Khalid Masood

Being Finance Manager at Eram Al-Shahikah Co., the authorized representative of DCEC Engins for warranties and maintenance in the Kingdom of Saudi Arabia, and a prominent supplier of Genset, power generation equipment, and spare parts, my responsibilities entailed:
Day-to-Day Financial Transactions Management:
• Oversee and manage all aspects of daily financial transactions.
• Ensure accuracy and completeness of financial records.
• Supervise accounting staff in recording and processing transactions.
Financial Reporting:
• Prepare timely and accurate financial statements in accordance with GAAP (Generally Accepted Accounting Principles) or relevant accounting standards.
• Analyze financial data to identify trends, variances, and areas for improvement.
• Present financial reports to management and stakeholders.
Management Reporting:
• Develop and maintain management reporting systems to provide timely and relevant information to support decision-making.
• Prepare customized reports for different departments or management levels as required.
Financial Operations Management and SOPs:
• Establish and enforce standard operating procedures (SOPs) for financial operations to ensure consistency and compliance.
• Streamline financial processes to improve efficiency and effectiveness.
Tax Management including Zakat and VAT:
• Ensure compliance with tax regulations, including filing accurate and timely VAT returns and Zakat payments.
• Stay updated on changes in tax laws and regulations and implement necessary adjustments.
• Filling quarterly VAT return and annual Zakat return
• Develop and maintain systems for monitoring and ensuring compliance with VAT and Zakat requirements.
• Conduct periodic reviews to assess compliance and identify areas for improvement.
Liaison with External Auditor:
• Serve as the primary point of contact for external auditors.
• Coordinate audit activities and provide necessary documentation and support.
• Address audit findings and implement recommendations as needed.
Budgeting:
• Lead the budgeting process, including preparation, review, and approval of budgets.
• Collaborate with department heads to develop realistic and achievable budgets.
• Monitor budget performance and variance analysis.
Management and Control of Budgeting:
• Implement budget controls to ensure adherence to approved budgets.
• Analyze budget variances and provide explanations or corrective actions as necessary.
• Continuously evaluate and improve budgeting processes.
Inventory Management and Control:
• Oversee inventory accounting processes, including valuation, reconciliation, and physical inventory counts.
• Implement controls to safeguard inventory and prevent losses.
• Optimize inventory levels to minimize carrying costs while ensuring adequate stock availability.

• Ensured accurate company financial reporting in alignment with IAS, IFRS, and SOCPA GAAP standards.
• Developed and monitored the company's annual operating budget to meet financial targets and regulatory requirements.
• Managed cash flow forecasting and payment planning, optimizing Cash Flow Management strategies.
• Provided management reporting essential for strategic decision-making across various teams such as sales, credit controllers, and operations, facilitating marketing strategies and recruitment planning.
• Coordinated with banks for Bank guarantees, Import & Export L/Cs, and Bank standing orders for payroll.
• Prepared supporting information for annual audits for both group and individual entities, collaborating with external auditors as needed.
• Handled VAT return filing, annual Zakat & Tax return filing, and WHT return filing.
• Managed receivables and conducted project progress analysis, ensuring invoicing to customers upon milestone achievement as per contract agreements.
• Prepared project planning reports and execution schedules, conducting variance analysis to optimize project profitability and avoid future errors.
• Compiled project progress data and prepared progress reports for internal and external stakeholders.
• Supervised logistics planning and management to minimize costs by arranging global shipments and ensuring legal documentation compliance for imports to KSA, facilitating timely delivery to customers.

• Conducting Strategic Business Analysis Reporting for clients across diverse business sectors.
• Developing, refining, and presenting investment-related business plans for prominent multinational companies.
• Crafting Feasibility reports for a range of investment opportunities.
• Generating comprehensive reports on Business Risk Analysis.
• Providing insights through Market Analysis reporting.
• Analyzing and presenting reports on Working Capital Management.
• Conducting Investment Appraisal reports to support decision-making processes.

• Audit planning & preparation of detailed planning documentation.
• Designing through test of controls, and detailed testing of controls.
• Evaluating control environment of entity as per said and applicable control activities
• Designing and performing analytical procedures to highlight high risk areas of entity.
• Designing and performing substantive procedure including test of transaction in detail.
• Drafting Financial Statement, Financial Reporting Packs and Management letters to be used by audit managers to complete audit assignment.