Cost Accountant
Al Moallim United Co.
Total years of experience :17 years, 11 Months
Al Moallim United Co. is an International Brands operator in Saudi Arabia and the Gulf area, for fashionable women items and fashionable jewelry and I am currently responsible for the below tasks :
1- Allocating funds for the operation expenses and distributing the cost on the different Business Units and its cost/profit centers and booking all the related journal entries
2-Following up on the running projects funds and allocating the cost for under constructions projects and conducting assets capitalization when the project is activated and booking all the related journal entries
3- Review and approval for the different vendors/Cash payments and invoices and allocating the CAPEX and OPEX for the the different Business Units and its Cost centers/profit centers and booking all the related journal entries
4- Allocating all the prepaid expenses and accruals including rent schedule and accrual movements tracing through the accounting periods and the corresponding cost/profit center within the concern business unit and booking all the related journal entries
5-Maintaining Fixed Assets Register and the depreciation Schedule and booking all the related journal entries
6- Reporting of the CAPEX and OPEX for each business unit and its cost/profit centers
7- Maintenance of main Chart of Accounts and updating accounts and cost/profit centers
8- Coordinating with the external Audit firm to fulfill the yearly audit requirement and submitting related documents and report to complete the audit process
9-Procurement management including the price analysis and the vendor selection process, for Shipping, Marketing, Maintenance, CAPEX, Medical Insurance and other supporting activities
I am working as a senior accountant and i report to the owner so i did all the bookkeeping for the company and the company was granted the government credit contractor based on 3 years financial records which i had prepared from the company paper work files, also i handle all the administrative work of the company as well as controlling the purchasing process .
I work in Aramas Madinah Hotel as a Cost Controller and my KPI was :
Cost Control:
1- To Keep my F&B cost percentage below 24%
2- To Reach a level of Storing period of 90 days maximum
3- To Manage Receiving Process according to company regulation and Baladiya requirement
4- To follow up all house use consumption(OC/ENT/Complementary) and look for ways to reduce it.
5- To Track the Cost of Wastage, Breakage and Misuse to keep it below 0.5% of the total sales
and i had some Purchasing Tasks:
1- To Manage all purchasing through price analysis with at least 3 suppliers except the purchasing less than one thousand
2- To Manage my purchasing for CAPEX & OPEX within the budget and follow all authorization process .
3- To find an alternatives suppliers in case of shifting the supply or items not available.
4- to provide a supplier evaluation form for all approved supplier list
General Responsibility:
1- to conduct training for my staff to improve their skills and overcome the week performance at least 8 Hours Per Month
2- to keep record of all staff performance and achievement as well as their weaknesses and strength
3- to maintain the staff discipline and take necessary action
1-monitors the financial progress of a project,
2-computes operating fixed and variable costs and compares such costs to budgets.
3-Comparing budget amounts to actual expenses reports periodic financial statements to a company's finance chief and ensures that accounting procedures and systems are adequate and functional.
4- implement full analysis on the company cost center and clear all cost center periodically
1 Daily Sales Report Daily OnTime
2 Cash Reconciliation Daily OnTime
3 Implment full stock take for main warehouse with variance analysis Monthly AnyTime
4 Service Meeting Monthly AnyTime
5 Finance Meeting Monthly AnyTime
6 Supplier Reconcilation and Claims Monthly 3rd of the month
7 provisions and accurals Monthly 2nd of the month
8 Stock Formula, Stock Adjustement and Discrepancies Monthly 3rd of the month
9 Monthly trail Balance Report Monthly 3rd of the month
10 Actual VS Budget Report Monthly 4th of the month
I am working in Axiom Telecom Saudi Co. as an Accounts Officer, This is Dubai based Company and they are the distributors of mobiles and its accessories
Job Responsibilities included on monthly and daily basis:
Receiving the sales and collection reports from the collector on daily basis.
Using (Falcon Financial Oracle ERP) as accounting software of encoding the Accounting Data.
Handling the Accounts Receivable Module by using Accounting software (Vision Soft).
Preparing the Bank Reconciliation Statement.
Preparing the Retail Sales man Commission Incentive.
Controlling and following up the manual invoices.
Preparing the receivable reconciliation.
Accountant in The Smart Center Training Center., Makah - K.S.A
Job Responsibilities included on monthly basis:
Preparing all types of Voucher.
Preparing monthly Bank Reconciliation Statement.
Preparing monthly Accounts Payable Statement.
Preparing monthly Accounts Receivable Statement
Monthly Budgeting plan
Periodic Market Analysis
Accounting
