Mohammad A Obeid

Highlights as Director of Accounting and Financial Operations (Riyadh, Saudi Arabia)
• Orchestrated Comprehensive Financial Strategy: Spearheaded the development and execution of comprehensive financial plans, directing the overall accounting practice and ensuring fiduciary responsibility for the organization's financial health. Achieved success in managing financial performance by creating forecasts, implementing ongoing performance monitoring, and providing strong forward-looking analytical leadership.
• Strategic Risk Management Leadership: Played a pivotal role in risk management by meticulously analyzing the organization's liabilities and investments. Delivered impactful decision-making on investment strategies, considering cash and liquidity risks, and contributing to optimized financial outcomes.
• Optimized Fundraising and Capital Structure: Demonstrated proficiency in controlling and evaluating the organization's fundraising plans and capital structure, ensuring alignment with strategic objectives. Effectively managed the credit control and collection function to maintain appropriate cash flow for seamless operations.
• Efficient Finance IT System Implementation: Established and oversaw the implementation of the company's finance IT system and related integrations. Ensured streamlined financial processes and enhanced efficiency in day-to-day operations.
• Strategic Collaboration and Financial Planning: Collaborated seamlessly with the company's VPs, CEO, and President to develop strategic plans and provide strategic financial recommendations. Facilitated impactful decision-making through strategic alignment and financial foresight.
• Cost Reduction Initiatives and Payroll Oversight: Reviewed financial reports and implemented methods to reduce costs, showcasing a commitment to financial efficiency. Streamlined payroll processes, overseeing monthly payroll for all countries, ensuring accuracy and timeliness.
• Exemplary Audit Oversight: Maintained exemplary oversight over annual audits, ensuring timely completion for all countries with minimal or no adjustments.

Highlights as Regional Chief Accountant (Amman, Jordan)
• Global Oversight of Accounting Operations: Successfully managed and provided global oversight to the accounting department for multiple countries, ensuring seamless financial operations and compliance with international standards.
• Efficient Financial and Cost Accounting Leadership: Directed the full spectrum of financial and cost accounting responsibilities, including AR, AP, GL, forecasting, and budgeting. Achieved excellence in day-to-day financial and accounting operations, ensuring accuracy and adherence to timelines.
• Streamlined Financial Reporting and Payments: Spearheaded the timely preparation of consolidated financial statements, payments, and cash-flow management reporting. Implemented efficient systems for project cost forecasts, budgets, and monitoring, contributing to enhanced financial visibility.
• Robust Internal Control Implementation: Developed and maintained a robust internal control system and effective accounting policies, ensuring compliance with regulatory requirements and reinforcing the integrity of financial processes.
• Intercompany Transaction Alignment: Ensured accurate booking of intercompany transactions in alignment with management agreements, fostering transparency and accountability in financial dealings.
• Continuous Trial Balance Maintenance: Maintained an up-to-date Trial Balance, demonstrating meticulous attention to detail and accuracy in daily financial booking. This contributed to a reliable foundation for financial reporting and analysis.
• Timely and Accurate Financial Statements: Delivered accurate and timely financial statements to the management on a monthly basis, providing critical insights for strategic decision-making and organizational planning.

• Analyzing financial data and developing financial models and cost projections.
• Creating reports and updates based on data analysis.
• Assisting with proposals, planning, budget creation, and special projects.
• Conducting cost analyses, benchmarking, and risk assessments.
• Assisting with development, implementation, and review of fiscal policies.
• Keeping up with industry news, trends, and opportunities.
• Ensuring compliance with industry standards and rules, as well as prov/state/federal legislation.
• Supporting accounting team as needed and helping with tax, reporting, and audit activities and special projects.

• Utilized advanced financial analysis techniques to interpret data, developing intricate financial models and cost projections, thereby enhancing decision-making processes.
• Played a pivotal role in proposal development, strategic planning, and budget creation, showcasing a keen understanding of financial intricacies. Contributed to the successful implementation of projects through meticulous financial planning.
• Conducted comprehensive cost analyses, benchmarking exercises, and risk assessments, contributing to the establishment of effective financial strategies and risk mitigation plans.
• Collaborated in the development, implementation, and review of fiscal policies, ensuring alignment with organizational goals and compliance with industry standards.
• Maintained current knowledge of industry news, trends, and opportunities, facilitating proactive decision-making. Ensured organizational compliance with industry standards, rules, and pertinent prov/state/federal legislation.
• Provided versatile support to the accounting team, contributing to tax activities, reporting, and audit processes. Played an integral role in special projects, reinforcing organizational financial stability and regulatory adherence

The company’s main activities are in Digital Communications field "For more info about the company, kindly visit www.otsdc.com".

I joined the company as a “Senior Accountant” and progressed through “Cost Controller” to “Budgeting & Reporting Manager”.
Main responsibilities include:
• Preparing budgets and financial plans.
• Preparing financial reports and statements.
• Analyzing financial trends and variances.
• Monitoring the performance of each department.
• Controlling daily financial transactions.
• Responsible over corporate costing operations.
• Preparing accounting entries.
• Preparing bank reconciliation statements.
• Receive revenue sheets containing consumptions of deferred revenues.
• Maintain price lists and customer contracts.
• Follow up the daily aging report and report customers monthly accounts.
• Perform calculations for sales commissions and rebates for all offices.
• Prepare required Zakat & Tax required returns and forms.
• Report the tax claims and payments as per local regulations applied.
• Interact with internal and external auditors in completing audits.
• Auditing company accounts with the banks and the branches accounts and make the necessary reconciliations and notifications.
• Preparation of the monthly salaries and the salary transference bank letter.
• Makes and implements recommendations to improve accounting processes and procedures.
• Other accounting operations and periodic reports.

Growth Path
Feb’13 - Dec’13: Senior Accountant
Jan’14 - Dec’14: Cost Controller
Jan’15 - Mar’15: Budgeting & Reporting Manager

Highlights
• Successfully prepared comprehensive budgets, financial reports, and statements, providing accurate and insightful data crucial for strategic decision-making and organizational planning.
• Demonstrated proficiency in analyzing financial trends and variances, offering valuable insights to drive proactive financial management and optimize resource allocation.
• Implemented effective tracking and analysis of revenues, calculating deferred revenue consumption, leading to enhanced financial forecasting and revenue optimization.
• Successfully prepared Zakat and Tax returns and forms, ensuring compliance with local regulations and contributing to accurate financial reporting.
• Implemented recommendations to enhance accounting processes and procedures, contributing to increased efficiency and accuracy in financial operations.
• Executed various other accounting operations and periodic reports, showcasing versatility and proficiency in handling diverse financial tasks.

The company’s main activities were in manufacturing and retails trading field.
Main responsibilities included:

• Preparing accounting entries.
• General Ledger Operations.
• Monthly closings and preparation of monthly financial statements.
• Reconcile and maintain balance sheet accounts
• Draw up monthly financial reports.
• Prepare analysis of accounts as requested.
• Administer accounts receivable and accounts payable.
• Prepare tax computations and returns.
• Assist with payroll administration.
• Account/Bank Reconciliations.
• Assist with preparation and coordination of the audit process.
• Communicate to sales and related departments throughout his duties.
• Receive invoices from vendors and prepare the payment vouchers.
• Follow up the daily bank position.
• Perform other financial tasks triggered by regional financial controller.
• Adequate documentation for accounting journals and documents.