Chief Accountant
Abiat Al-Naseem Food Trading Company
مجموع سنوات الخبرة :16 years, 9 أشهر
• Led a team of 6 members as the Chief Accountant.
• Verified and validated daily journal vouchers, ensuring accuracy before integrating them into the system.
• Examined daily sales costs and cross-checked them with stock inventory.
• Ensured seamless integration of daily sales with the ERP system upon receipt of sales reports.
• Approved daily company purchases and expenses and compared them against the budget.
• Calculated costs for new products.
• Entered employee information into the system to generate payroll checks and subcontractor payments.
• Approved monthly salaries for employees and assessed other employee benefits.
• Managed old company loans and secured new bank financing.
• Verified and validated monthly inventory records, calculated comprehensive costs based on inventory audit.
• Managed 8 company bank accounts, encompassing cash payments, supplier payments, and other financial transactions.
• Prepared Monthly Financial Reports.
• Prepared board meeting reports every six months, encompassing financial reports, ongoing projects, future initiatives, sales reports, and an analysis of the company's strengths and weaknesses.
• Handled and facilitated new government loans.
• Produced monthly activity result notes, accompanied by viable solutions.
• Developed a plan for transitioning from the old system to the new ERP system, comprising system flow for the system provider.
• Addressed and resolved issues encountered during the transition phase to successfully deliver the ERP system, conducted a three-month parallel testing period with the legacy system.
• Generated monthly financial statements (balance sheet, income statement, cash flow statement, and notes) for warehouse and compared them with the warehouse budget.
• Acted as a liaison to outside auditors.
• Compiled annual financial reports for external audit review.
• Created a new project cost plan for 2 companies and 5 branches, based on the required scope of work, and contrasted it against the project budget.
• Tools: Oracle the next, MS Excel.
• Prepared monthly reports on sales, stock, costs, and expenses.
• the team in daily transportation activities.
• Developed and managed financial processes related to annual budgeting and cash flow forecasting.
• Prepared all monthly quarterly and annual financial reports.
• Reviewed and compared daily transaction integrations.
• Completed monthly bank reconciliations, including sales reports with points of sale.
• Recorded and audited employees' salaries.
• Ensured the organization's annual financial statements follow all standard practices and procedures in coherence with financial reports.
• Analyzed profit and loss (P&L) and balance sheet (BS) reports with accompanying notes and compared them with the annual budget.
• Tools: Oracle NetSuite, MS Excel.
• Reviewed and recorded shareholder current accounts and savings accounts.
• Monitored the annual operational and capital budgets.
• Calculated and distributed annual profit dividends to shareholders based on their ownership in Closed Joint Stock Companies.
• Managed daily cash transactions according to shareholder requirements.
• Prepared monthly bank and treasury reconciliations.
• Established monthly summary stock reports for management at Abdulla Fouad Warehouse
• Handled daily petty cash at Abdulla Fouad Warehouse
• Created monthly invoices for transportation sales at the warehouse.
• Compiled monthly reports on storage and transportation costs.
• Reviewed and approved purchase order requests within budget limits.
• Generated monthly financial statements (balance sheet, income statement, cash flow statement, and notes) for Abdulla Fouad Warehouse and compared them with the warehouse budget.
• Managed Abdulla Fouad charity payments according to the scheduled monthly and Ramadan donations.
• Tools: Oracle QAD, MS Excel.
• Collaborated with Accounting Manager on the following:
- Made closing entries for accrued accounts.
- Prepared monthly balance sheet and closed cost center variances, labor charges, and overhead.
• Tracked production costs, including materials, manpower, and overhead, and generated daily reports.
• Reviewed and submitted production cost and budget comparison reports.
• Initiated and recorded reports for accrued cost accounts.
• Observed maintenance costs and did monthly reports with recommendations based on the budget.
• Prepared project analysis reports and initiated comparison reports with estimated project costs.
• Reconciled supplier accounts.
• Processed supplier payments for due invoices by cash and letter of credit (LC).
• Controlled and reviewed LC payments according to the payment schedule.
• Successfully ran monthly payroll journal vouchers.
• Supervised physical inventory and submitted actual inventory reports.
• Tools: SAP, MS Excel.
• Supervised the loading and off-loading of empty cans and can ends.
• Created delivery notes for customers.
• Prepared daily and monthly summary stock reports for management.
• Conducted monthly physical inventory of cans, can ends, and printing ink.
• Managed requisition of factory material needs.
• Placed orders with suppliers for factory use.
• Monitored daily suppliers’ orders.
• Conducted Daily Physical Inventory to Ensure System Alignment with Sale-Ready Good
EDUCATION
Bachelor's degree, Accountant. At Science and Technology Yemen University on line Location: Eastern Province, Saudi Arabia Graduation Year October 2006