Zahra Fateel, Financial Controller

Zahra Fateel

Financial Controller

Serimax Saudi Arabia, Vallourec Group

Location
Saudi Arabia - Dammam
Education
Bachelor's degree, B.Sc. in Business Administration (Accounting)
Experience
12 years, 0 Months

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Work Experience

Total years of experience :12 years, 0 Months

Financial Controller at Serimax Saudi Arabia, Vallourec Group
  • Saudi Arabia - Khobar
  • My current job since May 2021

Key Achievements:  Created the Finance and HR Departments; responsible for assuring compliance with all applicable laws and regulations upon the companys transition from a foreign entitys branch to an independently registered Saudi Arabian.  Developed procedures for hiring, created contracts for employees, and determined payroll needs. As a result, the business established its independence in the Saudi market while still operating legally and with proper human resources and financial systems.  Successfully achieved financial goals by creating precise budgets and predictions that allowed the organization to make well informed decisions and distribute resources efficiently.  Improved the companys internal financial controls, which made financial reporting more dependable and decreased the likelihood of fraud or mistakes.  Verified that the companys financial reporting and practices complied with all applicable industry rules and regulations, including GAAP and IFRS, to prevent fines and legal trouble.

Key Deliverables:  Make sure that the financial statements are accurate and prepared and submitted on schedule, following GAAP/IFRS guidelines.  Manage the process of yearly budgeting and forecasting, working together with department heads to harmonize financial objectives.  Establish and uphold strong internal control systems to protect the assets of the organization.  Stay on top of cash flow, maximize working capital, and guarantee liquidity to back up company operations.  Ensure compliance with all local, state, and federal regulations by preparing and filing regulatory reports and tax returns.  Assist top management with strategic decision-making by offering financial information and suggestions.  Oversee and guide a group of 2 financial experts, encouraging a mindset of constant growth and advancement in their careers.  Look after Accounts Payable and Receivable staff; liaise with External Auditors, Bank Managers, and Tax Specialists  Accountable for preparing monthly statements by collecting data, investigating variances, and summarizing data.  Instrumental in overseeing tax payments as well as treasury and taxation functions.  Manage relationship with cost control in France, verify monthly VAT report, and WHT (Withholding Tax) filing.  Instrumental in managing accounting practices across the organization.  Lead and coordinate with the overall audit processes. Contact and work with external auditors.  Ensure that tax returns are filed in accordance with tax authorities.  Prepare and maintain transfer pricing documentation including intercompany agreements, etc.

Finance Administrator (Treasury and Payroll) at Dynamic Industries
  • Saudi Arabia - Khobar
  • January 2017 to May 2021

Key Achievements:  Assisted junior accountants in developing their critical thinking and problem-solving abilities through training and coaching, enabling them to successfully navigate difficult accounting problems.  Made a substantial contribution by accurately compiling and filling out 250+ salary forms using extensive understanding of GOSI and Saudi Labor Law.

Key Deliverables:  Managed companys treasury operations, including cash flow forecasting, liquidity management, and investment activities.  Oversaw the payroll process, ensured accurate and timely payment to all employees.  Reconciled bank statements and monitored bank transactions to ensure accuracy.  Prepared monthly, quarterly, and annual financial reports related to treasury and payroll activities.  Ensured compliance with local, state, and federal payroll regulations, including tax reporting and filing.  Implemented and maintained internal controls to safeguard financial assets.  Collaborated with the finance team to develop and monitor budgets and forecasts.  Supported audits by providing necessary documentation and responding to inquiries.  Prepared, verified, and processed invoices and coding payment documents.  Calculated salaries and benefits ensured proper cost allocation over the project.  Uploaded payroll summary in the bank system.  Prepared and verified monthly VAT Report and Iktva Report.

PREVIOUS ENGAGEMENTS

Financial Analyst at FIKE
  • Saudi Arabia - Khobar
  • September 2014 to April 2015

• Exposed to full financial cycle training in Fike headquarter (Missouri, USA) for two month.
• Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP).
• Ensure that all statutory requirements of the organization are met.
• Prepare all supporting information for the annual audit with the approved external auditor.
• Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash.
• Reconcile bank accounts
• Review monthly results and implement monthly variance reporting as compared to budget
• Ensuring the accurate payment of staff salaries via electronic payroll system and calculating factors including end of service, ticket entitlement for non-studies and overtime entitlement

Financial Analyst & Payroll Specialist at Al Hokair Group
  • Saudi Arabia - Khobar
  • January 2013 to August 2014
Supply Chain Executive at Aljomaih Automotive Company
  • Saudi Arabia - Dammam
  • October 2010 to December 2012

Education

Bachelor's degree, B.Sc. in Business Administration (Accounting)
  • at University of Central Missouri
  • August 2010
Diploma, Advanced English Level in American Language Program (Incl. TOFEL Examination),
  • at OHIO STATE UNIVERSITY
  • January 2007

Specialties & Skills

Windows 7
Accounting
ACCOUNTS RECEIVABLE
BUDGETING
FINANCIAL
ACCOUNTING
OPERATIONS
MANAGEMENT
FORECASTING
TREASURY
BANK STATEMENTS
CONTROL SYSTEMS
CRITICAL THINKING
PAYROLL PROCESSING
REPORTS
ACCOUNTANCY
CASH MANAGEMENT
DOCUMENTATION

Languages

English
Expert
Arabic
Native Speaker

Training and Certifications

VAT SPECIALIST (Certificate)
Date Attended:
January 2021