Basic Info

Hatem Al-Hibshi

11 years

Jeddah, Saudi Arabia

Bachelor's Degree

Experienced

Work Experience

Senior Accountant at NOMAC

Experience Details

Senior Accountant

Accounting/Finance

Experienced (Non-Manager)

NOMAC is a leading private operator of power generation and desalinated water production plants which is to date translated into successive mega projects including: Quraysh IPP, Bowarege IWP, Rabigh IWSPP, Shuaibah Expansion IWP, Shuaibah Phase III IWPP, Marafiq Jubail IWPP, Shuqaiq IWPP, Rabigh IPP1, Rabigh IPP2 and Baraka 1 IWPP.

NOMAC is responsible for a portfolio of over 16,000 MW power generation and 2.4 million cubic meter per day sea water desalinization assets including thermal and solar powered facilities across the Middle East, north and South Africa and Eastern Europe

• Reviewing all the payment request for its supporting documents and approvals prior to processing.
• Ensure the costing process for the Purchase Orders has been handled correctly specially for importing ones. (Customs, Duties, Clearance, and Exemptions, etc.).
• Investigating any departmental procedures flaws or ERP errors and advising for improvements.
• Assuring that all monthly closing related activities and Journal Vouchers are done as timely scheduled.
• Liaison with HR for payroll processing, and its related governmental costs and fees.
• Prepare Reconciliations, Investigating discrepancies, reporting and adjusting of Bank Accounts, Cash, Inventory, Inter-Company current accounts, and main Vendors.
• Following up monthly the payment Withholding TAX to DZIT online site with the Auditors
• Update the Cash flow for current & following month to maintain cash above minimum desired balance.
• Prepare monthly analysis schedule sheets for the Balance Sheet accounts after clearing transitory ones.
• Prepare monthly Management reports with actual vs budget variance analysis and investigating reasons
• Prepare the FS in accordance with GAAP & complying with SOCPA & DZIT laws and regulations along with analysis reports for variance between actual and budgeted income & expenses. (Quarter Comparisons for BOD)
• Undertaking the Annual External Audits, and the ISO IMS Audit for procedures and internal controls.
• Liaise with Group Internal Auditors for SOX audits, clear points, observations and assure compliance.
• Participating in Budgeting Process for finance department & work with function managers in budgeting for their departments to avoid any Budgetary Slack, mistakes and Unrealistic projections.
• Corresponding with bank’s credit control department regarding the amounts and the costs of the facilities needed or acquired such as Letter of Guarantee and Performance Bonds.
• Preparation of any other requested special, ad hoc and management reports.


Company Details

NOMAC (multinational)

Jeddah, Saudi Arabia

More than 1000 employees

Energy and Utilities

www.nomac.com

Jul 2015 to present (2 years 1 month)
Accounts Supervisor GL Supervision| Bank| Inventory Costing| Internal Controls| Purchase &Payables at Chalhoub Group

Experience Details

Accounts Supervisor GL Supervision| Bank| Inventory Costing| Internal Controls| Purchase &Payables

Accounting/Finance

Experienced (Non-Manager)

The Chalhoub Group has been the leading partner for luxury across the Middle East since 1955 in retail, wholesale, distribution and marketing services, with a growing workforce of 12000+ Employees, covering 14 countries, 650+ retail outlet, 100+ nationalities, 125+ companies, affiliates and joint ventures.

Radwa Trading Company, which is providing all the support services to the KSA group commercial companies (14 companies, 3000+ employees, 120+ ), among 60+ accounting & finance professionals, I was honored after 1 year to lead 8 task accountants (A/P, A/R, Treasure, etc.) in performing the following for 4 companies:

• Manages the accountant’s activities to ensure their commitment with monthly closing deadlines.
• Investigating all difference sin bank accounts reconciliations and adjust with Treasury Accountants.
• Maintaining all Inter-Company back office costs allocations (ABC based), calculations & booking.
• Leading the matching process of the POs with the suppliers invoices in the system for handling any price and quantities differences and solve with commercial and purchase departments
• Reconciliation and clearing of all transitory and dummy accounts for inventory & suppliers.
• Handle all the correspondences with the commercial departments regarding the purchases & its costs.
• Maintain all A&P expenses in ERP and monthly report it for 5 companies (10 divisions).
• Make sure that all POS sales transactions and its transitory accounts are cleared/reconciled on time.
• Maintain all required closing journal entries in the system and assure the team also posted all JVs.
• Prepare monthly TB, review the movement to assure that all data provided are accurate & reliable.
• Participate in preparing the Budget for the support services Company of the Group.
• Monthly maintaining the Withholding TAX account, file and the payment.
• Coordinate with the External Auditor for financial audits and statutory reporting.
• Creating automated templates for offline work, improving department procedures & policies.
• Preparation of any special & ad hoc reports requested by management.
• Effective participation in shifting ERP from BAAN to Oracle (EBS), preparing accounts and balances, examining and advising about modules, calculations, cost & profit centers, forms, results, reports and outputs, etc.
• Supervise juniors, trainees & newly hired accountants, analyze their performance, identifying their weaknesses and strength points, train them and report to the Department manager.


Company Details

Chalhoub Group (multinational)

Jeddah, Saudi Arabia

N/A

FMCG, Luxury Goods and Jewelry , Cosmetics

http://www.chalhoubgroup.com/

Apr 2013 to Jul 2015 (2 years 3 months)
GL/Cost Accountant (Finance Manager Vice) at Nashar Meat Company

Experience Details

GL/Cost Accountant (Finance Manager Vice)

Accounting/Finance

Experienced (Non-Manager)

Nashar Trading Company was established in 1941 as one of the oldest trading houses in the Kingdom, in 1941the company was constituted as a Mixed Liability company which grown to become one of the leading F&B FMCG importing, distribution and meat manufacturing companies, marketing its own brands plus a select portfolio of international brands.

• Review all Payment Requests assuring content and documents are in compliance with company policy.
• Maintain the Capital Expenditures files from budgeted till the asset is capitalized and depreciated.
• Checking all Vendor manual and integrated invoice booking in the ERP and assuring the matching with PO quantities and values is correct without abnormal variances.
• Ensure the Costing Process for the goods purchased are correctly charged specially for importing raw materials (e.g. Customs, Taxes, Clearance, Exemptions, L/C charges, Bank fees, etc.).
• Credit Control over A/R, reconciling and following-up with sales & collection teams for dues.
• Costing the Product Recipes, material mix cost, labor yield & FOH allocation.
• Processing Payroll and its related governmental affairs documents and fees.
• Maintaining closing journals such as fixed/recurring/unique accruals and amortizing of prepayments.
• Responsible for periodic reconciliations and adjustments for bank and cash account.
• Monthly checking the Inventory accounts balances, Physical Count, Work In Progress, and Waste.
• Prepare monthly TB, review the movement to assure that all data provided are accurate & reliable.
• Liaise with Public Accountant for Final & Interim External Audit.
• Applying the Products Recipes & Standard Costs to the ERP compares, controls & Analysis.
• Finding any ERP errors and advice for improvements and acquisition of other ERP systems.
• Improving procedures, forms and creation of automated templates for offline work and calculations to increase the efficiency within the whole group.
• Liaison with the bank for credit facilities and maintain the good relation for quick processing of the L/C, COD, Consignments, Debit & Credit Advises, wire transfers and Check issuance, etc.


Company Details

Nashar Meat Company

Jeddah, Saudi Arabia

101-500 employees

Manufacturing, Food and Beverage Production, FMCG

N/A

Dec 2011 to Apr 2013 (1 year 4 months)
HR Accountant & Officer at Waad Holding Company

Experience Details

HR Accountant & Officer

Accounting/Finance

Entry Level

Payroll
Admin Exp
Governmental Exp
Insurance File


Company Details

Waad Holding Company

Jeddah, Saudi Arabia

101-500 employees

Education

N/A

Jan 2010 to Sep 2011 (1 year 8 months)
Senior Accountant at Mohamad Moawad Audits

Experience Details

Senior Accountant

Accounting/Finance

Entry Level

Audit, Tax & Advisory
Public Accountants
& Taxes Consultants


Company Details

Mohamad Moawad Audits

Cairo, Egypt

1-10 employees

Accounting and Auditing Services

N/A

Jul 2005 to Dec 2008 (3 years 5 months)
Assistant Accountant (intern) at Said Hussain Constructions

Experience Details

Assistant Accountant (intern)

Accounting/Finance

Student

College Years - Part time
Summer Time - Full time


Company Details

Said Hussain Constructions

Cairo, Egypt

11-50 employees

Construction - Residential & Commercial/Office

N/A

Jul 2001 to Jun 2005 (3 years 11 months)

Achievements


in 2016, cleared and updated all balance sheet accounts opened from 2012 to 2015.
participated in minimize costs of 2016 through new internal controls applied.
Improvement SAP reports and working themes.


Applying new procedures, internal controls, evaluation system and work instruction for finance and accounting.
Big participant in changing ERP from Baan to Oracle.
Ambassador of IMPACT - Chalhoub charity


Acting as Accounting Manager after Six months only for 9 months.
Automated all work instructions


I won Table Tennis silver medal for Governorate at schools national cup. I was playing football in main player College team and in a national club in Egypt youth team.

Education

Bachelor Of Accounting in Accounting and Business/Management

Education Details

Bachelor Of Accounting

Accounting and Business/Management

Cairo University, Saudi Arabia

C / Good / 65 - 75%

N/A

N/A

Cairo University
2001 - 2006
High School - Thanaweya Amma

High School Details

Thanaweya Amma

Ramses Language (International)

Egypt

2000

A / Excellent / 85 -100%

N/A

Ramses Language (International)
2000

Certifications

IFRS
Jan 2017

Certificate details

IFRS

Jan 2017

72 out of 100

N/A

N/A

ACCA

N/A

Certificate details

CMA (in Progress)

Sep 2017

N/A

N/A

N/A

IMA

Study P1 exam scheduled Sep-17

Training and Courses

Training/Course Details

Super Supervisor - Leader Ship

Nov 2013

ILM

Level 3 Leadership Certificate (ILM) Part (1/3) Power Supervisor. Success Rate (97%) http://goo.gl/KKc9BE

Training/Course Details

CIA Preview Course

Jul 2009

IPA Egypt

Certified Internal Auditor (CIA) Proficiency level Internal Audit Role in Governance, Risk & Control (Review, Evaluate, Correct, Plan, Implement Internal Controls)

Training/Course Details

CMA Review Course

Jan 2017

Managerial & Financial Training Center

4 Months CMA review Course P1

This profile is fresh!
Last update 30 days ago.

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Profile Skills and Keywords

AccountingAccounting And Auditing ServicesAccounting And Business/ManagementAccounts Supervisor GL Supervision| Bank| Inventory Costing| Internal Controls| Purchase &PayablesAdaptiveArabicAssistant AccountantBaanBudgetingCIA Preview CourseCMA (in Progress)CMA Review CourseChalhoub GroupCommittmentConstruction - Residential & CommercialCosmeticsDisciplineEducationEnergy And UtilitiesEnglishFMCGFinanceFlexibleFood And Beverage ProductionFootballGL/Cost Accountant (Finance Manager Vice)General LedgerHR Accountant & OfficerIFRSInitiativeInsuranceInternal ControlsLeaderLeadershipLuxury Goods And JewelryManagement ReportManufacturingMicrosoft ExcelMicrosoft PowerPointMicrosoft WordMoviesNOMACOfficePlannerProblem SolverProblem SolvingProcedure ImprovementProject ManagementPurchase & CostingReconciliationsSenior AccountantSuper Supervisor - Leader ShipTime Management

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Tools and Technologies

Baan

Baan

: Expert

: Medium

:

1-3 years

Microsoft Word

Microsoft Word

: Expert

: Extreme - I love it!

:

More than 7 years

Problem Solving

Problem Solving

: Expert

: Extreme - I love it!

:

5-7 years

Accounting

Accounting

: Expert

: Extreme - I love it!

:

More than 7 years

Internal Controls

Internal Controls

: Expert

: Extreme - I love it!

:

3-5 years

Time Management

Time Management

: Expert

: Extreme - I love it!

:

More than 7 years

Procedure Improvement

Procedure Improvement

: Expert

: Extreme - I love it!

:

3-5 years

Microsoft Excel

Microsoft Excel

: Advanced

: Extreme - I love it!

:

More than 7 years

Leadership

Leadership

: Advanced

: High

:

3-5 years

Microsoft PowerPoint

Microsoft PowerPoint

: Intermediate

: High

:

Less than 1 year

Project Management

Project Management

: Intermediate

: Extreme - I love it!

:

3-5 years

Fields of Expertise

Accounting

Accounting

: Expert

: Extreme - I love it!

:

More than 7 years

General Ledger

General Ledger

: Expert

: Extreme - I love it!

:

More than 7 years

Reconciliations

Reconciliations

: Expert

: Extreme - I love it!

:

More than 7 years

Management Report

Management Report

: Expert

: Extreme - I love it!

:

1-3 years

Purchase & Costing

Purchase & Costing

: Advanced

: Extreme - I love it!

:

3-5 years

Budgeting

Budgeting

: Advanced

: Extreme - I love it!

:

1-3 years

Key Skills

Leader, Planner, Initiative, Problem Solver, Flexible / Adaptive

Online Presence

https://sa.linkedin.com/pub/hatem-al-hibshi/60/38b/7a1

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