Maan Hijazi

Group Director at Ikea - Saudi Arabia

• Saudi Arabia - Jeddah
• My current job since August 2015

o Participates in the development of company’s regional strategy and contributes to the overall process of management and corporate decision making along with other members of the Executive Team.
o Develops and implements strategic plans for own Finance Department in line with the regional objectives.
o Leads and manages the annual budget for the Finance Department in conjunction with the region’s budget and secures subsequent approvals, tracks expenditure and ensures adherence to the budget.
o Manages and controls the operating framework for the Finance Department, provides guidance and support, ensures implementation and review of work processes in order to achieve high performance standards and compliance with organizational policies, procedures and standards.
o Leads the deployment of company's vision, mission and cultural values to drive implementation across all employee groups in the Finance Department.
o Recommends improvements to Finance Department policies and leads the implementation of procedures and controls covering all areas of activity so that all relevant procedural/legislative requirements are fulfilled while delivering quality services.
 Core Responsibilities:
o Provides strategic financial input and leadership on decision making issues affecting the organization’s strategic development plans.
o Acts as a strategic financial partner to the ExCom committee and Board of Directors on the financial positioning of the company, highlighting strategic plans, financial budgeting, cash flow, treasury and policy matters.
o Guides and oversees the execution of the annual budgeting process for the functions in order to ensure that budgeting requirements are aligned to the strategic goals and objective of the organization.
o Monitors the overall financial performance to ensure awareness of anticipated costs / revenues, excesses / deficits, areas of unsatisfactory performance and potential performance improvement opportunities.
o Ensures efficient and effective management through all necessary financial controls, systems and processes, and ensures accuracy and integrity of the company’s financial records.
o Leads the development of financial policies, guidelines and standards in line with company corporate guidelines, reporting requirements and international accounting standards.
o Serves as the principal contact with internal and external auditors and ensures that they are provided close cooperation and assistance in the discharge of their responsibilities, including all company financial statements and reports.
o Provides guidance and advice, related to the management of cash flow, cost controls and expenses for different functions identifying potential financial opportunities and weaknesses and recommending corrective actions.
o Oversees the project finance process and liaises with banks, financial institutions and any other creditor for arrangement of funds, if necessary.

Senior Financial Controller at Al Saedan Real Estate Co

• Saudi Arabia
• January 2015 to August 2015

Oversee Initial Public Offering (IPO) implementation, by:
o Oversee the conversion process to IFRS from GAAP (SOCPA) and prepare both financials “Under Both standards” for 2015.
o Work closely with the Financial advisor appointed.
o Oversee Financial Due Diligence process and endure full compliance with CMA (Capital Market Authority) requirements.
 Design Systems & Work Closely with IT, by:
o Oversee EPR Oracle R12 implementation and ensure accuracy of all financial modules implemented.
o Work closely with both (Implementer and developer) in order to ensure having adequate and accurate reporting from the system.
o Review all accounting procedures and develop required SOPs and KPIs related to the ERP.
 Budgeting, Planning & Reporting, by:
o Oversee budgets and financial models preparation and presentation to stakeholders.
o Reports financial status by developing forecasts; reporting results; analyzing variances; developing improvements.
o Supervising and leading preparation of monthly, quarterly and annual management reporting and arranging sessions with Businesses
Owners on performance review & supervise Business Unit reporting.
 Zakat & Audit, by:
o Compliance of financial matters of Accountancy Framework, Zakat and Income Tax, Regulations for Companies, Code of Corporate
Governance, Agreements and other local regulations.
o Lead and coordination with External Audits on Statutory and Special Audits

Financial Controller at Tamer

• Saudi Arabia
• January 2011 to December 2014

Cost Conscience Organization, by:
o Identify and make recommendations in cost saving possibilities.
o Guides cost analysis process by establishing and enforcing policies and procedures; providing trends and forecasts; explaining processes
and techniques; recommending actions.
 Budgeting & Planning, by:
o Supervising and leading budgets and financial models preparation and presentation to other stakeholders.
o Reports financial status by developing forecasts; reporting results; analyzing variances; developing improvements.
o Supervising and leading preparation of monthly, quarterly and annual management accounts and arranging sessions with Businesses
Owners on performance review & supervise Business Unit reporting.
 Management Accounting, by:
o Apply advanced analytical techniques which are necessary to gain greater insight and perspective on most complex problems.
o Developing overheads allocation bases, ensure allocating service departments overheads based on periodic detailed studies, and apply
Activity Based Costing whenever is applicable
 Design Systems & Work Closely with IT, by:
o Development of new financial policies & SOPs and provide value adding assistance in developing new non-financial policies & SOPs.
o Ensure existence of adequate and effective Internal Control Infrastructure.
o Increases productivity by developing automated accounting applications; coordinating information requirements.
o Designing customized systems; accumulating resources & implementing change.
 Zakat & Audit, by:
o Compliance of financial matters of Accountancy Framework, Zakat and Income Tax, Regulations for Companies, Code of Corporate
Governance, Agreements and other local regulations.
o Lead and coordination with External Audits on Statutory and Special Audits

Deputy Financial Controller at Tamer

• Saudi Arabia
• January 2010 to December 2011

Payroll Management, by:
o Build and Design the ERP Payroll System for the company employees & its scientific offices (+3, 000 Employees).
o Integration between Payroll & HRMS by working closely with

Senior Accountant at Maamoun Tamer & Co

• August 2003 to December 2009

External Auditor

• September 2002 to August 2003