Cheif Accountant
Al Yasra Fashion
Total des années d'expérience :12 years, 10 Mois
• Preparing financial statements, details financials analysis and presentations for management.
• Preparing daily cash flows, fund statements and processing payments for suppliers and employees.
• Preparing and filling of VAT returns for KSA, Bahrain and Zakat working for taking provisions.
• Assist in budget preparation and expense management activities for assigned accounts.
• Responsible for closing of accounts on monthly, quarterly and annual basis.
• Monitoring Kingdom wide petty cash, expense reimbursement and to ensure proper booking.
• Allocation of common cost among departments and rectification of entries in accurate accounts & cost center.
• Managing Wholesales customers, follow up with customers for payments, making ageing report, monthly receivables reconciliations.
• Reviewing of day to day team work and ensuring all transactions are recorded in accordance with international accounting standards.
• Assist in auditing activities by providing necessary information and requested documentations to auditors (EY).
• Responsible for preparation of timely monthly consolidated financial statements, payments, cash-flow, management reporting for submission to top management.
• Performing operational audits and analyze financial discrepancies and recommend effective resolutions.
• Preparing presentations for management - Providing them with detailed overview of business performance.
• Preparing daily fund statement and processing payments for vendors, contractors and employees.
• Preparing monthly, quarterly, and annually sale forecast for company.
• Month end closing and accruals follow up on monthly basis from all the departments.
• Reviewing of team work and ensuring all transactions are recorded in accordance with international accounting standards.
• Fixed assets management i.e. addition, disposals, depreciation and amortization.
• Preparing and filling of VAT returns for KSA.
• Assist in budget preparation and expense management activities for assigned accounts.
• Assist in audit by providing necessary information and requested documentations to auditors (KPMG).
• Overall planning of audits, conducting initial planning meetings with clients to understand & co-develop expectations and designing audit strategies in consultation with the Audit Manager, after assessing the underlying audit risk in the light of the assessment of the client’s overall control environment.
• Obtaining a thorough understanding of the nature of the client’s business, the business and regulatory environment in which it operates, SWOT analysis, identification of critical success factors and key performance indicators, initial overall analytical review, understanding major business processes, analysis and testing of internal controls at the interim and final stages and detailed testing of significant account balances and transactions.
• Manage external, internal, operational and fraudulent audits.
• Reviewing work of supervisors and recommending corrective actions for maintaining quality of services.
• Report audit findings and recommendations to appropriate management based on the results of regularly scheduled audits, non- scheduled audits, and at any time when issues need to be addressed by management.
• Conduct follow-up reviews of financial, operational, or regulatory compliance deficiencies noted during audits.
• Responsible for analyzing audit data and observations and documents audit conclusions and findings.
• Introduced tactical and strategic solutions to mitigate control weaknesses identified during the course of audit engagements.
• Providing additional help and guidance to clients on a consultancy basis.
• Identifying ways to maximize the relationship with clients and deliver added value.
• Ensure me and my team comply with entity’s risk management requirements.
• Recording of daily transaction as per IFRS
• Handling all Parties Payments (Cheque and Cash Payments).
• Preparing bank Reconciliations.
• Preparation of Admin & Production staff salaries.
• Doing timely Monthly closing
• Assist in preparing P&L, Notes to the accounts and cash flow statement of the company.
• Different types of reports (sales, purchase and payment reports, aging analysis)
• Assist in budget preparation and management activities.
• E-Filling corporate, income tax, sale tax and withholding returns.
• Identify and resolve invoicing issues, accounting discrepancies and other financial related issues