mohamad fadi soufi

Responsibilities:
• Involved in end to end management of organizational financial aspects related to monthly closing and consolidations, cash flow and financing management, taxation and audits.
• Define and ensure compliance to financial controls specified by Management. Manage monthly management accounts for local office and head office reporting purposes.
• Focus on statutory and legal/regulatory reporting, management accounting and reports, financial planning and analysis, financial policies and internal controls, finance systems management.
• Maintain regular interaction with customers, banks, tax/audit advisors, government regulators and other external parties based on business and operational requirements.
• Liaise with external professional consultants and auditors for conducting various statutory audits, resolving financial issues and ensuring seamless operations.
• Guide team members on working on daily / monthly bookkeeping entries in the accounting software program and preparation of Trial Balances, Income Statements and Balance Sheets.
• Manage reconciliations (BSP, LCCs and third ticketing parties, bank and cash, ticket matching, refunds, commissions, TCC system reports to GDS) including weekly reporting (cash flow, sales reports).
• Follow up with debtors and creditors, manage payments (including but not limited to full BSP/partner payment responsibility, payroll, and suppliers).
• Prepare statutory returns (payroll documents) based on local requirements (accounting, tax, legal, new VAT regulation). Represent the organization in interacting with bank, merchants, consultants, and auditors.

Accomplishments:
• Enhanced operational efficiency by realigning financial policy of the company encompassing budgeting, planning, forecasting, accounting, variance analysis, and financial reports and P&L.

Responsibilities:
• Guided team members in timely closure and reporting of management accounting books on a monthly basis for all the region legal entities and ensured completion of management accounts based on corporate directives.
• Maintained organizational cash flow and P/L by effectively managing accounting, account payable and account receivable processes
• Prepared cash flow statements, customer-vendor reconciliation statements including final accounts (Profit & Loss Account and balance-sheet).
• Evaluated cash flow and followed up with banks & financial institutions for ensuring adequate fund flow to fulfill requirements of existing and future business ventures of the organization.
• Involved in reconciling bank statements & general ledgers accounts (purchase, sales, creditors, debtors & stock book) with cost and its supporting documents.
• Assessed general ledger accounts and other supporting transaction documents for reconciling various accounts and ascertaining organizational financial health.
• Interacted with auditors and negotiated company’s financial plans with other departments for implementing effective remedial measures.
• Ensured compliance to Statutory and Tax reporting requirements for assigned Legal Entities and worked as a focal point for annual audits, tax returns and other legal filings.
• Updated monthly management information to all Business Unit managers within the reporting units to realign policy decisions and implement effective remedial measures based on identified deviations.

Accomplishments:
• Played a key role in implementing effective financial controls enabling revenue growth and rendered consultancy to the senior management in preparing financial plans and implementing effective remedial measures.
• Guided teams on investment opportunities and financial strategies and identify areas for potential improvement to maintain sound financial health of the organization.

Responsibilities:
• Guided teams on timely closure and reporting of management accounting books on a monthly basis for all the region legal entities.
• Coordinated with accounting finance teams in rendering support to region operations. Maintained updated status of account payable and account receivable processes.
• Followed up with concerned stakeholders in ensuring compliance to statutory and tax reporting requirements for assigned legal entities. Functioned as the focal point for annual audits, tax returns and other legal filings.
• Prepared and evaluated Financial Planning (forecast and budget) for all business units based on corporate schedules based on specific requests of Business Unit managers and VP Finance.
• Functioned as a business partner to General Managers and Operational Managers involved in defining and implementing tactical business plan and maximizing growth opportunities.
• Rendered support to the commercial aspects of the business for deal reviews. Assessed risk versus reward in commercial value terms, as well as budgeted costs, pricing and margins.
• Implemented various process improvements to develop and streamline existing processes including delegation of authority policy and travel and expenditure policy.
• Set up regional specific operational KPI’s and financial models, linking business development activities, customer opportunities to investment appraisal and market penetration.
• Facilitated operational finance expertise to General Managers and Operational Managers in the reporting unit by evaluating manufacturing and service data of the region plants.
• Assessed regional cash requirements (including financial instruments) in coordination with Corporate Treasury to minimize on hand cash and maximize investment returns.
• Drafted and presented

Accomplishments:
• Successfully audited financial statement reports from the year 2007 up to 2012 and obtained Zakat and tax certificate from the years 2006 up to 2012. Secured certificate for classification of contractors (Grade One in the field of desalination).
• Guided teams in updating financials in the Japanese accounting system from 2007 to 2012, and ACWA Holding accounting system from 2008 to 2012.
• Played a key role in administering external contract services for tax preparation, auditing, banking, investments, and other financial aspects.

EARLIER ASSIGNMENTS

Finance & Admin Manager, Ludain for Services & trading EST (Part of Bin Laden Groups), Jeddah, KSA
Jan 2006 - Jan 2008