Senior Associate
Deloitte
Total des années d'expérience :12 years, 5 Mois
Ensure execution of the day-to-day bookkeeping and other accounting work for the clients (i.e., preparing vouchers of all the daily financial
transactions, bills, invoices, payment, receivables and entering them in ERP)
Responsible for reviewing and ensuring timely and accurate accounting entries for clients.
Review accounting controls to ensure that they are maintained by following policies and procedures complying with regional legal
requirements.
Understanding of VAT domestic laws and elements of the VAT return.
Codification and classification of the transaction and understanding of post-filing activities.
Review of VAT returns prepared by the Business Analyst/Associate.
Review collation and processing of Payroll & Claims pay-outs by the Business Analyst/Associate.
Ensure monthly maintenance of payroll schedules and updating of HR requests from clients.
Supports the smooth and efficient running of the relevant department.
Interaction with banks and reconciles primary and subsidiary bank accounts.
Review of Documents/Vouchers & acknowledgments of payment.
Review of Management Reports prepared by the Business Analyst/Associate
Ensure that the team renders quality tax services to businesses
Review ZATCA response to queries for assessment and inspection requirements.
Advise management on inquiries related to Zakat and Tax.
Manage all matters relating to Tax advisory and compliance across the Group.
Support in the management of tax audits.
Review Tax returns (corporate tax, VAT, WHT, etc.) prepared by the local finance team.
Responsible for compliance with the tax regulations including VAT, Withholding Tax, Zakat
Managing VAT audits by the Tax Authority, preparing responses for the queries raised by the tax authority ZATCA
Review monthly and annual Withholding Tax returns.
Maintain tax balances on general ledger
Review of the accounting process and recommendation of the necessary changes in models with regard to taxation perspective.
Accounting:
- Establishing the accounting function,
- preparing the finance processes,
- supporting the ongoing accounting operation as IPSAS. Work included:
1- setup IPSAS chart of accounts,
2- List of various dimensions (Budget codes, Organization codes, Location codes, Revenue Category as IPSAS 23, Expense Category),
- Accounting Report templates,
- Management Reports template,
- Build an Accounting & Finance calendar,
- Assist with finalizing the Budget presentation,
- Assist in preparing Budget Forms and Templates,
- Support in preparing the Budget report template,
- help in the implementation of the ERP system,
- preparing process flows for different accounting and finance procedures,
- advising on the accounting treatment of complex transactions,
- Reviewing the client accounting team accounting entries,
- Reviewing monthly reporting to the management.
Tax Compliance:
- Review Tax returns (ZAKAT, VAT, WHT, etc.) prepared by the finance teams
- Assist in the preparation of Request WHT certificates where needed
Tax Advisory:
- (in coordination with Corporate Tax team) Answer ad-hoc queries on business flows, transactions, and projects (WHT, VAT, etc.)
- Provide proactive and pragmatic tax advice to any department confronted with tax matters such as Contracts, Bids, Customer Service,
Manufacturing, or Trade Compliance teams
Tax Audits:
- Manage tax audits and information requests from tax authorities
Prepared, led, and managed over 200 engagements
Sales increased by 15% and reduce bad debts
Monitored accounts with 150+ suppliers, respond to payment inquiries, and investigate pricing discrepancies
Managed payroll function for 200 employees
Managed over 20 different assets and calculated the accompanying depreciation for each active asset
Assessed the organization's yearly budget and helped maintain the focus on quarterly budget goals with spending and cost reports
Developed and implemented effective accounting systems.
Set up and improved accounting systems and processes to meet business needs and maximize operational success.
Approved wire transfers and cash memos worth $50, 000
Monitored accounts with 150+ suppliers, respond to payment inquiries and investigate pricing discrepancies
Achieved commendable performance by leading the business unit to almost 200% return on net assets
Created a financial report within a 5-person finance team
Supervise, coach and assist a team of 8 inspired professionals
We started with 6-person team, then later expanded to 11 to meet with market demand and clients' expectation
Approved wire transfers and cash memos worth $50, 000
3 way matched purchase order, inventory receipt and vendor invoice
Managed local accounts payable and 100% paid all payable before due dates
Managed a portfolio of 15 clients with pending payments
