Ra'ed Al-Haimouni, CPA, Finance Director

Ra'ed Al-Haimouni, CPA

Finance Director

Confidential

Location
Saudi Arabia - Dammam
Education
Diploma, Certified Public Accountant ( CPA
Experience
29 years, 11 months

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Work Experience

Total years of experience :29 years, 11 months

Finance Director at Confidential
  • Saudi Arabia - Jeddah
  • My current job since October 2014

Support the commercial performance of the business by driving efficiencies to achieve increased profitability of the group, Maintained the company’s short, mid and long -term cash forecasting, Prepared annual budget and five-year forecasting with linkage to key performance metrics to highlight operating issues/ challenges or profit opportunities to drive performance. Managed producing the consolidated report for all business lines. Prepared feasibilities related to any project especially the financial projections, sensitivity analysis and financial ratios; operational metrics both internally & externally, oversee investment of funds, Reviewed all formal finance-related procedures, processes and administration and recommended improvements to the systems in place

Group Finance Manager at Kadi Group Holding
  • Saudi Arabia - Dammam
  • January 2008 to September 2014

Based in Eastern province of Saudi Arabia the group has a presence in different industries in services, manufacturing, transportation, construction and real estates sectors. Reporting to CEO and directed a team of 8 qualified finance managers, chief and management accountants Main Responsibilities: • Financial controlling on the top of the entire group companies’ finance departments to ensure maintaining sustainable growth and returns along with effective cost management • Managing the consolidation of financial reporting and presentation of the financial results to the board of directors • Oversees the investment of funds and manage associated risks, supervise cash management activities, execute Capital-Raising strategies to support the group expansion • Manage the strategic planning, financial reporting, business analysis, costing, budgeting, forecasting, insurance and risk management • Cash management, assess company financing needs and identify suitable funding sources, manage the working capital, negotiate financing facilities • Developing and managing the implementation of the group annual budgets Key Achievements: • Integration and restructuring of finance departments across the group • Developed group model COA, owner of finance module implementation and rollout for JDE Oracle Project • Developed and implemented group-wide business planning process for all business and supporting units, aligned to group strategies and driving detailed budgeting, targets set-up, and performance monitoring and evaluation through BSC • Finance processes re-engineering, including the automation of payments & settlements processes • Developed financial models, business plans to negotiate successfully specific financing arrangements • Created new policies and procedures for improved control and effective risk management • Aligned employees actions with the organizational strategy through implementation of individual scorecards and KPI’s

Financial Controller at International Specialized Stores Company / Member
  • Saudi Arabia - Riyadh
  • August 2005 to December 2007

Held by Al-Sadhan group and based in Riyadh and operating through various outlets of most famous international brands of clothing, bed and Bath and accessories. Reporting to CFO and managed a team of 7 qualified accountants

Main Responsibilities
• Responsible for the overall functions of finance / accounting department, analyze accounting records, documents and reports to ensure the accuracy of daily and monthly transactions

• Oversees development of accounting policies to comply with generally accepted accounting principles, and management reporting requirements
• Proactive analysis of the monthly financial statements for the business including, analysis of the key financial indicators and trends, including financial ratios, cross division comparison and establishing financial benchmarks of acceptable performance
• Manage monthly, quarterly and year- end closing
• Investment decisions support by preparing feasibility studies, analyze products cost, break-even point, profitability and financial indicators

Key Achievements:

• Developed and implemented comprehensive standard daily management information packs and performance analysis
• Developed COA and system’s financial parameterization for ACCPAC
• Shortened the monthly accounting close by one week, enhanced the quality of financial and management reporting through process improvements and automation using the system and excel
• Assessed and developed company internal control policies, procedures and structure

Chief Accountant at Al Alamiah Electronics
  • Saudi Arabia - Riyadh
  • December 2001 to June 2005

AL ALAMIAH ELECTRONICS is located in Riyadh, Saudi Arabia. Company is working in Computer software solution, Computer services, Education business activities

Main Responsibilities:
• General ledger - maintenance of the general ledger and trial balance to ensure all entries produced by sub-systems such as AR, AP are correctly interfaced and automatic and manual journal entries are duly approved and correctly coded.
• Accounts Payable - overseeing the maintenance of the accounts payable ledger ensuring that all invoices are matched with purchase orders and evidence of delivery and are properly approved according to authority levels. Preparing the payables ageing analysis
• Review accuracy of payroll reports and interface to the General Ledger
• Prepare monthly, quarterly and year-end financial statements and reports

Senior Accountant at AL Sayed Group
  • Saudi Arabia
  • April 1998 to November 2001

• Accounts Receivable - Maintained accounts receivable ledger, posting sales invoices, credit notes and cash and producing ageing analyses. Administering the credit control process.
• Fixed Asset Register - Maintained fixed asset register by posting relevant invoices and journal entries including automatic and manual depreciation journal entries
• Cash - posting all entries for cash expenditure after ensuring they are backed up by suitable documentation and have been duly authorized. Overseeing bank reconciliations for all bank accounts.

Senior Accountant at Modern Food Industries
  • Saudi Arabia - Riyadh
  • October 1995 to March 1998

• Maintained all general ledger accounts and ensured appropriate reconciliation and related analyses were completed on monthly/annual basis
• Prepared and submitted daily, weekly, monthly reports as assigned by Head of Finance

Accountant at Arab Vegetable Oil Industries
  • Jordan - Amman
  • March 1994 to September 1995

General accounting Tasks

Education

Diploma, Certified Public Accountant ( CPA
  • at American Institute Of Certified public Accountants
  • October 2005

• American Institute Of Certified public Accountants, California, United States Certification/diploma, Certified Public Accountant ( CPA) GPA: Successfully Passed All Parts of CPA Exam

Bachelor's degree, Accounting
  • at Yarmouk University
  • June 1993

Specialties & Skills

Accounting
Benchmarks
Capital
Annual Budgets