EMADDIN A ADEL MOHAMMED
E-Mail: emaddddin@gmail.com
Tel: +966500782720
Date of birth : 1973
Nationality : Jordanian
Location: Jeddah – KSA
? Working Field: Finance & Accounting.
QUALIFICATIONS / EDUCATION:
• Certified Management Accountant (CMA) Institute of certified accountants USA (11/2010).
• Bachelor in Accounting-Major & Business Administration (Dec-1993) From University Of Jordan. With a score of very good.
Experience Fields: Financial experience in automotive, trading, FMCG, manufacturing, and service activities.
Companies worked in:, Abdullatif Jamil Co (TOYOTA) , Isam Khairi Kabbani Group of Companies, and AL Fozan.
• Responsibilities:
• Worked in Budgeting for vehicle sales, vehicle service activities including calculating predicted revenues, calculating its cost of sales and direct material cost, direct/indirect manpower cost, other direct/indirect expenses, administrative expenses…..
• Experience in cash Management to keep on liquidity by managing the monthly payments, controlling the collections, working on plans for other cash outflow: assets, contractors. LC……,
• Defining cost per one labor hour in manufacturing activity by details to compare with standard cost. Concentrating on non-added value and avoidable cost and actual cost passed the estimated and investigate/negotiate/discuss the reason of this variance-especially if we pass the limit & must reduce the cost.
• Preparing analyses file of trial balance accounts to make follow up monthly on prepayments, claims, accounts receivables, provisions, end of service, fixed assets movements………
• Issuing sensitivity analyses of expected cost/expenses and net profit for each proposal sales volume.
• Prepaid additional analytical reports for evaluating performance: (profit by one unit of product, or by one direct man-hour), report for non-added value of expenses, deep analyses of one man hour over-head cost, additional proposal cost analyses/evaluation for new project comparing it with its expected revenues.
• Support Top management in Developing business unit's annual business plan and targets in line with organization’s corporate strategy.
• Also worked in financial analyses of multi-branched company to compare financial results between centers in one sheet and preparing consolidated income statement, cash flow and balance sheet.
• Complete/review results versus objectives, highlight underlying reason for variances and suggest corrective actions wherever required.
• Preparing reports which help marketing staff like: product profit, line profit, Profit value changing Vs Price………
• Produce financial statements and reports in line with Accounting policy and IFRS requirements.
• Ability to improve company policy depending on my previous experience in Toyota Co (ALJ).
• Prepare monthly financial analysis including inventory turnover, days sales outstanding (evaluating customers liquidity), days payable outstanding …... also building feasibility study for decision making (new investment-disinvestment-reallocation current investment), in addition for that: making advice for the managements in how to improve those results to achieve better ratios (KPI).
• Low experience in Strategic Financial Management in Debt Restructuring., LC import, internal, evaluate to investment in other companies or in securities.
• Main and special achievements:
• Adjusted the accounting purchasing system to make efficient control on quantity, cost of each item to be matched by the supplier invoice & with last cost, and not to be adjusted except from finance.
• Submitted consulting for commercial department to adjust their policy in pricing the special orders to allocate only the proper related cost, the result: more orders gained from customers.
• Designed on ERP an analytical report which issued a cash-flow statement foe each Day or month.
• Improved ERP system by issuing deficiency report of variance between goods delivered Vs invoiced.
• Improved accounting system to control on payroll register & payroll payment before bank transfer to staff.
Experience:
Currently: Accounts manager assistance: in Advance efforts – Riyadh from: Nov12 Advance efforts is working on IT security service.
The main task performed there:
-Pricing quotation on service to be provided to customers, this pricing according cost of direct hours plus mark-up. --Defining cost per hour according to total normal hours expected to be sold per a year, then -Assigning all employees cost (salaries, office cost, and other indirect cost. -Preparing monthly cash-outflow plan to match expected cash-inflow considering priorities of payments and trying to minimize bank loan as much possible.
-Modified the accounting system to issue cash flow systematically. Also to calculate average collection period for each credit customer.
- Working in avoiding bad debits thru deep analyses of customer aging over months, customer’s sales vs collection, average collection period per customer, keeping official credit customer folder and documentary guarantees, getting advice from legal dep. Keep in meeting with customers periodically to get any useful information.
-Working with zakat authority to accomplish their requirements and arrange to reduce its cost as possible.
-Controlling VAT accounts, calculation, payments, having enough knowledge in its low.
-Communicating with bank to arrange Islamic loans, re-schedule of instalments for earlier settlements, or to find additional types of facilities like deferred LC settlements or liquidation of future collectable LC.
-Controlling monthly accruals, prepaid expenses, claims, suspense accounts, employee loan, Bank reconciliation, down payments follow up…
-Controlling accounts within trial balance on monthly bases to assure of accurate of monthly closing like provisions, End of service, Loans, unpaid interest, advances.
-Comparing monthly expenses Vs average last 12 months to avoid missing records.
Adjusting cost of sales on monthly closing by matching items delivered & sold and stock movement to invoicing report.
Accounts manager in Toyota (Abdullatif Jameel Retail Co-KSA) From July 2002
To Nov-2012.
My responsibilities include preparing & sending monthly analyses reports to head officers: monthly comparing gross profit with last year same month, clarifying variance of gross profit% and net profit from budget: selling price or quantity variance from budgeted values). Also yearly preparing expenses budget for each activity according to sales plan and after revising and separating direct from indirect expenses.
For the vehicle service activity: monthly calculating actual cost per hour and issuing reports to management: average cost per Man-hour sold Vs budget, Number of hours sold Vs its budget , normal & abnormal idle hours, cost of abnormal hours, average selling price per hour. Also monthly analyzing and following up service warranty claims. Dealing with insurance companies in preparing claims form to them, reconciliation outstanding balance in between, discussing of rejected claims.
For spare Parts: calculating monthly overage stock provision according with Co policy, issuing sales and GP% reports for spare parts by sales type : Brokers cash and credit, retail, workshop sales. Also reports for each type: its cost. Allocating direct expense to each of them. Compare the above results with its budget. Also managing control over credit costumers for collection issues, and issuing recommendations for additional credit limit request for current costumers according to their historical sales volume and average collection periods.
For General ledger (GL): reviewing the jobs performed from staff as a control process: for accurate journals, expense classification, expense allocations between activities, discount limit according policy, checking claims forms and its analyses, checking payments to suppliers in amounts and duties, also checking Monthly payroll register signed from each department, issuing monthly analyzing format for fixed assets movement, end of service expenses & movements, stock ending balance valuation and reconciliation, other prepayments & accruals monthly check & analyses.
My job also include direction of my staff in controlling expenses payments depending on company policy, checking payments of incentive according company policy and authorized schedule , Following up repair claim with insurance, monthly recalculating and classification of accrued incentive. Assure proper controlling cash/credit vehicle sales (approvals and delivery approval) in addition to the mentioned above.
• Accountant in Isam Khairi Kabbani Group of Companies. (Oct-2001to jun-2002).
Financial accountant for AP & AR analyses, follow-up suspense accounts, reconciliations with suppliers, reclassifying expenses & cost of sales, checking bank charges, analytical reports for products produced & sold by price compared with cost. Preparing costing report for actual cost Vs estimated cost to control the pricing, worked with FM in consolidation of branches income statement in the holding Co.
• Accountant in AL-FOZAN Co, from July 1998 up Sep 2001 in KSA.
Checking daily sales, cash movements, preparing journals & other financial reports to Accounts manager, stock counting, point of sales control on credit & stock petty cash control, Controlling sales: delivery of products Vs accepted customer sign/sign on sold products, requesting confirmation letter from the customers in quarterly period.
• Main accountant in AL HILAL Copy books factory, from 1994 Up Jun 1998 in JORDAN.
Preparing all accounts matters : checking cash & credit sales, following up credit costumers & reconciliation with them, preparing analyses reports direct to managers like expected cash flow for the next coming months, making analyses of breakeven points, pricing of special order , smooth experience in managing liquidity process, Islamic bank in LC & debit.
Helping management in sales collection & dealing with costumers, dealing with tax agency.
? COURSES TRAINING:
• VAT.in Dec-2017
• MBA: Accounting in 2005) study by distance).
• 5 months worked smoothly on BAAN system and one year on SAP.
• 10 years worked on ERP-Oracle (AR, GL, AP, FA, and HR), As400 & VA.
• More Than 10 years practice on Excel in advance tasks and got many training courses.
• Communications skills course from ALLIANCE firm.
• International Accounting standards (inside ALJ Co).
? Characteristics:
? Controlling accounting staff in the best way to get better performance.
? Managing priorities as per top management needs.
? Strong personal character.
? Proven strong conceptualized thinking and analytical capabilities.
? Ability to manage crises.
? Integrity, Time Management, Adhere to the highest ethical standards.
? Ability to lead in a multicultural environment at a senior level and excellent teaming skills.
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Skills:
? Budgeting.
? Strong proficiency in MS Excel, Word and PowerPoint.
? Inventory control,
? Revenue analysis.
? Planning.
? Managerial accounting.
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