Saif Al Omary

Key Support Areas:
• Assesses the financial situation by gathering information regarding investments, asset allocation, savings, tax planning, and estate planning; evaluating risk tolerance.
• Develops financial strategies by guiding to establish financial goals; matching goals to situation with appropriate financial plans.
• Explaining proposed financial plans and options; explaining advantages and risks; providing explanations; alleviating concerns; answering questions.
• Monitors the financial situation by tracking changes in wealth and life circumstances; analyzing financial plan results; identifying and evaluating new financial strategies; recommending changes in goals and plans.
• Provides financial management information by preparing financial status analyses and reports.
• Accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
• Any other duties that assigned upon mutual agreement.

Key Result Areas:
• Leading in financial and accounting process of company while; planning, coordinating and controlling the business plans, budgeting, investment, development, cost control and expectation analysis
• Establish & Develop ERP system.
• Built financial Management staff.
• Coordinating the creation of financial statements and the company’s annual report
• Organizing periodic meetings with finance managers of group companies and ensuring consolidation of reports that is expected from top management
• Contributing to the agenda of the board by preparing required presentations
• Controlling and monitoring of payments made from the company account
• Monitoring and planning activities carried out by the Treasury Department.
• Coordinating the creation of internal procedures and workflows to monitor the company’s ability to follow legal procedures and regulations
• Coordinating tax and financial audits

• Build MIS reports versus budget / forecast and previous periods / years on monthly, quarterly or yearly according to agreed standards (GAAP Or IFRS) and review the data to ensure fairness and completeness via conducting reconciliation & analysis whenever required
• Preparation of budgets and financial reports and overseeing their evaluation.
• Presenting the various accounting reports to the top management and making suitable observations and recommendations.
• Present & Advise on financial feasibility studies
• Construct and monitor reliable control systems
• Ensure that record keeping meets the requirements of auditors and government agencies
• Assist in formulating the company's future direction and supporting tactical initiatives
• Monitor and direct the implementation of strategic business plans including investment plan with develop performance measures that support the company's strategic direction
• Manage the capital request including Monitor Cash balances and cash forecasts
• Arrange for debt and equity financing via shareholders.
• Participate in key decisions as a member of the executive management team
• Maintain in-depth relations with all members of the management team
• Manage the accounting, System Information, tax, and treasury departments in Day-to-day activity.
• Oversee the company's transactions processing systems
• Manage any third parties to which functions have been outsourced
• Implement operational best practices, data documentation and troubleshooting procedures
• Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
• Understand and mitigate key elements of the company's risk profile
• Monitor all open legal issues involving the company, and legal issues affecting the industry
• Maintain appropriate insurance coverage
• Ensure that the company complies with all legal and regulatory requirements in line with the group policy
• Maintain relations & Liaising with external auditors, banks & system providers.

• Created, coordinated and evaluated financial processes and supporting information system of the company including budget, tax planning, internal controls, cash management and corporate governance
• Shouldered responsibility of providing relevant inputs for policies and procedures in relation to investments, establishment of joint ventures and the monitoring of related performance
• Assisted CEO in the formulation of company strategy and alignment to company’s financial objective
• Determined and monitored budget as well as cost through effective accounting controls and financial management
• Regularly updated management on financial aspects and provided the advice
• Ensured compliance of all the investment with policies and procedures laid down by the management and the board of directors
• Facilitated conducting of feasibility studies, negotiation of terms and signing of various agreements with joint venture partners.
• Essayed a stellar role in taking initiatives and handling Corporate Restructuring projects encompassing development of strategy, business valuation, financial analysis, tax structuring, regulatory processes, negotiations & financing

Key Result Areas:
• Oversaw financial statements including balance sheets trial balance, profit & loss account, age-wise accounts payables, Payroll & receivables statements.
• Monitored preparation of Statutory Books of Accounts, Bank Reconciliation, Party Reconciliation and Consolidated Reports in compliance with time & accuracy norms
• Prepared the MIS Reports, Personal Files, Cash & Fund Flow Statement, Balance Sheet, Audit Reports, Sales Invoices, Debtors Reconciliation and other financial reports
• Supervision reconciliation of accounts in trial balances with general ledger control account.
• Checked accounts to ensure completeness of recording liability & ensuring that accurate claims are filed with vendors and receivable collected on time
• Ensuring the proper movement of data of correspondent.

Accomplishment:
• Shouldered responsibility of:
o Reviewing accounts of companies and organizations to ensure the validity and legality of their financial records
o Carrying out a financial health check on the company
o Acting in an advisory role to recommend possible risk aversion measures and cost savings that could be made
o Examining the money going in and out of organizations and making sure it is recorded and processed correctly
o Handling any special case or mission assigned.
o Implementing ERP system including the policy and procedures.
• Administered activities like:
o Finance and Accounting Management
o Monitoring and controlling all financial affairs
o Purchase and Inventory Management.
o Human Recourses Management
o Public and Government Relationship Management
o Shareholders Relationship Management
o Policy Development and Implementation
o Project and Risk Management
• Played a major role in addressing insurance activities including personal insurance & general insurance & negotiated with insurance companies; passed claim from them

• Implement new system with consolidated model.
• Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department’s goals and objectives
• Responsible for accounting areas including general ledger, fixed assets, accounts payable, accounts receivable, financial reporting, treasury and billing administration
• Manage, lead and mentor team of accounting staff
• Maintain a documented system of accounting policies and procedures and a system of controls
• Maintains accounting controls by preparing and recommending policies and procedures.
• Ensure that collections of accounts receivable and payments of accounts payable are timely
• Process payroll in a timely manner working with outsourced payroll processor
• Manage month end close process, performing analytical review and accounting to ensure completeness and accuracy of reporting
• Issue timely and complete financial statements for internal and external reporting purposes
• Manage routine treasury cash management functions
• Provide budget variances, financial analysis, trend reporting and operating key performance metrics to manage and improve operations
• Coordinate the preparation of the annual audit and tax returns including working with auditors
• Comply with local and government reporting requirements and tax filings

• Oversees audit planning, field work, and audit reporting; prepares reports, and communicates findings and recommendations to line and senior management.
• Review automated audit work papers prepared by the audit staff to ensure sound audit theory and compliance with the department's methodology.
• Responsible for the daily supervision of audit staff and responsible for the development of audit staff and the completion of performance evaluations.
• Ensures that reviews are completed in compliance with the Corporate Audit Department and Institute of Internal Auditor standards

• Plan and perform operational and financial audits to ensure that financial statements are fairly presented in accordance with GAAP
• Perform tests of internal controls to ensure effectiveness
• Perform substantive testing of account balances to determine reasonableness
• Prepare and present to management reports on audit findings, which might include material misstatements of financial information or severe control deficiencies, and provide recommendations on improving these shortcomings in the future

• Perform operational and financial audits to ensure that financial statements are fairly presented in accordance with GAAP
• Tests of internal controls to ensure effectiveness and submitted to the direct manager.
• Perform substantive testing of account balances to determine reasonableness and submitted to the direct manger

• Documents financial transactions by entering account information.
• Prepares asset, liability, and capital account entries by compiling and analyzing account information.
• Summarizes current financial status by collecting information; preparing Trial balance, balance sheet, profit and loss statement, and other reports related to cost center.
• Substantiates financial transactions by auditing documents.
• Reconciles financial discrepancies by collecting and analyzing account information.