OTF is one of the leading manufacturers of coated fabrics with a monthly production capacity of over 2 million square meters exporting to more than 60 countries worldwide. Revenue 2 - 5 million Riyals.
Worked as Chief Accountant for the following Co.
1. Obeikan Technical Fabrics 2. Obeikan Yarn factory 3. Obeikan Tenstile Factory
Controlling and managing the recording of all financial transactions of the companies mentioned
above such as:
1. Accounts Payable
2. Accounts receivable
3. Inventory
4. Bank
5. Financial reporting
Preparing an analytical report “Group Daily sale report “on daily basis where different trends of the group sale data are highlighted in comparison with budget and previous year sale in terms of daily, weekly, monthly and yearly trends. Preparation of Weekly Graphic Report of sales trends of the companies in terms of daily, weekly accumulated, monthly accumulated and yearly accumulated figures.
Preparing and sending Financial monthly packs to all companies of the group and receiving the packs along with current month data and verifying the accuracy of the packs and assisting in preparation of consolidation of accounts.
Nature of business: Arabian Center Co. is a sister company of Fawaz Al Hokair Group.which is a diversified group of companies. Arabian Center Company is involved in Real Estate Business and is a parent of nine Companies. More than 12 Malls are under operation like Salaam Mall, Khurais Mall, Sahara Mall in Riyadh City; Daharan Mall, Ibn Khaldoon in Dammam City; Nakheel Mall in Qassem City.Aziz Mall and Hera Avenue in Jeddah City etc. and six Malls are under construction. One of them is Mall of Arabia in Jeddah - one of the biggest Malls of the Middle East.
Responsibilities
Approving and posting A/P Transactions in JD Edward Software and handling related matters of Payables.
Approving and posting A/R Transactions and handling related matters
Updating of rental status report of different Malls
Reporting of daily cash collection and Bank Current Position.
Bank reconciliations.
Inter company reconciliation etc.
Maintaining fixed Assets Schedules.
Prepaid and accrual adjustments.
Reviewing and updating of leasing contracts and suggesting recommendations.
Recording and posting of rental contracts data in the JD Edward software.
Preparing lease offers in the JD Edward system
Preparing lease follow up report etc.
I performed various accounting Jobs in the following projects:
Laban Zaman:-
Organization is engaged in the business of producing the dairy products throughout the KSA. Organization has its own extensive network of shops throughout the KSA. Where milk products are supplied for the sale.
Nuzha Project:-
Organization has Govt. contracts to provide the Luxury tents on the beaches for the tourists on rental basis. Further more organization has Villas to provide accommodation to the tourists and Electric Games in the Park.
Taif Project:-
Organization has taken the Land on lease in TAIF NATIONAL PARK. From the government and installed the Electric Games and also providing ready - made houses on rent to tourist.
Duties and Responsibilities:-
Supervising the bookkeeping
Maintaining inventory accounts
Preparing trial balance
Incorporating adjustments
Preparing profit and loss account
Maintaining Asset register
Cash Flow statements
Implementing management policies regarding accounts
General corresponding with the clients.
➢ Bachelor of Commerce and Business Administration.
➢ Completed four years CHARTERED ACCOUNTANTS Article-ship from 1997 to 2001 Highlights of experience during Chartered Accountants Article-ship are as follows; * Maintenance of books of accounts for national and multinational organizations. * Preparation of financial statements of different companies * Conduct audit of various Public / Private Sector Organizations. * Design financial system of different companies; and * Review of internal control system; identify weaknesses, recommending methods & procedure for development.