ABAS AHMED
Dammam,Saudi Arabia
Summary
Committed Accounting and Finance expert with extensive experience in full-cycle accounting, financial planning, and analysis. Proficient in ensuring compliance with IFRS, GAAP, and IPSAS, fostering business growth while maintaining adherence to regulatory standards. Adept in recordkeeping, transaction verification, tax filing, and AP/AR reconciliations, emphasizing resource optimization through strategic budgeting and variance reporting.
Overview
19
19
years of professional experience
5
5
years of post-secondary education
1
1
Certification
Work history
Senior Accountant
Alaman Co
Dammam
2024.01 - 2026.01
- Streamlined sales-to-cash cycle, structuring services contracts, regularly reviewing business terms, rights & obligations, improving operational efficiency by 25%.
- Validated, verified, and authorized financial transactions, improved accuracy, maintained the integrity of financial data, ensuring 100% compliance with the accounting policies, Internal Control directives.
- Coordinated monthly and year-end closing, drafted financial statements in compliance with SOCPA regulations, and IFRS standards.
- Developed a system for accurate inventory reporting, measurements, adjustments, and tracking in line with the projects costs and expenses.
- Implemented and revised policies for leases transactions, tangibles, and intangibles assets (PPE), acquisition, recordkeeping, measurements, depreciations, and impairments in accordance with the standards.
- Collaborated with the sales team to track POs to maximize sales, enhance collection, oversee payment schedules, issued tax invoices, and reduced AR by 30%.
- Managed purchase-to-pay cycle, reconciling purchase invoices, banks and VAT accounts and ensured neat records of all files.
- Processed payroll, reconciled payments, accruals adjustments, and identified discrepancies, enhancing control and compliance.
- Managed budgeting and forecasting, analyzed and reconciled budget. Ensuring over 100% achievement of revenue targets, optimizing cost and improving profitability.
- Ensured timely and accurate VAT filings in full compliance with ZATCA regulations.
- Drafted accounting policy to streamline operations and mitigate financial risks.
- Coordinated with the external auditor, ensured accuracy of records and 100% compliance with SOCPA, and IFRS standards.
- Key Highlights:
Risk Analyst
Faisal Islamic Bank Sudan
2020.01 - 2024.01
- Reviewed workflow, policies, procedures, ERP systems functionalities, suggested amendments for system user policies for enhanced control.
- Analyzed client financial statements using key metrics to enhance portfolio performance and reduce default rates by 10%.
- Assessed creditworthiness for 100+ clients weekly, optimizing credit limits and decreasing delayed repayments by 30%.
- Conducted sector-specific portfolio analysis, minimized concentration risk for three consecutive years.
- Reviewed and updated 10+ banking agreements, ensuring regulatory compliance and mitigating counterparty risks.
- Key Highlights:
- Drafted detailed reports on potential investment risks to aid executive decision-making process.
Branch Banking Specialist
Faisal Islamic Bank Sudan
2016.01 - 2020.01
- Processed 150+ transactions daily with zero discrepancies, prepared inter-branch, and ledgers and sub-ledgers closing reports.
- Reconciled accounts, processed over 300 check clearance transactions each day, detecting discrepancies, achieving remarkable 98% accuracy.
- Developed detailed cash budget process that monitored cash, credit, and monthly dues, ensured on- time response to vendors request.
- Developed financial model of sales across products, optimized revenue strategies; resulted in 10% growth in revenue over six months.
Credit Controller
Faisal Islamic Bank Sudan
2010.01 - 2016.01
- Executed daily assessments of repayment statuses, reconciled Account Receivables (AR), analyzed Debt Outstanding, and reached out to 100+ customers with tailored reminders, achieving a collection success rate of 97%, improved Days Sales Outstanding (DSO).
- Engaged with a diverse range of customer concerns, maintaining composure while articulating the necessity of contractual obligations; built strong relationships that stimulate brand loyalty, with positive feedback from 90% of surveyed clients.
- Processed and submitted over 200 credit security applications each month, achieving a 95% approval rate through proper analysis of the financial recoverability.
- Collaborated with relationship manager, evaluated income levels for clients and devised customized credit limits, which led to a 25% increase in loan approvals, enhancing revenue generation while simultaneously improving the customer experience.
Treasury Officer
Balad Bank
2007.01 - 2010.01
- Streamlined liquidity management processes by developing a comprehensive daily cash position report, which improved decision-making speed and accuracy, leading to a 15% increase in cash utilization for investments.
- Investigated daily exchange rate trends by collecting data from 15 major currency pairs; adjusted the bank's daily rate in accordance with Central Bank directives, optimized currency pricing strategy.
- Reconciled daily FOREX deals accounts to ensure a 100% accuracy rate, implementing a new checking mechanism that enhanced the profitability of transactions and maximized bank gains by $250k annually.
- Directed the posting process for Letters of Credit (LCs), Guarantees (LGs), and Money Transfers (MT) on the SWIFT Transmission Network, achieving a 98% accuracy rate in transaction processing over 6 months.
Education
Certified Management Accountant - CMA-P1
Institute of Management Accounting
Montvale02.2025
Master of Science - Finance
Bangor University
United Kingdom 2013.01 - 2015.04
MBA - Business Studies
University of Khartoum
Khartoum, Sudan 2008.01 - 2010.04
BSc - Economics
University of Khartoum
Khartoum, SudanSkills
- Budgeting and forecasting
- Record keeping and reconciliation
- IFRS, US GAAP, IPSAS compliance
- Tax compliance
- Asset accounting
- Revenue and expenses analysis
- Financial statements analysis
- Cost analysis and inventory valuation
- Bank relationship management
- Financial monitoring and control
- Internal controls over operations and reporting
- Variance analysis
- Billing and invoicing
- Reporting excellence
- Financial ratios analysis
- Basel framework knowledge and COSO standards
- Microsoft Office expertise
- Power BI proficiency
- ERP systems knowledge
Certification
- Certified Management Accountant, CMA (Part I) – Institute of Management Accountant, IMA, 2025.
- Saudi Organization for Public Accountant (SOCPA).
- Value-Added Tax (VAT) Specialist, SOCPA, 2025.
- Financial Analyst Certificate.
- Credit Controller Certificate
- Financial Planning, and Analysis, FP&A.
LANGUAGES
English (advanced)
Arabic (native)
PERSONAL DETAILS
- Address: Dammam, Saudi Arabia
- Driving License: KSA, SDN.
- Visa & Validity: Valid Work Visa
Work availability
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
morning
afternoon
evening
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Timeline
Senior Accountant
Alaman Co
2024.01 - 2026.01
Risk Analyst
Faisal Islamic Bank Sudan
2020.01 - 2024.01
Branch Banking Specialist
Faisal Islamic Bank Sudan
2016.01 - 2020.01
Master of Science - Finance
Bangor University
2013.01 - 2015.04
Credit Controller
Faisal Islamic Bank Sudan
2010.01 - 2016.01
MBA - Business Studies
University of Khartoum
2008.01 - 2010.04
Treasury Officer
Balad Bank
2007.01 - 2010.01
BSc - Economics
University of Khartoum
Certified Management Accountant - CMA-P1
Institute of Management Accounting