سعد الطيار

Financial Controller reporting directly to CFO, with the following responsibilities:
 Obtained thorough understanding of insurance products and accounting for premiums, claims and commissions as well as review of provisioning and loss ratios
 Led the team of accountants to ensure robust controls over the general ledger is ensured and managed the overall integrity of G/Ll accounts through daily monitoring of the key G/L balances and reported movements to the CFO in a timely manner
 Project managed and led the Oracle Financials Implementation project along with the external consultants which involved migration of balances from In-house System “Edge” together with reconciliations with source systems to Edge and then to Oracle. This project also involved review of mapping tables, building up the new chart of accounts on Oracle with the external consultants, IT Department, business heads and Oracle. The project involved regular interaction with the Project steering committee and Board on progress and milestones along with escalations with respect to delays and matters requiring attention of senior management. Proactively managed resolution of queries raised by the various parties during the implementation phase as well as resolving complexities associated with the reconciliation of AR/AP/Commission accounts. Acted as the secretary for the Oracle Implementation project which benefited in terms of full understanding of the business, accounting schemas and the reporting architecture.
 Oversee the creation/maintenance of complete and accurate financial records to support the generation of fairly financial and statutory financial reports
 Review and approve accounting classification systems and system configurations applied on all accounts in support of both compliant reporting and meaningful management analysis
 Approve reviewed financial statement by finance department and analysis prepared by accountants to advise any required improvements simultaneously
 Coordinate and Support external audit and GAB activities by making financial reports and data accessible, facilitating inquiries and responding to auditor queries
 Control the application/implementation of financial reporting standards (IFRS) to the organization’s accounting methods, and direct system configuration changes
 Review and approve ZAKAT & withholding tax return for the company and facilitating inquiries and responding to DZIT

Notable Achievements:
 Restructuring and Transformation of finance division to set defined functions, roles & responsibilities and internal controls
 Successful data migration as mentioned above on Edge to Oracle migration project
 Improving operational efficiency of the division by 20%, through technology transformation(Oracle)
 Reduce deprecation expenses by 20%
 Streamlined financial reporting in compliance with SAMA and IFRS
 Business owner of Oracle system Implementation

With the following responsibilities:
 Acted as the finance representative for the Compliance and regulations to be adhered by the financial control. This is with respect to SAMA regulations and dealings with regulatory reporting for the entire bank.
 Managed and led a team of 15 staff working on various MIS and regulatory reports to be presented to the regulators
 Managed the regulatory reporting process which required detailed understanding of the various banking products, asset and liability classes, ratios and other disclosures as required in the regulatory reports
 Managed and issued the bank financial statement (Monthly, Quarterly, and Annually)
 Managed and monitored the provision for NPL and other impairment related issues
 Applied and maintained regulatory changes (SAMA/IFRS)
 Banks CFO Committee member (Present Al Rajhi Bank)
 Numerous dealings with on behalf of the bank with SAMA, CMA and external auditors
 Numerous interactions and presentations made to the senior management team, board, audit and executive committees

Notable Achievements:
 Increased other revenues by 68% through cash recovery efficiency improvement program
 Reduced employees end of services expenses by 16% during 2013
 Led and completed new IFRS 9 standards assessment
 Formulated policies and procedures for financial and reporting statutory division

, with the following responsibilities:
 Business planning & forecast budgeting for (14) projects
 Tracking & reporting revenues of Fourteen (14) projects different aviation projects
 Setting up Projects Bid Modules
 Forecast for future revenues and collections of the fourteen (14) projects
 Setup and prepare the financial statement for the business unit (Monthly, Quarterly, Annual)
 Control the unit general ledger
 Member of Oracle system Implementation team
 Liaison with Treasury Division to ensure timely payment to service providers as well as collection of receivables

Notable Achievements:
 Formalized Finance Department structure by establishing standard finance department structure, creating new roles/positions and resource planning
 Set-up business planning process & coordinated with McKinsey creating 5 year business plan
 Led cost reduction program to reduce the logistics cost of in-flight catering services by 60%

During this period, managed to modify the old department manual tracking system to an automated system, and held several positions within the same department supporting different projects with the following responsibilities:
 Manage the International Government Payments & Loans
 Internal auditing
 Prepare the overall department budget
 Manage the Construction and Consulting Projects
 Prepare the overall estimated budget for the Construction and Consulting Projects
 Represent the department as a member of the Ministry of Finance Information Technology Committee

Accountant in International Spare Parts Purchase:
Following my graduation from the University, I joined Al Naseria Electric Station at Riyadh assigned as an inventory auditor for their international procurements