Faisal Alanazi
Riyadh,Saudi Arabia
Summary
Ambitious professional with excellent analytical and problem-solving skills. Proficient in financial reporting and budgeting, with strong communication and organisational abilities. Committed to driving financial success and providing strategic insights to enhance business performance.
Overview
12
12
years of professional experience
4
4
years of post-secondary education
Work history
Senior accountant
Mayyar United Company
Riyadh, Saudi Arabia
2023.01 - Current
- Oversaw daily accounting operations including Accounts Payable (AP), Accounts Receivable (AR), General Ledger (GL), Payroll Accounting, Bank Reconciliations, and Trial Balance (TB) finalization.
- Ensured timely month-end and year-end closing activities and reviewed financial transactions for accuracy, compliance, and adherence to company policies.
- Prepared monthly, quarterly, and annual financial statements including Balance Sheet, Income Statement, Cash Flow Statement, and Profit & Loss reports.
- Prepared and filed monthly VAT return through the ZATCA portal.
- Prepared annual company and project budgets, including financial forecasting, variance analysis, and performance monitoring.
- Coordinated with external auditors, prepared audit schedules, arranged supporting documentation, and facilitated annual audit requirements.
- Managed banking relationships, including bank guarantees (LGs), loan facilities, financing documentation, and other banking requirements.
- Prepared monthly bank reconciliations, reviewed receipts and payments, and resolved outstanding reconciling items to ensure alignment between bank records and General Ledger accounts.
- Reviewed and posted journal entries to ensure accurate recording of transactions related to AP, AR, payroll, petty cash, operating expenses, and other financial activities.
- Prepared monthly reconciliations for vendor accounts, customs accounts, and other balance sheet accounts to ensure accuracy and completeness.
- Processed monthly payroll and ensured timely settlement of supplier payments, employee salaries, loan installments, and other financial obligations.
- Monitored overdue receivables, coordinated collection efforts with the sales team, and provided regular collection and aging reports to management.
- Maintained fixed asset registers, processed monthly depreciation entries, and coordinated periodic verification of fixed assets.
- Coordinated monthly inventory counts and ensured accurate inventory valuation and reconciliation with accounting records.
- Developed and improved accounting procedures, internal controls, and financial reporting processes to enhance operational efficiency and strengthen financial governance.
GL, AP Accountant
Al-Kuzama Trading Company
Riyadh, Saudi Arabia
2018.04 - 2022.12
- Prepared monthly bank reconciliation statements.
- Reviewed and posted journal entries to ensure accurate recording of financial transactions across AP, AR, petty cash, and operating expenses.
- Reviewed and posted receipts and payments, reconciled bank statements with general ledger accounts.
- Prepared monthly reconciliations for vendor accounts and customs transactions.
- Monitored overdue receivables and coordinated with the sales team to support collection activities.
- Prepared supplier payment requests in accordance with approved credit terms and limits.
- Maintained fixed asset records and processed monthly depreciation entries.
- Reviewed daily cash, credit card, and Mada sales transactions and coordinated timely bank deposits.
Accountant
Innova Healthcare Company
Riyadh, Saudi Arabia
2014.04 - 2018.04
- Recorded daily accounting transactions and maintained accurate financial records.
- Prepared journal entries and updated general ledger accounts.
- Performed bank reconciliations and investigated discrepancies.
- Processed accounts payable and accounts receivable transactions.
- Prepared and issued customer invoices and followed up on collections.
- Reviewed supplier invoices and ensured timely payment processing.
- Assisted with month-end and year-end closing activities.
- Maintained supporting documentation for accounting transactions.
- Assisted in preparing financial reports and account reconciliations.
- Monitored expense records and ensured proper cost allocation.
- Assisted with VAT filings and compliance requirements.
- Coordinated with auditors by providing required schedules and documents.
- Verified cash receipts and payments and maintained accurate records.
- Reconciled customer and supplier accounts regularly.
- Ensured compliance with company policies and accounting procedures.
Education
Bachelor of Commerce - Finance and Accounting
Majmaah University
Al Majma'ah, Riyadh Region 2010.03 - 2014.03
Skills
- Financial planning and analysis
- Budgeting & Forecasting
- Cash Flow & Treasury Management
- Accounts Payable and Accounts Receivable
- Advances, Loans, Accruals, Provisions, RP, GL & Payroll
- VAT & ZAKAT Compliance (ZATCA)
- ERP Implementation, Automation & MIS Reporting
- Monthly End & Yearly Financial Closing, Reporting & Analysis
- Banking Relations & Financing Facilities
Accounting ERP Knowledge, Automation and Implemented
- Odoo 17 Version (Present)
- Oracle Netsuits Cloud ERP
- Microsoft Dynamics AX system
Other Skills
- Microsoft Excel (Advanced)
- Microsoft PowerPoint
- Microsoft Word
- Financial Modeling
Timeline
Senior accountant
Mayyar United Company
2023.01 - Current
GL, AP Accountant
Al-Kuzama Trading Company
2018.04 - 2022.12
Accountant
Innova Healthcare Company
2014.04 - 2018.04
Bachelor of Commerce - Finance and Accounting
Majmaah University
2010.03 - 2014.03