Mohamed Ashour

Financial Accounting and Reporting
• Lead end-to-end month-end closing, including journals, accruals, prepayments, provisions, and
intercompany entries.
• Leading full-cycle financial closings (Monthly, Quarterly, & Year-End) and preparing consolidated
financial statements in compliance with IFRS, ensuring the integrity of all assets and liabilities.
• Ensure the accuracy, completeness, and integrity of financial records and balance sheet reconciliations
(banks, AR/AP, accruals, advances, fixed assets, deferred revenue, and intercompany).
• Prepare monthly, quarterly, and annual financial reports and provide detailed analysis and insights to
support management decision-making.
• Maintain and govern accounting policies, chart of accounts structure, and reporting standards in line
with IFRS and group requirements.
• Financial Analysis & Decision Support.
• Overseeing full-cycle accounting, inventory control, and AR/AP management via Odoo ERP.




Managerial Accounting and Reporting
• Partner with leadership to support annual budget preparation and rolling forecasts, ensuring
alignment with strategic goals and operational needs.
• Monitor budget implementation and perform variance analysis, identifying and addressing
discrepancies, leakage, and operational inefficiencies.
• Manage cash flow planning and ensure sufficient liquidity to meet operational needs, including
oversight of bank reconciliations and cash management activities.
• Manage working capital performance by strengthening AR/AP controls, collections discipline, vendor
statement reconciliations, and payment governance.
• Transforming financial data into actionable insights through rigorous sales/expense variance analysis
and trend reporting to identify growth opportunities and improve bottom-line results
• Control event financials including budgets vs actuals, profitability reporting, production cost tracking,
post-event reconciliation packs, and accurate cut-off for revenues/costs; ensure correct accounting for
artist deposits/advances, contract-based accruals, and settlements
• Coordinate and manage internal and external audits, including PBC schedules, audit queries, and
closure of findings with corrective action plans.
Tax Compliance
• Managing VAT and Zakat filings and compliance (ZATCA), while coordinating with external auditors to
ensure timely completion of annual audits with zero material findings (Clean Audit).
• Preparing comprehensive financial statements (IFRS) and managing ZATCA/VAT filings.
• Ensure full compliance of tax reports with applicable laws.
• Manage collection of receivables from tax authorities.
Sox, Governance Compliance
• Establish and enhance internal controls, segregation of duties, and approval governance to safeguard
assets, ensure accurate reporting, and maintain audit-quality documentation.
• Optimizing financial workflows and internal controls within Dynamics/Odoo ERP systems to enhance
operational efficiency and safeguard company assets, including payroll and expenditure management.
• Mentoring and leading the finance team to foster professional growth and ensure the application of
best practices in financial accounting, governance, and control procedures
• Communicate with Audit Firm and financial auditors
• Safeguard of assets, Segregation of duties compliance.
• Maintaining robust internal control frameworks and governance policies (SOX compliant) to safeguard
corporate assets and ensure adherence to IFRS and local regulations

Financial Accounting and Audit
• Ensure business transactions related to the project are maintained in the GL in full compliance
with IFRS, local reporting standards, and sponsors’ financial policies and procedures.
• Ensure accuracy, quality, and timely closing of books.
• Review and approve monthly accruals and provisions for accuracy and completeness.
• Ensure the integrity of the ERP Microsoft Dynamics GL.
• Manage external audit processes for periodic financial statements as directed.
• Coordinate with consultants on matters related to financial accounting and audit.
• Maintain financial control of periodic financial statements
Managerial Accounting and Reporting
• Prepare periodic cash flow forecasts as required by management.
• Prepare periodic budgets as required by management.
• Prepare periodic managerial financial reports.
• Prepare periodic financial analysis.
• Prepare relevant reports and updates to the required standard.
• Ensure the maintenance and updating of the financial model.
• Prepare consolidated financial statements (Balance Sheet, Income Statement, and Cash Flow)
Accounts Payable (AP) and Accounts Receivable (AR)
• Review AP and AR work and reports to ensure compliance with sponsors’ requirements.
• Manage AP and AR in line with agreed SLAs.
• Review invoice approval status and ensure processing timelines are met.
• Review month-end AP and AR reconciliation and ageing reports and follow up where required.
• Review and advise on ad-hoc invoice and payment matters.
Tax Compliance
• Ensure the Project Company reports and pays taxes in accordance with applicable laws.
• Ensure decision-makers are informed of tax implications related to business decisions.
• Ensure full compliance of tax reports with applicable laws.
• Manage collection of receivables from tax authorities.
• Coordinate with tax advisors in accordance with sponsors’ tax group policies.
• Manage activities related to external tax inspections.


Banking, Treasury, and Reconciliations
• Review and approve month-end bank reconciliations.
• Follow up and clear reconciling items.
• Ensure bank deposits are correctly categorized.
• Support day-to-day cash management and investment decisions.
Financing and Lender Requirements
• Prepare financial reports in line with financing documentation.
• Manage drawdown processes.
• Update and monitor the financial model.
• Address lender information covenants and reporting requirements.
Sox, Governance Compliance
• Monitor and audit all financial transactions within Dynamics ERP, ensuring data integrity and
system optimization.
• Optimize financial systems and procedures, initiating corrective actions to mitigate risks and
improve workflows.
• Validate balance sheet accuracy, ensuring a fair and transparent reflection of the company’s
assets and liabilities.
• Establish and maintain systematic fiscal records and documentation to ensure audit-readiness and
historical data integrity.
• Review and validate HR payroll sheets, ensuring accuracy in compensation and compliance with
labour regulations.
• Develop best-practice financial accounting and internal control procedures to maximize
operational impact and efficiency.
• Collaborate with auditors to secure clean year-end audit reports and ensure timely filing of
Zakat/VAT returns.
• Provide relevant recommendations on opportunities based on financial feasibility and profitability
analysis
QHSE Support
• Support Quality, Health, Safety, and Environment (QHSE) activities, policies, and objectives,
including participation in audits, inductions, and incident reporting when required

Financial Accounting and Audit
•
Ensure business transactions related to the project are maintained in the GL in full compliance with IFRS, local reporting standards, and sponsors’ financial policies and procedures.
•
Ensure accuracy, quality, and timely closing of books.
•
Review and approve monthly accruals and provisions for accuracy and completeness.
•
Ensure the integrity of the ERP Microsoft Dynamics GL.
•
Manage external audit processes for periodic financial statements as directed.
•
Coordinate with consultants on matters related to financial accounting and audit.
•
Maintain financial control of periodic financial statements
Managerial Accounting and Reporting
•
Prepare periodic cash flow forecasts as required by management.
•
Prepare periodic budgets as required by management.
•
Prepare periodic managerial financial reports.
•
Prepare periodic financial analysis.
•
Prepare relevant reports and updates to the required standard.
•
Ensure the maintenance and updating of the financial model.
•
Prepare consolidated financial statements (Balance Sheet, Income Statement, and Cash Flow)
Accounts Payable (AP) and Accounts Receivable (AR)
•
Review AP and AR work and reports to ensure compliance with sponsors’ requirements.
•
Manage AP and AR in line with agreed SLAs.
•
Review invoice approval status and ensure processing timelines are met.
•
Review month-end AP and AR reconciliation and ageing reports and follow up where required.
•
Review and advise on ad-hoc invoice and payment matters.
Tax Compliance
•
Ensure the Project Company reports and pays taxes in accordance with applicable laws.
•
Ensure decision-makers are informed of tax implications related to business decisions.
•
Ensure full compliance of tax reports with applicable laws.
•
Manage collection of receivables from tax authorities.
•
Coordinate with tax advisors in accordance with sponsors’ tax group policies.
•
Manage activities related to external tax inspections.
Banking, Treasury, and Reconciliations
•
Review and approve month-end bank reconciliations.
•
Follow up and clear reconciling items.
•
Ensure bank deposits are correctly categorized.
•
Support day-to-day cash management and investment decisions.
Financing and Lender Requirements
•
Prepare financial reports in line with financing documentation.
•
Manage drawdown processes.
•
Update and monitor the financial model.
•
Address lender information covenants and reporting requirements.
Sox, Governance Compliance
•
Monitor and audit all financial transactions within Dynamics ERP, ensuring data integrity and system optimization.
•
Optimize financial systems and procedures, initiating corrective actions to mitigate risks and improve workflows.
•
Validate balance sheet accuracy, ensuring a fair and transparent reflection of the company’s assets and liabilities.
•
Establish and maintain systematic fiscal records and documentation to ensure audit-readiness and historical data integrity.
•
Review and validate HR payroll sheets, ensuring accuracy in compensation and compliance with labour regulations.
•
Develop best-practice financial accounting and internal control procedures to maximize operational impact and efficiency.
•
Collaborate with auditors to secure clean year-end audit reports and ensure timely filing of Zakat/VAT returns.
•
Provide relevant recommendations on opportunities based on financial feasibility and profitability analysis

Maintain strict control over all financial transactions to ensure full alignment with established accounting standards and procedures.
•
Audit and verify all business transactions to ensure they consistently adhere to corporate policies and internal guidelines.
•
Perform daily monitoring of customer balances to ensure accuracy, transparency, and timely reconciliation.
•
Develop and enforce robust financial policies and internal controls designed to mitigate operational risks and safeguard assets.
•
Submit comprehensive weekly Accounts Receivable (AR) Aging reports to senior management, providing visibility on credit exposure.
•
Strategically manage the collection process and deliver regular, detailed reporting on outstanding receivables to optimize cash flow.
•
Oversee and own the annual budget lifecycle, from detailed review to final execution, following Board of Directors' approval.
•
Drive the preparation and presentation of accurate financial statements in accordance with professional reporting standards.

Supervise the general ledger (GL) function, ensuring all journal entries and account reconciliations are performed with 100% accuracy.
•
Manage fixed asset accounting, including depreciation schedules, disposals, and annual physical verification.
•
Oversee accounts payable (AP) workflows, ensuring timely vendor payments while maximizing early payment discounts and managing cash outflows.
•
Direct the payroll accounting process, ensuring accurate recording of benefits, deductions, and compliance with labour laws.
•
Lead the inter-company reconciliation process for sister companies to ensure elimination of errors and accurate consolidated reporting.
•
Act as the primary liaison for external auditors during interim and year-end audits to facilitate a smooth and "Clean Audit" opinion.
•
Review and approve all bank reconciliations and petty cash audits to prevent fraud and ensure liquid asset security

Book Keeping For Costing & Analytics Procedures
•
Prepare Journal Entries & Monitor Cost Standard Cost, Report Monthly Variance to Budget
•
Reconcile Bank Statement Reconciliation, as Independence SOD
•
Manage fixed asset accounting, including depreciation schedules, disposals, and annual physical verification.
•
Oversee accounts payable (AP) workflows, ensuring timely vendor payments while maximizing early payment discounts and managing cash outflows