Othman Al Hadi, Financial Director

Othman Al Hadi

Financial Director

Sharqia Development Authority

Location
Saudi Arabia - Dammam
Education
Bachelor's degree, Accounting
Experience
10 years, 7 Months

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Work Experience

Total years of experience :10 years, 7 Months

Financial Director at Sharqia Development Authority
  • Saudi Arabia - Dammam
  • My current job since September 2019
Head Of Finance at Petroleum & Energy Logistics and Services Co. (PETROGISTIX)
  • Saudi Arabia - Khobar
  • July 2019 to September 2019
General Ledger Section Head at GAZT- General Authority of Zakat & Tax
  • Saudi Arabia - Riyadh
  • October 2018 to June 2019

Responsibilities:
-Financial Reporting
-General Ledger
-Fixed Assets
-External Audit Focal Point

Accomplishments:
-Issuing 2017 & 2018 audited financial statement (first in GAZT history)
-Team member in the Financial Transformation Project from Cash Basis to Accrual Basis (IPSAS standards)
-SAP Implementation Team Member (tested and approved GL and FA modules)
-Worked with EY team to develop, review and approve the Finance department policies, procedures and authority matrix.

Acting Finance Manager at Raya Financing
  • Saudi Arabia - Dammam
  • May 2017 to September 2018

Head of finance & accounting.

Responsibilities:
-Controller of all accounting & finance department activities
-Regulatory reporting to Saudi Arabian Monetary Authority (SAMA)
-Financial Reporting to CEO, Board of Directors and Audit Committee
-Monthly KPI Reporting
-Payroll Approval
-Loans and collaterals management
-Consolidation Reporting to Almajdouie Holding

Accomplishments:
-IFRS Conversion
-Implementation of IFRS 9 (Project Manager)
-Implementation of VAT (Project Manager)
-Awarded Employee of the year at Almajdouie Group (2017)
-Signed off four audited financial statements
-Prepared the Budget for 2018

Finance Supervisor at Raya Financing
  • Saudi Arabia - Dammam
  • September 2016 to April 2017

Responsibilities:
-Supervision of all accounting transcations and reports
-Bank Relations
-Suppliers Relations
-External Auditor Requirements

Accountant at Raya Financing
  • Saudi Arabia - Dammam
  • August 2015 to August 2016

-Operations Accounting: Payables, receivables, fixed assets, general ledger, bank reconciliations & payment.

Fixed Asset Accountant at ARGAS
  • Saudi Arabia - Khobar
  • September 2014 to August 2015

Developed deep expereince of all matters related to Fixed Assets accounting and controlling. In addition to that, became familiar with SAP.

Responsibilities:
-Trained and supervised a team of two fixed assets accountants
-Reviewed Purchase Requests against CAPEX
-Tagging
-Capitalization and Depreciation
-Disposals & Auctions
-Physical Count

Accomplishments:
-Processed more than 500 million SAR worth of fixed assets
-Did a 100% physcial count on all company locations
-Passed a suggestion to the board of directors to extend the useful-life of some equipments and change the depreciation method from Straight-Line line to Units of Production method

Audit Assistant (Coop Training) at Deloitte
  • Saudi Arabia - Khobar
  • January 2013 to August 2013

-Participated as a team member in the Annual Audit of several clients

Accountant (Summer Training) at King Fahd University of Petroleum and Minerals (KFUPM)
  • Saudi Arabia - Eastern Province
  • October 2012 to December 2012

Prepared, revised and entered payment requests into Oracle.

Education

Bachelor's degree, Accounting
  • at King Fahd University of Petroleum and Minerals (KFUPM)
  • January 2014

Majored in accounting & did my co-op training at deloitte.

Specialties & Skills

Microsoft Office
Microsoft Excel

Languages

Arabic
Expert
English
Expert

Hobbies

  • Watching football
  • Reading