Muhammad Saied

Financial Controller at Battoyor Holding Company , Heba Fire and Safety

• Saudi Arabia - Khobar
• My current job since July 2015

• Project Control: control project by 150 $ Million have variety of scope.
• Budget Process: Validate and approve OPEX & CABEX budget
• Banks, monitoring, controlling banks facility (LG, LC, Overdraft, Loans ) by 200 $ million
• Financial Analyses & Reporting Enhancements: Created structure and processes for sector wise
• Credit and Collections: decrease the outstanding by 80% and improve the DOS
• Cash Flow, improve projects cash flow from minus to by positive by 25%
• SAP Implementation” SAP ERP 6.0”: Intensely worked with SAP consultants to stabilize (SAP Controlling and SAP project system with results analysis for POC” percentage of the completion method”).
• Planning Process, approved and modified project schedules and monitoring resources and work in process (WIB)
• IFRS 15 Implementation: worked with Deloitte consultants, swapping from SOCPA to IFRS 15
• Performed cash management and controlled expenses of the company leading 20% reduction for 2020-2021.
• Invoicing Mechanism: Validate and approve projects invoicing Plan / invoicing / correction /cancelation
• Profitability improvement: Participated in companywide cost control to protect profitability by driving cost down and identifying loss making segments for corrective action which generate 7% increasing of gross profit.
• PMO Assist in Design and implement Finance’s strategy and roadmap to support in setting the project management office (PMO)
• KPI Develop metrics and tracking system for major cost drivers and allocation basis that help us to improve estimation cost.
• Earned Value: Applied earned value management through project life cycle leading 10 % cost saving from project budget.
• Revenue Recognition: applied IAS 11 and IFRS 15
• Tax applied and reporting value add tax (VAT)
• External Audit coordinating and finalizing financial statement with KBMG, Ernest and Young, GBS
• Financial statement generating income statement, cash flow, with forecasting business plan by each sector and division
• Sales and estimation monitoring pipeline and evaluating contract contractual terms and condition for maintenance and turnkey projects
• Overseeing accounts payables, Subcontract and fetching maximum discounts as possible

Financial Head / Planning In charge at Prime source Group

• Saudi Arabia - Dammam
• July 2010 to June 2015

Financial Controller / Treasury In charge at Bassam Industries Company LTD

• Saudi Arabia
• June 2009 to June 2010

Project Cost Controller at SAUDI BINLADIN GROUP

• Saudi Arabia
• January 2006 to January 2008

Head of costing department at Al-Muhaidib Co

• Saudi Arabia
• January 2004 to January 2005

Branch Assistant Manager at Egyptian American Paints and Coating Co

• Egypt
• December 2001 to December 2002

Exposed Fully in below Areas
❖ Proven experience in finance management (Construction &
Contracting)
❖ Negotiating and dealing with the Banks
❖ Strong ability negotiating with projects payables (Suppliers,
Subcontractors)