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Mohamed Zain Al-Harbi, CFO

Mohamed Zain Al-Harbi

CFO·AYTB

Saudi Arabia

Master's degree, MBA

Work experience

Total years of experience: 16 years, 9 months

CFO

December 2017 - July 2020

AYTB

Jubail, Saudi Arabia

December 2017 - July 2020

Highlights/Achievements:
- Directed financial operations of leading national provider of industrial services to diverse sectors.
- Controlled $220M+ annual budget and operations of 40+ specialists dedicated to driving excellence in corporate fiscal performance.
- Collaborated with CEO and senior stakeholders in strategic big picture planning. Served as a member of the Audit Committee for 2 subsidiaries and 2 affiliates.
- Led bottom-line turnaround, cut debt, and improved financial indicators while generating continuous savings in insurance plans.
- Played key roles in proper management of financials during COVID-19.
- Drove legal restructuring and VAT / IFRS compliance

Company industry:
Oil & Gas
Job role:
Management

CFO, Managing Director

March 2015 - December 2017

Babcock Borsig Service Arabia Ltd

Khobar, Saudi Arabia

March 2015 - December 2017

Highlights/Achievements:
- Elevated new order intake 85% year-over-year and turnover 40% year-over-year.
- Cut over 5% in average overhead costs. Reached forecasted EBITA targets with 92.6% accuracy on forecast.
- Stepped up to lead daily commercial operations, business profitability, and strategic planning and execution for all departments of the local business entity, including overseeing long, medium, and short-term business planning.
- Provide cross-functional direction over core business areas, financial strategy, and accountability.
- Lead and mentor 50 personnel. Oversee process integration and outsourcing. Reversed a 2-year period of decline to achieve profitability.
- Forged new relationships with local key clients.
- Founded the new branch office in Jeddah, as well as multiple other nationwide work sites.
- Opened negotiations with join venture partners.
- Optimized recruiting and expanded the local hiring base by sourcing a new HR manager.
- Moved the company from cash-based vehicle fuel management to a purchase card system.
- Strengthened audit performance and compliance.
- Streamlined accounting practices; attained Zakat certification on time.
- Rose to the challenge of economic difficulties.

Company industry:
Electric Power Production & Transmission
Job role:
Management

Finance Director

March 2014 - February 2015

Babcock Borsig Service Arabia Ltd / Bilfinger SE (Group)

Khobar, Saudi Arabia

March 2014 - February 2015

Highlights/Achievements:
- Rescued a scattered business unit to restore order and lead transformative change management across accounting, finance, controlling and reporting, HR, administration, and IT; delivered a solid platform for business and client prospecting, optimization, and cost control.
- Supervised a team of 30 personnel. Established financial processes and procedures.
- Managed financial statements and reporting.
- Secured a strong position for new market penetration, new business development, , and overall growth.
- Restructured the employee team.
- Improved HQ reporting, IT infrastructure, and operations.
- Coordinated legal requirements and certifications.

Company industry:
Utilities
Job role:
Management

Head Of Accounting & Controlling

January 2012 - February 2014

Bilfinger Deutsche Babcock Middle East

Abu Dhabi, United Arab Emirates

January 2012 - February 2014

Highlights/Achievements:
- Directed internal finance, control, and auditing for Middle Eastern operating companies, spanning accountability and transparency in compliance with IFRS and international accounting standards.
- Managed the complete regional budgeting processes.
- Supervised 3 accounting teams.
- Nurtured external partner relationships.
- Aligned Middle Eastern operating entities with compliance expectations for internal and external standards and regulations.
- Outperformed reporting requirements.
- Established interim reporting and monthly sales tax pre-registration requirements.
- Improved and standardized accounting processes and systems.
- Expanded the financial team to achieve outstanding results.

Company industry:
Electric Power Production & Transmission
Job role:
Accounting and Auditing

Group Financial Controller

May 2009 - December 2011

Bilfinger Deutsche Babcock Middle East

Abu Dhabi, United Arab Emirates

May 2009 - December 2011

Highlights/Achievements:
- Recruited into a transformative role, taking over Middle Eastern business operations to fully transition management to a local structure with clear reporting, operating, and business standards.
- Oversaw all aspects of financial reporting and analysis.
- Coordinated annual budget preparation and monthly forecast reviews.
- Managed a team of 3.
- Launched a fully new reporting and controlling function spanning all Middle Eastern operating entities in the UAE, Saudi Arabia, Kuwait, Qatar, and Bahrain.
- Strengthened financial management support through business process reengineering and strategic recommendations.
- Supported new business planning and investment management, reporting to the Board of Directors on key business information.

Company industry:
Electric Power Production & Transmission
Job role:
Accounting and Auditing

Assistant General Manager

May 2008 - April 2009

arabest apartment hotel

Germany

May 2008 - April 2009

Company industry:
Hospitality & Accomodation
Job role:
Management

Junior Consultant

December 2007 - March 2008

erlkoenig management partner

Germany

December 2007 - March 2008

Company industry:
Business Consultancy Services
Job role:
Consulting

M&A Trainee

March 2006 - June 2006

HypoVereinsbank Consult

Germany

March 2006 - June 2006

Company industry:
Banking
Job role:
Accounting and Auditing

Data Relationship Management Trainee

August 2005 - February 2006

Morningstar Deutschland

Germany

August 2005 - February 2006

Company industry:
Financial Services
Job role:
Accounting and Auditing

Accounting & Controlling Trainee

August 2001 - October 2004

Togal Werk AG

Germany

August 2001 - October 2004

Various Accounting, Controlling, Procurement and IT Trainee roles

Company industry:
Pharmaceutical Manufacturing
Job role:
Accounting and Auditing

Education

Warwick Business School

June 2022

June 2022

Master's degree, MBA

United Kingdom

Ingolstadt University of Applied Sciences

September 2007

September 2007

Bachelor's degree, Accounting, Controlling, Banking & Portfoliomanagement

Germany

Skills

Financial Reporting
Expert
Financial Reporting
Expert
Strategic Planning
Expert
Strategic Planning
Expert
Business Control
Expert
Business Control
Expert
Budget Management
Expert
Budget Management
Expert
Accounting
Expert
Accounting
Expert
SAP FI & CO
Expert
SAP FI & CO
Expert
MS Office
Expert
MS Office
Expert
Financial Reporting
Expert
Financial Reporting
Expert
Strategic Planning
Expert
Strategic Planning
Expert
Business Control
Expert
Business Control
Expert
Budget Management
Expert
Budget Management
Expert
Accounting
Expert
Accounting
Expert

Languages

Arabic

Expert

German

Expert

English

Expert

Memberships

GCC Board Directors Institute (GCC BDI)

Member

April 2020