Chief Accountant
SAED Group International (Al Dabbagh Group)
Total years of experience :19 years, 3 Months
• Managing a team of 2 payable accountants monitoring all accounts payable processes such as:
• Verification and creation of item codes to ensure proper coding of financial dimensions and cost category.
• Approve POs/ payment vouchers/journal entries to retain internal controls
and to ensure the proper cost allocation.
• Review vendor invoices as well as check requests and ensure timely payment.
• Ensure timely vendor reconciliation and resolve the discrepancies.
• Strengthen company's vendor/ suppliers’ relations by continuously
corresponding with vendors via phone, email or written communication.
• Regularly review and reconcile Accounts Payable aging and outstanding checks.
Effectively managed and drove bank recon team and succeeded in:
• Investigated and resolved the discrepancies in monthly bank accounts
while under tight deadline.
• Reduced bank reconciliation time to 50% and errors by introducing
new controls and reconciled the bank activity of complete year of 2017-18
to resolve the variance of SAR 3, 000, 000.
• Revised and streamlined the work procedure with automation software.
• Trained and develop a team of 4 junior accountants.
. Maintain prepaid and accruals schedules, pass month closing entries,
and run monthly depreciation.
• Developed and ensure the internal controls in all the branches to establish the finance department’s adherence to ensure the proper coding of service revenue, sublet and petty cash expenses with respect of correct account heads, profit and cost centres.
• Monthly accruals and provisions entries etc.
• Reports of accounts receivable analysis regarding the movement of vehicles service revenue, payments received.
• Ensures the Accounts receivable and payables are robust in terms of
requirements (reconciliation, accuracy of accruals etc. on excel by using
auto line data base)
• Book and allocate the debit and credit notes from intercompany accounts.
• Ensure the monthly vehicle service statements sent to the customers and payments received on time by coordinating with all service centers in kSA.
• Verify supplier’s invoices and sublets in the system and prepare reconciliation.
• Monthly, quarterly, and yearly reports regarding Receipt & Payments, Income & Expenditure Account, simulations and comparisons of previous and current period’s incomes and expenditures.
• Supervised cash book and the sale of course books and other accessories.
• Staff payroll handling and advances, loans, bonuses, and deduction computations.
• Conducted different admin activities about staffing, and handling their government affairs concerning iqama medical insurance cards, purchases of fixed assets (equipment etc.) and their records maintenance
•• Supervised the maintenance of receivable, payable and general ledgers.
• Staffed, trained, and supervised the staff of 2 in maintenance of receivable and payable accounts, sales invoices and receipt and payment vouchers and bank checks etc.
• Supervised the preparation of staff payroll, bonuses, advances, loans, leaves, other deductions, and related computations mainly on Excel.
• Established, implemented, and controlled the procedure of keeping proper GRN, GDN and keeping the proper records in the store.
• Supervised the store assistant in stock handling, periodic stock taking physically and preparing the stock reports and reconciliation etc.
• Settled discrepancies and accounts disputes with the customers and suppliers.
• Passed Bachelors of Commerce(B.Com) with the following majors, Financial Accounting, Cost Accounting, Auditing, Management, Business Communication and Mercantile Law.
Pursuing for “ACCA Exams” yet qualified following three. ✓ F1- Accountant in Business. ✓ F2- Management Accounting. ✓ F3- Financial Accounting
• Passed “Full Time Foundation Course” equivalent to C.A Intermediate from School of Business Studies (SBS) campus of Institute of Chartered Accountants of Pakistan (ICAP). with the following majors, Financial Accounting, Cost Accounting, Mercantile Law, Taxation, Interpersonal Skills and Organizational Behavior.