Chief Accountant
Basamh Trading Industrial Group
Total years of experience :18 years, 9 Months
07-2017 - Present Basmah Trading Industrial Group ( BTIG) Jeddah - KSA
Chief Accountant Role
• Monthly & Yearly end close & issuing financial statements report on the Group
Level (Balance sheet -P&L - Cash Flow ).
• Monitoring the Master Budget & Comparing it with the Actual & discussing the Variances with the concerned person .
• Full Responsibility for GL Module & the only authorized for issuing Financial statements
• Following up VAT accounts and reconcile it before issuing the VAT payment Memo.
• Supervising & Motivating the team of accountants and schedule the work for them, for the timely Accomplishment of the job .
• Full control for the reconciliation between the sisters companies & non sisters.
• Monitoring the debt accounts between the sisters companies & non sisters .
• Managing the payments between the group Companies to ensure the cash inflows available any time .
• Follow up Company accounts system, accounting book including data entry, data control and reconciliation .
• Ensuring that the internal control system for the company is in place .
• Answering External Auditors questions and fulfilling his requirements .
• Control daily, weekly and monthly A/R, A/P , Banks, Inventory Modules .
• Reconcile and analyze purchase ledger, banks ledger and designed GL accounts, fixed assets accounting &depreciation calculations .
• Monitoring the Accruals & prepaid accounts and reconcile it monthly .
• Coordinating with other departments to build up the right team spirit .
01/2010 - Present Universal Cold Store Trading Co. Dammam, KSA AR Section Head
Universal Cold Store (UCS) is a fast growing company in food products market. It runs 110 supermarkets in Saudi Arabia, imports from many countries, succeed in implementing Oracle ERP and have been running it smoothly for six years, with more than a thousand employees including more than 55 accountants. My role in UCS is covering two modules, AR as my main role & SCM as support role.
Accounts Receivable Section Head Role
Leading six AR Supervisors at HO to control all AR responsibilities per-formed by about 45 branch accountants.
Cash Control supervision of all UCS branches, including physical count, bank deposits, etc
Full control of credit customers, including maintaining customers files, debit ages, credit limit, payment term, payment follow-up, reconciliation with customers.
Support Internal auditors, external auditors and Legal department for all the requirements related to AR. Working with IT team & Implementers on enhancing the Oracle reports to satisfy the decision making process, like hold accounts, credit policy, cash control policy, etc.
Support Treasury department for bank reconciliations monthly.
Coordination with other modules power user for interrelated transac-tions, and making the needed reconciliations for clearing accounts.
Full reconciliation for the data imported from POS to AR, and between AR & GL, and work with IT for analyzing & fixing the discrepancies.
@@ Supply Chain Management Supervisor Role (Western Region only)
Preparing total product activity reconciliation on monthly basis
Preparing inventory checklist monthly basis.
Receiving goods from main stores to branches.
Return goods from branches to main stores.
Recording purchasing from direct supplier.
Posting inventory Adjustments as per company policy ( Excess• Recording Returns to direct supplier. & Short & Stock Transfer …etc.)
Universal Cold Store Trading Co. Dammam, KSA
10/2008 - 12/2009 AR User then AR Super User (Western region & Central region)
Supervise branch accountants related to AR duties
Confirming that the imported sales tallies with POS sales.
Reconciliation with credit customers.
Analyze the reasons behind the difference when importing the sales to Oracle.
Passing adjustment entries on cash & credit customers when needed as per company policy.
Adding new customers in AR after collecting the needed documents as per company policy.
@ Five Stars Paradise Inn Regency Hotel Damascus, Syria 09/2007 - 09/2008
@@@ Chief Accountant
Preparing financial statements ( Balance Sheet, Income Statement ..)
Preparing Payroll Statement.
Preparing daily income reports for general management.
Cash receipts & disbursements control supervision.
Accounts receivable & account payable control supervision.
Preparing accounting check of incomes & outcomes.
Reviewing banks reconciliations.
Control cash transactions with the help of the team.
@@@ Five Stars Paradise Inn Regency Hotel Damascus, Syria
04/2005 - 08/2007 @ Accountant
Reporting directly to chief accountant.
Recording entries related to revenue ( Restaurant & Room).
Following up cashiers in front office (Reception) & Restaurants.
Recording All payments to suppliers.
Control the accounts receivable balance & collection.
Making reconciliation with customers.
Preparing Daily income reports.
(Certified in Strategy & Competitive Analysis (CSCA
Certified Management Accountant (CMA)
2001 -2005 Bachelor of Science in Economics / Major in Accounting Damascus University/ Syria