Mohamed Ali Abdellatif Ali

Al Nahdi Medical Company (NMC) is the largest company dealing in pharmacies and medical equipment (Medicine Trading) in Jeddah, Saudi Arabia.

Highlights:
• Played a pivotal role in implementing Oracle in the organization.

Key Responsibilities:
• Directing the preparation of the policies, procedures, statutory, quarterly accounts and maintaining supporting records for consolidated financial statements/accounts for the entire department in accordance with standard accounting practices, managing monthly management accounts cycle and forecasting cash flows.
• Designing annual budget guidelines to optimize project cash flows, managing working capital requirements, re-organizing processes for optimal utilization of financial structures for the group companies.
• Managing accounts for suppliers, consultant staff, liaising with banks and auditors, follow up on contracts with the customers and negotiate the cost of contract with them.
• Directing various financial accounting activities like review of accounts payable, purchase order, cash receipts, business licenses, payroll management, utility billing, invoicing, refunds, , collection of accounts receivable, management, payment of suppliers and contractors, prepare, check and distribute expenditure reports to all departments.
• Delivering audited financial statement at year-end. Reviewing, developing and implementing modifications to auditing procedures assuring conformity to accounting policy to increase effectiveness and efficiency of auditing.

Key Responsibilities:
• Developing and administering the annual budget, forecasting financial expenditures for staffing, equipment, materials and supplies, monitoring and approving expenditure.
• Streamlining the preparation of monthly /quarterly and annual financial reports/ consolidating financial statements that summarize and forecast the financial position, such as balance sheet, profit/ loss statements, budget report and cost report and provided valuable inputs to the management.
• Identifying requirement of additional workforce, conducting training sessions to develop highly proficient accounting/ financial management team to achieve/surpass defined organization’s targets/goals.

Key Responsibilities:
• Planned and managed group cash flow, led business planning effort, annual budgeting, forecasting, project financing, fund raising, treasury management and structured financial strategies to ensure smooth cash flow and streamline budgets.
• Directed the preparation of the statutory and quarterly accounts and maintained supporting records for consolidated financial statements / accounts for the entire group in accordance with standard accounting practices, improved monthly management accounts cycle and forecasting cash flows.
• Assisted Managing Director in financial aspect / administration of the group companies and contributed to the development of the overall financial aspect of the group.
• Responsible for the whole array of financial activities including risk management, insurance and guarantees.
• Reviewed/devised financial/income statements, balance sheets, internal audit, cash flow projections and quarterly principal profit and loss to reduce cost and ascertain budget compliance.
• Reconciled customers /suppliers ledger account balances. Verified and released all vendor payments in compliance with company procedures.
• Prepared appraisal reports and feasibility reports for new ventures and reviewed/discussed it with the management and the Board.
• Executed comprehensive timely management reports, led annual audits, reviewed operational status, prepared statutory reports and submitted the same to BOD to facilitate sound decision making.
• Implemented quantitative risk management techniques for effectual evaluation and prioritized due diligence activities to assess project risks and financing issues.

Key Responsibilities:
• Directed, controlled financial resources of organizations and development projects, thus delivering full spectrum of finance and accounting functions.
• Tracked all key business and monetary issues pertaining to accounting operations including payables, receivables and monthly reconciliation.
• Planned and supervised preparation of monthly budgets/ financial statements and bank reconciliations enabling smooth finalization of company accounts.
• Examined/ analyzed journal/ ledger entries, bank statements, inventories, expenditures, consolidated financial statements, tax returns and other accounting/financial records.
• Ensured financial recording accuracy and compliance with established accounting standards, procedures/ internal controls and applicable laws, and regulations.
• Performed preliminary analytical procedures and statistical sampling for testing and identified unusual or unexpected balances/ transactions and relationships.
• Assisted in the preparation of monthly management reports, accompanying schedules, worksheets and narratives, including budget vs. actuals, variance reports and provided follow-up and documentation for significant variances.

Key Responsibilities as Administration Manager:
• Managed all facets of administration, extensively liaised within and outside the company for resolving issues related to human resources, facilities and operations.
• Performed a wide array of administrative activities including inventory of office supplies and management of daily departmental activities.

Previous Professional Experience:
• June 2002 - August 2004: Financial Manager, Tamah International Group, Riyadh, Saudi Arabia.
• June 1997 - June 2002: Chief Accountant, Humeidan and Khowaiter Company, Riyadh, Saudi Arabia.
• June 1994 - June 1997: Senior Accountant, Humeidan and Khowaiter Company, Riyadh, Saudi Arabia.
• Please Specify Month 1992 - Please Specify Month 1993: Accountant and Administrator, Engineers Syndicate, Egypt.

Key Responsibilities as Finance Manager:
• Managed and oversaw financial disciplines, including strategic planning, financial budgeting and forecasting.
• Directed a team of highly qualified finance professionals in planning and evaluating Finance Department operations and implemented control measures to ensure economic viability and operating efficiency.
• Spearheaded the development and implementation of group accounts consolidation, financial policies, procedures and systems including general ledger, accounts payable, cost accounting and financial reporting for senior management to ensure maximize/optimized cash flow and streamline budgets.
• Communicated effectively with auditors, company executives and functional managers to implement accounting procedures across departments in line with local accounting and legal requirements.
• Computed operational and maintenance cost estimates. Devised budgets and effected cost cutting measures in coordination with line managers to maintain adherence to objectives and deliver quality service.
• Prepared and reviewed Profit & Loss and associated financial statements, summaries, and other cost-benefit analysis and drafted financial management reports as per organizational policies and procedures.
• Provided monthly reports to the executive director and Board of Directors, including cash flow, financial benchmarks and long-term financial forecasts.

Key Responsibilities as Administration Manager:
• Led all HR, administrative and compliance issues, security and safety, secretariat and administration as per organizational standards.
• Oversaw all elements critical to the success of the HR; namely front-end and needs analysis, job postings, sourcing, interviewing and employee offers.
• Audited supplier invoices against company raised purchase orders in line with company reporting rules and international accounting standards.