Yazan Jarrar

● Handle key aspects of the month-end closing process including closing inventory management and production modules in the system.

● Maintain and update deferred revenue and prepaid expenses schedules and post related journal entries monthly.

● Perform revenue and Cost of Goods Sold (COGS) reconciliations and report a summary of the preliminary revenue results to management.

● Calculate Excess and Obsolete (E&O) inventory reserve monthly and post the journal entry.

● Reconcile inventory accounts and post necessary journal entries.

● Generate weekly reports on Work in Progress (WIP) inventory and orders shipped.

● Managed A/P to ensure invoices are posted and coded correctly in QuickBooks Desktop, timely payments are made, vendors' accounts are reconciled, files are up to date and well maintained.

● Managed A/R to ensure revenue is posted and recognized in QuickBooks Desktop, balances due are collected, customers' accounts are reconciled, delinquent accounts are sent to collection agency and files are up to date and well maintained.

● Applied Direct Loans and Pell Grant funds to students' accounts using FAME software and reported them daily to management.

● Assisted the CFO with monthly and year-end closing. My role included but was not limited to completing bank reconciliations, posting prepaid expenses amortizations, accruals, payroll and any necessary adjusting entries.

● Maintained and updated fixed assets schedules and posted depreciation entries.

● Reconciled e-commerce sales processed through Shopify platform and posted monthly sales entries.

● Coordinated with sales departments across four dealerships to obtain required documents and resolve missing information, ensuring deal accuracy and validity.

● Prepared and posted sales and funding journal entries using CDK software.

● Monitored customer accounts, generated weekly reports on outstanding balances, and collaborated with sales teams to expedite collections.

● Reviewed inventory accounting schedules regularly and made necessary adjustments.

● Verified payoff amounts with financial institutions and processed payments online or issued checks as required.

● Reviewed tax returns to ensure proper documentation and accuracy of data.

● Compared current tax returns with prior-year filings and investigated inconsistencies.

● Delivered tax returns results to hundreds of clients and obtained approval for filing.

● Billed clients for services rendered and updated the tracking system accordingly.

● Enhanced client retention by addressing concerns and educating clients on tax law changes.

● Reviewed financial transactions and payments to ensure proper approval and compliance with internal policies and donors' requirements.

● Increased payment processing efficiency by 20% through cross-department coordination and development of a tracking system.

● Oversaw monthly closing process, including payroll review, bank reconciliations, balance sheet analysis, accruals, and other journal entries.

● Improved monthly closing process and reduced completion time by two days through task redistribution among staff.
● Assisted the finance manager in supervising finance staff and supporting team operations.

● Represented the finance team in bid opening meetings and in monthly orientations for new employees.

● Executed and coordinated operational, financial, and compliance audits for the head office and selected showrooms, spare parts centers, and maintenance facilities across Saudi Arabia.

● Tested and evaluated internal controls and procedures of business operations and finance for adequacy and effectiveness.

● Successfully addressed three non-compliance incidents within the first six months.

● Documented audit findings and prepared internal audit reports, including final opinions on the adequacy, effectiveness, and efficiency of controls.

● Communicated audit results and recommendations to senior management and key stakeholders.

● Coordinated and cooperated with external auditors to facilitate financial statements audits and coordinated with departments and branches to ensure timely and efficient audit process resulting in early issuance of financial statements for 2012 and 2013.

● Executed the audit plans and conducted assurance engagements for companies with annual revenues ranging from $3 million to $1 billion.

● Reviewed the clients’ accounting records to ensure compliance with Generally Accepted Accounting Principles (GAAP) and local regulations.

● Successfully completed more than 15 audit engagements annually.

● Documented the audit engagements and ensured that supporting working papers meet the standards and that audit files remained up-to-date throughout the engagement.

● Prepared financial statements in accordance with International Financial Reporting Standards (IFRS).