Senior Accountant
Ahmed Abdullah Hamad Al Essa Company – Riyadh
Total years of experience :15 years, 6 Months
• Spearheading the Payable department and monitoring all payables transactions and processed accurately on a timely basis and weekly disbursement process.
• Organize all company financial programs and ensure compliance to budgetary requirements.
• Finalizing Annual Business budgets & monitoring for variances, conducting review & draw variance analysis between provisioned & actual financial figures to the business with recommendations for decision making.
• Reviewing financial data & preparing monthly & annual reports, conducting research and analyses of financial reports and market trends, and presenting financial reports to board members, stakeholders, executives, and clients.
• Finalizing & reviewing monthly, quarterly, and annual financial statement, and ensuring statutory compliances of policies & accounting standards.
• Timely resolution of escalations for key accounts, Cash Flow on Weekly basis and manage the cash flow position.
• Preparing all disbursement journals and supporting documentation for approval.
• Payments related all activities expertise in SAP. Preparing journal entries relating to accruals, prepaid expenses, and provisions.
• GL wise, Vendor and Bank reconciliation. Reconciliation of control accounts. Reconciliation of Landed Cost.
• Review and highlighting of exceptional items if any on monthly basis. Initiate all type’s payments through online channels.
• Resolving accounting issues & handling reconciliations in case of disputes, monitoring account payables ensuring optimum cash flow & maintain outstanding & dues as per agreed terms & organizational policy.
• Received “Outstanding Achievement Award” for the year 2020 by Alessa.
• Achieved accounting operational objectives by contributing accounting information and recommendations to strategic plans & reviews; preparing & completing action plans; resolving problems; completing audits; determining system improvements; and implementing change.
• Supervised all regular accounting processes such as A/P and Journal Entries plus monthly closure accounts.
• Met accounting financial objectives by forecasting requirements, preparing an annual budget, scheduling expenditures, analyzing variances, and initiating corrective actions.
• Maintained accounting controls by establishing a chart of accounts and defining accounting policies and procedures.
• Maintained financial security by establishing internal controls.
• Monitored and implemented all accounts payable check activation and wire transactions.
• Assisted departments in account reconciliation process on monthly basis. Monitor authorized account reconciliation process.
• Administered all bank transactions and oversee data recording procedures monthly.
• Provided support to auxiliary schedules for auditing purposes as per assigned work.
• Prepared journal entries and synthesize common ledger for subsidiary accounts. Collate bank statements on monthly basis.
• Designed and prepared audit schedules for external audit processors. Extended support to safe keeping of internal expenses.
• Monitor account reconciliation, tax, and calculations inclusive of cost accounting plus factory data recording processes.
• Confirmed financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; and preparing special reports.
• Manage and oversee the daily operations of the accounting department including month and end-year process, accounts payable/receivable, cash receipts, general ledger, payroll and utilities, treasury, budgeting, cash forecasting, revenue and expenditure variance analysis, capital assets reconciliations, trust account statement reconciliations, check runs, fixed asset activity and debt activity.
• Prepared Trial Balance, Profit and Loss and Balance Sheet (Monthly, Quarterly and Yearly Reporting).
• Prepared and recorded assets, liabilities, revenue, and expenses entries by complying and analyzing accounting information.
• Calculated depreciation for all fixed assets and records fixed asset acquisitions and dispositions in the accounting systems.
• Ensured accounting controls by suggesting procedures & policies. Mentor accounting clerical staff with relevant information.
• Prepared payments by requesting disbursements and verifying documentation.
• Establish and maintain fiscal files and records to document transactions
from