Muhannad M. Shoumali
Kuwait - Hawali
Mobile: +965 – 97223818
Tel: +965 - 22621803
E-mail : mnd_shoumali@hotmail.com
Date of Birth: 07/08/1975 * Marital Status: Married * Gender: Male * Nationality: Jordanian.
EDUCATION:
Isra'a University. (Amman – Jordan)
Accounting Bachelor's Degree
1999- 1995
TRAINING:
Qurtuba Furniture Co.
Training on Accounts Work.
10-06-2000
10-08-2000
Dallah Investment.
Training on Accounts Work.
01-04-2000
08-06-2000
SKILLS:
Language Arabic Language: Mother Language.
English Language: Good.
Computer knowledge (Windows-WinWord-Excel-PowerPoint-Internet)
Courses:
 English Language Courses in British Institute & Modern Language Centre (Amman – Jordan) 1999&2004
 Computer Science Course in Dalya Centre (Amman – Jordan)
(Windows-WinWord-Excel-PowerPoint-Internet)
1999
 Course of Accounting Program (Ideal Accountant) in Majodi Office for Auditing (Amman-Jordan) 2000
 Concentrated Course of Accounting in Majodi Office for Auditing (Amman – Jordan) 2000
 Course of Alpha Program (Accounting – Costing ) (Dammam – KSA) 2002
 Finished C.M.A Course & Under Exam. ( Morgan International – Jordan )
 Study C.M.A course (Pitman – Kuwait)
(Attendance)
2005
2012
 Financial Analysis Workshop (The Convention Center & Royal Suites – Kuwait ) 2014
 Course of Accountant Program (Kuwait ) 2006
 Membership in I.M.A ( Institute of Management & Accountant – U.S.A)

2
EXPERIENCE:
HOT ENGINEERING & Construction Co. (Kuwait)
(GS ENGINEERING & Construction Co.)
Position: Head of Account Payable Section
Purpose:
ENTERPRISING, HARD-WORKING AND TECHNICALLY SKILLED ACCOUNTS PAYABLE SPECIALIST
known for accuracy, attention to detail and timeliness in managing disbursement functions for diverse-
industry employers. A/P career spans more than 7 years of experience in manufacturing, retail, higher
education and other industries and has included accountability for the processing of up to 1,000
invoices (KWD 500,000) per month. Backed by solid credentials (BS in accounting) and proficiencies
in generally accepted accounting practices as well as MS Office Suite, Great Plains software, ERP
systems.
Key Skills:
 Accounts Payable Processes & Management
 Invoices/Expense Reports/Payment Transactions
 Corporate Accounting & Bookkeeping
 GAAP Standards & Government Regulations
 Vendor Negotiations & Management
 ERP, Financial System Technologies
 Records Organization & Management
 Journal Entries & General Ledger
 Teambuilding & Staff Supervision
 Spreadsheets & Accounting Reports
Duties & Responsibility:
Accounts Payable Specialist,
Handle daily A/P processes; supervised A/P clerks; managed vendor/supplier relations; and oversaw the
timely, accurate processing of invoices, purchase orders, expense reports, credit memos and payment
transactions. Maintained adherence to corporate, accounting and GAAP standards; addressed escalated
issues from employees and vendors regarding accounts payable; and ensured accurate and compliant A/P
files and records in accordance with company policies and government regulations.
Key Results
 Managed the accurate and timely processing of up to 1,000 invoices (KWD 500,000) per month
for large, multi-site organizations. Assessed and closed A/P sub-ledger on a monthly basis,
validated content and resolved various issues.
 Implemented next-generation technologies and process automations (including new ERP systems)
to foster an environment of continuous improvement. Trained users and served as the primary “go-
to” troubleshooter on these new systems, which propelled efficiency gains and significant time-
and cost-savings.
 Facilitated “no-fault” internal and external audits as a result of sound recordkeeping and thorough
documentation.
 Instituted thorough cross-checking of pack-lists, receivers and invoices that halted a previous
history of thousands of Dinars in overpayments to suppliers.
 Renegotiated payment terms with dozens of suppliers/vendors from Net 7 to Net 60 days for
manufacturer emerging from bankruptcy.
 Improved cash flow and helped facilitate company’s return to profitability.
 Composed effective accounting and ad-hoc reports summarizing A/P data for supply chain, HR
and other departments.
 Consistently maintained accuracy in calculating figures and amounts such as discounts, interest,
commissions, proportions and percentages.
 Verifying invoices with purchase order (P.O) which is received suppliers and obtaining approvals
on the supplier’s invoices by sending email and approvals on the sun contractor’s payment
certificates from the Department Managers.
 Reporting of daily aging payable effecting in cash flow.
 Follow up P.O & S.O and reporting outstanding for due payment.
01-07-2008
To Now

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 The signing of the purchase orders and surely payment terms and compared with 3 Offers.
 Follow up of Oil & gas department & equipment division.
 Follow up of the missing invoice.
 Adoption of purchase orders and matches them with budgets.
 Follow up (contracts) sub contracts complying with sub contractor’s payment certificates.
 Matching creditors accounts balance with our books and work necessary reconciliations.
 Contribute to the preparation Financial Statements (P&L, Balance Sheet & Cash Flow).
 Contribute to the preparation of reports estimated budget.
 Reporting and administrative requirements.
MENA OCEANA CO. (Kuwait)
Position: SR. Finance & Cost Accountant
Purpose:
The Senior Staff Accountant reports to the Controller. Responsibilities include, but are not limited
to, general ledger accountability, and financial reporting, as well as financial profitability analysis and
other special projects as assigned.
Duties & Responsibility:
 Prepare monthly financial statements, reports and records by collecting, analyzing and summarizing
account information.
 Follow Equipment division (cost & revenue).
 Follow up P.O & S.O and reporting outstanding for due payment.
 Prepare collection report of receivable & Coordination with collector for collection.
 Reporting of daily aging payable effecting in cash flow.
 Responsible for general ledger.
 Fixed asset processing and reporting.
 Maintain bank accounts by requesting disbursements.
 Monitor reserve accounts and short-term fund investments.
 Review bank statements.
 Research and reconcile all discrepancies.
 Auditing and verifying documents.
 Following internal controls.
 Completing data backups.
 Contribute to the preparation Financial Statements (P&L, Balance Sheet & Cash Flow).
01-07-2005
30-06-2008

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Al Asfour Furniture Est. (Dammam – KSA)
Position: SR. Cost Accountant
Costing Accountant in Industrial Section in AL Asfour Furniture Est.
(Alpha Program)
Job Description:
Senior Cost Analyst will act as the Manufacturing Controller; responsible for cost accounting
activities related to our manufacturing operations. Major responsibilities include analyzing,
reconciling, and controlling inventory, cost of sales, product margins, and productivity. The position
focuses on the continuous improvement of spending, balance sheet risk/opportunity, and product
profitability in accordance with corporate policy and business objectives. The position reports to the
Corporate Controller.
Duties & Responsibility:
Perform all cost accounting activities including standard cost development, average pricing analysis,
margin and cost ratio analysis, inventory control, variance analysis, etc.
 Provide reporting and analysis for all manufacturing activity including productivity, capital &
department spending, forecasting, budgeting, absorption, sales, inventory and operations planning,
etc.
 Review business activity and accounts to support accurate and timely submission of financial
statements
 Participate in development of the annual operating plan and monthly forecasting.
 Lead annual physical inventory and manage all cycle count procedures
 Reconcile applicable balance sheet accounts; prepare and analyze balance sheet risk and
opportunities.
 Prepare and distribute managerial reports and explain financial results to non-financial audience
 Communicate and explain manufacturing performance through the P&L
 Effectively collaborate with colleagues from all departments including sales, engineering,
procurement, manufacturing and all members of the domestic and international leadership team
 Lead and execute process improvement projects including waste elimination team participation
and leadership
 Develop and support a personal and company-wide culture of Lean and / or Six Sigma principles
 Thorough documentation of internal control processes and ability to identify and mitigate control
weaknesses
 Ability to extract, organize, analyze, and report data in a manner that is useful and relevant for
making business decisions with using an ERP system.
 Develop broad technical and communication skills through self-study, internal and external
training opportunities
 Control of Row material stock with market and show effect in per unite production.
 Control of labor hours with Payroll.
 Control of the Machine Hours on the Operation.
 Controls on goods purchased through the invoice, delivery note and purchase order and oversee the
registration in the program.
01-10- 2002
16-09-2004

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Position: Finance Accountant
Head Office Al Asfour Est. (Alpha Program)
Job Description:
Involved in working within a financial accounting team and responsible for preparing, examining,
and analyzing accounting records, financial statements, and other financial reports.
Duties & Responsibility:
 Reporting to senior managers regarding the company’s finances.
 Advising on the financial implications and consequences of business decisions.
 Processing year end accounts.
 Detecting and preventing financial fraud.
 Liaising with internal and external auditors as required.
 Accurately and promptly processing documentation.
 Preparing monthly reconciliations of balance sheet accounts.
 Supporting senior management in specific investigations into departmental management accounts.
 Dealing with any financial irregularities as they arise.
 Investigating outstanding items and resolving financial discrepancies.
 Preparing annual financial statements.
 Carrying out any other accounting related duties as assigned by the Accounting management.
 Prepares collecting raw financial data.
 Conducting regular business reviews of financial performance.
 Developing policy for company treasury.
 Preparing standard accounting reports and summaries for financial analysis.
 Supporting team members on all accounting issues.
 Reviewing the company’s financial systems.
 Journal entries, cash, and inter-fund transfers
 Audit & Control the Accounts of Branches.
 Preparing statement of Debtor & Creditor Accounts.
 Follow up the Expenses Accounts.
 Preparing Sales Invoice, Payment Voucher & Received Voucher.
 Preparing Reservation for goods.
 Controls on goods purchased through the invoice, delivery note and purchase order and oversee the
registration in the program.
27-10- 2000
30-09-2002