Mazin Asrar
Riyadh,Saudi Arabia
Summary
Finance professional with 5+ years of experience in Treasury, Accounts Payable, Account receivable and Taxation across leading KSA companies and PIF subsidiaries. Skilled in optimizing cash flow, managing multi-million SAR facilities, and ensuring IFRS and tax compliance. Recognized for driving process efficiency, strengthening financial controls, and delivering accurate reporting to support strategic decision-making.
Overview
6
6
years of professional experience
4
4
years of post-secondary education
1
1
Certification
Work history
Senior Accountant
Office supplies company - by AlHoshan Group
Riyadh
08.2025 - 11.2025
- System (LN Infor)
- Treasury Accountant
- Issued and followed up on loans and refinancing with banks.
- Managed issuance, amendments, and extensions of Letters of Guarantee (LG) with banks.
- Handled issuance, amendments, and extensions of Letters of Credit (LC) with banks and suppliers.
- Prepared cash flow reports.
- Monitored and reported the company's daily financial position.
- Prepared financial reports showing available balances for banking facilities.
- Followed up on all banking matters and ensured compliance with requirements.
- Reporting Accountant
- Applied IFRS 16 for leases, including lease classification, Lease Receivable, Right-of-Use Asset, and Lease Liability accounting.
- Prepared financial reports for management and external auditors.
- Prepared and reviewed fixed assets reports, including additions, depreciation, and disposals.
- Reviewed accounts and ensured accuracy of financial data.
Accounts Payable (AP Accountant)
Red Sea Global - Subsidiary of PIF
Riyadh
03.2024 - 08.2025
- (System: SAP)
- Check the accuracy of invoices (Review and check the invoice, Contract, Delivery Note, the PO, and any other supporting Documents)
- Process invoices
- Make sure all bills are paid in an efficient and timely manner
- Understanding the Withholding Tax (WHT) with all rates and the nature of any expense to deduct from the foreign vendor invoices
- Reconcile invoices to weekly wire transfers
- Assisting senior financial officers as needed
- Understanding retention & Down payment recovery
- Review and analyze expenses
- Provide a Statement of account for the vendors (SOA)
- Enter and upload invoices into the system (SAP)
- Understanding the LC, entire cycle (from creating to issuing) + amendment
- Reconciliation and verification
- Employee payment processing
- Responding to vendor inquiries regarding finance
Treasury accountant & Tax accountant
Giza Arabia - Subsidiary of Solutions By STC
Riyadh
10.2021 - 02.2024
- (System: AX Microsoft Dynamics)
- LG, entire cycle (from creating to issuing) + amendment
- LC, entire cycle (from creating to issuing) + amendment
- Bank Reconciliation with Company entries (Weekly)
- Daily report for the company's Cash position
- Coordinate with the external auditor and fulfill all requirements from the external auditor (samples and helping in preparing the FS)
- Coordinate with banks RM for the company (any inquiries from the company to the bank or bank to the company)
- Full report for following up on the facility from all banks and checking the availability limit and utilization, etc., for the (LG, LC, Refinance, and Short-term loan)
- Daily accounting entries (expenses, custody, settlements for the custodies, accrued salaries, bank deposits, end of service, and employee loans/loans settlement)
- Monthly medical insurance entry (Reducing pre-paid expenses by allocating them to each project or department)
- Inventory for the warehouse every quarter (With full report)
- Inventory for the fixed assets Annually (With full report)
- Tax Accountant
- Tax & VAT specialized (monthly VAT report & monthly WHT report)
- Upload VAT & WHT on the ZATCA portal
- Creating WHT Certificate for foreign vendors and related parties
- AR Accountant
- Worked as an AR accountant for three months
- AR Aging report (Monthly)
- Revenue Report (Monthly)
- Following up with the pending invoices till collection
- Collection entries
- Understanding retention & Down payments (Deducting from Revenue invoices)
- Down payment settlement & Retention settlement
- Preparing a statement of account for customers
General Accountant
Ahmad Mansour Trading Co
Riyadh
10.2020 - 10.2021
Accounting and Finance Department
Almarai Company
Riyadh
01.2020 - 03.2020
Education
Bachelor's degree - Accounting
King Saud University
Riyadh, Saudi Arabia 01.2016 - 03.2020
Skills
- Microsoft Office
- SAP
- Communication Skills
- Analytical thinking
- Problem-solving skills
- Detail oriented thinking
- Collaboration
- AX Microsoft Office
- Committed to Job responsibilities
- Credit control strategies
- Tax preparation
- Cash flow management
- Audit coordination
Accomplishments
- The most productive team member in handling invoices at Red Sea Global. The top employee among 25 AP staff responsible for invoice processing achieved a perfect record of timely payments.
- Invoice Discrepancy Reduction - Reduced invoice discrepancies through meticulous reconciliation effort.
- Optimized Payment Processing - Facilitated faster payment processing using SAP system integrations.
- Enhanced Cash Flow Management - Coordinated with over 5 banks for efficient cash flow management.
- Ability to cover several departments. Covered the Treasury and Tax departments effectively.
Certification
- Second Class Honours
- Step score of 81
- Socpa accounting membership
LANGUAGES
Arabic - Native
English - Proficient
Timeline
Senior Accountant
Office supplies company - by AlHoshan Group
08.2025 - 11.2025
Accounts Payable (AP Accountant)
Red Sea Global - Subsidiary of PIF
03.2024 - 08.2025
Treasury accountant & Tax accountant
Giza Arabia - Subsidiary of Solutions By STC
10.2021 - 02.2024
General Accountant
Ahmad Mansour Trading Co
10.2020 - 10.2021
Accounting and Finance Department
Almarai Company
01.2020 - 03.2020
Bachelor's degree - Accounting
King Saud University
01.2016 - 03.2020