Sr. Specialist
Saudi Arabian Mining Company (Maaden)
Total years of experience :12 years, 9 Months
Budget Planning, Reporting and compliance: responsible for preparing the annual company budget, monitoring and reporting monthly and quarterly budget vs Actual variances analysis and preparing financial performance analysis for decision making purposes, monitoring overall budget commitments.
PRIMARY RESPONSIBILITIES:
• Establish budget timelines and communicate them to all departments’ managers for the submission of budget information
• Propose enhancements to the budget model
• Examine capital budget requests and issue recommendations to the approval committee
• Review the Budget Guidelines and Forms for approval of the management
• Create a consolidated budget version for management approval
• Prepare budget reports on a monthly basis comparing actual performance against budget for management attention
• Review monthly financial statements to establish actual against budget variance analysis
• Provide monthly cash cost reports for each department to obtain explanation and clarification for variances in order to ensure accurate control of expenditures and assist the management decision making process
• Prepare special report, financial evaluation study and other special assignment reports as requested by the management
responsible for revenue recognition and daily collection activities for different business portfolios, issue resolution, monthly reporting and general ledger reconciliations, also working along with the customer service and sales teams to facilitate the timely collection and maintenance of accounts receivable.
In addition to other tasks at the newly established subsidiaries: such as: fixed asset, pre-operating charges, general ledger (GL), capital working in progress (CWIP), bank reconciliation, receivables and preparing financial statements.
Co-op Training program: Assigned as an Associate Auditor in both Assurance department and the department of Zakat & tax performing extensive multiple tasks summarized as follow:
• Preparing tax and Zakat returns for clients and replying to the Department of Zakat and Income Tax (DZIT) inquiries on behalf of clients
• Reviewing and preparing of client Withholding tax returns
• Participating in the audit cycle for several companies from different business sectors