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Rakan Alsaeed, CFO

Rakan Alsaeed

CFO·Kirnaf Finance Company

Saudi Arabia

Master's degree, MBA in Finance

Work experience

Total years of experience: 11 years, 9 months

CFO

October 2020 - Present

Kirnaf Finance Company

Riyadh, Saudi Arabia

October 2020 - Present

■ As a member of the senior management team, contribute to the formulation and implementation of overall business strategies and plans, which enable the achievement of Company objectives

■ Define and develop the financial strategy for the total business, which supports and enables the achievement of overall Company objectives

■ Ensure the effective implementation of finance business strategy through the leadership of the finance department

■ Provide professional advice and support to all levels of the business on the full range of financial and financial performance issues

■ Oversee the development and implementation of financial policies, procedures and controls across the business in order to ensure that all procedural and legislative requirements are met

■ Manage and oversee the implementation of corporate financial and capital planning, budgeting and forecasting processes

■ Direct the implementation of corporate financial accounting and general ledger activities in order to ensure accurate measurement and recording of financial transactions

■ Act as the focal point for contact and communication with the Board and other regulatory bodies

■ Liaise with external auditors to ensure the compliance of statutory financial statements

Company industry:
Islamic Banking
Job role:
Finance and Investment

Financial Advisor

September 2020 - Present

Different Entities

Riyadh, Saudi Arabia

September 2020 - Present

Financial Advisor and Head and Member of Different Committees

Company industry:
Management Consulting
Job role:
Management

Head Of The Accounting Department

November 2018 - Present

Higher Education Fund

Riyadh, Saudi Arabia

November 2018 - Present

■ Managing and overseeing the daily operations of the accounting department
■ Monitoring and analyzing accounting data and produce financial reports and statements
■ Manage the preparation and distribution of internal financial statements and reports, maintaining the highest quality, reliability and accuracy
■ Monitor and perform studies to interpret financial actions and modify accounting processes and provide technical advice and recommend improvements for same
■ Leading the transition to the International Financial Reporting Standards (IFRS)
■ Establishing and enforcing proper accounting methods, policies and principles
■ Improve systems and procedures and initiate corrective actions
■ Assign projects and direct staff to ensure compliance and accuracy
■ Coordinate and complete annual and semiannual audits
■ Member of multiple committees

Company industry:
Investment, Securities & Funds
Job role:
Management

Senior Auditor

September 2015 - November 2018

Ernst & Young

Riyadh, Saudi Arabia

September 2015 - November 2018

■ Lead client audit engagements, which include planning executing, directing, and completing financial audits.
■ Acquire a working knowledge of the client’s business.
■ Identifies and communicates issues raised, offering recommended solutions relevant to business and risk.
■ Develops audit programs and testing procedures relevant to risk and test objectives.
■ Supervise, train and mentor associates and interns providing guidance and overall review of deliverables throughout the audit process.
■ Research and analyze financial statement and related issues.

Company industry:
Financial Services
Job role:
Accounting and Auditing

Auditor

September 2014 - September 2015

Ernst & Young

Riyadh, Saudi Arabia

September 2014 - September 2015

■ Checking and analysing financial and accounting data.
■ Examining companies accounts and financial control systems.
■ Gauging levels of financial risk within organisations.
■ Checking that financial reports and records are accurate and reliable.
■ Identifying if and where processes are not working as they should and advising on changes to be made.
■ Preparing reports, commentaries and financial statements.
■ Ensuring procedures, policies, legislation and regulations are correctly followed and complied with.

Company industry:
Financial Services
Job role:
Accounting and Auditing

Education

University of St. Thomas

May 2014

May 2014

Master's degree, MBA in Finance

United States

GPA (point): 3.57 out of 4

GPA (point): 3.57 out of 4

■ Related coursework includes: Financial Management, Managerial Accounting, Financial Markets Institutions, International Finance, and Financial Statements Analysis. ■ Attended the 6th Annual International Business Conference (AIBC), Dearborn, MI, United States. ■ Participated in the "Keys To A Successful Job Search" workshop, Houston, TX, United States. ■ Led a team project in Financial Statement Analysis course. The project consisted of two analyses: Financial analysis included liquidity, activity, leverage and profitability ratios; Credit rating. Marketing analysis included: SWOT analysis and Porter’s five forces. Wrote a final strategic recommendation.

King Saud University

July 2010

July 2010

Bachelor's degree, Accounting

Saudi Arabia

Bachelor's Degree in Accounting ■ Accounting education and accounting profession course ■ Computer applications and management course ■ Symposium XII in the accounting profession in the Kingdom of Saudi Arabia and the challenges of 21th century ■ Statistical package for the social sciences course (SPSS)

Skills

Accounting
Expert
Accounting
Expert
Managerial Finance
Expert
Managerial Finance
Expert
Marketing Strategy
Expert
Marketing Strategy
Expert
Data Analysis
Expert
Data Analysis
Expert
Financial Analysis
Expert
Financial Analysis
Expert
Financial Analysis
Expert
Financial Analysis
Expert
Teamwork
Expert
Teamwork
Expert
Analytical Ability
Expert
Analytical Ability
Expert
Audit
Expert
Audit
Expert
Leadership
Expert
Leadership
Expert
Financial Advisory
Expert
Financial Advisory
Expert
Accounting
Expert
Accounting
Expert
Managerial Finance
Expert
Managerial Finance
Expert
Marketing Strategy
Expert
Marketing Strategy
Expert
Data Analysis
Expert
Data Analysis
Expert

Languages

Arabic
Expert
English
Expert

Memberships

Saudis in USA

Member of the public relations department

February 2013

Finance Society at the University of St. Thomas

Member

January 2013

The Saudi Accounting Association (SAA)

Member

May 2009

Training and Certifications

Certifications
Certificate of Appreciation from the Saudi Arabian Students Association at University of St. Thomas
Two Certificates of Appreciation from the Saudi Arabian Cultural Mission (SACM)
Jan 2013

Training
Summer Job Training & Work
Saudi Public Transport Co. | SAPTCO
Jul 2002
Statistical package for the social sciences course (SPSS)
King Saud University
Aug 2008

Hobbies

  • Graphic Design
    - Create logs for Nonprofit organizations.
  • Developing mobile applications
    A Certificate of Appreciation from the Saudi Arabian Students Association at University of St. Thomas: The certificate was awarded in appreciation for creating a mobile application that is helping all the Saudis students in Houston.