Chief Accounting Officer
Sanabel Grupo Industrial
Total years of experience :17 years, 10 Months
Monitoring ledger entries & confirms that they are well entered & follows the generally accepted accounting principles.
Controls & confirms that all third party accounts are well maintained, reconciled & solving any discrepancies that may appear
Costing of imported & locally purchased items.
Costing of Manufactured items
Payroll confirmation & solving discrepancies
Management of fixed assets accounting & confirming all are well entered & depreciated properly
Confirming & controlling multicurrency entries.
Confirming that operations & related accounting procedures are following accepted principles from side of approvals, confirmations, & documentation
Preparation of reports as per management requests (Income Statement, Balance Sheet, Cash Flow, … etc.)
1. Cash & Financial management of offshore factories (Biscuits, Cartons, & Plastics)
Ensure & monitor that accepted accounting & auditing principles are followed, evaluate the adequacy & effectiveness of internal accounting procedures and operating systems & controls.
Checking of suppliers & vendors invoices/bills and arrange payment accordingly.
Maintain & preparing all kind of voucher, cash book, bill register, general ledger, and different registers related to finance & accounts.
Ensure all types of transactions are recorded and effectively maintaining the internal controls through data base and transactions evidences as well are following SOP's.
Prepare & organize reconciliation of bank accounts and general cash, declaration of treasury position and controls
Fixed assets accounting includes monthly depreciation, fixed register & management.
Controls A/P & A/R, the reconciliation, balance confirmation, aging & legal procedures.
2. Costing & Inventory
Landed costing & inventory accounting of imported and local trading raw materials.
Ensure that all costs related to the shipment are included in the landing costs and recorded in the book.
Documentation all regards to costing & inventory accounting
Controls of semi finished & finished goods production capacity as well as the consumption of raw materials, and the comparison among them
Performance evaluation.
3. Financial Reporting
Preparation of Weekly, monthly, quarterly, and annually various financial reports.
Preparation of Income statement, balance sheet, and cash flow statements.
Comparative financial statements & analysis (Working capital, quick ratio, liquidity ratio, ...)
Ensures timely financial reporting.
Main Achievements:
Implementing the system of remote management of accounting cycle, and designing the necessary reports for financial data control.
1. Controls and prepares assets, liabilities, revenues and expenses entries
2. Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions; resolving discrepancies
3. Reconciles A/P & A/R and resolve any discrepancies
4. Controls on time payments and clients collections
5. Controls the reconciliation of intercompany and banks
6. Controls daily production capacity, comparing it to raw materials consumption and verifies all types of production errors.
7. Prepares monthly costing sheets and follow the production losses on daily basis.
8. Prepares financial statements & produce different analysis of financial reports
Main Achievements:
Start using the conception of unit costing & share per unit
Implementing the conception of production plans & as a result a raw materials import plan.
Organizing the team work of accounts department & their relations with other departments
1. Daily processing of incoming mail, coding and input AP activity in accounting system.
2. Preparation of weekly check runs.
3. Monthly close of A/P function.
4. Work with vendors to resolve invoice and/or payment problems.
5. Expense reports.
6. Creation and delivery of semi-monthly invoicing along with required support.
7. Responsible for collection of outstanding receivables.
8. Process collected cash in accounting system.
9. Experience with multiple currencies.
10. Controlling the monthly adjustment entries (Change in inventory, prepaid expenses, and depreciation accounts)
11. Shares in the recruiting system of new employees in Accounts and Finance Department.
12. Provide guidance to direct reporting staff in the development, analysis and preparation of reports in line with the established policies and procedures, review accounting reports for accuracy and completeness.
13. Supervise the analysis, summarization and maintenance of general ledger accounts and develop the chart of accounts for the entity.
14. Maintaining productive relationships with all assigned clients to resolve any queries or issues as they arise.
15. Analyzing and interpreting the range of data supplied by clients and, resolving the matter in the most appropriate manner
16. Preparing closing entries of the accounting cycle.
17. Costing of overseas received goods.
18. Preparing payroll and social security taxes reports.
19. Preparing financial statements (Income statement, cash flow statement, and balance sheet).
Main Achievements:
Illustrating financial data through financial analysis especially for working capital, current & liquid ratios, ROI, & ROE
Consolidation of Financial statements.
Widening the banking operations and minimizing cash transactions.
Preparing contracts with local suppliers to make operations more restricted and clear from all sideways; products supply, payments, discounts, ... etc.
1. Monitoring all the financial papers of the company like balance sheets, client’s debts, and suppliers.
2. Preparing the daily ledger of the company and monitoring the liquidity either in banks and cash box.
3. Responsible to distribute cash over employees.
4. Monitoring the working team and produce the weekly reports about their efficiency in work.
5. Distributing the monthly profits over the stockholders in a limited liability company.
6. Making Statistical analysis of the financial situation of the company, its profit development or fallback and the reason behind all that.
7. Sharing in the ordering system (procurement of fuel, equipment, and other materials).
8. Data entry (customers, suppliers, …).
Main Achievements:
Implementing an accounting system that suites the current company situation.
Organize the procedures followed and financial data collection.