Summary
Overview
Work history
Education
Skills
Languages
Certification
Timeline
AssistantManager

IBRAHIM ELMORSI

Summary

Accomplished financial management and accounting professional with 8 years of demonstrated positive impact company growth. Proficient in budgets and forecasting, P&L analysis and financial reporting. Committed to introducing changes to achieve continuous improvement and successfully influencing processes driving operational excellence.

Overview

7
7
years of professional experience
2016
2016
years of post-secondary education
1
1
Certification

Work history

Accounting supervisor

Abdallah Alothaim Markets
Riyadh, Riyadh Region
09.2023 - Current
  • Financial Reporting & Analysis: Prepare and review financial statements, ensuring accuracy and compliance with accounting standards.
  • Month-End & Year-End Closures: Supervise the closing process, including reconciliations, journal entries, and financial reporting.
  • Accounts Payable & Receivable Oversight: Monitor payments, invoices, collections, and ensure proper cash flow management.
  • Team Supervision & Training: Lead and mentor junior accountants, ensuring efficient workflow and adherence to accounting policies.
  • Budgeting & Forecasting: Assist in preparing budgets, financial projections, and cost analysis reports.
  • ERP & Software Management: Utilize accounting software (Dynamics 2012 and Dynamics 365)
  • Preparing monthly, quarterly, and annual financial reports, ensuring timely and accurate decision-making.
  • Manage and oversee daily operations of accounting department including billing, account receivable, account payable, general ledger, cost accounting, inventory accounting, revenue and expenditure.
  • Participate in Financial planning and forecasting process.
  • Manages preparation of requirements for Tax, and VAT
  • Cash management activities, monitoring and analysing inflows and outflows to maintain optimal liquidity.
  • Responsible for Fixed Asset Management.
  • Analysed budgets and financial projections for accurate reporting of company performance.
  • Monitored expenditures effectively, maintaining optimal resource allocation.
  • Managed payroll functions efficiently, ensuring employee satisfaction.
  • Championed strong relationships with external auditors to facilitate smoother audits.

Cost accountant

Abdallah Alothaim Markets
Riyadh, Riyadh Region
07.2022 - 08.2023
  • Facilitated better decision making with comprehensive variance analysis.
  • Coordinated with sales department to set selling prices based on costing information.
  • Forecasted future costs, aiding in strategic business planning.
  • Assisted manufacturing departments in managing material costs efficiently.
  • Track all product costing estimates for both new and existing product formulations
  • Setting up standard cost for labor overhead and bill of material.
  • Using appropriate costing methodologies to recognize, determine, accumulate, and report costs of activities.
  • Report on margins by product and product category.
  • Validate COGS as part of month -end close.
  • Preparation monthly manufacturing material, labor, and overhead cost variance analysis reports.
  • Coordinate supply chain, receiving, inventory flow, operations process, and manufacturing principles.
  • Break -even point preparation
  • Reconcile inventory accounts to general ledger and maintain accurate Raw Materials, WIP, and Finished Goods Inventories.
  • Plan and manage monthly cycle counts and annual physical inventories.

Senior accountant

Abdullah Alothaim Markets
Riyadh, Riyadh Region
02.2020 - 06.2022
  • Led team of junior accountants; ensured high quality work output.
  • Prepared and presented monthly financial Reports (Profit and loss accounts, cash flows, monthly management accounts, variance analysis, and commentaries.
  • Reconciliation of G/L accounts on monthly basis
  • Monitor accounts payable (A/P) and accounts receivable(A/R)
  • Identify potential VAT issues, values, and report (A/P Part).
  • Maintain and review petty cash custody
  • Followed up on past due accounts to collect outstanding balances.
  • Balance confirmation for customers and suppliers
  • Collecting and analysing data about company's operational costs
  • Managed complex fiscal transactions, ensuring compliance with regulations.
  • Review general ledger entries on short schedule with 100% accuracy.

Accountant

Abdullah Alothaim Markets
Riyadh, Riyadh Region
10.2017 - 01.2020
  • Generated invoices based on established accounts receivable schedules and terms.
  • Compiled general ledger entries on short schedule with 100% accuracy.
  • Reviewed all invoices before payment ensuring no fraudulent activity occurred.
  • Proficiently entered and recorded daily transactions into company's system, ensuring accuracy and timeliness.
  • Managed bank account transactions, including internal and external transfers.
  • Executed invoicing, sales, and revenue reporting.
  • Executed monthly closing entries to ensure accurate financial records.
  • Performed monthly bank reconciliation tasks.

Education

Bachelor of Commerce - Accounting

Mansoura University
Mansoura

Skills

  • Microsoft office skills
  • Technical Analysis
  • Operational Planning
  • Strategic Planning
  • Systematic decision-making
  • ERP software (Dynamics 365 expertise )
  • Financial analysis
  • Budgets and forecasting
  • P and L analysis
  • Communication and negotiation
  • Knowledge of vat regulations
  • Inventory control understanding
  • Financial reporting
  • Knowledge of ifrs
  • Expert in Excel
  • Audit coordination
  • Inventory control
  • Inventory management

Languages

Arabic
Native
English
Upper intermediate

Certification

Study FMVA current

Data analysing by excel and power pi

Microsoft dynamics 365 AP&AR

Timeline

Accounting supervisor

Abdallah Alothaim Markets
09.2023 - Current

Cost accountant

Abdallah Alothaim Markets
07.2022 - 08.2023

Senior accountant

Abdullah Alothaim Markets
02.2020 - 06.2022

Accountant

Abdullah Alothaim Markets
10.2017 - 01.2020

Bachelor of Commerce - Accounting

Mansoura University

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IBRAHIM ELMORSI