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Ahmed Abdulghaffar, •  Finance Manager

Ahmed Abdulghaffar

• Finance Manager·OMUK & VINES .Com For Medical

Saudi Arabia

Bachelor's degree, CMA

Work experience

Total years of experience: 23 years, 7 months

• Finance Manager

September 2024 - Present

OMUK & VINES .Com For Medical

Khobar, Saudi Arabia

September 2024 - Present

• Ensure overall activities of finance functions operations are in conformance to
accounting and auditing standards
• Manage relationships with solicitors, bankers, auditors and other statutory bodies
• Monthly preparing financial reports of the business (Income statements, Balance
sheets, and cash flow statements).
• Preparing Financial Analysis for monthly management reports like income statements,
balance sheets, and cash flow statements, to evaluate the financial performance
to identifying the variances for more improvement
• Planning financially to improve and implement the management goals and objectives.
And reassessment for investment opportunities.
• Review of monthly payroll and related HR reports
• Provide financial consultation and support to the operation
• Yearend closing and annual financial audit
• Preparation and managing annual budget with setting financial goals, and observing
the progritiones with adjustments if needed. Quarterly reviews and weekly list
payables
• Finalize VAT returns and provide all required information to ZATCA

Company industry:
Medical & Healthcare Equipment

Finance Manager

January 2019 - Present

ANTYA Power Technology CAIRO EGTPT

Cairo, Egypt

January 2019 - Present

• Ensure overall activities of finance functions of ANTYA operations are in
conformance to accounting and auditing standards
• Manage relationships with solicitors, bankers, auditors and other statutory
bodies
• Monthly consolidation of management report of the business
• Review and consolidation of monthly management reports & variances analyses
• Review of monthly payroll and related HR reports
• Provide financial consultation and support to the operation
• Yearend closing and annual financial audit
• Preparation of annual budget and quarterly reviews

Company industry:
Industrial Production

Finance Manager

January 2020 - January 2024

Ferrometalco/AlKAABI Steel Factory KSA ALKHUBAR 2nd industrial city

Khobar, Saudi Arabia

January 2020 - January 2024

• Ensure overall activities of finance functions operations are in conformance to
accounting and auditing standards
• Manage relationships with solicitors, bankers, auditors and other statutory
bodies
• Monthly preparing financial reports of the business (Income statements,
Balance sheets, and cash flow statements).
• Preparing Financial Analysis for monthly management reports like income
statements, balance sheets, and cash flow statements, to evaluate the financial
performance to identifying the variances for more improvement
• Planning financially to improve and implement the management goals and
objectives. And reassessment for investment opportunities.
• Review of monthly payroll and related HR reports
• Provide financial consultation and support to the operation
• Yearend closing and annual financial audit
• Preparation and managing annual budget with setting financial goals, and
observing the progritiones with adjustments if needed. Quarterly reviews and
weekly list payables
• Finalize VAT returns and provide all required information to ZATCA

Company industry:
Industrial Engineering & Automation

Finance Manager

January 2014 - January 2018

TAMIMI Contracting (Oi l& Gas) ALKHUBAR K.S.A

Khobar, Saudi Arabia

January 2014 - January 2018

• Manage relationships with solicitors, bankers, auditors and other statutory
bodies
• Monthly consolidation of management report of the business
• Ensure overall activities of finance functions of operations are in
conformance to accounting and auditing standards
• Review and consolidation of monthly management reports & variances
analyses
• Oversee the accounting functions of Saudi Arabia operations
• Provide financial consultation and support to the operation
• Preparation of annual budget and quarterly reviews
• In-charge of local banking, legal and taxation & Zakat matters and
compliance with DZIT regulations and Yearend closing and annual financial
audit

Company industry:
Construction & Building

Saudi &Bahrain Finance Manager

January 2015 - January 2017

ALMANSOORI Specialized Engineering (Oil & Gas)ALKHUBAR K.S.A

Khobar, Saudi Arabia

January 2015 - January 2017

• Ensure overall activities of finance functions of Saudi &Bahrain operations
are in conformance to accounting and auditing standards
• Manage relationships with solicitors, bankers, auditors and other statutory
bodies
• Monthly consolidation of management report of the business
• Oversee the accounting functions of Saudi Arabia operations
• Review and consolidation of monthly management reports & variances
analyses
• Review of monthly payroll and related HR reports
• Provide financial consultation and support to the operation
• Yearend closing and annual financial audit
• Preparation of annual budget and quarterly reviews
• In-charge of local banking, legal and taxation & Zakat matters and
compliance with DZIT regulations

Company industry:
Oil & Gas

Country Finance Manager

January 2010 - January 2014

OMS Oilfield Services (Oil & Gas) ABQIQ K.S.A (Part of SUMITUMO Corporation)

Khobar, Saudi Arabia

January 2010 - January 2014

• Ensure overall activities of finance functions of Saudi Arabia operations are
in conformance to accounting and auditing standards
• Monthly consolidation of management report of the business
• Oversee the accounting functions of Saudi Arabia operations
• Review and consolidation of monthly management reports & variances
analyses
• Review of monthly payroll and related HR reports
• Year end closing and annual financial audit
• Preparation of annual budget and quarterly reviews
• In-charge of local banking, legal and taxation & Zakat matters and
compliance with DZIT regulations
• Provide financial consultation and support to the operation
• Manage cash flow planning and credit control.
• Manage relationships with solicitors, bankers, auditors and other statutory
bodies

Company industry:
Oil & Gas

Finance Manager

March 2008 - August 2011

ATHRA Contracting EST Al-Khobar K.S.A

Khobar, Saudi Arabia

March 2008 - August 2011

• Managing a companys financial accounting and reporting.
• Insure that accounting work according to GAAP
• Providing financial information and accurate financial reports to specific
deadlines.
• Preparing annual budget with the operation team and reported on quarterly
basis.
• Preparing monthly cash flow and reported for variances analyses.
• Conducting reviews and evaluations for cost-reduction opportunities.
• Developing good working relationships with external appropriate contacts and
other companies.
• Developing financial management mechanisms that minimize financial risk.
• Insure and advice the accounting staff to have a correct and timely closing.

Company industry:
Construction & Building

Receivable Supervisor

January 2005 - January 2009

Schlumberger Middle East (SIS – IPM - DCS) Al-Khobar K.S.A

Khobar, Saudi Arabia

January 2005 - January 2009

• Help the company to minimize DSO, ensure full compliance of OFS internal
control procedures.
• Prepares client invoices as per the relevant contract & service tickets, and
processes all revenue related entries through CRM Invoice.
• Issue the reports directly to Operations Controller and active the members of
ARM finance team.
• Checking the credit notes for all the agreed and valid deductions or adjustments
by clients, if any. Get all the credit notes approved as per the ARM authorization
limit.
• Ensure entries to the receivable sub-system are done on a timely basis and all
dead lines are adhered to.
• Follow-up with the client for collections of receivables on monthly basis and help
the receivable team in resolving disputes (if any).
• Prepare a consolidate list of all outstanding invoices (after the month close) with
details of their status and the reason for disputes / disagreements, if any.
• Submit invoices thru Aramco Electronic Service Verification system.
Reconciliation is done on weekly
basis contract departments in production area.

Company industry:
Oil & Gas

Senior Management Accountant

January 2001 - January 2004

OZEST

Khobar, Saudi Arabia

January 2001 - January 2004

• Making entries and prepare in computerized registration DELTA 7.7 program
• Preparing computerized general journal. and General ledger.
• Preparing adjustment entries before closing (if any)..
• Handling fixed assets
• Preparing financial statements.
• Preparing monthly cash flow and reported for variances analyses.
• Preparing annual budget on quarterly basis
• Preparing monthly payroll.
• Looking after total in charge & welfare of the employees.
• Have good practical experience in Saudi labor law
• Making Financial variance analyses
• Supervises and mentors accounting staff to have a correct and smooth
monthly closing

Company industry:
Oil & Gas

Education

KPMG

February 2005

February 2005

Bachelor's degree, CMA

Saudi Arabia

Zagazig University

September 1998

September 1998

Bachelor's degree, Banking And Finance

Egypt

Zagazig University

January 1997

January 1997

Master's degree, Financial

Egypt

Languages

English

Beginner

Training and Certifications

Certifications
IFRS Course
CMA Course
Intermediate English level