Mohamed Elsayed

• Lead full accounting operations for RISAL (revenue: SAR 300M+), including month-end close, IFRS financial reporting, and
management accounts for executive decision-making.
• Manage, mentor, and develop a team of 14 accountants across two entities, ensuring accurate, timely transaction processing and
reconciliations.
• Drive month-end close completion to the 10th of each month, down from the 25th-30th, a 2-3 week improvement.
• Own the end-to-end IKTVA and Local Content reporting process: preparation, review, submission, and Saudi Aramco/LCGPA
certification — maintaining zero compliance breaches.
• Coordinate annual external audits and liaise with auditors to ensure accurate, complete financial disclosures.
• Monitor cash flow, budgeting, and rolling forecasts to support business planning and cost control.
• Design and implement internal controls to strengthen financial governance and transparency

• Managed the full monthly, quarterly, and annual financial close cycle (IFRS) for RISAL, preparing Balance Sheet, Income
Statement, and Cash Flow Statement.
• Conducted detailed variance analysis to identify cost-saving opportunities; findings directly informed management decisions.
• Oversaw General Ledger integrity, journal entries, reconciliations, and supporting documentation.
• Delivered IKTVA and Local Content reports (quarterly and annual) to Saudi Aramco and LCGPA — achieved full certification for
every submission since 2019.
• Coordinated with procurement and HR teams to collect, validate, and submit Local Content data.
• Ensured full compliance with ZATCA tax regulations; coordinated VAT and Zakat filings.
• Managed AP and AR functions, bank reconciliations, and balance sheet reconciliations.
• Lead the budget preparation process.

• Recorded journal entries, maintained reconciliations, and supported monthly closings.
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Assisted with project budgeting and expense monitoring.
• Prepared management reports and ensured accuracy of cost allocations.
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Worked closely with procurement and operations teams on vendor payments.
• Supported implementation of accounting system enhancements.

• Managed full-cycle accounting for a multi-site catering and facility management operation.
• Prepared financial statements, budget forecasts, and variance reports for senior management.

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Analyzed cost variances and developed cost allocation models to improve project profitability tracking.
• Supported management in pricing strategy and margin optimization.
• Collaborated with operations and procurement on expense controls and performance monitoring.
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Assisted in the preparation of budgets and performance monitoring reports.

• Prepared annual budgets and monthly forecasts across multiple business units.
• Monitored actual performance versus budget and reported variances.
• Supported project teams in financial planning and control.
• Prepared management dashboards and financial performance reports.

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Analyzed project costs, profitability, and performance trends across catering service contracts.
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Assisted in tender pricing and cost estimation; developed monthly project performance reports.

• Handled daily transactions, reconciliations, journal entries, and AP/AR processing.
• Supported month-end and year-end close, and prepared schedules for external audits.