Reda Mohammad Basyoni
Riyadh,Riyadh Region
Summary
To be a part of a highly professional team, to seek greater challenges and more responsibilities in an a well reputed company, to apply my knowledge attained from previous work experience and implement it.
Overview
15
15
years of professional experience
5
5
years of post-secondary education
1
1
Certification
Work history
Accounting Manager
Aani & Dani Company
Riyadh, Saudi Ariba
05.2022 - Current
- Management of the finance function and overseeing the finance team (team of 10 accountants, Material Control Department and Inventory).
- Tracked expenses and inventory purchases against budget guidelines to maintain financial controls.
- Maintain the General Ledger in up-to-date status and ensure all transactions flowing from various modules (A/P, A/R, Assets, Cash Management, OPM, ODM, and Payroll) are reflected in corresponding GL accounts.
- Prepare monthly management reports and ensure timely submission.
- Reviewed work of accounting team meticulously to maintain consistent standards.
- Maintained cash flow by monitoring bank balances and cash requirements.
- Identifying the financial status by comparing and analyzing actual results with Budget and forecast.
- Preparing Sales analysis, Margin and Reports.
- Preparing Stock & Inventory analysis Reports.
- Develop and implement internal financial controls for integration of closing process and financial activities of company.
- Prepare & act upon the weekly, monthly, quarterly & yearly cash flow forecasts
- Assist in development of internal control procedures and documentation for the company.
- Manage VAT reporting and compliance.
- Leading the annual budget process and working closely with other departments.
- Developing external relationships with appropriate contacts, e.g. auditors, bankers.
- Ensure customers credit terms are adhered to & overdue payments urgently addressed
- Reconciled accounts and resolved both internal variances and discrepancies in external documentation.
Chief Accountant
Almehbaj Food (FMCG) (Al Muhaidib Group)
Riyadh, Saudi Arabia
07.2010 - 04.2022
- Perform financial analysis and reporting to management as needed.
- Perform month-end accounting activities such as reconciliations and journal entries.
- Coordinate with finance team to complete assigned accounting tasks within deadlines.
- Evaluate computerized accounting systems and provide recommendations to IT team for performance improvements.
- Generate financial reports and statements to Managers for review.
- Analyze financial discrepancies and recommend effective resolutions.
- Monitor expenditures, analyze revenues and determine budget variances and report the same to management.
- Respond to accounting inquiries from management in a timely fashion.
- Provide guidance to other Accountants when needed.
- Assist in budget preparation and expense management activities for assigned accounts.
- Assist in auditing activities by providing necessary information and preparing requested documentations.
- Monitor and record financial transactions according to company policies and regulations.
- Review and recommend changes to existing accounting procedures.
- Prepare monthly and quarterly financial reports, following international standers, budget vs. actual reports.
- Coordinate with auditors in preparation of year-end audit.
- Management of the finance function and overseeing the finance team (team of 14 accountants).
Senior Accountant
Almehbaj Food (FMCG) (Al Muhaidib Group)
Riyadh, Saudi Arabia
07.2010 - 03.2021
- Full responsibility for cash management, fund, custody and expenses (Treasury Accountant)
- Banks, bank reconciliations, letter of credit, loans accounts and deal with account managing in banks directly, maintain Banking Relationship, Arrange for equity and debt financing
- Customer accounts, sales and communications with customers
- Fixed asset accounts and prepare monthly depreciation
- Vendor accounts, purchases and account payable
- Financial follow up and communicate with foreign suppliers
- Financial lease accounts prepaid and accrued expenses
- Analyze and reconcile general ledger, subsidiary accounts
- Perfect knowledge Inventory and management procurement cycle
- Inventory controlling and follow up all transactions relate to inventory and sales
- Full knowledge of VAT, monthly report preparation and report uploading the report to ZATCA
- Review all input and output documents and registration on the system
- Train team members within the context of junior accountant development plans
- Month-end accounting activities such as reconciliations and journal entries
- Analyze financial discrepancies and recommend effective resolutions
- Monitor expenditures, analyze revenues and determine budget variances and report the same to management
- Respond to accounting inquiries from management in a timely fashion
- Monitor and record financial transactions according to company policies and regulations.
Accountant
Arab Computers Company
Riyadh, Saudi Arabia
02.2010 - 07.2010
- Journalizing (Receipts - payments - and settlements) .
- Receive purchases invoices.
- Issuing sales invoices.
- Follow up inventory transactions.
- Follow up receive the external purchases from foreign suppliers and tracking internal sales to customer.
- Monthly inventory counting and Creating Daily reports.
- Maintained integrity of general ledger, including chart of accounts.
- Updated journal entries and accounts on accrual basis with the System.
Authorized, Accountant
Arab Computers Co Ltd
02.2010 - 07.2010
- Journalizing (Receipts - payments - and settlements)
- Receive purchases invoices
- Issuing sales invoices
- Follow up inventory transactions
- Follow up receive the external purchases from foreign suppliers and tracking internal sales to customer
- Monthly inventory counting and Creating Daily reports
Accountant
Mohammed Hussein Abdul Latif
01.2009 - 01.2010
- Journalizing book
- Review sub-accounts in terms of inputs and outputs
- Recording final accounts and trial balances using Excel
- Participate in budget preparation, financial accounts and cash flows.
Education
Bachelor’s - Accounting
Al Azhar University
Cairo, Egypt 09.2005 - 05.2009
Diploma - CMA (Study CMA Part 1)
Financial trading center
Riyadh, Saudi Arabia 10.2021 - 04.2022
Chief Accountant course
Accreditation Experts Center
Riyadh, Saudi Arabia 06.2014 - 07.2014
Manual accounting
Accountants Trading Academy
Cairo, Egypt 11.2009 - 01.2010
Computerized accounting
Accountants trading Academy
Cairo, Egypt 11.2009 - 01.2010
Skills
- Time management skills
- Ability to work under pressure to meet objectives and deadlines
- Excellent analytical and problem-solving skills, with team player manners
- Converting my ERP skills to find and solve all the financial problems
- Financial analysis
- Financial statement presentations
- Budget projections
- Quarterly reviews
- Accountancy Manager
- Accounting solutions integration
Languages
English
Upper intermediate
Arabic
Native
Certification
- CMA - Certified Management Accountant (Under study).
- Training attendance Certificate (Microsoft D365).
Accomplishments
- Re-implementation ERP system Microsoft dynamic 365.
- Building new financial reports.
- Closing month at the specified time, no later than the 5th day of the following month.
- Re-build the finance team.
- Improve cash flow.
- Increase Gross margin 2% more than Budget.
- Develop organization charts for all departments and Reduce headcounts by 10%-15%.
- Increased team efficiency through continuous process improvements.
- Eliminated paperwork processing bottleneck, saving company time and money.
Affiliations
- Institute of management accountants
Timeline
Accounting Manager
Aani & Dani Company
05.2022 - Current
Diploma - CMA (Study CMA Part 1)
Financial trading center
10.2021 - 04.2022
Chief Accountant course
Accreditation Experts Center
06.2014 - 07.2014
Chief Accountant
Almehbaj Food (FMCG) (Al Muhaidib Group)
07.2010 - 04.2022
Senior Accountant
Almehbaj Food (FMCG) (Al Muhaidib Group)
07.2010 - 03.2021
Accountant
Arab Computers Company
02.2010 - 07.2010
Authorized, Accountant
Arab Computers Co Ltd
02.2010 - 07.2010
Manual accounting
Accountants Trading Academy
11.2009 - 01.2010
Computerized accounting
Accountants trading Academy
11.2009 - 01.2010
Accountant
Mohammed Hussein Abdul Latif
01.2009 - 01.2010
Bachelor’s - Accounting
Al Azhar University
09.2005 - 05.2009
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