Faisal Iftakhar Email & Phone Number

Jeddah Governorate, Saudi Arabia

Worked as Receivable specialist from Oct 2017 till dateResponsibilities Adopted: Responsible for posting all cash receipts, discounts, allowances, price difference, and other charge backs to appropriate general ledger & customer accounts. Responsible for conducting research and negotiate chargeback claims. Track and investigate deductions (charge backs) from customer payments. Must verify with department managers to make sure we are being charged correctly for the chargeback. Need to dispute and negotiate if there is any discrepancy with chargeback Responsible to verify validity of account discrepancies by obtaining and investigating information from sales, trade promotions, customer service departments, and from customers Responsible for passing adjusting entries for valid & authorized deductions. Responsible to examine customer payment plans, payment history, credit line; coordinating contact with collections department. Summarizes receivables by maintaining invoice accounts, coordinating monthly transfer to accounts receivable account, verifying totals, preparing report. Protects organization's value by keeping customers information confidential. Updates job knowledge by participating in educational opportunities Assists other finance areas such as accounts payable. Accomplishes accounting and organization mission by completing related results as neededAdditional Responsibilities Adopted:Uploading of daily bank statements in SAPClearing of Suspense accounts in SAPPreparation of bank reconciliation statement twice a month.Passing general entries related to banks.

Dammam,Saudia

Modern Maritime Logistics (Al Barrak Group): Worked as Receivables / Payables Accountant from Jan 2014 to Sep 2017Responsibilities Adopted: Responsible for generating & submitting invoices to customers. Responsible for preparation of ageing analysis of all the receivables & payables on monthly basis. Responsible for making monthly Statements of Accounts of all receivables & keep follow up for timely payment of invoices & deposit in the bank. Successfully collected payments for extensive ageing accounts Responsible for making of bank deposit slip. Independent correspondence with clients for enquiries & collections. Responsible to keep a track that all the invoices should be paid on time according to their credit limits. Perform adjusting and closing entries to analyze financial operations. Responsible for making weekly reports for management use. Responsible for maintaining customer’s files & records. Responsible for doing monthly bank reconciliation. Responsible for preparation of all payments and receipts vouchers Responsible for preparation of cheques for the payments, bank transfer & entries.Saudi Maritime Company (Al Barrak Group): Worked as General Accountant from Feb 2013 to Dec 2013Responsibilities Adopted: Responsible for making disbursement statements & remittances & to keep follow up for the receivables & payables for shipping lines likeo Perma Shipping Lineo Sea Consortium ( SEACON )o Hyundai Gloviso Eukor Car Carrierso Hyundai Merchant Marine

Khobar, Saudia

Worked as Trainee Accountant from 1st Sep 2012 to 18th Feb 2013Responsibilities Adopted: As Financial Accountant: Posting of general & ledger entries Responsible for depreciation calculation of fixed assets and prepare deletion and addition records. Practice amortization of prepaid expenses & pre received incomes on monthly basis Prepare & represent different operational monthly reports as required by the Management  Responsible for reviewing of petty cash & other expenses & posting of entries in the system.  Assisted payroll head in the preparation and processing of monthly payroll for over 200 employees  Review and ensure accuracy of approved timesheets , track and deduct all garnishments and other special payroll deductions Responsible for the coordination efforts between payroll , human resources , and other departments to ensure proper flow and maintenance of employee data Assisted in the preparation of employee vacation settlement, EOSB, accruals of EOSB, accruals of Vacation Pay, accruals of Vacation Air Fare and Business Trip Allowances. Responsible for posting entries of Govt expenses like exit re-entry & iqama renewal Responsible for computation of deduction of loans and receivables by employees in the pay roll.  Other tasks assigned by managementAs Cost Accountant: Pricing of products which includeso Calculation of Mark up , Margin for wholesale & retail prices & Overhead costo Calculation of breakeven point for saleso Calculation of EOQ , Re order levels of stock on monthly basis  Assisted Chief Accountant in preparation of monthly Cash Budget Assisted Chief Accountant in his responsibilities as Financial Analyst , in doing investment appraisal of business proposals , calculation of Ratios, Horizontal & Vertical analysis & Budgeting Other tasks assigned by management

Acca

Bachelor Of Commerce (B.Com.)

Cat(Certified Accounting Technition)