Muhammad Abdulwahab, Accountant

Muhammad Abdulwahab

Accountant

Citadel Engineering Company

Location
Iraq - Erbil
Education
Bachelor's degree, Banking And Finance
Experience
3 years, 9 Months

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Work Experience

Total years of experience :3 years, 9 Months

Accountant at Citadel Engineering Company
  • Iraq - Erbil
  • March 2022 to February 2023

Job Summary:
As an Accounting Specialist, I performed a multi-faceted role encompassing bookkeeping, financial accounting, treasury functions, and bank duties. With meticulous attention to detail, I maintained accurate financial records, prepared reports and financial statements, managed accounts receivable and payable, and facilitated seamless banking operations.

Key Responsibilities:
- Bookkeeping: Maintained precise financial records of all transactions, ensuring accuracy and completeness in journals, ledgers, and cash books.
- Financial Accounting: Managed accounts payable and accounts receivable, recording and reconciling transactions promptly and accurately.
- Financial Reporting: Prepared comprehensive financial reports, including balance sheets, income statements, and cash flow statements, to aid informed decision-making.
- Annual Financial Statements: Assisted in the preparation of annual financial statements, ensuring compliance with accounting standards and regulatory requirements.
- Treasury Functions: Oversaw cash management, bank reconciliations, and maintained relationships with banking institutions.
- Banking Duties: Executed transfers, processed checks, reconciled bank statements, and maintained accurate banking records.
- Accounts Receivable and Payable: Managed invoices, coordinated collections, and facilitated payment processing.
- Compliance: Ensured adherence to accounting principles, legal standards, and internal policies for transparent financial records.
- System and Process Improvement: Identified opportunities to enhance efficiency, implementing improvements in accounting systems and controls.

Skills and Achievements:
- Proficient in bookkeeping, financial accounting, and financial reporting practices.
- Sound understanding of accounts receivable and accounts payable processes.
- Expertise in preparing accurate financial reports, including balance sheets and income statements.
- Knowledge of treasury management, cash flow analysis, and bank reconciliations.
- Detail-oriented approach to maintain precise financial records and documentation.
- Strong understanding of accounting standards, regulations, and compliance requirements.
- Proficiency in using accounting software and financial management systems.
- Problem-solving skills to address discrepancies and ensure timely financial transactions.
- Excellent organizational and time management skills.
- Proven track record of process improvements, streamlining operations, and enhancing efficiency.

In my role as an Accounting Specialist, I successfully managed bookkeeping tasks, financial accounting, treasury functions, and bank duties while ensuring the accuracy of financial records and preparing reports and financial statements. My expertise in accounts receivable and payable, as well as adherence to compliance standards, contributed to the organization's financial success.

Accountant at New Land
  • Iraq - Erbil
  • July 2021 to March 2022

Job Summary:
As an Inventory Control Accountant, I successfully oversaw and managed the inventory control process while preparing monthly reports and annual financial statements. With a strong focus on accuracy and attention to detail, I played a pivotal role in ensuring effective inventory management and delivering precise financial information for reporting purposes.

Key Responsibilities:
- Demonstrated expertise in inventory control by implementing and maintaining efficient inventory control systems to accurately track, value, and report on inventory levels.
- Conducted regular audits to verify the accuracy of inventory records, proactively identifying any discrepancies and diligently reconciling them between physical counts and recorded inventory.
- Employed sound inventory valuation methods, in accordance with accounting principles, such as FIFO (First-In, First-Out) or LIFO (Last-In, First-Out), working closely with the finance team to determine appropriate valuations.
- Utilized strong analytical skills to analyze inventory costs, including purchase costs, carrying costs, and obsolescence, identifying opportunities for cost savings and optimizing inventory levels.
- Collaborated with cross-functional teams to forecast demand, plan production, and set inventory targets aligned with business objectives.
- Prepared comprehensive and accurate monthly inventory reports, highlighting key metrics such as inventory turnover, stock aging, and necessary valuation adjustments.
- Contributed to the preparation of annual financial statements, including balance sheets, income statements, and cash flow statements, ensuring compliance with accounting standards and regulatory requirements.
- Implemented and maintained internal controls to safeguard inventory assets, preventing fraud and ensuring adherence to company policies and procedures.
- Actively sought process improvement opportunities, streamlining inventory control processes, implementing best practices, and leveraging technology solutions to enhance efficiency and accuracy.

Skills and Achievements:
- Demonstrated strong proficiency in inventory control principles, methods, and procedures, delivering accurate and reliable results.
- Applied in-depth knowledge of accounting principles and financial statement preparation, ensuring precise and compliant financial reporting.
- Utilized expertise in inventory valuation methods, making informed decisions that impacted the accuracy of financial statements.
- Leveraged proficiency in inventory management systems and software, optimizing inventory tracking and management.
- Showcased exceptional analytical skills, identifying trends, uncovering insights, and providing actionable recommendations for inventory optimization.
- Exercised meticulous attention to detail in conducting audits and reconciliations, ensuring inventory accuracy.
- Consistently met reporting deadlines, showcasing excellent organizational and time management skills.
- Exhibited strong problem-solving abilities, addressing inventory-related issues and implementing process improvements.
- Effectively communicated complex financial information to non-financial stakeholders, ensuring a clear understanding of inventory-related matters.

Through my experience as an Inventory Control Accountant, I contributed significantly to accurate financial reporting, streamlined inventory management, and informed decision-making within the company.

Bookkeeper at Fresh Co.
  • Iraq - Erbil
  • June 2018 to June 2020

Job Summary:
As a Bookkeeper, my role was crucial in ensuring accurate financial record keeping and transaction management. I was responsible for recording all financial transactions, maintaining financial records, reconciling accounts, handling invoices and payments, and managing inventory.

Key Responsibilities:
- Recorded all financial transactions in the appropriate financial records, such as cash books, ledgers, and journals.
- Maintained accurate financial records and ensured that they were up-to-date.
- Reconciled bank statements, accounts payable, and accounts receivable records to ensure that all transactions were accurately recorded.
- Handled invoices and payments, ensuring that all invoices were accurately recorded and paid on time.
- Managed inventory by keeping track of inventory and ensuring that it was properly recorded in the financial records.

Accomplishments:
- Successfully recorded all financial transactions accurately and maintained an up-to-date financial record throughout the year.
- Reconciled all bank statements, accounts payable, and accounts receivable records, ensuring accurate financial reporting.
- Handled invoices and payments efficiently and accurately, resulting in no late payments or discrepancies.
- Successfully managed inventory by keeping track of stock levels and accurately recording inventory in the financial records.

Skills Used:
- Strong attention to detail and accuracy when recording financial transactions.
- Proficiency in accounting software and Microsoft Office Suite, including Excel.
- Analytical and problem-solving skills required to reconcile accounts and investigate discrepancies.
- Excellent communication skills required to liaise with vendors and customers regarding financial transactions.
- Strong time management and organizational skills required to manage multiple tasks simultaneously.

Overall, my contribution as a Bookkeeper has been instrumental in ensuring the financial health of the company. My attention to detail, accuracy, and strong organizational skills were critical to maintaining accurate financial records and ensuring timely payments to vendors.

Education

Bachelor's degree, Banking And Finance
  • at Salahaddin Univeristy of Administration and Economics
  • June 2021

Education: I completed my Bachelor's degree in Banking and Finance with a major in Banking and Finance and a minor in Accounting. Throughout my studies, I achieved the highest grades in both programs and ranked at the top of my department. In the Banking and Finance major, I gained a deep understanding of financial principles, risk management, financial analysis, and corporate finance. I developed skills in evaluating investment opportunities, analyzing financial statements, and optimizing financial performance. As a minor in Accounting, I expanded my knowledge of financial reporting, auditing, and managerial accounting. I acquired skills in preparing financial statements, analyzing data, and making informed decisions. My academic achievements reflect my dedication, work ethic, and passion for the fields of banking, finance, and accounting. I am eager to utilize my knowledge and skills to contribute to the success of organizations in the finance and accounting sectors.

Specialties & Skills

AP Accountant
Financial Accounting
Bookkeeping
Accounting
Microsoft Excel

Languages

English
Expert
Arabic
Intermediate
Kurdish
Native Speaker
Turkish
Beginner