Saifullah
Accountant
SAUDI ARABIA
Summary of Career
1. Ensuring full compliance of accounts with IFRS , policies and prevailing local laws.
2. Monthly accounts closing and sharing Financial statements with management.
3. Accounts Payable management and ensuring that sufficient funds are available for operational and other expenses.
4. Ensure that sufficient inventory is available for production activity.
5. Account reveivable management and push sales department for timely recovery of receivables.
6. Sharing of budget sheets to diffrent departments for there annual budget requirements and consolidating all departments budgets.
7. Ensure that sales tax & Income tax returns and statement are properly submitted within due date.
8. Review of monthly bank reconcilliations and enquire for long uncleared or unpresented cheques.
9. Making reconcilliations of ledgers on every month end.
10. Assisitng external audit in annual audit.
Experience as Senior Costing Officer
13 October 2019
22 May 2020
1. Calculating cost of goods sold of products & sharing it with management for price determination.
2. To calculate Applied overhead through allocation of expenses to different products & using cost cost drivers on semiannually basis.
3. Create database for all information related to costing. Master data of item codes which includes details related to cost, category and other specifications.
4. Based on DNs received, perform costing procedure for Cost of Goods Sold reporting.
5. Secure hard copies for production reports completed. Batch Manufacturing Report (BMR) and Batch Packaging Report (BPR) from the Quality Assurance Department (QA).
6. Scrutinize completeness of reports received.
7. Any other task as assigned by management.
Experience as Assistant Account Manager
12 March 2018
10 October 2019
1. Ensuring full compliance of accounts with IFRS , policies and prevailing local laws.
2. Monthly accounts closing and sharing Financial statements with management.
3. Accounts Payable management and ensuring that sufficient funds are available for operational and other expenses.
4. Ensure that sufficient inventory is available for production activity.
5. Account reveivable management and push sales department for timely recovery of receivables.
6. Sharing of budget sheets to diffrent departments for there annual budget requirements and consolidating all departments budgets.
7. Ensure that sales tax & Income tax returns and statement are properly submitted within due date.
8. Review of monthly bank reconcilliations and enquire for long uncleared or unpresented cheques.
9. Making reconcilliations of ledgers on every month end.
10. Assisitng external audit in annual audit.
Experience as Account Manager
28 October 2015
31 August 2017
1. Daily revenue management to ensure that it is properly recognized in respective heads under IAS 18.
2. Ensuring full compliance of accounts with policies & procedures issued by management.
3. Monthly profit & Loss and statement of financial position preparation as per IFRS & Companies Act.
4. Monthly accounts closing & sharing monthly financial package with management. Monthly review of Financial statements and make ratio analysis.
5. Annual budget preparation and submission to Director Finance for review and final submission.
6. Monthly review of budgeted figures to ensure that actual results meet the budgeted amounts.
7. Annual Capex budget preparation and submission to Director Finance for review and final submission.
8. Verify payments as per PO terms and conditions and fund availability.
9. To push purchase for procurement of Food & Beverages, General and Engineering items to meet operational needs and upcoming events.
10. Weekly meeting for recovery status of receivables and push credit department to follow up old receivables more strictly.
11. Monthly current accounts sharing and settlements (quarterly basis) with related parties.
12. Monthly management report preparation, review and sharing with management. To review monthly payroll disbursements as per company policy and HR payroll sheets.
13. Transfer extra fund to Head Office so that it could be utilized for reducing markup on different facilities.
14. Review of monthly Income tax WH statement preparation & uploading on IRIS u/s 165.
15. Review of monthly sales tax return preparation and sharing it with tax consultant for final submission.
16. Supervising annual External Audit and semiannually internal audit. Raising, booking & maintaining of CER (capital expenditure request).
17. To reconcile credit card transactions with MIS reports issued by bank on daily basis.
Experience as Finance Generalist Costing & Budgeting
05 June 2013
01 October 2015
1. Preparation of Bank payment voucher & cash payment voucher.
2. Making payment to suppliers in accordance with company policy & fund requirement.
3. Responsible for preparation of monthly withholding statement and sales tax return.
4. Preparation of Financial Models, Business development Plans, Strategic Reporting.
5. Preparation of break-even analysis product wise and total.
6. Preparation of inventory cost sheets and most EOQ for each inventory item Budgeting its reallocation, variance
analysis and cash flows.
7. Preparation of inventory management reports for finished goods and raw materials.
8. Preparation of daily monthly and half yearly cost analysis reports.
9. Preparation of Per Unit Cost report.
10. Preparation of monthly business report customer wise & product wise.
11. Preparation of cost of goods sold statement product wise and total.
12. Preparation of finance cost reports bank wise and finance facility wise.
13. Preparation of annual and monthly budgets comparing with actual results.
14. Ensure timely payment of all withholding taxes to FBR.
15. Prepare output tax and input tax; on taxable supplies made.
16. Issue debit and credit note for return or cancellation of supply.
Master 19 July 2012
Cost & Management Accountant From ICMAP Pakistan.Other 09 July 2015
CIMA (UK) Advance Diploma Holder