Mohammad Al Bourini

• Serve as a key strategic partner to the Country GM and Regional Leadership, providing financial insights and recommendations that directly influence business decisions and growth strategies.
• Own annual budgeting, rolling forecasts, and financial planning aligned with corporate objectives.
• Led feasibility studies and sensitivity analysis presented directly to senior leadership to support strategic investment decisions and capital approvals.
• Monitor financial performance versus budget and prior year, providing variance analysis and corrective action plans.
• Conducted reviews of Control Self-Assessment (CSA) reports to enhance internal controls framework and close identified process gaps.
• Led preparation of monthly and quarterly management packs for C-suite and executive review; partnered with corporate office to contribute to Board of Directors (BOD) pack, ensuring accurate and impactful financial narratives at the highest decision-making level.
Key Contributions & Achievements
• Corrected SAR 6M overstated accruals through deep balance sheet review, improving reporting accuracy.
• Improved EBITDA by SAR 2M through targeted turnaround initiatives for underperforming locations.
• Led cross-functional team to restore business profitability post-COVID, achieving positive net profit for the first time.
• Restructured loss-making management agreement with, reducing annual losses by SAR 7M in year one, then achieving a zero-loss position in subsequent periods.

• Managed month-end and year-end close processes in line with Head Office timelines.
• Ensured accuracy and integrity of trial balance and statutory financial statements.
• Strengthened internal controls and ensured compliance with group finance policies.
• Coordinated with internal and external auditors to support audit requirements.
• Collaborated cross-functionally with Operations, Legal, and HR departments to align financial controls with business operations and support management in informed decision-making.


Key Contributions & Achievements
• Identified and reversed SAR 19M overstated accruals, significantly improving financial reliability.
• Negotiated cost optimization initiatives delivering SAR 5M utility savings.
• Generated SAR 2M savings via commercial contract renegotiations.
• Successfully managed internal and external audit processes.

• Produced consolidated trial balances across multiple operating companies to support
management decision-making.
• Initiated HR module setup for system integration purposes.

Acted as the pivotal finance business partner to Store Management, Commercial, Operations, and HR teams, ensuring financial performance goals were embedded across all departments.
• Led operational finance and commercial finance activities at store level.
• Managed inventory control, stock processes, depreciation, and shrinkage.
• Prepared and monitored annual budgets, forecasts, OPEX, and CAPEX.
• Developed KPI tracking tools to improve financial and operational performance.
Key Contributions & Achievements
• Reduced stock discrepancies by 30% versus budget targets.
• Reduced operational waste by 15% through performance monitoring.
• Improved working capital by reducing stock-in-days by 2 days.

Ensured control over gross margin, closing stock, and shrinkage calculation, and created consolidated working sheets to ensure accuracy and enhance team productivity.
• Managed supplier agreement deductions, utilizing the SNA (supplier negotiation agreement) system to ensure timely deduction of all supplier fees.
• Established guidelines for the Call Center team to improve efficiency and foster departmental development.
• Ensured timely and accurate completion of reconciliations, including Cheques in Hand, landed cost calculation, provision account, purchases, and supplier reconciliations.

Achievements
• Resolved differences and claims in suppliers statement of accounts (SOA) by thoroughly reviewing inception-to-date SOAs, resulting in the resolution of $1 million with the support of relevant documents and interpretation of contract clauses.
• Optimized cash flow by factoring supplier payables through the issuance of advances with an interest outcome of $300, 000.
• Enhanced business partner experience by implementing an AP call center to address their requests and inquiries promptly.
• Implemented a systematic approach to enhance and review key performance indicators (KPIs) in order to meet targets

• Led accurate month-end close for all GL accounts.
• Ensured compliance with internal policies, IFRS, VAT, and income tax regulations.
• Reviewed monthly P&L and balance sheet for accuracy and standardization.
• Approved payroll transactions and statutory deductions.
• Restructured accounting operations improving productivity and controls.
• Reduced tax cash-out by 1% through improved classification and compliance reviews