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Mohamed Saad, Finance Manager

Mohamed Saad

Finance Manager·RAFCO Automotive Company

Kuwait

Bachelor's degree, Finance & Accounting

Work experience

Total years of experience: 23 years, 9 months

Finance Manager

March 2024 - Present

RAFCO Automotive Company

Al Kuwait, Kuwait

March 2024 - Present

• Spearheaded the management of comprehensive annual budgets, forecasts, and long-term financial plans, ensuring alignment with strategic growth objectives while preparing for the transition to a Financial Controller and Accounting Manager role.
• Conducted in-depth financial performance analysis, delivering actionable insights that significantly enhanced profitability and operational efficiency, paving the way for improved financial governance.
• Developed and presented detailed financial reports to senior management, facilitating informed decision-making and strategic planning.
• Implemented robust financial controls and processes, ensuring compliance and optimizing resource allocation.
• Collaborated with cross-functional teams to drive financial initiatives, fostering a culture of accountability and transparency.

Company industry:
Automotive Dealership & Distributor
Job role:
Finance and Investment

Group Financial Manager

January 2019 - February 2024

Albisher & Alkazemi Group

Al Kuwait, Kuwait

January 2019 - February 2024

• Spearheaded the preparation of comprehensive general ledgers and financial statements, ensuring accuracy and adherence to regulatory standards across diverse entities.
• Elevated treasury operations, driving substantial increases in investment returns through innovative cash management strategies.
• Streamlined payroll processes, guaranteeing timely and accurate payments for a workforce exceeding 500 employees.
• Partnered with cross-functional teams to design and implement robust financial frameworks, enhancing overall operational efficiency.
• Fostered a culture of financial accountability and transparency, contributing to improved decision-making and strategic planning.
• Utilized advanced financial analysis techniques to identify trends and inform business strategies, promoting sustainable growth.

Company industry:
Automotive Dealership & Distributor
Job role:
Finance and Investment

Chief Accountant

December 2008 - December 2018

A. R. Albisher & Z. Alkazemi Co. (Mercedes-Benz Kuwait)

Al Kuwait, Kuwait

December 2008 - December 2018

• Spearheaded comprehensive financial operations encompassing payroll, accounts receivable/payable, and reconciliations, ensuring precision and compliance to bolster strategic financial planning.
• Optimized the monthly closing process, significantly enhancing efficiency and decreasing reconciliation time through the adoption of best practices, leading to prompt financial reporting.
• Developed and implemented cost control strategies that effectively reduced operating expenses, thereby improving overall financial performance and supporting organizational growth.
• Collaborated with cross-functional teams to align financial strategies with business objectives, fostering a culture of financial accountability and transparency.
• Provided insightful financial analysis and reporting to senior management, enabling informed decision-making and strategic planning.

Company industry:
Automotive Dealership & Distributor
Job role:
Accounting and Auditing

Accountant

September 2002 - November 2008

Al-Sabriyah Elevators & Escalators Co. (KONE Elevators)

Al Kuwait, Kuwait

September 2002 - November 2008

• Led accounts receivable and payroll operations, guaranteeing precision and timeliness in financial transactions to strengthen cash flow management.
• Optimized inventory control systems, significantly improving operational efficiency and minimizing discrepancies, resulting in substantial cost savings.
• Created and presented detailed management reports that delivered critical insights, facilitating strategic planning and informed decision-making for executive leadership.
• Conducted thorough analysis of financial data, ensuring compliance and accuracy in reporting, which enhanced overall financial performance and transparency.
• Collaborated with cross-functional teams to align financial strategies with organizational goals, driving growth and sustainability.

Company industry:
Installation & Technical Services
Job role:
Accounting and Auditing

Education

Faculty of Commerce & Business Administration, Helwan University.

June 1999

June 1999

Bachelor's degree, Finance & Accounting

Egypt

GPA (percentage): 65%

GPA (percentage): 65%

Accounting & Finance
View attachment

Skills

Management
Expert
Management
Expert
Finance
Expert
Finance
Expert
Accounting
Expert
Accounting
Expert
Auditing
Expert
Auditing
Expert
Budgeting
Expert
Budgeting
Expert
MS Word, MS Excel, Internet
Expert
MS Word, MS Excel, Internet
Expert
Treasury Management
Expert
Treasury Management
Expert
Inventory Control
Expert
Inventory Control
Expert
Analysis
Expert
Analysis
Expert
Payroll
Expert
Payroll
Expert
Auditing
Expert
Auditing
Expert
Excellent Analytical skills
Expert
Excellent Analytical skills
Expert
Communication & Interpersonal skills
Expert
Communication & Interpersonal skills
Expert
ERP Systems (Oracle & Autoline Kerridge)
Expert
ERP Systems (Oracle & Autoline Kerridge)
Expert
Investments
Expert
Investments
Expert
Working Capital Management
Expert
Working Capital Management
Expert
Problem Solving
Expert
Problem Solving
Expert
Risk Management
Expert
Risk Management
Expert
Reconciliation
Expert
Reconciliation
Expert
Budgeting
Expert
Budgeting
Expert
Financial Reporting
Expert
Financial Reporting
Expert
Cost Control
Expert
Cost Control
Expert

Social profiles

Personal Website
Personal Website

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

Languages

English
Expert
Arabic
Expert

Training and Certifications

Certifications
IFRS for Retail & Automotive
Apr 2012 - Apr 2012
IFRS update 2012
May 2012 - May 2012
IFRS update 2012
KPMG
Dec 2012 - Dec 2012

Training
CMA Part 2, Financial Decision Making
UAC
Oct 2014
CMA Part 1, Financial Planning, Performance and Control
UAC
Jan 2014

Hobbies

  • Chess, Football, Swimming & Video games
    • Implementing new and updates of ERP & HRM software projects as a representative of Finance Department. • Work with external auditors to issue the audited consolidated financials from year 2010 till date.