Ashraf Atta MBA

Experience

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  Madar Company (Member of AL Fozan Group - KSA)

  Jan 2010 - Oct 2012

  General Accountant

  January 2010 Up to October 2012.• Compliance and protection of the Company financial policies.• Handling receivables, payables accounts in terms of collection, payments, reports and monthly reconciliations.• Handling I/Co. transactions recording and monthly reconciliations.• Prepare allocation of cost and expenses to appropriate accounts on a regular basis.• Reviewing daily cash sales and comparing it with daily collections.• Support all business functions by providing timely information relating to financial transactions.• Provide expense and cost analysis for management reporting purposes.• Preparing accruals and prepayments on monthly basis.• Current accounts reconciliation on monthly basis.• Provide Analysis of all General ledger accounts and ensure all relevant accounts reconciliations of Balance sheet and P&L are done on a monthly basis. Also provide financial analysis of the management reports on a regular basis. • Ability to manage priorities and goals of the area, keeping in mind the business objectives.• Examinations of Accounting transactions, and ability to discover fraud. Show less

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  Afia International Group -Sudan(Savola Edible oil company)

  Nov 2012 - Apr 2013

  Senior Accountant

  Savola Edible oil-Sudan (Member of Savola Group - KSA) November 2012 Up to Date.• Prepared landed cost for imported raw material• Monthly banks reconciliations.• Pass & update daily cash vouchers &banks vouchers (Foreign Supplier) in SCALA.• Update purchase ledger for foreign suppliers• Monthly foreign Suppliers Accounts Confirmation • Prepared bank letters for imported raw materials as well as custom director & clearance agent.• Following up import and export procedures with Banks.• Team leader of stock taking committees. Show less

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  GLB invest S.A.L OFFSHORE

  May 2013 - Sept 2016

  Senior Accountant

  May 2013 Up to Date (Senior Accountant)• Apply acceptable accounting principles consistently to account for all transactions conducted by the company. Perform accounting functions as assigned including, but not limited to:• Compliance and protection of the Company financial policies.• Provide expense and cost analysis for management reporting purposes.• Provide Analysis of all General ledger accounts and ensure all relevant accounts reconciliations of Balance sheet and P&L are done on a monthly basis. Also provide financial analysis of the management reports on a regular basis.• Check up all financial books of account on a regular basis e.g. ledgers, cash book, petty cash books, Accounts receivables ledger, inventory records, fixed assets, suppliers, sales, purchases, expenses, payroll… etc.• Prepare and post journal entries and reconciliations for monthly general ledger close.• Reconcile general ledger accounts with subsidiary ledgers on a monthly basis.• Liaise with other accountants for proper maintenance of an integrated accounting system.• Preparation of monthly trial balance.• Ensure proper filing of all documents held by the accounting department.• Banking activities like setting up new accounts, adding new signatures, bank reconciling items, banking fees, coordinate and resolve various issues with bank such as cleared check differences, export and import procedures and Murabaha .• Reconcile and monitor cash funds (i.e. petty cash fund, payroll fund, etc.).• Maintaining customers’ accounts, review sales invoices and cash receipts from customers.• Participate in the physical inventory counts, to ensure the proper application of their procedures and controls.• Fixed assets processing and reporting.• Review suppliers’ accounts, purchases invoices and inventory receiving vouchers, payments to suppliers and reconciling statements from suppliers.• Review contracts, orders, and payment vouchers and prepare report to substantiate individual transacti Show less

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  First Saudi Services Company Ltd

  Oct 2016 - Oct 2017

  Finance Manager

  Oct 2016 to Oct.2017 (Finance Manager) • providing and interpreting financial information;• monitoring and interpreting cash flows and predicting future trends;• analyzing change and advising accordingly;• formulating strategic and long-term business plans;• researching and reporting on factors influencing business performance;• analyzing competitors and market trends;• developing financial management mechanisms that minimize financial risk;• Conducting reviews and evaluations for cost-reduction opportunities.• managing a company's financial accounting, monitoring and reporting systems;• Liaising with auditors to ensure annual monitoring is carried out.• External relationships with appropriate contacts, e.g. auditors, solicitors, bankers.• producing accurate financial reports to specific deadlines;• managing budgets;• arranging new sources of finance for a company's debt facilities;• Supervising staff; decision making and problem solving.• Keeping abreast of changes in financial regulations and legislation Show less

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  First National Recruitment company

  Nov 2017 - Jun 2020

  Administrative and Finance Manager

  The duties & responsibilities as finance manager carried as follow:1. Preparation of quarterly reports of P&L and B/S .2. Preparing monthly analysis of cost of all clients’ contracts.3. Establish financial procedure by developing & implementing systems as required.4. Maintain accounting control by establishing a chart of account followed by modifying for any additional & new account as required to be added.5. Checking monthly billing to clients & to be sure they are compliance with the signed contract with the clients.6. Checking of all daily journal entries and reconcile with general ledger control accounts.7. Revising of daily bank reconciliation for all bank accounts 8. Review the accounting system (SAP) the existing program on daily basis and discuss the disadvantage of the program and advise for either developing or modify.9. Following up with External auditors to ensure annual auditing is carried out smoothly.10. developing financial management mechanisms that minimize financial risk;11. formulating strategic and long-term business plans;12. External relationships with appropriate contacts, e.g. auditors, bankers.13. managing budgets;14. Responsible for all administration work and running of all departments,Business Relationship Management,Financial Strategy,Financial Planning ,Working Capital Management,Financial Operations,Strategic Thinking, Teamwork, Budget Monitoring , Operational Excellence, Budgeting & forecasting,communication,Corporate Governance,Real Estate,cost management,Reporting and Analysis,procurement,Legislative Relations,Onboarding,Microsoft PowerPoint,Microsoft Outlook,external audit,payroll processing Daily Operations,Training,Data Analysis,Risk management,SAP system,financial performance,business reporting,Capital structure,auditing, & Forecast,finance,Auditing,teamwork ,analytical skills, Show less

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  FNRCO

  Jul 2020 - Dec 2023

  Finance Manager

  • Revision of financial statements• Manage the company cash follow and spending• Mange the existing staff of finance and give them the clear guidance• Facilitate and Follow the monthly close procedures.• Check the policies and procedures for finance department• Generate monthly financial reports to top management• Preparation and supervision of budget & Forecast and with other departments in the company • Manage the annual audit process with external auditors• Manage the preparing of Zakat and corporate reporting requirements.• Prepare monthly VAT report and communicate with relation manger.• Maintain Chart of Accounts for expense-related accounts.• Maintain coding documentation outlining types of charges and vendors coded to each account fordistribution to Associates.• Oversee capital budget. Track spending, analyze and report on differences between expected spendingand actual.• Manage and monitor expense data tracked in Enterprise Resource Planning Software.• Maintain and guide the staff to calculate labors provisions of Terminal Benefits, Leave Salary & AirTickets• Maintain the prepaid expenses of, Rent, Medical Insurance, Iqama, Labor Office and Visa for labors.• Manage the Aging Receivables, Payable and monitor and review expenses to ensure expenditure are in control and comply with company Policy.• Manage the Fixed Assets recording and depreciation sheet.• Manage the process of Reconciling balance sheet items, support the team in preparation of Audit Processand internal financing control.• Performs other duties required by top management. Show less

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  Qusah Stores Company for industry

  Jan 2024 - now

  Finance Manager

  • Develop and implement financial strategies, policies, and procedures to support the factory and online stores' objectives.• Conduct financial analysis, forecasts, and projections to support decision-making and identify areas for improvement.• Monitor financial performance, identify trends, and provide recommendations to optimize profitability and efficiency.• Lead the annual budgeting process for the factory and online stores, collaborating with relevant departments to develop accurate and achievable financial plans.• Monitor budget performance, analyze variances, and provide regular reports to management.• Assess financial implications of new initiatives, expansions, or acquisitions and provide financial models and projections.• Prepare and present accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.• Ensure compliance with accounting standards, tax regulations, and other financial legal requirements.• Collaborate with internal and external auditors to facilitate audits and ensure adherence to audit recommendations.• Manage cash flow, including cash flow forecasting, monitoring working capital, and optimizing liquidity.• Implement effective cash management strategies, including receivables and payables management, to ensure adequate cash availability.• Identify and assess financial risks, such as credit risk, market risk, and operational risk.• Develop and implement risk mitigation strategies and internal controls to minimize exposure to financial risks.• Stay updated with industry trends, regulations, and best practices in financial risk management.• Supervise and guide a team of finance professionals, providing support, coaching, and performance evaluations.• Foster a culture of collaboration, continuous learning, and professional growth within the finance team• Managing the external audit requirements and Zakat & tax return on timely manner. Show less