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Abdulaziz Almahasin, Senior Financial Reporting Specialist

Abdulaziz Almahasin

Senior Financial Reporting Specialist·Ministry of Sports

Saudi Arabia

Bachelor's degree, Accounting

Work experience

Total years of experience: 8 years, 10 months

Senior Financial Reporting Specialist

July 2023 - Present

Ministry of Sports

Riyadh, Saudi Arabia

July 2023 - Present

➢ 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.

Company industry:
Sports & Outdoor Activities
Job role:
Accounting and Auditing

Planning and Follow Up Specialist

June 2022 - May 2023

Ministry Of Culture - Saudi Arabia

Riyadh, Saudi Arabia

June 2022 - 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 .

Company industry:
1357
Job role:
Administration

Budget Specialist

November 2018 - June 2022

Real Estate Development Fund - REDF

Riyadh, Saudi Arabia

November 2018 - 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.

Company industry:
Public Administration
Job role:
Banking

Senior Auditor

July 2017 - November 2018

Rashed Alghamdi office - Chartered Accountants

Riyadh, Saudi Arabia

July 2017 - 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.

Company industry:
Accounting
Job role:
Accounting and Auditing

Education

Al-Imam Muhammad Ibn Saud Islamic University

October 2016

October 2016

Bachelor's degree, Accounting

Saudi Arabia

Skills

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

Languages

Arabic

Native Speaker

English

Expert

Training and Certifications

Training
Full IFRS
Ehtiraf Training Center
Oct 2019
Advanced Excel Training
EY
Sep 2019
Financial and Investment Skills Development
PwC's Academy Middle East
Nov 2021
TS410 | Integrated Business Processes
SAP
Dec 2023
CMA - Financial Decision Making
Morgan international
Oct 2023
.The Training Program in Office Application and Secretary
Al-khaleej Higher Institute for Training.
Feb 2015
Show credentials

Hobbies and interests

CMA
SOCPA