Financial Operation Manager (Chief Accountant).
Salama Insurance Co
مجموع سنوات الخبرة :22 years, 0 أشهر
• Oversee and lead all Budgeting and Business Plan activities.
• Supervises and participates in the preparation of financial
statements and reports.
• Oversee all daily financial accounting activities.
• Manage and oversee all daily operations activities.
• Monitor and analyze accounting data and produce financial reports.
• Establish and enforce proper accounting standards and principles.
• Oversee AR/AP activates and ensure recovery plan is in place.
• Oversee for reviewing and release daily claims payments.
• Improve systems and procedures and initiate corrective actions.
• Oversee Fixed assets, accruals, provisions assuring all are in accordance with regulations.
• Preparing all finance regulatory reports.
• Follow up bank reconciliations and allocations.
• All treasury activities and Banks relationship.
• Working with top management and relevant departments to enhance and develop system as business need.
• Oversee all purchasing and payroll activity.
• Provide training to new and existing staff as needed
• Experience with financial systems and improvement initiatives.
• Member of SALAMA Digital Transformation committee.
• Experience working under generally accepted accounting principles, international financial standards
• Preparing monthly, quarterly, half yearly and annual financial statements and submitting to the group management
• Coordination of all fiscal reporting activities including revenue/expense and balance sheet reports.
• Assign projects and direct staff to ensure compliance and accuracy.
• Meet financial accounting objectives.
• Establish and maintain fiscal files and records to document transactions.
• Oversee monthly production reports, including reconciliations with funders and pension plan requirements, financial statements.
• Preparing Tadawul XPRL reporting files.
• Maintain and review monthly Trial Balance.
• Preparing Management and financial Reports.
• Collaborate with external audits for quarterly and annual auditing.
• Reviewing VAT and WHT monthly return.
• Ensure monthly accounts reconciliation and analysis are done in a timely manner.
• Update aging reports based on daily audits.
• Reconcile daily AR ledger and verify proper posting.
• Complete daily process adjustments to maintain accuracy.
• Preparing and submission monthly VAT returns.
• Prepare monthly Payroll.
• Processes incoming payments in accordance with established financial policies.
• Assist management with finalization of annual expense plans.
• Suggests key budgetary changes to increase company profits.
• Reviews collection reports to determine status of collections and the amounts of outstanding balances.
• Apply some and Review day to day JV's and posting.
• Monthly bank reconciliation.
• Proper follow up for collection.
• Monthly local / overseas suppliers’ statement reconciliation and payments.
• Review monthly accounts receivables ageing report before submitting to management.
• Preparation of monthly various reports as management required.
• Preparation of month end closing (Prepaid Schedule, Assets Schedule, Accruals Schedule, Running Depreciation) Checking GL (A/R, A/P, Sales, and Cost).
• Review and go thru Trial Balance on monthly basis.
• Review with HR Department the Monthly Payroll and staff benefits.
• Coordinate with the auditors for year-end closing purposes.
• Closing of accounts monthly, quarterly, and annually.
• Preparing monthly, quarterly, and annual financial reports.
• Review Trial balance sheet and related reports for financial results
Coordination with external auditors.
• Coordination with internal auditors preparing monthly, quarterly, and annual SAMA reports.
• Preparing quarterly RBS form preparing all financial data as and
when request come from SAMA.
• Responsible for calculation and finalization of UPR.
• Preparing Zakat return files and monthly payment of WHT.
• Member of VAT implementation project.
• Reviewing and responsible for all RI technical entries
• Follow-up, handling term deposits with banks as well as coordinating with banks to obtain a higher rate of interest.
• Payable to Suppliers and all Company Payments it's reconciliations.
• Bank relations (opening new accounts, reconciling, etc.).
• Monthly closing entries Accrual & Deferrals and Reversal. Payroll Processing entries review and approval in system.
• Reconciliation of staff accounts (Additions & Deductions).
• Monthly withheld Tax calculation and processing of the payment.
• Quarter end closing entries and coordination with the external auditors.
• Fixed Assets schedule updating and depreciation.
• Preparing monthly RI W.H. Tax.
• Prepayments expenses (Leasing, IT, Etc).
• Shareholders entries updates (Monthly, Dividends and Other Income) Term Deposit schedule update and posting of its income.
• Investments schedule update and posting of its income.
• BOD Meetings Schedule update and processing of its payments.
• Co-ordination with Internal & External Auditors on Key matters, audit queries and other issues.
• Preparing other reports based on the management needs.
• Receivable, Recoveries Management Monthly Aging analysis.
• Manage timely collection of dues to the company of receivables.
• Responsible for SIMAH (Saudi Credit Bureau).
• Prepare all necessary reports required to improve collection process.
• Ensure compliance with company credit & collection policy.
• Review and approve all marketing representatives’ Monthly
commission to pay.
• Prepare and adapt receivable aging reports to calculate the doubtful debts reserves.