Ali Salem CMA CFC IFRS

RESPONSIBILITIES:
As a financial controller, I am responsible for the administrative, financial, and risk management operation of the company. This includes the development of financial and operational strategies, and metrics tied to the formulated strategies and the ongoing development and monitoring of internal control system designed to preserve company assets and report accurate financial results and monitoring the company with the conversion to International financial reporting standards (IFRS). Major responsibilities have included:
• Manage day-to-day financial activities related to financial planning, cash management, treasury management reporting, and analysis functions.
• Prepare the organizational budgets and ensure the effectiveness of the financial control by continuously monitoring the business spending against the budgets.
• Prepare and maintain regular financial planning reports; Monthly profit and loss
forecast by divisions vs. budget.
• Complete analysis of financial results; Develop recommendations (strategic and tactical).
• Develop and execute analysis of various business initiatives (e.g., opening new operations, asset acquisition, new service launches).
• Develop and maintain the capital budget.
• Oversee cash flow planning and ensure availability of funds as needed.
• Oversee cash, investment, and asset management.
• Oversee financing strategies and activities, as well as banking relationships.
• Develop and utilize forward-looking, predictive models and activity-based financial
analysis to provide insight into the organization's operations and business plans
• Coordinate the development and monitoring of budgets.
• Develop financial business plans and forecasts.
• Engage to develop short-, medium-, and long-term financial plans and projections.
• Assist in the development of financial planning and analysis exercises/reports.
• Inventory and Receivables Management, oversee bank accounts, oversee payroll delivery and ensure accuracy and timeliness of remuneration and oversee Accounts Payable activities.
• Monitor LCs, Credit facilities, and banks relationships.
• Arranging the debt and equity financing.
• Prepare company financial plans.
• Introduce new methodologies and techniques for use in financial planning, budgeting, and cash forecasting activities in coordination with senior management.
• Inventory and Receivables Management.
• Participate in financial policies, process and procedures.
• Recommend any necessary procedure to enhance internal control environment.
• Conduct financial and cost analysis, pricing, key performance indicators, sales result, developing trends, capital expenditures analysis, variances reporting in terms of actual versus targets reports, deviation reports, company's actual performance compared to the business plans etc.
• Liaise with auditors to ensure appropriate monitoring and maintenance of company finances.
• Analyze the organization's revenues, liabilities, credit condition, and other financial indicators to forecast its short, medium, and long-term cash flow position.
• Evaluate and recommend investments, funding sources and other financial instruments that will meet these cash flow needs.
• Oversee employees benefit plans, with emphasis on the cost-effect benefits package. Negotiate with suppliers and vendors for the best terms that will lead to long-term financial benefits.
• Examine and evaluate the adequacy and effectiveness of internal control systems, management processes, and procedures.
• Develop and maintain a system of internal controls to safeguard the financial assets of the company.
• Make recommendations on procedures and systems being reviewed, report on the findings, recommendations and monitor management's response, and implementation.
• Responsible for and manage Zakat and Tax process and provide Zakat, Tax advice and liaise with Zakat authorities.

RESPONSIBILITIES:
As a senior auditor, I worked on external and internal audit for large companies, worked in financial and accounting advisory projects and ensure that the ZAKAT and income TAX are calculated correctly. Major responsibilities have included:
• Be the Lead executive on the audit engagements for a variety of clients and ensuring completion of audit procedures in a timely manner and to a high standard of quality.
• Managing, leading, coaching the audit team and providing them with the required improvements.
• Providing practical solutions to the clients for sophisticated accounting treatments.
• Understanding, documenting & reviewing business process, environment, accounting systems & internal controls.
• Report and present findings to the business, making recommendations for solutions and improvements to policies/procedures
• Identify audit risks & set the audit scope for fieldwork.
• Play in-charge of the audit engagements, assign tasks, manage audit team & monitor work progress.
• Draw final analytical conclusion on audit risk and reviewing the audit financial statements according to standards (IFRS, SOCPA or GAAP).
• Communicated & reported findings to engage senior managers, engagement directors, team leaders & clients' management.
• Compliance with deliverables & timescales, budgeting & monitoring the financial performance of projects & follow up on billings & collections.
• Be responsible for scheduling audits and assigning workloads, and financial reporting.
• Reviewing many of the major companies in the Kingdom of Saudi Arabia in various Fields and disciplines (service, construction, commercial, industrial, hotels and other).
• Participate in many special assignments, special reports, and investigation of fraud and due diligence reports for many companies.
• Lead internal audits for a diverse range of clients.