Senior Accountant
confidential
Total years of experience :9 years, 7 Months
• Responsible for the day to day-financial accounting needs. This includes maintaining and closing accurate monthly accounts timely and in compliance with IFRS.
• Oversee all accounts payable activities including invoicing, petty cash opening / replenishment / transfer / closure, memos and the managing of the of AP period’s opening and closing.
• Handle the billing process by ensuring that customers are being billed for the right services and at the right time.
• Oversee the follow up of all receivables (collections) and ensuring the right allocation of payments along with supervising other receivable activities including writing off receivables, and the managing of the AR period’s opening and closure.
• Resolve payable and / or receivable payment disputes with the customers in collaboration.
• Ensure the storing/archiving of all financial files, documents, reports and information and ensure to keep all the accounting books and financial documents in a secure way that guarantees their swift retrieval, when required.
• Prepare / maintain chart of accounts that provide breakdown of the financial transactions.
• Undertake timely and accurate accounting for all fixed assets, including acquisitions, dispositions, additions, adjustments, retirements, impairments, depreciation, etc.
• Review month-end TB and Balance sheet / Income statement. Prepare supporting schedules and commentary on major items and variances. Advice changes to manager if required.
• Engage with the tax consultants to handle Zakat and tax audits, prepare, and submit tax report (i.e. VAT, Zakat, etc.) and ensure proper submission to General Authority of Zakat & Tax (GAZT).
• Prepare forecasted management accounts and cash flow based on available information.
• Analysis of sales, purchases, expenditures, and comparing them to the same period of the previous month with figures and a graph.
• Manage company’s online banking platforms including assigning user access and setting up transactions authorization logic.
• Make sure that all withdrawals to the network from Mada, Visa and others have been posted to the bank account and make the daily budget and analyzing.
• Review monthly payroll and verify employee allowances and deductions.
• Preparation of financial statements of the Company for statutory audit based on IFRS and coordinating with the external auditors in annual statutory audit of the Company.
• Involved in the preparation of budgets and monitoring of the Company’s profit.
• Review and verifies inter-company and client contract for billing and invoicing purposes.
• Monitoring budgeted v/s actual and reporting variances to senior management.
• Preparation of reports, analyses of budgets, forecasts and financial plans.
• Prepare & Submit monthly VAT / withholding tax return, yearly Zakat return.
• Involved in the preparation of Transfer Pricing (Master File, and Local File).
• Involved in the preparation of the in-Kingdom Total Value Add (IKTVA).
• Monitoring the projects budget and evaluate the requirements to revise the budget for each project.
• Develop financial reports for forecasting, budget variance, CAPEX and capital upgrades.
• Set monthly collection target, follow up on timely basis and ensure clearing allover dues.
• Monitor and ensures that all transaction are intact and properly recorded.
• Provides monthly reconciliation of inter-company receivables and payables balances.
• Monitor the day-to-day financial operations within the company (Petty cash, invoicing, and other transactions, etc.)
• Ensure compliance with accounting policies and regulatory requirements.
• Develop external relationships with appropriate contacts e.g. auditors, banks, GAZT, etc.
• Responsible for the day to day-financial accounting needs of all KSA legal entities. This includes maintaining and closing accurate monthly accounts timely and in compliance with IFRS.
• Supervise month-end closing including prepare and maintain schedules of accruals, prepayments, amortization, fixed assets, month-end and year-end adjustments and pass necessary entries in the ERP system for entities including the parent company.
• Supervise inventory valuations and create inventory performance reports to control assets.
• Budgetary planning with focus on cost effectiveness and control.
• Accounting and controls for bank accounts and manage banking relationship.
• Control all finance duties in line with QR police and internal accounting procedure.
• Ensure to have sufficient funds and manage funds flow for station.
• Ensure to provide monthly MIS report, Prepaid & Accrual Schedules, Cost Center and Calendar Reports, Trail Balance & Funds Flow Statements.
• Ensure to have correct and accurate monthly closing as per given timeline.
• Identify the variance and controlling cost by proper follow up.
• Ensure receivable collected on time and payable paid timely with no penalty.
• Handling BSP and CASS customer account and monitor closely all the default agents.
• Handling and involved in process of payroll.
• Responsible to close all internal and external audit queries within due time.
• Posting and processing journal entries to ensure all business transactions recorded.
• Updating accounts receivable and issue invoices.
• Updating accounts payable and perform reconciliations.
• Assist in the processing of balance sheets, income statements and other financial statements according to legal, company accounting, and financial guidelines.
• Assist with reviewing of expenses, payroll records etc. as assigned.
• Update financial data in databases to ensure that information will be accurate and immediately available when needed.
• Prepare and submit weekly/monthly reports.
• Financial Modeling, built in spreadsheet software such as MS Excel to forecast a business’ financial performance into the future. • Financial analysts examine financial data and use their findings to help companies make business decisions. • Calculated financial ratios to create with the use of numerical values taken from financial statements to gain meaningful information about a company. • Study valuation issues and financial markets. • Explore international trade and finance. • Risk analyst, identify concerns regarding investments and related costs. • Build critical thinking, problem-solving and communication skills.
• Thorough understanding of accounting and business policies and concepts, financial reporting and analysis, GAAP procedures, cost accounting, auditing, budgeting, forecasting, and taxation • Effective verbal and written communication skills to present accounting information. • MS Office Suite, and other computer software, Google docs, QuickBooks, ERP, and other accounting software. • Mathematical and statistical skills to solve simple and complex calculations. • Using a framework and model to analyze financial statements and other relevant data. • Evaluate the accounting implications of an economic event by applying the principles, standards, and practices of financial accounting.