Senior Consultant - Financial Accounting and Advisory Services (FAAS)
Andersen in Saudi Arabia
Total years of experience :12 years, 1 Months
Cash to Accrual (C2A) conversions of public sector entities in Saudi Arabia in accordance with IPSAS standards and manual/requirements of the Ministry of Finance to achieve one of the goals of the Kingdom’s Vision 2030
Overseeing all financial activities, ensuring accurate financial reporting, effective budgeting and forecasting, compliance with relevant regulations and risk management.
Furniture Land Company is a Subsidiary of Morood Investment Company, founded in 2017 with the purpose of Furniture and Home Furnishings Manufacturing. The showrooms import the best to the Saudi market which offers high-quality yet unique styles and professional interiors designs.
Core Responsibilities:
Finance and accounting:
• Ensuring books are accurate, reconciled for the month and year-end closing processes.
• Manage, track and evaluate finance and accounts activities: fixed assets, ACs Payable, ACs Receivables, General ACs, payroll, revenue, tax, provisions, prepayments and accruals adjustments.
• Ensure that all payments, contracts, accruals, and related transactions are timely recorded in accordance with contractual terms and conditions, internal and statutory controls.
Budgeting/Forecasting/Financial Planning and Analysis:
• Work closely with business stakeholders on key financial planning activities/ annual budget.
• Analyses revenues/cost/cash management to ensure all operations/OpEx/ CaPx are within budget.
• Cash flow forecasts by consolidating information from banks, expected receipts, scheduled payments to suppliers and administration expenses. / Optimize the use of funds for operation.
Financial Reporting:
• Ensure timely and accurate periodic management financial reports / segment reporting
• Prepare and analyze monthly and year-end financial statements, including income statements, balance sheets and cash flow statements. / Participate in group consolidated financial statements.
• Handling of ad-hoc queries/reports for relevant multiple stakeholders.
Audit / Taxes / Compliance:
• Ensure timely submission and proper settlement of Tax Returns / Zakat / WHT / VAT.
• Coordinates with external auditors i.e., one of Big 4 for Annual Audit to ensure timely completion.
• Ensure Adherence/Compliance with accounting standards, regulations, policies and procedures.
• Interacting with/ Answering queries of the third parties e.g., ZATCA, Advisors, Regulators, banks, other departments.
Working capital management:
• Supervise Settlement/billing process according to the delivery notes, POs and contractual terms.
• Accurate, reconciled record of outstanding AP and AR. | Inventory valuation and Aging analysis.
Supervise day-to-day finance and accounts operations in accordance with approved operating procedures and policies.
Morood Investment Company (founded in 2012) is a multi-family office that was created to bring world-class portfolio management and wealth advisory to ultra high net worth individuals and families in the Kingdom of Saudi Arabia. With deep industry expertise, best-in-class partnerships and global investment opportunities, our multi-asset class investment platform aims to add value for our clients every step of the way.
Core Responsibilities:
• Handling overall reporting and accounting activities for 4 entities of Morood Investment company’s Subsidiaries: (Furniture Land Co./Osool Entertainment co./Morood Trading co./Defaat Alriyadh co)
• Financial Reporting, Financial Statements and ensuring VAT, WHT and tax compliance.
• Responsible for the reconciliation and consolidation of inter-company accounts.
Spectra TE (founded in 2008) is one of the most popular providers of Data Cabinets, Fiber Optic Patch cored, electrical product, FTTH products and solutions for one stop services optical communication networks. Our Products are widely used by telecommunications and cable service providers to deploy advanced networks for video, voice and other data services with high data transmission rates from 100Mbps to 10Gbps and low costs passive products.
Core Responsibilities:
• Manage and oversee day-to-day finance and accounting operations including financial Reporting, GL, AP, AR, billing, Payroll, cost centers, Fixed Assets, Right of Use Asset, WIP, provisions, prepayments and accruals adjustments.
• Check, verify and authorize invoice payment instructions to suppliers and customers.
• Prepare Annual Budget and Forecasting/maintenance costs and expenditures within the budget.
• Tracking Budget Performance with Variance Analysis/reports on significant variances.
• Presentations and reports for stakeholders periodically (and as when required).
• Close cooperation with the Operations team and management to improve operational efficiency
• Coordinating audit processes (internal and external).
• Audit accounts to ensure compliance with standards and regulations.
• Review Payroll inputs for variables additions/deductions to ensure accuracy and timely processing.
• AR & AP Management, review related aging weekly with the sales and procurement team.
• Review local/ foreign payments before processing to ensure accuracy and adherence to relevant agreements and procedures / approve transactions within designated limits.
• Manage the relationship with banks by arranging bank documents, payments, LCs, and LGs.
AL-Raghad Telecom Factory Company is manufacture and assembly cabinets for fiber optic cables, communications shelves for cables and distribution points terminal structures, connectors, tires and circles Electronic Medical connect plastic compound.
Core Responsibilities:
• Managing the day-to-day accounting operations including Billing, AR, AP, GL, Cost Accounting, Inventory Accounting, and Revenue Recognition.
CMAU.S (Certified Management Accountant) Key Major: Financial Planning, Performance, Analytics, and Strategic Financial Management.