Haytham Marmoush

Managing group centralized Corporate Finance Department and Reporting to Group CFO and Group CEO.
Key Achievements / Responsibilities:
Financial and Management reporting:
o Providing periodic management reports, financial analysis and forecasts to Group CFO, Group CEO and Board of Directors.
o Evaluate investment opportunities including investment financial modeling and sensitivity analysis reports.
Treasury and Cash Management:
o Lead banking strategic initiatives and facilitating relationship with banks.
o Monitor group bank facilities utilization and group level liquidity including investing surplus fund and ensure timely availability and adequacy of funds to all SBUs.
Zakat and Taxation:
o Monitoring zakat and taxation function at group level including monitoring timely submission of consolidated Zakat return, Value Add Tax (VAT) and Withholding Tax monthly and annual returns from each SBU Accounting Function, in addition to, monitoring communication with Zakat, Tax and Customs Authority (ZATCA) and coordination with Zakat and Tax consultants.
Insurance Management:
o Managing insurance function at group level (excluding medical and life insurance) and facilitating relationship with insurance providers and broker including monitoring timely renewal and periodic risk assessments.
Special Assignments & Key Achievements:
o Provide support in group restructuring in addition to provide recommendations for setting-up of group governance framework including developing corporate governance manual, committees’ charters and recommending terms to be included in articles of association/bylaws in compliance with company’s law and international best practices and appointed during July 2020 as Group Board Secretary.
o Contributed to successful transformation of holding company into a Closed Joint Stock Company.
o Update finance policies and procedures to maintain and strengthen internal controls.
o Led successful completion of conversion from Saudi Local GAAP to IFRS.
o Led successful implementation of VAT rate increase (using internal resources) in addition to implementation of e-invoicing.

Reporting to Head of Client Services, Advisory, Khobar Office.
Lines of service:
o Accounting Advisory Services (AAS)
o Internal Audit, Risk and Compliance Services (IARCS)
Key Accomplishments:
Business Development:
o Participated in business development activities including developing proposals, presentations and engagement letters including compliance with risk management procedures.
Accounting Advisory:
o Was a member of KPMG Saudi IFRS Convergence Focus Group.
o Participated in IFRS convergence project in a leading Operation & Maintenance and industrial & real estate groups.
o Participated in a project for convergence from governmental cash basis to accrual basis for a Major Saudi Authority including developing chart of accounts and financial statements for three years based on accrual basis and fixed assets counting.
Corporate Governance:
o Participated in setting-up of governance framework for many groups and a listed company including developing corporate governance manual, committees’ charters in compliance with CMA regulations and company’s law, in addition, developed family constitutions for a number of families.
o Participated in developing operational and governance / strategic level Delegation of Authority (DOA) Matrix for a number of leading groups in KSA.
Internal Audit and Risk Assessment:
o Participated in comprehensive Risk Assessment for a leading government owned oil and gas group, the group consists of a holding and seven subsidiaries & affiliates, which are managed by a multinational partners and each one of them is a leading company in its business sector.
o Participated in establishing internal audit department, conducting risk assessment, and executing internal audit for a leading university and a leading Oil & Gas services institute.
Forensic:
o Participated in conducting Anti-Bribery & Corruption Compliance review for a leading group in the field of offshore energy industry on specific agent with regard to the services performed under the agency agreement.

Reporting to Internal Audit Director.
Key achievements:
o Led and executed internal audit engagements (Financial and operational) that covers various functions within different industry sectors (more than 35 companies within our department’s scope).
o Participated in several fraud investigations.
o Reviewed departments’ policies and procedures including identifying control gaps and potential process improvements.
o Participated in restructuring of Internal Audit Function including developing Internal Audit Manual, Charter, Independence and Ethics Policies, and Audit Committee Charter.
o Participated in documenting an understanding of the subsidiaries and affiliates operations.
o Participated in risk assessment exercise including developing and implementing risk based internal audit plan.
o Participated in planning and evaluating Teammate Audit software implementation.
o Participated in preparation of risk register for holding and subsidiaries & affiliates of the group.

Levels:
• Junior Auditor (Jan, 2008 to Jul, 2008)
• Assistant Auditor I (Aug, 2008 to Aug, 2009)
• Assistant Auditor II (Sep, 2009 to Dec, 2010)
• Senior Auditor I (Jan, 2011 to Jun, 2012 "double promotion")

Job responsibilities:
• Supervising and performing audit procedures, identify, develop, and document audit issues and recommendations using independent judgment concerning areas being reviewed.
• Reviewing complex financial data ensuring its integrity stands up to scrutiny.
• Ensuring that the audit documentation is kept in order and can be easily understood by others.
• Preparing auditors' reports and management letters.
• Provide management over a portfolio of clients and identify ways to maximize the relationship with clients and deliver added value.
Key achievements:
• Was on the talented list for the year 2012.
• Participated in evaluating internal financial controls for leading French bank in Egypt in 2010.
• He has participated in reviewing compliance with bank facilities agreements including conducting a scenario analysis for interest calculations based on different decisions alternatives for a major construction and real estate development group in Egypt.