Chief Accountant
AL JABER GROUP -KSA
Total years of experience :16 years, 8 Months
Key Responsibilities:
Reports to the Finance Director and responsible to manage day to day operations of Accounts and Finance Department in KSA, mainly Treasury management (Banking), Revenue, Account Receivable, Account Payable, Fixed Assets and Payroll.
Responsible for day to day finance and accounts operations.
Supervising & managing the team of 2 senior accountants and 5 accountants & reviewing all works done by them and approving it.
Checking of daily bank position & daily payment summary sheet before submission to FD.
Responsible for cash flow management, budgeting and forecasting.
Reviewing banks reconciliation.
Ensuring that reconciliation of vendors’ individual accounts with JDE before month closing.
Reviewing amortization of prepayments and accruals for month closing.
Responsible for uploading Company payroll (WPS), on the banking system.
Responsible for month closing and monthly reports to group Finance and Accounts
Responsible for monthly project costing and revenue
Supervise and prepare full set of periodic financial statements and ensure timely closing of period.
Working and submitting different types of reports with group accounts and finance.
Supervise project cost forecasts/budgets, cost tracking, monitoring and controls
Financial analysis of business result for top management
Preparation of annual budget, including cash flow forecast, by consolidating departmental budget in master budget
Checking of intercompany invoices and transactions and their recording in JDE and reconciliation.
Coordination with Banks for arranging LGs for projects biding, performance and advance guarantees.
Responsible for arranging LCs with Banks.
Developing specific goals and plans to prioritize, organize, and accomplish work tasks.
Liaison with external auditors for the annual statutory audit of the company and provision of all information required for the audit.
Responsible for Zakat and tax return for all Al Jaber KSA companies
Assigned to look after VAT (Valued added Tax) matters.
Remington Pharmaceuticals which is one of the leading Pharmaceutical companies with pharmaceutical formulations for Eye /Ear drops and Ointments, Tablets, Capsules, Dry powder and Suspensions. As an Assistant Manager Accounts, I was responsible to manage the department’s day to day operations including Accounts payable, Fixed Assets and dealing with banks for credit facilities and LCs.
Key Responsibilities:
Some of the responsibilities are listed below
Preparation of annual, quarterly and monthly accounts and different reporting for review of the senior management.
Supervising financial transactions on day to day basis.
Monthly, quarterly & annual reconciliation of sales tax returns and revenue booked by the company
Accounts receivables & accounts payables management.
Manage bank relations, finance facilities, LC, LG agreement.
Ensuring the completeness and accuracy of payroll process, calculation of payroll taxes, provision for gratuity and final settlements.
Review of reconciliations of all types including banks, debtors & creditors and intercompany accounts in SAP.
Liaison with bankers for financial matters.
Co-ordination with external auditors for statutory audit.
Scrutiny and verification of all types of payments and expenses.
Reviewing and supervising work performed by subordinates in SAP.
Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate.
During my stay with the firm I have been selected for Ernst & Young, Riyadh Office, secondment. I am fully utilizing this opportunity for gaining experience in a multicultural and proficient environment and involved in the full scope audits and reviews:
Major responsibilities and Achievements:
Planned and executed year end audits in accordance with global audit methodology used by E&Y Global;
Ensured timely preparation of deliverables in accordance with IFRS and local statute;
Led teams varying in size from 3-5, and reporting results to Senior Managers and Partners directly;
Preparation of financial statements including consolidated financial statements of groups in compliance with IFRS and Local Laws.
For the major clients I have audited in E & Y Riyadh Office is mentioned in the CV attached.
During the period of four and half years with the firm, I was involved in various Audit assignments, ranged from manufacturing industry to the service providers. The assignments include full scope audits, limited reviews, agreed upon procedure and special certificates. The ensuing paras describe the major tasks I performed during my training period:
Conducting, planning, organizing, controlling audit assignments and reviewing the entire job.
Preparation of standalone and group Financial Statements in compliance with IFRS and ISA and other regulatory bodies.
Preparation of management letters to the clients highlighting weaknesses in controls environment.
Supervising, training, motivating teams members and review the work performed by Associates.
Co-ordination with professionals in various fields like legal, actuarial and IT experts;
Reporting to assurance engagement Partner and Senior Managers.
Internal audits, evaluating internal controls and making recommendations for improvement.
Discussions with the clients regarding the various accounting or other issues/ matters identified during the assignment.
For the major clients I have audited in E & Y, Lahore-Office is mentioned in the CV attached.