KHALED ASHOUR
Jeddah
Summary
Senior Accounting Manager with 26+ years of progressive experience in financial management, statutory reporting, VAT & Zakat compliance, budgeting, and ERP systems within large trading groups in Saudi Arabia. Proven expertise in Oracle Fusion and JDE, leading end-to-end accounting operations, optimizing financial processes, and delivering clean audit results. Strong leader with a track record of building high-performing finance teams and ensuring full compliance with ZATCA regulations.
Overview
26
26
years of professional experience
Work history
Accounting Manager
Al-Ajou Group Trading
Jeddah
2015.04 - 2026.05
- Lead and supervise full accounting cycle including GL, AP, AR, Fixed Assets, and Payroll for large trading group.
- Manage monthly, quarterly, and year-end financial closings, ensuring accuracy and on-time reporting.
- Prepare and control annual budgets and cash flow forecasts, performing variance analysis and cost optimization.
- Review, submit, and manage VAT returns and Zakat filings in full compliance with ZATCA regulations.
- Successfully led external audits, delivering clean audit opinions with zero major observations.
- Oversaw technical warehouse inventories, strengthening stock controls and valuation accuracy.
- Implemented ERP-driven improvements using Oracle Fusion & JDE, enhancing reporting efficiency and data accuracy.
Chief Accountant
Al-Ajou Group Trading
Jeddah
2010.10 - 2015.04
- Prepared Income Statements, Balance Sheets, and Cash Flow Statements for management and auditors.
- Monitored budgets, controlled expenditures, and approved vendor reconciliations.
- Administered daily accounting operations using Oracle Fusion.
- Reviewed payroll processing and ensured accurate employee compensation postings.
Branch Accountant
Al-Ajou Group Trading
Jeddah
2006.04 - 2010.10
- Managed branch accounting operations, petty cash, customer collections, and bank deposits.
- Prepared periodic financial reports for head office and CFO.
- Coordinated supplier reconciliations and ensured accurate sales invoice.
Accounts Receivable Accountant
Al-Ajou Group Trading
Jeddah
2000.04 - 2006.04
- Managed customer billing, statements, and AR reconciliations.
- Generated monthly management reports and resolved discrepancies.
- Supported cash collection and improved receivables aging.
Education
Bachelor's degree - Accounting
Al-Isra University
JordanSkills
- Financial Reporting & Closing
- Budgeting & Forecasting
- VAT & Zakat Compliance (ZATCA)
- Cash Flow Management
- Internal Controls & Risk Management
- Audit Management
- ERP Systems: Oracle Fusion, JDE
- Team Leadership
- GAAP / IFRS Compliance
- Process Improvement
LANGUAGES
Arabic
Native
English
Advanced
Accomplishments
- Led end-to-end financial operations for a multi-branch trading group with annual revenues exceeding SAR 500M.
- Delivered 10+ consecutive years of clean external audit reports with zero major audit observations.
- Reduced month-end closing cycle by ~30%, improving reporting timelines from 10 days to 7 days.
- Achieved 100% on-time VAT & Zakat filings with ZATCA, with zero penalties or compliance issues.
- Improved cash flow by reducing receivables aging by over 20% through enhanced AR controls and follow-ups.
- Implemented ERP process improvements in Oracle Fusion & JDE, reducing manual journal entries by 25% and improving data accuracy.
- Led and developed finance teams of up to 12 staff, improving productivity and reducing accounting errors by 15%.
- Strengthened internal controls and inventory governance, supporting accurate stock valuation and loss prevention.
Timeline
Accounting Manager
Al-Ajou Group Trading
2015.04 - 2026.05
Chief Accountant
Al-Ajou Group Trading
2010.10 - 2015.04
Branch Accountant
Al-Ajou Group Trading
2006.04 - 2010.10
Accounts Receivable Accountant
Al-Ajou Group Trading
2000.04 - 2006.04
Bachelor's degree - Accounting
Al-Isra University