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MOHAMED IBRAHIM, Chief Accountant with the role of Finance Director

MOHAMED IBRAHIM

Chief Accountant with the role of Finance Director ·Triple E Company

Saudi Arabia

Bachelor's degree, Accounting Department English Section. P

Work experience

Total years of experience: 12 years, 8 months

Chief Accountant with the role of Finance Director

February 2024 - Present

Triple E Company

Riyadh, Saudi Arabia

February 2024 - Present

I established and managed the accounting and financial operations of a startup exhibition company since its inception.
I prepared budgets, financial reports, and cash flow projections.
I reviewed financial statements and presented analyses to management.
I analyzed expenses and reduced them by 30%, presenting the results to management, which were well-received.
I ensured compliance with VAT regulations and internal controls.
I inventoried and processed fixed assets in accordance with International Accounting Standards (IAS) and created a dedicated template for them within the accounting software.
I assigned roles to employees and trained them so that each team member was fully aware of their job responsibilities.
I coordinated the annual closing process and external audit activities.

Company industry:
Events Management
Job role:
Accounting and Auditing

Chief Accountant with the role of Finance Director

February 2023 - February 2024

Alam Almaqahi Company

Riyadh, Saudi Arabia

I found this job using Bayt.com

February 2023 - February 2024

At this company, I organized and restructured the chaotic accounting department, negotiated with management to acquire new accounting software, trained finance staff on its use, and assigned roles and responsibilities.
I prepared annual budgets in line with the company's strategy and operational plans, and according to IFRS.
I managed cash flow planning to ensure liquidity and financial stability, comparing it to actual figures on a monthly basis to identify deviations and areas for improvement.
I reviewed financial reports and presented financial analyses to the company owners.
I conducted a detailed cost and expense analysis to pinpoint areas for deficiencies.
I oversaw the bank borrowing process, analyzed credit flows, and performed the necessary calculations to guarantee loan repayments and accrued interest.
I supervised the closing of the annual accounts and coordinated with external auditors for 2022 and 2023, and assisted in 2024 before moving on to a new challenge.

Company industry:
Retail & Wholesale
Job role:
Finance and Investment

Chief Accountant / Head of Accounting Section

July 2021 - January 2023

Al-Manaar International Group

Riyadh, Saudi Arabia

I found this job using Bayt.com

July 2021 - January 2023

My responsibilities for the entire accounting department of the company required me to supervise a team of six employees, as the group consisted of four separate companies operating independently, but with unified Financial Statements
I trained the team, assigned tasks, and supervised the staff.
I prepared monthly, quarterly, and annual financial statements in accordance with International Financial Reporting Standards (IFRS).
I managed the general ledger, bank reconciliations, and balance sheet accounts.
I oversaw the monthly and annual closing processes for the four companies.
I performed budgeting, forecasting, and variance analysis.
I ensured compliance with VAT, Zakat, and financial control regulations, and supported audit activities.
I directly managed customer files to ensure smooth and efficient dealings and collections in line with the company and owners' vision.
I negotiated directly with suppliers to facilitate and schedule payments to the satisfaction of all parties.
Finally, I supervised the annual closing process and external audits with legal auditors, adhering to internationally and internally accepted standards and principles.

Company industry:
Trading & Commodity Trading
Job role:
Accounting and Auditing

Chief Accountant

June 2019 - June 2022

3Lines Company Saudi

Riyadh, Saudi Arabia

June 2019 - June 2022

I prepared monthly, quarterly, and annual financial statements in accordance with International Financial Reporting Standards (IFRS).
I managed the general ledger, bank reconciliations, and balance sheet accounts.
I oversaw the monthly and annual closings for four branches.
I prepared budgets, forecasts, and performed variance analysis.
I ensured compliance with VAT and supported audit activities.
I supervised and guided a team of six accountants.
I prepared financial statements, cash flow statements, and management reports.
I managed accounts payable, accounts receivable, and supplier payments in accordance with the company's liquidity and agreed plans.
I worked critically on the collections process from customers, particularly food delivery apps, and noticed some unjustified discounts. I held meetings with them to discuss the matter, which increased the collection rate and reduced costs.
I controlled operating expenses and significantly improved cost efficiency through meticulous expense monitoring.
I ensured the accuracy of monthly closings and internal controls.
I supported preparations for the external audit.

Company industry:
Catering, Food Service, & Restaurant
Job role:
Accounting and Auditing

General to Senior accountant

September 2013 - April 2019

Netvariant Company

Riyadh, Saudi Arabia

September 2013 - April 2019

-Managed all accounting records and ensured accurate and timely financial records data entry.
-Monitored customer accounts and followed up on collections to ensure payments were received by their due dates.
-Oversaw supplier payments, ensuring compliance with terms and timely disbursements.
-Prepared and submitted VAT reports following regulatory requirements.
-Generated and presented monthly and quarterly financial reports to management to support performance monitoring and strategic planning.
-Held full responsibility for HR operations, including handling platforms such as Qiwa, Mudad, GOSI, Muqeem, and Etemad, and dealings with the Ministry of Labor (Work Office).
-Led the year-end financial closing process and collaborated with external auditors to finalize the financial statements

Company industry:
IT Services
Job role:
Accounting and Auditing

Cost Accountant

July 2017 - July 2018

Ghrra Telecom Company

Riyadh, Saudi Arabia

July 2017 - July 2018

A part-time subsidiary sister company of Netvariant
-Manage and oversee cost accounting functions, ensuring accurate tracking and allocation of costs.
-Perform detailed analysis of all costs and expenses to identify inefficiencies and areas requiring improvement.
-Prepare and deliver reports to management, highlighting financial challenges, issues, and opportunities for cost reduction.
-Monitor monthly recurring expenses, identifying and recommending reductions in non-essential costs to improve profitability.
-Support the reorganization of the company’s internal structure to enhance operational efficiency and clarity.
-Assist in preparing and closing year-end financial statements in collaboration with the external auditor

Company industry:
Telecommunications
Job role:
Accounting and Auditing

Education

Zagazig University

January 2010

January 2010

Bachelor's degree, Accounting Department English Section. P

Egypt

GPA (rating): Good

GPA (rating): Good

Graduated from Zagazig University, Faculty of Commerce, Accounting department, English section
View attachment

Skills

Training
Expert
Training
Expert
Leadership
Expert
Leadership
Expert
Teamwork
Expert
Teamwork
Expert
FM
Expert
FM
Expert
Cost Accounting
Expert
Cost Accounting
Expert
Business Planning and restructure
Expert
Business Planning and restructure
Expert
Month-End & Year-End Closing
Expert
Month-End & Year-End Closing
Expert
ERP Systems & Advanced Microsoft Excel
Expert
ERP Systems & Advanced Microsoft Excel
Expert
Budgeting, Forecasting & Variance Analysis
Expert
Budgeting, Forecasting & Variance Analysis
Expert
Financial Reporting (IFRS)
Expert
Financial Reporting (IFRS)
Expert
Internal Controls
Expert
Internal Controls
Expert
Training
Expert
Training
Expert
Leadership
Expert
Leadership
Expert
Teamwork
Expert
Teamwork
Expert
FM
Expert
FM
Expert
Cost Accounting
Expert
Cost Accounting
Expert

Languages

Arabic

Expert

English

Expert

Training and Certifications

Certifications
Graduation Certificate
Zagazig univercity
May 2011
Show credentials
Certificate of Associate membership
Socpa
Oct 2015 - Apr 2026
Show credentials
Certified Internal Auditor
Jan 2024 - Dec 2024
Show credentials

Hobbies and interests

Maditation

Usually, I practice Meditation for my mental health