Director of Finance and Accounting
Asr Taqa Contracting Company
Total years of experience :18 years, 11 Months
Director of Finance and Accounting (Customers: Jockey Club, SEC, STC, SWCC, MOI, NGHA, MEWA, ALFanar)
*Key Responsibilities and Achievements:*
1. Financial Management & Operations Oversight
a. Supervised finance and accounting functions, ensuring seamless operations and financial integrity.
b. Managed cash flow and optimized working capital by analyzing debtors and creditors, enhancing financial resource utilization.
c. Reviewed and prepared comprehensive financial data for accurate Board Reports, maintaining transparency.
2. Strategic Financial Planning & Reporting
a. Prepared timely Management Accounts Pack, Forecasts, and Budgets, offering crucial insights for strategic decision-making.
b. Presented Management Accounts Pack with detailed commentary on variances against budget, forecasts, and KPIs.
c. Developed and maintained a Project Worksheet for real-time project analysis, optimizing cash flow and cost-efficiency.
3. Financial Relations & Compliance
a. Coordinated with financial institutions, securing substantial funds and tools to support operations.
b. Monitored Customer/Supplier receivables, maintaining strong relationships and financial integrity. c. Ensured compliance with statutory & internal audits, ensuring accuracy and regulatory adherence.
4. Cash Flow & Risk Management
a. Managed revenue invoicing and client payments, enhancing cash flow management.
b.Implemented strategies for governance, risk management, and internal controls, preventing financial malpractice.
5. Taxation & Record-Keeping
a. Oversaw Monthly VAT return, Zakat, & Withholding calculations, ensuring meticulous tax compliance.
b. Conducted monthly and yearly accounting closeout procedures, maintaining accurate financial records.
6. Leadership & Team Development
a. Established and led a core team in finance, accounting, and warehouse management, fostering a culture of collaboration and excellence.
b. Performed accounting closeout procedures on a monthly and yearly basis, maintaining accurate financial records.
*Key Achievements*
i. Collaborated with Inma Bank, Tarmeez Capital, and RJ Holding, securing substantial financial support.
ii. Successfully audited disputed financials for FY19, FY20, FY21 & FY22 ensuring accuracy and compliance.
iii. Tailored and implemented policies enhancing operational efficiency and governance
Finance & Accounting Manager (Restaurant Brand Name: CATCH22, AWANI LEVANT, OPERATION FALAFEL)
1. Preparing and reviewing Financial Statements on a Monthly and Annual Basis.
2. Supervising overall accounting functions and operations.
3. Respond to accounting inquiries from management in HQ DXB.
4. Coordinate with Bank in regards to Loan and other banking facilities.
5. Review, verify and approve Local Purchase Orders for the general tasks.
6. Review and recommend changes to existing accounting procedures.
7. Keeping records for 3 ongoing projects within the country.
8. Supervision and control over HR-related tasks.
9. Assist in budget preparation and expense management activities for assigned accounts.
10. Reviewing bank reconciliation every month. Guide other Accountants when needed.
11. Carrying out all necessary day-to-day responsibilities and supervision over daily accounting activities, including journal entries, accounts payable/ receivable, bank deposits, invoicing, collections, etc.
12. Assist in audit activities by providing necessary information and preparing requested schedules and documents.
13. Monitor and record financial transactions according to company policies and regulations.
14. Review and verify payroll sheets for employees under company sponsor & coordinate with outsourcing Manpower agencies on timely salary
disbursement.
15. Identifying any potential non-conformities and reporting them to the Lead Manager.
16. Preparing and verifying accounting reports and submit to the Top Management.
17. Working in Excel’s JET application to formulate P&L & Balance Sheet reports.
18. Monitor the sales of restaurants, Central Kitchen, and Warehouses.
19. Provide secretarial assistance to General Manager concerning GAZT, GOSI, MUDAD, “CCHI reviews for DXB” staffs & all tasks related to
ministries and landlords.
20. Handling the concerns and complaints raised by outsourcing agencies and suppliers like Invoice disputes, Balance confirmation, and payment
of their financial dues.
21. Developing accounting system, participating in preparation of internal accounting cycles.
22. Reports to Finance Director in Dubai (HQ) and General Manager in KSA.
Key Result Areas:
* Monthly progress and Management reports
* Cash flow Projection compare actual and forecast on a monthly, quarterly and yearly basis
* Formulate the annual budgets and 6/6 yearly forecast, monitor the same on a monthly basis.
* P&L analysis variances between budgeted and actuals on a monthly basis
* Calculate dividend and make timely payments to Shareholders
* Performing and working as In-charge of month-end & year-end closing procedures
* Supervision on subordinates for closing entries and assist for preparing TB, BS, P&L, and Cashflow on monthly basis
* Ensuring compliance of accounting procedures, guidelines, and policies
* Assisting with monthly accruals for revenue and cost, formulating and posting same in SAP
* Assisting with preparation of Bank reconciliation, AP & AR aging reports
* Maintaining accuracy and on-time recording of Accounts Receivable and Accounts Payable activities in SAP ERP
* Overseeing complete receivables, following up with KEMYA(Plant) & SABIC(Shared Service) for timely payments
* Issuing contractual & normal Invoices, issue a Credit & Debit note in SAP if required.
* Liaising with Auditors(Ernst & Young), Tax advisor(Al-Sudais) & ISO consultant, assist with the preparation of schedules,
explanation provided during the course of an audit, ensured audit finalization for 2015, 2016, 2017 & 2018 (with PKF & EY)
* Assist with preparation of VAT return filing, WithHolding Tax, Income Tax & Zakat, required documents are well kept for calculation
& verification purposes. Admin user for GAZT portal
* Administered SABIC’s vendor portal (SUS) for solving queries, upload Invoices, follow-up on payment and solve other related issues
Highlights:
• Developed authorization metrics & integrated and implemented the SAP system with the support of HQ (Singapore Team)
• Played an effective role in the process enhancement, work efficiency, and cost savings
• Maintained Good relations with top Customers, JV Partner, Banks, and statutory adviser
• Worked smartly by creating macros in Excel and reports by using advanced formulas
• Recruited, hired, mentored, and lead a core team of Finance and Accounting
• Assisted management for getting correct costing method with a typical business contract
Warehousing Projects & Logistics Company - WPL, Dammam, Saudi Arab
Head of Accounting Department (Activities: Warehouse Leasing, Warehouse Construction & 3PL Logistics)
1. Led the financial & accounting activity in the company.
2. Recognized and reported potential cost issues of the project.
3. Developed and distributed weekly and monthly project cost curves & reports.
4. Reconciled customer balances and bank reconciliations on a monthly basis.
5. Provided inputs to Chief Executive Officer on Commercial decisions.
6. Coordinated all aspects of cost capturing, monitoring and forecasting efforts for assigned projects.
7. Took adequate measures to monitor cash inflow/outflow towards the accomplishment of ongoing projects.
8. Assisted with inspecting completed project cost / cost of renovation of warehouses to ensure all requirements are met perfectly.
9. Worked closely with the Planning Coordinator to maintain and ensure project data integrity.
10. Established and implemented internal control disciplines to maintain integrity & accuracy of financial reports and projects.
11. Assisted with customer invoices, receipt voucher and tracked collections of operation revenues.
12. Coordinated with MODON, Saudi Railways to get support in due payment relaxation, assisted with confirmation of balances.
13. Generated in-house Financial Report, engaged in monthly closing of the books of accounts.
14. Ensured audit finalization for 2012, 2013, 2014 with Grand Thorton and 2015-16 with Talal Abu Ghazaleh.
15. Scrutinized complete accounting documents of 2012 & 2013, successfully completed the audit for the same.
16. Worked on Al-Baseet Arabic Software for 2012 & 2013 for audit purpose.
17. Successfully implemented “FOCUS 6” ERP software & worked on it from 2014 onwards.
18. Enabled monthly closing of books of accounts, Budget & management report.
Highlights:
i. Designed protocols & played a key role in implementing the accounting system (FOCUS 6) and process enhancement.
ii. Recruited, hired, mentored, and led a core team of Finance and Accounting aspects.
iii. Worked smartly by using advanced formulas and creating macros in Excel.
iv. Played a big role in accelerating new projects in Dammam, Madinah and Jeddah, super control over cash inflow & Outflow
(Brand Name: Geant Hypermarket, Le Marche, Le-Petit Marche, Geant Easy, and Bistro Coffee Shop)
As a Supervisor of General Accounts, Dubai & Kuwait
1. Managed General & AP Department.
2. Prepared: i. BS, P&L and Cash Flow on a Monthly reporting
ii. MIS for 2 stores with consolidation on monthly reporting
3. Assisted Finance Manager and Group Finance Head on (i) daily fund position, (ii) Income on Early payment discount, (iii)FD report.
4. Coordinated with Store’s Section and Department Manager for inventory and department related reports
5. Self-disciplined approach to work, worked independently.
6. Jobs during new store construction and renovation in Kuwait:
i. Preparation of Project planning and Cost analysis with coordination of inhouse Project Manager for new store construction.
ii. Preparation of Project Analysis & growth report.
iii. Payment disbursement, keeping track & control over purchases.
iv. Liaised with Sub-contractors, verify the quotation and Purchase Order & follow up for job completion.
v. Prepare the manpower supply and CTC with coordination with HR Team.
7. Liaised with other branches for inter-company transactions with the coordination of Section & Department Managers.
~ As Accounts Clerk at Geant Hypermarket, Dubai, UAE
1. Checked and processed invoices in Gold Accounting application; verified vendor invoices and validated the same in accounting
software; updated payable accountant the variances in vendor Invoices.
2. Analyzed data in Excel and validated the info in Gold accounting Application.
Highlights:
i. Worked smartly by creating macros in Excel and using advanced excel formulas to speed up the work.
ii. Played a big role in accelerating the new store construction.
iii. Accelerated the accounting process by using smart technics for invoice booking and validation.
Accountant (DISTRIBUTOR OF: DABUR, AMUL, KISSAN, HINDALCO, Etc.)
1. Checking purchased Invoices and rectify the discrepancies. Recording/posting of Invoices in Tally 6.3 & FoxPro Based software.
2. Handling of statutory payments like TDS, excise duty, VAT/CST.
3. Prepared payments twice a month for the suppliers and forwarded the same for signature.
4. Debtors & Creditors Reconciliation on monthly basis or as per requirements and attended to their queries.
5. Issued invoices to customer and follow-up for the payment with salesman.
6. Attended the physical stock-takes (inventory), checked the stock in the warehouse as per the requirement, especially for DABUR & AMUL products and make the adjustment if needed for item received in free but not entered in the system.
7. Scanned all items through PDT scanner and Calculate the Shrinkage Report after the stock take.
8. Controlled & handled goods uploading & unloading at the warehouse.
9. Reports to Accounts Manager & Director.
Certificate of Membership - SOCPA
Training for Value Added Tax working and filling
Studied: Part 1: Financial Planning, Reporting, Performance & Control, Part 2: Financial Decision Making
Associate Certificate Tally ERP9 (2012)
Financial Accounting and Auditing (2004)
courses: Certificate in Computing-CIC
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