Mutaz Al-Abdallah, CFO / Group Financial Manager

Mutaz Al-Abdallah

CFO / Group Financial Manager

Group of Companies

Location
Saudi Arabia - Buraidah
Education
Master's degree, MA in Accounting and Finance
Experience
34 years, 2 Months

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Work Experience

Total years of experience :34 years, 2 Months

CFO / Group Financial Manager at Group of Companies
  • Saudi Arabia - Buraidah
  • My current job since September 2005

Company Industry: Transportation (land & maritime), constructions, petrochemicals, real estate, health care & dental labs, supermarkets, media, hotels, car rents, cars trading and wafer & chocolate production.
Job Role: Accounting & Finance.
work as CFO for a group of investors in several fields of business in different cities of KSA, Egypt & Jordan
Responsible for evaluating, planning, budgeting, reporting and monitoring the transactions of current affiliated companies and investments.
Responsible for searching, studying, implementing and follow up for any new idea or investment.
Accomplishments include:
Developed annual budgets and group strategy.
Developed the group’s new COA, projects and cost centers coding & accounting structure.
Prepared the Inventory system procedures and accounting cycle.
Participated as a member of different executive committees of different arenas.
Developed financial models.
Prepared feasibility studies and/or audit and/or valuation for various investment opportunities.
Prepared and analyze cash flow for the companies.
Implemented Capital lease contracts and accounting.

Management Accounting Manager at Aqaba Special Economic Zone Authority
  • Jordan - Aqaba
  • July 2002 to August 2005

Responsible for planning, budgeting, reporting, and monitoring cash flow. Accomplishments include:
Developed annual budgets over JOD 50 M.
Evaluation committee member for the Integrated Financial Management System (Oracle Financials).
Developed the Authority’s new COA, projects and cost centers coding & accounting structure.
Participated as a member of the Oracle Financial implementing team(GL & Budgeting module key user (Cash & Accrual)).
Prepared the Inventory system procedures and accounting cycle.
Participated as a member of different executive committees of different arenas.
Developed financial models.

Financial Consultant at Lazer Mobile Phone Co. & Al-raed Al-ordiny Co.
  • Jordan - Amman
  • September 2001 to June 2002

Reorganized and monitored the operations of the two companies. Modified & applied a new accounting system, COA, manuals & procedures.

Financial Controller / Internal Audit Manager & Research Officer at Jordan International Insurance Co.
  • Jordan - Amman
  • June 2000 to December 2001

Started my work as Internal Audit Manager and Research Officer. Promoted to Financial Controller in Sep. 2001.
Prepared and controlled the company's strategy and budget.
Analyzed any suggested investment opportunities. Analyzed the strengths and weaknesses of the financial system, manuals, and procedures.
Managed the company’s cash flow.
Administered new investments in real estate, completely.
Administered the new operations required for controlling a major extraordinary health insurance contract.
Developed financial models.

Internal Audit Manager & Research Officer /Chief accountant/ Accountant at Jordan National Shipping Lines Co.
  • Jordan - Amman
  • February 1990 to May 2000

I started my work as an Accountant in Feb. 1990, became Head of the Research Unit in 1993, and in 1996 became the Chief Accountant in addition to the responsibility of the research unit.
In 1998, I became the Internal Audit Manager & Research Officer.
Prepared the annual budgets for the company. Prepared a five years strategy for the company.
Analyzed the operations of the company.
Prepared feasibility studies for various investment opportunities.
Participated in applying a new oracle financial system.
Prepared and analyze cash flow for the company. Participated in implementing and controlling the material management system.
Implemented Capital lease contracts and accounting.
Analyzed & corrected the accounting treatment of investments.
Developed financial models.

Financial Consultant -Freelancer- at Universal Hospital Services Co.-Jordan
  • Jordan - Amman
  • May 1999 to June 1999

Evaluated the financial system of Bugshan General Hospital - Jeddah - Saudi Arabia
Built a new COA, cost centers, manuals and procedures for the suggested new financial system.

Financial Consultant -Freelancer- at Jordanian Saudi Shipping Co. (JOSACO)
  • Jordan - Amman
  • May 1996 to June 1996

Prepared feasibility study for establishing a Jordanian Saudi company for meat and livestock trading (Capital JD 12.5 Millions).

Education

Master's degree, MA in Accounting and Finance
  • at LANCASTER UNIVERSITY
  • September 1998

Dissertation: Measurement, Valuation, and Contracting in Under-performing companies. Lancaster University rating was Five stars in the Accounting and Finance field. I have a British Cheavining scholarship from the British Council - Amman

Bachelor's degree, Accounting
  • at University of Jordan
  • September 1987

with minor in Economics and Statistics

Specialties & Skills

MS word,Excel, Power Point
Oracle Financials - Gl & Budget -OFA
Feasibility studies
Valuation
Capital Lease contracts & accounting
Accounting systems building
various windows applications

Languages

English
Expert
Arabic
Expert

Memberships

INSTITUTE OF MANAGEMENT ACCOUNTANTS
  • MEMBER
  • January 1994

Training and Certifications

REFRESHER COURSE PROGRAMME IN ECONOMICS (Certificate)
Date Attended:
September 1997
BUILDING AN INTEGRATED PLANNING , BUDGETING & REPORTING PROCESS (Certificate)
Date Attended:
October 2003
Performance_Based planning (Training)
Training Institute:
AZEM
Date Attended:
October 2004
Duration:
1 hour
IFM Financial reward (Certificate)
Date Attended:
December 2002
Thanks and Appreciation (Certificate)
Date Attended:
February 2002
Evaluation committee member for the Integrated financial Management System (Oracle Financials). (Certificate)
Date Attended:
February 2002
Taking Charge of Change Workshop (Training)
Training Institute:
AZEM
Date Attended:
September 2004
Duration:
7 hours
ASEZA Letter of appointment (Certificate)
Date Attended:
August 2002
Projects Cost Variations Committee (Certificate)
Date Attended:
August 2003
Promotion to ASEZA Director of Finance (Certificate)
Date Attended:
July 2003
Promotion to Financial Controller (Certificate)
Date Attended:
September 2001
IELTS test (Certificate)
Date Attended:
February 1997
Chief Accountant Job Description (Certificate)
Date Attended:
June 1997
English for Academic Purposes (Training)
Training Institute:
Lancaster University
Date Attended:
September 1997
Duration:
3 hours
CERTIFIED MANAGEMENT ACCOUNTANT ( CMA ) (Training)
Training Institute:
SKY INSTITUTE OF TECHNOLOGY
Date Attended:
November 1993
Duration:
4 hours
High School certificate (Certificate)
Date Attended:
September 1984
Resignation Acceptance (Certificate)
Date Attended:
July 2005
Authorisation Certificate (Certificate)
Date Attended:
October 2001
Military service certificate (Certificate)
Date Attended:
December 1987
Valid Until:
December 1989
EXPERIENCE CERTIFICATE (Certificate)
Date Attended:
February 1990
Valid Until:
June 2000
Thanks and Appreciation (Certificate)
Date Attended:
February 2003
BUDGET 2004 (Certificate)
Date Attended:
October 2003
INTEGRATING FINANCIAL PLANNING WITH THE ORGANISATION'S CORPORATE STRATEGY (Certificate)
Date Attended:
October 2003
Cash flow & Working Capital Managment (Training)
Training Institute:
Institute of Public Administration
Date Attended:
September 1994
Duration:
28 hours
EQUITY VALUATION TECHNIQUES (Certificate)
Date Attended:
April 2001
MANAGER OF EXCELLENCE (Training)
Training Institute:
THE UNIVERSITY OF PETRA
Date Attended:
September 2000
Duration:
15 hours
EXPERIENCE CERTIFICATE (Certificate)
Date Attended:
January 1994
CERTIFIED PUBLIC ACCOUNTANT (CPA) COURSE (Training)
Training Institute:
AL-MASOUD OFFICE
Date Attended:
August 1992
Duration:
4 hours
Master's Degree (Certificate)
Date Attended:
November 1998
Bachelor's Degree (Certificate)
Date Attended:
September 1987
Thanks and Appreciation (Certificate)
Date Attended:
June 2009
CFO Promotion (Certificate)
Date Attended:
April 2014
JORDAN INTERNATIONAL INSURANCE CO. Joining Certificate (Certificate)
Date Attended:
June 2000
Valid Until:
December 2001
British Chevening Scholarship (Certificate)
Date Attended:
July 1997