Financial Analyst/Accountant
RAII-RAJHI INTERNATIONAL FOR INVESTMENT (AL RAJHI GROUP)
مجموع سنوات الخبرة :13 years, 6 أشهر
* Analysis for Financial Statements
* Monitoring & Reporting Financial performance’s of Sister Companies (RAMC, TOSHKA, KAFA, GABA, SGAF, ALBURAQ, UFHC, RAIC & NAQWA)
* Monthly preparation of Strategic Financial statements (I.S, B.S & C.F)respectively
* Monthly preparation of KPI’s (Key Performance Indicators)
* Preparation of variances for all sister companies
* Deep analysis of material variances for financial statements
* Identifying problems & misleading reports & suggest possible solutions
* Recommend solutions to overcome these material variances
* Strict adherence of investment reporting policies & implementation of internal controls
* Usage of ERP’s (SAP B1, SEGMENTS & ORACALE) to extract, prepare & present information for different sister companies
* Involved in budget & master departmental budget preparation phases
* Semi annually updates for master budget
* Preparation of Ratio Analysis (liquidity, solvency & profitability) respectively
* Reviewing park documents in ERP & posting it.
* Preparation of consolidation for financial statements
* Extraction of information through multi ERP’s & preparation of Strategic Sales Analysis (Product, revenue, periodic & location wise deep analysis & reports with matching periodic budgets & also performing sales variance analysis & its reasoning
* Supporting & providing Auditors with required documents & information
* Heavily involved in power point reports preparation & its presentation to top management (FM & CFO)
* Working with executives and team managers to create and execute training program for company staff as well as, prioritizing its training schedule.
* Application & adherence of IFRS & SOCPA
* Month end activities, including accruals, reversal entries & closing journal entries, Coordinate at the end of month closing process to ensure all corporate deadlines are met and information is presented in accordance with GAAP.
* Prepare monthly financial reports like balance sheet and bank reconciliations, maintenance of fixed-asset ledgers, cash flow statements and analysis of profit & loss statements & reconcile complex fixed asset accounts, generate ad-hoc reports, and provide reports to management regarding significant expenditure fluctuations.
* Review detailed analyses of fixed asset general ledger accounts, and forecast depreciation expenditure on a monthly, quarterly and annual basis.
* Maintained general ledger and prepared quarterly and/or annual schedules, payment schedules, financing schedules, income statements & balance sheets financial reports.
* Assisted in budget process and prepared monthly, quarterly and annual depreciation expense schedules.
* Presenting annual budgets and forecasts to management and other stakeholders
* Inter company reconciliations of over 5 different entities.
* Perform AR/AP, collections, and inventory valuation.
* Cash Flow Reports & Analysis.
* Prepare journal entries for accruals and other adjusting entries.
* Responsible for all bank reconciliations for multiple bank accounts.
* Assisting HR with payroll reconciliations.
* Working with executives and team managers to create and execute training program for company staff as well as, prioritizing its training schedule.
* Manage Staff Accountants and Interns - Recruit, hire, train, and manage workloads and schedules.
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* Preparation of Financial Statements, Track of Revenue and Expenses, Recording Business Transactions and participating in planning.
* Business analysis as well as recommendations and contingency plans for Executives to make strategic, operational, capital expenditure, and critical projects decisions.
* Solid expertise of Bank Reconciliation.
* Coordinating/Assisting in the month-end close.
* Maintaining accurate records of all pricings, sales, and activity reports.
* Resolve accounting discrepancies and interact with internal and external auditors in completing their audits.
* Standard costing, Budgeting & forecasting with periodical controls, variance analysis, management reporting & Establish the reasons for variations and scope of improvement.
* Supervision of Stock Count. Valuation of Stock, Inventory Planning & Control.
* Implement & compliance for financial policies and procedures.
* Reconciles records with internal company employees and management, or external vendors or customers.
* Providing Analysis using Working Capital Management.
* Proficient in Cash flow statements and Cash flow forecasting/Budgeting.
* Cash budgets Clear and Unclear both & Corporate Forecasting.
* Assets Management and their Depreciation.
* Sound experience of Domestic & Foreign Multi-Currency Remittances.
* Preparing of monthly Financial & Management Reports & their Analyses.
*Responsible of Managing Receivables;
*Checking the credit ratings of a company's customers;
*Setting up the terms and conditions of the customers;
*Managing customers account reconciliations and managed debt;
*Monitoring collection of complex overdue debts and reviewed credit limits;
*Followed up on delinquent accounts & Ensuring cash collection targets are met;
*Identified and manage credit notes and write-off concerns;
*Meetings & Coordination with customer to resolved fund transfer problems and queries;
*Forecasting, Collections, Collection Commission & Ageing Reports to credit manager;
*Responsible of Managing Payable’s (Locally & Internationally) & preparing suitable reports for manager;
*Maintaining good professional relations and monitoring local competitors.
*Responsible for Monitoring Cost of Manufacturing Production Orders in ERP “SAP”;
*Responsible for insuring that all cost activities are prepared, reported and tracked accordingly;
*Identified areas of concern for potential cost overruns/increase;
*Responsible for preparing cost report updates and report generation for Management;
*Work closely with the project teams to identify cost impacts of proposed changes and incorporate those impacts into the Project work plan;
*Perform cost data processing and analysis to provide management with project status, forecasts and alternatives;
*Coordinate with Engineers and Project Manager's to prepare and generate monthly Project Cost Reports;
*Utilized ERP “SAP” system to support effective budget decision making.
*Providing Analysis using Working Capital Management;
*Proficient in Cash flow statements and Cash flow forecasting/Budgeting;
*Cash budgets Clear and Unclear both & Corporate Forecasting;
*Assets Management and their Depreciations;
*Sound experience of Domestic & Foreign Multi-Currency Remittances;
*Preparing of monthly Financial & Management Reports & their Analyses;
*Preparation of Financial Statements, Track of Revenue and Expenses, Recording Business Transactions and participating in planning;
*Business analysis as well as recommendations and contingency plans for Executives to make strategic, operational, capital expenditure, and critical projects decisions;
*Solid expertise of Bank Reconciliation;
*Coordinating/Assisting in the month-end close;
*Maintaining accurate records of all pricings, sales, and activity reports;
*Resolve accounting discrepancies and interact with internal and external auditors in completing their audits;
*Standard costing, Budgeting & forecasting with periodical controls, variance analysis, management reporting & Establish the reasons for variations and scope of improvement;
*Supervision of Stock Count. Valuation of Stock, Inventory Planning & Control;
*Implement & compliance for financial policies and procedures;
*Reconciles records with internal company employees and management, or external vendors or customers.
*As CO Consultant, responsibilities include implementation, design, configuration, testing and re-engineering of various functionalities in CO Module;
*Gathering Requirements for CO module, Collaborative work with the Key Users in understanding & documentation of “As-IS Process” & prepare To-Be Workshops;
*Conducting GAP Analysis, Assess scope of studies and suggest best fit functionalities/ solutions;
*Conducting, Coordinating & Preparation of Business Blue Print Workshops for understanding client requirements;
*CO (CCA, PCA, IO, CO-PA) settings on development server and ultimate transportation on to the quality testing and production servers;
*Successful implementation & Configuration of Profit Center A ccounting, Cost Center Accounting, Internal Order Accounting, Product cost planning, cost estimate configuration, Cost object controlling, Product cost by order and Profitability Analysis;
*Configured Controlling area Settings & Operating Concern Settings;
*Developed P&L and Balance sheet Reports on Profit Center level through repot Painter and Drilldown Reports;
*Developed PCA reports to get P&L on Branch wise, Export & Import wise repots;
*Developed COPA reports to get Contribution margin reports on the bases of Characteristic (Customer, Distribution Channel, Division);
*Creation of FI/CO reports on Report Painter and SAP Query Tool;
*Designing the Cost Center and Profit center Hierarchical structure’s to meet the P&L and Balance sheet requirements of clients;
*Uploading Master data like Cost center & profit center (Actual & Plan) through LSMW;
*Customize the Allocation structure to allocate the expenses for cost center, Profit Center and COPA;
*Coordinating with Technical Team for ABAP Reports;
*Testing the Integration with other modules like, SD, PP, MM & FI;
*Integration and User Acceptance Testing & extending Post- Go Live support, including Creating Training Manuals, processes for end users, support & end users training;
*Resolution of FI/CO relevant issues in post go live support phase;
*Managing timelines and making sure complete team is managing as well to achieve milestones on timely manner.
*Working knowledge in FI sub-modules like General ledger, Accounts Payable, Accounts Receivable, Asset Accounting, Bank Accounts;
*Configured and customized Chart of Accounts, Company Code Global Parameters, Fiscal Year Variants, Posting Period Variants, Account Groups, document types, document number ranges, validation and Field Status Groups;
*Conversion of year dependent periods to normal calendar months;
*Master Data upload, GL balances both cumulative and line item balances including vendor, customer, gl and asset master data were loaded via LSMW technique;
*Creation of FI/CO reports on Report Painter and SAP Query Tool.
*Reviewing, compiling and analyzing financial information to prepare entries to accounts such as general ledger accounts and document business transactions;
*Reconcile the general ledgers of Debtors, Creditors & bank statements;
*Prepare and review documents of revenue, expenses, assets, liabilities and other accounting documents;
*Inventory or Stock Management;
*Manage and address shrinkage and stock loss;
*Strong experience of Dealing with Insurance of Small or Big Projects.
*Handling Petty Cash bookkeeping (Manual & Automated).
*Proficiency in Handling Personal Accounts & Preparation of Payroll for Staff.
*Records of Profit and loss;
*General entries bookkeeping & Preparing of General ledgers;
*Strong experience of Handling Shipments or Logistics (International/Domestic).
*Strong know how of customs & clearance procedure of shipments;
*Responsible for all on site aspects of the logistics, supply chain, and customer delivery operations. In charge of making sure that each stage of the distribution/delivering process is progressing on time, on budget and to the right quality standards;
*Maintaining accurate records of all pricings, sales, and activity reports;
*Establish and maintain supplier accounts, & ensure transactions are properly recorded into computerized system;
*Verifying the accuracy of invoices and other accounting documents;
*Update and maintain accounting journals, ledgers and other financial records & business transactions.(e.g. disbursements, expense vouchers, receipts, accounts payable, accounts receivable);
*Preparation of Financial Statements, Track of Revenue and Expenses, Recording Business Transactions and participating in planning and budgeting;
*Assist in Month end closing of Accounts;
*Prepare and verify monthly financial & costing reports.
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, supporting 140,000 members and 404,000 students throughout their careers, and providing services through a network of 83 offices and centres. ACCA's reputation is grounded in over 100 years of providing world-class accounting and finance qualifications, championing opportunity, diversity and integrity, and its long traditions are complemented by modern thinking, backed by a diverse, global membership. (Gaining such a qualification is evidence that the holder possesses skills and knowledge which are in high demand by employers in industry, banking, auditing, consulting as well as other professions like taxation and law) * Fundamental Level is in Progress.
ACCA and Oxford Brookes University have worked together to develop a BSc (Hons) Degree in Applied Accounting, which is available exclusively to ACCA students who wish to obtain a degree while studying towards the ACCA Qualification. This is Award.
The Certified Accounting Technician (CAT) UK qualification is offered by the Association of Chartered Certified Accountants (ACCA).and the qualification provides a strong foundation of knowledge in finance and accounting. This qualification proves to employers that you have all the technical skills and knowledge needed to perform an accounts-support role.
*MS-Word Processing =Proficient *MS-Spreadsheet/Excel =Proficient *MS- Outlook =Proficient *MS-Visio =Moderate *MS-Power Point =Proficient *Browsing & Printing =Proficient
2 Years of Education in a program of Intermediate in Computer Science (ICS) Studied here in Riyadh & Degree awarded by Pakistan Fedral Board & recognised/verified by Higher Education Commision.
2 Years of Education in a program of SSC-Matriculation in Science Subjects studied throughly from PISR (Riyadh),Degree awarded by Pakistan Fedral Board & recognised/verified by Higher Education Commission.