Mohamed Fasal Thottoli

13+ years of progressive work experience in KSA with diverse sectors like logistics & shipping, warehousing, chemical production, agriculture and farming, manufacturing, trading, engineering firm, Good knowledge of accounting principle and a pragmatic approach to finding solutions. I believe that the knowledge and experience gained at various stage of my professional as well as educational life will help me in academic profile.

WATER PROJECTS SAUDI ARABIA LIMITED

                 RIYADH, KSA 

  Water Treatment Specialists [Chemical production, Trading, Manufacture,

    And Design & Install Water Treatment Plants]

    Designation: Senior Accountant

    Duration: From Feb 2015 to Present

   Experience

• Prepare financial statements and assist to the finance manager in preparing various reports for the annual and interim audits and  the management
•    Manage accounting assistants and bookkeepers
•    Managing General Ledger, Accounts Receivable, Accounts Payable, Inventory Management, Cash Management 
•    Assist month-end and year-end close processes
•    Preparation of VAT returns and other VAT reports for submission to government bodies 
•    Submission of the reporting requirements related to VAT audits to external auditors and government bodies
•    Leading physical counting at the end of the year compared with the system quantitatively & preparing the variance report
• Preparing and reconciling schedule for Medical, Vehicle & Fire insurance, Vacation Salary, End of service benefits etc.
• Passing adjustment entries like accrual, prepayment, depreciation, etc.
• Handling all inventory transactions like stock transfer, addition and issuing material, receiving material through local or overseas purchase, etc. and end of the month passing necessary journal entries 
• Monthly reconciling payroll sheet and monthly passing journal entries 
• Verify, allocate, post and reconcile accounts payable and accounts receivable
• Preparing payment plan based on ageing (suppliers) & controlling payments to suppliers.
• Checking all the purchase orders and verifying with the supplier’s invoices, entering & posting all local suppliers invoices on time.
• Processing supplier payment based on the due date on the ageing reports.
• Preparing various reports like Supplier & Customer Aging, Advance, Trail Balance, Subsequent analysis report & Sales analysis variance report, Branch & Sales Engineers wise sales report, Customer outstanding report etc.
• Managing sales Invoices & collection of customers 
• Controlling customer outstanding based on customer credit limit & period
•    Handling / arranging Letter of Credit (LC) and Bank Guarantee (LG)
• Preparing Sales commission report 
• Reconciling difference bank statements monthly basis
• Preparing Project cost sheet, Warranty sheet, Direct Material report, other project reports as per management requirements.

    NATIONAL AQUACULTURE GROUP 

JEDDAH, KSA 

Largest Aquaculture operation of Shrimp Farming and Fish Farming in Saudi Arabia

Designation: Senior Receivable Accountant

Duration: Jun 2014 – Feb 2015

   Experience

• Daily administrative duties which can include filing, faxing financial documents and email correspondence.
• Responsible for collection activities such as sending follow-up inquiries, negotiating with past due accounts
• Entering receipt voucher in ERP Ln (Worktop) based on the fund credited to our collection bank account.
• Ensuring all receipts are recorded and applied properly
• Monitoring bank accounts follow up the bank transfers and preparing the monthly bank reconciliations

• Monitoring the proper invoicing within standard policies reflective of the customer’s requirements.
• Working with any personnel or Department to ensure timely and accurate invoicing and those   Ledgers are kept accurately
• Manage Cash and Credit applications and maintaining the database for the customers.
• Credit checks on all customers, establish and manage or monitor credit limits.
• Responsible for tracking and resolving outstanding payment issues and monitor weekly aging reports promptly.
• Maintain an appropriate record of Fixed Asset and prepare Monthly depreciation Sheet
• Transfer fixed asset from one dept. to another dept. and disposed of Fixed Asset as per requirement

NAMMA CARGO SERVICES CO. LTD

RIYADH, KSA

Exclusive Agent of DHL Global Forwarding

A subsidiary company of NESMA Holding Co

Designation: Accountant

           Duration: Dec 2008 – Jun 2014

   Experience 

• Proficient in preparing various management information & financial report.
  • Prepare various reports for Audit requirements (Interim audit & Yearly audit).
  • Monthly accounts finalization (Profit and Loss Account, Trial Balance, B/S, vendor &customer ageing report)
  • Generate monthly recurring journals like Prepayment, Accrual, etc. and posting to General Ledger
  • Correction and passing journal entries, if necessary
  • Monthly Accounts Receivable posting.
  • Preparation of monthly statements for local & foreign customers.
  • Supervising credit activities and updating customer records, regular outstanding statements and reconciliation to facilitate prompt recovery
  • Recording and posting of invoices, cash, and bank receipt, Debit / Credit memos, Bank reconciliation, a record of cost and revenue, cash flow checking in a computerized environment
  • Monthly Invoices checking and Co-ordinate with operation/billing to solve the dispute on invoices.
  • Prepare bank payment voucher, cash payment voucher in G/L and payable module
  • Preparing all payment approval for Suppliers/Dealers & Utilities like SEC, STC, etc.
  • Verify all supplier invoices; check all its accompanying supporting documents. Including delivery notes, purchase orders, etc. then process their payment after the credit period.
  • Reconciliation of Inter Div. Company
  • Reconcile of supplier and customer account balance.
  • Monthly Cost Edit List checking payment and collections posting
  • Verification & Processing of Airlines (IATA), Agent payments as per assignment.
  • Monthly physical checking & reconciliation of the Packing Material Inventory.
  • Medical card addition, deletion, etc. and correspondence to Bupa insurance co.
  • Preparation of Capital Expenditure
  • Payroll preparation like checking of the timesheet, Employees addition & deletion, prepare to leave pay, ticket pay, severance pay & GOSI printing thru payroll module-HRMS (Human Resource Management System), then transfer to G.L
  • Maintaining proper records of warehouse, office & villa landlord  & arrange payment before the due date
  • Examine and prepare end-of-the-month procedures and confirm all necessary entries recorded in the proper period