Mugtaba Ibrahim
Riyadh,Central Area
Summary
A committed accountant with valuable experience of domestic and international finance. Highly focused with a comprehensive knowledge and understanding of financial management and accounting practices. A consistent track record of successfully delivering full lifecycle projects to the highest accounting standards, tight time scales and within budget. Easy going by nature and able to get along with both work colleagues and directors, currently looking for unique opportunity in a new position, with genuine development opportunities.
Resourceful Accounting professional with 25 years of experience in accounting preparation and reporting.
Seasoned auditing professional knowledgeable about risk aversion strategies, cost reduction options and financial processes. Decisive and persuasive communicator with proven problem-solving, leadership and planning abilities.
Overview
25
25
years of professional experience
1
1
Certification
Work History
Chief Executive Accountant
The Industrial Group Ltd. -SAAF Technologies
Riyadh, 01
11.2018 - Current
- Collecting, interpreting and reviewing financial information Predicting future financial trends - Reporting to management and stakeholders, and providing advice how company and future business decisions might be impacted. - Producing financial reports related to budgets, account payable, account receivables, expenses etc. - Developing long-term business plans based on these reports. - Reviewing, monitoring and managing budgets. - Developing strategies that work to minimize financial risk. - Analyzing market trends and competitors.
- Provided journal entries and performed accounting on accrual basis.
- Researched technical tax issues to define tax effect or impact of certain tax positions.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Prepared working papers, reports and supporting documentation for audit findings.
- Diminished outstanding debts by analyzing accounts for issues.
- Maintained integrity of general ledger and chart of accounts.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Kept up-to-date with tax changes ad industry trends by participating in professional organizations, opportunities, and networks.
- Initiated comprehensive account assessments to check viability, stability, and profitability of business operations.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings.
- Compiled general ledger entries on short schedule with 100% accuracy.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Developed financial models to assess and analyze financial performance of clients.
- Used accounting software to issue tax returns and prepare consolidated reports.
- Tracked funds, prepared deposits and reconciled accounts.
- Collected and reported monthly expense variances and explanations.
- Trained new employees on accounting principles and company procedures.
Chief Accountant
The Industrial Group Ltd.
Jeddah, 02
10.2010 - 11.2018
- In charge of developing and implementing accounting policies and procedures
- Identify and resolve accounting issues
- Custodianship and maintenance of finance master date in coordination with corporate financial control.
- Controls over company's book of assets and liabilities to ensure all transactions appropriately recorded in accordance to established financial policies and procedures.
- Supervise controls for accounting procedures and systems
- Budget for and approve major expenses
- Act as expert for general management
- Responsible for recruiting, training and team management for accounting staff
- Analyzing financial data.
- Producing month end financial accounts.
- Prepare verification audits and coordinate auditor activities
- Completing complex bank account reconciliations.
- Set up and improved accounting systems and processes to meet business needs and maximize operational success.
- Reviewed business operations and obligations to help organization function at acceptable level.
- Reviewed budgets and communicated discrepancies to senior management.
- Completed year-end closing processes with controllers and external auditors.
- Calculated tax owed, prepared, and submitted returns and upheld compliance with all applicable laws.
- Wrote financial statements and consolidations after reconciling general ledger accounts.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Developed and implemented effective accounting systems.
- Leveraged finance knowledge to strengthen controls and improve transparency.
- Liaised with clients regarding financial plans and objectives.
- Assisted in upgrade and conversion of in-house financial systems.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Completed biweekly payroll and maintained employee records.
- Oversaw accounting team in servicing diverse clients.
- Prepared accounts for industry audits and supported audit process.
- Analyzed financial audit information and made recommendations to improve efficiencies.
- Assisted team members in transitioning to new system through extensive training and one-on-one support.
- Evaluated and improved financial records to make important business decisions.
- Offered advice and direction to help clients better understand financial goals.
- Drafted variance reports, regulatory filings, and related schedules.
Senior G.L Accountant & Credit Control
The Industrial Group Ltd.
Jeddah, 02
04.2005 - 10.2010
- Month-end, quarter-end and year-end closing
- Monthly expense variance analysis
- Consolidation, inter-company transactions and reconciliations including foreign currency accounting
- Ensure accuracy of financial statements in accordance with GAAP and compliance to internal policies
- Manage Fixed Assets
- Balance sheet accounts reconciliations
- Assist in setting up of credit control system
- Ensure that debts are paid in timely manner
- Meet cash & debtor day targets set by Firm
- Chase overdue invoices by telephone, email & letter within agreed timescales
- Maintain accurate records of all chasing activity
- Identify changes in payment patterns and propose action to avert indebtedness
- Handle disputed bills and negotiate to bring payment within agreed terms
- Provide accurate advice on billing queries
- Respond promptly and completely to both client and internal inquiries
- Propose write off of irrecoverable WIP and disbursements
- Prepare files for transfer to Debt Recovery Dept
- Providing ad-hoc reporting as and when requested
- Post payments to accounts and allocate as required
- Undertake account reconciliations as required
- Ensure monthly processing deadlines are met as required
- Send out monthly client statements/letters as may be agreed from time to time
- Develop credit management capability within practice
- Provide cover for other accounting functions as requested
- Other duties as delegated from time to time by Finance Manager or any other person designated in their absence
- Keep partnership up to date with new credit management techniques and practices
- Arranging terms and conditions for any financial agreements.
- Monitor and manage cash flows and predict future trends.
- Conduct reviews and evaluations of cost reduction opportunities.
Senior Auditor
Al Badran For Auditing
Abha, 14
10.1998 - 04.2005
- Develop audit objectives, plans, and scope by reviewing available information and conducting research-Help design, implement, and maintain internal audit procedures and risk assessment processes-Prepare audit findings, write audit reports, and develop recommendations-Ensure compliance with all applicable plans, policies, and standards-Stay current on industry trends, and best accounting and audit practices-Ensure accuracy of financial information-Follow up on audit recommendations
- Trained new employees on accounting principles and company procedures
- Collaborated with accounting manager to comply with governing bodies and limit regulatory risks
- Provided journal entries and performed accounting on accrual basis
- Compiled general ledger entries on short schedule with 100% accuracy
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry
- Developed financial models to assess and analyze financial performance of clients
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement
- Developed and implemented corrective actions to bring business areas in line with standards
- Developed audit policies, guiding administrative and technical functions
- Completed audit papers by thoroughly documenting audit tests and findings
Education
SAP ERP System -
Gulf Industrial Group
Jeddah, Saudi Arabia08.2008
Diploma Degree -
Al Jazeera University
Khartoum, Sudan12.1997
Bachelor's degree - Accounting and Finance
East Nile University
Khartoum, Sudan01.1996
Skills
- Financial Reporting
- Budgeting & Forecasting
- Analysis Analysis
- Credit Control
- Ability to interpret and communicate financial data to non-financial managers
- Balance Sheets
- Debt Management
- Amortization Cost Valuation
- Cash Flow Analysis
- Forecasting
- SAP Expertise
- Consolidation
Certification
Financial Consultant, International Education Academy, 04/2009, 06/2009, 10260CFC
Languages
Arabic
English
Personal Information
- Date of Birth: 05/25/1969
- Nationality: Sudanese
- Marital Status: Married
Timeline
Chief Executive Accountant
The Industrial Group Ltd. -SAAF Technologies
11.2018 - Current
Chief Accountant
The Industrial Group Ltd.
10.2010 - 11.2018
Senior G.L Accountant & Credit Control
The Industrial Group Ltd.
04.2005 - 10.2010
Senior Auditor
Al Badran For Auditing
10.1998 - 04.2005
SAP ERP System -
Gulf Industrial Group
Diploma Degree -
Al Jazeera University
Bachelor's degree - Accounting and Finance
East Nile University
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