Accounts and Reporting Officer
United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA)
مجموع سنوات الخبرة :30 years, 10 أشهر
Main responsibilities are:
• Establishing and monitoring the implementation and maintenance of accounting control procedures;
• Ensuring that accounting records between UNRWA and Provident Fund Secretariat are duly matched and recorded on a monthly basis including settlement of balances;
• Reconciling accounts in preparation of year-end closings;
• Preparing monthly accounting statements and generating the year-end accounts for the Provident fund and ensuring that they are accurate and produced in a timely manner;
• Preparing analyses of statements, reporting and ensuring allocation of Income of the Fund between the PF members;
• Validating the calculation of monthly interest rates based on the investment portfolio of all fund managers accounts (actual loss or profit), in addition to all other fees and expenses accrued to PF accounts;
• Checking the calculated monthly cumulative investment assets and liabilities for the main and conservative funds, including monthly interest rate positions;
• Ensuring the safe custody of Provident Fund assets;
• Compiling reports periodically to management on Fund activities and other related issues;
• Ensuring that the necessary books of account, annual financial statements and auditor’s report are drafted in accordance with appropriate, International Financial Reporting Standards;
• Ensuring policy and operational adherence to International Financial Reporting Standards (IFRS) by raising the necessary journal vouchers in accordance with IFRS accounting standards to ensure the overall quality and accuracy of accounting information, including the Provident Fund trial balance and other accounting reports; maintaining close contact with accounting regulatory bodies to ensure the best utilization of this information for the benefit of the Provident Fund;
• Drafting summaries and schedules for distribution at Provident Fund Committee and Investment Advisory Committee meetings reviewing the reconciliation reports of the asset
value reported by the investment manager and the asset value reported by the global custodian;
• Preparing financial analysis and reports related to the above functions; updating report regularly and in line with new techniques and financial principles; reviewing and analyzing the reported figures. Executing and advising on the controls embedded in the Financial Control process;
• Assisting in preparing periodic educational materials, bulletins and leaflets on developments and trends in investments, for the main and conservative fund; assisting in conducting training seminars for the local staff in investment principles and terminology used and in Provident Fund’s structure and investments;
• Analyzing accounting methods related to investments processes, recommending improvements and implementing system changes. Ensuring that the fund’s assets are invested in such a way that the optimum returns are achieved subject to an acceptable level of risk, may recommend modifications to management's investment policy;
• Liaising with Audit and Inspection Department and the UN Board of Auditors on matters related to the Fund; coordinating Provident Fund replies to internal and external auditors.
ACDIMA sets up a strategies for the drug industries and medical appliances, conducts the feasibility and technical studies for the projects to be established in the Arab World, subscribes along with the Arab governments and other parties in these projects. Also, ACDIMA builds relations with multinational bodies to assist in setting up and participating in projects in the Arab World. It also concentrates on the field of training to create and develop competent personnel for the drug industries and medical appliances.
Main responsibilities are:
• Preparing monthly and annual budgets according to strategies set up by management.
• Submitting the budget to the management and the board of directors for approval.
• Ongoing budget monitoring and measurement of deviations.
• Tracing reasons for deviations in budget and taking action to overcome such deviations.
• Setting up the best procurement practices.
• Reviewing purchase order prior to management approval ensuring that the proper procedures are taken.
• Making sure suppliers have been contacted to get quotations for the requested materials, with proper comparison between quotations to reach for the recommended offer for purchase.
• Negotiating the credit terms with suppliers and controlling suppliers' accounts.
• Making sure that purchase orders are properly followed up and the materials purchased are properly recorded in the company’s books.
• Participating in the meetings held for setting up the policies and discussing the procurement related issues in the company.
• Follow up for supplier payments proper processing.
• Monthly payroll management and follow up, including management and follow up of daily update of HR/Payroll System.
• Reviewing insurance policies and negotiating the terms with insurance providers to maximize the benefit for the company from insurance policies.
• Making sure that insurance costs and liabilities are properly booked.
• Follow up with insurance providers for insurance related issues and transactions.
• Follow up of insurance claims to ensure the proper settlement.
• Follow up of the renewal of the insurance policies ahead of expiry date.
• Follow up of the collection of receivables of international clients.
• Participating in the meeting for setting up the policies and discussing insurance related issues in the company.
• Ensuring the proper booking of purchases, insurance expense and payments and monthly payroll booking.
• I was a member of the following committees:
- Company’s infrastructure improvement committee.
- Purchases committee.
- Insurance committee.
FAME is a subsidiary of Bahra Advanced Cables Manufacturing Co. and in the same time a member of both Saudi Bin Laden Group - SBG and Constructions Products Holding Co. Group.
FAME produces Electric Panel Boards in Addition to metal Cable Tray and Cable Ladder.
Main responsibilities included the following:
• Ensure the proper weekly, monthly and yearly reporting on the financial results and position of the company to company’s management and group’s management.
• Coordinating with internal auditors external auditors for audit related issues and issuance of the company’s financial statements on time.
• Daily and monthly cash flow management.
• Follow up of the yearly business improvement plan in the finance department and in the company in general.
• Working with banks and other company’s departments for managing the company’s, letters of credit whether and ensuring the timely follow up and settlement of the LCs’ value.
• Preparing the monthly and annual budgets according to strategies set up by management and submitting it to management and the board of directors for approval.
• Ongoing budget monitoring and measurement of deviations.
• Tracing reasons for deviations in budget and taking action to overcome such deviations.
• Follow up with finance team of the shareholders for reporting and other financial related requirements.
• Analyzing financial procedures for all business cycles and proposing required modifications to enhance overall controls and efficiency.
• Reviewing company’s contracts to ensure compliance with policies and controls.
• Cash flow management and follow up of receivables and collections.
• Involvement in the on-going strategic plans for FAME activities.
• Arranging and follow up of the year end closing procedures including cash count, stock count and other closing procedures within the finance department.
• I was working as a deputy Factory Manager, where I used to play a considerable role in running the daily operations.
• Supervising the work in the company’s warehouse to ensure that proper controls and procedures exist and are applied on stock transactions.
• Negotiating the credit terms with suppliers and controlling suppliers' accounts.
• I was a member of the following committees:
- Company’s ERP upgrade committee.
- Company’s restructuring committee for finance and logistic activities.
- Sales, distribution and collections committee.
Main responsibilities included the following:
• Ensuring the proper keeping of the financial records and ensure proper controls exist and are functioning well.
• Reviewing transactions to ensure compliance with policies and controls.
• Working with banks and other company’s departments for managing the company’s, letters of credit whether outward or inward LCs’ and ensuring the timely follow up and settlement of the LCs’ value.
• Cash flow management and follow up of receivables and collections.
• Weekly, monthly and yearly reporting on the financial results and position of the company.
• Preparing the monthly and annual budgets according to strategies set up by management and submitting it to management and the board of directors for approval.
• Ongoing budget monitoring and measurement of deviations.
• Working with banks for managing the company’s cash, collections and disbursements.
• Working with the external auditors to resolve audit related issues and to ensure the issuance of the company's financial statements in a proper and a timely manner.
• Processing suppliers’ payments after ensuring the integrity and the validity of the balances to be settled.
• Reviewing and ensuring the proper booking of the petty cash and its replenishment.
• Reviewing materials purchase orders before management approval for purchase.
• Preparing monthly payroll, submitting it for management approvals in addition to processing it through bank online system for payment to employees.
• Ensuring the proper monthly and yearly reconciliation of accounts receivable and accounts payable.
• Participating in the periodic or yearly stock count and cash count.
Deloitte is one of the big four accounting firms, Deloitte used to perform audits of the majority of the large companies in Saudi Arabia. During my work with Deloitte I was in charge of the audit of a portfolio of companies that included some of the major company’s in Saudi Arabia were I was responsible for:
• Co-coordinating with the company’s finance team and the finance manager for the preparation and the starting of the audit.
• Putting the audit plan in collaboration with the audit team and the company’s management.
• Making the necessary arrangements for the audit staff to perform the audit.
• Supervising the work of the audit team during the audit. And resolving any work related issue in a proper way by coordinating with the company’s management if needed.
• Assisting the audit team in performing the audit and helping in overcoming any obstacle that the team faces.
• Training junior auditors on applying the audit techniques and the audit procedures.
• Making sure that the audit team work covers all areas of the audit as planned.
• Collecting the completed audit work results from the audit team members and reviewing the procedures performed to ensure the completeness of these procedures.
• Asking the audit team to complete the audit procedures and close the review points if any.
• Making sure of the completeness of the documentation of the audit work in the audit file.
• Reporting to the audit partner with the audit findings and results.
• Discussing the results with the audit partner.
• Preparing the financial statements of the company.
• Preparing the auditor’s report to be signed by the audit partner.
• Submitting the audit file with the company’s financial statements to the audit partner for review and signing.
Below is a list of some of the companies’ audits I was responsible for during my service with Deloitte:
• Advanced Vision Company For Electro-Mechanical Works.
• Saudi Bin Laden Group companies.
• Factory for Assembly of Mechanical and Electrical Works
and other Saudi Bin Laden Group of Companies.
• Food Manufacturing Group Company.
• Schindler Saudi Arabia - Saudi Elevator Co.
• Jamjoom Medical Industries Co.
• Al Hamrani Company for Industry, Al Hamrani Universal Company and other Al Hamrani Group companies.
• Elaf Travel Co. and other SEDCO Group of companies.
• Al Jazira Company For Vehicles
• Abdulatif Jamil and Sons Company - Toyota.
• Saudi Amodi Group of Companies - SADACA.
• Saudi Maritime Services Company.
• Al Shair Company For Fiberglass Industries - Shairco.
Worked for six and a half years in the field of banking and auditing of banking activities in Jordan, main responsibilities was the audit of the bank activities in the head office divisions and branches, which are distributed all over the main cities in Jordan. During my work in the housing bank I was responsible for:
• Co-coordinating with the branch/department to be audited and the audit team for the preparation and the starting of the audit.
• Putting the audit plan in collaboration with the audit team.
• Making the necessary arrangement for the audit staff to perform the audit.
• Supervising the work of the audit team during the audit. And resolving any work related issue in a proper way by coordinating with the branch/department under audit if needed.
• Assisting the audit team in performing the audit and helping in overcoming any obstacle that the team faces.
• Training junior auditors on applying the audit techniques and the audit procedures.
• Making sure that the audit team work covers all areas of the audit as planned.
• Collecting the completed audit work results from the audit team members and reviewing the procedures performed to ensure the completeness of these procedures.
• Asking the audit team to complete the audit procedures and close the review points if any.
• Making sure of the completeness of the documentation of the audit work in the audit file.
• Reporting to the internal audit department head and the Board Chairman with the audit findings and results.
• Discussing the results with the audit partner.
• Preparing the auditor’s report to be signed by the internal audit department head.
• Submitting the audit file to the internal audit department head for review and signing.
Bachelor's degree major Accounting and French Language as a minor.
Graduation after 12 years of studies in the same school since the my first day at school.