محمود حسن عبد المعطي الوشاحي

- Management of day-to-day accounting operations and follow up on bookkeeping.
- Improve the Companys financial performance through enforcing day to day control of revenue, expenditures, invoicing and collection.
- Invoicing clients at the right timings.
- Follow-up invoices till collection before debtor days agreed with each client.
- PO issuing to third parties on the contracted jobs requested from the other department.
- Payments to the vendors as per the agreement.
- Processing the in advance requests, reconciliations and expenses approvals with responsibility for the treasury.
- Monitor and sustain working capital.
- Approval of new projects costing as per the agreed costing policy.
- Manage P&L of both projects and the company.
- Developing monthly, quarterly and annual financial statements, forecasts, budgets and cash flow plans.
- Analyze, prepare & discuss a wide spectrum of financial data in order to help the board and CEO decision making and strategic planning.
- Offer professional advice from the financial perspective to the board of directors for improving financial performance.
- Present each financial year the year assessment financially to the top management.
- Training the finance team.
- Dealing with Tax office through the Tax accountant including preparing the right forms and formats needed for tax submission and being the link between the company and the Tax accountant.
- Establish the companys finance and accounting SOP and forms needed for workflow and process automation.

• Direct end-to-end financial operations including accounting, treasury, budgeting, and
financial reporting.
• Manage working capital strategy to ensure optimal liquidity and operational stability.
• Oversee cash flow forecasting and implement liquidity optimization initiatives, improving
cash flow by 20%.
• Lead cost-control strategies, reducing operating expenses by 15% through supplier
renegotiation and payment process optimization.
• Implement enhanced financial reporting systems, reducing monthly closing cycle by 30%.
• Drive profitability initiatives, increasing operational profit by 25% through financial
analysis and performance monitoring.
• Approve project costing and evaluate financial feasibility aligned with company policy.
• Present annual financial performance reports and strategic recommendations to the Board
of Directors.
• Supervise vendor payments, reconciliations, and treasury transactions ensuring financial
accuracy and compliance.
• Coordinate with external tax consultants and regulatory authorities to ensure full tax
compliance.
• Develop and implement financial SOPs to strengthen internal controls and process
automation.
• Lead and mentor the finance team, enhancing productivity and accountability.

- Creating procedures and policies that ensure timely payments while maintaining a high level of customer retention. - Reconciling complex accounts that have been escalated from the AR team. - Ensure customers pay on time and chase any overdue invoices - Develop the credit-control system in collaboration with Sales, Marketing, Finance, and company executives. - Improve and implement debt collection processes when there are any overdue invoices or payments, and initiate legal procedures if necessary. - Maintaining customer profiles. - Obtains revenue by processing invoices; resolving missed payments; updating financial records; supervising staff. - Collects accounts by contacting customers individuals or businesses when payment is overdue; investigating circumstances of non-payment and re-negotiating repayment plans if people are in financial difficulties. - Visiting debtors to collect missed or late payments. - Stop shipping to customers if they are exceeding their credit limits. - Starting legal proceedings if debts are not paid within an agreed time. - Verify credit application forms of new customers to establish credit worthiness of the company. - Calculating cost of contracts of the key account customers. - Setting monthly credit meetings and bad debts approvals. - Meets accounts receivable financial standards by providing annual accounts receivable budget information; monitoring expenditures; identifying variances; implementing corrective actions - Maintains accounting ledgers by posting Daily/monthly account transactions. - Responsible for the calculation of all customer dues based on the scheme of Customer targets & Key Account customer Contracts (Monthly /Quarterly / yearly). - Review credit check report and high balance report in addition to preparing daily credit customer reports. - Responsible for all promotion tracking on the system and guide the sales team to the right way to disburse these promotions & Offers based on our policies.

• Supervised accounting operations and financial reporting.
• Ensured regulatory compliance and managed internal controls.
• Reconciling complex accounts that have been escalated from the AR team.
• Ensure customers pay on time and chase any overdue invoices
• Develop the credit-control system in collaboration with Sales, Marketing, Finance, and
company executives.
• Maintaining customer profiles.
• Obtains revenue by processing invoices; resolving missed payments; updating financial
records; supervising staff.
• Stop shipping to customers if they are exceeding their credit limits.
• Verify credit application forms of new customers to establish credit worthiness of the
company.
• Calculating cost of contracts of the key account customers.
• Meets accounts receivable financial standards by providing annual accounts receivable
budget information; monitoring expenditures; identifying variances; implementing
corrective actions
• Maintains accounting ledgers by posting Daily/monthly account transactions.
• Responsible for the calculation of all customer dues based on the scheme of Customer
targets & Key Account customer Contracts (Monthly /Quarterly / yearly).

Top Experience in Treasury:

- In depth knowledge of daily cash management processes
- Treasury operations experience including Money Market
- Knowledge of payment systems and processes including SWIFT and BACS/ACH
- Reconciliations and investigations experience
- An understanding of Futures and Options
- Ability to work to deadlines, a high level of accuracy and attention to detail
- Ability to work in pressurized situations, prioritizing workload
- Good communications skills to deal with both internal and external contact
- Knowledge of Security Movements
- Ability to coordinate and negotiate with banks in best favour of the company regarding Financing.
- Ability to generate different types of reporting to help in good decision making.

   

Credit Officer:   
From Jun - 2015
To     Aug - 2016

- Review loan requests
- Monitor accounts to identify outstanding debts 
- Assess clients’ financial status 
- Evaluate creditworthiness and risks 
- Contact clients to gather financial data and documentation 
- Analyze risks and approve or reject loan requests 
- Calculate financial ratios (SAIBOR, LIBOR, Repo, Reverse Repo) 
- Set up payment plans 
- Maintain updated records of loan applications 
- Follow up with clients about loan renewals 
- Monitor progress of existing loans 

Contingent liabilities:   
From Aug - 2016
To      Jun - 2017

- Issuance of bank guarantees (Advance payment, Bid Bond, Financial Guarantee and Performance Guarantee). 
- Amend bank guarantees in terms of value, extend their history or reduce their value. 
- Cancellation of bank guarantees.  
- Follow-up support for the acknowledgment of the performance bond and the release of guarantees. 
- Maintain an effective and efficient flow of import orders to include compliance with policies and procedures including necessary testing and audits. 
- Ensure shipping documents are in good order and match the purchase order and Letter of Credit before Broker submits entry. 
- Review and approve purchase orders; contact internal and external business partners for extra information as required. 
- Process Letter of Credit applications and amendments in a timely matter. 
- Review and validate Import transaction file as well as maintain record keeping in Excel spreadsheets and related databases 
- Refinancing For LC (LCR) 

Treasury Section Head
From Jun - 2017
To      Sep 2019

- Follow up all bank accounts. 
- Answer any bank inquiries for Annual Review requirements. 
- Review and renew banking facilities. 
- Follow-up of collections on projects submitted to banks. 
- Review the projects status report.

• Managed daily cash positioning and liquidity planning to ensure optimal utilization of
funds across multiple business units.
• Developed short- and medium-term cash flow forecasting models to support strategic
funding decisions.
• Negotiated and maintained strong banking relationships, securing favorable financing
terms and credit facilities.
• Administered debt facilities, loan restructuring, and refinancing arrangements (including
LC refinancing - LCR).
• Oversaw issuance, amendment, and cancellation of bank guarantees (Performance Bonds,
Advance Payment Guarantees, Bid Bonds).
• Managed Letters of Credit (LC) lifecycle including application, amendments, compliance
review, and documentation validation.
• Monitored FX exposure and supported hedging decisions to minimize financial risk.
• Prepared executive-level treasury and risk reports for senior management and board
members.
• Ensured compliance with internal controls, corporate treasury policies, and banking
regulations.
• Improved cash visibility and control processes, enhancing funding efficiency and reducing
financial risk exposure.
• Managed banking facilities exceeding SAR 500M and successfully negotiated improved
credit terms, reducing overall financing costs and strengthening liquidity position.

- Process accounts and incoming payments in compliance with financial policies and procedures
- Perform day to day financial transactions, including verifying, classifying, computing, posting and recording accounts receivables’ data
- Prepare bills, invoices and bank deposits
- Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted.
- Verify discrepancies by and resolve clients’ billing issues
- Facilitate payment of invoices due by sending bill reminders and contacting clients
- Generate financial statements and reports detailing accounts receivable status

• Managed accounts receivable, reconciliations, and financial reporting.
• Assisted in closing monthly financial statements.
• Perform day to day financial transactions, including verifying, classifying, computing,
posting and recording accounts receivables data
• Prepare bills, invoices and bank deposits
• Reconcile the accounts receivable ledger to ensure that all payments are accounted for
and properly posted.
• Verify discrepancies by and resolve clients billing issues
• Facilitate payment of invoices due by sending bill reminders and contacting clients
• Generate financial statements and reports detailing accounts receivable status