ACCOUNTING, PRICING, BILLING & CREDIT CONTROL MANAGER
(SECUTRONIC) AL EATESAM MODERN MARKETING COMPANY
مجموع سنوات الخبرة :26 years, 8 أشهر
SecuTronic, founded in 2001, is a leading security solutions provider and systems integrator in the Middle East.
SecuTronic solutions are blended with project management ensuring productive interaction with the customers
from the consultation & design phase to execution, and after-sales.
Key Responsibilities
Led restructuring and correction plan with a team of seven accountants, to enhance outputs of financial accounting, reporting, budgeting, and controlling functions.
Lead ERP upgrading project from Microsoft AX to Microsoft 365.
Implement data cleansing project on Microsoft AX to validate, verify, and remap all module data (Fixed Assets, AR, AP, Inventory, Projects, GL).
Develop internal control procedures for operation activities to minimize delay risks and decrease the cash conversion cycle.
Perform month-end closing in a timely and accurate manner.
Liaise with auditors to ensure smooth completion of the annual audit.
Calculate and prepare Zakat and VAT returns and file the same within the due date.
Started as a manpower company that walked a successful 10-year path in the Saudi market, helping successful partners and individuals. Day after another, our business expanded until we became the first choice of the biggest companies in the Kingdom once they sought professionals, manpower, and qualified workers. When you look across the SMASCO group of companies as a whole, you will find out they cover so many regions around KSA. We are in every industry and every market. If they need a permanent manpower solution, we help them find out what they need. If they need their project outsourced to be on the ground in a different region, we are up to it. If they need us to take over an entire mission like a market search, we get that covered. If any one of our customers has a need, we can deliver and get the same service. You are going to get the same culture, the same value system, and the same delivery and service you need with the high expectations you have.
Key Responsibilities
Led a team of seven accountants to meet financial department objectives.
Prepared and controlled cash flow to meet the company’s current and future financial requirements.
Collaborated with the collections department to review accounts, client payments, credit history, and develop new or better repayment terms.
Developed annual budgets, quarterly forecasts monitored risks and opportunities in ongoing business activities against plans.
Review Provision, aging & collection reports.
Production reports
Credit Monitoring & Control Policy
Collection & Payment Reminder
Client Communication
Monitor Confirmations
Daily control to find solutions to all the problems that arise daily between departments (sales, bookings, and financial) and peer conflict with the application and implementation of the sales and financial policy in the company.
Implementing & improving the internal control systems
Submit delinquent accounts to attorneys (legal) or outside agencies for collection (bad debit/write-off).
Quarterly sales performance reviewing and furnishing sales managers with variances analysis.
• Provide and interpret financial information.
• Business modeling and forecasting.
• Monitor performance and efficiency.
• Participate in strategic planning, and formulate long-term business plans.
• Research and report on factors influencing business performance.
• Assets management (accounts receivable, account payables).
• Risk assessment and management.
• Policy & Procedure Development.
• Implementing and improving the internal control systems.
• Applying the relevant Accounting Standards in accordance with IFRS and SOCPA.
• Pricing and competitor analysis.
• Develop complex finance models.
• Conduct reviews and evaluations for cost-reduction opportunities.
• Oversee budgetary control & monitor cash flow.
• Review aging & collection reports.
• Submit delinquent accounts to attorneys or outside agencies for collection.
• Approve or reject, or coordinate the approval or the rejection of, lines of credit and
commercial, special discounts and sales team incentives.
• Communicate with IT staff & programmers to develop the software as much efficient.
• Member in company’s budget committee.
• Supervise accounting & billing staff (10 persons).
• Interview & recruit staff members, and oversee training programs.
• Prepare a monthly executive presentation that highlights the key drivers of the financial
statements variances vs. the Budget and prior year comparison.
• Prepare high quality financial information and monthly updates of quarterly financial metrics
presentation for the group’s holding Company (SRMG / Saudi Research & Marketing Group).
• Direct the planning and development of operating budgets for the company, in coordination
with the finance Director & sales director.
• Coordinates the development of budget guidelines, and budget documents.
• Compiling and analyzing accounting records and other data to determine the financial
resources required to implement a project (Capital Budgeting).
• Providing advice and technical assistance with cost analysis, fiscal allocation, and budget
preparation.
• Recommends and participates in the development of policies and procedures; may serve on
Planning.
• Quarterly sales performance reviewing and furnishing sales managers with variances analysis.
• Reviewing monthly collection performance to determine whether branches comply with credit
policy.
• Responsible for the requirements analysis for developing finance & accounting software.
• Establishing new accounting software for OUTDOORS business in coordination with operation
department & IT staff.
• Work with the General Manager to prepare the detailed annual budget and monitor annual
budgeting and forecast processes
- Cash management: Cash forecasts, monitoring cash flows, daily cash management, loans & deposits, wealth management solutions, monitoring bank facilities in all aspects & new facilities generation, updating existing facilities, managing Short and Medium term lending and financing,
- Ensuring compliance with policies & procedures.
- Reporting: Preparing and analyzing management reports.
*Ensure that effective accounting policies and procedures are in place and implemented to meet requirements of the Company.
*Analyzes, consolidates, and directs all cost accounting procedures together with other statistical and routine reports.
*Manage the financing needs and strategies on optimum financing plans.
- Issuance of LCs & LGs: Reviewing, negotiating & approving issuance of letters of credit & letters of Guarantee & other Export Documents.
- Monitoring Accounts Receivables: A/R & collections process follow up, assessing credit terms & related risks, evaluating doubtful debts provisions and monitoring credit policies.
• Reviewing daily activities of credit and collection staff and maintenance of supporting records; monitors accounts receivable activity and makes adjustments to meet budget goals; recommends solutions to related internal and external problems and reviews collection reports to ascertain status of collection and balances outstanding and to evaluate effectiveness of current collection policies and procedures.
• Auditing delinquent accounts considered to be uncollectible to ensure maximum efforts have been taken before assigning bad debts status to account
• Reviewing accounts for payment status and follows up on individual accounts; investigates problems in overdue payments; recommends submission of accounts to outside collectors when indicated; makes adjustments as necessary.
• Lead & supervising a team of accountants and collectors, and guide the high management in crucial decision making.
• Preparing the cash flow analysis periodically and recommending improvements accordingly.
• Interacting with and providing verbal and written responses to clients.
• Establishing credit limitations and credit guidelines on customer account.
• Supervise accounting & billing staff (3 persons).
• Establishing the chart of accounts and apply it in the software.
• Preparing and maintaining general subsidiary ledgers (monthly banks accounts reconciliations, cash collections, aging of accounts receivables, monthly customer’s statement of accounts payable to principals and suppliers, employee’s dues and benefits and payroll and social security, depreciation of properties, and other operating expenses).
• Responsible for following up all accounting treatments & monthly analysis reports of sales, expenses & accounts receivable & accounts payable.
• Preparing financial reports, detailing reports of assets and liabilities, capital, balance sheet, profit and loss statement and other related reports to summarize current company’s position.
• Coordinating with external auditors in preparation of schedules, supporting documents and all relevant paperwork in preparation for annual audit, final and adjusted income statement and balance sheets.
• Dealing with Letters of credit and Letters of guarantee.
• Preparing the financial statements that were used by company’s management for decision making.
• Prepared GST (General Sales Tax) return.