محمد السلطان

• Point of contact regarding company projects in Western & Eastern regions.
• Contracts management and invoicing with contractors and sub-developers.
• Cash flow forecasting for each project.
• Submitting financial statement for each project to WAFI.
• Communicating with external CPAs for projects reporting to WAFI.
• Managing a team of financial portfolio specialists and projects controllers

• Manage a team of 9 employees centralized to serve all SABIC MEA Affiliates.
• Perform monthly & quarterly legal reporting analysis (changes from period to period) for
the use to report to SABIC Executive Management and for Quarterly Publication to
shareholders.
• Support Controllership in External Auditors inquiries and requirements.
• Perform checks to ensure SAP system data quality.

Ensure the company financials (Statutory reporting) are compliant with the accepted accounting and
financial reporting standards in Saudi Arabia and as per IFRS.
 Monitor and control capital expenditure, assets under construction and properly plant & equipment.
 Handle the accounting and Financial Control for Joint operation business activities and the ownership of
affiliates.
 Coordinate all accounts payable and receivable activities.
 Monitor and control inventory ( raw materials, spare parts, and finish goods)
 Coordinate physical stock count activities.
 Prepare financial statement ( income statement, balance sheet, cash flow, statement of equity, and notes
to the accounts)
 Adhere and act as the custodian of Master Authority schedule, ensuring internal control and segregation
of duties.
 Manage and handle all board related affairs.
 Manage all internal and external related audit activities (Finance & Planning related).
 Monitor and control balance sheet ensuring timely update including but not limited to accruals and
prepayment control

Overseeing treasury activities, Accounts Receivables, Accounts Payables and Cash Management.
 Managing relations with banks: account control, transfer requests & guarantees issuance.
 Participated in merging treasury divisions of Petrokemya & SADAF.
 Managing daily cash activities: time deposits, foreign exchange & payroll run.
Point of contact for SABIC treasury requirements such as future cash flow forecast and dividend
payment.
 Controlling Capital Expenditure budget and allocating funds to site projects.
 Prepare and report ongoing site projects, turnarounds and Mega Projects budget status to Management
and prepare Board of Directors Capital Expenditure reports.
 Close and capitalize finished site projects in alignment with Project Development Team.
 Capitalized 3 Mega Projects in alignment with Engineering & Project Management Team.
 Engaged with SABIC Financial Modeling Team to develop the business case and financial assumptions for
Jubail Nexlene Company Project.
 Handles External and governmental auditors’ inquiries and requirements related to treasury and capital
projects.

Responsible for reviewing Money Market and Foreign Exchange deals and matching confirmation before
executing cash payment.
 Resolve unreconciled balances in nostro accounts and make required entries.
 Monitoring bank’s stock and bonds portfolio, execute payments and journal entries.

Tasks:
 Evaluating the credit proposal as per the bank policies.
 Approve, decline or refer the credit proposal for (Personal Finance and credit cards)
 Analyze Saudi Credit Bureau reports for applicants and make sure it is within the bank stated policy.
 Currently part of the User Acceptance Testing (UAT) team for the new developed system.
 Working on Application Lifecycle Management (ALM) Systems.
 Executing Test Cases as a user on the testing environment and make sure the results as per the business requirements.
 Raise defects using ALM system where the new system fails to meet the business requirements or dis-function.
 Daily reporting on the progress of the UAT test to the line manager highlighting where the system fails.

Tasks:

 Assist in annual budget preparation and enter budget data into the budget accounting system.
 Inform unit heads of due dates for the submission of budget information.
 Review proposed budget submissions from unit heads for accuracy and completeness.
 Propose enhancements to the budget model.
 Collate capital budget requests and submit to manager with recommendations.
 Coordinate capital budgeting approvals.
 Review the budget model for calculation errors.
 Create a consolidated budget for management approval.
 Compare actual to budgeted results at the end of each reporting period.
 Update the budget model as requested to account for significant changes in the business environment.
 Maintain the budgeting policies and procedures manual.
 Analyze monthly department budgeting and accounting reports to maintain expenditure controls.
 Prepare regular and special budget reports
 Assist in the preparation of monthly and quarterly management budget and accounts report and respond to queries from budget holders.
 Adjust budgets as a result of unit heads periodical reviews with management.
 Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
 Update budgets and prepare recommendations for the approval or disapproval of funds requests.
 Review operating budgets to analyze trends affecting budget needs.
 Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
 Compile and analyze accounting records and other data and submit recommendations to determine the financial resources required to implement a program.
 Ensure there is a healthy tension between budget and finances.
 Advise the IT management and IT unit heads on impact of budget commitments and communicate arising matters.
 Prepare financial projections for management review.
 Follow internal budgeting processes and controls and maintain budget limitations in alignment with GIB’s business processes.
 Prepare payment requests for procurements and expenses and ensure that the approvals are routed through the proper management channels.
 Conduct reviews and evaluations for cost-reduction opportunities.
 Liaise with auditors to ensure annual monitoring is carried out.
 Testify before examining and fund-granting authorities, clarifying and promoting the proposed budgets.

Accomplishments:

 I was part of Enjaz2015 project for converting the bank to a pan GCC bank with universal expertise.
 Handled and prepared a 7-year plan budget for IT
 Acted as a first contact in matters related to Audit and Financial controls.
 Made manual payment tracking system for each project within Enjaz2015 in the absence of specialized software solution.

 Check reports from franchisee.
 Receive payments for insurance policies.
 Make reverse entries to clients' accounts who had surplus.
 Enter payments of policies directly to the general ledger.
 Analyze clients' accounts on demand to remove all paid invoices.
 Open the system for users after checking reports and receiving payments.
 Bank reconciliations.

Feb - Aug 2010 KPMG Al-Khobar
Assistant Auditor- Co-op Program
 Perform audit in client premises.
 Audited Cash and cash equivalents and performed cut-off procedures.
 Audited fixed assets and performed depreciation reasonableness test.
 Prepared final audit reports in Arabic & English.
 Performed reconciliations on expenses and inventory.
 Checked the accuracy of fixed asset reclassification and written-off.
 Performed several procedures on other parts of the balance sheet and the income statement.
 Performed an inventory stock count and stock count observation.