Majed AlKhudari - CIA, Finance Manager

Majed AlKhudari - CIA

Finance Manager

Saudi Tianyuan for Food Industries LLC

Location
Saudi Arabia - Jeddah
Education
Bachelor's degree, Certified Internal Auditor - CIA
Experience
14 years, 0 months

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Work Experience

Total years of experience :14 years, 0 months

Finance Manager at Saudi Tianyuan for Food Industries LLC
  • Saudi Arabia - Jeddah
  • My current job since January 2021

• Maintain Monthly Trial Balance.
• Prepare Financial Statements Monthly Basis according to IFRS.
• Prepare Management and Financial Reports.
• Prepare VAT return.
• Manage the preparation of the company’s budget.
• Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
• Monitoring and interpreting cash flows and predicting future trends.
• Conduct reviews and evaluations for cost-reduction opportunities.
• Liaise with auditors to ensure appropriate monitoring of company finances is maintained.
• Collaborate with Banks to handle all routine banking operations and ensure their smooth execution.

Senior Accountant & VAT Specialist at Fine Hygienic Holding
  • Saudi Arabia - Jeddah
  • February 2011 to December 2020

• Prepare bank accounts reconciliation.
• Review petty cash and verifying documentation and approvals.
• Matching accounts receivable & sales sub ledger with general ledger.
• Prepare bad debts provision ECL.
• Matching payable accounts sub ledger with general ledger.
• Prepare adding and disposal fixed assets.
• Prepare and post month- end depreciation of fixed assets.
• Prepare and post month-end accrual and prepaid entries.
• Prepare Lease entries.
• Prepare and post the actuary valuation for provision of end of service.
• Analyze expenses accounts, as required.
• Review representative & supervisors sales commissions' calculation.
• Prepare VAT return.
• Prepare of withholding tax return.

External Auditor at Talal Abu Ghazaleh Organization
  • Saudi Arabia - Jeddah
  • March 2010 to February 2011

• Understanding the client’s business, control environment and accounting process.
• Performing preliminary analytical procedures to identify unusual or unexpected balances and relationships.
• Evaluating client's internal controls, developing the important substantive tests procedures, test of details, performing statistical sampling for testing, evaluating balances and transactions.
• Preparation of financial statements consolidated financial statements, related notes, auditor's report and management letter points.
• Evaluated, developed and recommended changes in accounting policies and procedures.
• Ensure that the client’s transactions are met with zakat, income tax and other regulations.
• Preparation of Zakat.

Education

Bachelor's degree, Certified Internal Auditor - CIA
  • at The Institute of Internal Auditors – USA
  • May 2015
Bachelor's degree, Accounting & Auditing
  • at Misr University for Science and Technology
  • January 2009

Languages

Arabic
Expert
English
Expert

Training and Certifications

Certified Internal Auditor - CIA (Certificate)
Date Attended:
May 2017
International Financial Reporting Standards IFRS (Training)
Training Institute:
King Abdul-Aziz University
Date Attended:
September 2017
Duration:
16 hours
Value Added Tax - VAT (Training)
Training Institute:
Price water house Coopers - PWC
Date Attended:
November 2017
Duration:
16 hours

Hobbies

  • Watching movies
  • Reading
  • Swimming