Accounting Manager
KMZ
Total years of experience :8 years, 9 Months
• Contributed to a 11.7% increase in revenue by actively participating in pricing negotiations and recommending cost-cutting activities.
• Drive process improvement initiatives; decreased the month-end close time 66% (in 2 days instead of5 days) by leading a process
redesign; implemented, maintained robust internal controls and policies reporting best practices in compliance with IFRS, and
corporate guidelines.
• Managed the team of 9 accounting delivering positive reinforcement and constructive feedback to encourage task completion
• Developed and analyzed comprehensive financial reports, such as balance sheets, income statements, and cash flow statements,
contributing to valuable insights and enabling informed decision-making processes.
• Collaborated with board to set strategic direction and implement long-term business plans.
• Controlled expenses by improving resource allocation, resulting in improved efficiency and cost-control.
• Developed and implemented strategic plans to reduce expenses and increase profits based on financial analyses.
• Manage and oversee the entire accounting team
• Hiring, training, and motivating accounting staff members while supervising and delegating department tasks.
• Evaluating, developing, and improving department controls, systems, and procedures that increase accuracy and efficiency.
• Overseeing the daily activities of the accounting department and ensuring that all major projects, month-end, and year-end reports are completed accurately and on time.
• Conduct all necessary training to keep the team's skills and knowledge up to date.
• Ensure that all necessary documents are requested, collected, and compiled.
• Ensure the timely reporting of all monthly financial report.
• Maintain current and new client relationships.
• Monitor and mentor/train junior staff, clerks, and bookkeepers.
• Detect and address potential compliance issues proactively.
• Maintain compliance with all state and federal regulations at all times
• Maintain highly organized and updated client files
• Work collaboratively with other teams to achieve shared goals
• Reconciles documentation with actual inventory or assets to ascertain accuracy.
• Oversaw all financial transactions and bookkeeping activities, ensure accuracy and compliance with regulations. This allowed to
maintain clean financial records.
• Reviewed IKTVA and Bena reports yearly report and quarter report.
• Analyzed working papers for sufficient documentation to successfully complete audit scope and objectives.
• Completed audits to pre-agreed timescales, maintaining high quality professional and departmental standards.
Prepare IKTVA Report for Saudi Aramco.
Prepare Benaa Report for Saudi Electric Company.
Work with committee and review process of change Company program from old program to SAP program.
Identify and assess areas of significant business risk.
Implement best audit and business practices in line with applicable internal audit statements.
Manage resources and audit assignments.
Identify and reduce all business and financial risks through effective implementation and monitoring of controls.
Develop, implement and maintain internal audit policies and procedures in accordance with local and international best practice.
Compile and implement the annual Internal Audit plan.
Conduct ad hoc investigations into identified or reported risks.
Oversee risk-based audits covering operational and financial processes.
Ensure complete, accurate and timely audit information is reported to Management and/or Risk Committees.
Overall supervision of planned annual audits.
• Developed and presented financial reports to executive leadership, informing strategic decision-making for the company.
• Creating and analyzing financial reports, including balance sheets, income statements, SAMA report, VAT, Tax, and cash flow state-
ments. provides valuable insights and allows for informed decisions.
• Reduced account receivables collection time by 25%, improving cash flow.
• Facilitated inter-departmental collaboration efforts, leading to a 42% improvement in financial data reconciliation efficiency.
• Accurately performed daily cash functions, including Accounts (Payable and Receivable) tracking, budgeting, expense allocation and
various reconciliations.
Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
-Ensure an accurate and timely monthly, quarterly and year end close.
-Ensure the timely reporting of all monthly financial information.
-Ensure the accurate and timely processing of positive pay transactions.
-Ensure the monthly and quarterly Bank Compliance activities are performed in a timely and accurate manner.
-Supports budget and forecasting activities.
-Work with the Controller to ensure a clean and timely year end audit.
-Supervise the general ledger group to ensure all financial reporting deadlines are met.
-Assist in development and implementation of new procedures and features to enhance the workflow of the department.
-Provide training to new and existing staff as needed.
-Work with each direct report to establish goals and objectives for each year and monitor and advise on the progress to
enhance the professional development of staff.
-Prepares asset, liability, and capital account entries by compiling and analyzing account information.
- Documents financial transactions by entering account information.
-Prepare and review budgets, revenue, expenses, payroll entries, invoices, and other accounting documents.
-Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
-Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.