Accounting Manager
Confidential Company
Total years of experience :11 years, 9 Months
Responsibilities:
• Spearheading all accounting (AR, AP, MIS, Budgeting & Strategy development) and Financial Reporting.
• Ensuring all the Revenue, Expenses, accruals and adjustments are accounted properly, execution of accounting reconciliation before closing the books for the month.
• Preparing Monthly & Quarterly Balance sheet, Income Statement and Cash flow statements.
• Reviewing VAT and Withholding Tax (WHT) process as per authority's guidelines and payments to be made to ZATCA on time to avoid penalties.
• Preparing Actual and Forecasted Monthly, Quarterly, Yearly Cash Flow statement with a view to monitor inflow and out flow of funds, ensuring optimum utilization of available funds to accomplish financial goals.
• Preparing annual budget for the company and each department. Preparing 3-years Business plans in line with company's overall goals (Balance Sheet, Income Statement and Cash flow Statement).
• Preparing monthly Performance reports, Actual vs. Budgets, quarterly management reports and other regulatory reports. Monitor & Analyze the Revenue, Operation Cost, and G&A Expenses against budget.
• Track and control all capital and operational expenditure within approved budget.
• Preparing audited financial Report & Liaising with External Auditor to conclude financial audit on time and issue signed Audited Financial Statement for management approval and filing.
• Ensuring that the Tax Consultant do the filing of signed Financial Statement to Authorities before the due date and payment of Income Tax (foreign Investor/Owner) and Zakat (local Partner) prior to the timeline set by ZATCA.
• Oversees recruitment of staf, consultants, other temporary staf, interviews, and employees work profile, location & relocation and work assignment to new & old staf.
• Ensuring to efectively maintain staf personnel files (EOSB, leave details, Payroll details), health benefits, medical insurance, residency permit and other employee related work & files.
• Ensuring to efectively update the staf contract on Quwa website, GOSI website, and Mudad (for employees payroll process) and applies KSA relevant Labour Law to Companies HR policies
• Maintain basic administrative systems or the Fund, including information resources, general filing, electronic filing, personnel records, Company licenses (CR, SAGIA, AOA), contracts and leases, subscriptions, insurance, etc.
Accomplishments:
• Successfully updated 40 employees contracts of Saudi Nationals & Expatriates on Quwa, GOSI and Mudad
• Efectively organized admin department by having proper filling company & staf related of documents e.g. Company documents (CR, SAGIA, AOA etc.), staf contracts, Health insurance, Iqama and other related documents etc.
Responsibilities:
• Pivotal role in collections of over $70 Million across the Gulf Countries Saudi Arabia, Bahrain, Kuwait & Qatar.
• Approving credit check by checking Credibility of clients after doing all due diligences and releasing credit hold.
• Monitoring billing team for release of invoices as per contracts & signed order forms, payment terms, pricing etc.
• Generating and providing reconciliation report to Account Managers for their review and to highlight any discrepancies to rectify billing error.
• Ensuring delivery of invoices to clients in order to have immediate payment follow up as per the credit terms.
• Arranging meeting of Account Managers and clients to resolve dispute if any in billing to avoid payment delays.
• Building and maintaining good professional relationships with clients at all times and striving to improve customer satisfaction.
• Ensuring compliance of all credit control policies and procedures within the region.
• Consolidating monthly AR reports for Saudi and MEA as well as quarterly bad dept provisioning report for MEA management meeting. Responsible for updating the management on collections status and on any aging issues.
• Responsible for updating the management on the status of collections and report on any aging issues.
• Ensure minimizing receipt application, unapplied cash and unidentified receipt issues.
Accomplishments:
• Successfully kept DDO under control all over the years in between 31-35 days
• Successfully established Credit Control Department in Saudi Arabia
• Made valuable contribution in attaining financial targets and successfully completing specific regional programs.
Responsibilities:
• Successfully sourced all required Hardware & Software through I-Buy / SRM based on clients & internal requirements for major Saudi projects e.g. Keystone project implementation in 2004 by upgrading all three Thomson Reuters Data Centers in Saudi and K+ Software & RET software implementation projects from 2004 to 2009 in all Major Saudi Banks SAMBA Financial, The National Commercial Bank, Banque Saudi Fransi, Riyad Bank, Bank Al Jazira etc.