Fahed Juma Alkaabi

•Plan accounting and finance goals in alignment with company mission and objectives.
• Designed, maintained, and evaluated the company's Internal Control system to ensure strict adherence to Policies and Procedures and instituted measures that closed any deficiency gap that may exist.
• Keeping abreast of changes in International Financial Reporting Standards (IFRS) and developing policy papers as appropriate to translate these into SSMC accounting policy.

• Prepared and presented monthly financial statements, variance analysis reports, and management reports to facilitate decision-making.
• Lead the reporting and analytics team to develop insights on the growth of the business by leveraging ability to analyze the financial impact of business decisions along with an understanding of company operation.
• Financial Accounting – maintaining books of account, including but not limited to ownership of Oracle financial systems and reconciliations with other systems such as Cerner.
• Asset management and reporting – capital assets, inventories Tax returns and compliance.
• Managed payroll accuracy and reduced financial discrepancies through bookkeeping processes.
• Consistently maintained time and budget targets through strategic leadership and communication.
• Determine cash funding requirements, cash concentration, short term cash investments, and working capital maintenance.
• Played a key role in the successful implementation of a new ERP system, overseeing the financial modules and training employees

• Committees member, Space and Equipment , Human Capital and Cost Optimization.

• Identifies, recommends and tracks opportunities for process and operational improvements
• Improves the business process and operations through prototyping and developing new financial system enhancements
• Provides System governance and enhancements planning for Workday Financials
• Configures, tests & maintains Workday Financials – Financial Data Model, Financial Accounting, Procure-to-Pay, Payroll, Business Assets, Banking and Expenses
• Coordinates with HR Systems and Operations leader with respect to overall system planning and governance and cross-module processes
• Project Management: responsible for defining the scope of work, deliverable and timelines
• Reviews and analyzes preexisting financial systems for its effectiveness. Develops new strategies to improve or further the company’s financial systems
• Develops reporting system, modeling tools and dashboards
• Coordinates, reviews and assures timely close for Corporate Accounting and ensure all financial reporting is accurate
• Directs or performs daily problem solving, including evaluation of policies and procedures for improvements
• Provides special project support for a variety of management presentation and reporting needs
• Supports all aspects of external and internal audit as related to financial systems

• Facilitated account closing procedures each month.
  Analyzed and researched reporting issues to improve accounting operations procedures.
• Monitored payments due from clients and promptly contacted clients with past due payments.
• Researched and resolved accounts payable discrepancies.Reconciled vendor statements and handled payment complaints or discrepancies.
• Supervised invoice processing,purchase orders, expense reports, credit memos and payment transactions.
• Managed accurate and timely processing of accounts payable for 20 million AED per month.
  Developed effective accounting reports summarizing accounts payable data.
• Set objectives for the accounts receivable team that align with the accounting department's goals Monitor processing of invoices.Ensure timely collection of payments.
• Prepare monthly, quarterly,annual revenue reports.
  Ensure high-quality invoicing and collection procedures that comply with the DOF law.
• Support Accounts Receivable Clerks on a daily basis and train new team members.
• Ensure all team members follow the accounting principles. Coordinate with other government entities on order to collect cash. Stay updated on legislative changes.
• Liaised with and managed relationships with external auditors to prepare excellent audit reports.
• Created periodic reports comparing budgeted costs to actual costs.

• Perform GL Accounting processes efficiently and effectively, and support business activities in relation to those processes.
• Ensure compliance with internal controls and procedures as per DOF Policies in connection with Accounting and recommend improvements.
• Maintain proper control over accruals and provisions during as well as at the end of the fiscal year ensuring correctness, completeness, and adherence to the DOF financial policies and procedures. Prepare journal entries for the assigned area of responsibility for posting to the general ledger accounting system.
• Ensure compliance with monthly, quarterly and year-end Closing Check List.
• Process and enter the monthly, quarterly and year-end closing entries, ensuring all deadlines are always met.
• Communicate to and coordinate with all concerned parties with regards to accruals/provisions requirements during the year and review adequacy and correctness of accruals/provisions on monthly basis.
• Prepare entries for all prepaid amortizations, advances, and allocations ensuring accuracy and compliance with IPSAS. Provide required assistance in implementation of new financial systems, interfaces, and/or system improvements well as similar initiatives. Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
• Assign tag numbers to fixed assets.Record fixed asset acquisitions and dispositions in the accounting system.
• Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• Review and update the detailed schedule of fixed assets and accumulated depreciation.
• Recommend to management whether fixed assets should be disposed of.Conduct analyses related to fixed assets as requested by management.