Muhammad Faizal
Riyadh
Summary
Results-driven Senior Accountant with extensive experience in financial reporting, internal audit, and budgeting within the food production industry. Proven track record of effectively preparing MIS reports, managing accounts reconciliation, and ensuring compliance with regulatory guidelines. Adept at overseeing month-end and year-end financial closing processes and coordinating with internal and external auditors. Proficient in analyzing financial data to provide strategic insights and recommendations for improving financial performance. Seeking a challenging accounting role in Saudi Arabia where I can leverage my skills to drive organizational growth and success while maintaining the highest standards of accuracy and integrity
Overview
15
15
years of professional experience
1
1
Certification
Work History
Senior Accountant
Taza Company Ltd (A Saudi Closed Joint Stock Company)
Taif
2014.03 - 2024.05
- Leadership in Financial Reporting: Spearheaded the supervision and active involvement in the meticulous preparation of monthly Management Information System (MIS) reports, ensuring accuracy and timeliness.
- Financial Planning Expertise: Demonstrated proficiency in cash flow forecasting, meticulously evaluating budgetary performance, and strategizing financial resources allocation for optimal organizational growth.
- Financial Closure Management: Successfully managed month-end and year-end financial closing processes, guaranteeing compliance with regulatory standards and seamless transition to new financial periods
- Audit Coordination and Compliance: Facilitated seamless coordination with both internal and external auditors, ensuring adherence to audit requirements and regulatory guidelines, thereby mitigating financial risks.
- VAT Compliance and Reporting: Methodically monitored, validated, and submitted monthly Value-Added Tax (VAT) returns for KSA entities, ensuring compliance with governmental tax regulations.
- Effective Financial Management: Proficiently managed the general ledger, accounts payable & receivable, and revenue distribution, maintaining accurate financial records and ensuring transparency
- Payroll Administration and Accuracy: Ensured the accuracy of monthly payroll through meticulous verification and initiation of wire transfers, including the calculation and posting of provisions for end-of-service and vacation salaries
- Inventory Control and Reconciliation: Conducted regular physical counts and meticulously reconciled inventory levels, ensuring accuracy and reliability in financial reporting and decision-making processes.
- Deadline-Oriented Task Completion: Demonstrated adeptness in coordinating with the finance team to complete assigned accounting tasks within stipulated deadlines, ensuring operational efficiency
- Adherence to Accounting Standards: Ensured adherence to accounting standards and best practices in all financial activities, maintaining the highest levels of accuracy, integrity, and transparency.
Senior Accountant
Omer Ali Balsharaf Trading Company
Riyadh
2011.01 - 2013.01
- Accounts Payable and Receivable Oversight: Provided meticulous oversight of accounts payable and receivable processes, ensuring accuracy and timeliness in financial transactions
- Authorization and Approval: Authorized and approved accounting transactions, ensuring compliance with organizational policies and procedures
- Cash Management: Tracked cash receipts and petty cash expenditures, maintaining accurate records and optimizing cash flow management
- Month-End and Year-End Financial Management: Managed month-end and year-end financial processes, ensuring timely and accurate financial reporting
- Financial Documentation: Prepared and maintained cash and bank payment vouchers, as well as sales invoices, ensuring accuracy and completeness of financial documentation
- Financial Reporting Support: Provided support in financial reporting activities, assisting in the preparation of financial statements and reports
- Process Efficiency Enhancement: Identified opportunities for process improvements in accounting operations, contributing to enhanced efficiency and effectiveness
- Collaborative Teamwork: Collaborated with colleagues and cross-functional teams to achieve departmental and organizational goals
- Regulatory Compliance: Ensured compliance with regulatory requirements and accounting standards in all financial activities
- Professional Development: Actively participated in professional development activities to enhance accounting skills and knowledge.
Senior Accountant
Al Hadheesy Trading Establishment
Riyadh
2009.01 - 2011.01
- Inventory Management: Conducted physical inventory inspections and monitored inventory management systems to ensure accurate inventory records
- Accounts Analysis and Reconciliation: Analyzed and reconciled retainage, accounts payable, and accounts receivable, ensuring accuracy and integrity of financial data
- Financial Reporting Preparation: Prepared various financial management reports, supporting informed decision-making by senior management
- Petty Cash Management: Reviewed and prepared documentation for petty cash replenishment, maintaining accurate records and ensuring compliance with policies
- General Ledger Reconciliation: Reconciled sub-ledger to general ledger account balances, ensuring accuracy and completeness of financial records
- Financial Report Review: Reviewed and analyzed financial reports, identifying variances and discrepancies for corrective action
- Collaborative Communication: Communicated effectively with colleagues and stakeholders, fostering collaborative working relationships
- Process Documentation: Documented accounting processes and procedures, ensuring consistency and standardization in financial operations
- Continuous Improvement: Contributed to continuous improvement initiatives, suggesting and implementing enhancements to financial processes
- Adaptability and Flexibility: Adapted to changing priorities and deadlines, maintaining productivity and quality standards in a dynamic work environment.
Education
Master of Business Administration - Finance
Anna University
Bachelor's Degree in Commerce -
Periyar University
Skills
- Reporting Financial
- Internal Audit
- Budgeting
- MIS Reports
- Accounts Reconciliation
- Regulatory Compliance
- Cash Flow Forecasting
- Payroll Management
- General Ledger Management
- External Audit Coordination
- Analytical Skills
- Inventory Management
- Team Collaboration
- Process Improvement
- MS Office Suite
Certification
- SOCPA Certification
- Post Graduate Diploma in Accounting
- MS Office Certification
Languages
- English (Fluent)
- Arabic (Fluent)
- Hindi (Proficient)
Software skills
- SAP ERP
- Penygon ERP & E-commerce application
- Foodics POS Application
Timeline
Senior Accountant
Taza Company Ltd (A Saudi Closed Joint Stock Company)
2014.03 - 2024.05
Senior Accountant
Omer Ali Balsharaf Trading Company
2011.01 - 2013.01
Senior Accountant
Al Hadheesy Trading Establishment
2009.01 - 2011.01
Master of Business Administration - Finance
Anna University
Bachelor's Degree in Commerce -
Periyar University
- SOCPA Certification
- Post Graduate Diploma in Accounting
- MS Office Certification
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