Mohammed Kudaih, Accounts Manager

Mohammed Kudaih

Accounts Manager

Wisam Fatayerji Comm. Org.

Location
Saudi Arabia - Jeddah
Education
Higher diploma, ACPA – Arab Certified Professional Accountant
Experience
20 years, 1 Months

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Work Experience

Total years of experience :20 years, 1 Months

Accounts Manager at Wisam Fatayerji Comm. Org.
  • Saudi Arabia - Jeddah
  • My current job since January 2016

1- Managing the accounts all over Saudi Arabia branches.
2- Manage and Assist in the development and implementation of goals, policies, priorities, and procedures relating to financial management, budget, accounting and payroll.
3- Supervises and participates in the preparation of various financial statements and reports.
4- Directs the installation and maintenance of accounting records to show receipts and expenditures.
5- Directs the maintenance of general and subsidiary ledgers, accounts receivable, revenue distribution, depreciation, cost, property, and operating expenses, and insurance records.
6- Directs and participates in cost analyses and rate studies.
7- Prepares statements and reports of estimated future costs and revenues (Preparing Budget & Cash budget plan).
8- Directs internal audits involving review of accounting and administrative controls.
9- Establishes system controls for new financial systems and develops procedures to improve existing systems.
10- Coordinates preparation of external audit materials and external financial reporting.
11- Reviews financial statements with management personnel.
12- Directs the installation and maintenance of new accounting, timekeeping, payroll, inventory, property, fixed assets and other related procedures and controls.

Chief Accountant at Mohammed Yosif Naghi Group - Hajj & Umrah Division
  • Saudi Arabia - Jeddah
  • March 2005 to January 2016

Designation Chronology:
• March 2005 - January 2010 : Accountant.
• Since January 2010: Chief Accountant.

Joined the organization as an Accountant and moved up the career hierarchy and merited promotion to the position of Chief Accountant, through exceptional performance.

Chief Accountant
Jan 2010 - Present

Highlights:
• Demonstrated strong accounting knowledge while administering various functions of finance like preparation of financial statements, reconciliations of ledger accounts, budgeting, forecasting, generated various analytical reports etc. and routinely updated seniors regarding the financial statues of the organization.
• Proficiently managed all facets of day-to-day general administration of the organization like implement and monitor support services, facilitate communications, securing approvals, arranging transportation, negotiating contracts, etc., and thus assist the senior management to optimize organizational resources.

Overall Responsibilities :

Finance:
• Managing entire spectrum of all accounting functions e.g. preparing entries, general ledger postings, formulating financial statements, bank reconciliations and maintaining and updating accurate financial databases.
• Examining and analyzing accounting records, financial statements, and other financial reports to verify accurateness, totality, and adherence to organizational/legal/regulatory standards & procedures.
• Facilitating payments to ageing creditors and supplementing such payments with requisite documents/approvals of authorized personnel devising a meticulous follow-up to receive timely payments from debtors.
• Recording and updating systems for pay roll - registering staff advances/loans, vacation adjustment/compensation, overtime, salaries raises/allowances, administering social security “GOSI” for employees, travel agencies, tickets and ensuring smooth disbursement of staff salaries and other obligations.
• Administering banking transactions by optimizing bank websites to execute various banking operations resolving bank fee anomalies etc. and formulating accurate bank reconciliation statements.
• Scrutinizing KPI’s and analyzing trends which involve implementing financial index of acceptable performance and comparison of actual results to assigned budget along with rectification measures.

Administrative :
• Managing other routine transactions of the organization like handling all the activities related to medical insurance for the entire organization, supervising constructions of organization’s branch offices, setting of up networks etc.
• Performing entire gamut of operations for Umrah system and organizing a detailed schedule of training of procedures for organizations internal operations.

Operations:
• Proficiently managing all the arrangements for pilgrims like accommodation, and organizing detailed schedule of operations of hotels for pilgrims like arranging hotel reservation and coordinating all the financial operations related to hotel.
• Negotiating pricing effectively with car rental companies and formulating contracts with them and others like hotels, transportation companies, luggage shipping companies and devising a strategy in the best financial interest of the organization.
• Facilitating reservations and bookings for airlines/rental cars/hotels for supervisors/managers, managing any modification in such bookings, and resolving any issues arising out of such transactions.


Accountant
March 2005 - January 2010

Highlights:
• Monthly Closing & Financial Reports - Banks (Reconciliation, Loans, Letter Guaranties) - Accounts Payable Control - Accounts Receivable - Income Audit - Paymaster & Staff Cost - HotelsCosting - Purchasing Control.

Accounting Manager at 16 Hundred Prime Steak Resturant
  • Saudi Arabia - Jeddah
  • January 2010 to January 2011

Key Responsibilities
• Planned and formulated organizations financial policies and procedure manuals, engineered strategies and training of financial procedures, devised and maintained financial database in requisite financial systems, and evaluated chart of account and vouchers.
• Handled routine accounting functions like preparing and analyzing financial statements/reports/ratios, from all functions of the business, to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Generated various analytical reports, computed key financial indicative ratios and other financial information depicting the financial stability/liquidity/growth for strategic analysis and interpretation by top management on regular basis.
• Analyzed costing to ascertain cost-profit analysis for all the products/services at the restaurant while administering the restaurants program "OMEGA".
• Symbolized as administrative assistant in the devising and organizing training of financial procedures as required with detailed emphasis on organizations policies/procedures and systems.
• Worked in collaboration with other departments of the organization and played a pivotal role in computing budgets, forecasting and establishing trends. Identified variances in actual achieved and presented requisite solutions for rectification.
• Fostered an environment of internal control and fine tuned the financial summary of the organization to ensure smooth accomplishment of its financial targets.

Accountant at Abdullah Said Bugshan Co. For Perfumes & Cosmetics
  • Saudi Arabia - Jeddah
  • May 2004 to March 2005

Key Responsibilities :
• Closely monitored ageing debtors in the business and developed a meticulous follow-up to receive timely payments and striven to maintain a zero bad-debts exposure.
• Administered the input and handling of financial data and reports for the organization's automated financial systems, develop and maintain financial data bases, computer software systems and manual filing systems.
• Reviewed figures, postings, and documents for accuracy and conformance to various accounting/company/legal standards, policies and procedures. Maintained financial security by establishing internal controls.
• Assisted in computation of budget, undertook revenue/expense/payroll entries, verified invoices and other accounting documents to ensure smooth functioning of business transaction.
• Resolved accounting discrepancies faced by various internal/external intermediaries of the organization, mediated extensively with the auditors, bankers, senior management, to warrant and verify accurate compilation of financial data.
• Established and monitored the implementation and maintenance of accounting control procedures, streamlined business processes wherever necessary and thus, enhanced the operational efficiency of the organization with adherence to its policy & methodologies.

Education

Higher diploma, ACPA – Arab Certified Professional Accountant
  • at The Arab Society of Certified Accountants - ASCA
  • December 2009
Bachelor's degree, Accounting
  • at Al-Azhar University
  • February 2003

The Faculty Of Economics and Admin Sciences B.A degree in Accounting A cumulative average (71.29%).

Specialties & Skills

Financial Management
General Administration
Financial Reporting
Internal Controls
Payroll
Computer related Skills: MS Office and Internet Usage
Investment Structuring, Feasibility Studies, Financial Analysis, Budgeting and Forecasting
Contractual Negotiations, Management Reporting, Report Generation, Documentation
Market Trend Analysis, Sector Development, Policy Formulation, Customer Service
Client Relationship Management, Project Management, Property Management
Target Setting and Achievement, Profit Maximization, Relationship Management
Leadership, Team building, Motivation, Communication, Time Management
Analytical Ability, Critical Thinking, Decision Making and Problem Solving

Languages

English
Expert
Arabic
Expert

Memberships

Arab Society of Certified Accountants - ASCA
  • ACPA – Arab Certified Professional Accountant
  • December 2009

Training and Certifications

• Preparing Budgets and Improvement For Finance Manager Skills (Training)
Training Institute:
Al-Hikma Center ,Jeddah
Date Attended:
May 2013
International Standards on Auditing (Training)
Training Institute:
Palestine, Gaza
Date Attended:
August 2001
Kit Certified Diploma Maintenance (Training)
Training Institute:
Kit Education Center - Cairo, Egypt
Date Attended:
November 2003
Management skills by CRESTOOM (Training)
Training Institute:
Crowne Plaza Hotel, Jeddah
Date Attended:
September 2013
Accounting Diploma (Training)
Training Institute:
Kit Education Center- Cairo, Egypt
Date Attended:
November 2003
Code of Ethics for Professional Accountants & Continuing Professional Education (Training)
Training Institute:
Palestine, Gaza.
Date Attended:
August 2001
Al- Aseel Program (Training)
Training Institute:
Computerized Accounting- Palestine , Gaza.
Date Attended:
September 2002
Strategic planning for Jamjom Company (Training)
Training Institute:
Crowne Plaza Hotel
Date Attended:
September 2013