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Nizar Mohammed Thaib, Group Finance Manager

Nizar Mohammed Thaib

Group Finance Manager·Elaf Group

Saudi Arabia

Bachelor's degree, Finance

Work experience

Total years of experience: 32 years, 5 months

Group Finance Manager

January 2015 - Present

Elaf Group

Saudi Arabia

January 2015 - Present

Company industry:
Hospitality & Accomodation
Job role:
Finance and Investment

Financial Controller

January 2010 - January 2015

Elaf Group

Saudi Arabia

January 2010 - January 2015

Company industry:
Hospitality & Accomodation
Job role:
Accounting and Auditing

Corporate Finance Manager

January 2007 - January 2010

Elaf Group

Saudi Arabia

January 2007 - January 2010

Company industry:
Hospitality & Accomodation
Job role:
Finance and Investment

Credit Manager

January 2004 - May 2007

Le Meridian Hotel & Dallah Group

Jeddah, Saudi Arabia

January 2004 - May 2007

Company industry:
Accounting
Job role:
Accounting and Auditing

Accounts Receivable

January 2003 - January 2005

Le Meridian Hotel & Dallah Group

Saudi Arabia

January 2003 - January 2005

Job role:
Accounting and Auditing

Paymaster

January 2002 - August 2003

Le Meridian Hotel & Dallah Group

Jeddah, Saudi Arabia

January 2002 - August 2003

Company industry:
Accounting
Job role:
Accounting and Auditing

Income Auditor

January 2001 - January 2003

Le Meridian Hotel & Dallah Group

Saudi Arabia

January 2001 - January 2003

Job role:
Accounting and Auditing

Payable Accountant

January 1998 - January 2001

Le Meridian Hotel & Dallah Group

Saudi Arabia

January 1998 - January 2001

Job role:
Accounting and Auditing

Night Auditor

January 1996 - January 1998

Le Meridian Hotel & Dallah Group

Saudi Arabia

January 1996 - January 1998

Job role:
Accounting and Auditing

Restaurant Cashier

January 1994 - January 1996

Dallah Group Durathul Arous

Saudi Arabia

January 1994 - January 1996

Job role:
Accounting and Auditing

Financial Management

-

Third Party

-

Provide critical inputs pertaining to financial status of the organization to assist the core management formulate financial policies and prepare the statutory budgets in adherence with the goals and objectives of the organization.
•Conduct analysis of business operations, trends, costs, revenues, financial commitments and obligations to project future revenues and expenses and advice in accordance.
•Management of financial planning, accounts receivables and cost analysis; to implement cost control measures; liaise with bankers and auditors and generate financial models for appropriate cash flow management.
•Put in place checks and balances to ensure proper control for smooth conduct of operations and assist in the preparation of monthly and year to-date transaction trial balances.
•Summarize reports to prepare a commentary on the business activities and financial position of the company focusing on the areas of income, expenses and earnings based on past and present data and compare with the expectations of the organization.

Accounts Management
•Management of all general accounting functions including accounts receivable and payable.
•Scrutinize and analyze accounting records, financial statements including other financial reports to assess accuracy, completeness, and conformance to the reporting and procedural standards.
•Monitor complete books of accounts independently up to the finalization; prepare cash flow statements, statements reconciliation and preparation of profit & loss account and balance sheet.
•Ability to handle accounting software and resolve the variances in journal entries for various accounts.
•Reconcile expenditure and revenue accounts; training sub-ordinates to insure work flow remains systematic and well organized.

Administration Management
•Ensure smooth functioning of the day to day transactions for the department.
•Liaise to build business relations with banks, auditors, clients, suppliers, and all third parties dealing with the company and develop a strong rapport.
•Handle the responsibility for preparation and execution of confidential payroll as per the terms and conditions laid down by the key management.
•Take initiatives to start discussion with the aim to encourage sharing of ideas with team members; identifying possible solutions and implementing the same to achieve the organizational goals and objectives.
•Assess the accomplishment of the team, prepare reports and submit the same to the senior management for further deliberation.
•Deal efficiently with various types of persons in a highly competitive and target driven environment.
•Coordinate with various departments to collect information and supportive information regarding discharge of duties to ensure smooth conduct of operations.

Audit Management:
•Liaise with the auditing authorities and internal departments to furnish all the necessary reports and documents enable smooth conduct of the statutory audits.
•Scrutinize the audit reports to highlight observations to the key management and assisted the concerned departments to streamline their operations with the goal to enhance accuracy and efficiency.

Miscellaneous Responsibilities:
•Manage the responsibility to review and maintain

Company industry:
Insurance & TPA
Job role:
Accounting and Auditing

Skills

CIMA
Expert
CIMA
Expert
ACCOUNTANCY
Beginner
ACCOUNTANCY
Beginner
ACCOUNTING
Beginner
ACCOUNTING
Beginner
ACCOUNTING SOFTWARE
Beginner
ACCOUNTING SOFTWARE
Beginner
ACCOUNTING SYSTEMS
Beginner
ACCOUNTING SYSTEMS
Beginner
ACCOUNTS RECEIVABLE
Beginner
ACCOUNTS RECEIVABLE
Beginner
ADOBE STREAMLINE
Beginner
ADOBE STREAMLINE
Beginner
AUDITING
Beginner
AUDITING
Beginner
BUDGETING
Beginner
BUDGETING
Beginner
BUSINESS OPERATIONS
Beginner
BUSINESS OPERATIONS
Beginner
CASH FLOW
Beginner
CASH FLOW
Beginner
CIMA
Expert
CIMA
Expert

Languages

Arabic

Expert

English

Expert

Hindi

Expert

Urdu

Expert