Chief Accountant
Resume:
SAJID AHMED SHAIKH
JEDDAH, KSA
***********@*****.***
PROFESSIONAL SUMMARY
Self-motivated and highly organized individual with over 16 years of experience in accounting and finance. Proven ability to manage accounting operations, reconcile accounts, and analyze financial data. Specialized in Fixed Assets, Accounts Payable, MIS & Financial Reporting, Payroll & Taxation. Strong organizational, problem-solving, and communication skills.
OBJECTIVES
To pursue a challenging career in a highly growth-oriented organization where my qualifications and skills are utilized to their maximum extent for organization and self-growth.
KEY SKILLS
Accounting Expertise Fixed Assets Management
Internal Control & Compliance Team Management & Leadership
Financial & Management Reporting Critical thinking and effective decision-making
Proficiency in Excel & Knowledge of MACRO Ability to manage pressure to meet deadlines
Account Analysis, Reconciliation & Presentation COGNOS Reporting
EXPERIENCE
CHIEF ACCOUNTANT June 2023 to Current
AL TAZIR ARABIA TRADING CO.
(Food & Beverage Ingredients Supplies – Saudi Arabia)
Handle full spectrum of financial and accounting role e.g. Accounts Receivables, Accounts Payables, Fixed Assets, General Ledger, Forecasting, Budgeting, Taxation etc.
Administer payrolls, Advances, MOI SADDAD payments & HR accounting.
Summarizes Input & Output VAT and tax payments through ZATCA system of Saudi Arabia.
Finalize month end and year end closing and do necessary adjustment and Post journal entries in GL to record cost allocation or adjustments in the financial system.
Supervise and allocate the work of the Accountancy Section to ensure that all tasks are completed within prescribed timescales.
Manage and oversee the entire accounting team.
Develop and maintain internal control and effective accounting system and policies for the set up.
Manage auditing activities by providing necessary information and preparing Audit schedules.
Handle full fledge activity of annual audit and ZAKAT submission.
Responsible for day-to-day finance and accounts operations.
Conduct all necessary training to keep the team's skills and knowledge up to date.
Review & approve all kinds of vouchers & journal entries.
Monitor and record financial transactions according to company policies and regulations.
Responsible for timely monthly consolidated financial statements, payments, cash-flow, management reporting.
Manage, examine, and analyze accounting records, financial statements, cash flow and other financial reports.
Manage account master, chart of account, supplier and customer creation, GL account creation and mapping of accounts.
Monitor the top 20 customers & suppliers reconciliation periodically and raise the discrepancies.
Manage the payable & receivable process as per accounting norms.
Monitor credit limits of the customer and do timely follow up against overdue accounts.
Ensure the Treasury Management and Banking functions operate in accordance with legislative, regulatory, and organizational requirements.
Summarizes current financial status by preparing balance sheet, profit and loss statement, and other reports.
Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses.
Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
Monitor expenditures, analyze revenues and determine budget variances and report the same to management.
Contribute to the preparation of the annual revenue and capital budgets, monitoring of financial performance and completion of the annual accounts.
Assist with the planning, testing, training, implementation, and review of all aspects of computerized financial systems.
Provide financial input into reports to Committees and other working groups as required.
Deputize for the Head of Finance Services as required.
Respond to accounting inquiries from management in a timely fashion.
Work collaboratively with other teams to achieve shared goals.
FIXED ASSETS ANALYST Oct 2019 to Jun 2023
AQS PEPSI PVT. LTD.
(Pepsi Cola Beverage Industry – Saudi Arabia)
Ensure proper recording of company’s Fixed Assets Addition, Depreciation, Capitalization, and retirements in line with IFRS standard.
Monitor and report monthly CAPEX to department heads.
Administer the fixed asset function including developing and monitoring appropriate internal controls and procedures.
Generate and Assign tag numbers to various fixed assets of the company.
Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.
Prepare audit schedules related to fixed assets and assist auditors with fixed asset inquiries.
Conduct periodic physical counts of fixed assets.
GENERAL ACCOUNTANT Jul 2016 to Oct 2019
AQS PEPSI PVT. LTD.
(Pepsi Cola Beverage Industry – Saudi Arabia)
Prepare invoice batches and inputs in the accounts payable module of the financial system daily to ensure payments are processed in time for the weekly and monthly deadlines.
Prepare Accrual setup and Amortization of Prepayment on monthly basis.
Summarizing Excise TAX, Input & Output VAT and Zakat payments through ZATCA system of Saudi Arabia.
Prepare Balance Confirmation Report Audit purpose and getting approval from supplier.
Responds to inquiries from suppliers, consultants, and clients regarding the status of their payments.
Monitor accounts aging to ensure payments are up to date and track expenses and process expense reports.
Reconcile vendor statements, research, and make corrections of discrepancies.
Reconciles financial discrepancies by collecting and analyzing account information.
Diligently work with the procurement team to ensure the Deliveries and Payment process is within the procedure.
Assist departments during preparation of company’s annual budget.
Prepare financial reports by collecting and analyzing account information and summarize expense reports with Actual vs. Budget.
Manage and Reconcile Inventory, Accrual, Trial Balance, and General Ledger.
Observe the physical inventory count and prepare Audit schedule for yearend Audit.
Establish tables of accounts and assign entries to proper accounts.
Keeping an eye on receipts from accounts receivable & payments from accounts payable.
BRANCH ACCOUNTANT Apr 2013 to Jul 2016
AQS PEPSI PVT. LTD.
(Pepsi Cola Beverage Industry – Saudi Arabia)
Finalizing daily reports such as Daily collection and remittance report from cashier, Daily stock and inventory report from storekeeper, Daily loadout, and load in reports from gate checker.
Manage all government and ministry related expenses for warehouse.
Controlling petty cash and other business expenses and financial activities to avoid over budgeting. Often trying to reduce expenses as and when required.
Examining bank statements and reconciling them with general ledger entries.
Do market audit frequently to check the credit allocation to the customer is accurate.
Create and maintain provision for Debtors.
Closely monitoring budget for condemnable products and leakages.
Maintaining all salesperson credit facility (collection, allocation, and utilization of salespeople credit)
Prepare JV for CDA rebates after calculation of FOC invoices.
Disbursement of petty cash expenses and control them at every stage by inspection.
ACCOUNTING ASSOCIATE @ STATE STREET SYNTEL SERVICES PVT. LTD. (Banking and Financial Services MNC - Mumbai)
Jun 2010 to Mar 2013
ACCOUNTANT @ HILTON TAILORING & TEXTILE Co. W.L.L. (Textile Firm – Bahrain)
Jan 2009 to Dec 2009
ACCOUNT ASISSTANT @ LAXMIKANT KABRA & Co. (Charted Accountant Firm - Mumbai)
Apr 2008 to Dec 2008
ACCOMPLISHMENT
Key role in ZATCA E-Invoicing Phase II integration.
Successfully established Finance process for (AL TAZIR ARABIA TRADING CO) the newly incorporated organization.
SAP S4 HANA implementation & Launching team member. Successfully established AP, GL & FA module in SAP system.
Introduced Tagging process for Fixed Assets, and independently tagged overall 11,500 assets across the organization.
Accounting Data migration from ERP Oracle R11i to Oracle R12 version.
Creation of Macros to reduce manual intervention from process and provide error free work.
PIMCO External Recon Process Migration from Mumbai to Pune office.
Implementation of TLM (Transaction Lifecycle Management) application to change the platform of Funds from Excel to TLM.
Oracle implementation team member.
EDUCATION & CERTIFICATION
University of Mumbai
Bachelor of Commerce (B.COM) Specialization in ACCOUNTING, First Class in the year 2008.
Higher School (Faculty Commerce), First Class in the year 2005.
Secondary School, First Class in the year 2003.
Certified Associate Member in SOCPA (Saudi Organization for Chartered & Professional Accountants)
EXPERIENCE IN ERPs & APPLICATIONS
- ORION 11J - SAP S/4 HANA - ORACLE R12
- TALLY 9 - IBM COGNOS - ITAC sales system
- PLM - TLM - BBG (Bloomberg)
- Basic of Visual Basic - MS Office (Good in Excel) - Windows
PERSONAL INFO
Date of Birth : 1st October 1987 Marital status : Married
Passport Number : S3831110 Nationality : Indian
Iqama : Transferable Religion : Islam
Driving License : Saudi Arabia Languages Known : English, Arabic, Urdu, Hindi, & Marathi
Contact this candidate