Senior Accountant
Khalsa McBrearty Accountancy, LLP (KMA)
Total years of experience :8 years, 6 Months
• Successfully conducted various audit projects, analyzing substantial financial data to offer valuable insights and financial improvement recommendations.
• Took charge of maintaining and updating monthly financial accounting records on our client’s database, ensuring accuracy and efficiency while utilizing QuickBooks Online and QuickBooks Desktop.
• Applied in-depth analysis to extract valuable insights and formulate improvement recommendations for our clients.
• Took charge of maintaining and developing final audit reports.
• Responsible for monthly financial statement updates and presentations: Conducted monthly financial statement updates for NAH entities. Handled monthly board financial performance presentations.
1. Responsible for monthly Balance sheet preparation and presentation.
2. Responsible for monthly Income statement preparation and presentation.
3. Support any other entity's monthly financials and presentations as needed.
4. Monthly fixed assets accounts reconciliation.
• Responsible GL-related (monthly, annual) closing activities: Performing monthly closing activities for NAH entities:
1. Posting monthly revenue closing entries.
2. Posting monthly payroll entries for NAH, which includes 401K allocations, and payroll accounts allocations between NAH entities.
3. Supporting all closing activities as needed.
• Managing all related fixed assets monthly and annual accounts/activities:
1. (ASC 842): Responsible for recording both monthly and annual ASC 842 entries concerning all related leases.
2. Reviewing monthly depreciation and amortization.
3. Capitalization: reviewing capitalization process for CIP Construction-in-progress accounts at NAH and different related projects.
4. Responsible for monthly reconciliation for all fixed assets accounts at NAH.
•Monthly financial statements update: Handled monthly financial statement updates.
•Responsible for all GL-related (monthly/annual) closing activities:
1. Bank Reconciliations: Handled monthly communication with treasury to review all bank activities. Responsible for producing all bank reconciliation reports.
2. Accruals: Responsible for handling monthly and annual accruals. Monthly communication with all involved departments to accurately submit accruals.
3. Monthly Reversals and GL corrections as needed.
4. Handling all tax-related monthly and annual entries.
5. Recording monthly thrift plan.
6. Monthly prepaid activities: Posted prepaid monthly/annual entries.
•Responsible for all related fixed assets (monthly and annual) entries:
1. (IFRS 16): Handled all related IFRS 16 activities. Responsible for posting monthly and annual activities concerning lands and vehicles monthly depreciation and interests. Updating any new contracts when additional contracts are recognized.
2. Fixed assets and disposals: Handled monthly depreciation and amortization.
3. Inventory valuation: performed all activities related to inventory quarterly valuations.
4. Responsible for reviewing fixed assets-related transactions.
5. Posted AUC: (Assets under construction) settlements and capitalization entries.
•Responsible for Monthly financial performance report: Handled budget and OPEX sections to accurately record monthly financial performance report which was shared with both shareholders.
•Participated in quarterly annual board meetings and successfully delivered presentations to BoD (Board of Directors) representing the finance department.
•Responsible for Monthly OPEX report and quarterly accountability report. Prepared cost optimization for all cost centers during the fiscal year of 2019.
•Held meetings with all departments to achieve 2019-2020 cost optimization goals, which were delivered on time with above USD (12 M) in savings.
•Initiated and prepared the fiscal year 2020 business operating plan and budget for all cost centers and functions.
•Responsible for product costing which involved working with raw materials, work in progress, and finished goods costing, along with multiple variance analyses on each product. Tracked and evaluated the costs associated with raw materials procurement, manufacturing process, and final product delivery. This includes conducting comprehensive variance analysis to identify cost discrepancies and optimize cost control measures ensuring efficient operations and budget adherence.
•Prepared and delivered monthly financial reports and board financial packages to support the achievement of organizational objectives.
•Participated in the preparation of annual operating budgets.
•Prepared monthly variances for net income components for each business category Translated data provided from variance analysis into support and direction to concerned departments.
•Participated in business initiatives and supported new business initiatives.
•Performed detailed audit tests: by examining and evaluating policies and procedures for all company's cost centers.
•Prepared audit reports: accurately closed them on given specified dates.
•Participated in annual and quarterly asset verification checks.
•Participated in bid meetings to ensure policies and procedures were met in the vendor awarding process.
Position: Financial Analyst Jeddah, Saudi Arabia
Description:
• Participated in SAP FICO implementation project.
• Recorded expenses for ofshore IATCO companies.