Waleed Salim Ambu Saidi
Muscat,Sultanate of Oman
Summary
A confident, management, multi-skilled & leadership with excellent knowledge of finance & accounting, utilizing all the skills, knowledge, learning’s and human relation with ability to handle multiple responsibility and manage multi-cultural team to achieve maximum efficiency, effectiveness and quality of service well as my expertise and efficiency. Resourceful professional with motivational approach, eager to transition into managerial role. Demonstrates strong leadership and problem-solving skills, coupled with keen ability to drive team performance and foster collaboration. Poised to deliver impactful results, enhancing operational efficiency and team productivity.
Overview
2020
2020
years of professional experience
Work history
Asst. Manager- Financial Accounting
OOMCO
- Control all general ledger accounting functions leading to satisfactory closure of monthly accounts.
- Prepare Tax income Assessment, VAT return and VAT refund.
- Assists in the preparation of monthly and annual financial statements.
- Manage monthly and year-end closing activities related to GL and Account Payable.
- Liaison with Supplier and other departments within OOMCO.
- Check all recons related to provision and prepayments.
- Check all expense accruals and pass it and Analyze the TB monthly.
- Ensure to generate monthly recurring journals to allocate costs for advance payments made to filing station owners
- Calculate the Bad debt base on IFRS9 and Check all recons related to IFRS16.
- Ensure timely and quality accounting services provided to various business streams
- Ensure that financial operational activities are executed and delivered as per the standards set by the company
- Assist in the preparation of annual budgets and five years long term business plan
- Liaison with Internal and external Auditor
- Formulate accounting and control procedures for any new system introduced within the organization
Asst. Manager- Credit Control (Account Receivable)
Oman Oil Marketing
- Supervise & manage the accounting function of Revenue/Receivable for Oman Oil Marketing.
- Pass and approve the Manual JV for all the Sales.
- Check & Approve all Debit Note & Credit Note (GL code, Cost Center, Amounts …etc).
- Control the process of the credit in Oman Oil Marketing.
- Monitor and post the JV for the bad debit provision for all the business units as per IFRS.
- Monthly aging meeting with all the business unit.
- Approve and supervise all the bank reconciliations in Oman Oil Marketing.
- Ensure financial accounting activities are scheduled in line with agreed dates for input into Management Reporting
- Supervise and manage the invoicing process within Oman Oil Marketing.
- Coordinate with the lawyer’s office to initiate legal action on payment defaults as and when appropriate.
- Monitor the business Units KPI for the outstanding collections monthly.
- Calculate the debtor days (Receivable Turnover) for all business Unit and Monitor it to avoid any cash flow issues.
- Identify issues relating to efficiency and performance standards within the Department and take appropriate remedial measures.
- Supervise all the employees in the Credit Control Department
Manager, Accounts Receivable
Omantel
2018.05 - 2019.03
- Supervise & manage the accounting function of Revenue/Receivable for Omantel.
- Supervise and manage the accounting and settlement of the international traffic, capacity IRU (Inadvisable right of Use) & operator roaming.
- Review invoices accounted by the Department to ensure compliance with IAS guidelines for appropriate and accurate accounting and to the correct revenue/receivable general ledger accounts.
- Manage the timely accounting/settlement of revenue sharing transactions.
- Monitor the settlement of international and interconnection Conduct & manage periodical meetings with Business Departments to highlight the situation regarding the age of the Business Unite related Receivable & drive action from the BU towards the recovery.
- Review and provide input to complex issues relating to accounting treatment of financial transactions.
- Co-ordinate and supervise the information flow during the quarterly & Annually external Audit of Receivable/Revenue areas & provide suitable response to the Internal Audit points.
- Provide specialized inputs with a significant degree of judgement in the areas of accounting and reporting.
- Formulate a framework of internal financial controls and draft financial accounting policies and procedures.
- Ensure financial accounting activities are scheduled in line with agreed dates for input into Management Reporting.
- Identify issues relating to efficiency and performance standards within the Department and take appropriate remedial measures.
- Monitor and report on deviations from credit standards, and follow-up with respective Business Unit for timely collections.
- Identify operational barriers that hinder successful invoicing processes and make appropriate recommendations to improve these procedures.
- Escalation/follow-up of overdue amounts due from wholesale customers with the Business Units.
- Oversee functions relating to collections of retail debts.
- Coordinate & complete the preparation of the age of the Company receivables & review the impairment provisions recommended by the BU’s & then update the Accounting & Compliance Department with the appropriate numbers.
- Coordinate with Legal Department to initiate legal action on payment defaults as and when appropriate.
Team Leader-Treasury operations & Acting Team leader- cash management
Omantel
2012.12 - 2018.05
- Monitor all banks reconciliation prepared by treasury staffs
- Responsible for cash and credit card collection from different channel for Omantel
- Control petty cash holders.
- Supervise the cashier work (Cash collection for tender, cheq deposit …)
- Prepare direct monthly cash flow
- Communicate with the bankers to get best interest rate in call or deposit accounts.
- Monitor fixed deposits.
- Post all the Investments performance (Realized, unrealized, dividend, Interest & Fees)
- Cash flow forecast (yearly, quarterly, monthly & weekly)
- Prepare monthly Investment report.
- Prepare monthly Treasury report.
- Control cash between Inter bank accounts.
- Prepare Dividend payment twice a year.
- Supervise Ten employees in the Treasury Department.
Treasury unit as accountant
Omantel
2010.10 - 2012.12
- Calculation of monthly Accruals & posting entries and accounting the receipt of interest on Fixed Deposit Bonds & Notes
- Monthly Cash Flow & Cash Flow Forecast
- Prepare Monthly Treasury Reports
- Check Daily Payments from Account Payables & Payroll
- Prepare Quarterly Investment Report
Treasury department
Zubair Automotive Group
2009.03 - 2010.09
- Booking currency (Spot and Forward)
- Swap the currency.
- Account the Swap Reserve and swap charge.
- Allocate the currency for costing vehicles.
- Open LCs (letter of Credit) & amend it
- Prepare requirement funds report (monthly)
- Account foreign supplies payment
- Account the funds transfer between the banks.
- Deals with most banks in Oman and same banks in the Gulf
- Bank Reconciliations & Working on Short Loans
Payroll
Zubair Automotive Group
2009.01 - 2009.03
- Run the Monthly Payroll
- Account The Salary Transaction
- Prepare Salary certificate.
Purchase Ledger
Zubair Automotive Group
2008.07 - 2009.01
- Check Invoice and Local Purchase Order
- Account the transaction.
- Principal reconciliation (supply account)
- Create Cods for the suppliers.
Internship
Bank Muscat
2007.06 - 2007.08
- An internship at Bank Muscat for two months.
Education
National Leadership Program (Etimad) -
Royal Academy of Management
Al – Seeb, Sultanate Of Oman2023
MBA -
Franklin University (Modern College)
Al – Seeb, Sultanate Of Oman2016
bachelor’s degree - Finance
Sultan Qaboos University
Sultanate of Oman2008
High School Diploma -
Public School
Al – Seeb, Sultanate of Oman06.2003
Skills
- Financial accounting and cash management
- Treasury functions and auditing
- Banking and account receivables
- Account payables and tax
- Computer program efficiency
- ERP systems (Oracle)
- Audit process familiarity
- Leadership engagement
- Balance sheet analysis
- Financial reporting and analysis
- Payroll administration
- Tax preparation and VAT returns
- Financial data analysis
- Cost accounting strategies
- Performance review processes
LANGUAGES
Arabic (Native).
English (written & spoken)
REFERNCES
Refernces are available upon requist
Timeline
Manager, Accounts Receivable
Omantel
2018.05 - 2019.03
Team Leader-Treasury operations & Acting Team leader- cash management
Omantel
2012.12 - 2018.05
Treasury unit as accountant
Omantel
2010.10 - 2012.12
Treasury department
Zubair Automotive Group
2009.03 - 2010.09
Payroll
Zubair Automotive Group
2009.01 - 2009.03
Purchase Ledger
Zubair Automotive Group
2008.07 - 2009.01
Internship
Bank Muscat
2007.06 - 2007.08
Asst. Manager- Financial Accounting
OOMCO
Asst. Manager- Credit Control (Account Receivable)
Oman Oil Marketing
National Leadership Program (Etimad) -
Royal Academy of Management
MBA -
Franklin University (Modern College)
bachelor’s degree - Finance
Sultan Qaboos University
High School Diploma -
Public School