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Mutaz Alabdallah, CFO / Group Financial Manager

Mutaz Alabdallah

CFO / Group Financial Manager·Group of Companies

Saudi Arabia

Master's degree, MA in Accounting and Finance

Work experience

Total years of experience: 36 years, 5 months

CFO / Group Financial Manager

September 2005 - Present

Group of Companies

Buraidah, Saudi Arabia

September 2005 - Present

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.

Company industry:
Motor Vehicle Passenger Transport
Job role:
Finance and Investment

Management Accounting Manager

July 2002 - August 2005

Aqaba Special Economic Zone Authority

Aqaba, Jordan

July 2002 - 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.

Company industry:
Public Administration
Job role:
Management

Financial Consultant

September 2001 - June 2002

Lazer Mobile Phone Co. & Al-raed Al-ordiny Co.

Amman, Jordan

September 2001 - June 2002

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

Company industry:
Telecommunications
Job role:
Accounting and Auditing

Financial Controller / Internal Audit Manager & Research Officer

June 2000 - December 2001

Jordan International Insurance Co.

Amman, Jordan

June 2000 - 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.

Company industry:
Insurance & TPA
Job role:
Management

Internal Audit Manager & Research Officer /Chief accountant/ Accountant

February 1990 - May 2000

Jordan National Shipping Lines Co.

Amman, Jordan

February 1990 - 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.

Company industry:
Shipping
Job role:
Management

Financial Consultant -Freelancer-

May 1999 - June 1999

Universal Hospital Services Co.-Jordan

Amman, Jordan

May 1999 - 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.

Company industry:
Other Healthcare Services
Job role:
Accounting and Auditing

Financial Consultant -Freelancer-

May 1996 - June 1996

Jordanian Saudi Shipping Co. (JOSACO)

Amman, Jordan

May 1996 - June 1996

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

Company industry:
Shipping
Job role:
Accounting and Auditing

Education

LANCASTER UNIVERSITY

September 1998

September 1998

Master's degree, MA in Accounting and Finance

United Kingdom

GPA (rating): Very good

GPA (rating): Very good

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

University of Jordan

September 1987

September 1987

Bachelor's degree, Accounting

Jordan

with minor in Economics and Statistics

Skills

MS word,Excel, Power Point

Expert

Oracle Financials - Gl & Budget -OFA

Intermediate

Feasibility studies

Expert

Valuation

Intermediate

Capital Lease contracts & accounting

Expert

Accounting systems building

Expert

various windows applications

Intermediate

Languages

English

Expert

Arabic

Expert

Memberships

INSTITUTE OF MANAGEMENT ACCOUNTANTS

MEMBER

January 1994

Training and Certifications

Certifications
REFRESHER COURSE PROGRAMME IN ECONOMICS
Sep 1997
BUILDING AN INTEGRATED PLANNING , BUDGETING & REPORTING PROCESS
Oct 2003
IFM Financial reward
Dec 2002
Thanks and Appreciation
Feb 2002
Evaluation committee member for the Integrated financial Management System (Oracle Financials).
Feb 2002
ASEZA Letter of appointment
Aug 2002
Projects Cost Variations Committee
Aug 2003
Promotion to ASEZA Director of Finance
Jul 2003
Promotion to Financial Controller
Sep 2001
IELTS test
Feb 1997
Chief Accountant Job Description
Jun 1997
High School certificate
Sep 1984
Resignation Acceptance
Jul 2005
Authorisation Certificate
Oct 2001
Military service certificate
Dec 1987 - Dec 1989
EXPERIENCE CERTIFICATE
Feb 1990 - Jun 2000
Thanks and Appreciation
Feb 2003
BUDGET 2004
Oct 2003
INTEGRATING FINANCIAL PLANNING WITH THE ORGANISATION'S CORPORATE STRATEGY
Oct 2003
EQUITY VALUATION TECHNIQUES
Apr 2001
EXPERIENCE CERTIFICATE
Jan 1994
Master's Degree
Nov 1998
Bachelor's Degree
Sep 1987
Thanks and Appreciation
Jun 2009
CFO Promotion
Apr 2014
JORDAN INTERNATIONAL INSURANCE CO. Joining Certificate
Jun 2000 - Dec 2001
British Chevening Scholarship
Jul 1997

Training
Performance_Based planning
AZEM
Oct 2004
Taking Charge of Change Workshop
AZEM
Sep 2004
English for Academic Purposes
Lancaster University
Sep 1997
CERTIFIED MANAGEMENT ACCOUNTANT ( CMA )
SKY INSTITUTE OF TECHNOLOGY
Nov 1993
Cash flow & Working Capital Managment
Institute of Public Administration
Sep 1994
MANAGER OF EXCELLENCE
THE UNIVERSITY OF PETRA
Sep 2000
CERTIFIED PUBLIC ACCOUNTANT (CPA) COURSE
AL-MASOUD OFFICE
Aug 1992