Accounting Manager
Shumou Investment co.
Total years of experience :18 years, 11 Months
• Built ERP system from beginning till the operation process.
• Perform financial analysis and reporting to management as needed.
• Perform month-end accounting activities such as reconciliations and necessary adjustments.
• Co-operate with the finance team to complete assigned accounting tasks within deadlines.
• Evaluate computerized accounting systems and provide recommendations to the IT team for performance improvements.
• Generate financial reports and statements to Managers for review.
• Monitor and mentor/train junior staff, clerks, and bookkeepers.
• Analyze financial discrepancies and recommend effective resolutions.
• Monitor expenditures, analyze revenues and determine budget variances and report the same to management.
• Respond to accounting inquiries from management in a timely fashion.
• Provide guidance to other Accountants when needed.
• Assist in budget preparation and expense management activities for assigned accounts.
• Assist in auditing activities by providing necessary information and preparing requested documentation.
• Monitor the ageing of customers and provide recommendations to the collection department.
• Preparing the forecasting cash flow.
• Monitor and record financial transactions according to IFRS, company policies and regulations.
• Review and recommend changes to existing accounting procedures.
• Ensure that VAT (Input & Output) is recorded in compliance with Saudi legislation.
• Upload VAT quarterly.
• Communicate with the "General Authority of ZAKAT" & TAX through providing answers and necessary documents.
Head Section (Safari Head Office)
Chief Accountant (Saudi Hayla Co- Fashion Brands)
Senior Accountant (Safari Head Office)
Manage and supervise GL work: Posting journal entries, month-end close and financial reports package.
Preparation and monitoring of the budget through a complete discussion with different departments.
Responsible for reconciliation of Intercompany accounts, Banks, Customers, and Suppliers.
Ensure that VAT (Input & Output) is recorded in compliance with Saudi legislation.
Preparation of the necessary files for external auditing for financial statements purpose.
Preparation and presentation of the ageing of AP and AR report.
Monitoring of the fixed assets, revenue entries, accruals, and prepaid accounts.
Reviewing the issued transactions from HR, GOSI, Salaries and etc.
Preparation of the necessary files for external auditors for financial statements purposes.
Monitor and mentor/train junior staff, clerks, and bookkeepers.
Ensure that payments are according to the finance department policy.
Contribution to the liquidation of the Fashion Company.
Preparation of the day-to-day journal entries.
Responsible for the account receivables (A/R) & accounts payable (A/P) with the necessary reports.
Analysis of the ageing of A/R & A/P.
Preparation of the monthly reconciliations of bank, customers and suppliers account.
Ensure that all expenses and revenues were recorded at the time of monthly closing.
Participation in the annual reports and files for financial statements purposes.
Study the financing and leasing requests for various activities.
•Preparation of the financial analysis for the client's financial statements.
•Preparation of cash flow for scenarios of financing operations
•Ensure that guarantees are sufficient against the financing process
•Prepare reports periodically ) income statement for financing processes
Preparation of the journal entry, ledger accounts and contributes in annual balance sheets.
Preparation of the weekly sales percentage reports.
Managing the branch accounts.
Fixing the issues with the Spanish Brand.
Managing the stock in the main warehouse and branches.
Preparing the necessary transfer between warehouses.
Preparation of the necessary discount percentage in the Sale season.
Participation in preparing the financial statements for customers.
DipIFR (International financial reporting Standards diploma from Association of Chartered Certified Accountants)
Above average