Chief Accountant
Saudi Tadawi Healthcare Company
Total years of experience :19 years, 8 Months
Prepares monthly MIS report from Cash Managment side, Verify and Analyze along with Finance Controller
Responsible to Reconcile more than 35 Banks in Oracle Cash Management Module
Analyze and monitor the company loans and repayment schedule for timely repayment and Ensuring availability of funds for repayment on due dates
Preparing Long Term, Medium Term Short Term Loan Interest Schedules
Verify and reconcile “General Ledger Control account with Sub-Modules
Prepares daily Consolidated Cash Flow
Maintaining Fixed Assets Schedule and Depreciation calculation and Amortizations
Scrutinize petty cash payments and verify provision accounts
Responsible to Prepare Weekly Cash Flow Analysis and Summary
Coordinate with different departments including IT for corresponding financial transactions
Prepares audit schedules, movement report of provision A/c and co-ordinates with auditors to finalize audit within time frame
Responsible to Prepare Business Trend Analysis and matched with P/L
Responsible to Analyze, Verify, and Generate the GROSS MARGIN Reports of all stores
Responsible to Prepare Supplier Ageing and Inventory Ageing Reports
Manage more than 1200 Suppliers and their financial activities along with the Payments.
Plan and execute the Inventory to have accurate shrinkage value, verify inventory
Adjustment, Follow up with Commercial Department heads to adhere to their action plans to reduce the shrinkage values
Update the GM and Commercial Department heads regarding critical issues; Negative Stock, Cost Corrections, Wastages, Negative Margins, a few to name
Verify & Summarize trade receivables recoveries for all the stores and closely follow up with concerned managers to correct any existing discrepancies
Finance representative for negotiations with commercial Group dept. Heads
Accomplish Supplier Reconciliation for Internal & External Audits, periodically
Leading a team of 42 People which includes Supervisors and Departmental Accountants
Create various reports namely Income receivables, Supplier Balance Statements, Stock
Positions, Slow Moving Stock, and also Reports for comparative analysis
Verify Supplier balance on a daily basis and Instruct Receiving department and Commercial managers to have proper control over debit balances
Verify debit/credit notes as per business agreements and supplier approvals.
Follow up with payable managers at different locations for supplier payments and extend coordination for payment related queries
Responsible for New Suppliers & Employee creation in Oracle financial
Organize meetings with suppliers and address their issues Occasionally, supervise the store operations, check refunds/repairs and resolve customer problems as Duty Manager
Update the stock transfers, Reconcile and confirm the balances with other stores.