Ahmed Raafat, financial controller assistant

Ahmed Raafat

financial controller assistant

MACNA

Location
Saudi Arabia - Riyadh
Education
Bachelor's degree, accounting
Experience
11 years, 3 Months

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Work Experience

Total years of experience :11 years, 3 Months

financial controller assistant at MACNA
  • Saudi Arabia - Riyadh
  • My current job since November 2022

- Creating financial statements for clients as well as upper management
- Preparing monthly, quarterly and yearly financial reports
- Assisting Financial Managers with budgeting
- Ensuring all accounting practices are in compliance with legal guidelines and established accounting principles.
- Assisting with billing and tax documentation preparation
- Working with the company financial team to create internal controls and policies.
- Collaborating with the IT department to maintain financial records and system processes.
- Identifying solutions to discrepancies in financial records.

chief accountant at MACNA
  • Saudi Arabia - Jizan
  • October 2018 to November 2022

• Managed the full spectrum of financial and cost accounting involving AR, AP, GL, forecasting, and budgeting; led
the implementation of a proper allocation to reduce the budget variances by 20%.
• Developed project cost forecasts and budgets, overseeing cost tracking and monitoring activities to ensure
projects stayed within budget; identified and implemented cost-saving initiatives that resulted in a 20% reduction
in project expenses.
• Obligated to timely monthly financial statements, payments, and cash flow management reporting.
• Deliberated external audit preparations and ensured timely submission of required information; evolved the audit
timelines and accuracy, fostering a 30% reduction in audit-related discrepancies.

Senior accountant at The Maritime company for navigation - MACNA
  • Saudi Arabia - Jizan
  • February 2015 to September 2018

Applied a verification, allocation, posting, and reconciliation of accounts payable and receivable and Aging reports,
causing a 25% reduction in outstanding payments and improved collections.
• Analysed financial data to identify discrepancies and ensure error-free accounting reports, enabling the executive
team to make data-driven decisions and achieve a 15% increase in cost savings.
Key Achievements:
• Reviewed payroll process, eliminated inefficiencies, optimized, increased accuracy by 20%, and avoided
penalties and fines.
• Mentored and guided five recent graduates, equipping industry-specific knowledge and skills to kickstart thriving
careers; oversaw progress and development, resulting in a 25% increase in individual productivity.

accountant at Masar Almajed rent cat
  • Saudi Arabia - Jeddah
  • January 2013 to December 2014

• Established robust documentation for internal transactions, tracking and organizing data to facilitate seamless
retrieval and analysis; this initiative resulted in a 60% increase in operational efficiency and timing.
• Amortized the monthly prepaid expenses and booked the accruals entries.

Education

Bachelor's degree, accounting
  • at Faculty Of Commerce
  • May 2012

Faculty of commerce, Accounting section.

Specialties & Skills

Reconciliation
Microsoft Excel
Budgeting
Financial Statements
Accounting
Communications
Accounting
Financial statements
Analysis and Reports
Microsoft excel
Team leader
Microsoft Office
Power BI
Financial Accounting
Management

Languages

English
Expert
Arabic
Native Speaker

Training and Certifications

Integrated management system and auditing (Certificate)
Date Attended:
November 2020
Egypt ICT & Microsoft Corporation (Certificate)
Date Attended:
December 2012
Banking and Financial support services (Training)
Training Institute:
Zagazig University
Date Attended:
December 2009
Duration:
30 hours

Hobbies

  • Sports ( Swimming and Fitness)