Senior Financial Consultant
Wipro Arabia Limited - Saudi Arabia
مجموع سنوات الخبرة :23 years, 11 أشهر
Key Result Areas:
Project # 2: Senior Consultant IFRS 15 at Mobily Saudi Arabia Jul’23 - Nov’23
• Provided expert guidance on the implementation, application, and reporting of the IFRS 15 standard.
• Conducted comprehensive Gap Analysis and Impact Assessment of IFRS 15 on revenue streams and business processes for Mobily.
• Developed and reviewed accounting policies, procedures, and controls to ensure IFRS 15 compliance.
• Acted as the key liaison with external auditors, managing procedures related to IFRS 15.
• Served as the internal point of contact for IFRS 15 engine queries with Source data integration from Oracle ERP.
• Engaged with the client on a daily basis at the IFRS 15 Engine, delivering required reports for Revenue Management.
• Enhanced IFRS 15 compliances for newly launched products by Mobily.
Project # 1: Senior Financial Analyst and Consultant at KAPSARC (King Abdullah Petroleum Studies and Research Center) Nov’22 - Jun’23
• Played a pivotal role in IT operations, digital transformation, and SAP consultancy projects.
• Analyzed financial data, developed business cases, and evaluated risks and opportunities, providing recommendations for IT initiatives.
• Effectively communicated and collaborated with all stakeholders throughout the project lifecycle.
• Managed IT project finances and forecasts, preparing, monitoring, and adjusting monthly reports in collaboration with Enterprise Project Management, IT Leaders, and Finance.
• Presented financial data and trends to support senior management decisions and maintain expenditure controls.
• Supported IT planning, procurement, and post-implementation reviews by adhering to best practices and standards.
• Incorporated feedback and lessons learned from previous projects to continuously improve future performance and outcomes.
Key Result Areas:
• Delivered financial expertise and steered financial operations for diverse projects encompassing drilling, blasting, excavation, gold mining, road construction & maintenance for SAS-ROCK, a leader in excavations, rock blasting, drilling, mining, and oil & gas operations.
• Collaborated with clients from diverse sectors, including oil and gas, mining, telecommunications, and government agencies.
• Directly reported to the Owners and General Manager, providing regular updates on financial matters.
• Led and mentored a team of 5 accountants, fostering a collaborative and high-performance work environment.
• Established strong relationships with key stakeholders, including auditors, tax consultants, clients, and banks to ensure compliance and facilitate transactions, enhancing the company's financial standing and reputation.
• Successfully implemented the Wings ERP system, improving operational efficiency and ensuring staff proficiency in its usage.
A leading oil and gas engineering services company catering to major clients such as Saudi Aramco, SABIC Affiliates, SAMREF, SASREF, YOKOGAWA, WORLEY PARSON, SAUDI CHEVRON, etc. in Saudi Arabia
Key Result Areas:
• Supervised and trained staff on various accounting procedures, including project and contract accounting, payroll accounting, and accounts payable accounting.
• Maintained positive relationships with vendors, auditors, associates, and banks and resolved billing discrepancies or payment issues.
• Jointly served as an authorized signatory for cheque payments with the General Manager, overseeing online banking transactions.
• Ensured accuracy in staff payroll calculations, vacation leave settlements, end-of-service settlements, and day-to-day expenses.
• Established internal controls, policies, and procedures, implementing them across all business areas, and overseeing monthly and annual closing of books of accounts.
• Prepared annual accounts for company coordination with statutory/external auditors, and managed zakat return and certificates.
• Reorganized the finance department, set standards for performance evaluation of the finance team and provided constructive feedback.
• Implemented a new ERP system, streamlined accounting processes, and improved the overall efficiency of the finance department.
A leading multinational company offering freight forwarding, contract logistics, and customs clearance services globally, with subsidiaries in 160 countries and 46, 000 employees. Corporate office based in Houston, USA.
Key Result Areas:
• Reported directly to the Country Controller and Finance Director Middle East, oversaw financial performance & strategy of the country.
• Supervised the Country Dept. and Periodic Closing process, ensuring accurate preparation and review of financial statements & reports.
• Interacted with various internal and external stakeholders, including HR (for payroll and benefits), operations (for operational costs and revenue), vendors (for invoices and payments), Century Customer (for contracts and billing), auditors (for compliance and audit), and Overseas Associates (for intercompany transactions and reconciliation).
• Assisted in preparing the yearly Country budget and forecast, estimating income and expenses, and analyzing variance reports on budget vs actual results for the country and its branches.
• Negotiated and settled intercompany transactions with Overseas Associates, covering service fees, cost allocation, and currency exchange rates.
• Recommended and implemented improvements to accounting procedures and internal controls to ensure compliance with accounting standards, policies, and regulations, facilitating accurate and timely reporting.
• Supported the implementation of ERP DATA PLUS 2000 and HFM, streamlining processes and improving overall efficiency.
•As a credit controller, assess customers’ credit ratings with Co and make informed decisions on whether to offer them credit or not based on their financial history, documents and references.
•Oversee and supervise the AR and sales personnel to ensure that they follow up with customers who have overdue payments and collect them in a timely manner.
•Analyze and identify the customers who pose the highest risk of defaulting on their payments and devise effective strategies to recover the debts, such as negotiating payment plans, sending reminders or taking legal action.
•Communicate and coordinate with credit collection agencies and other relevant parties in Cyprus to facilitate the credit collection process and comply with the local regulations and laws.
•Utilize ERP MS Navision to record and monitor all credit transactions and generate accurate and timely reports on the status of the credit portfolio.
•As a GL accountant for National Sales and Marketing Co. (Lingo Retail), an electronic retail company and a leader in the Saudi market.
•Maintain and improve the financial and internal controls for the accounting functions by ensuring compliance, reviewing and approving vouchers, reconciling accounts and preparing audit schedules.
•Oversee the general ledger and chart of accounts by performing month-end closing activities, verifying the financial statements and reports, and analyzing variances and trends.
•Assist the Financial Controller and Group Finance Manager in the strategic planning, budgeting and goal setting processes by providing financial data and analysis, participating in the plan, budget and goals, and monitoring the performance.
•Implement and optimize the accounting ERP system MS Navision by ensuring the configuration and integration, recommending enhancements, troubleshooting issues and providing training and support.
•Coordinate with external auditors and facilitate the audit process and reporting by providing financial information and documents, responding to audit queries and comments, and assisting in finalizing the audit report.
•Prepare payroll and manage accounts payable and vendor relations by processing payroll transactions, verifying employee data and deductions, ensuring payments to vendors, liaising with vendors on invoices and contracts, and resolving issues.
•Work on ERP MS Navision and generate required reports for management by utilizing the system features and functions, creating custom reports, ensuring data quality and integrity, and presenting the reports.
•Manage the accounting and financial reporting of Al Ghassan Motors, the main dealer of luxury and sports cars in Saudi Arabia with three branches in Jeddah, Riyadh, Khobar. Ensure the accuracy and compliance of the financial statements and reports according to the accounting standards and regulations.
•Assist the Financial Controller in preparing annual budgets, monthly reports, internal audits, and implementing accounting and inventory software (VINUS DATA OCEAN). Provide analysis and recommendations to improve the financial performance and efficiency of the company.
•Liaise with banks for daily operations, loan approvals, LC documents procedures, and acquiring bank facilities for working capital. Negotiate the best terms and conditions for the company and maintain good relationships with the bankers.
•Control receivables and payables and prepare payroll. Monitor the cash flow and collections and ensure
timely payments to suppliers and employees. Manage the payroll system and process salaries, benefits, deductions, and taxes.
•Reports directly to the Branch Manager and the Financial Controller, and maintains regular communication with them regarding the branch’s performance and issues.
•Collaborates with other branch staff, head office staff, area sales outlets, clients, and stakeholders to ensure smooth and efficient operations.
•Manages the branch’s sales accounts and prepares accurate and timely reports for the head office using the appropriate software or tools.
•Oversees the branch’s petty cash and its daily expenses, and ensures compliance with the company’s policies and procedures.
•Collects the sales cash from the area sales outlets, verifies the sales reports, deposits the cash in the bank, and submits the deposit slips and the sales reports to the head office on a daily basis.
•Liaises with the banks for the day-to-day functions such as transfers, withdrawals, deposits, and reconciliations.
•Maintains an updated inventory record of the workshop’s materials, equipment, and tools, and orders new supplies as needed.
•Controls the receivables and payable of the branch, and follows up with the clients and vendors on any outstanding payments or invoices.
•Prepares the branch’s payroll using the company’s software or system, and submits it to the head office for approval and processing.
Sales Analysis Reports: Salesmen, regional and Product wise
Monthly Provisions: Depreciation, Accrued expenses, Stock consumption, Sales Tax
Correspondence with suppliers
Depreciation Schedules, Fixed Assets Register company’s Expenses,
Financial Reports
Liaising with the bank for working capital facilities.
Preparing Monthly Reports and handling accounts up to finalization
Internal Audit for the warehouse inventory movements
Monthly Reconciliation Bank, AR, AP SOA.
Sales Analysis Reports: Salesmen, regional and Product wise
Monthly Provisions: Depreciation, Accrued expenses, Stock consumption, Sales Tax
Correspondence with suppliers
Depreciation Schedules, Fixed Assets Register company’s Expenses,
Financial Reports
Liaising with the bank for working capital facilities.
Preparing Monthly Reports and handling accounts up to finalization
Internal Audit for the warehouse inventory movements
Monthly Reconciliation Bank, AR, AP SOA.
Sales Analysis Reports: Salesmen, regional and Product wise
Monthly Provisions: Depreciation, Accrued expenses, Stock consumption, Sales Tax
Correspondence with suppliers
Depreciation Schedules, Fixed Assets Register company’s Expenses,
Financial Reports
Liaising with the bank for working capital facilities.
Preparing Monthly Reports and handling accounts up to finalization
Internal Audit for the warehouse inventory movements
Monthly Reconciliation Bank, AR, AP SOA.
MBA-Master of Business Administration in Finance.
C and C++, Oracle 6, LAN, MS_Office, Accounting Softwares.