Accounting Manager
Yusuf Bin Ahmed Kanoo Group Of Companies - Saudi Arabia
Total years of experience :19 years, 9 Months
Record and analyze the company's financial information.
• Involved in the strategic planning or the development of new products.
• Analyze and interpret financial information that corporate executives need in order to make sound business decisions.
• Prepare financial reports for other groups, including stock holders, creditors, regulatory agencies, and tax authorities.
• Review and monitor costs inherent in the business.
• Financial forecasting and planning.
• Perform variance analysis.
Work in details:
• ACCOUNTS RECEIVABLES: COLLECTION FOLLOW UP, REVIEW, MATCHING OFF UNMATCHED CREDITS ETC…
• ACCOUNTS PAYABLES: REVIEW, MATCHING OFF UNMATCHED DEBITS ETC
• PREPARATION OF DETAILS STATEMENTS, And REPORTS LIKE BALANCE SHEETS INCOME STATEMENTS ETC… TO GMS
• REVIEW OF TRIAL BALANCE, MIS REPORTS ETC
• PROCESSING & REVIEW PROVISION FOR WARRANTY.
• MONTHLY INVENTORY SYSTEM CLOSING
• MONTHLY FINANCIAL SYSTEM CLOSING.
• CHECKING TRIAL BALANCE FOR MONTHLY MATCHING
• PREPARATION YEAR END REPORTS AND SUBMITTING ZAKAT REPORTS
• PASSING JOURNAL ENTRIES, CHECKING ENTRIES BANKING SYSTEM & VETTING.
• CHECKING & AUTHORIZING CHEQUE PAYMENTS.
• PREPARATION OF BUDGET FOR COMPANY.
Summary:
Responsible for applying professional knowledge and skills in the preparation and presentation of
Financial and other decision oriented information to assist management in the formulation of policies and in the planning. Responsible for managing the business team and having to report relationships and responsibilities to the corporation's finance organization
Primary responsibilities:
• Record and analyze the company's financial information.
• Involved in the strategic planning or the development of new products.
• Analyze and interpret financial information that corporate executives need in order to make sound business decisions.
• Prepare financial reports for other groups, including stock holders, creditors, regulatory agencies, and tax authorities.
• Review and monitor costs inherent in the business.
• Financial forecasting and planning.
• Perform variance analysis.
• Work in details:
• ACCOUNTS RECEIVABLES: COLLECTION FOLLOW UP, REVIEW, MATCHING OFF UNMATCHED CREDITS ETC…
• ACCOUNTS PAYABLES: REVIEW, MATCHING OFF UNMATCHED DEBITS ETC
• PREPARATION OF DETAILS STATEMENTS, And REPORTS LIKE BALANCE SHEETS INCOME STATEMENTS ETC… TO GMS
• REVIEW OF TRIAL BALANCE, MIS REPORTS ETC
• PROCESSING & REVIEW PROVISION FOR WARRANTY.
• MONTHLY INVENTORY SYSTEM CLOSING
• MONTHLY FINANCIAL SYSTEM CLOSING.
• CHECKING TRIAL BALANCE FOR MONTHLY MATCHING
• PREPARATION YEAR END REPORTS AND SUBMMTING ZAKAT REPORTS
• PASSING JOURNAL ENTRIES, CHECKING ENTRIES BANKING SYSTEM & VETTING.
• CHECKING & AUTHORISING CHEQUE PAYMENTS.
• PREPARATION OF BUDGET FOR COMPANY.
a- Study and analyses of cost expenses of entire Yusuf Bin Ahmed Kanoo group.
b- Managing cost optimization program and development.
c- Preparation of Business intelligence reports.
d- Assist CFO in the annual budgeting and planning process; assist with the administration and review of all financial plans and compare to actual results with a view to identify, explain, and correct variances as appropriate.
e- Communicate financial information in an understandable form for non-technical people using both written and verbal skills.
f- Define problems, collect data, establish facts, draw valid conclusions, and recommend effective solutions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram from and deal with several abstract and concrete variables.
g- Prepare, review and distribute monthly/quarterly/semi-annual/annual cost reports for contracts/grants as well as other reports as needed.
h- Backup to other Finance Department positions as needed.
Assisting Banking & Treasury Manager at whole work to meet the requirement of all Kanoo group companies such as Machinery, Chemicals, Oil field supplies, Power & Industrial, Fire & Security, Shipping, Freight Forward, Travel, Property, Investments, and joint ventures companies.
Mainly,
Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
Advises staff regarding the handling of non-routine reporting transactions.
Responds to inquiries from the Director of Finance, Controller, and other finance and firm wide managers regarding financial results, special reporting requests and the like.
Work with the Controller to ensure a clean and timely year end audit.
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Assist in development and implementation of new procedures and features to enhance the workflow of the department.
Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
Ensure an accurate and timely monthly, quarterly and year end close.
Assist the Controller in the daily banking requirements.
Ensure the monthly and quarterly Bank Compliance activities are performed in a timely and accurate manner.
Supports budget and forecasting activities.
Collaborates with the other finance department managers to support overall department goals and objectives.
In general my Responsibilities include cash management, investment activities, bank relations & financing, taxes, foreign exchange, credit & collections, risk management, employee benefits, export/import administration to support standby Letters of Credit and bank guarantees requirements
Banks reconciliations
Checking and processing local and international payments
Coordinate & Solve the issues with banks and clients
Accounting entries
Support cash forecasting process (cash flow statement)
Contribute to the global cash management strategy
Evaluate new banking products and services
Ensure accurate maintenance of bank account, balance, bank/Treasury systems and bank cost information.
Managing and handling all the related work bank accounts for custom duty with ensuring :
1- Having official signature for all the payment.
2- Looking after all the required internal approval collected.
3- Payment going on time.
4- make sure the customer paid the money and allocated for each shipments
5- Review and confirm the customer agreement before approving to releases the payments.
6- Cash management for the account and ensuring to supply it with required funds.
Typically responsibility was for overseeing the plan's real estate investment program. Develop valuation models in order to report accurate information to the plan with respect to the value of its investment. Maximize the value of the asset. Develop appropriate ongoing investment management strategies. Oversee the leasing, financing, maintenance, and renovation of all aspects of the property. Oversee all portfolio and asset management responsibilities during the term of the investment. Oversee all the legal negotiations and related activity necessary to close acquisitions. Perform the appropriate due diligence to substantiate the long-term value of investments and confirm that investments are consistent with the plan's investment guidelines
* Perform Account Payable functions
* Perform Account Receivable functions including billing & collection.
* To issue Debit Note / Credit Note from checking with customers.
* To perform bank-in and update bank-in collection report.
* To post Account Receivable transaction into accounting system.
* To check and verify billing from oversea branches.
* Ability to handle Government Service Tax (GST).
* To assist with any other tasks as assigned by the management
• Provided me the knowledge to succeed in their chosen field and ensure the development of skills in problem solving, ethical decision making, communications, teamwork, and leadership. • Increased my abilities and confidence to handle managerial, financial and administrative activities. • Enabled me to understand how key forces like the economy, the state and the system influence and interact with business. • Teached me how to apply the most recent and innovative developments in systems thinking to areas such as information systems, organizational change and professional practice. • Acquired and provide knowledge about the different approaches to the analysis and explanation of business problems; how to set targets and plan how to achieve them. •Developed the skills of independent learning through activities of face to face and distance learning.
Accounting principles Intermediate accounting Advance accounting Cost accounting Financial mathematics Statistics Zakat and tax Banking Auditing Introduction to business I Introduction to business II