Depot Chief Accountant
Almarai Company
Total years of experience :16 years, 5 Months
Conducting Monthly Meeting regarding the overall performance of the Branch.
Making sure the deadline for the A/R and A/P are met as per agreement.
Handling and Monitor Debtors worth +/- 07 Million Saudi Riyals on Monthly Basis.
Monitoring debtors allocation on Oracle based application.
Following up for the payment discrepancies with the Local and National Customers.
Scrutinizing and approving month Fixed Asset Sheets and communicating to
Head Office in case of any issue.
Monitoring Petty and Sales Cash Processes.
Business Analysis on Periodical Basis pertaining to Best Selling products, Sales Optimization processes.
Originating the solutions for eradicating Negative margins and mitigating Budget variances
Cost controlling in reference to the Periodical and Yearly Budget.
Initial drafting of Annual Budget for the Branch.
Financial Analysis and MIS reporting to the Head Office.
Motivating to achieve the Targeted Group Margin Bench Mark.
Reconciliation of the Bank Statement on the Weekly Basis.
Maintaining relationships with the Banks in regards to Cash/Cheque Deposits
Preparing the Projected Rolling Forecast for the Branch based on the Projected Products Quantity to be received by the production.
Originating the Cash Flow Report for the Branch.
Finalizing the Month End P&L and B/S for the Branch.
Preparing Period End JVs and closing the Financials at the end of the Month.
Training and Grooming Finance staff for the next level.
Book all accounting entries clearly, accurately, completely and on time.
Book revenue and cost recognition entries accurately.
Book all period end entries (prepayments, accruals etc) correctly and promptly.
Keep proper records to support all accounting entries.
Check that all sub ledgers (AP, AR) agree with the respective GL account.
Notify any unusual transactions or key issues to the Supervisor.
Ensure that suppliers are all paid within the contractually agreed payment period.
Deal directly with suppliers and manage supplier expectations.
Ensure payables sub ledger accounts are reconciled to the suppliers’ statements of accounts.
Keep proper records of all payments.
Ensure that accruals are booked with completeness & accuracy monthly.
Ensure that payables are closed for the period promptly and without issues.
Ensure clients have been invoiced correctly and promptly as per contract terms.
Apply receipts to invoices in a timely and accurate manner and ensure that unapplied receipts do not accumulate.
Ensure that all credit transactions (reversal of sales, other charges) are correct, approved and accounted without delay.
Process refunds to clients correctly and promptly (reversal of sale, reversal of invoices, refund).
Prepare the monthly receivables aging analysis report.
Follow up on delinquent receivables.
Prepare and submit the Monthly Financial Report that includes P & L, cash flow and balance sheet, with analysis.
Handle Bank Transactions and ensure that statements are reconciled at the month end.
Computation and issuance of Employee Salary(Payroll)
Mantaining the attendance record for the company.
Exposure to SAP, Peachtree, Tally and QuickBooks Accounting Softwares
Marketing Magazine to Foreign universities, Educational consultants and MNC
Identifying sponsors for the project on the daily basis
Originating proposals for the sponsors
Conducting meetings with the potential sponsors
Finalizing the proposals with coordination of the team members.
Invoicing to the sponsors for the issuance of the payment.
Delivery of the end product as a sample to the advertisers
Handling of Bank transactions, both national and international
Handling Web Development of Magazine
Brought 9 out of 16 Sponsors
Received Performance shield and certificate.
Foundation passed.