Karam Shaaban, Fianance Manager

Karam Shaaban

Fianance Manager

Tanami Saudia General Contracting Company

Location
Saudi Arabia - Khobar
Education
Bachelor's degree, Bachelor's Degree in Commerce
Experience
16 years, 2 Months

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Work Experience

Total years of experience :16 years, 2 Months

Fianance Manager at Tanami Saudia General Contracting Company
  • Saudi Arabia - Khobar
  • July 2020 to December 2022

• Coordinated monthly closing and prepare management reports on results, plans, and forecasts.
• Analysed and forecasted financial requirements for the organization, including calculations and coordination of the annual budget and monthly rolling forecast.
• Served as a business partner to the organization in Saudi Arabia, providing support to management with ad hoc analysis.
• Ensured timely and accurate reporting, including assisting during statutory and internal audits.
• Supervised regular accounting processes, such as accounts payable and journal entries, plus monthly closure accounts.
• Developed budgetary plans for processes and prepare journal entries for subsidiary accounts.
• Managed and maintained finance-related programs and documents, including future plans and programs.
• Provided analysis, insight, and performance reporting to the customer, identifying key movements and operational drivers.
• Took the lead on process improvement in all tasks and manage the relationship with customers' suppliers.
• Prioritized and managed queries from the customers' internal business units.
• Trained, coached, and line-managed a team of 4 at varying stages of career development.

Finance Manager at ZADK Saudi Culinary Academy
  • Saudi Arabia - Khobar
  • June 2019 to June 2020

• Responsible for the preparation of monthly financial statements, budget, and quarterly forecasts, and completion of the reporting requirements
• Set up a comprehensive system for procurement, Provide training and monitoring
• Perform detailed analysis of accounts, prepare month-end reports, and presented findings to top level management
• Key in entries and maintain the company’s general ledger
• Conduct a review of the monthly Business Activity Statements and balance sheet reconciliations
• Provide supervision of the annual internal and external audits
• Responsible reviewing weekly accounts payable run and their authorization
• Responsible for creating all finance department’s policies, manuals, and procedures
• Prepared and submitted monthly management accounts in a timely manner
• Supervised all Sales Department employees and was responsible for the division’s overall management, coordination, and assessment
• Provided formal and informal training on financial concepts and systems to various team members
• Petty Cash and Expenses Management
• Provide VAT Returns Reports
• Managing DAFATER System and provide training sessions
• Payroll Review and Processing
• GOSI Processes Full Knowledge
• Bank Reconciliation

Senior Finance Officer at Interserve Learning & Employment International
  • Saudi Arabia - Khobar
  • January 2017 to April 2019

Payroll Processing
• Ensuring timely and accurate Payroll operations, record keeping and reporting

College & Corporate Petty Cash Main Cashier
• Dealing with the petty cash custodians of 8 colleges
• Petty Cash Journals and Reconciliation

College & Corporate Expenses
• Overseeing and reporting on income and expenditure and to support business planning and development
• Expenses Journal
• Expenses Reconciliation
• Reconciliation of Credit Card Statement

Purchases
• Managing Purchases Order
• Paying regular supplier bills and ensuring statements are reconciled

Daily/Weekly Tasks
• Update Currency Exchange Rate
• Update Contract/Agreement Tracker
• Managing Purchases Order Log (PO)
• Production of Weekly Payment Runs
• Work efficiently with Microsoft Dynamics AX 2012, posting & reconciliation of invoices
• Work efficiently with Microsoft Dynamics GP, posting & reconciliation of invoices
• Production of monthly Accruals & Prepayments

Work directly with Senior Management analyzing financial results and identifying areas of opportunity or risk

Producing timely monthly management accounts and departmental financial reports and producing regular office document management workflow reports

Managing General Ledger journals, including wages journal, and accurate financial data entry on all relevant systems

Preparing VAT quarter and ensuring timely statutory returns

Liaising with external stakeholders as necessary, as bankers, auditors, and advisors

Coordinating the annual internal financial policy audit and the financial year-end and external audit, ensuring the organization abides by relevant legislation and statute

Preparing VAT quarter and ensuring timely statutory returns

Liaising with external stakeholders as necessary, as bankers, auditors, and advisors

Budget preparation and analysis

Preparing and developing documentation (Policies & Procedures) of the finance department

Coordinating the annual internal financial policy audit and the financial year-end and external audit, ensuring the organization abides by relevant legislation and statute

Dealing with queries from suppliers, debtors, budget holders, and other Academy staff

Annual archiving of financial records

Internal Auditing Officer at Al Hawshan Information Technology Company
  • Saudi Arabia - Jeddah
  • April 2012 to December 2016

Internal auditing has historically been synonymous with the performance of financial audits, which seek to ensure an organization is using generally accepted accounting procedures (GAAP) to create and manage financial information through the review of financial statements. Businesses also recognize the need for other types of auditing that look beyond ledgers and balance sheets with respect to legal compliance, IT security, environmental, operational and performance oversight objectives:

Compliance Audits are used to evaluate an organization's compliance with applicable laws, regulations, policies, and procedures. Legal and policy requirements may be created by federal or state statute. An organization's management or board of directors can also create compliance requirements internally.

Environmental Audits identify the impact of a company's activities on the environment and determine whether the company is complying with environmental laws and regulations.

Information Technology Audits evaluate information management systems and computer databases to ensure that confidential customer information and proprietary intellectual property is secure. Information technology audits to ensure that only authorized users are able to gain access to privileged information and that the information itself is accurate.

Performance Audits assess whether an organization is meeting the goals and objectives set forth by the board of directors. If the organization is not meeting its stated goals, the internal auditor will identify process shortfalls and make suggestions for improvement to the board of directors.

Operational Audits assess the overall efficiency and reliability of an organization's control mechanisms. An essential component of operational auditing is the objective review of the way an organization allocates resources. If resources are not being used efficiently, the internal auditor will report these findings along with recommendations on how to reduce wasteful or inefficient resource allocation.
Conduct timely implementation of risk-based internal audits as directed by controller complying with the annual audit plan.

Assist on various audit projects and matters and ensure to have initial focus on revenue assurance.

Conduct risk evaluation of assigned functional area or department in the established timeframe.

Contribute to the Office of Internal Oversight as well as Evaluation Services (IES) risk evaluation of internal audit of the organization.

Implement internal audit tasks in areas of risk management and internal control.

Perform all assigned audit assignment at financial, operational and administrative processes and systems.

Evaluate internal audit suitability, efficiency, cost-effectiveness, and internal controls effectiveness.

Identify the level of conformance with established rules, regulations, policies and procedures;

Examine validity and reliability of financial, accounting and other data and report any deviations.

Participate in audit engagement planning, reporting, scoping, execution and follow-up as defined.

Study and learn company policy and procedures.

Evaluate comprehensive business processes and transactions to analyze the productiveness of controls and risk alleviation.

Identify internal audit control environment enhancement opportunities.

Conduct testing adhering with accreditation and varied regulatory requirements.

Support development of internal audit programs for operational audits and special reviews etc.

Fresh Food Supervisor at Othaim Hypermarkets
  • Saudi Arabia - Sakaka
  • March 2010 to March 2012

- Achieving company sales target
- Checking the quality of the fresh food
- Training butchers in all north area branches
- Daily tasks (emails, answering calls and customer service)

Accountant at Hyper Panda
  • Saudi Arabia - Riyadh
  • February 2008 to February 2010

Prepares asset, liability, and capital account entries by compiling and analyzing account information.

Documents financial transactions by entering account information.

Recommends financial actions by analyzing accounting options.

Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.

Substantiates financial transactions by auditing documents.

Maintains accounting controls by preparing and recommending policies and procedures.

Guides accounting clerical staff by coordinating activities and answering questions.

Reconciles financial discrepancies by collecting and analyzing account information.

Secures financial information by completing data base backups.

Accountant at NSGB Bank
  • Egypt - Cairo
  • October 2006 to January 2008

- Report to the Senior Accountant and receives verbal direction from this individual.

- Supervises and directs:
Accounts Assistant (2): Writing cheques and debtors follow up.

- Receive Cash and Cheque Payments, Petty Cash Payments.

- Provides indirect guidance to: cashier: How to use spreadsheets to generate reports.

- Information on daily foreign exchange rates.

- Receives indirect guidance from:

Head of Finance and Accounts: Setting deadlines for particular tasks
Senior Accountant: How to organise the bank reconciliation report (technical)
Procurement Officer: Information on foreign supplier payment terms

Education

Bachelor's degree, Bachelor's Degree in Commerce
  • at Cairo University
  • September 2006

4 Years degree from Faculty of Commerce - Cairo University

Bachelor's degree, Accounting
  • at Cairo University
  • September 2006
Bachelor's degree, Accounting And Audit
  • at Cairo University
  • September 2006
Bachelor's degree, Accounting And Administration
  • at Cairo University
  • September 2006
Bachelor's degree, Accounting And Administration
  • at Cairo University
  • September 2006
Bachelor's degree, Accounting And Acturial Studies
  • at Cairo University
  • September 2006
Bachelor's degree, Accounting And Administration
  • at Cairo University
  • September 2006
Bachelor's degree, Accounting
  • at جامعة القاهرة
  • September 2006

My objective is to enhance your company's productivity by leveraging a wide range of knowledge and skills gained from a robust finance and accounting career. I am a self-driven and objective professional with a willingness to probe further into data. I am looking for a challenging Finance Manager role where I can develop innovative financial strategies and lead cross-functional teams toward achieving key business objectives through a strategic mindset and exceptional analytical skills

Specialties & Skills

Cash Flow
Budget Forecast
Monthly Closing
Financial Statements
Microsoft Dynamics GP
Microsoft Office Suite
Microsoft Dynamics AX
ERP System: DAFATER
Fire Warden
First Aider

Social Profiles

Personal Website
Personal Website

URL removed due to policy violation. Please contact support for further information.

Languages

Arabic
Native Speaker
English
Intermediate

Memberships

Institute of Management Accountants
  • Member
  • April 2017
Saudi Organization for Certified Public Accountants (SOCPA)
  • Member
  • June 2019
Syndicate Of Commercial Professions (Egypt)
  • Member
  • August 2006

Training and Certifications

Chain Of Covid-19 Infection (Training)
Training Institute:
Mohammed Bin Rashid University
Date Attended:
April 2020
Duration:
5 hours
First Aid, CPR Course (Training)
Training Institute:
Interserve learning & Development
Date Attended:
September 2018
Duration:
36 hours
GDPR (Training)
Training Institute:
Interserve learning & Development
Date Attended:
February 2019
Duration:
5 hours
Fire Warden (Training)
Training Institute:
Interserve
Date Attended:
September 2018
Duration:
36 hours
First Aid (Training)
Training Institute:
Johns Hopkins Aramco Health Care
Date Attended:
January 2020
Duration:
9 hours
English Language Course (Training)
Training Institute:
Berlitz
Date Attended:
March 2016
Duration:
36 hours
Microsoft Office Course (Training)
Training Institute:
YAT
Date Attended:
January 2015
Duration:
40 hours
CNC plasma Machines (Operating and Maintenance) (Training)
Training Institute:
Al Kafaa't International Company
Date Attended:
April 2012
Duration:
60 hours

Hobbies

  • Personal & Working Development
  • Swimming
  • Swimming
  • Travelling
  • PlayStation