Mohamed Ahmed Abbas
Dammam,Eastern Province
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.
Overview
12
12
years of professional experience
2013
2013
years of post-secondary education
1
1
Certification
Work history
Accountant
Hafil Transport Establishment (Holding)
Jeddah
05.2014 - 05.2015
- Review, verify, and record supplier invoices and payments in ERP system (Oracle).
- Perform supplier account reconciliations and resolve discrepancies in timely manner.
- Reconcile with Intercompany
- Prepare checks and process payments in compliance with company policies and approved authorization limits.
- Prepare, review, and manage documentation related to Letters of Credit (L.C.), loans, and banking facilities.
- Coordinate and maintain effective communication with banks regarding financing arrangements, guarantees, and settlements.
- Record, monitor, and reconcile loan transactions, interest, and bank charges to ensure accurate and complete financial reporting.
Accountant
International Transport Solutions (Prima Cab)
Jeddah
05.2015 - 03.2016
- Review, verify, and record invoices and payments in ERP system (Oracle).
- Manage and reconcile petty cash in accordance with company policies and internal controls.
- Maintain and monitor fixed asset records, including capitalization, depreciation, and disposals.
- Prepare checks and process electronic payments in compliance with approved procedures.
- Record revenues accurately and follow up with customers to ensure timely collections.
Senior accountant
Hafil Transport Company (R&M Section)
Shumisy Makkah
03.2016 - 08.2023
- Review, verify, and record supplier invoices and payments in ERP system (Oracle).
- Record and monitor accruals to ensure accurate and timely period-end financial reporting.
- Review purchase orders and reconcile requested quantities with actual consumption and stock availability, resulting in 50% reduction in unnecessary purchases and preventing dead stock accumulation valued at SAR 20 million.
- Develop and implement new control process to prevent duplication of fixed assets, strengthening asset management and internal controls.
- Monitor and validate inventory transactions to ensure accuracy and compliance with company policies and procedures.
- Plan, prepare, and supervise annual physical and cycle inventory counts across all KSA warehouses and stores.
- Analyze inventory count results and prepare consolidated summary reports for management, highlighting shortages, excesses, and variances to support informed decision-making.
- Prepare and present monthly inventory reports, including stock movement, variance analysis, and inventory valuation.
- Prepare and process payroll files, ensuring accuracy, confidentiality, and timely submission.
- Manage petty cash, including reconciliation and compliance with internal control policies.
Accounting supervisor
Darb AlWatan Co.
DAMMAM, Saudi Arabia
09.2023 - Current
- Managed and recorded sales transactions across all channels, including Agents, B2C, and B2B customers.
- Reviewed sales agreements, discounts, commissions, and billing terms for accuracy and compliance.
- Monitored collections and outstanding balances, liaising with Sales teams to resolve discrepancies.
- Prepared periodic sales reports by channel for management review.
- Supported system testing and upgrades related to sales processes.
- Performed regular bank reconciliations to ensure accurate recording of receipts and payments.
- Investigated variances between bank statements and accounting records for sales transactions.
- Coordinated with departments to validate accrued expenses and supporting documentation.
Education
Bachelor - Accounting
Cairo University
Cairo05.2013
Skills
- Team work
- Microsoft Office
- Bank reconciliations
- Microsoft Office Suite "Excel"
- Communication and negotiation
Certification
- CMA Course Part One, Financial Training Center
- ICDL Course, Faculty of Engineering - Cairo University Apr 2013 - May 2013
- IFRS Course, Hafil Company's Courses (Tamkon Team) Aug 2018 - Oct 2018
- Communication Skills, Hafil Company - Training Team Feb 2020 - Feb 2020
- Excel Skills for Business: Cousera (Online Course) Dec 2020 - Jan 2021
LANGUAGES
Arabic
Native
English
Advanced
DRIVING LICENSE
Driving license category Saudi Private License
WEBSITES & SOCIAL LINKS
LinkedIn: https://www.linkedin.com/in/mohamed-abbas-639276106/
PERSONAL DETAILS
- Date of birth 22/07/1992
- Nationality Egyptian
- Visa status Iqama
- Marital status Married
References
References available upon request.
Timeline
Accounting supervisor
Darb AlWatan Co.
09.2023 - Current
Senior accountant
Hafil Transport Company (R&M Section)
03.2016 - 08.2023
Accountant
International Transport Solutions (Prima Cab)
05.2015 - 03.2016
Accountant
Hafil Transport Establishment (Holding)
05.2014 - 05.2015
Bachelor - Accounting
Cairo University