Ahmed Samir

Achievements:

• Comprehensive remodeling of the budget process/templates to ensure effective controls in place.
• Increase the utilization of ERP system by automating reports and add more customizations to suit the company business needs.

Key Accountabilities:

Responsible for leading the finance/accounting function and team and providing strategic direction and oversight of front-end revenue cycle work processes and outcomes.
Supervise budget development, financial reporting, and systems management, as well as finance staff, while driving business processes to improve efficiency and meet organizational goals.

Key Activities:

• Lead, manage, the preparation of company budget, and subsequent required controls.
• Developing and maintaining accounting policies and procedures and ensuring effective controls are in place.
• Lead the preparation and audit of consolidated quarterly & yearly financial statements.
• Key role in developing the company’s business plan.
• Manage filings of the company’s tax & Zakat and any related examination or dispute.
• Lead the entire finance operation team, which is responsible for Accounts Payable, Accounts Receivable, GL (General ledger), Fixed Assets, and budgeting & reporting activities.
• Track and analyze financial results for all projects and provide support to project leaders to resolve any financial issues

Key Accountabilities:

Leading the accounting operations of the entire group (15 professionals) along with the compliance required related to zakat and tax regulations. Continually identifying the best practices to optimize operations and streamline the processes within the finance department.

Key Activities:

• Develop the company business plan based on the overall strategy.
• Develop the yearly budget and monitor the variance and advise on corrective actions.
• Review, present the monthly performance results and forecasts to the ExCom.
• Lead and review of quarterly and annual financial statements of the entire group.
• Ensure PIF regular reporting is provided in a timely manner.
• Manage and oversee all the activities of the AP and FA team.
• Manage and oversee all the activities of the project accounting team.
• Manage and oversee all the activities of the GL team.
• Ensure proper internal controls are in place and effectively applied on all financial transactions in accordance with company policy and procedures.

Key Accountabilities:

Develop and maintain all necessary financial controls, systems, and processes to ensure the efficient and effective management of the company’s finances and compliance with statutory requirements.
Formulating sound financial strategies, implementing proper internal controls, achieving organizational targets, and developing financial plans that support organizational strategy.

Key Activities:

• Manage and oversee the daily operations of all Head office finance operation that include the following activities:
Securitization, insurance, payments, payroll, related party transactions, fixed assets, Zakat filling, Cash flow forecasting and managing short term investments.
• Establish and enforce proper accounting methods, policies and principles that assure the right implementation of IFRS.
• Ensure that effective controls are in place and ensure compliance with financial procedures and SAMA regulations.
• Ensure identification and implementation of best practice to make the company’s financial processes and controls more efficient and effective.
• Manage internal/ external audit, ensuring timetables are met and fully compliant with organization’s policies and procedures.
• Supervise the general ledger & AP & AR modules to ensure all financial reporting deadlines are met.

Selected contributions:

• Full ownership of the accounting process of factorization of receivables.
• Assess the adequacy, maintain and analyze the allowance for doubtful accounts in conformity with Group policies, IFRS.
• Interact with other units to ensure risk management procedures are followed and document and regulatory requirements are satisfied.
• Provide analytical support to assist in the financing decision-making process, including modeling the liquidity and P&L impacts of different financing alternatives.
• Key role in audit and advisory engagements related to the factorization of receivables and any other financing activities.
• Perform and manage due diligence tie out procedures on disposal of receivables such as preparing cash flows, review the agreements, ensure the financial feasibility of undertaking the deal.

• Automated The Budgeting Process on Excel using VBA and advanced financial modeling techniques.
• Led the accounting change from operational lease to Finance Lease, helped to fully comply with IAS17 requirements, and currently, work on complying with IFRS 16.
• Accelerated the quarterly audit, review process, and decreased inspection time by 40% by automating external audit requirements.
• Prepare the Company budgeted financial statements in accordance with each division requirements and plans.
• Develop monthly and yearly financial forecasts for the CEO office.
• Key role in preparing company quarter and annual financial statements in accordance with International Financial Reporting Standards (IFRS) and variance analysis.
• Provide company directors and CFO with insightful, accurate and timely financial reports, interpretations and performance KPIs, while recommending actions.

Regional operational manager


Achieved cost saving by 35% by minimizing deviations from budget and improve inventory turnover and reduce wastage.

Selected contributions:
•Prepare variance analysis for food & beverage and communicating / discussing with F&B manager.
•Produce food and beverage control reports monthly to show the average food cost and make sure it is aligned with the budget.
•Spot check on the receiving department to ensure that the scales are correct and ‎goods are checked for quality.‎
•Computing profits or losses on food and beverage items daily after confirming the amount and cost of items purchased and sold.
•Pricing menus or change the prices of certain items based on the updated cost.
•Control wastage, staff meal, breakage and all items that affect food cost.

Prepare financial records and reports for property sales
- Record development expenses, operational costs
- Prepare accounts receivable agings for delinquencies
- Calculates and enters monthly contract item accruals such as security and utility expenses to match expenses to period incurred
- processing of Contractors payment applications, Consultant Invoices, confirming subcontractor billing, and process for timely payment.