Mostafa Mohamed Elsesy

Finance Manager,
Business partner,
Financial professional,
Governance, Investment,
Cost-reduction,
Cost optimization,
Decision maker,
Team leading,
Financial models,

› Led full-cycle financial operations: budgeting, forecasting, reporting, and cash flow planning aligned with
organizational strategy.
› Drove revenue-focused financial planning, advising leadership on investment priorities and growth
opportunities.
› Optimized cost structures through vendor renegotiations and overhead reduction initiatives.
› Ensured compliance with VAT, Zakat, and international regulations; introduced FinTech solutions that
automated reporting and reduced processing errors.

- Managing, scheduling, and controlling all suppliers and vendors payments.
- Managing the cash outflow.
- Managing, monitoring, and controlling the costs.
- Managing and controlling all purchasing transactions (national, foreign, merchandise, non-merchandise)
- Managing and monitoring the agreed loyalty and margin compensation - with all brand partners.
- Managing and controlling all the Group insurance policies and claims.
- Managing and controlling all inventory provisions and write off.
- Strong experience in setting up the finance function within a shared service center.
- Strong management experience within a shared service environment.
- Expert understanding of Oracle fusion V16.
- Team Leader for 13 staff.

› Managed AP operations for a major listed retail group, overseeing disbursements across hundreds of
supplier accounts while leading a team of 13.
› Leveraged Oracle Fusion V16 to automate reconciliations, enforce payment controls, and align supplier
terms with cash flow objectives.

› Oversaw the full financial operations of one of Saudi Arabias largest automotive dealership networks —
AP, AR, GL, P&L, payroll, fixed assets, and ERP management.
› Delivered SAR 11M in savings through a comprehensive audit and renegotiation of bank loans and interest
agreements.
› Restructured the Fixed Assets Department, achieving full audit compliance and eliminating asset tracking
discrepancies.
› Managed and developed a regional finance team of 30 professionals; reported directly to the CFO and
senior leadership.
› Drove AR collections strategy, implementing systematic debtor follow-up protocols that reduced
outstanding balances significantly.

- Reporting to CFO, and the regional GM on, daily, weekly, monthly, quarterly, and annual basis.
- Budget preparation and forecasting for my area.
- Monthly performance actual Vs budget and issue the variances justification and recommendations.
- working with external auditors -big four- to issue the FS.
- Controlling and developing the ERP system.
- Team leader for 20 employees.
- Preparing Financial and Operational Policies
- System Analysis and Improving.
- Monthly closing for all accounts following the monthly closing checklist.
- Controlling cash on hand, bank accounts reconciliations.
- Confirming and approving all payments.
- Controlling all accounts, AP, AR, SL, PL, GL, prepaid accounts, accrued accounts, assets creation and disposal, and payroll.
- Controlling expenses, costs, floats, and petty cash.
- Controlling the stock and stock taking.
- Controlling the collection and aging.
- Controlling all daily operations.

- Reviewing the payroll and confirming.
- Reviewing monthly fixed assets creations and disposals.
- Reviewing all receivable accounts due and collections.
- Reviewing payable accounts aging.

- Preparing income general sales reports, inventory control, monthly cash flow statement.
- Confirming all daily journal entries posting them to the system.
- Preparing monthly bank reconciliation.
- Preparing P&L and financial statements.
- Preparing company budgets and forecasts.
- Preparing monthly/yearly consolidated financial statements.
- Managing and controlling company payroll.
- Preparing, monitoring, analyzing, and implementing financial accounting for all projects, sales and workshops operating.
- Checking financial transactions correctness and proper recording in the chart of accounts for daily transactions and journal vouchers.
- Confirming payments, bank reconciliation, bookkeeping, and all preparation of final accounts reports.

- Preparing Financial Reports, Forecasts & Review Reports.
- Analyzing Cost, preparing Cost Analysis sheet, and monitoring Standard Costing.
- Preparing Annual Budget & Rolling forecast. And control over Budget variance.
- Direct controlling payable and receivables and credit policies with payment terms.
- Supervising and Controlling Treasury, LC, LG, BG, Bank finances, and refinances.
- Monitoring all aspects of monthly payroll, GOSI premiums & policies, and EOSB.
- Monitoring Fixed Asset principles, procedures, and its applications towards the safeguard of assets.
- Organizing & coordinating with internal and external auditors for reviewing and implementing their recommendations properly as per GAAP and KSA SOCPA policy.
- Calculating Zakat base income and filing for the Zakat certificate from DZIT.
- Responsible for all accounting applications & functions within the organization.
- Presently working in the IERP system as a key user & supervising other end users.
- Develop & evaluate adequacy & effectiveness of internal controls to avoid misappropriation.
- Supervising the job assignments of Accounting Staff and their appraisal report for management.
- Working out the plan for subordinates to lead the group for health management.
- Apply a thorough understanding of the financial reporting and general ledger structure.
- Ensure an accurate and timely monthly, quarterly, and year-end closing.
- Ensure the timely reporting of all monthly financial information.
- Initiate budget and forecasting activities
- Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
- Interface with other departments to verify transaction report data and issues.
- Advise staff regarding the handling of non-routine reporting transactions.
- Respond to inquiries from the CEO regarding financial results, special reporting requests, and the like.
- Ensure all financial reporting deadlines are met.

- Entering JVs. for all accounts.
- Reviewing and posting petty cash and follow-up expenses.
- Follow-up customer accounts in full.
- Follow-up collections & credit customers.
- Follow-up vendor accounts.
- Foreign purchases and letters of credit, customs and customs clearance.
- Monthly accounting reports such as trial balances, reports of costs and production volumes and profitability.
- Annual accounting reports and prepare budgets for the coming years.
- The full preparation of Balance Sheet, Income Statement, Cash flow, Changes in equity & budget NOTES for the years 2006, 2007, 2008, 2009, 2010, 2011, 2012 & 2013.
- Professional user for accounts & inventory software.

- Warehouses Accountant and inventory control.
- Purchasing Department accountant and controlling prices.
- Accountant in expenses Department and petty cash.
- Work on accounts software for accounting and inventory.