Senior Accounting Manager
Al Marai Co.
Total years of experience :20 years, 2 Months
Accounting Software used: SAP
FINANCE/ACCOUNTING:
Ensures complete recording and summarizing of all accounting information.
Ensures that the company’s payroll is prepared on time and paid regularly.
Supervise preparation of Monthly Financial Statements
Monthly Reporting of Financial Statement
Preparation of annual budget
Review of weekly operational forecast/Flash Report.
Preparation of Rolling Profit & Loss Statement.
Update and report regularly KPI and Financial Highlights.
Coordinating with Auditors (Internal & External)
Ensures Fixed Assets were covered with applicable insurance.
Perform project analysis and costing of construction in progress.
Accounting & Review fixed assets.
INVENTORY MANAGEMENT
Ensures availability of stocks in central warehouse at the most economical level, this is to sustain end users operation while maintaining working capital at the lowest possible amount.
Regularly reviews maximum and minimum quantity rate of critical and fast moving stocks and recommend changes if necessary to cater end user needs.
Review frequent Local Purchases and recommend the inclusion in stocks to reduce purchase costs.
Reports monthly status and valuation of stocks to Head Office.
Review proper charging of stock issuances through SAP.
Supervise & check quarterly stock counts to ensure the physical counting is done properly and accurately.
HR/ADMINISTRATION:
Supervises HR officer and Data processing clerk to ensure that employees’ files for 1, 009 employees were up to date.
Ensures proper monitoring of employees vacations, day off and absences.
Other administrative functions for employees.
OTHERS:
Designs template to monitor Transport performance in terms of trucks utilization and drivers efficiency.
Designs Accounting and HR forms applicable in jobsite.
Accounting Software used: Focus/JDEdwards
• Over all in charge Of Jeddah and Dammam Finance Dept. and Inventory Management Dept.
• Reporting to the Director for Industrial Minerals for financial matters.
• Supervise/Manage accounting activities of down the line staff.
• Provides leadership, direction and control over all activities of the Finance/Accounting Office
• Ensures that Company cash is properly safeguarded and assets are accounted for.
• Ensures accurate recording and summarizing of all accounting information.
• Ensures that the company’s payroll is prepared on time and paid regularly.
• Supervise preparation of Monthly Financial Statements
• Monthly Reporting of Financial Statement
• Preparation of financial analysis to aid management's economic decisions.
• Preparation/Revision of annual budget
• Preparation of short term financial forecast.
• Coordinating with Auditors (Internal & External)
• Liaising with insurance companies and banks
• Supervises opening of Letter of Credits and Bank Guarantees
• Establishing Financial procedures and policies
• Establishing internal controls
• Design of forms and reports
Accounting Software used: Focus/JDEdwards
• Officer-In charge of Dammam Finance Department
• Supervision/Managing accounting activities of down the line staff
• Preparation of Financial Statements
• Monthly Reporting of Financial Statements
• Preparation of Trial Balance, Profit and Loss Account, and balance sheet
• Preparation of Cost of Production Statement
• Preparation of fund flow statement
• Preparation of Budget and Projections
• Preparation of Consolidated Financial Statements
• Preparation and submission of different reports as per Management requirements
• Review and finalization of financial records
• Review of Bank reconciliation statements
• Review of Reconciliation Statements of Suppliers and Inter-Company Accounts
• Supervise/Review various Journal entries
• Review/supervise payroll preparation
• Review of Fix Assets Register
Accounting Software used: Oracle
• Reporting to the Financial Comptroller
• Prepare various financial schedules such as:
a. Income statement
b. Cash flow statement
c. Cost per ounce
d. Profit-Volume Analysis
e. Analysis of account in the income statement
f. Cost of production
• Supervises preparation of Journal Voucher.
• Supervises preparation of bank reconciliation statements.
• Supervises documentation of claim for Vat refund.
• Records various transactions using Oracle Financial Module (sales. Inward remittances, export advances and fund transfers)
• Record transactions involving receipts and issuance of aircraft spare parts using the Oracle Inventory Module.
• Handles various statutory requirements such as electronic filing of quarterly income tax returns, excise tax returns and Vat returns.
• Supervises preparation of department budget.
• Prepares financial projections for new projects and for loan application purposes.
• Consolidates company’s annual budget.
• Responsible for various marketing functions:
a. Communicates with buyers.
b. Analyzes and prepares comparative report of smelter terms of prospective buyers.
c. Prepare invoice
d. Perform exchange assays and prepare settlement sheets.
e. Prepares analysis of individual shipments.
As Budget Analyst - Mankayan Field Office
Assist in the preparation of reports: Executive Report, Cost Report, Summary of Cost Report, Depreciable assets analysis and others as required.
Assist the Budget Officer in analyzing, interpreting and explaining variances between approved budget and actual results of operation.
Monitors workshop job orders and all capital expenditures to safeguard any deviations from our budget objectives.
Assists the Budget Officer in coordinating and publishing guidelines, forms and basic assumptions for preparation of LMD Budget.
Assists the Budget Officer in consolidating the Lepanto Mine Division’s Budgets.
Helps in the process of making changes/adjustments/revisions to the budget during the year.
Provides assistance to budget units and makes sure that all information is properly communicated between inter-related operating units.
Assist in the preparation of LMD 5 Yrs. Plan (financial)
Reviews the Accounting System and suggests areas of improvement.
Documents the Accounting System for the purpose of establishing an Accounting Policies and Procedures Manual.
Performs analysis of raw financial information data as required by Management.
Provides assistance to the Cost Reduction and Profit Improvement Team.
Occasionally involved in the processing and generation of monthly actual cost.
In-charge of the budget office in the absence of Budget Officer.
Performs other related functions assigned by superior.