Chief Accountant
Bina for Ready Mix Factory
مجموع سنوات الخبرة :22 years, 6 أشهر
• Create and prepare monthly, quarterly, and yearly financial statements.
• Develop annual Budget and Projections for Operations, aligning with the financial strategies of the company objectives.
• Joint signature authority for critical bank accounts ensures trust and compliance with company policy, enhancing accountability and financial security.
• Provide guidance and mentorship to the finance team members.
• Prepare and submit comprehensive financial reports to the holding company, ensuring transparency and accuracy in conveying the financial performance of the Jeddah branch and contributing to strategic discussions with senior management every month.
• Oversee and control cash flows for the Jeddah branch, employing strategic financial planning to implement measures to optimize liquidity, ensuring sustained financial health.
• Handle the preparation of monthly closing journal vouchers, ensuring the accurate and timely recording of financial transactions.
• Thoroughly review monthly reconciliations with the holding company and sister companies.
• Review and control Key vendors payment terms in alignment with the bank balance and Key client advance payment, strategically to cash flow dynamics, Implement proactive financial strategies to optimize cash utilization.
• Review Monthly report of the Banks Reconciliation.
• Follow up with the collection manager to facilitate invoice submissions and monitor collections.
• Strategically plan and oversee stocktaking activities, review, and adjustment of inventory levels with the inventory manager, and lead reconciliation processes to maintain accuracy in stock records.
• Maintaining positive client relationships while ensuring timely and efficient payment processes with the Key clients regarding quarterly and yearly reconciliation with the collection manager.
• Supervise and review recorded purchasing invoices for vendors, ensuring accuracy and maintaining high standards in the recording process proactively following up on the reception of raw materials reports, and overseeing the entire procurement cycle in alignment with inventory and purchase managers.
• Expertly strategically prepare and manage provisions accounts to align financial records with organizational objectives.
• Reviewing and analyzing petty cash expenses, ensuring compliance with the authority of petty cash holders and skillfully managing reimbursement processes.
• Supervision and control over fixed assets, overseeing their creation and managing transactions with fully recorded files.
• Collaborate with the sales and receivable managers to rigorously review sales invoices.
• Ensure accuracy and alignment with financial standards for effective receivables and payable management.
• Conduct a comprehensive analysis of procurement cycles, encompassing raw material purchases and stock management.
• Facilitate smooth integration with operational processes, ensuring a strong flow from procurement to operations.
• Regularly review and analyze production reports, contributing to strategic decision-making and financial optimization.
• Follow up with aging reports for accounts receivable (AR) and accounts payable (AP).
• Review the reconciliations with the all vendors and customers from the reports that prepared by the account receivable and payable and approve on it.
• Provide crucial insights for effective cash flow management throw capex and opex and valuable inputs for the Board of Directors' decision-making.
• Review and post all provision accounts for commission, annual tickets, end of services and vacations.
• Collaborated with the legal team to set the payment terms in the contracts between us and the vendors or the client to ensure a smooth transition to improve cash flow predictability.
• Coordinate with External and Internal Auditors to ensure compliance with tax and law standards.
• Review, analyze, and ensure appropriate provision for TAX, Zakat, and finalize the certificate from ZATCA every year.
• Determining sales prices, taking into consideration financial policies and the final cost
• Overseeing and controlling day-to-day accounting operations with the accountants to ensure accuracy and compliance with financial regulations.
• Prepare the financial statements, annual budget, and capital budget and issue the trial balance to guide strategic decision-making.
• Conducting regular reviews of financial transactions, reconciliations, and journal entries.
• Coordinating with internal, external auditors and tax authorities to ensure compliance.
• Providing financial insights reports to support the company's growth and profitability goals.
• Managing cash flow, including reconciling bank statements and follow-up with aging reports for (AR) and (AP).
• In-charge about the cost for importing goods, especially for stock & Inventory Control & Pricing the products to Wholesaler or Retailers or for the company itself.
• Creating Stores Accounting System In both Companies.
• Providing financial information to the external & internal parties.
• Responsible for the Clients & Stores Accounts.
• Working with the tax department staff to arrange their requirements.
• Maintain and reconcile general ledger accounts.
• Oversee month-end and year-end closing processes.
• Collaborate with chief accountant to develop budgets and financial statements ensuring accuracy and compliance with accounting standards.
• Reconcile bank statements, balance sheets, and income statements.
• Investigate and resolve discrepancies.
• Coordinate with External and Internal Auditors to ensure compliance with tax and law standards.
• Provide guidance and support to junior accounting staff.
• Financial manager assistant. Assist in implementing standard policies and procedures.
• AR. accountant & Responsible for preparing Patients Bills.
• Preparing the monthly Payroll.
• Perform A.P. and A.R. duties, including preparing and issuing invoices for patient and checks approved by authorized personnel, collecting invoices, and investigating chargebacks, discrepancies, and reconciliations.
• Editing and posting all necessary daily, monthly, and annual journal vouchers and closing entries for accounts receivable and payable.
• Audit on purchasing and receiving goods, comparing with purchase orders and requests approved by the appropriate department head or manager.
• Monitoring inventory transactions between the General ledger and store.
• Issues payment requests to the vendors based on the payments agreed in the contracts between us on a monthly basis and reconciled the account.
• Review and follow up on the daily supply of cash and investigate any shortages or overage from the General Cashier envelope on a daily basis to prepare short & over reports on a monthly basis and forward them to the chief accounts for approval and necessary action.
• Audit all outlet reports for accuracy and unusual transactions and tally them with the systems reports for accuracy.
• Review and analyze sales and purchase taxes.
• Cooperates and provide supporting documents for internal and external auditors.
• Executed day-to-day general ledger activities, ensuring accurate and up-to-date financial records.
• Managed accounts receivable and payable functions, processed invoices, and facilitated timely payments.
• Conducted monthly bank and account reconciliations.
• Assisted in the preparation of financial reports.
• Tracked and monitored expenses, contributing to petty cash control.
• Provided support in financial analysis tasks.
• Performs other related duties as assigned.
• Prepare daily entries and worked in the fixed asset department
• Helping to prepare the Balance Sheet and trial balance.
• Reviewing the cash receipts and compare it with collection was able to decrease the deficit in the payment system.
• Reviewing inventory adjustments and actively participated in calculating the inventory in the Oil Mountain in Hurghada and implemented inventory adjustments, ensuring an accurate representation of stock levels.