Resume

Sign in

Chief Accountant

Location:
Riyadh, Saudi Arabia
Posted:
January 15, 2020

Contact this candidate

Resume:

Executive Profile

A highly competent and focused finance professional with an extensive track record of 15+ years translating business activities into relevant financial statements and reports as well as administering high end financial operations to effectively manage assets, leverage opportunities and grow business. Impeachable track record of consistent performance in delivering financial statements and reporting, compliance with accounting policies/standards/procedures, cash flow as well as business investment projections and innovating solutions for financial controls. Seeking a challenging position in a dynamic organization to contribute in maximizing the profit and utilize my talents to mobilize resources, objectively pursue opportunities, and lead the achievement of results.

Skills Summary

Management:

Financial Management & Planning Project Finance

Accounting, Auditing

Internal Controls

Statutory & Management Reporting

Forecasting, Budgeting

Excellence:

Setting Policies & Procedures

Operations & Technology

Optimizing Process

Finance Division Re-engineering

Cash Management/Flow

MS Office Applications

Value-Added Leadership:

Communication & Interpersonal Skills

Analytical Skills, Group Dynamics

Windows & all Desktop Applications

ERP system (Dynamics AX, JD Edwards & ORACLE),

WinWord and Excel

Career Progression

Chief Accountant Feb 2017 - Present

Abdul A’ali Al-Ajmi Ltd. Co. (Contracting and Constructions) – Head Quarter (Riyadh)

Key Responsibilities:

Spearheading a team of accountants to execute wide range of finance and accounting functions like financial reporting, cash and subcontractors/suppliers reconciliation, banks accounts, monthly closing, finalization of accounts.

Compiling and submitting monthly reports to top management, the company's financial director and all branches regarding the financial statues of the organization.

Validating accuracy and integrity of all financial management and reporting activities; tracking monthly projects and preparing summaries of statement while ensuring strict conformance to organizational policies/ procedures, regulations of the Kingdom of Saudi Arabia, the international accounting standards.

Generating an array of reports that exhibit the financial stability/ liquidity/ growth along with reconciliations, establishing trends, identifying deviations and recommending cost-effective solutions to rectify the same.

Effectively managing accounting operations including follow-up to the payment orders for the Ministry of Finance on a daily basis and provide a daily report by the Director General.

Administering day-to-day accounting functions like general ledger accounts, allocation of expenses and vital adjustments for ensuring compliance, cost cutting methods, etc.

Commanding all accounting functions and inventory management including inventory of fixed assets, warehouse inventory, quarterly earnings tabulations and the end of the financial year computations.

Executing month end, quarter end and fiscal year end obligations of the company like: closing of all books of accounts, ledgers, cash flow statements, bank reconciliations, job costing statements as well as value added tax (VAT) in the company on the Oracle system.

Coordinating financial strategic planning, analysis, and reporting activities for Fund monthly inventory, preparing periodic inventory records and submitting them to the Chairman of the board of directors for review and action.

Providing accurate and timely financial reports and forecasts for the company to provide clear insight into its financial condition to assist high quality and agile decision making.

Senior Accountant (Supervisor) Feb 2016 – Feb 2017

Al-Jaber Holding Company (Contracting, Transportation & Constructions), Riyadh -KSA

Key Responsibilities:

Provided strategic analysis and inputs to finance in creating and implementing turnkey financial solutions by using JD Edwards Enterprise One (Oracle ERP System).

Managed all day to day accounting functions within the organization, formulated financial statements and analyzed the veracity of transactions recorded across various books of accounts maintained.

Maintained financial systems & processes, taking process improvement initiatives ensuring accuracy, speed, efficiency and proper cut off for month-end and year-end close.

Investigating transactions charged to the P&L account, summarized numerical and financial data to prepare annual budgets and analyze variances on budgets and actual expenditures.

Completed period-end closing procedures and reports for management projecting inventory control and stock takings.

Chief Accountant – Chief Operations Officer (COO) Nov 2012 – Oct 2015

Moh'd Al-Ojaimi Contracting Est, Dammam –KSA

Designation Chronology:

Nov 2012 – Oct 2015: Chief Accountant – Chief Operations Officer (COO), Head Quarter

Jan 2010 – Oct 2012: Chief Accountant, Ad-Dammam Branch

May 2002 – Dec 2009: Senior Accountant

Joined the group as Senior Accountant, moved up the career trajectories to merit multiple promotions and finally attained the position of Chief Accountant – Chief Operations Officer (COO).

Key Responsibilities - Chief Accountant – Chief Operations Officer (COO):

Directed daily financial and accounting transactions; provided oversight for an array of financial statements, reports, reconciled bank and cash flow statements, followed up on banking transactions (Letters of Credit, Letters of Guarantee, and Loans).

Managed entire spectrum of all accounting functions including preparation of balance sheets, profit and loss statements, and other financial reports, and analyzed the veracity of transactions recorded across various books of accounts maintained.

Worked closely with subsidiaries thereby facilitating smooth flow of intercompany transactions and managing accounting functions across all subsidiaries and Branches for smooth running of the company

Designed consolidated group budgetary guidelines to optimize cash flows, advised higher management on optimal utilization of financial structures within the company to enhance return on investment.

Streamlined the preparation of financial reports/ consolidated financial statements that summarize and forecast the financial position inclusive of Trial Balances for the Audit Bureau for Mohammed Al-Ojaimi Establishment (Head Quarter Accounts) and Private Entities and Real Estate of the owner Mr. Mohammed Al-Ojaimi

Maintained optimum liquidity and of the establishment branches and Al-Ojaimi Factories inside the Kingdom and checked all accounting transactions after being recorded in the computer accounting programs and assessed its accuracy, completeness, and conformance to reporting and procedural standards.

Headed a team of five accountants to ensure financial responsibilities of the organization are carried out efficiently and imparted training to new accountants of the headquarters.

Key Responsibilities - Chief Accountant, Ad-Dammam Branch:

Spearheaded accounting/ financial disciplines of Ad-Dammam branch, including financial budgeting and planning/ forecasting management reports to align to the company’s operations.

Supervised work of three accountants towards maintaining and recording all accounting transactions and provided monthly status reports to Branch Head and Group’s CFO.

Prepared financial reports/ consolidated financial statements that summarize and forecast the financial position inclusive of balance sheet, profit/ loss statements, budget report and cost report.

Provided strategic guidance in preparing and analyzing annual reports, comparing with budgeted reports and provided valuable inputs to the management.

Key Responsibilities - Senior Accountant, Ad-Dammam:

Planned and evaluated all accounting procedures and policies to ensure transactions are efficient/ effective, accounting is accurate and complete.

Performed general day to day accounting functions, including recording of daily transactions deposit receipts from the company branches and customers as well as performed daily checks of transactions recorded in the computer.

Liaised largely with banks, maintained and balanced bank reconciliation statements for the main bank accounts and prepared monthly reports of the income and payments for all 13 branches of the company.

Issued monthly declarations (debit and credit notes) required for branches and clients and maintained logs of all vouchers (JV, receipt and payment vouchers) and got them validated by Finance Manager.

Supervised work of staff accountants processing payroll sheet for all employees of the company. Monitored operations relating to employee vacation payments end of service payment that is prepared by personnel accountant and prepared final settlement accounts for employees leaving the organization.

Documented fixed assets movements in the accounting system, analyzed and updated the detailed schedule of fixed assets and accumulated depreciation and balancing the accounts with depreciation allowances

Proficiently managed month-end/year-end reports along with relevant summaries. Closely monitored that the relevant data, facts and figures are accurately and effectively incorporated in the financial statements and supervised complete balance sheet reconciliation.

Served as an administrative liaison for collecting and depositing the rent of Private Properties such as buildings and petrol stations and maintained all Private Entities Records along with Head Office Records.

Sustained strong working knowledge of accounting standards and policies, marketplaces, including regulatory trends, competitor strategies, product/services involved, general economic conditions, and other relevant information to maintain and upgrade service standards to the organization.

Other Professional Experience:

Feb 2001 – Apr 2002: Senior Accountant, Ideal Computer Est., Amman

Apr 2000 – Feb 2001:Accountant (Financial & Managerial), Sakher International Ltd. (Marketing & Advertising), Amman

Aug 1999 – Apr 2000: Auditor / Accountant, Al-Dar Al-Arabia, Amman

Education & Credentials

Bachelor Degree in Accounting, Zarka Private University - Jordan (June 1999)

Professional Development:

2012: MS Dynamics AX 2012 training (GL, AP, AR, Inventory, Projects, Purchasing, HR) – Right Group (training was part of implementing the ERP system in Al-Ojaimi Group).

1998: Summer training for (4) weeks with Rudolf Habash Company in Jordan

1999: Training for (4) four weeks with the Islamic Centre Society in Jordan

Personal Information

Nationality: Jordanian

Date of Birth: 26 July 1977

Marital Status: Married

Residency Permit: Residency Visa (Transferable)

Language Fluency: English & Arabic

References

Azmi Hashem Al-Hajj, Finance Consultant (Al-Qusaibi Group) and Owner of Eastern Factory for Ready Houses.

Mobile: +966-*********

Abdel Hameed Milhem, Financial Consultant and Controller at Al-Suwaiket Group – AlKhobar.

Mobile: +966-*********



Contact this candidate