khalid swailam

ITS2 is a premier leader in information security solutions and services in KSA, Over 248 vendors, 1, 165 projects and 55 partnerships in the field have been built over the past 12 years.
My Key responsibilities was as follows;

- Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, forecasting, budgeting etc.
-Quarterly and yearly reporting to board of directors and share holders
- Budgeting, Reporting and data analysis using Ad hoc reporting and Pivot tables
- Responsible for day to day finance and accounts operations
- Perform full set of accounts and ensure timely closing of accounts.
- Reviewing and checking Monthly bank reconciliation reports
- Responsible for bank facilities and finance activities
- Monthly Fixed assets depreciation and allocation to related projects according to actual use reports
- Review & approve payment vouchers & journal entries
- Monthly payroll process and reporting
- Calculating withholding taxes for international payments if applied.
- Daily follow up with collection team and accounts manager for customers collection
- Coordinating with credit department for payment terms and financial proposals
- Develop and maintain internal control and effective accounting system and policies for the set up.
- Support Company in ensuring that inter-company cost allocations are in line with management agreements and transfer pricing policy
- Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns
- Work consultative with the respective departments on cost reduction initiatives
- Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analyzing margins, variances and cost analysis.
- Perform project cost forecasts/budgets, cost tracking, monitoring and controls.
- Responsible for timely monthly financial statements, payments and collection reports, cash-flow management reporting to the Management
- Sales reports, commission calculations and actual vs budget variance analysis.
- Negotiating, provisioning and accounting for long term contracts and commitments.
- Prepare the annual budget with over the year controlling and variance analysis
- All reports requested by top management.
- Financial statement analysis and advising for improving the overall company profitability.
- Prepare and control end of the year external audit

- Responsible for day to day operations
- Review and analysis project costing sheets and reporting variances
- Co-ordinate with PMO office and business lines managers for monthly revenue recognition using matching principal and percentage of completion method
- Following up for project Invoicing and collections
- Reviewing credit controls report and give input for payment terms
- Responsible for monthly financial statements, cash flow reports, AR and AP Ageing reports, variances reporting
- Reviewing and process of payment vouchers
- Prepare cash flow forecasting, scenarios and planning
- Preparing LGs according to received RFPs
- Preparing LCs, negotiation for terms and refinancing upon facility terms and conditions
- Maintain healthy relationship with company related banks
- Loans documents arrangement and planning for repayments and interest calculations
- Controlling, reviewing and reconciling bank Facility (currently controlling 16 M Riyal)
- Develop and maintain internal controls and effective accounting system
- Reconciling inter-company accounts according to policy and procedures
- Work closely with business lines managers for cost control and plan for cost reduction initiatives
- Physical fixed asset and stock counting and reporting variances
- Prepare and process monthly payroll
- Calculating withholding tax applied for abroad payments
- Compliance with company internal audit guidelines and rules
- Prepare and Perform quarterly and yearly external audits

Working as accountant holding all duties by summarizing and recording all company transactions and operations, managing accounts receivables and accounts payables and custodies accounts, making reports to management and recording and maintaining closing and adjusting entries, performing variances between budgeted and actual transactions, and any other tasks assigned from management

Working at beginning at installment project at national guard presidency by holding sales and warehouse stock beside working as accountant holding all duties by summarizing and recording all company transactions and operations, controlling company treasury for petty cash, following up with banks for our current accounts or loan and credit accounts including letter of credits and guarantees, managing accounts receivables and accounts payables, also controlling employees personal accounts ( payroll ) and custodies accounts.