Accounting Manager
Mashar Water Bottling Company
Total des années d'expérience :20 years, 9 Mois
As an experienced Accounting Manager, I excel in overseeing and evaluating the intricacies of daily accounting operations, ensuring every financial transaction is meticulously tracked and assessed. With a keen eye for detail and a commitment to operational excellence, I ensure that accounting controls are not only established but maintained effectively. My analytical skills are leveraged to provide insights into business operations, aiding in the optimization of resource utilization and the proposition of strategic solutions to fiscal challenges.
Possessing a strategic understanding of financial analysis, I have consistently delivered detailed reports and statistics that underpin financial results, facilitating informed decision-making at the highest levels. My proficiency in month-end close processes and accounts analysis reflects my comprehensive grasp of the nuances of accounting workflows. Collaboration with both internal and external auditors has been a cornerstone of my role, ensuring seamless audit processes and the maintenance of impeccable records.
My experience extends to the adept management of the general ledger, ensuring up-to-date, accurate, and verifiable accounting transactions.. My responsibilities span the comprehensive management of accounting procedures including the monthly and yearly closing processes, administration of accounts payable and receivable, cash management, ledger maintenance, and payroll oversight. I am adept in treasury management, adeptly handling budgeting, cash flow forecasting, variance analysis, and the reconciliation of capital and fixed assets. With a forward-thinking approach, I stay updated on the latest finance and accounting best practices, applying this knowledge to optimize financial operations. My administrative acumen and ability to analyze financial statements have consistently contributed to the strategic planning and fiscal stewardship of my employers.
Integrity and confidentiality are paramount in my approach to work, and I am committed to upholding the highest professional standards while handling sensitive information. My readiness to embrace additional responsibilities and adapt to the evolving nature of accounting makes me a valuable asset to any finance team, poised to address challenges and drive success.
Here are my achievements working in Mashar Water Bottling Company
1. Streamlined accounts payable processes, leading to a 3% decrease in payment cycle times.
2. Developed and implemented a comprehensive budgeting and forecasting system, resulting in a 5% increase in forecast accuracy.
3. Led a successful ERP system implementation, leading to a 4% improvement in operational efficiency.
4. Implemented a rigorous internal control system, resulting in a 4% reduction in financial reporting errors.
5. Led a successful team in achieving a 99% accuracy rate in financial statement preparation.
6. Developed and executed a cash flow management strategy, resulting in a 20% increase in cash reserves.
7. Achieved a 99% compliance rate in tax reporting and filing processes.
In my role, I diligently perform evaluations of financial statements to optimize daily operations and streamline workflow practices. My attention to detail is critical in guaranteeing the accuracy of end-of-month financial documentation through meticulous scrutiny of all relevant records. I play a pivotal role in the annual audit by providing assistance that allows independent auditors to thoroughly review the company's comprehensive financial past and current standing. My responsibilities also include;
**Key Responsibilities:**
• **Financial Reporting and Analysis**
- Spearhead the review and preparation of manual journal entries to support accurate monthly, quarterly, and annual financial reporting.
- Conduct in-depth financial and trend analyses to identify variances, communicate findings, and provide detailed explanations to management.
- Generate timely and comprehensive financial reports for internal stakeholders, ensuring precision in financial statements and supporting schedules.
• **General Ledger (GL) Management**
- Oversee the maintenance of the General Ledger (GL) module, including the Chart of Accounts (COA), ensuring the integrity of financial data.
- Administer calendar updates and manage the opening and closing of accounting periods to maintain orderly financial tracking.
• **Journal Entry Processing**
- Manage both recurring and non-recurring journal entries, ensuring accurate representation of financial transactions.
• **Documentation and Compliance**
- Diligently verify, validate, and maintain proper accounting records, ensuring all journal vouchers are filed and accounted for appropriately
• **Closing Procedures and Collaboration**
- Collaborate closely with sub-module teams to streamline processes and meet critical monthly and yearly closing deadlines.
- Support the accounting team in achieving timely closing procedures and ensuring the delivery of financial deliverables.
• **Audit Support**
- Facilitate both internal and external audits by providing necessary documentation and assistance, reinforcing the organization's commitment to financial transparency and compliance.
• **Professional Development**
- Proactively enhance job knowledge through ongoing educational opportunities, staying abreast of industry best practices and regulatory requirements.
In my 5 months as the Accounting Manager, I successfully collaborated to ensure accurate and timely daily transactions, facilitated monthly general entries, prepared reconciliations and interim financial statements, provided key support on tax matters, monitored and reviewed tax filings, facilitated planning and reporting, and contributed to the implementation of Internal Controls and governing policies.
1. Successfully managed a 99% on-time payment rate to vendors
2. Implemented a comprehensive interim financial reporting system, resulting in a 20% increase in report accuracy and reliability.
3. Led a successful internal control audit, resulting in a 6% reduction in control weaknesses.
4. Successfully managed a 95% accuracy rate in financial forecasting and planning.
5. Developed and executed successful cost-reduction strategies, resulting in a 8% decrease in operating costs.
As the Finance Manager of Thamarat Alkhair Company for 5 months, I successfully led the implementation of the Xero Accounting System for various product costing and pricing, tax reporting, and financial preparation and reporting. This cutting-edge system allowed for more efficient and accurate financial tracking and reporting, leading to improved decision-making and streamlined processes.
Achievements in financial actions included a 8% reduction in overhead costs by accurately tracking product costs and implementing more precise pricing strategies.
Furthermore, the implementation of the Xero Accounting System led to a 7% reduction in financial reporting time, allowing for more timely and informed decision-making by the management team. This innovative financial management approach has significantly contributed to the overall success and profitability of Thamarat Alkhair Company.
● Oversee financial functions including budgeting, planning, forecasting, accounting, variance analysis, financial reports and P&L responsibility
● Conducted scenario analyses optimizing operational & financial resources while slashing risk, boosting company assets, directing activities related to the accounting activities, in accordance with SOCPA GAAP and in coordination with international standards IAS and IFRS.
● Crafted firm profitability plan, successfully boosting net income in a year period.
● Created several MS Excel conditional formatting and advance functions in financial reporting for automating processes as well as graphics, cutting work, boosting operational efficiency
● Spearheaded implementation and launched new enterprise-level software systems. Trained all employees on new systems, migrated data from old systems, streamline programs, synchronized with product / reporting needs.
● Instrumental in pushing models in business in achieving from previous year in sales this year to over increase in sales revenues in the face of current time’s economic challenges by implementing aggressive cost containment strategies.
● Created a reports written in Power BI or Business Intelligence to chart financial data that drastically influenced company's ability to perform financial analysis in more innovative way.
Furthermore, my proactive approach to identifying and addressing departmental bottlenecks has led to significant improvements in operational efficiency. I have consistently sought out opportunities to optimize processes and implement changes that have resulted in tangible improvements in overall throughput.
Overall, my dedication to driving financial success, coupled with my strong leadership skills and expertise in financial management, make me a valuable asset to Al-Jouf Water Company. Below are my achievements.
- Successfully optimized pricing strategy, resulting in a 6% increase in overall sales revenue.
- Implemented new financial tools and analysis methods that led to a 6% increase in profitability and a 6% reduction in operating costs.
- Led a cross-departmental team to identify and address bottlenecks, resulting in a 25% improvement in overall throughput
Highlights and Achievements:
● Analyzed and presented monthly operations review presentations highlighting financial performance and operational statistics
● Developed standardized office procedures and policies to ensure accuracy and continuity among processes
● Performed valuation studies, financial reviews, projected revenue streams and overall profitability of clients.
● Reduced 90+ days of outstanding Receivables.
● Identified and terminated excessive expenditures of sales team.
● Mentored Finance intern into a full-time financial analyst role.
● Structured and streamlined redundant day-to-day operations resulting in more accurate and timely financial information used in monthly financial reporting package
● Designed monthly KPI reports identifying trends in key financial and operating metrics providing direction for improving performance and achieving goals.
● Recruited, hired, mentored, and led a core team of new eight financial accountants for a total 0f 35 team staffs of Finance Department.
● Grew business revenues into a slide increase of YOY and distinguished the sales strong spots indicators and supports.
As the Assistant Manager at PEPSI Saudi Beverage Company, I played a crucial role in identifying risks and opportunities within the marketing budget for various product lines, including CSD, Aquafina, Lipton, Tropicana, Gatorade, and Exports.
One of my key achievements was performing in-depth gap analysis to identify variances from the budget and pinpointing key drivers and underlying root causes. By offering recommended remediation plans, I successfully reduced budget overages by an impressive 20%, demonstrating my ability to drive cost savings and improve overall financial performance.
I also demonstrated proficiency in beverage financial models, including concentrate adjustment for carbonated soft drinks, calculations for Top 5 and NQSR thresholds, sales curves, and cross-charges accounting. My strong command of financial modeling and analysis allowed me to provide valuable insights and recommendations for optimizing financial processes and achieving greater efficiency.
● Identified risks & opportunities to the marketing budget, indicating the likelihood of occurrence with concurrent financial impacts for CSD, Aquafina, Lipton, Tropicana, Gatorade and Exports.
● Performed in-depth gap analysis to address variances from budget. Identified key drivers and underlying root causes. Provided recommended remediation plans, ultimately reducing overages ..
● Diverse with beverage financial models such as concentrate adjustment for carbonated soft-drinks, calculations for Top 5 and NQSR Thresh-holds, sales curves and cross-charges accounting.
● Prepares and records asset, liability, revenue and expense entries by compiling and analyzing account information
● Summarizes financial status by collecting information, preparing balance sheet, income statement, cash flows and other statements
● A key team player in conducting study assessment and business valuations and by way of appraising to identify the present value of properties using financial modeling tools; assist company's projects in examining ROI, IRR, NPV and other mathematical tools relevant in these applications
● Assume responsibility for conducting pre-feasibility studies and feasibility studies together with the Project Team of Ewa'a Al Derah
● Conduct Corporate Strategy Analysis; prepare reports in relation to S-W-O-T analysis of the new business achievements, opportunities and targets
● Familiar with strategic planning, financial statement analysis, and cost-benefit analysis
● Valuation of Land and Building (Real Estate Project)—provide valuation/costing and pricing
analysis
● Continuously improve the competitive and market intelligence gathering and trend analysis with the collective effort of our Marketing and Project team
● Prepare, summarize, and classify accounts information, closing and post-closing entries, trial balance, periodic balance sheet, statement of income and expense and statement of cash flows, bank reconciliation statement, and other statements
● Check and review the correctness of prepared financial statements before City Accountant will certify
● Examine and journalize various disbursement vouchers and evaluate if other required attached documents therein are complete
● Record operating expenses, real property income tax collections and adjustments of accounts into the General Journals
● Post transactions to subsidiary ledgers and general ledgers, prepare certification of funds
● Confer with City Accountant and Assistant City Accountant regarding income and expenditures.
This course (MBA- Master in Business Administration) has helped me to widen my analytical prowess in terms of sound decision makings, effective strategies, proper dealing with problems in different setting of businesses, and a lot more. Moreover, conducting research study like Corporate Strategy Analysis is one among the best tools in this course. The same for a feasibility studies which have been enormously taken into consideration. Case studies, problem solving, new methods and approaches, styles and practices have been tackled especially into manufacturing, trading, servicing, IT and others. Strategic Management, development of business project, financial modeling, marketing and economics subjects, organizational and behavioral management, managerial accounting and quantitative techniques in business mathematics are some of many topics related to this MBA.
I studied and earned 19 units of this course before I shifted to MBA. Criminal Law, Civil Laws particularly the Family Code of the Philippines, legal writing, and other legalistic parlance were among my subjects under this course. Basic principles up going to the most elementary concepts of law and its complexity were significantly taken in my one semester of schooling. My thirst for knowledge may still even at my heart and my persistent to pursue this course is still at large.
This Bachelor's Degree course (Bachelor of Science in Accountancy) which was then started from June1995 to March 1999. Basic and advanced accounting concepts, terminologies and formula going to a more complex set up of accounting controls and procedures, study cases, basic feasibility studies were learned in this bachelor's degree.This was a required course before anyone can take a Licensure for Board Examination on Certified Public Accountant Title whom I successfully passed in October 2000 with a high passing rate.
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