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Mahmoud Ikchier, Accounting Manager

Mahmoud Ikchier

Accounting Manager·Public Services Co.,

Kuwait

Bachelor's degree, Economics & Business Admin.

Work experience

Total years of experience: 31 years, 11 months

Accounting Manager

July 2005 - February 2019

Public Services Co.,

Kuwait

July 2005 - February 2019

• Directed all accounting operations for a major
public-sector services company, overseeing a finance
team responsible for general ledger management,
accounts payable, accounts receivable, payroll
processing and bank reconciliations across multiple
cost centres.
• Produced monthly, quarterly and annual financial
statements in full compliance with local regulatory
standards and International Accounting Standards,
ensuring timely submission to senior management and
regulatory bodies.
• Designed and implemented a comprehensive
internal controls framework, establishing segregation
of duties, approval hierarchies and audit trail
requirements that significantly reduced financial risk
and strengthened accountability.
• Led the annual budgeting and multi-year financial
forecasting process, coordinating with all departmental
heads to consolidate operational plans and capital
expenditure requirements into a unified corporate
budget.
• Managed treasury operations including daily cash
flow monitoring, short-term investment of surplus
funds, bank facility management and foreign currency
exposure management to optimise the company's
liquidity position.
• Oversaw the preparation of all statutory filings and
tax returns, ensuring compliance with Kuwait's
regulatory and taxation framework and liaising with
government authorities to resolve queries efficiently.
• Served as the primary point of contact for external
auditors during annual audit engagements,
coordinating the preparation of audit schedules,
responding to auditor queries and ensuring timely
sign-off of audited financial statements.
• Implemented and continuously enhanced the
company's ERP accounting system, leading system
upgrades, training staff on new modules and
automating financial reporting workflows to improve
accuracy and reduce manual processing time.
• Monitored and analysed cost trends, identifying
variances against budget and presenting findings to
executive management with recommendations for
corrective action.
• Maintained fixed asset registers, overseeing the
capitalisation, depreciation and disposal of assets in
accordance with company policy and applicable
accounting standards.
• Reviewed and approved all significant journal
entries, account reconciliations and financial
adjustments, maintaining the highest standards of
financial integrity across all reporting periods.

Company industry:
Other Business Support Services
Job role:
Accounting and Auditing

Finance Manager

May 2002 - May 2005

Conjoint Group Co.,

Kuwait

May 2002 - May 2005

• Directed the full spectrum of financial management
activities for a diversified trading and investment
group, encompassing financial reporting, budgeting,
forecasting, cash management and statutory
compliance.
• Prepared and presented detailed monthly and
annual financial performance reports to the Board and
senior management, providing variance analysis, trend
commentary and actionable strategic
recommendations.
• Managed all banking relationships and negotiated
credit facilities, trade finance instruments and
overdraft lines to ensure the group maintained optimal
financing structures aligned with its working capital
cycle.
• Oversaw accounts payable and receivable functions,
implementing credit control policies and collection
procedures that reduced debtor days and improved
overall cash conversion efficiency.
• Led the development of the annual consolidated
budget, working closely with business unit managers
to challenge assumptions, model scenarios and
produce a financially sound plan approved by the
analysis.
* Maintained flawless
compliance, achieving
consistent audit success
over multiple years.
* Reduced operating
costs and secured
savings through
effective vendor
negotiations. Built and led a high
performing finance
team, providing
training, mentorship,
and supporting career
advancement.

Company industry:
Photography
Job role:
Support Services

Finance & HR Manager

May 1979 - August 1990

Boushahri Croup Co Kut

Ash Shamiyah, Kuwait

May 1979 - August 1990

Group Finance & HR Manager
Boushahri Group Co., Kuwait - May 1979 - August1990
▪ Managed the consolidated finance and human resources functions across a large multi-entity corporate group, providing integrated executive oversight of financial governance, people management and organizational development.
▪ Prepared and presented group-wide consolidated financial statements incorporating all subsidiaries and associate companies, ensuring accuracy, consistency and compliance across all reporting entities.
▪ Developed and enforced group-level financial policies, internal control procedures and governance frameworks that safeguarded corporate assets and ensured full compliance with regulatory requirements.
▪ Led the group's annual budgeting and strategic financial planning process, consolidating subsidiary plans into a group budget and presenting financial projections to the Board of Directors.
▪ Supervised treasury and cash management operations across all group entities, coordinating intercompany funding, managing bank relationships and overseeing foreign currency transactions.
▪ Established and administered comprehensive HR policies and procedures covering the full employee lifecycle, including recruitment and onboarding, job grading, compensation and benefits design, performance
appraisal, training and development, and disciplinary and grievance procedures.
▪ Managed payroll administration for the entire group workforce, ensuring accurate and timely salary disbursement in compliance with Kuwait Labor Law and applicable contractual obligations.
▪ Oversaw the negotiation and administration of employee benefit schemes, insurance programs and end-of-service entitlements, ensuring equitable and compliant treatment of all staff.
▪ Coordinated with legal advisors on employment contracts, commercial agreements and dispute resolution, protecting the group's interests in all contractual and labor matters.
▪ Directed the implementation of ERP and accounting systems across group entities, standardizing chart of accounts, reporting formats and financial processes to improve consolidation efficiency.
▪ Conducted periodic financial reviews of subsidiary performance, identifying underperforming areas and presenting recommendations to Group Executive Management for strategic intervention.

Company industry:
Photography
Job role:
Support Services

Senior Chief Accountant

July 1977 - April 1979

Kuwait Air Conditioning & Contracting Co.

Al Kuwait, Kuwait

July 1977 - April 1979

Kuwait Airconditioning Trading & Contracting Co.

▪ Managed all accounting operations including general ledger maintenance, accounts payable, accounts receivable, inventory accounting and bank reconciliations for a specialist trading and contracting company.
▪ Prepared monthly management accounts and financial statements, delivering timely and accurate reporting to senior management to support operational and commercial decision-making.
▪ Maintained project-based cost accounting records for contracting activities, tracking actual expenditures against project budgets and reporting cost variances with analysis to project managers.
▪ Controlled accounts receivable collections, implementing credit terms and follow-up procedures to minimize outstanding debts and maintain healthy cash flow for the business.
▪ Oversaw inventory valuation and stock reconciliations, ensuring accurate recording of goods received, issued and in-transit in alignment with physical stock counts.
▪ Ensured compliance with all tax and statutory reporting obligations, preparing required filings and coordinating with external auditors to facilitate the annual audit process.
▪ Maintained the fixed asset register and calculated depreciation charges in accordance with applicable accounting standards and company policy.
▪ Managed a small team of accounts clerks, assigning responsibilities, reviewing work output and providing on-the-job guidance to maintain accuracy and meet reporting deadlines.

Company industry:
Airconditioning Plant
Job role:
Support Services

Assistant Chief Accountant

July 1975 - June 1977

Technical Appliances Co. [SHARP]

Al Kuwait, Kuwait

July 1975 - June 1977

▪ Assisted the Accounting Manager in all aspects of financial reporting and accounts management for a consumer electronics distributor, gaining broad exposure to the full range of accounting functions.
▪ Maintained the general ledger, posting journal entries and performing monthly account reconciliations to ensure the completeness and accuracy of financial records.

Company industry:
Household Appliances
Job role:
Support Services

Education

Beirut Arab University

June 1974

June 1974

Bachelor's degree, Economics & Business Admin.

Lebanon

GPA (rating): Good

GPA (rating): Good

During my time at university, I had the privilege of engaging in a wide range of academic, extracurricular, and leadership experiences that collectively shaped both my professional competencies and personal character. semesters. minor in English language, and the combination proved invaluable in developing both analytical thinking and technical problem-solving skills. I was particularly proud of my final-year thesis, in which I designed and Beyond individual coursework, I actively participated in collaborative research. In my third year, I joined a faculty-supervised research group studying the applications of natural language processing in healthcare documentation. Our team published a paper in a peer-reviewed undergraduate journal, and I had the opportunity to present our findings at a regional academic conference. Standing before an audience of professors, graduate students, and industry professionals and defending our methodology was a defining experience that built my confidence in public communication and scientific reasoning. Leadership was another area in which I invested significant energy. I served as President of the Computer Science Student Society for two years, overseeing a team of twelve committee members and managing an annual budget allocated by the university. During my tenure, I organized a series of industry networking events that brought together students and professionals from leading technology companies, providing peers with internship leads and mentorship opportunities that many described as transformative. I also initiated a peer tutoring programmed that matched high-achieving students with those struggling in core modules — a scheme that grew from twelve participants in its first semester to over ninety within a year. Professionally, I secured a competitive summer internship at a software development firm after my second year, where I contributed to the development of a client-facing data analytics dashboard. The experience introduced me to agile working environments and industry-standard coding practices that complemented my theoretical knowledge. Following the internship, I was invited to return as a part-time consultant during the academic year, which required careful time management but provided exceptional real-world exposure. I also pursued personal development Community engagement remained a priority throughout my studies. I volunteered weekly at a local school, teaching basic coding concepts to secondary students as part of a digital literacy initiative. In summary, my university years were defined by a commitment to academic excellence, meaningful research contribution, servant leadership, and community involvement — experiences that I carry forward with pride and purpose.

Skills

Team Leadership
Expert
Team Leadership
Expert
Cooperative
Expert
Cooperative
Expert
Critical Thinking
Expert
Critical Thinking
Expert
Decision Making
Expert
Decision Making
Expert
Team Spirit
Expert
Team Spirit
Expert
ACCOUNTING
Intermediate
ACCOUNTING
Intermediate
AUDITING
Intermediate
AUDITING
Intermediate
BUDGETING
Intermediate
BUDGETING
Intermediate
CASH FLOW ANALYSIS
Intermediate
CASH FLOW ANALYSIS
Intermediate
COORDINATING
Intermediate
COORDINATING
Intermediate
FINANCE
Intermediate
FINANCE
Intermediate
FINANCIAL ANALYSIS
Intermediate
FINANCIAL ANALYSIS
Intermediate
FORECASTING
Intermediate
FORECASTING
Intermediate
INTERNAL CONTROLS
Intermediate
INTERNAL CONTROLS
Intermediate
TREASURY MANAGEMENT
Intermediate
TREASURY MANAGEMENT
Intermediate

Languages

Arabic
Native Speaker
English
Expert

Training and Certifications

Certifications
Kuwaiti private license
ABA Review Course
CMA Review Course
CFC Review Course