Muhammad Suleman Hameed
Dammam
Summary
A Competent Chartered Certified Accountant with 4+ years of experience in service and Construction sector. IFRS Certified having a diverse experience in processing the Complex transactions (IFRS Compliance) Adept at Preparing year end earnings and profit computations, including periodic maintenance of financial statement, ability to translate a concept into the financial element,
Management Accountant, Able to calculate the cost of Manufactured Unit including analyzing different Pricing Strategies and profitability analysis, (CVP Analysis)
A Complete Knowledge of KSA VAT . From setting up the company to Periodically submission of VAT. Individual that Possess comprehensive grip on challenges and Dynamic Environment of ZACTA KSA , An absolute understanding of KSA CORPORATE INCOME TAX (CIT), ZAKAT , WITH-HOLDING TAX(WHT) Including Calculation of TAX COMPUTATION to Treatment of complex transaction to comply with Regulation
Overview
6
6
years of professional experience
1
1
Certification
Work History
Cost Accountant/Financial Analyst
Marjan Al-Muhaidib Group
12.2023 - Current
- Calculated the Cost of Highly Complex Products Line Including Determining the Overheads and Fair Allocation of Overhead Upon Different Products and Process
- Analyzed the Different Pricing Strategies, and Recommendation to Executives in Order to Shape the Price of Product
- Closely Examine the ERP Existing Setup and Identified the Inaccuracy in Process and Reported. Coordinated With ERP Consultant to Implement the Corrective Measures
- Analyzed the Chart of Accounts (COAs), Including the Deficiencies in Financial Reporting Process and Suggested the Corrective Measures
- Undertaken the Month End Closing, Supervising the Team of Accountants So That Accurate Inventory Count Is Undertaken in Different Location
- Identified the Underline Cause of Variances and Suggested the Management for an Appropriate Reforms to Be Undertaken
Coordinated With Production Department and Presented the Shortcomings to Higher Management Lead to Significant Saving of Material in Manufacturing Process - Conducted In-Depth Variance Analysis to Identify Root Causes of Discrepancies Between Actual Results Versus Projections, Informing Corrective Actions as Necessary.
- Strengthened Internal Controls by Reviewing Existing Processes and Recommending Enhancements to Safeguard Company Assets.
Provided Valuable Insights Into Production Efficiency by Analyzing Manufacturing Process Costs Against Industry Benchmarks.
ERP consultant
فرع شركة جلوبال هيريتيج سيستم- Global Heritage Sys
12.2022 - 02.2024
- Implemented ERPnext and closely supervised entire process of transition of data into Software
- Estimated costs of new systems, modifications and updates.
- Developed and implemented system testing plans in support of deployments.
Partnered with users to understand and define system requirements. - Prepared CHART OF ACCOUNT (COA) by taking into account nature of business and its future Requirement
- Analyzed Bank statement by taking into account relevant IFRS and IAS in-order to compliance with Reporting Standards and Kingdom laws
- Prepared Financial statements for subject entity for entire year 2023, identified and Rectified discrepancies to ensure compliance
- Prepared and Submitted the VAT for quarter Dec 2023, and Co-ordinated with senior director regarding previously inaccurate submission of VAT.
- Closely Co-ordinated with External Auditors to ensure Smooth Process of audit in undertaken
- .Prepared the Corporation Income Tax (CIT) for the year and Submitted the Final Account to GAZT Authorities
Senior Accountant
Baseline Practice Support PVT LTD
04.2020 - 08.2023
- Effectively Identified and Processed Highly Complex Transaction in order to comply with Relevant IFRS Standard
- Managed entire Accounting Cycle from Data Collection to posting to ledgers including Period end closing entries
- Managed and prepared Journal Entries and Reconciliations to support monthly general ledger closing activities.
- Generated and presented Monthly Financial Statements to senior management.
- Prepared monthly Profit and Loss, Balance Sheet and Cash Flow Reports with exceptional accuracy.
- Prepared Reports and Presentations for Executives with excellent copywriting and data visualisation.
- Partnered with Auditors to Prepare yearly Audits and Ensure Compliance with governmental tax guidelines.
- Updated Journal Entries and accounts on Accrual Basis with Xero, QuickBooks, Zoho Books, Sage One, and Tally Prime
- Prepared VAT and Income Tax forms for commercial and individual clients.
- Charged with understanding of different services and manufacturing industry's financial situation and not allowing unintended deficit to occur
- Managing teams and liaising with senior management in-order to achieve and exceed targets and meet deadlines .
- Working closely with client to strengthen key areas and target financial growth
- Gathering and presenting key data to Senior Mangers and Suggesting Necessary Reaction to Detailed Forecast
Trainee accountant
EscrEscrow Consulting Group (ECG)
12.2018 - 02.2020
- Supported Bookkeeping activities to maintain accurate and up-to-date records.
- Built solid working relationships with clients using exceptional communication skills.
- Read and interpreted relevant Regulations and Legislation to Maximise Compliance .
- Organized digital and physical files using methodical approach.
- Employed Microsoft Excel skills to organize and manipulate large data sets.
- Creditors(Payables) and Debtors(Receivables) control accounts of client based in Canada and UK on Monthly and Quarterly basis
- Assisted mangers with streamlining various processes to improve close process
- Preparation of VAT using Advanced accounting assisted software Xero, QuickBooks, Spread sheet and MS Excel
- Maintained accurate and complete documentation for all Financial Department Procedures.
Education
ACCA (Affiliate) - Accounting And Finance
Association of Chartered Certified Accountant ACCA
Bachelor's (BS Hon.) In Applied Accounting (OBU) - Accounting and Finance
Oxford Brookes University UK
Advanced Diploma: Accounting and Business - Business, Accounting, Audit, Taxation
ACCA UK
Skills
- Strategic Corporate Reporting (IFRS)
- Financial Analyst
- Oracle Financial (Orion)
- Corporate Financial Management
- Financial Modeling
- Xero
- Microsoft excel
- QuickBooks
- Audit and Assurance
- Accounts Payable and Receivable (AP/AR)
- Payroll processing
- SAP S/4HANA
- Tally Prime
- Sage One
Affiliations
Association of Chartered Certified Accountant (ACCA)
Languages
English
Fluent
Arabic
Intermediate
Urdu
Native
Punjabi
Native
Siraiki
Advanced
Certification
- ACCA - Association of Chartered Certified Accountants
- IFRS certified
- Microsoft Excel
- SAP S/4 HANA (FICO)
- XERO
- SAGE ONE
- QuickBooks
Timeline
Cost Accountant/Financial Analyst
Marjan Al-Muhaidib Group
12.2023 - Current
ERP consultant
فرع شركة جلوبال هيريتيج سيستم- Global Heritage Sys
12.2022 - 02.2024
Senior Accountant
Baseline Practice Support PVT LTD
04.2020 - 08.2023
Trainee accountant
EscrEscrow Consulting Group (ECG)
12.2018 - 02.2020
ACCA (Affiliate) - Accounting And Finance
Association of Chartered Certified Accountant ACCA
Bachelor's (BS Hon.) In Applied Accounting (OBU) - Accounting and Finance
Oxford Brookes University UK
Advanced Diploma: Accounting and Business - Business, Accounting, Audit, Taxation
ACCA UK
- ACCA - Association of Chartered Certified Accountants
- IFRS certified
- Microsoft Excel
- SAP S/4 HANA (FICO)
- XERO
- SAGE ONE
- QuickBooks
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