Emad Jarad

Seasoned accounting professional with comprehensive experience of 19+ years' in handling finance and accounting functions with a keen eye on accuracy, authenticity, and ability to work under pressures with a reputation of unwavering accuracy, credibility, and integrity. Deft in handling and managing various accounting activities viz. payroll, accounts payable/receivable, petty cash handling, and fund management. Demonstrated expertise in mobilizing and managing financial resources to meet the company's long and short-term financial needs, liaising with internal & external auditors and the company's top management.

Skilled in implementing policies & procedures, annual accounts, periodical books, records, auditing, maintenance of general, debtors & subsidiary ledgers, cash/bank book & all other books as required by law. Demonstrated capabilities in examining transactions with great attention to detail and effectively working according to laid down policies. Skillful in exercising strict budgetary control, variance analysis and appraisal of actual performance.

Versed in planning, execution, monitoring, and resource balancing skills and ability to handle multiple functions and activities in high-pressure environments with tight deadlines. Proven expertise in collecting, compiling, and analyzing financial and programmatic information. Excellent people management, time management, leadership skills.

Chief Accountant at Wataniya Insurance Company (2000-12 – Present)

• Accountable for preparing and processing of management information reports on a monthly/weekly/daily basis, with reference to the required information on covering expenses, bank account status, outstanding to suppliers, settled claims, outstanding claims, and reserves, etc.
• Proven track record in the formulation of the monthly closing statements, and reporting on weekly cash status.
• Meticulously analyze monthly balance sheet accounts, and keep financial results up-to-date in a quarterly/annual basis.
• Entrusted to initialize claim bids for the vehicles ensuring all related issues are quickly resolved; follow up the reclaim collection.
• Demonstrated excellence in filing monthly/quarterly/annual returns to SAMA; evaluating their supervision fees on a monthly basis, ensuring they are paid within the stipulated time.
• Proficiently manage the company accounts, petty cash, Visa card, and other payment methods.
• Oversee the banking and transactions, ensuring payments are properly made to vendors, service providers, dealers, third party administrators, preferred work/body shops within the agreed TAT followed by the inspection of proper documentation from both ends.
• Administer the operations related to bank accounts and other financial services.
• Orchestrate in the preparation of monthly payroll, salary slips, system posting and all transactions, including GOSI.
• Responsible for estimating EOSB for employees on a monthly basis with the accurate recording; review Medical Insurance premiums of all employees and pass quarterly entries.
• Responsible for reconciliation of the account with the reinsurance provider on a quarterly basis.
• Formulation of the consolidated budget and calculation of closing results on a monthly basis.
• Reviewing and monitoring the market value of investments in equities and passing necessary fair value adjustments on a monthly basis.
• Coordinate with the specific audit firm pertaining to tax return filing; arrange the reviews and annual audit of the company's financial statements.
• Administer operations of various accounting controls, ensuring all documents are filed and properly arranged.
• Revise all supporting documents for the expenses and make sure they are approved by CEO/ CFO prior to processing.
• Management of shareholder's accounts and generation of monthly general ledger and trial balance.
• Leadership accountability to manage the entire staff within the assigned division.

General Accountant at Abdul Latif Jameel Group (2000-06 – 2000-12)

• Held accountability for revising, recording, verifying, and processing the day-to-day transactions, and analyzing financial statements.
• Responsible for reconciliation of banks, and monthly physical stocktaking of cars with print outs.
• Gained immense experience of vehicle delivery procedures.
• Closely monitored the daily cash ensuring they were maintained with accuracy.

Bachelor of Science in Industrial Management (Accounting) – King Fahd University of Petroleum and Minerals (1986)