محمد شادي

1. Driving the financial planning of the company by analyzing its performance and risks
2. Retaining constant awareness of the company’s financial position and acting to prevent problems
3. Setting up and overseeing the company’s finance IT system
4. Set targets for and supervise all accounting and finance personnel (management accountants, internal auditors etc.)
5. Oversee all audit and internal control operations
Develop the corporate fundraising strategy and manage relationships with partners and investors
6. Prepare timely and detailed reports on financial performance on a quarterly and annual basis
7. Conduct analysis to make forecasts and report to upper executives
8. Ensure adherence to financial laws and guidelines

• Leading VAT Implementation project for the group on SAP with Keypoint.
• Reviewing Zakat, VAT & WHT returns for the Group with EY.
• Replying GAZT & Tax’s Queries and Assessments with TAGI.
• Leading transfer pricing implementation project with PWC.

•Preparing annual budget for all projects.
•Reviewing cost sheet prepared by estimation & planning department for each project.
•Arranging the necessary bank facilities for the projects.
•Set a proper internal control for all company activities.
•Project Accounting, Keeping separate financials and accounting records for each project. For instance project revenue, project direct cost/s, allocated cost its fixed assets records.
•Management information Systems, Monthly company and projects financials reports, profit and loss statement, balance sheet, cash flow and all others notes these reports.
•Checking and reviewing of project proposals/bid from financials aspect.
•Coordination with external auditors for annual audit, Zakat & tax return.
• Purchase orders, Verification of purchase order by checking approvals from purchase requisition, its budget, project/Job, quotations & suppliers’ comparative statement.
•Accounts Payable Functions, Checking of supplier’s invoices and its accounting & payment also keeping records for all suppliers.
•General Ledger, All general accounting entries and its recording into individuals ledgers and also maintaining all accountings heads like revenues, expenses, equity accounts, assets & liabilities.
•Maintaining records for fixed assets and stores.
•Billing or Invoicing, preparation of invoices after getting approved progress reports or time sheet from operation department. Maintaining all financial records of customers/ accounts receivables.
•Cash & receivable collections, Reviewing all cash/cheque or bank transfer received from sales and from all other sources, depositing the same into bank. Correspondence with banks and also maintaining records of banks.

•Maintaining systems for prompt and accurate collection of financial and accounting information.
•Report and monitor daily cash position and actual cash flow.
•Review daily payments & collection reports.
•Review daily performance report against budget and report deficiencies.
•Managing funds between regions (KSA wise)
•Supervising Banking transactions - Daily fund management / utilization of funds
•Daily petty cash movement report and brokers status.
•Reviewing receivable aging analysis and following up on receivable collections.
•Managing payables and receivables for all the concepts.
•Initiating and developing reporting and tracking systems on ad-hoc basis.
•Review and endorse WIP report prior circulated to concerned OPS.
•Review reconciliation of advances from customer and approve required settlements.
•Supervise the preparation of monthly and quarterly financial statement in compliance with the statutory/regulatory norms.
•Ensuring all Revenue and expenses are properly accounted for according to IFRS.
•Respond to management inquiries regarding all financial reporting matters.
•Monitoring operational performance versus budget, track the variances, recommend corrective actions.
•Draw management attention for any expected budget overspent and recommend resolution for such cases.
•Annual auditing process.
•Yearly budget.
•Ensuring timely submission of reports required by banks / auditors.

- Handling the annual audit process with Deloitte & Touche for the Group & other subsidiaries.
- Finalize the Zakat & Tax reports & certificates, Group wise and reply the DZIT queries and filling the WHT returns
- Preparation of annual forecasted budget (BLS/PNL/CF)
- Preparing the consolidated Monthly & Quarterly group financial statements
- Replying the bank's enquirers (review of banking facilities)
- Handling the private investment (shares, equity participations & real estates) of Sheikh and it's related reports.

•Preparation of the Annual /periodic financial results with the accompanied commentary and analysis.
•Performing and supervising Stock Control, Inventory and Warehouses Management.
•Preparation Bank reconciliation and Cash Management reports.
•Supervising, reviewing and posting all GL entries, payables, receivable, cash movments and payments to suppliers

• Performing and supervising Stock Control transactions along with inventory and warehouse management for 25 Showrooms and 8 Warehouse and 3 Service Center.
• Analysis of Advance accounts and Accrued, Prepaid Expenses and prepares the proper reports which demonstrate the update status.
• Carrying out the day to day operations and make the proper allocation to the related accounts.
• Supervising and reviewing Cash and Credit Sales.
• Handling all fixed assets.
• Preparation of Monthly Payroll.
• Preparation Bank reconciliation and Cash Management reports.
• Preparation of the Annual /periodic financial results with the accompanied commentary and analysis.
• Preparation of the Annual /Periodic Financial results with the accompanied commentary and analysis.
• Preparing Yearly Budget and KPI's for all items in the financial statements along with any required commentaries.

• Involved in strategic decisions including (Long term loans, setting Vendors Credit Limit, Working Capital management …..etc).
• Preparation of the Annual /periodic financial results with the accompanied commentary and analysis.
• Supervising and reviewing Order intake report, Monthly financial report and response to any queries raised by the head office
• Handling Head office financial Audit throughout preparation of audit requests, resolving any issues negotiating the draft audit report until get formalized and follow up of audit findings until closure.
• Performing and supervising Stock Control, Pricing, Quotation, Inventory and Warehouses Management.
• Preparing Yearly Budget and KPI's for all items in the financial statements along with any required commentaries.
• Producing monthly revised budget to reflect any changes in the (Market share, Sales projects, and new tenders….etc).
• Preparing and handling all Tax related issues with the Tax authority in KSA including (preparation of Tax returns, deferred tax report, management Tax Audit …….etc).

• Participate actively in the development of an efficient, effective, accurate and well communicated BGE Budget process, Perform month end close including (Posting of revenue, prepayment and accounts payable accruals journals).
• Preparation Bank reconciliation and Cash Management reports.
• Handling all fixed assets transactions along with inventory and warehouse management.
• Analysis of Advance accounts and prepares the proper reports which demonstrate the update status.
• Performing the Audit of all the payments made by the main safe in respect with the company's policy, delegation of authority and the financial limitation.
• Review and allocate all employees expense reports
• Carrying out the day to day operations and make the proper allocation to the related accounts.

• Preparation of the Annual /Periodic Financial results with the accompanied commentary and analysis.
• Managing the company's external Auditors process.
• Setting the standard costs for new products.
• Monitoring the depreciation for all fixed assets & carrying out the reports related to management decisions.
• Playing an active role in supporting various parts of the business (e.g. Production, planning ….etc).
• Improving the control over sales system through sales analysis by product in terms of volume and price variances budget and last year.
• Perform the month end close procedure.
• Handling all financial transactions and reports.

• Training all client users on the Accounting System sold by the company.
• Understanding the client management needs and explain it to the IT Programmers to customize the system accordingly.
• Resolve the technical accounting problems/issues and provide any accounting consultancy needed.
• Ensure successful system implementation and fully understanding of the system by all clients' users.

Assigned as an in charge to perform year end audit for wide variety of companies including industrial, service providers, distribution, construction and nonprofit organizations. My responsibilities cover the following audit phases:
Planning phase: Survey functions and the documentary cycles to assess the adequacy of the control system. Accordingly, the overall audit plan could be developed.
Fieldwork phase: includes the implementation of audit procedures to all trial balance accounts ( cash, receivables, payables, fixed assets, revenues, expenses, shareholders equity, investments and long term debts, if any) to ensure that they are recorded, posted and presented in accordance with International Financial Reporting Standards (IFRS).
Reporting phase: concluding the results of the engagement and reporting it to the corresponding manager, discussing observations and recommending corrective actions.
Attending the annual stock take and all related inventory reports and variance analysis.