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CURRICULUM VITAE

MOHAMMED ASAD

Master in Business Administration (M.B.A) – SOCPA Certified Mobile No. 009**-**-*******

Email: adm8u0@r.postjobfree.com

Career Objective:

Effective Proficient employee play key role in the success of any Organization. I am equipped with Finance and Management Qualification with over 15 years of rich experience at different streams. successful track record of achieving excellent performance-based results. I am confident to handle more challenging and responsible position in a progressive company that provides dynamic working environment to utilize my experience, knowledge & abilities in most effective manner and provide opportunities for professional growth.

Professional Skills and Strengths:

Working as an outstanding Accounting Supervisor with 3 immediate subordinates

Expertise in the areas like Journal Entries, General Ledger, Treasury, Accounts Receivable, Accounts Payable and Petty Cash book.

Functional exposure on SAP R/3 4.7 & ECC 6.0 Fico module of SAP FI with emphasis in the GL, Treasury, AR and AP.

Has a big contribution as a Team Leader and in month-end closing activities

Proficient with MS applications such as Word, Excel and Power Point

Abilities in handling multiple priorities with a bias for action & a genuine interest in personal & professional development.

Responsible for the effective completion of other duties as assigned.

Results-driven, decisive collaborator with proven track in building strong, lasting relationships with department managers, associates, customers & vendors.

Achieve a challenging position in the area of Finance, where my analytical, academic and professional skills can be used to the benefit of the organization as well as my career growth.

Adaptable to Multicultural Environment, Critical Thinking & Decision Making, Meeting Stretched Targets, Process Improvement, Quick Learner.

Work Experiences:

SONY Corporation-Modern Electronics Company, Riyadh, KSA - A subsidiary of the Al Faisaliah Group Holding Co. Ltd. (Al Faisaliah Group (AFG) is a major diversified enterprise based in Saudi Arabia and operating across the Middle East. Established in 1970, the Group has grown to become one of the top 20 Saudi companies, and is also one of the fastest-growing organizations in the country) Modern Electronics Company

("MECL") has been the Kingdom's exclusive distributor of Sony products since 1970. The Company is the consumer electronics market leader with more than 70% market share. MECL has a team of more than 600 people carrying out its mission across the Kingdom of Saudi Arabia. MECL was founded by HRH Prince Abdullah Al Faisal in 1970 has been operating in this region for the last 50 years. Page 2 of 4

Accounting Supervisor (From June 2015 to Present)

- Sole responsible for daily Operations of Retail, and Wholesale

- Supervise department and manage closely with team to ensure that work is properly allocated and completed in a timely and accurate manner, to assist with the month-end close

- Trained and managed Junior Accountants /Account Assistants to comply with the procedure for day to day tasks.

- Managing & Monitoring accounts receivable by Carrying out the Debtors scrutiny and ensuring that necessary actions were taken to recover outstanding debt.

- Preparation of Monthly Financial Reports based on local standards and IFRS.

- Preparation & follow up of monthly VAT Return details for further submission to GAZT.

- Strengthen to collect the overdue payments by circulating the Aging Report to the salesman concerned.

- Monitoring and solving all the issues related to sales (Inventory, Billing, Collections Etc.) in POS & MIM System.

- Calculating and maintaining the customers front and back margins in accordance with agreed contracts.

- GP adjustments as per the category/marketing heads agreed percentage, where the monthly average sale of around 200 Million.

- Calculating the NTM as per the category wise/Channel wise.

- Calculating and maintaining the provision of receivables in accordance with IFRS.

- Preparing and analyzing the performance reports of sales by category wise/Channel wise.

- Preparing and analyzing the performance reports of Top customers by sales/by category.

- Supported month-end and year-end closing of books of accounts process

- Responsible for the finalization of external audit and resolving the issues identified by auditors.

- Coordinate and complete internal audit and resolving queries raised by internal auditor.

- Assist with the annual audit process including the draft of the financial statements and related notes

- Responsible for Credit/Debit notes related to Vendors/Suppliers with regards to Commission, Compensations, Price Adjustments, and Marketing Activities Claims Etc.

- Ensure an accurate and timely monthly, quarterly and year end close

- Preparing various MIS reports as per the management requirement. Senior Accountant (Receivable Accountant), February 2011 to May 2015.

- Primarily responsible in the supervision of the preparation of Outstanding Invoices as per Faisaliah Standard Procedures and internal controls, and submit the same to the credit controller for collections.

- Sole responsible for all Hypermarkets, Power Retailers, Power Dealers such as Extra, Electro, Eddy, X- Cite, Savola, Carrefour, Danube, Lulu, Jarir Etc. and reporting to the Senior Accounting Manager.

- Preparation of monthly reconciliations of all the customers and gets the confirmation from them.

- Supervise accounts receivable function, review customer’s reconciliation, resolving payment discrepancies and ensure timely collection from customers.

- Reports the discrepancies to the concern sales person with reports to credit controller.

- Monitoring the receivables of all Showrooms, Service Centers, Dealers, Organized Merchants, and Salesman Etc.

- Issuing Debit/Credit notes to customers for any rebates, claims, compensations, price adjustments etc.

- Supervising warehouse in charge for Inventory reconciliation and Checking of Service Center with Warehouse for Preparation of Stock Reports along with Claim register.

- Perform surprise stock counts in the showrooms.

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Payable Accountant, October 2009 to January 2011.

- Responsible for more than 20 foreign vendors such as Sony Gulf, Sony Computer, Sony Ericsson, Sony Professional, Logitech Etc., along with local vendors, directly reports to Payments Manager.

- Look after the proposals made by the payment processing team to make sure that the cut-offs and deadlines are met.

- Verify the payment process made and make sure that everything is in order prior to endorsement to the approving signatories for the release of payment (confirmation of e-payment, telex/draft applications and check requests).

- Making entire Supplier aging Report and preparing the payment schedule on weekly basis.

- Coordinate with the Treasury Department and submits the payment plans from time to time to avoid any payment delays.

- Monitoring of Emergency/Urgent payments, preparation of “error report” of invoice and payment processors and daily payment reconciliation to ensure that all the payments done on given value dates are successful and to provide immediate action as to the failed payments arising from technical issues or human error should there be any, to avoid further delay.

- Communicate any discrepancies noted against the location, division or supplier around the world through mail or via telephone call whenever necessary. Accountant (General Ledger), March 2008 to September 2009.

- Passing journal entries and reconcile General ledger, and Petty cash book.

- Monitoring all prepaid expense amortization and accrual expense and other adjustments if needed

- Verifying & Checking the General Ledger transactions to ensure proper recording.

- Manage and ensure the timely and accurate recording of all employees’ advances and deductions records ensure that all payroll processed within required timelines.

- Verifying & recording employees business trip expenses.

- Preparing cost centers reports on monthly basis.

Achievements:

Joined in April 2008 as an Accountant meanwhile promoted to Senior Accountant and then to Accounting Supervisor with a proven record of managing a dynamic team.

Previous Company Profile:

The National Medical Products Co Ltd (DAMAD), Riyadh. From April 2006 to February 2008 One of the biggest medical manufacturing company in the kingdom, established in 1979, in association with Paul Hartmann AG, A German Company, with the aim of to be a leader in the manufacturing and marketing the medical disposables products in the kingdom with a wide range of products such as Central Sterile Supply Division (CSSD), Orthopedic products, Wound management products, Operation theatre products etc.

General Accountant

Duties & Responsibilities:

Passing journal entries and reconcile General ledger, Subsidiary books and Petty cash book. Page 4 of 4

Preparing journal vouchers, Bank Vouchers and other entries in the General Ledger.

Calculation of Product cost and preparing a material requirement list and prices.

Calculation of Prime Cost, Work Cost, Cost of Production, Total Cost, and Overtime Etc.

Prepares Vouchering, auditing of all payments, maintain checks and vouchers, registers and other journals, ledgers etc.

Daily follow up Cash and Bank Opening and Closing Balances.

Performed Bank Reconciliation with General Ledger and make necessary closing entry if any.

Preparation of Aging Report and circulate to sales personnel to make quick collection of overdue payment.

Managing & Monitoring accounts receivable by Carrying out the Debtors scrutiny and ensuring that necessary actions were taken to recover outstanding debt.

Payroll and Employees benefits calculation.

Maintaining all L/C’s Transactions.

Checks all transactions before posting them into system.

Educational Qualifications:

Master Degree in Business Administration (MBA).

CMA (Pursuing)

Trainings Attended:

BMC Training

April, 2008

Al Tawail Management Consultancy.

Negotiation Skills Leadership Behavior

November, 2008

Al Tawail Management Consultancy.

Time Management

August, 2018

Dale Carnegie Training

PERSONAL PROFILE

Date of Birth : 12

th

Feb, 1980

Nationality : Indian

Marital Status : Married

No. of Dependents : 6

Mobility : Flexible

Languages Known : English, Arabic & Urdu

Iqama Status : Transferable

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