MOHAMED SAYED ABDALHAFEZ KHALLAAF
Riyadh
Summary
senior accountant AP/ AR with over 7 years, experience in financial management, and financial reporting , adept at data analysis, problem solving and providing sound financial guidance,Knowledgeable about accounts payable and receivable processes, with sharp eye for detail and accuracy, Committed to on-time payments, maintaining detailed records and paying vendors on time,Skilled at fixing account and data discrepancies,Willingness to take on added responsibilities to meet team goals.
Overview
7
7
years of professional experience
Work History
Senior Accounts Payable Specialist
Almadina Holding-Hearing Aids, Optical, Pharmacies
Riyadh, Saudi Arabia
09.2023 - Current
- Review invoices received from suppliers/vendors and perform invoice matching with delivery notes and purchase orders.
- Submit statement of accounts to suppliers/vendors on monthly basis and reconcile variances with suppliers.
- Reconcile payments and resolve discrepancies between payments and invoices.
- Ensure release of supplier payments as per the department’s purchase and credit policies along with maintain proper accounts for the supplier.
- Prepare calques, wire-transfers, and other payments for approval by the Finance Manager.
- Improved vendor relationships through timely payments and prompt resolution of discrepancies.
- Collaborated with procurement team to ensure proper approval, coding, and matching of purchase orders with invoices By three-way matching.
- Strengthened internal controls by strictly adhering to company policies and procedures in handling accounts payable transactions.
- Facilitated cross-departmental communication to address issues related to invoicing, approvals, or payment status updates promptly.
- Provided journal entries and performed accounting on accrual basis.
- Reduced late payment fees by closely monitoring due dates and ensuring timely completion of payments.
- Compiled general ledger entries on short schedule with High accuracy.
- Maintained strong working knowledge of tax regulations applicable to accounts payable activities, ensuring compliance at all times.
- Supported month-end closing procedures with accurate account reconciliations and necessary adjustments.
- Developed effective working relationships with vendors through open communication and timely resolution of issues.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Handle petty cash and calculate reimbursement of all petty cash expenses
- Trained new employees on accounting principles and company procedures.
Senior Accounts Receivable Accountant
Almadina Holding-Hearing Aids, Optical, Pharmacies
Riyadh, Saudi Arabia
06.2022 - 08.2023
- Apply payments received to customer accounts accurately and in a timely manner.
- Enhanced cash flow management by accurately forecasting revenue on a monthly basis.
- Address the root causes of recurring billing errors, resulting in fewer disputes and delayed payments.
- Managed past due balances, financial inquiries and other accounts receivable functions.
- Kep up-to-date with tax changes
- Proactively identified patterns indicating potential bad debt risks, enabling early intervention to mitigate losses.
- Established strong working relationships with customers, facilitating prompt resolution of issues impacting payment timeliness.
- Provided support during audits by presenting well-organized documentation of accounts receivable activities and balances.
- Tracked funds, prepared deposits and reconciled accounts.
- Monitored timely collection and application of account receivable collections.
- Ensured timely month-end closing by consistently meeting deadlines for reconciliations and reporting tasks.
- Follow up with customers on overdue accounts and resolve billing discrepancies or disputes.
- Provided critical support during system upgrades or conversions by working closely with IT staff to ensure minimal disruption to daily operations.
- Collaborated with external auditors during the annual audit process to provide necessary documentation and address any concerns or findings promptly.
Accountant
Red Sea Company For Trade And Industry
Riyadh, Saudi Arabia
10.2019 - 05.2022
- Manage all accounting transactions.
- Handle monthly, quarterly, and annual closings.
- Reconcile accounts payable and receivable.
- Ensure timely bank payments.
- Audit financial transactions and documents.
- Reinforce financial data confidentiality and conduct database backups when necessary.
- Comply with financial policies and regulations.
- Completed daily cash functions like account tracking, payroll and
- wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Reconciled accounts and reviewed expense data.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Handle petty cash and calculate reimbursement of all petty cash expenses.
- Record all accounts receivable transactions and ensure timely completion of accounts for the month end closing.
- Process payroll for all employees including: current employees, terminations, status changes, deductions, direct deposits, retroactive adjustments and special pays as applicable.
- Maintain payroll records and ensure proper approvals for adjustments to payroll.
Education
Bachelor of Commerce - Accounting
Al Azhar University
Cairo, Egypt09.2016
Skills
- AP operational expertise
- Audit Support
- Bank Reconciliation
- Vendor Relationship Management
- Payment Processing
- Tax Compliance
- Sorting receipts
- Vendor Management
- Backing up accounts receivable
- Invoice Processing
- ERP System Expertise
- Credit Card Reconciliation
- Foreign Currency Transactions
- General accounting
- Bill payment
- Year-end reporting
- Expense Reporting
- Bookkeeping
- Payment verification
- Tax reporting
- Statement Review
- Account Analysis
- Financial Management
- New Hire Training
- Accounts Payable
- General Ledger Entries
- Account Reconciliation
- Expense Tracking
- Vendor invoice processing
- Payment Scheduling
- Customer Relations
- Inventory Management
- Financial records and reporting
- Accounts Receivable
- Data Analysis
- Bill Payment and Recordkeeping
- Vendor Record Management
- Effective Communication
Additional Information
I worked on many programs such as Aswaaq 6, EgySoft, Al Motakamel Resort, Scribe, and more..
Languages
Arabic
Native language
English
Upper intermediate
B2
Timeline
Senior Accounts Payable Specialist
Almadina Holding-Hearing Aids, Optical, Pharmacies
09.2023 - Current
Senior Accounts Receivable Accountant
Almadina Holding-Hearing Aids, Optical, Pharmacies
06.2022 - 08.2023
Accountant
Red Sea Company For Trade And Industry
10.2019 - 05.2022
Bachelor of Commerce - Accounting
Al Azhar University