Nidal Yousef AlMakhamreh

I founded the Procurement Dept in 2015. I currently lead the procurement function, which includes the development & implementation of strategic and operational sourcing, Supplier Management & Sourcing, Governance, Policy & Procedures, Contracting, Supply Chain, End-to-End Solution, and Operations processes to ensure the organization obtains the best value of goods & services required to achieve its goals & function KPIs.
Able to work with multiple stakeholders, solve problems, manage a high performing team, work independently, self-motivated and proactive with detailed knowledge and understanding of, as well as extensive experience in procurement.
My strong skills, combined with my accounting and financial background and experience, have resulted in many achievements such as:
(Procurement Dept foundation, New Procurement Software implementation, exceptional & significant Cost saving/avoidance & control for both the Procurement and Withholding Tax. Exceptional performance with (+100%) KPI results, Writing the P&P and DOA for Procurement and Outsourcing, Cybersecurity & legal Procurement Framework, Procurement Plan, Dashboards, and win to win partnership with suppliers).
-Develop Procurement Strategy & Plan in line with Integrated Business Plan & objectives.
-Employee’s performance monitoring, identify training & developmental needs, and bridge the knowledge gaps.
-Drive best value to meet KPIs & financial targets especially the savings & SLA.
-Manage all procurement activities including: Supplier Management, Sourcing, Bidding, RFP/RFQ, Proposals and Suppliers evaluation and selection, contract negotiation, market analysis & trends, PO (Purchase Order), Expert advice to stakeholders, and purchasing risks mitigation.
-Lead & manage all governance activities related to Procurement & identifying potential areas of improvement.
-Ensure all procurement tasks & controls are in accordance with governance, risk, guidelines & regulations.
-Ensure Timely & accurately reporting.

- Managing the division team, planning and improving the payable processes and procedures to ensure providing the best SLA to all stakeholders and on time payments while maintaining the required level of control.
- Daily Payables Dashboard and reporting to CFO.
- Follow up the projects and issues with IT Dept (Payment automation, Netting, VAT & Robotics).
- Validating and approving the daily Shareholders’ payments (Suppliers & Employees) and Policyholders’ payments “Total loss payments” and all the uploaded batches in ERP to settle all the pending claims to clients like: TP, Workshops/Agencies, Medical, Policy refund, & Corporate claims on daily basis & uploading the daily batches through bank.
- To ensure that all documents are appropriately archived (internally and with Storage supplier) and can be retrieved within agreed short time.
- Daily monitoring and closing SAMA & Non-SAMA complaints.
- Authority Matrix Development for “Banking”, “G&A expenses” & Procurement.
- Control on Cost, Procurement, Accounts reconciliations & quarterly balance confirmation.

- Managing the division's team (AR accountants, collectors & credit controller) & approving the works done by them to achieve the desired credit management objectives /targets.
- Daily monitoring on the branches productivity and matching/reconciling with all deposits in banks.
- Ensure applying the Receivable Management P&P in each & every credit deal to the customers and collection's incentives.
- Evaluating the customers before granting the facility.
- Managing the daily credit control on all customers’ credit limits & terms through the credit controller.
- Follow up the Accounts Receivable & collections with regions’ accountants to minimize the risk of bad and doubtful debts (provision).
- Weekly, Monthly & Quarterly reports to the CFO (Ageing with analysis, planned vs actual collections, reconciled accounts with customers & provision for bad and doubtful debts).
- Monthly closing JVs according to the policy & accounting principles.
- Daily control on reconciling customers’ accounts & matching the payments.
- Managing the agreement & relation with SIMAH (as a Primary contact person).
- Participation in the development of Budget (annual operating expenses) and credit P&P.
- To promote cordial relation with Sales & customers especially Key Accounts.

- National Accounts Receivable Manager
- Managing the team of (all AR accountants in HO, credit controller, claim dep) & reviewing all works done by them and approving it, while chief accountants, collection team & collection managers in all areas are reporting to me in any accounts receivable issue.
- Creating the policy and procedures for granting credit to customers and collection's incentives and developing it periodically (if needed).
- Reviewing all the studies & financial analysis and credit evaluation for all of the credit customers’ files submitted by the credit controller to the credit committee for final approval.
- Monthly reports to CFO (Ageing, actual collections & forecasted collection plan, reconciled accounts with customers & provision for bad and doubtful debts) & monthly closing JVs according to GAAP.
- Weekly receivables ageing and collection reports with analysis to CFO.
- Daily control on reconciling all customers’ accounts & payments allocation.
- Daily follow up and control on all customers’ credit limits.
- Control on accounts receivable through chief accountants in all regions.
- Ensure applying the credit control policy process and prior approvals in the branches before invoicing any credit deal.

Mar 2010 - Jun2011 Al-Hijaz Trading & Contracting Group. Al Riyadh, Saudi Arabia
Accounting Manager (Acting Finance Manager)
- Managing the team of accountants, reviewing their works and approving it.
- Monthly closing JVs and financial reports and quarterly financial statements.
- Finalizing all of the external auditor requirements, Zakat issues, and preparing all of the yearly financial reports (Balance Sheet, Income Statement, Cash Flow and Budgeting).
- Daily following up and control on all of the banks’ facilities for the three sister companies in the group (Daily cash and bank reconciliations, L/Cs, L/Gs, Loans, Settlements and loans rollover;…) and preparing any report for the banks facilities’ discussion and renewal.
- Daily control on: projects expenses, petty cash, billing, cash flow and collections from the projects to settle the bank liabilities.
- Manage sufficient funds for the projects while minimizing risk.

Nov 2005 - March 2010 Abdullatif Alissa Automotive Co. Al Riyadh, Saudi Arabia
Accounts Supervisor & Credit Controller
- Managing the staff of (accountants, cashiers’ supervisors and all cashiers) & reviewing their works (cash, bank transactions & daily banks reconciliations).
- Coordinating with Group Treasury Dep for any Query or Banking issues.
- Monthly closing entries (accrued, prepaid, allocations, expenses…).
- Booking and following up the vehicles costing, loans JVs and (LCs & LGs).
- Daily control on: all cashiers reports & cash control accounts in all branches, refund payments, banks accounts and approving the collected checks & incoming transfers before releasing the vehicles.
- Daily control and reconciliation on all of IDJ (inter division journal) ACs with all of sister companies and daily clearing for after sales Till Accounts.
- As a Credit Controller: Studying, analyzing financial statements and ratios for all of the credit files requested by any customer to submit my evaluation & recommendation (professional opinion) to the credit committee.
- Preparing the monthly reports of: A/R ageing, collections and provision reports & posting the monthly BDD provision JV as per the co. policy.
- Control on the all of the customers & staff’s accounts, credit limits and opening their accounts as per the co. policy regarding after sales charging.
- Checking to approve any credit deal before invoicing on any customer A/C.
- Control on all of accounts receivables with daily allocation for collections.

Apr 2004 - Sep 2005 Fayha Alqassim Water Factories (Rajhi Group) . Al Riyadh, Saudi Arabia
Finance Manager
- Preparing financial reports & statements (Balance Sheet, Income Statement, Cash flow) and preparing the Budgets & analyzing variances.
- Financial analysis and ratios quarterly based on the financial statements.
- Preparing financial & managerial reports for management purposes.
- Preparing the Letters of Credit & Guarantee (L/Cs & LGs) and following up the banks facilities.
- Managing the chief accountants in the branches and all staff in finance dep.
- Cooperating with the internal and external Audit.
- Improving the procedures and systems for necessary financial & accounting issues, stock and inventory, accounting, and internal control purposes.
- Reviewing the works done by the staff and approving it.
- Control on: costing, cash, banks accounts and facilities, signing checks, accounts receivable, collections, accounts payable, sales & salesmen accounts, expenses, petty cash, branches accounts, payroll, assets, insurance contracts & policies.

Jun 2001 - Apr 2004 Jordan Modern Ready Mix Concrete Co. (Manaseer Co.) Amman, Jordan
Chief Accountant
- Establishing and building the chart of accounts, accounting & financial procedures of the company, where I established the accounting department.
- Monitoring, recording & classifying financial transactions and events according to the accepted local accounting principles and financial reporting standards & approving all works done by the staff & guiding them.
- Preparing monthly, quarterly & annual managerial reports & financial statements (Balance Sheet, Income Statement, Cash flow) & assisting in Budget preparation.
- Preparing the monthly VAT & yearly Income Tax declarations.
- Performing month end accounting activities such as accruals, prepaid, reconciliation, system sub modules and general ledger module.
- Checking monthly payroll & day-to-day JVs & operation of the accounting.
- Ensuring trial balance accuracy and periodic financial reporting in timely manner.
- Preparing the Letters of Credit & Guarantee (L/Cs & LGs) and following all the bank facilities.
- Managing all the staff in the field work (supervisors, accountants & cashier).
- Responsible & coordinator with the external & internal audit.
- Control on: cash, banks accounts & banks reconciliations, checks, accounts receivable, collections, credit facilities, accounts payable, expenses, petty cash, stock, assets and insurance claims.

Feb 2000 - Jun 2001 Systems for Auditing Bureau Amman, Jordan
Senior Accountant & Auditor
- Recording all financial transactions according to the accounting principles & preparing monthly payroll (using the computer).
- Auditing & accounting for some companies & establishments.

Jul 1999 - Feb 2000 Professional Computers Systems Co. PCS Amman, Jordan
Senior Accountant
- Recording & posting all financial transactions (daily & month end accounting activities & journal vouchers) using the books & computer.
- Preparing financial statements (Balance Sheet, Income Statement & Cash flow) and finalizing external auditor and tax requirements.
- Following up the A/R collections and preparing the payments for A/P.
- Preparing of monthly payroll.
- Warehouse keeping, LCs and stock costing.