Muhammad Idrees Ahmed
Deputy Manager - Distribution Accounting
Riyadh,01
Summary
Accomplished financial management and accounting professional 10 years of demonstrated positive impact company growth. Proven skill in employing accounting and financial management best practices and team leadership. Committed to introducing changes to achieve continuous improvement and successfully influencing processes driving operational excellence. Expertise in financial statement preparation and analysis, operational management, forecasting and cost control.
Overview
9
9
years of professional experience
14
14
years of post-secondary education
1
1
Certification
Work History
Deputy Manager
Arabio - Arab Company for Pharmaceutical Products
Riyadh
11.2021 - Current
- Supported change management by understanding and addressing impacts of new accounting policies, financial statement initiatives and non-standard transactions.
- Managed banking reconciliations and monthly balance sheet statements.
- Managed journal entries, collection efforts and reconciliations.
- Implemented budget and expense controls and financial policies by analyzing income and expenditures.
- Investigated daily variances and corrected errors to resolve discrepancies.
- Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
- Verified discrepancies and resolved clients' billing issues
- Reconciled daily AR ledger and verified proper posting.
- Updated aging reports based on daily audits.
- Processed incoming payments in accordance with established financial policies.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Conducted tax reviews and compilations to identify potential exposure areas and provided suggestions.
- Performed tasks under limited supervision related to income tax compliance such as returns, extensions, forecasts and tax provisions for business sectors and corporate heritage business units.
Senior Financial Analyst
09.2020 - 11.2021
- Provided strategic planning advice and financial oversight for corporate stakeholders.
- Reviewed statistical information to determine financial trends for use in investment planning.
- Collected data and developed detailed spreadsheets to identify trends and create revenue, profitability and expense forecasts.
- Bolstered annual revenue through identification of undeveloped and untapped revenue streams.
- Provided valuable forecasting using cutting-edge technology to reduce costs and increase long-term productivity.
- Developed presentations and reports to inform and educate stakeholders and financial teams on growth possibilities.
- Tackled both annual and quarterly budget management tasks and developed financial models from benchmarking.
- Collected data from other divisions to support quarterly forecasts.
- Reviewed financial reports and streamlined operations to increase productivity and company profits.
- Determined pricing, margins and risk factors for active and proposed projects.
- Developed forecasting tools to analyze revenue variances and capitalize on industry trends.
- Collaborated to develop and maintain targeted profit plans to sustain growth.
Financial Analyst
09.2019 - 09.2020
- Riyadh
- Improved operational efficiency and cultivated cost reduction and increased productivity
- Identified budget variances and recommended corrective actions, avoiding overruns and maintaining positive cash position
- 3 statement financial Modeling (IS, BS, CF)
- Monitored organization's performance against competitors
- Identified and monitored budget expenses for accuracy and signs of fraud
- Analyzed revenues, costs and expenses for operating construction projects
- Identified risks associated with projects, contract approvals and other client accounting issues
- Produced business performance reporting packages
- Reviewed and analyzed project spending throughout project life cycle
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- Improved financial status by analyzing results, monitoring variances and recommending actions
- Reviewed financial reports and streamlined operations to increase productivity and company profits
- Interacted with contractors, subcontractors and suppliers to guide cost analysis process by establishing and enforcing policies and procedures
- Related-party reconciliation and disclosures
- Construct and update periodic reports, statements, and financial analyses
- Coordinate with and provide information to auditors and compliance bodies
- Assist in financial modeling and forecasting
- Prepare and manage monthly reports to submit it to financial management
- Prepare and maintain report templates for more advanced reports, supervise all enhancement and development requests
- Collaborate with senior management and provide update on financial reports, progress and modifications
- Assist department management to manage database and perform quarterly and yearly audits
- Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements.
Financial Analyst
AL HAYA MEDICAL COMPANY LTD
03.2017 - 08.2019
- Create monthly expense reports/ P&Ls and provide variance analysis for management review
- Review monthly expenses to ensure that expenses are booked correctly and work with the accounting team to make any necessary reclassification
- Suppliers statement reconciliations
- Develop annual budgets, quarterly forecasts and enter the numbers into company’s planning system
- Responsible for consolidating financials, headcount reporting, and compensation analysis
- Work on ad-hoc projects/analyzes
- Track financial status by monitoring variances from plan
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- Determine financial status by comparing and analyzing plans and forecasts with actual results
- Improve financial status by analyzing results and variances; identifying trends; recommending actions
- Reconcile sales transactions by comparing and correcting data
- Provide information to management by assembling and summarizing data; preparing reports; making presentations of findings, analyzes, and recommendations
- Researching and analyzing industries, companies, historical financial statements and projecting financial information
- Assisting in the management and execution of due diligence process
Staff Accountant
ALKHALIDAH AGRICULTURAL CO. LTD
Riyadh
05.2013 - 03.2017
- Inter-company (related parties) reconciliation, year-end closing, currency translation adjustments and External audit assistance
- Booking Invoices, accounts payable reconciliations and liability sheet preparation
- Supervise the O&M contract costs and booking costs Including Payment
- Terms
- Payroll related matters, employee’s Advances/Loan account reconciliation
- Handling operational costs, clearance of office petty cash and advance payment clearance
- Set and Maintain Accounting system and Reporting on BaaN (Infor) ERP
- MIS Reporting, and Maintain the Weekly & Monthly Accounts Reports, semiannually & Annual
- Financial Statements preparation, Budgeting & Forecasting.
Education
Accounting And Finance
Association of Chartered Certified Accountants
01.2011 - Current
B.Com - Business/Commerce, General
University of the Punjab
01.2007 - 01.2009
Skills
Month-end reporting
Financial Management
GL entry verification
AP and AR management
Financial statement presentations
Certification
Associate - Institute of Public Accountants (AIPA)
Timeline
Associate - Institute of Public Accountants (AIPA)
03-2022
Deputy Manager
Arabio - Arab Company for Pharmaceutical Products
11.2021 - Current
Senior Financial Analyst
09.2020 - 11.2021
Financial Analyst
09.2019 - 09.2020
Financial Analyst
AL HAYA MEDICAL COMPANY LTD
03.2017 - 08.2019
Staff Accountant
ALKHALIDAH AGRICULTURAL CO. LTD
05.2013 - 03.2017
Accounting And Finance
Association of Chartered Certified Accountants
01.2011 - Current
B.Com - Business/Commerce, General
University of the Punjab
01.2007 - 01.2009