FA

Firas Ameen

Chief Financial Officer at Modern Enterprises Co

Jeddah, Saudi Arabia

Work Experience

  • Audit Officer

    Talal Abu Ghazaleh Co

    Mar 2012 - Nov 2015 -3 yrs, 8 months

    Saudi Arabia

    • Job Details:Served as a member of audit teams in various industries, performed control test, reviewed financial statements, records, reconciliations, and lead interviews with clients, and development of final auditors report. Overseeing multiple engagements contributing to a strong client relationship through interactions with client personnel. Preparing the financial statements (balance sheet, income statement, cash flow statement and statement of changes in owners’ equity) according to IFRS, for different clients. Preparing the audit report on the financial statements. Auditing the accounts, ensuring that it is complete and accurate, investigating unusual trends or variances and looking for explanation. Preparing the supporting notes (notes to accounts) to the financial statements with any explanation needs. Reviewing and assessed the current accounting system and prepared letter to management showing the weakness in the accounting system giving the best solutions. Assessing client internals controls and preparing and discussing management letter. Delivering training for audit staff. Assisted in the development of audit plans and objectives, including risk assessment and prioritization; reviewed internal controls for adequacy and effectiveness to determine materiality levels. Reviewed financial statements, reports, and other documents related to external audits to ensure accuracy of accounting entries and compliance with applicable laws, regulations, policies, procedures, etc. Conducted fieldwork as required by assigned projects or programs (e.g., site visits) to verify information obtained from management officials or others within an organization. Analyzed findings of various audits conducted by reviewing documentation such as contracts, agreements, purchase orders, invoices/receipts, payroll records, timecards /attendance data, etc.; prepared written reports summarizing results of each audit project performed during the year. Prepared recommendations based on findings that may be used by senior management in addressing issues identified through audits; presented findings at meetings attended by top-level executives when appropriate; assisted in preparation of annual report(s).
  • Chief Financial Officer

    Modern Enterprises Co

    Jan 2003 - Present -22 yrs, 6 months

    Saudi Arabia

    • Job Details:Provide direction and manage employees in the department in performing their delegated tasks. Manage the accounting functions and financial resources in an efficient manner. Ensure proper financial and internal controls with regard to all transactions including payments, receipts, credit cards payments, purchases, fixed assets, depreciation, payroll and all related accounting documents including vouchers, cheques invoices etc. Control over primary and subsidiary ledgers inclusive of accounts payable fixed assets and payroll etc. Managing company’s treasury functions (management and collection of receivables, working capital credit facilities, long term credit facilities etc). Provide financial support for the preparation of the company’s strategic/ operating plans. Prepare cash flow projection and analysis of variances between actual & projection. Prepare costing, pricing and other related analyses. Conduct feasibility study on company’s various investments and projects proposals. Liaising with bankers, auditors, insurers, suppliers and other external sources in relation to the company’s financial matters. Designing and implementation of financial and accounting systems. Manage periodical physical counts on warehouses and cash boxes and ensure proper inventory control systems are maintained. Review and approve monthly bank reconciliations ensuring proper accounting treatment of or reconciling items. Ensure timely completion of the financial statements. Prepare the annual financial budget & provide the necessary assistance to the general manager in the preparation of the annual operating and capital budgets. Preparation of statements and analyses including variance analyses to the management in monitoring actual performance vs. budgets. Ensure the confidentiality of all information. Perform any other duties as delegated by the deputy CEO.
  • Assistant Chief Accountant

    Private Trading Business

    Jun 1996 - Dec 2001 -5 yrs, 6 months

    Jordan

    • Job Details:Compiles and analyzes financial information to prepare entries to accounts, such as general ledger accounts, documenting business transactions. Distributes expenditures, encumbrances, receipts, and receivables according to schedules. Performs statistical analyses to determine trends, estimates, and significant changes, and writes narrative reports explaining findings. Analyzes financial information detailing assets, liabilities, and capital, and prepares balance sheet, profit and loss statement, and other reports to summarize and interpret current and projected company financial position for other managers. Audits contracts, orders, and vouchers, and prepares reports to substantiate individual transactions prior to settlement. Determines proper handling of financial transactions and approves transactions within designated limits. Monitors compliance with generally accepted accounting principles and company procedures. Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports. Installs, modifies, documents, and coordinates implementation of accounting systems and accounting control procedures. Devises and implements system for general accounting. Makes recommendations regarding the accounting of reserves, assets, and expenditures. Conducts studies and submits recommendations for improving the organization's accounting operation.
  • Education

    • Bachelor's Degree in Accounting

      Applied Science University

      Jan 1999 

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