Asem Alhzaimeh

Accomplishments:
• Instrumental in leading and delivering a world-class accounting, budgeting and reporting function at Al Masakin.
• Functioned as the analytical engine of the Company, proffered data-driven insights to support optimal financial business decisions of the Senior Management.
• Internal Controls Framework Expert, established internal control to meet statutory requirements. Executed and controlled technical accounting, budgeting, stakeholder management as well as risk management.

Responsibilities:
• Commanding/ Controlling the company’s accounting and finance function, ensuring company financial systems are robust, and compliant and support current activities and future growth.
• Establishing complete corporate finance architecture, creating a financial blueprint and aiding in achieving the company’s robust goals.
• Generating financial statements for external reporting - tax returns, regulatory filings, and stock offerings.
• Directing the accounting function, evaluating and managing risk, enforcing regulatory compliance, reviewing and publishing financial statements, analyzing financial data, monitoring expenditure and forecasting revenue.
• Preparing reports on company performance including profit and loss statements, balance sheets, and cash flow analyses. Generating key metric-driven analytical reports/ company’s Key performance indicators to support its short & long-term strategic directions.
• Nurturing synergistic working relationships with external stakeholders including auditors, regulators, attorneys as well as customers or suppliers.
• Leading internal audits to assess the effectiveness of internal controls and making recommendations where control improvements are needed.
• Superintending, mentoring and empowering a dynamic team of Accountants, to be of high caliber, recognizing and utilizing throughout the business as value-added business partners.

Accomplishments:
• Collated monthly, quarterly & yearly financial reports, and provided real-time visibility into performance across all business functions.
• Evolved the Financial Planning, Analysis & Reporting process to aid decision-making & alignment of business strategy.
• Served as a trusted advisor to the management and stakeholders on how the company and future business decisions might be impacted.

Responsibilities:
• Formulating sound financial strategies, implementing proper internal controls, achieving organizational targets, and developing financial plans that support organizational strategy.
• Collated, interpreted, and reviewed financial information. Provided forecast & variance analysis to identify areas of concern, and determine the difference between projected & actual results.
• Generated MIS reporting/dashboards/presentations for Sr. management to keep track of financial performance.
• Developing long-term business plans based on these reports. Engaged with Business Teams to understand trends in all areas of costs, expenses, and risks and suggested corrective measures.
• Owner of short- & long-term budgetary planning & cost management process, provided expert advice to senior management to ensure that budgets are on target & reflect the strategic direction of the company.
• Providing strategic recommendations on monthly variances, cash flow projections, feasibility analysis as well as minimizing financial risk.
• Managed statutory filings including monthly and annual VAT Zakat returns in compliance with ZATCA without delays.
• Enforced agreement with Tax, Treasury, and audit requirements. Led month-end and year-end closing process, consolidation & liaison for timely issuance of audit reports.

Responsibilities:
• Presided over day-to-day activities of the accounting department and responsible for its reporting systems and controls.
• Performed financial analysis and reporting to management. Provided strategic advice on the commercial allocation of scarce capital resources under prudential constraints.
• Partnered with the finance team to complete assigned accounting tasks within deadlines. Produced monthly dashboard reports for tracking key performance metrics including profitability and utilization
• Teamed up with IT to optimize computerized accounting systems thereby performance improvements.
• Subject matter expert, led budget planning including development of annual budgets, forecasting, variance analysis and reporting.
• Proficient in effective cash management, developing cash flow strategies, and implementing cash policies to ensure optimum availability of funds including funding requests as well as deployment of surplus funds.
• Liaised with External Auditors for audit planning and execution and facilitated their job with the required data.
• Conducted research to identify new accounting methods/procedures that could improve the efficiency or effectiveness of operations.

Responsibilities:
• Handled the full spectrum of financial accounting, consolidated year-end financial statement reporting and other management reports including bank/accounts reconciliations, cash flow statements and analysis.
• Administered payables and receivables management to maintain an effective cash cycle. Prepared monthly detailed cash flow, commentary and updated forecasts.
• Prepared letters of credit/loans and all transactions related to and recorded all journal entries related to LCs and loans.
• Prepared asset, liability, and capital account entries by compiling and analyzing account information.
• Summarized current financial status by collecting information; and preparing balance sheet, profit & loss statement, and other reports. Recommended financial actions by analyzing accounting options.
• Maintained financial security by enforcing improved internal controls.

Previous Professional Experiences:
• Feb 2010 - Nov 2012: Accountant, Albawadi for Travel and Tourism