Financial Manager
Ulterra Arabia LLC
Total years of experience :19 years, 2 Months
Ulterra Arabia LLC - Local manufacturer / Joint Venture: May 2018 to Present
Financial Manager - KSA
The Company is engaged in providing a PDC diamonds bit with repairing services to Aramco and other customers in
Saudi and outside according to the contract in partnership with agencies
• Supervising all financial workflows in the company, including accounts payable and receivable, accruals,
provisions, invoicing, inventory, cash management, Intercompany charges and monthly closing.
• Preparation of monthly Trial Balance and P&L and forecasted cashflow.
• Prepare annual financial statements in compliance with the statutory/regulatory norms.
• Analyzing accounting data and preparing financial reports that assist in decision making as well as the
preparation of regular reports on the performance of the company in the same year.
• Analyzing the variances between revenues and expenditures, budget and the actual.
• Monitor and manage cash flow, working capital, and capital expenditure to optimize financial stability and
efficiency.
• Assisting Int’l Controller in reviewing, analyzing and reporting business results covering month actual, and year-
end actual, forecast and annual budgets.
• Finding ways to reduce or maintain costs by studying financial reports and business processes.
• Maintain a precise and disciplined accounting system to monitor the movement of accounts, cost centers,
profit and loss accounts, accounts receivable and accounts payable.
• Update and implement all necessary business policies and accounting practice and improve the finance
department overall policy and procedures.
• Liaise with auditors, regulatory authorities and legal teams to facilitate financial audits, compliance
assessments and compliance with company obligations.
• Ensure completion of statutory audit for operating concepts as per agreed timelines under close coordination
with external audit firm.
• Ensure compliance to local tax laws (VAT, ZAKAT, WHT, Corporate taxes, etc.).
• Implement and monitor internal controls and accounting guidelines to safeguard company's assets and ensure
compliance with all relevant internal and statutory financial regulations and standards.
• Evaluating and recommending improvements or changes to the accounting system to align with the company's
mid and long-term goals overseeing proper system use and leveraging company-wide reports for management.
• Collaborating with management to enhance financial processes and procedures and providing periodic reports
on issues.
• Stay well informed about shifts in accounting standards, taxation regulations, and industry best practices,
ensuring compliance and integrating pertinent adjustments into financial procedures.
• High level of attention to detail follows through on tasks to ensure completion in general accordance with
quality standards.
• Setting the role and objectives of the finance department.
• Identify the team training and development needs and ensure their fulfillment.
• Train and educate the team members about errors/new system developments.
Saudi Petroleum Service Polytechnic - Drilling Program Center: November 2011 to May 2018
Assistant Director of Finance - Senior Accountant
The company is providing a training program to Aramco & its Contractors in Drilling section realistically in order to
achieve saudization in all technical jobs.
• Managing end-to-end accounting responsibilities, including accounts payable and receivable, payroll, petty
cash, monthly journal entries, reconciling invoices, identifying discrepancies, creating expense reports,
processing reimbursement forms, and year-end closing of books.
• Prepare the Trial Balance.
• Oversee day to day financial operations, including accounting, treasury, taxation, controlling, procurement,
payroll, and financial reporting.
• Preparation of Monthly P&L, BS, Cash Flow (Forecasting) and financial outputs.
• Preparation of financial statements at the end of the year supporting with reports of result achieved.
- Statement of financial position
- Income Statement
- Statement of Cash Flows
• Entering all information about invoices, exchange orders, receipts and settlement recorded in the general
journal of the different accounts.
• Reviewing all major agreements (with customers, suppliers, insurance provider, etc.)
• Approving the POs before issuing to suppliers
• Compare the Pro Forma Financial Statement (Budgeted) via the actual results and analyzing the variances.
• Full liability for the assets, inventory, classification and calculation of daily and monthly depreciation according
to the company policy.
• Assist in budget preparation / financial projections including cash flow statement.
• Analyze discrepancies and resolve queries pertaining to the reports prepared.
• Report the management with the recommendations and the corrective action plans.
• Building and maintaining strong and effective relationship with related parties.
• Responsible of AR, AP, fixed assets, inventory and banking transactions.
• Bank Reconciliations.
• Follow up payable and receivable, verify revenue collection and pay utility bills.
• Documenting financial transactions, purchases and sales.
• Combine and analyzing financial and accounting data.
• Preparation of Trial balance and accounting books.
• Overseeing all aspects of financial and accounting reporting.
• Providing financial information to the management concerned.
Al Rajhi Bank - Individual Branches & Corporates: March 2005 to September 2011
Financial Officer - Comprehensive
• Depositing Money and Cash withdrawals.
• Issuing checks and remittance of internal and external.
• Currency Exchange and Pay bills.
• Daily cash inventory.
• Inventory daily to the treasury and ATM and matching with the Fund.
• Inventory daily for Tellers and matching with Fund.
• Handing over the cash and inventoried at the end of the day.
• Follow up to the deficit and increase fund and directing the excess amounts to the fund administration.
• Teller performance and operations monitoring.
• Check daily operations reports.
• Sell products for customer (loan, car rent, real estate and credit card).
• Opening accounts for customers.
• Track sales and achieving targets on the branch level.