Chief Accountant
salem balhamer Holding
Total years of experience :18 years, 0 Months
Manages the accounting services function of a plant including general and cost accounting, payables/receivables and payroll.
Ensures the plant's accounting processes and systems comply with company policies, applicable regulations, and provide required information.
Responsible for the preparation of financial, production output, and other reports used to measure and control plant activities and costs.
Typically reports to top management. Manages subordinate staff in the day-to-day performance of their jobs.
Ensures that project/department milestones/goals are met and adhering to approved budgets.
- Plans, organizes and implements accounting operations and objectives; coordinates and
integrates all activities toward achievement of established goals and objectives.
• Supervises, trains and evaluates accounting professionals, and entry level accounting and
support staff.
• Ensures all functions and programs under charge are performed within established budgetary
parameters, to include performing cost control activities, monitoring revenues and expenditures,
and ensuring sound fiscal control.
• Performs highly complex accounting work according to generally accepted accounting
principles, established procedures, departmental guidelines, and regulatory requirements
applicable to the work.
• Prepares critical fiscal documentation regarding accounting activities, e.g., weekly, monthly
and annual reports, draft and revised codes and ordinances.
• Generates various complex system reports or audits calculations and ensures accuracy, e.g.,
billing, payroll processing, and accounts payable.
• Maintains and reconciles balance sheet accounts for all funds with assistance from accounting
support personnel.
• Plans, manages, coordinates, and implements the year end closing processes and
procedures for the assigned accounting records; conducts year-end closing process; provides
information to financial auditors; conducts standard internal audits of various accounting
records.
• Prepares budget forms for distribution at the beginning of the budget process; prepares fund
summaries.
• Ensures adherence to generally accepted accounting standards and principles; ensures
maintenance of proper audit trails and verification and reconciliation actions for all processed
work.
• Evaluates receipts, expenditure forms, purchase orders, distributions, and disbursement
orders for the purpose of ensuring compliance with established regulatory standards.
• Performs verification and reconciliation tasks for invoices/receipts/balances according to
department checks and balances procedures.
• Prepares a variety of studies, reports and related information for decision-making purposes.
• Provides technical accounting support and interpretation to management and employees.
• Attends and represents department at various executive meetings for the dissemination of
information; prepares management meetings for dissemination of information; serves as a
member of various employee committees.
• Coordinates activities with other departments and work groups as needed.
• Performs related duties as directed.
AZAQ Holding Group, Senior Accountant at GNS, Subsidairy Co ( Dammam - KSA)
From : 09 Nov 2014 to Current Date
Responsibilities:
Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, forecasting,
budgeting.
Responsible for day to day finance and accounts operations.
Perform full set of accounts and ensure timely closing of accounts.
Perform project cost forecasts/budgets, cost tracking, monitoring and controls.
Responsible for timely monthly consolidated financial statements, payments, cash-flow.
Management reporting for submission to HQ in Dammam
Review & approve payment vouchers & journal entries
Perform cash flow forecasting, budgeting and working closely with the operations and project
teams in analyzing margins, variances and cost analysis.
Issue project cost reports for review and approval.
Develop and maintain internal control and effective accounting system and policies for the set up.
Support CFO in ensuring that intercompany cost allocations are in line with management
agreements and transfer pricing policy
Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns
Work consultatively with the respective departments on cost reduction initiatives
Internal Auditor
RHM for Pipe Line Construction - (Contracting and trading )- KSA-AL Khobar City
Job Describtion :
1-reviews the monthly draft updates provided by the various project teams for the MPU (Monthly Project Update),
2- BISR (Budget Item Summary Report), PPU (Project Planning Update), PBISR (Proposal Budget Item Summary Report) .
3- Checks the Cost Rackups for each JOs under each BIs of each Division as necessary.
4-Checks all BIs / JOs Expenditure Forecast / Cashflows for the project.
5-Supports the preparation of the MIS (Management Information System) & Report of our Division.
6-Updates the NDE (Net Direct Expenditures) including labor, material, invoices, manpower, including capital expenditures, GES manhours expended.
7-Reviews and verifies the correctness of the Monthly Contractor’s Construction Progress Report as basis for their invoices.
8-Ensures the validity of invoice cost breakdown (Design, Materials and Labor) to be entered in creating the Release Purchase Orders (POs) and Service Entry Sheets of each invoice . Supports the individual project teams for all Contractor invoices (GES, Construction and Miscellaneous) for payments charged to the projects or NDE.
9-Reviews the final preparation of the SMP Manhours Allocation Report charged to projects. Reviews and finalized the PMT Redistributed Labor charged to projects.
10-Reviews and verifies the correctness of employee’s Expense Reports and Payment Authorization forms being prepared.
11- Prepares the summary Invoice Accruals of the Project.
12- Ensures that the Journal Entry - Correction of Accounting Charges in WBS are prepared in order to transfer incorrect charges to the appropriate charge account numbers as required. Ensures the accuracy of the Transfer of Material/Charges forms in order to transfer material charges to the appropriate charge account numbers as required. Assists employees in the department on all cost related matters. Prepares other reports / inputs needed by the Department as required.
Main Job Functions
• Develop & implement the standard costing system.
• Incorporate Bill of Material (BOM) in system based on the information provided by Production Department.
• Review & updated BOM periodically for changes in consultation with Production Department.
• Review & monitor production orders made at different production stages for verification as per BOM and variance should be investigated immediately.
• Close production orders in timely basis.
• Keep track of raw material price changes.
• Maintain proper job order / standard costing system.
• Manage timely monthly closing and reporting process related to manufacturing accounting and costing.
• Ensure that inventories are accurately valued.
• Coordinate with production department for an effective cycle count program to ensure accuracy of perpetual inventories.
• Plan, coordinate and lead periodic physical count of inventory.
• Conduct slow moving and obsolete inventory analysis and recommend provision in compliance with the company policy.
• Establish re-order levels and economic order quantity (EOQ) for key raw materials.
• Ensure to keep optimum inventory levels for effective working capital management.
• Closely monitor the Actual waste of materials & report any major variance immediately.
• Provide Financial analysis and insight into the following areas:
o Product Costs
o Product Gross Margin
o Customer Gross Margin
o Operational Costs (Labors & Overhead)
o Materials Variances (Quantity, Usage and Price)
o Capacity Utilization
o Operational Cost Variances
o Fixed and Variable cost analysis for break even point
• Work with Finance Manager to support the preparation of annual operating budget of the company.
• Work with Sales / Marketing department to provide accurate financial analysis for pricing of different products.
• Work closely with I.T. Department to ensure effective costing system
Professional experience
EVYAP Egypt for soap industries and personal care products detergents, 11OF feb.2006 to 31.jan.2009
Responsibilities
Handling all banks treatments include the following:
Daily bank transactions (deposits, cash withdrawals, checks & transfers).
Stock controlling for the following items:
the transfers between warehouses
outputs of raw materials from warehouse to production
outputs of finished goods from warehouse to production
inputs from production (finished goods) to warehouse
Inputs from production (raw materials) to warehouse.
Cycles access & deficit
Promotion issues
Reconciliations between book balances & physical inventory.
Preparing sales orders on logo system
Issuing sales invoices on logo system
Sending the sales invoices to the sales areas managers.
Preparing the monthly sheet of payroll.
Preparing all the required legal books (Evyap Egypt & trading)
Preparing the quarterly withhold tax return
Handling all Evyap trading accounts
Preparing monthly sales tax return for Evyap trading
Foreign purchases & imported shipments of raw materials E.egypt & trading
Foreign suppliers of raw materials
Custom clearance accounts for import & export
Shipping, offloading & transportation accounts for import & export
Clearance & shipping suppliers accounts
Following up Custom certificates “form 13 “for exported shipments
Controlling accounts of Drawback & Samah Moakat & all related reconciliation
Deposits (Amanat) of custom duties & sales tax for imported Letters of Guarantee issued to custom authority & all related refund accounts
Supervising all the trading company accounts
