FARHAN SAEED
Riyadh,Saudi Arabia
Summary
Detail-oriented with financial data and careful to follow accounting best practices and regulatory requirements. Helps drive financial improvements with reliable, accurate and compliant records for forecasting and business planning. Experienced purchasing management professional skilled in improving procurement cost-efficiency. Networks and negotiates strategically to meet stock demands. Coordinates buying and logistics to achieve delivery targets.
Overview
13
13
years of professional experience
6
6
years of post-secondary education
Work History
Senior Accountant / Purchasing Manager
Yazeed Al Rajhi Holdings (Food Unit Co)
Riyadh
05.2022 - Current
- Managed and prepared journal entries and reconciliations to support monthly general ledger closing activities.
- Conducted audits on financial processes and transactions to identify discrepancies.
- Generated and presented monthly financial statements to senior management.
- Managed entire accounting cycle from data collection to analysis.
- Prepared monthly profit and loss, balance sheet and cash flow reports with exceptional accuracy.
- Partnered with auditors to prepare yearly audits and ensure compliance with governmental tax guidelines.
- Prepared and distributed financial statements and reports, including variance reports, regulatory filings and related schedules.
- Negotiated contracts, prices and timelines to achieve maximum ROI on purchasing choices.
- Recorded product codes and true costs of delivered goods for accurate reporting.
- Analysed and reduced risk within supply chain to protect robust flow of inventory.
- Executed sourcing projects to achieve strict time and finance constraints.
- Monitored market and customer trends to identify cost saving and growth opportunities.
- Sourced high-quality materials that met commercial, functional and performance criteria.
Senior Accountant / Purchasing Officer
Abyat
Riyadh
10.2020 - 04.2022
- Conducted audits on financial processes and transactions to identify discrepancies.
- Generated and presented monthly financial statements to senior management.
- Managed and prepared journal entries and reconciliations to support monthly general ledger closing activities.
- Prepared monthly profit and loss, balance sheet and cash flow reports with exceptional accuracy.
- Identified areas for cost improvement that resulted in annual cost savings.
- Coordinated payment runs and accounts across different business entities and territories.
- Enabled accurate cost tracking by maintaining and updating purchase records
- Run RFX process on SAP
- Managed daily internal and external purchasing queries using [System].
- Negotiated purchasing and payment terms that generated in annual procurement savings.
Senior financial accountant
Medicals International
Riyadh
06.2014 - 08.2020
- Supported senior leadership in driving process governance and measuring process effectiveness.
- Led team in executing monthly accounting and month-end close activities to period-end close timelines.
- Contributed to half-year and year-end processes, swiftly addressing audit requests.
- Presented monthly financial results to key stakeholders, highlighting risks and opportunities.
Accountant
Al Othaimi Al Matrafi
Riyadh
05.2011 - 03.2014
- Created quarterly and yearly balance sheets to track financial trends and performance.
- Accurately documented all cash, credit, fixed assets, accrued expenses and line of credit transactions.
- Created periodic reports comparing budgeted costs to actual costs.
Education
ACCA (First Module) - Finance & Accounts
CAMS Collegiate
Karachi, Pakistan 01.2011 - 12.2012
Bachelor of Commerce - Commerce & Accounts
Karachi University
Karachi, Pakistan 06.2010 - 03.2013
Diploma - Commerce
Eastern Commerce High School
Canada 06.2006 - 03.2008
Skills
- Budget management
- Accounts Payable
- Financial management
- ERP Systems - SAP & Oracle
- Month-end reports
- Month-end financial reporting
- Account reconciliation
- GL accuracy
- RF"X"
- Cost Savings
Timeline
Senior Accountant / Purchasing Manager
Yazeed Al Rajhi Holdings (Food Unit Co)
05.2022 - Current
Senior Accountant / Purchasing Officer
Abyat
10.2020 - 04.2022
Senior financial accountant
Medicals International
06.2014 - 08.2020
Accountant
Al Othaimi Al Matrafi
05.2011 - 03.2014
ACCA (First Module) - Finance & Accounts
CAMS Collegiate
01.2011 - 12.2012
Bachelor of Commerce - Commerce & Accounts
Karachi University
06.2010 - 03.2013
Diploma - Commerce
Eastern Commerce High School
06.2006 - 03.2008
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