Senior Accountant
Tecnicas Reunidas Saudia for Services & Contracting Co Ltd
مجموع سنوات الخبرة :14 years, 11 أشهر
• Compile and analyze financial information to prepare adjustment entries for closing and provide proper comments and drivers for easy reference.
• Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, & conformance to reporting and procedural standards.
• Preparing the monthly VAT return, Withholding tax return, Annual Withholding tax return, checking the VAT accounts, monthly VAT reconciliation & submitted for declaration.
• Responsible for preparing Zakat return file and schedules in Excel as per the required format of ZATCA and following with the Financial Controller and external auditors.
• Recording all the GL transactions in the system like employee related payment, Payroll, Custom duties, Intercompany, Amortizations, accruals, provisions, Monthly Projects Petty cash, & GOSI.
• Preparing & maintaining schedules for prepaid accounts, fixed assets accounts, ensuring its accounting and charging of appropriate amortisations & depreciations in the relevant period.
• Checking the supplier invoices for currency, PO and VAT compliance with approved work progress certificates and forwarding for approval, once approved posted to the relevant expense accounts align with budget & PO, posting of retention and releasing it.
• Checking the PO’s with proper supporting & approvals from purchasing Dept. & process for payments. Follow up buyers for submitting the invoices. Clearing the advances with the invoices.
• Deducting & charging the Withholding tax on International suppliers as per the KSA law and providing the Withholding tax certificates for their deduction & explanation if required.
• Preparation of monthly Bank accounts reconciliation, Intercompany / supplier accounts / customer accounts reconciliation and reports discrepancies and solves it.
• Checking and approving all the advance payments to suppliers as per the PO or agreements.
• Analyze aging and other reports using pivot tables for timely payment to the vendors.
• Assure all transactions accurately recorded and properly approved and all supported documents are attached to keep a good system of control.
• Participating in planning meetings, closing meetings, and audit meetings as a key member of the team. Resolve accounting discrepancies & internal financial assessment.
• Handling the queries from subsidiaries, suppliers, and employees.
• Creating suppliers and Customers in the System after obtaining all the required documents.
• Preparing & Providing CIF data to Zatca.
• Preparing the adhoc reports as per superior instructions.
• Providing the complete financial surveys like IKTVA as required.
• Accountant : December 2012 - Present
Makamin Petroleum Services Company - Dammam, Saudi Arabia
Reporting to Finance Manager
• • Summarizes current financial status by collecting information, preparing balance sheet, profit and loss statement, and other reports.
• Compile and analyze financial information to prepare adjustment entries for closing and provide proper comments and drivers for easy reference.
• Prepare, examine, and analyze accounting records, financial statements, other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Report to management regarding the finances of establishment.
• Ensure that statements and records comply with laws and regulations.
• Recording the transactions in the system like employee related payment, govt related payments, Intercompany, Inter divisions, Amortizations, depreciations, accruals, GOSI to name a few.
• Preparing & Maintaining schedules for prepaid accounts, fixed assets accounts, LG’s & LC’s, ensuring its accounting and charging of appropriate depreciation in the relevant period.
• Checking the PO’s with proper supporting & approvals from purchasing Dept. & process for payments. Follow up buyers for submitting the invoices, checking and posting of the invoices though goods entry memos division wise.
• Recommends financial actions by analyzing accounting options.
• Preparation of monthly Bank accounts reconciliation, Inter division reconciliation, & Intercompany reconciliation, supplier ledger reconciliation if.
• Analyze aging and other reports using pivot tables for timely payment to the vendors.
• Assure all transactions accurately recorded and properly approved and all supported documents are attached to keep a good system of control.
• Preparing budgeted and actual cash flow management reports weekly by division wise.
• Maintain Tawarroq loan and post financing schedules and financial charges.
• Participating in planning meetings, closing meetings, and audit meetings as a key member of the team. Resolve accounting discrepancies & internal financial assessment.
• Participating the physical counting of assets and inventory at the end of the year.
• Processing the Payroll of 350+ employees through Bank Online Payroll System.
• Handling the queries from subsidiaries, suppliers, and employees.
• Co-coordinating with Internal & External auditors for closing.
• Preparing the adhoc reports as per superior instructions.
• Accountant : June 2012 - December 2012
General Lighting Company - Riyadh, Saudi Arabia (Closed Joint Stock Holding Company having 9 subsidiaries. The subsidiaries are the largest manufacturers and exporters of outdoor and indoor lighting fixtures in the Middle East & Africa.
Reporting to Group Director Business Planning & Financial Analyst
• Responsible for preparing & providing on monthly basis to Management a Deck which consists of KPI’s Decks, Income statement Decks, & Balance Sheet Decks at Consolidated level, Comparative level, OBU’s level, Projects level, Region Level and Channel level.
• Responsible for preparing and analyzing Backlog orders report, Flash Sales, and Export Sales to name a few for the subsidiaries and group, prepare trend analysis for the above reports for management review.
• Preparation of Monthly Actual v/s AOP v/s YAGO for taking timely corrective actions to achieve the budgeted goals, also preparing top line P&L for OBU’s & Forecasting reports in coordination with Senior financial analyst. (P&L & Balance Sheet)
• Preparing ratio analysis i.e., Current Ratio, Acid Ratio, Working Capital, Assets Turnover ratio, Inventory Turnover ratio, Break Even sales (BES), Cash conversion cycle, Days Sales Outstanding Days Inventory Outstanding, Days Payable Outstanding etc. to name a few.
• Reconciling intercompany sales, purchases and intercompany balances.
• Monitoring and reviewing master templates should be submitted properly filled and formulated monthly for management review and related system reports for accuracy and completeness from each OBU’s. (Between template’s and legacy systems)
• Creating Master templates for reports from different formats provided by each OBU’s, to make standardization at Group Level.
• Closely monitoring and Analyze expenditure trends & recommend appropriate budget levels, & ensure expenditure control at group level.
• Actively participating as an associate in creating the KPI’s, global chart of accounts, Cost Centers, proposed security financial structure for each OBU’s in the implementation of Oracle Hyperion.
• General Accountant : July 2009 - June 2012
National Trigeneration CHP Co - Riyadh, Saudi Arabia (Closed Joint Stock Holding Company with a paid up capital of 262 Million & having 4 subisidairies i.e. Source Energy, Intelligent Energy Solutions, Al Madinah Utilities & SE JIC II, The provider of combined Heat & Power CHP solutions to wide range of energy projects in the region).
Reporting to Senior Accountant & Financial Controller
• Prepare financial statements and monthly closing of Holding and its 4 subsidiaries companies
• Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions.
• Preparation of variance report vs. budgeted & actual for taking timely corrective actions for achieving the established goals, also liaising with Financial Controller to solve day to day financial issues.
• Preparation of bank vouchers, checks, withdrawals, and advance account maintenance for a Projects. Posting of the financial transactions in Holding as well as in subsidiaries companies.
• Ensuring that the supplier got the payment in due time, so that no penalty will be imposed.
• Follow-ups on Account Payable/Receivable, cash flows, petty cash and money transfers.
• Preparing monthly cash budgets for staff salaries, projects & annual office administrative cost
• Monitoring and reviewing accounting and related system reports for accuracy and completeness.
• Maintaining all project related general insurance policies, contracts of the suppliers and customers and ensuring their complete record.
• Reconciling inventory financial records with stores reports.
• Checking cash and bank payments and purchase vouchers and creating GL masters and accounts.
• Recommend, develop and maintain financial data bases, computer software systems and manual filing systems.
• Allocation and segregation of expenses to the appropriate account(s).
• Maintaining Petty cash and preparing monthly bank accounts reconciliation statements.
• Preparing receivables ageing, payables ageing and provisions report.
• Other jobs as assigned by the management.
Advance Management Accounting, Cost Accounting & Control, Business Economics, Business Organization, Business Communication, & Statistics.
Financial Accounting, Corporate Accounting, Business Laws, Cost Accounting, Business Economics, & Business Communication.