Abdulaziz Almahasin, Senior Financial Reporting Specialist

Abdulaziz Almahasin

Senior Financial Reporting Specialist

Ministry of Sports

Location
Saudi Arabia - Riyadh
Education
Bachelor's degree, Accounting
Experience
6 years, 9 Months

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Work Experience

Total years of experience :6 years, 9 Months

Senior Financial Reporting Specialist at Ministry of Sports
  • Saudi Arabia - Riyadh
  • My current job since July 2023

➢ Expertly directed the PWC advisory team in crafting the annual report for the General Department of Financial Affairs, ensuring meticulous adherence to financial standards and Led the establishment of a comprehensive financial management framework, overseeing crucial daily operations and fostering an environment of enhanced financial governance and accountability.
➢ Collaborated with PWC consultants to refine the organizational structure for public administration, significantly boosting operational efficiency and ensuring strategic alignment with ministry objectives.
➢ deployed a dynamic Power BI dashboard to enhance the visibility of financial metrics, facilitating real-time decision-making, conducting regular reconciliations on the Etemad platform to maintain data integrity help drive the success .
➢ Actively participated in the rollout of the SAP program, streamlining financial operations and advancing data management practices across the Ministry. My leadership in this area was key to enhancing the Ministry's financial infrastructure.
➢ Took the lead in preparing and submitting tax returns in alignment with local laws and regulations, demonstrating a proactive approach to financial compliance and supporting the Ministry's strategic vision.

Planning and Follow Up Specialist at Ministry Of Culture - Saudi Arabia
  • Saudi Arabia - Riyadh
  • June 2022 to May 2023

➢ Managed a high-level implementation project, executing comprehensive financial plans that drastically improved efficiency, effectiveness, and raised the ministry's operational standards.
➢ Played a crucial role in maintaining favorable credit ratings and advocating for financial responsibility principles, which led to significant cost reductions and maximized efficiency through meticulous government spending control and sustainable revenue enhancement.
➢ Developed sophisticated financial models to evaluate the impact of proposed service changes, supporting strategic decision-making and long-term planning, bolstered the ministry's financial analysis and project monitoring capabilities.
➢ Actively coordinated with the Ministry of Finance to manage the Ministry of Culture's budget, ensuring it was in harmony with fiscal policies and strategic objectives, thereby enabling efficient resource allocation and financial planning.
➢ Instrumental in rolling out a customized SAP system, working in partnership with PwC to integrate a financial model that streamlined operations and reinforced strategic financial management.
➢ Created a comprehensive Dashboard using Power BI, significantly enhancing decision-making processes and played a pivotal role in optimizing reserve utilization and empowering the Ministry to achieve projected returns, propelling the Vision 2030 .

Budget Specialist at Real Estate Development Fund - REDF
  • Saudi Arabia - Riyadh
  • November 2018 to June 2022

➢ Managed daily operations with utmost efficiency, ensuring the seamless integration of the fund's projects with external parties through meticulous management of purchase requests and orders, facilitated the smooth approval of exchange orders and reinforced fiscal discipline across projects.
➢ Conducted weekly matches to verify savings, oversee disbursement processes, and maintain optimal cash flow for projects, securing the fund’s financial health and ensuring project viability.
➢ Reviewed all financial transactions thoroughly to ensure accuracy and impact assessment. I prepared detailed reports for each cost center, analyzing exchange ratios, liquidity status, and project progress, which significantly boosted financial transparency and control.

➢ Successfully secured funding from the Ministry of Finance for housing support programs, monitored expenditures closely, and engaged with initiative owners to discuss targets versus actual spending, optimized resource allocation and bolstered support for community housing needs.
➢ Utilized the Etimad platform for application acceptance and settlements, aligning balances and conducting weekly reconciliations, enhanced financial accountability across the board.
➢ Designed a highly professional Excel file tailored to the real estate fund's operational needs, allowing for comprehensive tracking of budget activities, actual disbursements, and the status of requests and purchase orders, marking a significant leap in financial data management and operational efficiency.

Senior Auditor at Rashed Alghamdi office - Chartered Accountants
  • Saudi Arabia - Riyadh
  • July 2017 to November 2018

➢ Directed a wide array of audit projects for a diverse client portfolio, My efforts played a critical role in driving the firm's revenue growth and expanding its client base in highly competitive markets.
➢ maintained strong relationships with key clients, providing insightful, actionable audit findings and recommendations. contributed to the firm's growth but also reinforced its reputation for reliability and excellence in service delivery.
➢ Took the lead in evaluating financial statements and operations for compliance with statutory standards by identifying risk areas and recommending mitigative strategies.
➢ Offered expert analysis and guidance on complex accounting issues, thereby aiding clients in achieving more transparent and accurate financial reporting.

Education

Bachelor's degree, Accounting
  • at Al-Imam Muhammad Ibn Saud Islamic University
  • October 2016

Specialties & Skills

Financial Analysis
Internal Controls
Compliance Management
Budgeting and Forecasting
International Financial Reporting Standards
Financial Analysis
Strategic Planning
Able to handle multiple tasks, work quickly and well under pressure.
Cash Flow Management
Compliance Management
Regulatory Reporting
Financial Policy Development
Internal Controls
Willing to assume responsibility for decisions.
Cost Reduction Strategies
Audit Planning and Execution
Internal Auditing
Financial Planning
Financial Reporting Standards (IFRS, GAAP)
Risk Management
A proven high performer and quick learner.
Budgeting and Forecasting
Able to connect with customers to build loyalty.
Thinking creatively to solve complex problems.
Can quickly understand and evaluate complex information.
Highest standards of accounting accuracy and precision.
Proficiency with MS Office suite, especially in Excel.
Report Writing
Corporate Governance
Operational Auditing
Compliance Audit
Audit Reports

Languages

Arabic
Native Speaker
English
Expert

Training and Certifications

Full IFRS (Training)
Training Institute:
Ehtiraf Training Center
Date Attended:
October 2019
Duration:
300 hours
Advanced Excel Training (Training)
Training Institute:
EY
Date Attended:
September 2019
Duration:
20 hours
Financial and Investment Skills Development (Training)
Training Institute:
PwC's Academy Middle East
Date Attended:
November 2021
Duration:
32 hours
TS410 | Integrated Business Processes (Training)
Training Institute:
SAP
Date Attended:
December 2023
Duration:
80 hours
CMA - Financial Decision Making (Training)
Training Institute:
Morgan international
Date Attended:
October 2023
Duration:
57 hours
.The Training Program in Office Application and Secretary (Training)
Training Institute:
Al-khaleej Higher Institute for Training.
Date Attended:
February 2015

Hobbies

  • CMA
  • SOCPA