Managing Partner
.ALMajed and ALEnzi CPA
Total years of experience :17 years, 10 Months
Co-Fouder - Managing Partner (JULY 2016 Present)
Certified company: Independent Member of Morison KSI representing a diverse client base in a variety of industries.
Managing audit, tax, vat, zakat and government contracts, and providing appropriate services to meet client
expectations.
Manage and supervise the Plan and engagements of audit & tax & vat & zakat and goverment contracts. Understand client business and provide appropriate services to meet clients expectations.
Assigned as Financial Advisor with AL MANAIL HOLDING COMPANY (DEC 2017-AUG 2021) Responsibilities (Scope Of Work):
plan, organize, implement, direct and develop the company’s fiscal function and performance
Provide Financial Advice to the Board for the Current and Future Business and Financial Plan.
Maintain and improve the profitability of the company through strict revenue and cost controls
procedures as well as safeguarding of the company assets.
Reviewing a policies and procedures and recommends/makes necessary changes to ensure
efficient and effective flow of the processes within the Company.
Oversee the financial operations of the group’s subsidiaries and direct and align the financial
policies.
Perform risk management through analyzing the group’s assets and liabilities.
Direct and supervise cash managements activities
Conduct meaningful proactive analysis to improve key business decisions
Assist in formulating the group’s strategy and supporting the board decisions
Managing and supervising the preparation of the financial reports and relevant analytics on
quarterly and annually basis.
Managing, directing and reviewing the financial statements Consolidation processes.
Managing and supervising any reports and scenarios required by the Board of director's.
Organize and maintain the department at the highest level of financial Control.
Maintain and improve the profitability of the company through strict revenue and cost
controls procedures as well as safeguarding of the company assets
Handled cash flow, financial planning, and cash management.
Planned, directed and developed fiscal function and performance.
Managed and maintained the highest level of financial control.
Supervised preparation of financial reports and relevant analytics on a quarterly and annual basis.
Rajhi-InvestCompany - (April 2012 -July2016)
Mohammed Abdul-AzizAl Rajhi Group has been in existence from last 60 years with significant involvement in Saudi
economy. Group is involved in multi asset class investment of Equities, Real Estate (Local & Global), Hotel & Tourism,
Commodities, Private Equity & Fixed Income. Asset under management is in the range of SAR 15 Billion (Approx. USD
4Billion).
Executive Director of Strategy & Risk, 09/2015 to 07/2016
Worked with CEO & CFO to develop a 5-year strategic plan.
Managed the business plan, ensuring alignment to the strategy.
Provided financial advice on business and financial planning.
Assisted with financial restriction, asset allocation and developing delegation of authority.
Managed the development and improvement of policies and procedure.
Mohammed Abdulaziz Al Rajhi Group has been in existence from last 60 years with significant involvement in Saudi economy. Group is involved in multi asset class investment of “Equities”, “Real Estate (Local & Global)”, “Hotel & Tourism”, “Commodities”, “Private Equity” & “Fixed Income”. Asset under management is in the range of SAR 15 Billion (Approx. USD 4 Billion).
Group Financial Analysis & Reporting Manager, 01/2014 to 08/2015
Responsibilities:
Managed preparation of the annual budget and simulation of the financial strategy.
Supervised execution of the finance department's approved plans.
Provided advice on the business and financial plan to the CFO & CEO.
Supervised and reviewed financial statements and the consolidation processes.
Prepare cash flow projections and managed the monthly forecasting.
Carried out analysis for loan compliance and for property/corporate planning.
Prepared accurate financial reports for executive management team.
Managed preparation of quarterly performance assessment reports for holding company and subsidiaries.
Oversaw variance/ratio analysis and assessed compliance with loan covenants.
Managed relationships with internal and external auditors.
Worked with investment department to assess investment opportunities
Mohammed Abdulaziz Al Rajhi Group has been in existence from last 60 years with significant involvement in Saudi economy. Group is involved in multi asset class investment of “Equities”, “Real Estate (Local & Global)”, “Hotel & Tourism”, “Commodities”, “Private Equity” & “Fixed Income”. Asset under management is in the range of SAR 11 Billion (Approx. USD 3 Billion).
Maintained full responsibility for all aspects of accounting and financial management Provided consultative support to planning initiatives through financial and management information analyses, reports, and recommendations Evaluated cash flow, cost controls, and expenses to guide business leaders Analyzed financial statements and identified potential weak areas. Supervised the auditing process including preparation of financial documents and communication with external auditors Presented compliance reports to the lenders including local and international banks. Generated financial reports for Zakat returns and regulatory bodies executed all aspects of cash flow management, investment management, and treasury management ensured the accuracy of cash flow projections and the availability of cash to meet ongoing requirements Raised capital in collaboration with banks.
Supervise all financial matters and administrative head office and branches (hotels).
Tasks and Responsibilities:
•Supervision and management of the three financial and administrative departments.
•Ensure compliance with company policies, legal and tax complicnce.
•Provide Financial Advice to the CEO for the Current and Future Business and Financial Plan.
•Managed the financial statement according to law and with Saudi Accounting & Auditing Standards.
•Establish Professional Business relation with the Local bank and other Financial Institution to Analysis and restructuring the Current Credit Facility.
•Implement Internal Financial and Management Audit Procedure and establish Smooth relation with External Auditor.
•Managed the yearly Budget.
•Managed the monthly forecast.
•Make Internal Control System.
•Maintain Control over Income, expenses and assets of the hotel in compliance with policies and procedures as well as local requirements.
•Organize and maintain the department at the highest level of financial Control and audit standards.
•Maintain and improve the profitability of the hotel through strict revenue and cost controls procedures as well as safeguarding of the hotel assets. Ensure timely management information and reporting, meeting required deadlines. Provides the operation with the necessary cash needs to cover its commitments through proper collection and disbursements procedures of funds requests from the owners with whom he keeps a permanent line of communication in cash flow matters.
•management in implementing and supervising the operational Standards as the hotel internal rules and regulation.
•Describe the Standards procedures to be followed by each departments of the hotel in conducting their operation in order to implement these documents finance standards.
•Analyze the monthly financial reports to investigate unusual variation and to prepare comments to be attached to the reports.
•Prepared accurate and reliable financial reports for the executive management team, Board
Of Director, and shareholder that aided in business decision making - processes.
•Directed general ledger activity including account analysis and reconciliation, journal entry preparation, and closing.
•Ensured compliance with GAAP as well as accounting policies and procedures.
•treasury management ensured the accuracy of cash flow projections and the availability of cash to meet ongoing requirements Raised capital in collaboration with banks.
•Preparation of all financial reports including income statements, balance sheets, reports.
•Streamlined business processes and enhanced operational efficiency.
•Analyze the monthly financial reports to investigate unusual variation and to prepare comments to be attached to the reports.
•Supervised the auditing process including preparation of financial documents and communication with external auditors Presented compliance reports to the lenders including local and international banks.
•Ensure compliance with company policies, legal and tax compliance
•Ensure that all payments are approved and included in the cash flows
•Oversee the recording and posting process
•Submission monthly and quarterly reports to the high management
•Coordinating and communicating with local banks on daily basis
•Review and oversee the process of all payments.
•Supervise and verify and vostro and nostro accounts and reconcile it with the general ledger.
•Worked closely with treasury and the Money Transfer departments to solve the reconcile items.
•Prepared the monthly reports to the higher management.
•Worked for a short time in the payroll department.
•Provided auditing support that reviewed the financial statements for some Saudi companies.
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