Hatem Al-Hibshi CertIFR

• Prepare monthly analysis schedule sheets for the Balance Sheet accounts after clearing transitory ones.
• Prepare monthly Management reports with actual vs budget variance analysis and investigating reasons.
• Prepare the FS in accordance with GAAP & IFRS to comply with SOCPA & DZIT)
• Participating in Budgeting Process for finance department & work with stack holders in budgeting their departments to avoid any Budgetary Slack, mistakes and Unrealistic projections.
• Handling monthly the DZIT returns with the Auditors or WHT & VAT.
• Undertaking the Annual External Audits, and the ISO IMS Audit for procedures and internal controls.
• Liaise with Group Internal Auditors, clear points, observations and assure compliance.
• Corresponding with bank’s credit control department regarding the amounts and the costs of the facilities needed or acquired such as Letter of Guarantee and Performance Bonds.
• Prepare Reconciliations, investigating discrepancies, reporting and adjusting of Bank Accounts, Cash, Inventory, Inter-Company current accounts, and main Vendors.
• Assuring that all monthly closing related activities and Journal Vouchers are done as timely scheduled.
• Managing all Payables, Treasury & Inter-company to maintain cash flow minimum cash balance.
• Reviewing all the payment request for its supporting documents and approvals prior to processing.
• Ensure the costing process for the Purchase Orders has been handled correctly specially for importing ones. (Customs, Duties, Clearance, and Exemptions, etc.).
• Investigating any departmental procedures flaws or ERP errors and advising for improvements.
• Liaison with HR for payroll processing, and its related governmental costs and fees.
• Preparation of any other requested special, ad hoc and management reports.

NOMAC is a leading private operator of power generation and desalinated water production plants which is to date translated into successive mega projects including: Quraysh IPP, Bowarege IWP, Rabigh IWSPP, Shuaibah Expansion IWP, Shuaibah Phase III IWPP, Marafiq Jubail IWPP, Shuqaiq IWPP, Rabigh IPP1, Rabigh IPP2 and Baraka 1 IWPP.

NOMAC is responsible for a portfolio of over 16, 000 MW power generation and 2.4 million cubic meter per day sea water desalinization assets including thermal and solar powered facilities across the Middle East, north and South Africa and Eastern Europe.

• Reviewing all the payment request for its supporting documents and approvals prior to processing.
• Ensure the costing process for the Purchase Orders has been handled correctly specially for importing ones. (Customs, Duties, Clearance, and Exemptions, etc.).
• Investigating any departmental procedures flaws or ERP errors and advising for improvements.
• Assuring that all monthly closing related activities and Journal Vouchers are done as timely scheduled.
• Liaison with HR for payroll processing, and its related governmental costs and fees.
• Prepare Reconciliations, Investigating discrepancies, reporting and adjusting of Bank Accounts, Cash, Inventory, Inter-Company current accounts, and main Vendors.
• Following up monthly the payment Withholding TAX to DZIT online site with the Auditors
• Update the Cash flow for current & following month to maintain cash above minimum desired balance.
• Prepare monthly analysis schedule sheets for the Balance Sheet accounts after clearing transitory ones.
• Prepare monthly Management reports with actual vs budget variance analysis and investigating reasons
• Prepare the FS in accordance with GAAP & complying with SOCPA & DZIT laws and regulations along with analysis reports for variance between actual and budgeted income & expenses. (Quarter Comparisons for BOD)
• Undertaking the Annual External Audits, and the ISO IMS Audit for procedures and internal controls.
• Liaise with Group Internal Auditors for SOX audits, clear points, observations and assure compliance.
• Participating in Budgeting Process for finance department & work with function managers in budgeting for their departments to avoid any Budgetary Slack, mistakes and Unrealistic projections.
• Corresponding with bank’s credit control department regarding the amounts and the costs of the facilities needed or acquired such as Letter of Guarantee and Performance Bonds.
• Preparation of any other requested special, ad hoc and management reports.

The Chalhoub Group has been the leading partner for luxury across the Middle East since 1955 in retail, wholesale, distribution and marketing services, with a growing workforce of 12000+ Employees, covering 14 countries, 650+ retail outlet, 100+ nationalities, 125+ companies, affiliates and joint ventures.

Radwa Trading Company, which is providing all the support services to the KSA group commercial companies (14 companies, 3000+ employees, 120+ ), among 60+ accounting & finance professionals, I was honored after 1 year to lead 8 task accountants (A/P, A/R, Treasure, etc.) in performing the following for 4 companies:

• Manages the accountant’s activities to ensure their commitment with monthly closing deadlines.
• Investigating all difference sin bank accounts reconciliations and adjust with Treasury Accountants.
• Maintaining all Inter-Company back office costs allocations (ABC based), calculations & booking.
• Leading the matching process of the POs with the suppliers invoices in the system for handling any price and quantities differences and solve with commercial and purchase departments
• Reconciliation and clearing of all transitory and dummy accounts for inventory & suppliers.
• Handle all the correspondences with the commercial departments regarding the purchases & its costs.
• Maintain all A&P expenses in ERP and monthly report it for 5 companies (10 divisions).
• Make sure that all POS sales transactions and its transitory accounts are cleared/reconciled on time.
• Maintain all required closing journal entries in the system and assure the team also posted all JVs.
• Prepare monthly TB, review the movement to assure that all data provided are accurate & reliable.
• Participate in preparing the Budget for the support services Company of the Group.
• Monthly maintaining the Withholding TAX account, file and the payment.
• Coordinate with the External Auditor for financial audits and statutory reporting.
• Creating automated templates for offline work, improving department procedures & policies.
• Preparation of any special & ad hoc reports requested by management.
• Effective participation in shifting ERP from BAAN to Oracle (EBS), preparing accounts and balances, examining and advising about modules, calculations, cost & profit centers, forms, results, reports and outputs, etc.
• Supervise juniors, trainees & newly hired accountants, analyze their performance, identifying their weaknesses and strength points, train them and report to the Department manager.

Nashar Trading Company was established in 1941 as one of the oldest trading houses in the Kingdom, in 1941the company was constituted as a Mixed Liability company which grown to become one of the leading F&B FMCG importing, distribution and meat manufacturing companies, marketing its own brands plus a select portfolio of international brands.

• Review all Payment Requests assuring content and documents are in compliance with company policy.
• Maintain the Capital Expenditures files from budgeted till the asset is capitalized and depreciated.
• Checking all Vendor manual and integrated invoice booking in the ERP and assuring the matching with PO quantities and values is correct without abnormal variances.
• Ensure the Costing Process for the goods purchased are correctly charged specially for importing raw materials (e.g. Customs, Taxes, Clearance, Exemptions, L/C charges, Bank fees, etc.).
• Credit Control over A/R, reconciling and following-up with sales & collection teams for dues.
• Costing the Product Recipes, material mix cost, labor yield & FOH allocation.
• Processing Payroll and its related governmental affairs documents and fees.
• Maintaining closing journals such as fixed/recurring/unique accruals and amortizing of prepayments.
• Responsible for periodic reconciliations and adjustments for bank and cash account.
• Monthly checking the Inventory accounts balances, Physical Count, Work In Progress, and Waste.
• Prepare monthly TB, review the movement to assure that all data provided are accurate & reliable.
• Liaise with Public Accountant for Final & Interim External Audit.
• Applying the Products Recipes & Standard Costs to the ERP compares, controls & Analysis.
• Finding any ERP errors and advice for improvements and acquisition of other ERP systems.
• Improving procedures, forms and creation of automated templates for offline work and calculations to increase the efficiency within the whole group.
• Liaison with the bank for credit facilities and maintain the good relation for quick processing of the L/C, COD, Consignments, Debit & Credit Advises, wire transfers and Check issuance, etc

Part-time

(For miscellaneous controlled companies)
1- Payroll (salaries, benefits, leaves, tickets, end of service, social
solidarity)
2- GOSI file (add, delete, update, maintain, payment)
3- Medical insurance file (add, delete, update, maintain, payment)
4- Prepare & follow up all admin. Expenses & governmental fees.
5- Supervising All personnel, Archive, Admin & Secretarial Work.
5- Prepare, update & maintain employee records at the HRMS.
6- Helping in preparing annual budget and financial statements.
7- Preparing and helping in monthly, quarterly and annual reports and reconciliations for companies' accounts.

Audit services,
Accounting,
Tax consulting.

Recording Transactions.
Filing
Invoicing
Collecting Documents
Bank Deposits & Withdrawals
Writing Checks
Printing Transfers