Senior Accountant
Wempco Steel Mills Company, Ltd
مجموع سنوات الخبرة :18 years, 8 أشهر
Key Responsibilities
• Performed balance sheet accounts reconciliation and validation of balances.
• Validated Income and expense accounts as to its veracity, completeness and in adherence to company policies.
• Approved and verified supplier’s invoices prior to endorsement for payment processing.
• Reviewed balances of creditors in accordance to company’s credit term policy.
• Investigated on some procurement activities which do not follow company standard policy and procedures.
• Checked and approved monthly payroll computations of staff and Supervisors before submission to Personnel department.
• Supervised month-end closing of accounts including accruals and prepayments
• Reviewed monthly financial statements prior to finalization.
• Liaised with external auditors for annual audit engagement
Key Achievements
• Involved in the business start-up preparation particularly in the billing process of invoicing to Saudi Aramco
• Contributed and successfully completed the Revenue Recovery Project which collected around 19M Saudi riyals.
• Spearheaded the non-scheduled invoicing with emphasis on quality, accuracy and on-time billing of invoices which surpassed monthly revenue target by 33 percent or around 550K Saudi riyals
Key Responsibilities
• Simplified the verification and approval process of subcontractor transport invoices which avoided payment duplication
• Reduced claims payable to manageable level by resolving client queries and reconciling account variances
• Prepared and uploaded invoices electronically to Saudi Aramco thru SAP ESV portal system
• Calculated, summarized and approved trip documents prior to invoice processing and submission to Saudi Aramco
• Validated transporter’s invoices prior to endorsement for check payment processing
• Handled the procurement functions, occasionally, and made follow ups for all purchase order delivery
Key Achievements
• Slashed monthly payroll by around 10 percent for unauthorized overtime claims
• Reduced monthly procurement expenditures for non- adherence to company policies
• Promoted a harmonized working environment across all departments
Key Responsibilities:
• Reviewed the monthly financial reports and supervised monthly closing of books of accounts
• Approved and evaluated CAPEX expenditures as per company policy
• Prepared monthly salary for departmental Managers and Supervisory personnel
• Evaluated contracts between service providers as to their viability
• Prepared monthly and annual budgets and analyzed variances
• Evaluated suppliers credit terms prior to approval
• Verified and approved voucher entries before recording to ledger
• Approved and signed check disbursements for payment to suppliers
• Administered fund transfer to Home Office account
• Allocated funds for payment to suppliers and budget disbursement
• Liaised with internal and external auditors during audit engagement
Key Responsibilities:
• Monitored daily the bank cash balances as to scheduled check issuances against funding availability
• Coordinated with Credit and Collection departments for attainment of daily collection budget
• Analysed and investigated collection variances against budget
• Verified and evaluated company expenditures for approval to Finance Manager
• Monitored cashier’s accountabilities on all collections made and deposits into banks
• Prepared weekly and monthly cash flow report for submission to Finance Manager
• Negotiated with suppliers on scheduling of payments for overdue accounts
• Monitored payable balances for cash flow budget and funding requirements
• Performed bank reconciliations and other reports
• Reviewed and approved journal and voucher entries prior to recording
• Liaised with internal and external auditors during audit engagement
Key Responsibilities:
• Conducted regular external audit engagements to clients
• Involved in special audit assignments such as payroll audits
• Engaged in internal audit services as per client’s request
• Handles tax compliance audit and tax computations
• Assisted clients in preparation and submission of governmental reportorial requirements
Passed the licensure exam for Certified Public Accoountant
Graduated a 4-year course in Bachelor of Science major in Accountancy (BSA)
Graduated a 4-year in secondary education.