Tariq Morgan

Experience

• 

  Vodafone Egypt

  Feb 2010 - Sept 2010

  Customer Service Representative

  New Zealand Customer service representative

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  General Motors Middle East

  Sept 2010 - Oct 2013

  Here, I managed the entire Accounts Payable cycle and daily expense transactions to provide accurate and timely processing and maintain financial health. I have assisted in tax audits preparation, ensuring all documentation and processes were in place for smooth and compliant auditing, reducing the risk of penalties. I have evaluated accounting and tax information meticulously to guarantee adherence to all tax regulations for safeguarding the organisation against financial and legal repercussions.Following are some of my key achievements:• Conducted Accounts Payable reconciliations efficiently, verifying invoices and requisitions for goods and services to prevent discrepancies and promote fiscal accuracy.• Prepared and filed various taxes including Sales Tax, Salary Tax, Withholding Tax, Stamp Tax, State Development, and Deferred Tax, ensuring compliance and optimal financial strategy. Show less Processed monthly payments to Local Suppliers Posting Entries Making the necessary Adjusting Entries if needed Prepared adequate documentation attached to each invoice Paying the associated amounts on the system ( GM Books ) Thoroughly followed up all the payments until received back from the Bank in case of Electronic or normal Bank TransfersBooked Accruals- Monthly Closing ( Representing GME’S obligations ):Booked Accruals for received materialsPrepared the associated Jv’s & posted them as wellMonthly Analysis: ( Account Reconciliation )Prepared Monthly Accrual, Warranty, Withholding Tax, Added Tax, Stamp Tax analysisPrinted & revised the Detailed General Ledger / Trial Balance to check for any imbalances or amounts against the accounts natureMade the necessary adjusting entries in case of variancesPrepared Accrual, Warranty, Withholding Tax Desk ProceduresHandled all related documentations and directly communicated any imbalances with my supervisor / manager.Made monthly presentations in front of Treasurer, Controller, CFOIn charge of Withholding Tax Quarterly Payments:Deducted Withholding Taxes, depending on which tax layer each supplier falls on, and paid it to the tax authoritiesCompared withholding tax General Ledger VS. Actual payments for re-assurance and an accurate payment. Printed the associated amounts on the special Tax Form paperMade the usual make payment procedures and issued it by a cheque to the tax authoritiesHandled Medical Payments: Paid invoices received from hospitals after checking &making a thrall revision of their rendered servicesChecked for irregularities & Adjusted imbalances in the bank reconciliationHandled Warranty Payments made to Al MansourCo.Paid Price Differences to GM’S Local SuppliersPaid & Settled Advances made by GMHandled Tooling PaymentsPrepared Semi-annual & Annual confirmations with all local suppliersKnowledgeable Experience of writing cheques. Show less

  • Tax Analyst

    Sept 2010 - Oct 2013

  • Payables Accountant

    Sept 2010 - Oct 2013
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  Shantal Corner Co.

  Jul 2012 - Oct 2013

  Accountant- Part Time

  * Prepare and execute L/C’s* Supervising closing activities & account reconciliations.* Prepare management reports for the Head Office in Kuwait.* Preparing Audited Financial Statement for Year End with auditors.

• 

  Green Wing Co.

  Nov 2013 - Sept 2014

  Payable & Fixed Asset Accountant

  In this role, I streamlined financial operations by managing the full cycle of Accounts Payable and Purchase Order verifications, enhancing efficiency and accuracy. I have led fixed assets for all subsidiaries and intercompany balances, ensuring precise asset management and financial consistency across the organisation. I facilitated audit compliance and efficiency by preparing detailed audit schedules related to fixed assets and providing comprehensive support during auditor inquiries.Following are some of my key achievements:• Negotiated favourable payment terms with suppliers and additional rebate.• Established FA System and created Informative Dashboards. Show less

• 

  ABYAT

  Sept 2014 - Jun 2019

  Here, I optimized operational and capital expenditures by controlling Opex and Capex and conducting detailed variance analysis. Ensured liquidity and financial stability by forecasting cash flows. I streamlined inventory management and logistics efficiency by overseeing warehouse systems, reducing costs, and improving service levels. I strengthened financial integrity and accuracy through diligent preparation of balance sheet reconciliations. I efficiently managed intercompany and affiliate transactions. Devised profitability and informed pricing strategies by evaluating gross margin and profitability on a weekly basis. I have enhanced financial transparency and strategic decision-making by expertly preparing and examining financial statements.Following are some of my key achievements:• Enhanced financial reporting and operational efficiency by managing the chart of accounts, profit, and cost centers, facilitating precise financial analysis and control.• Pioneered the development and implementation of a comprehensive Property, Plant, and Equipment (PP&E) Chart in SAP, meticulously crafting a Fixed Asset Framework from the ground up, inclusive of robust policies and procedures.• Spearheaded the successful FA Tags Project across all showrooms in Kuwait and Saudi Arabia (Dammam, Riyadh, Jeddah), establishing a solid foundation for asset management and accountability.• Conducted in-depth feasibility studies for logistics operations, strategically recommending racking systems and their ancillary equipment.• Led the meticulous preparation and supervision of an ambitious 5-Year business plan for the company, featuring detailed breakdowns and precise assumptions. Show less •Supervising all financial roles & day-to-day operations.•Preparation of Financial Statements ( P&L, Financial Position & Cash flows )•Preparation of Consolidated Financial Statements•Ensure Booking of Accounts are maintained as per department's SOPs and in line with IFRS.•Ensure that the General Ledger is maintained to reflect the true financial position of the Company.•Prepare budget variance analysis in the monthly financial reports•Preparation & Compilation of weekly Gross Margin and Profitability Expectation reports.•Handling monthly closing transactions, accrual entries •Verifying & Passing Inter-company & Affiliate transactions.•Responsible for monthly reconciliation of related party balances.•Analyzing operating Expenses on a monthly basis to ensure the right allocation & postings.•Reconciling Accruals & Provision Accounts.•Verify and post production cost entries, review monthly Accounts and Cost Center Reports submitted by Stores Accountants and direct for action as required.•Managing & controlling the Chart of Accounts, Profit & Cost Centers & Forex updates.•Ensuring the integrity of the data held within the finance systems and the security of the related data entry processes•Assuring that the Balance Sheet & Income statement Accounts are accurate, free of material miss-statements and are in compliance with Kuwait Statutory requirements•Develop & maintain internal control, effective accounting system & ensure that the right policies & procedures are in place.•Undertaking, Review and provide timely response to Internal Audit queries and observations•Coordinate with financial auditors for timely completion of audit.•Analyzing Expenses on a monthly basis to ensure the right allocation & postings.•Handling Inter-company & Affiliate transactions.•Managing & controlling the Chart of Accounts, Profit & Cost Centers.•Ensuring the integrity of the data held within the finance systems and the security of the related data entry processes Show less • Create and monitor a system of controls, procedures, and forms for recording fixed assets.• Handling Fixed Assets for All affiliates & Inter-company balances.• Recommend to management any updates to accounting policies related to fixed assets.• Assign tag numbers to fixed assets.• Record fixed asset acquisitions and dispositions in the accounting system. ( For Affiliates Also )• Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.• Calculate depreciation for all fixed assets.• Review and update the detailed schedule of fixed assets and accumulated depreciation.• Calculate asset retirement obligations for those fixed assets needed.• Conduct periodic physical inventory counts of fixed assets.• Recommend to management whether fixed assets should be disposed of.• Conduct analyses related to fixed assets as requested by management.• Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.• Represent the company during any audits by a government that involves fixed assets.• Track company expenditures for fixed assets in comparison to the capital budget and management authorizations. Show less

  • Financial Controller

    Jun 2017 - Jun 2019

  • Senior GL Accountant

    Jan 2016 - Jun 2017

  • Fixed Asset Accountant

    Sept 2014 - Dec 2015
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  B. Online KW

  Jul 2019 - Jul 2022

  Group Finance Manager

  Here, I drove organizational financial health and strategic planning by leading annual budget and financial forecast preparation. I have ensured operational stability and liquidity through strategic cash flow forecasting and cash flow management. I influenced key strategic decisions by providing insightful financial advice and analysis to executive management. I anticipated market and financial trends for enabling proactive adjustment of strategies to mitigate risks. I have optimised financial performance by examining costs, pricing, sales results, and actual performance against business plans. Strengthened finance department operations and alignment with organisational goals by overseeing operations, setting clear objectives, and designing an effective operational framework. I have supported strategic decision-making and investment planning by preparing detailed feasibility studies as requested by top management. I have drove finance department performance and accountability by setting and evaluating key performance indicators (KPIs).Following are some of my key achievements:• Increased reporting accuracy and financial oversight by expertly preparing financial statements and consolidations.• Minimised financial risks and safeguarded assets by developing and implementing inclusive risk management strategies.• Decreased financial reporting risks and ensured data integrity by implementing internal controls measures to spreadsheets.• Improved competitive positioning and market understanding through in-depth research into pricing, competitors, and performance-affecting factors.• Boosted profitability and efficiency by conducting thorough reviews and evaluations for cost reduction opportunities. Show less

• 

  Tamdeen Group

  Jul 2022 - now

  Finance Manager

  In this current role, I drive strategic planning and financial health through leading the annual budget and financial forecast preparation. I ensure operational liquidity and financial stability by mastering cash flow management. I influence key decision-making and strategic direction by providing pivotal financial insights and advice to executive management. I facilitate precise financial tracking and accountability by delivering detailed event settlement reports and cost sheets. I enable proactive strategy adjustments and opportunity maximisation by forecasting future financial trends. Moreover, I optimize financial performance and growth through conducting thorough analysis of costs, pricing, and sales results versus business plans. Drive performance excellence and accountability by establishing and evaluating finance department KPIs. I reinforce stakeholder confidence by spearheading the year-end audit process, ensuring compliance and financial integrity.Following are some of my key achievements:• Enhanced transparency and accuracy in financial reporting by championing preparation of comprehensive financial statements.• Increased operational efficiency and profitability by identifying and implementing cost reduction opportunities through meticulous reviews and evaluations.• Established ambitious goals and objectives while designing an effective framework for achievement by overseeing the finance department operations.• Maximised event profitability and financial efficiency through orchestrating the preparation of event budgets.• Reduced reporting risk errors by implementing robust internal control measures on spreadsheets. Show less