Mu'taz Bakri

• Perform & oversee of treasury activities related to cash flow, borrowings, debt, and capital management.
• Working capital funding arrangement & management.
• Review anddriveimprovementsincashmanagement, ensuring financial obligations are met in accordance with company policies and procedures.
• Establishesandmaintainscommercialbanking relationships.
• Recommend bank products and services to streamline processes, reduce costs, and improve customer experience.
• Responsible of all bank guarantees, LC & all issues relating to banks.
• Control the company’s financial exposure.
• Exploring various options for reduction in finance costs & bank charges.
• Manage cashflow forecasting & planning process, analysis, and reporting.
• Supplier payment analysis and planning.
• Maintenance and updates of treasury, accounts receivables, credit & collection policies.
• Manages accounts receivable billing and collections.
• Ensure appropriate credit limits and terms are assigned based on customer risk.
• Dealing with credit rating agencies and getting ratings renewed on annual basis.
• Supporting in monthly accounts closing including cashflow statement and audit.

• Perform & oversee of treasury activities related to cash
flow, borrowings, debt, and capital management.
• Working capital funding arrangement & management.
• Review and drive improvements in cash management,
ensuring financial obligations are met in accordance with
company policies and procedures.
• Managing the FX risk across the group of companies.
• Establishes and maintains commercial banking
relationships.
• Recommend bank products and services to streamline
processes, reduce costs, and improve customer
experience.
• Responsible of all bank guarantees, LC & all issues
relating to banks.
• Control the companys financial exposure.
• Exploring various options for reduction in finance costs
& bank charges.
• Manage cashflow forecasting & planning process,
analysis, and reporting.
• Supplier payment analysis and planning.
• Maintenance and updates of treasury, accounts
receivables, credit & collection policies.
• Manages accounts receivable billing and collections.
• Ensure appropriate credit limits and terms are assigned
based on customer risk.
• Dealing with credit rating agencies and getting ratings
renewed on annual basis.
• Supporting in monthly accounts closing including cash
flow statement and audit.

• Prepare complete reporting package to Finance Manager in accordance with IFRS.
• Manage group reporting for head office and subsidiaries & timely delivery of ad hoc analysis to meet management requests.
• Manage the investment related activities & prepare the related journal entries.
• Perform and manage monthly closing process including review of journal entries and reconciliations for: bank, payroll, sub ledgers, affiliate & intercompany accounts.
• Manage and oversee the daily operations of GL, payroll, revenue and capital assets.
• Manage the financial accounting team & provide the required support during the absence of Finance manager.
• Maintain and reconcile general ledger accounts, review journal entries for (Accruals, prepaid expenses, government grants, payroll and fixed assets) and ensure transactions posted to GL comply with IAS & GAAP.
• Perform and Manage the assets reconciliation by reviewing the asset register report, assets clearing accounts, creating fixed assets journals, tracking additions of assets in the system, assets retirement & periodic impairment reviews for intangible assets.
• Manage and reconcile the payroll related accounts to ensure that all entries are accounted properly including staff provisions, loan and accrued payroll adjustments.
• Monitor all government grants revenue, grants receivable & deferred revenues.
• Liaise with external auditors, internal auditors, state audit bureau and quality auditors by answering and resolving audit queries.
• Focal point for all system related issues and improvements relating to the financial modules in Oracle ERP Fusion & Oracle E-Business Suite including new financial project implementation & automation.
• Interface with company quality team to maintain IMS (Integrated Management System) requirements within the department including (Work procedures, risk register, KPI’s monitoring) and ensure compliance with Finance policy & procedures.

• Prepared complete reporting package to Finance
Manager in accordance with IFRS.
• Managed group reporting for head office and subsidiaries
& timely delivery of ad hoc analysis to meet management
requests.
• Managed the investment-related activities & prepared
the related journal entries.
• Performed and managed the monthly closing process
including review of journal entries and reconciliations for
bank, payroll, sub-ledgers, affiliate & intercompany
accounts.
• Managed and oversee the daily operations of general
ledger, payroll, revenue and capital assets.
• Managed the financial accounting team & provided the
required support during the absence of Finance manager.
• Maintained and reconciled general ledger accounts,
reviewed journal entries for (Accruals, prepaid expenses,
government grants, payroll and fixed assets) and ensured
transactions posted to GL comply with IAS & GAAP.
• Performed and managed the assets reconciliation by
reviewing the asset register report, assets clearing
accounts, creating fixed assets journals, tracking additions
of assets in the system, assets retirement & periodic
impairment reviews for intangible assets.
• Managed and reconciled the payroll-related accounts to
ensure that all entries are accounted properly including
staff provisions, loan and accrued payroll adjustments.
• Monitored all government grants revenue, grants
receivable & deferred revenues.
• Liaised with external auditors, internal auditors, state
audit bureau and quality auditors by answering and
resolving audit queries.
• Focal point for all system-related issues and
improvements relating to the financial modules in Oracle
ERP Fusion & Oracle E-Business Suite including new
financial project implementation & automation.
• Interface with company quality team to maintain IMS
(Integrated Management System) requirements within the
department including (Work procedures, risk register, KPIs
monitoring) and ensure compliance with Finance policy &
procedures.

• Prepare the annual Budget for used cars centers and the monthly Actual vs Budget analysis reports.
• Prepare and review the quantitative and qualitative KPI’s reports for all used cars centers on quarterly basis and report them to management.
• Control the costing process of stock all during the receiving process.
• Review the trial balance, general ledger and stock taking reports for the centers on a regular basis to prepare monthly financial reports.
• Report to management of any deviations from procedures such as sales and revenue analyses and expense trends on a regular basis by monitoring the daily cash and bank movements to be able to prepare sales financial report.
• Responsible for ensuring that all financial transactions are conducted as per company policies and procedures by directing the activity of the accounting staff in the sub-region and ensure tasks are completed as per schedule.

• Managed the budgeting team of used cars office.
• Prepared the annual master budget for used cars centers
as well as reviewed the departmental budgets in line with
the budget plan.
• Prepared the monthly actual vs budget analysis reports
and presented them to the financial controller.
• Prepared the quantitative and qualitative KPIs reports
for all used cars centers on a quarterly basis and reported
them to the financial controller.
• Reviewed the trial balance reports for the used cars
centers on a regular basis to ensure timely preparation of
monthly financial reports.
• Reported to the financial controller of any deviations
from procedures such as sales and revenue analyses and
expense trends on a regular basis.
• Responsible for ensuring that all budgeting transactions
are conducted as per company policies and procedures.

• Control of all assets additions and disposals as well as all inventory stock receiving and issuing transactions.
• Approve and post the recorded invoices of fixed assets and inventory transactions.
• Monitor proper financial reflection to the fixed assets and inventory operations in addition to resolving the accounting discrepancies and redirecting the charging accounts.
• Preparation of month-end reconciliation of accounts & transactions for both fixed assets and inventory.
• Reconcile the inventory & fixed assets accounts to the general ledger and having the register of fixed assets reconciled with the related accounts.
• Control of all inventory & fixed assets GL accounts (Cost of goods sold, items under consignment, depreciation and all clearing accounts) by having them reconciled with modules.
• Prepare and analyze the reports being requested by management including the inventory slow moving items, fixed assets movement and the financial ratios (inventory turnover ratios).
• Manage, control and supervise the periodical stock-taking of fixed assets & inventory items for (Warehouse, shops and others if needed).
• Contribute in the fixed assets insurance yearly project.
• Responsible for the security, confidentiality & integrity of all information related to the Assets & inventory in accordance with the company’s information security policies.
• Review, validate and approve the prepared bank reconciliation.
• Review, validate and approve the deferred revenues before being posted.

 Using Oracle ERP system:
• Monitor proper financial reflection to the inventory & receivable operations in addition to resolving the accounting discrepancies and irregularities.
• Reconcile inventory & receivable accounts to the general ledger.
• Stock management, control and supervise the periodic inventory stocktaking.
• Prepare and analyze the reports in accordance to management and decision maker’s requirements.
• Managing the monthly financial closing process for inventory & receivable modules.

 Using Oracle ERP and Great Plains ERP systems in addition to the billing and CRM systems:
• Reconciling receivable accounts across external & internal evidences; by applying the existence and completeness concepts on different systems; billing and accounting.
• Preparing and managing the monthly services revenue reports.
• Fixed assets depreciation, disposal & acquisition schedule maintaining.
• Managing A/P on a timely and regular basis by Processing of vendors invoices, credit notes and payments.
• Preparing the bank accounts reconciliations.

Using Oracle ERP, Great Plains ERP, RSS billing and CRM
systems:
• Reconciled receivable accounts across external & internal
evidence; by applying the existence and completeness
concepts on different systems; billing and accounting.
• Prepared and managed the monthly services revenue
reports.
• Processed vendors invoices, credit notes and payments
on a timely and regular basis.
• Prepared the bank accounts reconciliations.

• Follow up and control on all sales and income tax issues.
• Control of the different accounts (Prepaid expenses, deferred revenue and sales tax).
• Preparation of month end payroll.
• Preparation of employees income tax and social tax payment.