Basem Nasser

• Establish local finance department, hire talented staff & distributed duties & responsibilities.
• Assessing to set local policies & procedures for payments & purchases.
• Setting up receivables’ recovery & escalations hierarchy.
• HR related compliance to local regulations, ie, Wages Protection System, preparing payroll, GOSI &
other HR topics.
• Signing POS & payment gateway agreements with local bank.
• Amending AOA to match our goals & vision.
• Meeting with partners to explain the concept & strengthen relationship & solve problems.
• Provide multiple training sessions to all teams across KSA to ensure smooth running of our operations.
• Preparing company's annual budget, monitoring performance during the month and preparing monthly actual versus budget analysis.
• Attending meetings with potential investors, and providing potential investors with required clarifications.

Highlights
• Preparing of company's budgeted income statement and cash flow statement.
• Challenge the financial feasibilities of the new projects and investments in order to support the CEO’s final decision.
• Prepare business plans, periodical cash flow & Budgets.
• Raise funds for structure and ensure financial closure by arranging debt and equity for the running and future projects through financial institutions/investment banks.
• Responsible for the strategic financial planning & budgetary control.
• Clarify financial objectives, design and implement systems, policies, and procedures to facilitate internal financial control.
• Formulate budgets and conduct variance analysis to determine differences between projected and actual results and implement corrective measures.
• Analysis of monthly Management reports on project level, company level, and profitability levels, and analysis of data to determine areas for overall cost reduction.
• Responsible for analyzing and presenting periodic financial statements, MIS reports and budgets to the higher management and helping them in taking right business decisions.
• Analyse financial data to assist the management to determine where improvement is required and where to cut cost.
• Restructuring company's accounts.
• Setting up new books for new projects and activities.
• Implementation ERP system (Oracle Fusion) for all company's activities.
• Distributing finance department’s workload to the limited number of resources and ensuring the sustainability of finance department operations under all conditions.

Cobone Saudi Arabia, Jeddah, Saudi Arabia. (E-Commerce business).
Accounting Manager reporting to Regional CFO in Dubai. 09/2011 - 05/2015

Highlights

• Reviewing and verifying income statements, Balance sheet, ratio analysis, cash flow, capital budget statements.
• Analyse financial and other operational data to assist the management to determine where improvement is required to maintain a continuous growth period.
• Planning and formulating the company’s financial policies and procedure manuals, engineering formulation of strategies and policies and ensuring effective implementation of the same.
• Scrutinizing KPI’s and analyzing trends which involve implementing financial index of acceptable performance and comparison of actual results to assigned budget along with rectification measures.
• Computing and presenting an array of financial reports/statements that determine the financial liquidity/stability/growth of the company to facilitate in making strategic decisions on financial planning budgeting & controlling, formulating and developing key business strategies.
• Periodically projecting cash requirements and identifying sources to raise funds for smooth and scheduled execution of ongoing business activities and ensuring maintenance of sound cash flow and optimal liquidity.
• Negotiating with bankers, financial institutions, debtors, payments gateway companies, and devising a strategy that is financially beneficial and in line with the requirements of the company.
• Developing a rigorous follow-up mechanism for receiving timely payments from Debtors, facilitating timely payments to creditors, and thus balancing and managing the working capital function of the company.
• Accomplishing organizational objectives by orienting, training, scheduling, coaching, counseling, disciplining new employees recruited; providing necessary inputs to seniors on issue resolution.
• Sustaining a strong working knowledge of accounting standards and policies, marketplaces, including regulatory trends, competitor strategies, product/services involved, general economic conditions, and other relevant information to maintain and upgrade service standards to the organization.

Highlights
• Worked on a portfolio of clients in the petrochemical, manufacturing, trading, contracting, Food and Beverage, and Real Estate industries.
• Key involvement in the internal audit executions, setting procedures, valuation, and other services assignments for large and reputable companies.
• Responsibilities included the planning of the audit, risk assessment and the development of the audit programs and managing the execution of the work.
• management of a team, responsible for the review of work and ensure the quality of final deliverables.

Key Responsibilities:
• Proficiently performed all aspects of accounting functions like preparation of financial statements along with postings to and maintenance of general ledgers, analyzed the veracity of transactions recorded across various books of accounts maintained.
• Conducted age-wise analysis of debtors outstanding, implemented an effective follow-up to ensure timely receipt of payments, and thus balanced the liquidity and financial soundness of the company.
• Liaised extensively with banks and other financial institutions, routinely organized various statements required by them, maintained and balanced bank reconciliation statements.
• Regularly reviewed IATA reports and facilitated payments to vendors and suppliers after formal verification of payments request received and supplemented the same with requisite approvals from seniors.
• Fostered implementation and maintenance of accounting control procedures, streamlined business processes wherever necessary and thus, enhanced the operational efficiency of the company with adherence to its policy & methodologies.