Chief Accountant
Saudi technology & equipment co
Total years of experience :24 years, 3 Months
Developing reports for the top management, summarizing the company’s financial status in various business aspects and coordinating the preparation of tactical plans, financial forecasts, and budgets.
•Develop, maintain, and analyse budgets, preparing periodic reports that compare budgeted costs to actual costs, evaluating the feedback on the variance which help to take early correction action, performance evaluation, and ensuring that future operation will be as planned.
•Analyse financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget.
•Responds to management inquiries regarding financial results, special reporting to assess to achieve the company's strategic objective and operational goals.
•Finalizing the books of accounts by preparing the Profit & Loss A/C, Balance Sheet in compliance with IFRS standards.
•Coordinates, monitor & support monthly closing process.
•Prepare consolidated financial statements on quarterly basis.
•Play as key person to external audit team during end of your audit fields work to ensure a clean and timely year end closing.
•Provide internal and external auditing services for businesses and individuals.
•Forecast cash flow positions, and related borrowing needs, as a part of the master budget.
•Maintain banking relationship and determine the related facilities.
The viability of the health care system depends on the financial soundness of the hospitals, which represent the basis of the system.
Job Description:-
•Prepare, examine and analyse accounting records, financial statements and other financial reports to assess accuracy, completeness and conformance to reporting and procedure standards.
• Ensure compliance with financial rules and regulations.
•Monitors compliance with generally accepted accounting principles (GAAP) and company procedures.
•Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
•Gathering and analyzing financial information for internal use .
•Researches and analyses of new accounting matters.
•Evaluates current accounting practices and procedures and drives continuous improvement.
•Ensures integrity of all financial information.
•Coordinates, monitor & support monthly closing process.
•Develops and implements various accounting procedures.
•Works with both internal and external auditors during financial and operational audits
•Review the monthly budgeted cash flows and test estimates for reliability & probability.
•Supervises, directs, and reviews the work of the accounting staff (including, but not limited to, cash reconciliations, bank account statement reconciliations, check runs, accounts receivable transactions, fixed asset activity, payroll, accounts payable transactions, debt activity, recording of revenue and expenses, etc.).
•Cash management (including placement/movement of funds in various banks).
•Maintains organized set of detailed records and files to document financial transactions.
•Reviews general ledger on a monthly basis to ensure accuracy of posting.
•Responds to management inquiries regarding financial results, special reporting.
•Play as key person to external audit team during end of your audit fields work to ensure a clean and timely year end closing.
Establish tables of accounts, and assign entries to proper job order account.
•Reconciliation of bank statement, customer outstanding & supplier outstanding
•Maintaining track of daily Cash Collection.
•Preparing Receivables statement and reviewing the performance of Collection department.
•Preparing the monthly Payable report, prioritizing and recommending for payments after reviewing the credit term and approval from the concerned divisions.
•Handling of Accounts Receivables and Payables
•Reconciliation of inter companies accounts every month.
•Assist with providing financial information and documentation for internal and external audit purposes.
Participate in the below tasks with accounting team
•Prepare daily entries, and monthly expenses.
•Prepare Fixed Assets acquisitions and depreciation entries and control of assets register.
•Prepare bank transfers and bank reconciliation on monthly basis.
•Prepare suppliers reconciliations on monthly basis and control payments with respect to liquidity.
•Prepare break down analysis for all present balances on quarterly basis.
•Prepare payroll in accordance to attendance reports and proceeds with employee’s salaries bank transfer.
•Participate in the preparation of financial statement at year end and its adequate disclosures.
courses: Course Work •IFRS course, instructed by IPA 2009. •Intensive CMA courses.