Chief Accounting Officer
Steakhouse, Sultan’s
Total years of experience :11 years, 7 Months
• Developed a plan for accounting and auditing departments.
• Managed, supervised, and trained 3 accountants in Riyadh and Jeddah.
• Developed a new policy of cash management & eliminated the dependence on cash payments to minimum by 20%.
• Succeeded in launching and maintaining a new ERP Accounting system.
• Monitored financial transactions, receivables, payables, projected cash, and fund flows.
• Responsible for maintaining and balancing the general ledger in an accurate, complete, and up-to-date manner.
• Performed all activities related to the accounts payable function including reviewing, coding, and processing payments.
• Performed payroll functions in an accurate and timely manner.
• Managed account receivable functions including invoicing, deposits, collections, and revenue recognition
• Responsible for monthly bank reconciliation reports and preparing Monthly/Quarterly Budget.
• Acted as chief liaison for internal/external audits.
• Interpret and apply accounting policies, rules, and regulations in order to ensure compliance with applicable standards.
• Responsible for forecasting the costings, cash flows, and increasing positive profitability.
• Prepared monthly VAT reconciliations & reports and submitted them to ZATCA.
• Monitoring inventory levels to ensure that the working capital is allocated efficiently.
• Prepared and implemented the company’s financial plans and strategy in line with the goals and objectives of senior management.
• Developed and presented analytical trend reports to owners and shareholders.
• Authorized payments, bank reconciliation and depreciation calculations.
• Oversees the accurate and timely management reports and financial statements.
• Ensures the good analysis of financial information.
• Ensures that the appropriate accounting control procedures are applied.
• Ensures the continuous management and support of budget and forecast activities.
• Approves the final version of plans, budgets and forecasts to be submitted to the board.
• Ensures accurate and timely monthly, quarterly and year end reporting
• Analyzes and advises on business operations including revenue and expenditure trends, financial commitments and future revenues
• Analyzes financial information to recommend or develop efficient use of resources, and provides input to strategic decisions
• Supervises the proper updating of the chart of accounts and the list of analytical accounts, transfer charges and cost accounting definitions necessary to perform the controlling missions
• Ensures financial records are maintained in compliance with accepted policies and procedures, thus ensuring accurate and appropriate recording and analysis of revenues and expenses
• Resolves accounting discrepancies and irregularities
• Establishes and monitors the implementation and maintenance of accounting control procedures
• Compiles and analyzes financial information to prepare financial statements including monthly and annual accounts
• Ensures the timeliness, accuracy and quality of all financial reporting.
• Monitors and supports taxation issues
• Supports auditors in the financial audit preparation and coordinates the audit process
• Performed reconciliation of general ledger and accounting transaction reports for accuracy
• Performed month-end and year-end closing.
• Managed accounting staff to ensure month closing deadlines were met
• Assisted CFO in annual audits and updated accounting policies
• Prepared daily cash collections and bank deposits
• Inspected and verified all payment vouchers before payment is made.
• Examined and analyzed journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records, documents and systems of individuals, departments within organizations, businesses or other establishments to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controls
• Prepared detailed reports on audit findings and make recommendations to improve individual or establishment's accounting and management practices
• Conducted planning, organizing, controlling and audit assignments
• Prepared management letters to the clients highlighting weaknesses in controls environment
• Advised on improvements in operations and reductions in costs
• Performed special reviews, internal audits and made recommendations for corrective actions of unsatisfactory conditions