HANI MUSTAFA RASHAD HUSSEIN

Reviewed and approved daily financial transactions and lead the month-end closing process.
 Consolidate and present monthly financial statements across 4 companies within the industrial & construction cluster.
 Lead the annual budgeting process during Q4 for the upcoming fiscal year, with ongoing monitoring and periodic updates to accommodate
variation orders, while preserving bottom-line profitability.
 Lead pre-bid rigorous financial analysis & precise costing for under-bidding projects prior to tender submission, striking an optimal
balance between company profitability targets and competitive edge to maximize win probability.
 Develop forecasted P&L, cash flow and milestone-based timelines for newly awarded projects, conducting periodic variance analysis
comparing planned BOQ vs. actual progress to identify and address deviations early, driving timely corrective actions.
 Ensure project-level revenue recognition aligns with planned execution timelines by closely monitoring the percentage of completion (POC).
Restructured finance functions across 4 companies by developing and implementing robust accounting policies, resulting in improved
operational efficiency, strengthened internal controls, and enhanced financial reporting accuracy.
 Reduced the monthly closing timeline by 50%, from 15 to one week, including a full package of comparisons and analysis reports, enabling
faster access to financial results and supporting timely decision-making.
 Successfully secured banking facilities of up to SAR 100M per bank at negotiated competitive interest rates to finance pipeline projects,
across multiple entities \{local & foreign\} including Riyad Bank, ENBD, and BBK, covering a full range of banking products \{supplier &
subcontractor payments (DPS), bid bonds (BB), advance payment guarantees (APG), performance bonds (PB), Retention Guarantee (RG),
and letters of credit (LC)\}.
 Successfully secured financing SAR 100M from the Saudi Industrial Development Fund (SIDF) to upgrade Jawdah Cables Factory,
increasing production capacity through the acquisition of the latest manufacturing machinery to improve operational efficiency and
enhance bottom-line profitability.
 Improved cash flow and working capital efficiency by:
• Rebalanced the credit position between A/R & A/P by restructuring credit terms.
• Supported operations by achieving greater treasury flexibility, ensuring timely procurement of project materials, resulting in project milestones
being completed ahead of schedule.
• Maintained minimum raw material inventory levels (reorder points), ensuring continuous production without interruptions.
• Recovered 77% of long-outstanding receivables including legal cases, and implemented Robust credit control policies to prevent recurrence.

o Review, establish and update the company's financial
policies & procedures.
o Supervise daily accounting transactions, as AP/AR/GL, etc.
o Oversee the financial dept. team, Assigning work tasks,
and evaluate their performance.
o Forecasting & preparing the annual budget.
o Prepare monthly financial position by cost center.
o Manage the cash flow required.
o Comparing the actual investigator against the budget,
and analysis of variances.
o Mack sure the cycle of costing the products is correct.
o Pricing the company products based on break-even
point and market prices.
o Prepare financial statements in accordance with GAAP
& IFRS disclosure requirements.
o Track the company's financial status and performance
to identify possible areas for improvement.
o Seek out methods to avoid the company's financial
risks.
o Stay up to date with technological advances and
accounting software to be used for financial purposes.

• Create a full accounting System for A New Company in the group.
• Create a Chart of Accounts that is suitable for industrial Companies and the account Program.
• Review, establish and update the company financial policies & procedures.
• Create a chart of accounts & material tree commensurate with Industrial Companies.
• Preparing a documentary cycle of the financial department, warehousing, procurement, sales, and HR.
• Mack sure the cycle of costing the products is correct (direct & indirect cost)
• Preparing the Budget, annual production & sales plan, and manage the cash flow required.
• Comparing investigator against the budget, and Analysis of Deviations.
• Preparing Sales Target for Showrooms and Branches.
• Preparing periodic financial statements, and give advice, and guidance for management.
• Pricing of the company products based on the categories costs, Break-Even point, and market prices.
• Control Provisions Warehouses, Showrooms, and Branches by closing all possible gaps.

• Review daily transactions such as treasury, banks, assets, accounts receivable, accounts payable, prepaid and accrued expenses, loans, affiliates, warehouses, and many others.
• Review monthly payroll through full knowledge about labor law, such as GOSI, EOS, Resignation, termination, vacation allowance, and others.
• Prepare Collection, Over Due and aging Reports.
• Prepare Sales Reports (daily, weekly, monthly, quarterly and annual comparisons).
• Review, establish and update the company expenses policy.
• Sharing in preparation of the company financial statements.
• Sharing in preparation of the estimated budget, the annual production & sales plans, and the cash flow.