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Finance / Accounting Manager

Al Khobar, Eastern Province, Saudi Arabia
November 12, 2017

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Contact:+*****-********* / 00966-550440836 / Senior Level professional

Accounting●Credit & Finance Control

An ardent analyst with expertise in strengthening companies to lead in highly competitive situations EXECUTIVE PROFILE SUMMATION

A competent professional with 16 years of experience inFinance & Accounts, Audit and Budgeting & Cost Control

In-depth knowledge of establishing financial status by developing & implementing systems for collecting, analyzing, verifying, and reporting financial information; managing staff

Possess sound expertise in highly specialized accounting work required to maintain the Authority’s general ledger

Gained significant exposure in resolving complex accounting issues or assists other Authority personnel in resolving financial issues

Instrumental in supervising the general ledger group to ensure all financial reporting deadlines are met

Demonstrated abilities in managing complete planning & management activities for ensuring completion of various types of audits within the time & cost parameters

Pivotal in ensuring completion within time and cost parameters; preparing documentation for audit observations and conclusions derived; suggesting scopes for improvement in the existing financial scenario

Skilled in handling commercial & credit control activities

Aneffective communicator with strong presentation, people management, interpersonal, negotiation, analytical and problem-solving skills


~ Accounting & Finance ~ Credit Management ~Internal Control

~ Accounts Payable & Receivable ~ Inventory Management ~ Budgeting

~ Auditing ~ Liaison & Coordination ~ Team Management WORK EXPERIENCE

Al Hayat Development Company Ltd., SAUDI ARABIA

May, 2017 - Present

Growth path:

Finance & Administration Manager


• Managing the accounts team in KSA with 8 employees.

• Establishing and implementing financial and administrative procedures in line with organizational requirements.

• Managing all aspects of the Finance function including General Ledger, Fixed Assets, Accounts Payable, Accounts Receivable, Petty Cash, Bank Reconciliations and financial statements preparation; ensures accuracy and timeliness.

• Prepare business activity reports, and forecasts.

• Monitor and control the flow of cash that comes in and goes out of the company to meet the company's business and investment needs.

• Control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty.

• Work closely with top executives and with departments that develop the data that managers need to help management make financial decisions.

• Conducting reviews and evaluations for cost-reduction opportunities.

• Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations such as the Inland Revenue.

• Monitors compliance with generally accepted accounting principles (GAAP) and company procedures.

• Ensure the timely reporting of all monthly financial information.

• Monitor expenditures, analyze revenues and determine budget variances and report the same to management.

• Perform project cost forecasts/budgets, cost tracking, monitoring, and controls.

• Responsible for timely monthly financial statements, payments, cash-flow management reporting for submission.

• Review Balance Sheet Reconciliations.

• Monitor and report on deviations from credit standards.

• Review the comparison report between sales and collection in a retail business and report variance if any.

• Support CEO in ensuring that intercompany cost allocations are in line with management

• Analyze financial discrepancies and recommend effective resolutions.

• Liaising with auditors.

2006 - 2017: Arabian Medical Marketing Company Ltd., SAUDI ARABIA Growth path:

Senior Accountant – (Account Payable & Receivable Manager): 2006 – 2009 ACCOUNTING MANAGER: 2009 – 2012

Credit & Finance Controller: Since 2012

Employment Duration: 10 years 10 months


As Credit & Finance Controller

Spearheading the team of 7 employees carrying out the Accounting & Finance functions of Eastern Province Branch

Efficiently controlling, accomplishing regional Credit Management objectives through regular visits to each region, developing collection targets, formulate monthly, quarterly & annual revenue goals, and collections plans for the achievement of these goals

Significantly incorporatingcollection plans and assuring timely follow up for recovery of pending revenue and remain updated on daily credit activities at the regions

Conducting monthly financial analysis of credit related activities including receivables, ageing analysis, revenue generation, collection & recovery, fixing area collection efforts to achieve targets, monitor violations of credit policies, provide analysis, conclusion and recommendations, implement process improvements & promptly resolve resourcing issues

Manage cash application making sure all cash receipts are applied properly.

Review the comparison report between sales and collection in retail business and report variance if any.

Working closely with the corporate credit manager, regional credit managers, operations (in particular sales) across all three regions, customers as required in support of the regional credit managers, corporate treasurer and other senior HO managers, manage credit control function

Diligently formulating accounting reports, controlling regional expenses, improving systems efficiency, developing relationships with key clients to support growth

Developing customer invoice follow up systems, implementing processes to reduce client past due balances, monitoring supply inventory, supervising ARAMCO accounts, and improving regional collection throw by 80%, collecting over $170 million

Accounting Manager

Effectively imparted accurate & timely financial information to corporate leadership and recommending improvements to corporate accounting and finance management practices.

Prepare periodic financial reports including balance sheets, income statements and cash flow statements for review by senior management.

Ensuring all monthly, quarterly and annual financial reports are submitted on a curate time.

Responsible for all financial activities, preparing profit and loss statements report for each business unit and applying accounting principles and procedures.

Ensure implementation of policies and procedures related to all functions and operations.

Analysis the variance of budget and indicate the reasons behind it, and recommend any correctiveaction, and doing the required analyzing for Management.

Perform project cost forecasts/budgets, cost tracking, monitoring and controls.

Keep track of all revisions to IFRS and ensure compliance in areas of relevance/impact to company accounting practice.

Significantly handling general ledger accounting system, Review Balance Sheet Reconciliation, Monitor Fixed Asset Accounting, formulating regular financial reports, carrying out daily accounting activities, supervising cash flow, preparing weekly forecasts, maintaining fixed asset records, auditing balance sheet reconciliation, overseeing inventory management and control functions, creating budgets, creating financial targets, submitting variance reports, supervising payroll and sales commissioning, streamlining bank reconciliation statement preparation, implementing collections plans, conducting employee performance reviews, delivering employee coaching, training and develop accountants skills.

Monitor accounts payable to ensure accuracy, integrity and compliance with internal policies for all payments being made to third party suppliers.

Monitor accounts receivables by coordinating with other departments and ensure the validity, consistency and completeness of the collections.

Following up with other departments to apply company’s procedures to enhance the efficiency and effectiveness of work process, Ensure compliance of accounting activities with international and local accounting standards.

Coordinate with external auditors to ensure that an annual audit is completed on time.

Works with the Verification Unit Head in all matters related to Financial Accounting.

Interfaces with Zakat/Tax for all matters related to tax.

Ensure the maintenance of internal controls (e.g. Vendor payments, payroll, and bank funding movements) by reviewing controls on a regular basis to minimize financial risks, and maintain all board members relations and communications.

Supports the harmonization and standardization of all financial processes across the company's BUs/JVs to optimize the consolidation of financial statements and intergroup transactions Analysis of major expense items as part of the periodic financial reporting Maintains and updates the chart of accounts.

Works with the Management Reporting & Centralizing Accounting Unit Head (if in the Head Office) or with the Delocalized Financial Officer if in a BU) in all matters related to Management Reporting.

Tracks KPls for accounting activities, and devises plans and initiatives for improvement.

Leads, directs, evaluates and develops the company Accounting team to ensure that objectives are reached Is responsible for the development, performance appraisal and succession planning of all direct and indirect reports.

Assists in developing detailed short and long term strategic plans by coordinating with relevant work units, based on current and future needs of the company products/services. Senior Accountant – (Account Payable &Account Receivable and GL Team)

Led the team of 5 member in financial services and handled all accounts payable & receivable and GLfunctions per company policies and procedures.

Performs a variety of accounting activities in accordance with accounting principles and standards, and ensures proper control of the concerned BUs/JVs' financial resources and full compliance with all relevant regulations, laws, and reporting requirements.

Performs accounts reconciliations to ensure that all general ledgers are accurate and complete

Recording, classifying, and summarizing financial transactions and events in accordance with accepted local accounting principles and financial reporting standards.

Proactively engaged in reconciliation ofvendor accounts, tracking of Suppliers’ special credit terms, reviewing purchase orders, auditing invoices, ensuring proper accounting and monitoring Suppliers relationship, directing financial analyses, controlling accounts receivable, collaborating with Logistics & Operations to ensure inventory adequacy, approving payment vouchers, drafting bill of exchange documents, processing payable transactions, reconciling subsidiary accounts with general ledger, and managing inventory costing.

Handling all bank transactions including transfers, deposits, financing/facilities/LC/LG etc.

Ensures accurate accounting entries of journal entries other than payables (which is handled by the Accounts Payable Officer) and receivables (which is handled by the Accounts Receivable Officer), including provisions, journal voucher entries, and accruals

Basic Chemical Industries, Saudi Arabia as Senior Accountant 1999 – 2006

Employment Duration: 6 years 5 months


Remarkably executed accounting & finance functions; preparing financial statements and forecasts, creating budgets, maintaining petty cash, monitoring expense reports, reviewing monthly collections, auditing invoices, managing payroll and accounts payable, preparing tax payment schedules, and interpreting departments Arabic communications.

Performs accounts reconciliations to ensure that all general ledgers are accurate and complete.

Is accountable for the analysis of major expense items as part of the periodic financial reporting.

Ensures all financial intergroup transactions related to shared services.

Ensures a fair allocation of expenses across the different BUs/JVs/department/projects

Check Monthly Bank Reconciliation Statements of all bank accounts maintained; resolve any differences in a timely manner.

Ensure General Ledger entries are accurate and are in line with Company Procedures & International Accounting Standards

Liaise with & assist external auditors; implement recommendations if any; take corrective action wherever required.

Manages AP. AR and GL Includes, Customer Vendor Relations, and disbursement group which handles all check disbursements.


Developed a finance department and provided daily operation support

Assuring Monitors compliance with generally accepted accounting principles (GAAP) and company procedures

Monitoring and guiding Regional Credit Managers (Three Regions) to achieve Company Objectives of Credit Control, Collections & Profitability

Improved the AP & AR status and reduced the DSO from 320 days in 2006 to 160 days

Evaluated projects feasibility studies

Shared in SAP implementation


Certified for demonstrating the continued commitment required to achieve excellence &success for the last 10Years

Certified for contributing for the aims, objective & Operations of AMCO

Received Service Certificate, from Basic Chemical Industry

Merit of receiving Recommendation Letter from Regional Manager ACADEMIC CREDENTIALS

Bachelor of Business Studies (Finance & Accounting), from Sudan University of Science and Technology, Sudan in 1997

Diploma in Computer Science from University of Jazeera, Sudan in 2000

Institute of Management Accountants Member in 2008

Certified for participation in Deloitte Training course on Business Ethics & Foreign Corrupt Practices Act

Attended over 10 Training Courses on Finance, IT, Logistics & Management Skills IT PURVIEW

Well Versed with:

o Databases: SAP Reporting System

o Operating System: Windows 98 / 2000, ME, XP & 7

o Office Application Packages: MS Office (Word, Excel and PowerPoint) PERSONAL DETAILS

Date of Birth: 25thApril, 1976

Languages Known: English & Arabic

Communication Address: Saudi Arabia

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Contact this candidate