Muhammad Ismail
Jeddah
Summary
Seasoned Accountant bringing more than 10 years of experience directing accounting systems for diverse business groups. Industrious and cost-conscious with excellent project management abilities. Advanced understanding of industry standards and accounting laws.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Chief Accountant
Diyar Al Manar United Co.
10.2023 - Current
- Managed & overseen daily operation of accounts department & lead accounting staff
- Analysed accounting data and produce financial reports
- Established and enforced proper accounting methods, policies and principles
- Evaluate, developed and improved department controls
- Ensured timely and accurate VAT filing and payments
- Setup SOP’s and KPI’s for accounts department.
Senior Accountant
Al Mazen Group
03.2023 - 08.2023
- Led the accounting department in preparing monthly financial statements
- Monitored and reconciled intercompany transactions
- Monitored bank balances, and maintained adequate liquidity
- Reviewed and processed invoices for payment
- Managed treasury operations, including cash management, bank account management, and payment processing
- Processed and reviewed payroll data to ensure accuracy and compliance with company policies and government regulations
- Managed the month-end close process.
Accounting Manager
Primeway Technologies L.L.C
09.2022 - 02.2023
- Managed & overseen daily operation of accounts department & lead accounting staff
- Analysed accounting data and produce financial reports
- Established and enforced proper accounting methods, policies and principles
- Evaluate, developed and improved department controls
- Ensured timely and accurate VAT filing and payments
- Setup SOP’s and KPI’s for accounts department.
Chief Accountant
MANAR ALKHALEEJ HOLDING
01.2018 - 12.2019
- Computed, scrutinized, and verified VAT returns and processed quarterly VAT payments, and ensured compliance with VAT regulations
- Lead a team of 5 accountants directly & supported a team of 10 accountants to make sure deadlines were met on time
- All accounting procedures were converted to electronic form, resulting in a 50% reduction in stationery costs
- A 20% increase in productivity was achieved by conducting workload assessments and designing new operational processes
- Integrated a 3-way matching process and strengthened invoice validation for vendor’s accounts posting, resulting in timely payment of Accounts payable (A/ P)
- Coordinated with banks regarding LCs and other banking issues for process improvement
- Explored the company’s operations trends and expected obligations and created metrics to prepare forecasts and budgets
- Initiated and instigated accounting systems and processes to meet organizational needs and maximize business productivity
- Assessed accounts for external audit and supported audit process and reduced overall audit duration
- Handled month-end, year-end end closing by managing and reporting fixed assets and other data
- Improved collection by 15% by streamlining billing systems and reducing invoice submission and verification time.
Financial Controller
The Blue Medical Centre
07.2017 - 12.2017
- Improved all finance and accounting procedures in adherence to company financial policies with zero tolerance to refine the accuracy of financial data
- Developed and prepared an annual budget and business plan to open a new branch
- Revamped accounting system and introduced internal controls and monitoring of critical areas
- Presented financial reports (Income Statement, Balance sheet and cash flow) with disclosure to management
- Reviewed and investigated old client’s agreements to get the actual profit or loss analysis
- Restructured vendors’ payment procedure and payment terms to have more flexibility in payment
- Implemented ERP (Oracle) which resulted in control and process enhancement and timely reporting
- Reduced cost by 20% by elevating productivity of Doctors Nurses, terminated low-income contracts
- A 20% increase in the settlement was achieved by renewing and updating contracts with insurance companies.
Senior Accountant
Manar Al Omran Scaffolding Rent and Trading
11.2011 - 04.2017
- Achieved 80% sales target by working directly with the professional Sales team
- Monitored monthly and quarterly actual performance against the annual plan collection and sales team and assisted management in carrying out necessary performance reviews
- Reviewed and evaluated Sales executive KPIs monthly and quarterly
- 25% increase in sale collection, by identifying and verifying Sales receivable and collection follow-up
- Verified and posted Prepaid, Depreciation, Provision & Accrual
- Flourished relationship with vendors by verifying and processing vendor payments on time
- Conducted regular audit which improved the accuracy and completeness of financial records
- Managed a process re-engineering to reform and consolidate end-to-end service process, restructure communication flow among 4 cross-functional departments
- Handled periodic monthly/quarterly/year-end intercompany reconciliation, Banks, and ledger reconciliation activities to deliver on-time reporting
- Presented Business reviews with monthly and quarterly reports and analysis for management and submitted recommendations
- Minimized inventory discrepancies with the customer by timely verification of incoming and outgoing stocks to the customer
- 30% raise in accounting department efficiency and performance through rigorous training of accounting staff.
Education
Master of Business Administration (M.B.A.) - Accounting and Finance
Hamdard University
10.2010
Bachelor’s Degree - Business Administration and Management, General
Hamdard University
10.2008
Skills
- Xpedeon
- SAP
- Financial Reporting
- Month-end close
- Financial Statements
- ERP System Expertise
- General Ledger Management
- Financial Auditing
- Accounts Payable and Receivable
- Internal Controls
- Full-cycle accounting
Certification
- Finance Foundation: Income Taxes
- Financial Forecasting with Analytics Essential Training
- Accounting Foundations: Managerial Accounting
- SAP Financials Essential Training
Languages
Urdu
English
Arabic
Pushto
English
Timeline
Chief Accountant
Diyar Al Manar United Co.
10.2023 - Current
Senior Accountant
Al Mazen Group
03.2023 - 08.2023
Accounting Manager
Primeway Technologies L.L.C
09.2022 - 02.2023
Chief Accountant
MANAR ALKHALEEJ HOLDING
01.2018 - 12.2019
Financial Controller
The Blue Medical Centre
07.2017 - 12.2017
Senior Accountant
Manar Al Omran Scaffolding Rent and Trading
11.2011 - 04.2017
Master of Business Administration (M.B.A.) - Accounting and Finance
Hamdard University
Bachelor’s Degree - Business Administration and Management, General
Hamdard University