Chief Accountant
Afaq Foods Co.
Total years of experience :17 years, 7 Months
→ Assisting in FS Preparation, for Food Season Companies.
→ Perform Month End Closing Activity.
→ Cash Flow Management.
→ Handling the Clients Accounts for Catering Customers.
→ Maintaining Depreciation, EOS, tickets, Rents & other Accrued for month End Closing.
→ Prepare Payroll, WPS for the Employees.
→ Handling Vendor Accounts Food and Non-Food, and Account Reconciliation.
→ Quarterly VAT Reconciliation, Preparation and submission to the ‘GAZAT’.
→ Processing all payment Request & validation, for Food, Non-Food and Services Vendors.
→ Bank Reconciliation for Bank Accounts, Main Accounts and Subaccounts.
→ Preparing Reports for Managements and Finance Manager.
→ Fulfilling Bank Loan Requirements, and Queries.
• Managing Group of companies under Takatuf Holding Group.
• Responsible to Prepare FS, and other reports related to Periodical Expenses & Projects.
• Preparation of Budgets, for CAPEX & OPEX, its Comparison with actual, and Report Overrun.
• Recording the Invoices for Project Vendors, Service Providers and Consultants.
• Escalate the Approval to CEO, for New Service Contracts, describing sthe Scope of Work.
• Maintain, and Review of GL Accounts, with Subsidiary Accounts, and Validation.
• Monthly, Quarterly VAT Reconciliation, Preparation and submission to the ‘GAZAT’.
• Processing all payment Request after validating, for Project Consultant & Suppliers.
• Prepare Payments, Wire Transfers for Bank, related to Vendors, Petty Cash, Employees.
• Reconciliation monthly basis for Vendors and request Credit Note if required,
• Responsible for Monthly Payroll Preparation, Employee Accruals, EOS and Disbursement.
• Tenants Invoicing, Amortization schedules, Payment Follow-ups to over dues & Legal Cases.
• Creation of Assets, ensure to Setup Depreciation life following the Type of Asset.
• Managing receivables for Tenants for Real Estate, for Various Properties.
• Analyzing the Expense Allocations, ensuring of Correct COS or charge to Subsidiary.
• Responsible for creation, Project Vendors, Service Provider and Tenant Customers.
• Preparing Monthly Bank Reconciliation, and Coordination with the Bank Personnel.
• Coordinate with the ERP team for the solution of errors, and implementation.
• Responsible for Medical Insurance of Employees, and Families their Proper COS/Dept.
• Supporting with Audits, closing at Month Ends therefore review & analyses the GL.
Food & Entertainment, a Limited Liability Company, are primarily engaged in the operation of food service outlets through international franchises like Cinnabon, Seattles best Coffee, Ca’ puccino, Life with Cacao, KAHVE DUNYASI, The Pizza Company, Simit Sarayi, BBG, Happiness, Kanafandi, Al Diyafa, Al Azal, & various more brands the Company has evolved rapidly from a single franchise in 2002 to a leading food service company with a footprint of 8 global premium brands and local trademarks, distributed across more than 230 outlets.
→ Responsible for the all Accounts functions for the brand.
→ Present P&L at the month end to CEO.
→ Make Physical ‘Inventory Take’ on the Month End.
→ Preparing ‘Cost of Goods Sold’ on the basis of ‘On Hand’ Values from Inventory take.
→ Made budgeting & Forecasting for the Brand for the Year 2017.
→ Answerable for the Transactions made b/w retail groups relates to Inventory transfer, for the Debit & Credit Notes as needed.
→ Responsible for the Sales recording & Sales Reconciliation.
→ Preparing VAT Output on basis of Sales & VAT Input on basis of purchases goods & Services
& submitting monthly to the Authorities.
→ Performing Credit Cards Reconciliation process from the Bank Statement of Account & Bank Reconciliation Report from the POS Reciepts, & to interact Bank Personnel for the disputed transactions if found missing from both reports.
→ Handling all Accounts Payable functions from the Invoice Recording, Payments Preparation, Supplier reconciliation & monthly aging for the supplier & present to the Report to the CEO & Operations, which help them to advice the Weekly Payment Schedule.
→ Take care for the Catering Customer from Quotation, Invoicing, till receipt of the Payment & Venue selection till delivering the Catering Stand to the Location.
→ Responsible to make the Purchase Order according to Purchase Request from the Store & Operation to the relevant Supplier.
Abdul Samad Al Qurashi is one of the finest producers of Arabian Perfumes, Aoud and Amber. Started in 1932 by Abdul Samad Al Qurashi, it has become one of the best perfume producers in the world. The company is headquartered in Makkah, Kingdom of Saudi Arabia.
→Present Bank Reconciliation Statement after Reconciliation Process in Oracle to the Management for Analysing & Cash flow Management.
→Perform Bank Reconciliation Process (Matching) In Oracle ERP (CM).
→Reconciling Salaries & Payroll, Petty Cash, Bonuses, Murabahat, Return from Supplier, Payments Variances from Accounts Payable.
→Reconciliation for the Receipts from Customers, E-Commerce Sales, Credit Customers, Various Companies, Subsidiaries & Retail Groups from Accounts Receivable.
→Recording all Cash Deposits from Various POS & all Internal Transfers from Internal Banks.
→Coordinate with respective departments for the pending Transactions not have been recorded.
→Reconciled & Close all pending transactions in Bank Payments & Receipts, at the month end.
→Manage & Update all Terminal (Span) List for the Stores connected with their respective Subsidiary Bank Account & Changes comes thereafter.
→Reconcile all Subsidiary Accounts (Standing Orders) Transfers to its Main Account.
→Making Reconciliation for the POS Accounts, Subsidiary to Main Account, & finding the Variances remaining from the Specific Transactions.
→Help Operations to Improve Mapping & arrangements b/w the Terminals & Sub Accounts.
→Present the Report at the End of the Month with Comparison Bank & Books.
Fawaz A. Alhokair & Co (known as “Al-Hokair Fashion Retail”) company is the largest franchise retailer in the KSA, MENA, and Central Asia and Caucasus regions. Since its first store in 1991, Al-Hokair Fashion Retail has grown to more than 1, 400 stores across 100 shopping malls in nine countries with workforce of more than 7000. AH currently represents over 75 fashion brands like ZARA, ALDO, MARKS&SPENCER, GAP, US POLO etc. The Group has diversified from fashion retail to non-retail business sectors such as real-estate, construction, financial services, health care and hospitality.
→Key Responsibilities:
Managing team of Accountant to perform full set of accounts and ensure timely closing of accounts. Perform Inventory costing, cost tracking, monitoring and controls. Responsible for timely monthly AP Reports, cash-flow management reporting. Review & payment vouchers & journal entries.
Purchase Costing:
1. Monitoring execution & posting of GRNs/Shipments on daily basis.
2. Managing the costing process of the inventories of various brands and the annual book closing of stock control account.
3. Responsible to confirm the landed cost of the inventory.
4. Reconcile of various Inventory accounts & finalization of accounts within time bound schedules.
Payables:
1. Ensure timely and proper recording of AP transactions including supplier payments Record AP bills for inventory items against Goods Receipt Note (GRN) and AP bills for non-inventory and services against Purchase Orders.
2. Responsible to create new supplier account in system upon receipt of official request along with contract /agreement and necessary verification.
3. Responsible for preparation of weekly accounts payable ageing and presenting to Senior Management.
4. Communicate with Vendors and Brand Partners to resolve issue over Invoices & payments.
5. Plan and allocate available resources to settle overseas supplier contractual commitment against purchase of goods in accordance to Monthly Account Payable Aging.
6. Responsible for preparation of Cash Flows (Weekly, Monthly).
7. Involved in Treasury and Fund Management activities such as handling Letters of Credit, Telegraphic Transfers (TT) and Letters of Bank Guarantee.
Closing of Accounts:
1. Responsible for monthly closing of AP, Inventory & Cost of Sales.
2. Responsible for preparing monthly Provisions / Prepaid Schedules.
3. Working with seniors to close the accounts till finalization.
4. Answering the queries of external auditors.
ERP Software: Oracle EBS, Oracle Fusion & Oracle retail
→Sales Reconciliation on daily Basis.
→Preparing Sales Report contains all region Sales for Management within Time deadline.
→Handling All Bank Claims from the Customers to prevent our bank Debited.
→Sales Analysis report weekly & Monthly basis.
→Making various Reports for Finance Manger.
→Booking payment after payment has been done from Treasury.
→Coordination with Bank Reconciliation Department to make Sure all Payments & Refunds has been Recorded.
→Handling all Suppliers Reconciliation on Monthly basis.
→Conduct all balance Confirmations Letter & make sure all has been sent to Suppliers as inquired by External Auditors.
→Responsible for preparing food Costing %.
→Preparing Deliveries Schedule.
→Processing Purchase Orders for the Stores as per their Request.
→Handle all Delivery Notes as per distribution of Stores from Warehouse.
→Recording all Invoices for Suppliers.
→Record AP bills for inventory items against Goods Receipt Note (GRN) and AP bills for non inventory and services against Purchase Orders.
→Preparing Payment Schedules as per Aging of Suppliers.
→Preparation of Reconciliation for Supplier Records.
→Assuring all Bank Transfers for Supplier Accounts.