Ahmed Azab CMA CIA

Responsible for all core financial functions including day-to-day operations, budgeting, forecasting,
financial reporting, and compliance. for business portfolio with a total Annual turnover of SAR 1.3billion
include:
▪ Lead and manage a team of finance staff, providing guidance and mentorship.
▪ Assume overall responsibility for cross-team delivery within each Section (Record-to-Report, Procureto-
Pay, Order-to-Cash, Cash-and-Banking and Travel-and-Expenses).
▪ Manage the taxes calendar and submission with different external parties properly review tax
calculations including VAT, WHT.
▪ Work with the Collections and Procurement teams to ensure that DSO and DPO targets are achieved.
▪ Work with Credit team in timely collections, and in resolution of any disputes with the customers.
▪ Analyze business operations, trends, costs, revenues, financial commitments, competitors, and
obligations, across sectors as requested to support in decision-making.
▪ Monitor and ensure compliance with financial policies, procedures, and regulations.
▪ Led the development and implementation of comprehensive annual budgets, quarterly forecasts, and
long-term financial plans, achieving forecast accuracy and improving cost allocation efficiency.
▪ Developed and presented successful financial proposals for government and private sector tenders,
including projects with ARAMCO, SABIC, Universities and TGA, exceeding SAR 2.1billion. Aligned
financial models with project objectives and Local content achieving awarded tenders.
▪ Collaborated with cross-functional teams and business units to validate assumptions, consolidate data,
and ensure timely, data-driven insights for strategic decision-making.
▪ Engaged with Deloitte on numerous consulting and audit projects focused on validating and enhancing
financial models conduct in-depth assessments to ensure models' accuracy, reliability, and alignment
with industry standards.
▪ Partnered with external auditors from EY and KPMG leading annual audit process.
▪ Implementing and aligning with IFRS standards (IFRS full implementation).
▪ Ensuring accurate compliance and financial reporting with financing facilities covenants, regulatory
standards and minimizing discrepancies (Bank Covenants and Local Content)
▪ Produce monthly detailed analysis reports for revenue and expenses.
▪ Prepare monthly/quarterly financial statement (Consolidation, Income statements, balance sheet, cash
flow).
▪ Prepare regular financial reports, management dashboards, and presentations for senior leadership,
highlighting key trends, risks, and opportunities.

Led the implementation and transition to Odoo software, optimizing financial processes, enhancing
reporting efficiency, and improving overall system integration.
▪ Lead the budgeting and forecasting process. Complete P&L forecasts are done multiple times in the
year with a monthly forecast done as well for certain businesses with seasonal fluctuations.
▪ Liaising with Finance Directors of global entities to understand monthly variances, forecast for the next
month and the underlying results of the business.
▪ Manage other reporting such as trading and margin performance, process improvements to P&L and
cash flow preparation and presentation, including automation of data integration.
▪ Providing comprehensive graphical analysis by division and by P&L lines to monitor performance and
present KPIs.
▪ Budgeting and forecasting for all costs including manpower spend, timesheets, software licenses,
support costs and CAPEX/OPEX distributions.
▪ Identify and communicate financial insights and implications to relevant stakeholders.
▪ Produce monthly detailed analysis reports for revenue and expenses.
▪ prepares a monthly/quarterly financial statement (income statements, balance sheet, cash flow).
▪ Conduct profitability analysis, return on investment (ROI) assessments, and other financial evaluations
to drive operational efficiency and effectiveness.
▪ Analyze financial and operational results to better understand company performance.
▪ Continuously assess and enhance FP&A processes, systems, and tools to streamline workflows, improve
efficiency, and enhance data accuracy.

▪ Managed A/R (Invoicing-Credit & Debit Note- Collection- Confirmation- Aging Analysis).
▪ Managed A/P Review payable aging for each month (Accrual- Payment & Aging Analysis).
▪ Oversaw, maintained, and reconciled all general ledger accounts of three subsidiaries.
▪ Develop petty cash procedures that decrease expenses by 15% at least.
▪ Ensure all financial reporting deadlines are met & yearly closing and physical count.
▪ Assisted with interim and annual internal and external audits.
▪ Managing Fixed Assets & Related Issues (Annual Count, Reporting, Posting, Depreciation).
▪ Provide the necessary Support to decision-makers and top management.
▪ Measure the performance of the company and departments by financial indicators.
▪ Participates in the preparation, evaluation and maintenance of budgets and budgetary controls.
▪ Assist in the preparation of monthly management reports including Budget vs. Actual variance.
▪ Responds to financial inquiries by gathering, analyzing, summarizing, and interpreting data.
▪ Ensure all financial reporting deadlines are met & yearly closing and physical count.
▪ Review aging schedules of receivables and payable; making investigation of abnormal problems and
recommend remedial action.
▪ Prepare cash flow forecasting monthly.
▪ Contributing to the development of new or amended accounting systems, programs, and procedures.
▪ Assessing internal controls, including risk assessments and reviews of risk areas.

Performed audit services to businesses in different sectors such as Higher Education, Manufacturing, Food
Industry, Health care, Construction, and Investment services.
Exposed to a variety of industries and business models that increased understanding of how businesses
operate.
▪ Assist in planning and executing external audits for clients across various industries.
▪ Perform risk assessments and evaluate internal controls to identify potential areas of improvement.
▪ Conduct substantive testing of financial statements, including revenue, expenses, assets, and liabilities.
▪ Analyze financial data, reconcile accounts, and verify supporting documentation.
▪ Ensure compliance with IFRS, GAAP, and relevant regulatory standards.
▪ Prepare detailed audit workpapers and document findings in line with firm policies.
▪ Assist in drafting audit reports and financial statements.
▪ Communicate effectively with clients to gather financial information and resolve queries.
▪ Work closely with senior auditors and managers to meet audit deadlines.
▪ Stay updated on accounting standards and audit methodologies.