ALI MOHAMED BALY
Riyadh,SA
Summary
Accomplished finance professional with expertise in ERP systems, including Microsoft Dynamics AX and Odoo, and proficiency in Microsoft Office. Demonstrates strong capabilities in financial statements, reporting, budgeting, and forecasting, adhering to GAAP and IFRS standards. Skilled in bank reconciliations, VAT returns, WTH tax management, and payroll processing. Proven track record of effective team leadership and time efficiency while managing multi-tasks. Committed to enhancing organisational financial health through meticulous fixed asset monitoring.
Overview
9
9
years of professional experience
1
1
Certification
Work History
Senior accountant
Aman Solutions for Cybersecurity
Riyadh, Riyadh Region
10.2024 - Current
- Compiled financial data for business forecasting and budgeting.
- Organized and carried out month-end, quarterly and year-end processes.
- Conducted regular reviews and official audits to validate recordkeeping and controls.
- Prepare financial responses for RFPs and project proposals.
- Design and maintain financial models for feasibility studies.
- Conducted comprehensive budget reviews for cost reduction opportunities.
- Track and manage project-level budgets and performance.
- Record core accounting transactions and monitor cash flow.
- Collaborate directly with CEO to support financial decision-making.
- Conducted regular reviews of company's financial records to identify potential tax liabilities or credits.
- Managed preparation and filing of quarterly or monthly VAT returns and WTH tax without any errors or delays.
- Devised innovative solutions to complex financial problems, enhancing operational efficiency.
- Installed internal controls and set up standard procedures for business accounting systems.
Senior accountant
Capital Holding Company
Riyadh, SA
11.2022 - 08.2024
- Verify, allocate, post, and reconcile accounts payable and receivable, ensuring accurate and timely financial transactions
- Direct internal and external audits to ensure compliance with regulatory requirements and company policies
- Organised and carried out month-end, quarterly and year-end processes.
- Managed payroll functions, ensuring accurate and timely processing.
- Optimized cash flow by managing credit and collection procedures effectively.
- Directed preparation of company budgets for streamlined fiscal management.
- Prepared detailed forecasts to guide budgetary planning process successfully.
- Analyze various transactions and prepare annual financial statements, ensuring accuracy and compliance with accounting standards
- Produce error-free accounting reports and present their results, facilitating informed decision-making by management
- Review and recommend modifications to accounting systems and procedures, optimizing efficiency and accuracy
- Conduct tax audits and prepare tax (VAT & WTH ) returns, ensuring compliance with tax regulations and minimizing tax liabilities
- Ensured transparency in company finances with regular report generation.
- Achieved streamlined workflow with thorough process improvement initiatives.
General Accountant
MSC Schools Company
Riyadh, SA
09.2019 - 08.2022
- Prepared accurate and timely accounting entries, ensuring proper recording and documentation of financial transactions
- Conducted daily cash reconciliation, matching treasurer's records with books, minimizing discrepancies and ensuring accuracy
- Monitored and followed up on receipts and revenues, ensuring timely collection and proper documentation
- Prepared monthly value-added tax (VAT) declaration, ensuring compliance with tax regulations and timely submission
- Conducted reconciliations and reviewed bank reconciliation reports, identifying and resolving discrepancies promptly
- Prepared estimated budgets and financial statements, providing accurate financial information for decision-making
- Sent monthly account statements to customers, suppliers, and associates, verifying balances and making necessary adjustments
- Reviewed and processed monthly employee wages, ensuring accurate and timely payment
- Supervised and monitored inventory control accounts and operational costs, ensuring accurate recording and reporting
- Reviewed and settled financial covenants and advances, ensuring compliance with financial agreements and regulations
- Verified adherence to company's financial and accounting rules, procedures, systems, and policies
- Prepared financial reports and financial statements providing accurate and comprehensive financial information
- Interacted with internal and external auditors, facilitating smooth completion of audits and addressing any audit findings
Accountant
Alemtiaz Co. LTD
Riyadh, SA
04.2016 - 04.2019
- Prepared daily journal entries
- Prepared monthly trial balance, all related analysis
- Prepared monthly expenses analysis
- Bank reconciliation, payroll
- Reported to the financial manager
Education
Bachelor Of Commerce - Accounting Department
Kafrelsheikh University
KFS 04.2001 -
Skills
- ERP systems ( Microsoft Dynamics AX, Odoo )
- Microsoft Office
- Financial Statements
- Financial reporting
- Budgeting & Forecasting
- GAAP standards
- IFRS standards
- Bank reconciliations
- VAT Returns
- WTH Tax
- Multi Tasks
- Time efficiency
- Team Leadership
- Payroll
- Fixed asset monitoring
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Certification
Certificate of Associate membership at SOCPA
Membership No: 124614
Languages
Arabic
Native
English
Upper intermediate
INDUSTRY EXPERTISE
- Wholesale & Retail
- Education
- Events & Conferences
- Data & IT
- Cybersecurity
Timeline
Senior accountant
Aman Solutions for Cybersecurity
10.2024 - Current
Senior accountant
Capital Holding Company
11.2022 - 08.2024
General Accountant
MSC Schools Company
09.2019 - 08.2022
Accountant
Alemtiaz Co. LTD
04.2016 - 04.2019
Bachelor Of Commerce - Accounting Department
Kafrelsheikh University
04.2001 -
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