Abbas Ahmed, Chief Financial Officer CFO

Abbas Ahmed

Chief Financial Officer CFO

RAM Healthcare Group

Location
Saudi Arabia - Riyadh
Education
Master's degree, Auditing, Banking, Advance & Cost Accounting
Experience
13 years, 8 Months

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Work Experience

Total years of experience :13 years, 8 Months

Chief Financial Officer CFO at RAM Healthcare Group
  • Saudi Arabia - Khobar
  • My current job since April 2021
Director Finance at NMC Healthcare
  • Saudi Arabia - Riyadh
  • April 2018 to March 2021
Deputy Chief Financial Officer at Dr. Fakhry & Al Rajhi Hospital
  • Saudi Arabia - Khobar
  • December 2015 to March 2018

Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives.
Ensure credibility of Finance group by providing timely and accurate analysis of budgets, financial trends and forecasts.
Take hands-on lead position of developing, implementing, and maintaining a comprehensive job cost system.
Direct and oversee all aspects of the Finance & Accounting functions of the organization.
Evaluates and advises on the impact of long range planning, introduction of new programs/ strategies and regulatory action.
Establish and maintain strong relationships with senior executives so as to identify their needs and seek full range of business solutions.
Provide executive management with advice on the financial implications of business activities.
Manage processes for financial forecasting, budgets and consolidation and reporting to the Company
Provide recommendations to strategically enhance financial performance and business opportunities.
Ensure that effective internal controls are in place and ensure compliance with GAAP and applicable federal, state and local regulatory laws and rules for financial and tax reporting.

Group Finance & Administration Manager at Dr. Noor Khan General Hospital, Saudi Arabia
  • Saudi Arabia - Hafr Albaten
  • March 2009 to June 2014

measures to mitigate risk and managing stakeholder’s expectation. Responsibilities included but not limited:

• Maintain strong relationship with all insurance and corporate companies, quarterly meetings for new contracts, renewal of contracts with agreeable contractual discounts, prompt payment discounts, rejections resubmission, financial deals, payment reconciliation. Writing business reports, meeting minutes and sharing with managements

• Supervising customer support offices, Front offices, Voucher collection and reconciliation department, Billing departments, Receivables section, prepare monthly duty roasters and submit to management.
• Timely dispatch insurance claims, to submit aging reports to management, designs, updates and implemented new policies, insurance policies are updated in the system,
• Weekly meeting with Staff, responsible to develop business process, teach and train existing as well as new staff, assist IT team to make necessary changes as per agreements.

• Assisting IT team to modify insurance modules, E-claims modules and MIS as required.

• Responsible for day to day financial operation of hospital, polyclinics, pharmacies, provide financial support for various departments, long and short term objective, Presenting financial reports such as statement of financial position, statement of comprehensive income, statement of change in equity, Trial balance, notes to the accounts, Zakat Statement. Dealt with external auditors and review of financial reports, management letters

Reporting to: Chairman, CEO, BOD, Associated & Corporate Branches

Education

Master's degree, Auditing, Banking, Advance & Cost Accounting
  • at VU of Pakistan
  • August 2013

Auditing, Banking, Advance & Cost Accounting

Bachelor's degree, Accounting and Financial Management, Information System, Principle of Management, Business Communica
  • at Bachelor in Commerce
  • August 2004

Accounting and Financial Management, Information System, Principle of Management, Business Communications. Human Resource Management.

Specialties & Skills

Leadership
Strong written and oral communication skills
team player and able to work under pressure
Budget and Expenditure analysis
Analytical skills and people management skills
Establish strong internal Control System
Self Starter
Excellent Knowledge in MS Office, ERP, developing
High level of integrity
Analysis
Financial Management
Reporting

Languages

English
Expert
Arabic
Intermediate
Urdu
Expert
Urdu
Expert

Memberships

Institute of Internal Auditor-USA
  • Student level-doing CIA
  • November 2011
NRSP
  • Ex-member of Internal Audit team
  • May 2003
Diakonie Katastrophenhilfe German INGO
  • Ex-member of Procurement Committee Pakistan
  • June 2006
NRSP (Relief Project)
  • Ex-member of Relief Coordinator during earthquake in Pakistan 2005
  • November 2005
DNMK Group
  • Member of Executive Committee
  • June 2009
VU of Pakistan
  • Student - Also supporting students on discussion board
  • August 2012
Member of Hospital Executive Committee
  • Dr, Fakhry & Alrajhi Hospital, KSa
  • February 2017

Training and Certifications

Implementation of new software (Training, Orientation & Master users) (Training)
Training Institute:
IDMS Sage Accpac UAE
Date Attended:
June 2010

Hobbies

  • Research
    Internal positivism encourages me to research and get more knowledge about the required topic and also share with nearest and dearest one. Someone guided us and we must also, at least, to our new generation by sharing ideas, knowledge, and good ethics to be remembered in their memory for long time.