Masumali Saiyed

• Managing month-end and year-end closing processes.
• Analyzing financial data to prepare comprehensive financial statements and reports.
• Overseeing the complete cycle of Accounts Payable and Receivable, General Ledger, and Cash management.
• Assisting with the annual budgeting process and financial forecasting.
• Conducting in-depth financial analysis of operational expenses to drive informed decision-making.
• Reviewing and managing fixed asset transactions, including additions, deletions, and depreciation schedules.
• Monitoring prepayments, accruals, and provisions to enhance financial reporting accuracy and compliance.
• Reviewing and filling VAT return as per KSA VAT Law.
• Oversee payroll cycle.
• Completing financial audit by coordinating with external auditors.

• Executed comprehensive financial closing activities for month-end,
quarter-end, and year-end to ensure accuracy and compliance.
• Prepared detailed Profit & Loss statements, Balance Sheets, and Cash
Flow reports for strategic decision-making.
• Managed accounts receivable processes, including billings, collections,
and revenue recognition, to enhance cash flow.
• Oversaw complete accounts payable cycle to ensure timely payments
and maintain vendor relationships.
• Administered Bank Facilities, Import Letters of Credit, Bank Loans, and
LC Refinancing to optimize financial resources.
• Contributed to the preparation of annual budgets, forecasts and
business plan.
• Produced monthly variance reports with narratives.
• Reviewed and managed fixed assets, including additions, deletions, and
periodic depreciation assessments.
• Developed cost working analysis for successful Aramco project bids.
• Successfully completed IKTVA audit and uploaded survey data onto the official IKTVA portal.
• Cash, Bank, and general ledger reconciliations.
• Prepared & submitted monthly VAT return as per KSA VAT Law.
• Conducted Intercompany Reconciliation.
• Facilitated external and internal audits

• Oversaw comprehensive accounts payable operations, including
Transportation, Labor charges, Professional fees, and Hire charges.
• Ensured accuracy in coding for purchase, cash, bank, and financial
transactions, achieving a zero-error rate.
• Verified payable invoices and coordinated with officials to release
payment on time.
• Administered payroll for 100+ employees, managing taxes, time off,
allowances, deductions, and benefits efficiently.
• Conducted thorough reconciliations of cash, bank, and general ledgers,
enhancing financial accuracy.
• Visited ongoing sites and verified weekly operation expenses.
• Submitted TDS (Tax deducted at source) returns under various sections.
• Assisted financial audits by collaborating with various coworkers.

• Posted accounting and financial transactions with efficiency and
accuracy.
• Managed payables, receivables, and general ledgers.
• Reconciled bank and petty cash.
• Assisted in preparation of VAT, TDS, Service Tax, and Excise.