Mohammed Faisal Ahmed
Riyadh
Summary
I am looking for a Job in the field Finance and Accounts as a Senior Financial Analyst or Chief Accountant where I can utilize my 12 Plus years of experience and knowledge in my new Job Assignments. My Major Job responsibilities are, Handling Accounts payable, Receivable, Bank Reconciliations, Cost of goods sold and sales/Production report, Inventory, post finance (short term and medium-term loans with banks), Fund Management, Payroll, Accruals, Prepayments, Asset Master, & Global Related Parties. have done an MBA in finance.
Overview
14
14
years of professional experience
Work History
Senior Finance Executive
American Air Filter Company Ltd (Daikin Affiliate)
11.2019 - Current
- Handling Payroll (in Bank and Accounting Books).
- Handling Asset Master & Depreciation Run Every Month.
- Maintaining Accruals and Prepaid Expenses Accounting.
- Handling WHT (With Holding Tax)
- Handling VAT (Value Added Tax)
- Handling Audit to get Draft Financial.
- Contributing & making financial reports in absence of Manager.
- Handling Banks & Bank Reconciliation Every Month.
- Maintaining and updating Schedules (Accruals, Prepaid Expenses, Goods in Transit, Bank Guarantees, Supplier Advances)
- Making Quarterly Daikin Reports and submitting for (Related Parties Purchase and Sales, Intercompany Debtor and Creditor Report).
- Making Account Receivable Report & Handling Accounts Receivable Bad debts provisions quarterly.
- Implementing cost standards for materials and labor and cost of good manufactured.
- Preparing cost of goods sold and production reports.
- Trac Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs.
- K cost associated with raw materials, labor, supply chain, and other expenditure that vary frequently and reconciling beginning raw materials, work in progress and finished good stocks.
- Analyze Month-end and year-end reports to identify and recommend cost-effective improvements.
- Formulate a clear report to assist top-level management in understanding the actual spending against the allocated budget by management.
- Make quarterly and year-end physical inventory process.
- Review of work orders for accuracy and participation in implementing the company’s inventory cycle count being and essential link between the operation and accounting.
- Review costing of all inventory items.
Accounts Executive
National Paper Company (Napco Group Companies)
06.2015 - 06.2019
- Handling all foreign payable, Bank Reconciliations and post finance of a company.
- Making monthly payable summary of foreign suppliers and processing the payments to suppliers as per due dates.
- Controlling the advances payments made to suppliers and follow up with purchasing department to close the advances against the invoice.
- Controlling the GR & IR accounts and follow up with purchasing and stores departments to close the pending against the submission of invoices.
- Making monthly Payable Ageing report and cross checking with general ledger balances.
- Making suppliers balance confirmation for audit.
- Working with auditors in audit and providing them the required information as per there requirement.
- Controlling the supplier LC’S & IC’S and coordinating with bank for collection of suppliers LC’S & IC’S documents.
- Maintaining and controlling post finance in system (short term loans & medium-term loans with banks)
- Making rollover and payment of short-term loans upon maturity.
- Preparing every month short term and medium-term loans accruals.
- Monitoring the funds of company for smooth and efficient run of payable process
- Making every month all banks’ reconciliations and rectifications of entries and follow up with the respective persons to close the pending entries.
- Handling every month closing of payable.
- Working on eminent ERP – Oracle JDE
Financial Accountant
Yousuf Al-Rajhi Holding Company
04.2011 - 06.2015
- Assist in the setting up of the credit control system.
- Ensure that debts are paid in a timely manner.
- Meet cash & debtor day targets set by the Firm.
- Regular meetings with Fee Earners to ensure all relevant debts are managed.
- Handle disputed bills and negotiate to bring payment within the agreed terms.
- Provide accurate advice on billing queries.
- Post payments to accounts and allocate as required.
- Undertake account reconciliations as required.
- Develop the credit management capability within the practice.
- Provide cover for other accounting functions as requested.
- Other duties as delegated from time to time by the Finance Manager or any other person designated in their absence.
- Keep the partnership up to date with new credit management techniques and practice.
- Worked on ERP- Microsoft Accepta Dynamic
Financial Accountant
MOHAMMED YOUSUF NAGHI MOTORS - HYUNDAI
07.2008 - 01.2011
- Reconciliation of service revenue invoices of cash, credit and inter company.
- Pulling data from AS400 and transferring to excel and aligning the data according to cash, credit and intercompany wise.
- Reconciling the cash invoices of system with the physical invoices
- Checking the Receipt voucher against the cash invoices
- Reconciling the credit invoices of system with the physical invoices
- Sending the reconcile statements to credit controller.
- Preparing and posting the debit notes to inter companies.
- Passing the entry of credit invoice of company employee to staff loan account
- Preparing and posting credit notes of inter companies.
- Preparing monthly closing statement of receivables of cash & credit services
- Posting of vendor invoices and settling their accounts
- Preparing & posting bank payment vouchers related to salaries of employees and expenses.
- Creating different types of Assets in SAP & posting them in SAP
- Posting month end adjustment entries
- Preparing Bank Reconciliation Statement
- ERP used: S.A.P (Systems Application and Products) and AS400 (IBM)
Education
Master of Business Administration - Finance
Skills
Senior Accountant
Target Job Title
Finance and Accounts
Career Level
Mid-Career
Target Job Location
Saudi Arabia; UAE; Oman; Doha; Qatar.
Timeline
Senior Finance Executive
American Air Filter Company Ltd (Daikin Affiliate)
11.2019 - Current
Accounts Executive
National Paper Company (Napco Group Companies)
06.2015 - 06.2019
Financial Accountant
Yousuf Al-Rajhi Holding Company
04.2011 - 06.2015
Financial Accountant
MOHAMMED YOUSUF NAGHI MOTORS - HYUNDAI
07.2008 - 01.2011