MUHAMMED MALIK
RIYADH,SAUDI ARABIA
Summary
Dedicated and results-oriented senior accountant with over 15 years of experience in financial management, reporting, and analysis. Seeking a challenging role where I can leverage my expertise to contribute to the success and growth of an organization. Professional Summary A seasoned financial professional with a proven track record of managing complex financial operations, ensuring compliance with accounting standards, and driving process improvements. Skilled in financial analysis, budgeting, forecasting, and team leadership. Offers the following expertise: Strong knowledge of Value Added Tax related matters Strong technical accounting skills Excellent research and financial analysis abilities In-depth management reporting Developing and implementing financial systems and controls Budgeting and forecasting Facilitation of internal and external auditing procedures Regulatory compliance Staff management and development In-depth knowledge of accounting regulations and standards
Overview
17
17
years of professional experience
5
5
years of post-secondary education
Work History
Senior Financial Accountant
Araqah Investment Group
Riyadh, Saudi Arabia
07.2020 - Current
- Prepare monthly quarterly and yearly financial statements in compliance with the statutory/regulatory norms
- Developed and implemented efficient accounting processes, reducing month-end closing time
- Preparation of annual budgets and periodic forecasts
- Conduct financial analysis and provide insights into the company's financial performance, budget variances, and trends to support decision-making by management
- Managed annual audits, liaised with external auditors, and successfully resolved audit findings
- Conducted detailed financial analysis to identify cost-saving opportunities, resulting in a 10% reduction in expenses
- Oversaw accounts payable and accounts receivable functions, streamlining invoice processing and improving cash flow management
- Collaborated with cross-functional teams to provide financial insights for decision-making and strategic planning
- Played a key role in implementing new accounting software, leading to enhanced automation and reporting capabilities.
Senior Financial Accountant
Saudi Ericsson Communication Company Ltd
Riyadh
09.2009 - 06.2020
- Prepare and review financial statements, including balance sheets, income statements, and cash flow statements, ensuring accuracy and compliance with accounting principles
- Lead in the month-end and year-end closing processes, including reconciliations, accruals, and journal entries
- Maintain and reconcile the general ledger accounts, ensuring all transactions are recorded correctly and in a timely manner
- Assist in the budgeting and forecasting processes, providing financial data and analysis to support the development of financial plans
- Monitor the income and expenses versus budget, track the variances, and recommend corrective actions to ensure adherence to the budget
- Control of capital expenditure and disposals including calculating monthly depreciation
- Perform month-end, quarter-end, and year-end closing of inventory, Accounts payable, Accounts receivable, Fixed Assets, project accounting, and General Ledger
- Prepare and analyze margin analysis and labor efficiency/recovery analysis reports
- Generate monthly MIS and interpret data to suggest ways of cost optimization and performance improvement
- Collaborate extensively with auditors during preliminary and year-end audit processes
Accountant
Saudi Ericsson Communication Company Ltd
Riyadh
09.2007 - 08.2009
- Manage accounts payable processes, including vendor invoice verification, recording and processing invoices, and coordinating payments
- Oversee petty cash management, including reconciling and replenishing petty cash funds, and maintaining accurate records
- Conduct inventory control activities, such as monitoring stock levels, performing regular audits, and reconciling inventory records
- Prepare and review bank reconciliations to ensure accurate and timely processing of financial transactions
- Collaborate with internal departments to resolve any accounting discrepancies and ensure accurate financial reporting
- Assist in month-end and year-end closing procedures, including preparing financial statements and supporting schedules
- Participate in financial audits and provide necessary documentation and information to auditors
- Stay updated with relevant accounting regulations, standards, and best practices to ensure compliance.
Accountant
Reliance Communications Co. Ltd
05.2006 - 04.2007
- Preparing and giving Daily reports and management-needed information (MIS) to the Head office
- Monitoring Bill Collection (Around 130 Customers per day - Approximate 1.2 million rupees)
- Daily coordinating the banking, A/c and Bank Reconciliation
- Verifying and approving the Customer Application Form
- Stock reconciliation of the store
- Maintaining customer relation
Education
Master's degree - Finance
Bharathiar University
Coimbatore, India 06.2004 - 04.2006
Bachelor of Commerce - Business studies
University of Calicut
Calicut, Indian 06.2000 - 09.2003
Skills
- Financial reporting
- Cashflow forecasting
- Treasury management
- Month-end reporting management
- Sage expertise
- VAT returns
- Balance sheet reconciliations
- Budget administration
- Budget development
Languages
English
Fluent
Malayalam
Native
Arabic
Upper intermediate
Hindi
Intermediate
Hobbies
Playing Sudoku Games.
Reading books
Timeline
Senior Financial Accountant
Araqah Investment Group
07.2020 - Current
Senior Financial Accountant
Saudi Ericsson Communication Company Ltd
09.2009 - 06.2020
Accountant
Saudi Ericsson Communication Company Ltd
09.2007 - 08.2009
Accountant
Reliance Communications Co. Ltd
05.2006 - 04.2007
Master's degree - Finance
Bharathiar University
06.2004 - 04.2006
Bachelor of Commerce - Business studies
University of Calicut
06.2000 - 09.2003
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