Accounting Manager
Al-Jazera Factories for Steel Products Co.
Total years of experience :26 years, 5 Months
1. Manage day-to-day accounting department operations for multiple entities and monthly, quarterly, and year-end financial close process
2. Preparing and providing MIS reports PTD and YTD with variance analysis and ensure all financial reporting deadlines met.
3. Preparing various month end allocations shared costs and indirect costs allocations between the group of companies.
4. Preparing and controlling annual Budgets and doing a monthly comparison between actual results and forecasts.
5. Preparing a cash flow statement and obligation analysis on a monthly basis.
6. Preparing and presenting monthly KPI reports for the branches and activities.
7. Preparing a costing of imported materials landed cost, accruals …etc.
8. Cash management includes follow-up cash position daily, monthly and annually, deposits, collections, payments, transfers, and petty cash
9. Oversee and ensure the timely issuance billing, and A/R collections process and recording in the system.
10. Review and checking of journal entries that had prepared by accountants, along with monitoring and supervision of the tasks performed.
11. Verify the payroll with the reconciliations of some accounts and journal entries accruals allocations Etc.
12. Preparing monthly timesheet allocation and Corresponding journal entries.
13. End of services indemnity computation and process related booking.
14. Follow-up of accounts receivables and preparing aging reports on a weekly basis.
15. Follow-up of accounts payables and preparing aging reports on a weekly basis.
16. Preparing monthly the declaration of Value Added Tax - VAT
17. Fully Involved in ZAKAT and preparing all official and supporting forms for ZAKAT return
18. Coordination with internal and external auditors.
- Company Industry: Investment Management
The Group consists of Al-Othman Agriculture Production and Processing Co. - NADA, Takween Advanced Industries, Kempinski Al-Othman Hotel, Al-Othman Industrial Marketing Company - IMCO, Gas and Oil Technologies and others under the umbrella
Job Responsibilities:
1. Prepare timely and detailed reports on financial performance on a monthly, quarterly and annual basis
2. Provide and reviewing financial reports, monitoring accounts, preparing activity reports and interpret financial information to CEO with recommendations.
3. Advice on investment activities and provide strategies that the company should take
4. Analyze costs, pricing, variable contributions, sales results, and the company’s actual performance compared to the business plans.
5. Conduct reviews and evaluations for cost-reduction opportunities.
6. Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
7. Manage the preparation of the company’s budget.
8. Liaise with auditors to ensure appropriate monitoring of company finances is maintained.
9. Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.
10. Set up and oversee the company’s finance IT system.
11. Set targets for and supervise all accounting and finance personnel.
12. Oversee all internal control operations.
13. Ensure adherence to financial laws and guidelines.
1. Some of the tasks and responsibilities are listed above
2. Preparing and providing Monthly position to the Capital Market Authority - CMA and ensure deadlines met
3. Preparing and presenting monthly reports for investments in other companies local or international.
4. Update daily investment portfolio status.
5. Create update and ensure compliance with fiscal policies and procedures
6. Develop policies and procedures to safeguard company assets and ensure transactions are recorded properly.
7. Liaison with bankers for day-to-day matters.
8. Coordination with internal and external auditors.
9. Ensure financial records are maintained by all regulatory guidance and compliance with accepted internal policies and procedures and as per a GAAP - Generally Accepted Accounting Principles.
10. Preparing the declaration of Withholding Tax - WHT
1. Some of the tasks and responsibilities are listed above
2. Participating in preparation for financial statements.
3. Full Financial Responsibility, including assets, stock, salaries, internal and external audits, Suppliers and Sub-contractor’s invoices, LC’S and LG’S.
4. Responsible for revising and preparing the reconciliation of accounts payable for subcontractors and suppliers after following-up the total executed work, advanced payments, additional works, previous payments and the retentions in every invoice and preparing it for the payment according to their contracts.
5. Weekly Cash flow Forecasts to Finance Controller.
6. Receiving the customers' invoices (Revenues) and revising their accounts to follow up the receivables
7. Follow-up and checking the petty cash and preparing bank reconciliations.
1. Auditing settling and confirming financial statements on a monthly basis.
2. Preparing and implementing auditing report to audit manager and senior management.
3. Auditing monthly closing and solving accounting conflicts
4. Responsible for issuing and controlling the Budgets.
5. Authorizing all payments after reviewing the supportive documents and its matching and compliance with the annual budget.
6. Auditing for airports accounts, as ground handling, departing tax, airports fees, navigation fees...etc.
7. Responsible for preparation of analytic costing for our charter flights.
8. Verifying & approving daily accounting batches.
9. Follow-up and checking of input transactions into the General Ledger system, monthly banking reconciliation, and petty cash.
10. Responsible for Auditing trial balance on a monthly basis, with commentary to support variances compare between Actual and forecast.
11. Responsible for confirmation of monthly dues.
12. Negotiation with all vendors to make new deals to increase all benefits for our company such as limits of credit value and a long period to pay... etc.
13. Imparting training to fresh recruits
1. Some of the tasks and responsibilities are listed above
2. Issuing the letters of credit and bank guarantees according to the facilities with the banks.
3. Participation in organizing and following up all tasks and converts the old manual system to the new and sophisticated environment.
4. Participation in the evaluation of projects proposals to determine which projects to proceed and given priorities and providing recommendations to senior management.
5. Organized a new accounting department, recruited and trained the accountants
6. Maintain warehouse accounting.
1. Some of the tasks and responsibilities are listed above
2. Participating in preparation for financial statements in Head office for all projects.
3. Follow up the accounts of subcontractors and vendors
4. Responsible for the reconciliation of petty cash
5. prepare financial management reports and develop and maintain financial databases
Major Studies in Accounting and Auditing