غسان nashi

o Establishing an independent accounts department for MAAD Company (independent from Muthmerah Holding Company.)
o Preparing policies, procedures, and job description for each employee of the finance department.
o Arranging for funds necessary to finance the MAAD project.
o Liaising with the banks and providing the necessary documents in order to get the necessary loans, by preparing the financial model for the project, and all the necessary documents needed to get the loans from the financial institutions.
o Managing the finance of the company and ensuring that the sufficient resources are available to run the operations of the company
o Preparing Monthly management accounts on a monthly basis, with commentary on the cash flow variation from month to month and variation between the cash flow projection and the actual monthly cash flows.
o Preparing monthly cash flow projection through Direct Cash flow forecasts method (DCFF).
o Preparing the yearly budget for the company.
o Preparing a reforecast every three months updating the budget, comparing actual results with budgets and justifying any variances.
o Preparing quarterly packages every three months (full set of IFRS financial statements)
o Providing reports customized upon the request of the board of directors, facilitate strategic decision-making.
o Providing financial consultation to the CEO and the board of directors on all inquiries related regarding financial affairs.
Achievements:
o Succeeded in getting the financing from the financing institutions with amounts exceeding 1.3 Billion SAR.
o Established and independent finance department successfully.
o Conversion of the company to PSC.
o Prepared a business model for the next 15 years.

• Secure and manage SAR 2.6+ billion in project financing for a landmark hospitality development,
structuring long-term capital to support the project.
• Lead finance strategy, treasury, corporate reporting, financial modelling, and Board reporting; direct IPO
readiness and long-term strategic planning.
• Negotiate major commercial and hospitality agreements; built and transformed the finance function.

Air Liquide Industrial Gases February 2011 - till now.
Chief Financial Officer CFO
o Managing cash flows of the company.
o Preparing management accounts on a monthly basis, with analysis of month to month balances variation, including balance sheet, Income statement, retained earnings and cash flows.
o Preparing policies and procedures and job description for each employee of the finance department employees.
o Providing reports customised upon the request of the board of directors, facilitate strategic decision-making.
o Organising Inventory physical verification.
o Implemented a system for credit control, and controlling debt collection.
o Responsible for the finance of the company Liaising between departments of the company to prepare to prepare the operational budget. Preparing the capital budget on a yearly basis and updating the budget on a monthly basis comparing actual results with budgets and justifying any variances.
o Managing the finance of the company and ensuring that the sufficient resources are available to meet the cash outflow of the group.

o Accounting records have been audited in a short period of time and adjustments posted into the accounting records with a value exceeding 7 Million SAR.
o Managed the accounting of three branches (Riyadh, Dammam and Jeddah) effectively and efficiently.
o Reduced the working capital value by 40%.
o Reduced the DSO from 195 days to 30%.

• Held full CFO responsibility for a Riyadh-based industrial-gases operating company; reduced DSO and
improved working capital.
• Strengthened financial controls and forecasting; led budgeting and IFRS reporting.

Al Marwan Group of Companies September 2007 - January 2011.
Group finance manager
o Managing cash flows for a group of 8 companies.
o Preparing management accounts on a monthly basis, with analysis of month to month balances variation, including balance sheet, Income statement, retained earnings and cash flows.
o Preparing policies and procedures and job description for each employee of the finance department 37 employees.
o Providing reports customised upon the request of the chairman, facilitate strategic decision-making.


o Organising fixed assets physical verification.
o Organising Inventory physical verification.
o Implemented a system for credit control, and controlling debt collection.
o Responsible for the finance of the group of eight companies Liaising between departments of the group to prepare to prepare the operational budget. Preparing the capital budget on a yearly basis and updating the budget on a monthly basis comparing actual results with budgets and justifying any variances.
o Managing the finance of the group and ensuring that the sufficient resources are available to meet the cash outflow of the group.
o Studying the internal control of the group, implementing changes in internal control system.

o The GM of the group has resigned shortly after my joining date and I was acting general manager of the group reporting directly to the owner.
o Implemented a new system in the group (profit software), and replaced of the old software (fox pro)
o Prepared policy and procedures in the finance department and implemented it successfully.
o New finance resources have been obtained for the group.
o Bank interest reduced by 60%.
o Reduced the number of employees in the finance department from 37 to 24.
o Implemented the budget system for the first time in the group.

• Managed finance for the groups general contracting operations across Dubai and Sharjah, improving
cash management and operational reporting.

Ermst & Young Dubai October 2006 - September 2007
Senior Auditor
Responsible for audits representing different sizes and types of industries and businesses including manufacturing companies, Major clients:.
o Bonyan group of companies, Supervised a team of auditors, reviewed their works and finalized the consolidation, assuming ultimate responsibilities of the audit in front of audit executive manager and the clients finance CEO. Major achievements, Identified misstatements and posted adjustments of 16 Million Dirhams.
o Audit of Daman Securities, Senior in charge of the audit, Major achievements, identified misstatements of 11 Million Dirhams and posted adjustment to correct the financials.
o Senior in charge of Gulf Drug Establishment. A group of 7 companies Supervised a team of 7 auditors and prepared the final consolidation. Major achievements, reduced the cost of the audit by 75% compared to last year audit cost.
o Evaluating the clients Business Environment and Internal Control Systems.
o Understanding and documenting the Design of the internal control systems.
o Testing the implementation of the internal control system.
o Testing the operating effectiveness of the business cycles.
o Evaluation of internal controls and providing management with recommendations for improvements through management letter points.
o Tailoring the Audit Programs to Perform the Audit through a Walkthrough and Substantive Audit Procedures according to the firms audit approach manuals.
o Managing the Audit Engagement and supervising the field staff accountants.
o Planning the Audit Timetable and Meeting up with the Budgeted Hours.
o Preparing a comparison between actual and budget and providing justifications in case of variances between the budgeted and actual time spent on the engagement.
o Evaluate and prepare the overall performance evaluation to the assisting staff.

• Led audit engagements within the Assurance and Advisory Business Services division.

• Supervised audit engagements for major UAE clients across insurance, trading, commercial,
manufacturing, and services sectors, leading teams and on-the-job training within set budgets.
• Completed an internal transfer to Deloittes Toronto office, performing assurance and advisory
engagements in the Canadian market.

Senior Auditor, Canada (2005 - 2006)
Responsible for audits representing mainly insurance companies, mutual funds, and various financial industries. The audit assignments included strategic audit planning, execution, and review of assignments pertaining to: o Understanding the Client Business.
o Preparing budgets.
o Planning and coordinating all phases of the audit engagements, including staffing and supervision of audit teams.
o Developed a strategy of audit work to be performed through programs based on firm policy, which included determining the amount and the timing of work to be performed
o Evaluating the clients Business Environment and Internal Control Systems.
o Understanding and documenting the Design of the internal control systems.
o Testing the implementation of the internal control system.
o Testing the operating effectiveness of the business cycles.
o Evaluation of internal controls and providing management with recommendations for improvements through management letter points.
o Tailoring the Audit Programs to Perform the Audit through a Walkthrough and Substantive Audit Procedures according to the firms audit approach manuals.
o Managing the Audit Engagement and supervising the field staff accountants.


Deloitte & Touche LLP. - continued 2000 - 2006

Senior Auditor, Canada (2005 - 2006)
o Planning the Audit Timetable and Meeting up with the Budgeted Hours.
o Preparing a comparison between actual and budget and providing justifications in case of variances between the budgeted and actual time spent on the engagement.
o Evaluate and prepare the overall performance evaluation to the assisting staff.
o Reviewing the audited Financial Statements and Footnotes disclosures.
o Preparing the audit report.

Experienced Senior Auditor, Abu Dhabi, (2000 - 2005)
Responsible for audits representing different sizes and types of industries and businesses including Manufacturing companies, Trading companies, Insurance Companies, Service Organizations and educational institutions. Examples of Companies that I audited in Abu Dhabi were namely, Al Jaber
Group of companies, Al Fahim Group of companies. The audit assignments included different types of accounting and internal control systems. Primary audit responsibilities included strategic audit planning, execution, supervision and revision of multifarious assignments pertaining to:
o Understanding and documenting the Design of the internal control systems.
o Planning and coordinating all phases of the audit engagements, including staffing and supervision of audit teams.
o Developed a strategy of audit work to be performed through programs based on firm policy, which included determining the amount and the timing of work to be performed.
o Evaluating the clients Business Environment and Internal Control Systems.
o Study and evaluation of internal controls with recommendations for improvements.
o Tailoring the Audit Programs to Perform the Audit through a Walkthrough and Substantive Audit Procedures.
o Managing the Audit Engagement.


o Planning the Audit Timetable and Meeting up with the Budgeted Hours.
o Evaluate and prepare the overall performance evaluation to assisting staff.
o Drafting the Audited Financial Statements and Footnotes disclosures.
o Preparing the audit report.
o Managed a special assignment for one Shipping company which resulted in identifying a Fraud of DHS 8, 500, 000.
o Conducted a special assignment for one restaurant in Dubai. Identified a Fraud and forgery in the sales invoices.

• Prepared financial statements and supported audit assignments for a portfolio of client companies while
completing university studies.

Aman (audit and accounting firm) Beirut - Lebanon 1995 - 2000
Auditor (1998 - 2000)
Overall responsibilities include the following: Auditing prepared financial statements.
o Analyzing financial data and presented reports.
o Supervising the junior auditors, the part time college students.
o Drafting the Audited Financial Statements and Footnotes disclosures and audit reports.

Accountant (1995- 1997 part time)
Overall responsibilities included the following: o Direct contact with companies managements.
o Summarising and classification of accounting information beginning from the supporting documents brought from the companies.
o Posting the accounting data into the accounting system.
o Preparing reconciliations, (monthly banks reconciliations, accounts receivables and accounts payable reconciliations)
o Generating Trial balance and Drafting the Financial Statements and Footnotes disclosures.
o Preparing the audit report.
o Answering the inquiries of the audit team.