ANZIL MUHAMMED
Sr.Accountant
Al khobar
Summary
Accomplished and detail-oriented Senior Accountant with over 12 years of experience in the EPC and construction industry, currently managing financial operations at Hyundai E&C in Saudi Arabia. Proven expertise in project-based accounting, revenue recognition (IFRS 15), VAT/WHT compliance, and financial reporting. Adept at SAP, cash flow forecasting, and managing high-value vendor/client relationships. Recognized for driving process improvements and leading successful E-invoicing and VAT refund implementations. Seeking a senior-level role to contribute financial leadership and strategic insight.
Overview
14
14
years of professional experience
2
2
years of post-secondary education
2
2
Languages
Work History
Sr Accountant
Hyundai Engineering & Construction Co. Ltd
Al Khobar, Eastern Province
04.2015 - Current
- Prepare and manage revenue recognition based on IFRS 15 and percentage-of-completion (POC) for large EPC projects
- Oversee full-cycle AP/AR, ensure timely payments and invoicing aligned with milestones
- Prepare project-wise cash flow forecasts and monitor actuals against projections
- Handle VAT filing, withholding tax compliance, and Zakat coordination
- Lead internal/external audit coordination; manage local content audits (LCGPA, IKTVA)
- Mentor a team of junior accountants and improve processes using SAP ERP
- Generate comprehensive management reports: WIP, AP/AR Aging, Bank Reco, VAT, WHT
- Negotiated favorable bank guarantee terms, reducing commission costs by 15%, resulting in significant cost savings across projects.
Project Accountant
Hyundai Engineering & Construction Co. Ltd
03.2013 - 03.2015
- Assist in Monitoring Project Budgets
- Support Project Billing & Invoicing
- Process Project-Related Expenses
- Assist in Revenue Recognition
- Coordinate with Project Teams
- Monitored project costs, developed job cost forecasts, managed cash flow and approved invoices for payment.
Associate
ACS A Xerox Company
09.2011 - 03.2013
- Reviewed AP invoices posted by the Accounts Payable team to identify and correct errors before payment processing.
- Ensured accuracy in invoice matching (PO, GRN, and invoice) and flagged duplicate or incorrect entries.
- Collaborated with the AP team lead to improve accuracy and reduce payment rejections.
- Supported migration of AP processes from overseas locations as part of process standardization.
- Maintained audit trail and documentation for all corrections and escalations.
- Suggested improvements to reduce backlogs and enhance invoice processing efficiency.
- Assisted in reviewing employee expense reports and vendor reconciliations.
- Reviewed and corrected 1000+ invoices monthly, preventing duplicate or incorrect payments and reducing payment errors by 40%.
Education
Master of commerce - Finance
Mahathma Gandhi University
Kottayam , Kerala , India 04.2006 - 04.2008
Skills
Timeline
Sr Accountant
Hyundai Engineering & Construction Co. Ltd
04.2015 - Current
Project Accountant
Hyundai Engineering & Construction Co. Ltd
03.2013 - 03.2015
Associate
ACS A Xerox Company
09.2011 - 03.2013
Master of commerce - Finance
Mahathma Gandhi University
04.2006 - 04.2008
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