Chief Accountant
Midis group
مجموع سنوات الخبرة :25 years, 4 أشهر
During these years I was able to enhance and develop my skills in all financial, accounting and technical issues by handling many tasks in different fields and below some of it:
• Project module accounting Revenue recognition And long experience in the insurance module accounting
• Control the allocation on general Ledger of daily transactions (receivables, payables and all other journal vouchers) to assess accuracy, completeness and conformance
• Develop and maintain reports for monthly accrued expenses, provisions (AR, WIP, Bank Guarantees…), depreciations (Fixed assets, Stock …), Payroll, prepayments…
• Control the AR with collection department for the best Aging report and a better AR Turnover ratio
• Prepare Incentives and commissions payable of GM, brokers, Sub producers, Collectors, all by line of business on monthly basis
• Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax requirements. (VAT, gosi, zakat, Income Tax And Withholding tax)
• Monthly financial reports: Balance Sheet, Income statement, Statement of cash flow… and quarterly Governmental reports such (SAMA reports for insurance companies)
• Sales reporting, statistical reports Sales supports, branch presentations, to the head office and GM
• Stock Valuation report and control inventory
• Prepare yearly budget and analyzing last year performance and variance analysis
• Propose policies and procedures to minimize department risks and Implement new strategies to enhance all financial ratios
• Support the external and Internal Auditors and provide them with the most accurate and reliable reports and data on Time
A long experience in all financial, accounting and technical issues where I was able to enhance and develop my skills by handling many tasks in different fields and below some of it:
• Manage project module accounting and recognize the Revenue on percentage of completion
• A long experience in the insurance module accounting
• Control the allocation on general Ledger of daily transactions (receivables, payables and all other journal vouchers) to assess accuracy, completeness and conformance
• Prepare and monitor monthly: Payroll, prepayments, Depreciation fixed assets, reconciliations, provisions (Terminal benefits and other)
• Support the collection department by generating the Aging report on monthly basis and reconciling the big and complicated accounts of the big clients
• Control the cost of revenue by Preparing and reviewing the related commissions payable to the brokers, Sub producers, Collectors, all by line of business on monthly basis
• Issue the financial reports: Balance Sheet, Income statement, Statement of cash flow, monthly after closing and quarterly, semi-annual and at year end
• Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax requirements. (Gosi, zakat, Income Tax And Withholding tax)
• Prepare the "Semi-Annual Financial Reporting Forms for Intermediaries" which is an official report presented to Saudi Arabian Monetary Agency (SAMA), including: Balance Sheet, Income Statement, Written Premiums, Commission Earned, Fees Earned in Respect of Business, Accounts Receivables From/ Payable To Major Insurers and Reinsurers also for Policy Holders and Clients
• Prepare yearly budget with CEO and CFO and analyzing last year performance and variance analysis
• Propose policies and procedures to minimize department risks
• Support the external and Internal Auditors and provide them with the most accurate and reliable reports and data on Time
• Creating internal reports on oracle excel and access to enhance the control for a high reliable results
• In AR Implemented new strategies to raise the monthly collection percentage due, such Applying Monthly Target to every collector to be achieved, Rotating the clients or brokers to be followed by the superlative collector according to his address to his mood,
• Following the legal actions with the bad debt files such sending a written notice or transferring the file directly to the lawyer
• Sales reporting, cash flow reports, statistical reports Sales supports, branch presentations, to the head office and GM
• Stock Valuation report and control inventory
Collection Department’s Manager - CUMBERLAND Ins. & Reins.
• Started from establishing the department i have developed the Collection Exploitation software on Visual Basic and Access and after two years we reverse it to Oracle
• A big enhancement was observed by the CFO from the first few months on the clients aging accounts
• Implemented new strategies to raise the monthly collection percentage due, such Applying Monthly Target to every collector to be achieved, Rotating the clients or brokers to be followed by the superlative collector according to his address to his mood, and To motivate the collectors I have invented a tranches different rates to Calculate the commissions and the charges to be paid to the brokers at the end of each month
• Updating data on daily basis to notify the brokers and clients of any unpaid installment due to avoid any delay
• Following the legal actions with the bad debt files such sending a written notice or transferring the file directly to the lawyer
• Supervising monthly broker’s payments to the company to avoid any unsettled policies and help the broker on collection when he asks to.
• Reporting all the above to the CFO
• Senior Accountant - DOUYOUN sal.
• Control daily accounting transactions and General Ledger
• Monitor the cash flow on daily basis by supervising the cashiers and the banks collection accounts
• Organized the collection of 20, 000, 000$ Credit loans (90% of it for saradar bank)
• I was responsible to make the Payroll, fixed assets depreciation, Reconciliations on monthly basis.
• Prepared monthly and quarterly all the government taxes reports such (V.A.T. + C.N.S.S + Salaries Income Taxes…)
• Calculate the commissions of the collectors on monthly basis
• I reported monthly to the internal auditor and yearly to the external auditor all the transactions with the Trial Balance and interact with them in completing audits.
1999-2000 Branch Accountants
• Responsible of the branch sales accounts of clients and handling their credit control.
• Rooting the trucks by giving them a map of their daily lap to keep contacting all the clients consecutively weekly or more frequently for big clients
• Keep on Controlling the inventory on daily basis for each salesman by checking his sales and his returned items
• Sales reporting, cash flow reports, statistical reports Sales supports, branch presentations, to the head office
• Stock audit and control the warehouse inventory
• Monitoring Branch Credit control and the collection
2000-2002 Accountant In The head office Finance Department
• Handling the first raw materials Stock by controlling the purchase from outside and inside Lebanon
• Handling the fixed assets by applying the depreciation and movements such selling or buying some new assets, noting that the company has a huge transactions of fixed assets starting from the big Trucks to the small coolers in all over Lebanon
part 1: External Financial Reporting Decisions-Planning, Budgeting, and Forecasting-Performance Management-Cost Management-Internal Controls part 2: Financial Statement Analysis-Corporate Finance-Decision Analysis-Risk Management-Investment Decision-Professional Ethics
Four years of studying first two years were pure math and second two years on computer sciences
