Sherif Taha Hassan Salem
Senior Accountant
Riyadh,Saudi Arabia
Summary
With a robust background more than 13 years, as a senior accountant at Cigalah Group, Expertise spans comprehensive financial reporting, Budget management and ensuring accuracy in complex reconciliations.
Recent role has honed skills in creating annual budget reports, Monthly P&L statements and overseeing payable accounts to maintain strict adherence to accounting standards.
Overview
15
15
years of professional experience
6
6
years of post-secondary education
1
1
Certification
Work History
Senior accountant
Cigalah Healthcare Company (Naghi & Sons Group)
Riyadh, Saudi Arabia
01.2023 - 05.2024
- Full responsibility managing closing process and accounting transactions for BS and G/L Ledger Prepare and load Balance Sheet reconciliation.
- Payroll process pay-outs, Accounts Payable and full expenditure cycle.
- Fixed Assets and Inventory accounting and warehouse accounting management.
- Financial and Variance analysis and operating expenses (Opex) accounting management (Management Reporting).
- Create monthly debit note report (sales-bonus – extra-expenses – cash discount – expiry – goods import) report.
- Monthly reconciliation debit note-Payables related account.
- Prepare monthly VAT report (foreigner or domestic purchase ).
- OTL compliance and GPRR accounting and management controls.
- Prepare advance- due payment on time and 100% accuracy.
- Support documentation and update of financial policies and procedures.
- Manage supplier relationships and related cash flow and forecasting activities.
- Bank facilities: Trade Services, facilities and Bank Coordination (L/C and B/G management).
Branch accountant
Cigalah Healthcare Company (Naghi & Sons Group)
Riyadh, Saudi Arabia
03.2014 - 12.2022
- Daily review of AR & TCS ageing identifying risky customers in terms of long overdue amounts.
- Chase overdue invoices by telephone, email & letter within agreed timescales.
- Coordinate and resolve various issues with bank such as cleared check differences, bank fee anomalies, and targeted balance calculations.
- Handle disputed bills and negotiate to bring payment within agreed terms, provide accurate advice on billing queries.
- Respond promptly and completely to both client and internal enquiries.
- Handling more than 50 customers daily, making sales invoices and returns on sales, in addition to returning expired goods in accordance with agreements concluded with them.
- Providing ad-hoc reporting as and when requested, post payments to accounts and allocate as required.
- Undertake account reconciliations as required, Ensure monthly processing deadlines are met as required.
- Send out monthly client statements/letters as may be agreed from time to time.
- Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc.
- Reconciling processed work by verifying entries and comparing system reports to balances.
- Maintaining historical records.
- Paying employees by verifying expense reports and preparing pay checks.
- Preparing analyses of accounts and producing monthly reports.
- Provide cover for other accounting functions as requested.
- Other duties as delegated from time to time by Group Finance Manager or any other person designated in their absence.
Treasury accountant
Cigalah Healthcare Company (Naghi & Sons Group)
Jeddah, Saudi Arabia
06.2013 - 04.2014
- Ensuring that all Accounts Payable-related transactions are performed in compliance with adopted external standards as well as Cigalah’s accounting policies and procedures.
- Reconciling bank statements, paying all expenses, preparing debit and credit vouchers, making payrolls, preparing all journal entries related to petty cash expenses for sub-ledger.
- Implement treasury strategies without compromising company’s operational cash management needs. Identify, execute and monitor initiatives to improve overall functioning of treasury function.
- Managing payments based upon their priorities to ensure availability of cash required to cover them in timely manner. Ensure effectively and timely reporting on treasury-related activities to Treasury Manager.
- Direct and oversee company’s cash position to optimize its liquidity, make decisions on cash pooling and optimizing company’s liquid funds in order to maximize return on short-term surpluses and minimize cost of short-term deficits; direct short term cash investments (ex. money markets, time deposits, etc.)
- Under supervision of Treasury Manager and CFO, evaluate and determine company’s short term and long-term funding needs and report on regular basis; this will include LC and LG requirements, bank facility management, monitoring maturities, repayments, cancellations, etc.
- Maintain relationships with banks and secure long-term and short-term funding for company as needed.
- Act as main custodian of Cigalah's cheque books.
- Direct and validate disbursement of all funds and payments for company, as required and outlined in DoA.
- Manage Cigalah’s cash flow forecasting process, in collaboration with Treasury Manager, by estimating cash inflow & outflow over defined period(s) (covering immediate, short term and long term).
- Performing any other related duties as assigned by direct supervisor.
Tax accountant
Onix for Marble and Granite
Cairo, Egypt
05.2012 - 05.2013
- Prepared and submitted returns to tax agencies to meet regulatory requirements.
- Managed documentation to support tax reporting activities.
- Review tax calculates according to prescribed rates, laws, and regulations by required deadlines.
- Generated financial reports, returns and payment receipts for tax audits.
- Reconciled tax accounts with balance sheets and tracked pending taxes against submitted payments.
- Provide guidance to Accounting and other departments on any required tax adjustments.
- Cooperates with tax advisors in order to optimize tax burdens.
- Provides financial accounting staff with technical tax advice and assistance.
- Liaised with internal and external auditors in auditing tax filings and payments.
- Liaise with tax authorities and negotiates with tax officials at tactical level.
- Knowledge of relevant Accounting standards and principles.
- Pro-actively identify weaknesses in current processes and identify solutions, to ensure that tax processes are in place and deliver correct output.
- Operated accounting software to process claims and refunds with tax authorities.
- Help resolve disputed claims as company's official representative to tax officials.
- Track legislative changes and pro-actively inform HQ tax team and business units regarding any new developments in terms of tax law and tax considerations.
Auditor
Ismail Mohamed Co. Public Accountant
Cairo, Egypt
10.2009 - 04.2012
- Carried out thorough reviews of documents and completed accurate audit reports for many companies in multiple sectors such as pharmaceutical, tourism, contracting and many other sectors.
- Participating in preparing budgets and various tax declaration such as VAT, sales tax, income tax, property taxes and capital gains tax for many companies.
- Perform audit testing procedures as documented in Audit Program and document results.
- Revise audit workpapers as advised by Line Manager.
- Identify and document control & process weaknesses noted during fieldwork phase and provide evidential support for audit findings.
- Identify uncollected revenues through internal audit tests.
- Maintain professional working relationship with audit clients which allows for accomplishing desired goals of IA plan on timely basis.
- Conduct follow-up reviews of audit findings with auditees to verify whether corrective actions were implemented within agreed time frame.
- Organize and reference work papers in accordance with established audit standards.
- Keep abreast of new Auditing techniques and technologies.
- Investigated suspected cases of fraud and theft involving small numbers of transactions or complex systems.
- Assumes responsibility for self-improvement by communicating and seeking resources to meet own learning needs.
- Undertaking special tasks as assigned by Line Manager.
Education
Bachelor of Commerce - Accounting
Cairo University
Cairo 09.2003 - 05.2009
Skills
- Bookkeeping / Data Entry
- Account reconciliation / Payroll processing
- Financial reporting / Financial auditing
- Financial management / Financial planning
- General ledger maintenance / Cash Flow analysis
- Generally Accepted Accounting Principles (GAAP)
- Accounts Payable and Receivable (AP/AR)
- Tax / VAT understanding
- ACCA / IFRS Qualified
- SAP expertise
- Enterprise Resource Planning (ERP)
- Microsoft Office Suite / Excel proficiency / Pivot tables / V-Lookups
Affiliations
- Traveling
- Playing chess
- Fitness and sports
- Reading historical books
- Spending time with my family and friends.
Certification
International Computer Driving Licence (ICDL)
Languages
Arabic
Native
English
Upper intermediate
B2
German
Beginner
A1
Timeline
Senior accountant
Cigalah Healthcare Company (Naghi & Sons Group)
01.2023 - 05.2024
Branch accountant
Cigalah Healthcare Company (Naghi & Sons Group)
03.2014 - 12.2022
Treasury accountant
Cigalah Healthcare Company (Naghi & Sons Group)
06.2013 - 04.2014
Tax accountant
Onix for Marble and Granite
05.2012 - 05.2013
Auditor
Ismail Mohamed Co. Public Accountant
10.2009 - 04.2012
Bachelor of Commerce - Accounting
Cairo University
09.2003 - 05.2009
International Computer Driving Licence (ICDL)
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