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ARSHAD SAYEED, Finance Manager

ARSHAD SAYEED

Finance Manager·Industrial Segment- Al Gazzawi Holding Co

Saudi Arabia

Master's degree, CHARTERED ACCOUNTANT

Work experience

Total years of experience: 18 years, 4 months

Finance Manager

June 2024 - Present

Industrial Segment- Al Gazzawi Holding Co

Jeddah, Saudi Arabia

June 2024 - Present

Manage the entire gamut of Finance & Accounts operation for the Industrial segment of the group consisting of 3 manufacturing units
Company industry:
Manufacturing
Job role:
Accounting and Auditing

Accounts & Finance Manager

March 2022 - Present

Geyad Industries

Khobar, Saudi Arabia

March 2022 - Present

andling complete Financial Control in order to develop efficient financial management & Cash Flow management.
Preparation of Feasibility Report & negotiation with banks for Working Capital loans, Term loans for CAPEX, pricing, tenure, loan structure, covenants & favourable terms & conditions.
Preparation of feasibility report, projects in hand status, profitability table, payback period computation etc.
Day to day treasury management & trade Finance activities in terms of banking products and customers’ PO requirements. Liaisoning closely with Relationship manager of banks & financing firms and meeting their adhoc reports requirement.
Arranging Project financing for EPC customers, arranging issuance of Bank guarantees and its management, Letter of credit, Collection documents, Bill discounting, overdraft / short term loan requirements.
Maintenance of internal ERP / excel report for LC, LG, bank charges, management fees etc for efficient internal control.
Maintain an effective weekly & monthly reporting system of MIS-Dashboards & handling year end external audits & compliance matters.
Finalisation initial requirements for IKTVA audit & finalisation IKTVA reports as per ARAMCO compliance.
Preparation of long-term cash flow and facility requirements reports for management to arrange financing requirements for the company in advance.
Company industry:
Oil & Gas
Job role:
Finance and Investment

Manager

October 2020 - February 2022

PROTON SARL

Democratic Republic of the Congo

October 2020 - February 2022

Finance & Reporting
Direct Reporting to CEO of the Group and handles a multi-cultural team.
Role:
▪ Handling complete Financial Reporting and Accounting system in
order to develop efficient financial management in AP/ AR / GL/
Inventory, FA & Cash Flow management.
▪ Maintain an effective weekly & monthly reporting system of MIS-
Dashboards & handling year end external audits & compliance
matters.
▪ Finalisation of Quarterly financials & preparation and presentation of
Board Meetings packs. Analysing the variances and critical financial
matters.
Company industry:
Electrical Engineering
Job role:
Management

Manager

June 2018 - February 2020

KFB Holding Group Company

Saudi Arabia

June 2018 - February 2020

Direct Reporting to Vice-President of the Group & dotted line reporting to
CEO and handles a multi-cultural team.
Role:
▪ Strategized, prepared & maintained a strong Financial Control and
Accounting system in order to develop efficient financial management
in AP/ AR / GL/ Inventory & FA
▪ Maintain an effective and robust monthly / quarterly reporting system
of MIS-Dashboards & led financial planning & analysis of Holding
company accounts with multiple branches, subsidiaries & J/Vs
▪ Preparation of Budgets, comparative variance analysis between
budget and actual & investigate root causes & clarifies accordingly to
management, business unit heads, external clients & capital market
authority
▪ Monitored Treasury management, Trade Finance, facilities with banks
& financial institutions, Cash Flow Management
▪ Preparation of Feasibility Report & negotiation with banks for
Working Capital loans, Term loans for CAPEX, pricing, tenure, loan
structure, covenants & favorable terms & conditions.
▪ Designed strategies to manage group Cash & Bank position for AR, AP,
production & operation, payroll management, utilities & admin
payouts
▪ Reporting processes for the Holding group with Monthly Cash Flow
status, AR status, Working capital & loan settlement status
▪ Managed finalization of financial statement for Audit under IFRS
standards & for statutory requirements
Company industry:
Construction & Building
Job role:
Management

Manager-Finance

May 2014 - May 2018

Saudi Federal Transformers LLC

Riyadh, Saudi Arabia

May 2014 - May 2018

& Accounts
Role:
▪ Maintain an effective and robust monthly / quarterly reporting system
of MIS-Dashboards & led financial planning & analysis. Weekly Cash
flow dashboard preparation & presentation.
▪ Spearheaded Accounts Payable & Accounts Receivable processes and
clerks; managing vendor relations, timely and accurate processing of
invoices, purchase orders, expense reports, credit memos and
payment transactions.
▪ Developing & implementing SOPs to manage inventory & control
operation, admin & other overheads to contain it within standard
budgeted cost.
▪ Managing the issuance of Import and Export Letters of Credit (L/Cs)
following UCP 600 rules & CADs including liasioning with banks for
advice, amendments, acceptance, settlements, cancellations, bills
discounting & resolving routine trade finance issues
▪ Coordinated with auditors to conclude statutory audit, reporting & tax
declaration of company
Company industry:
Industrial Production
Job role:
Accounting and Auditing

January 2014 - May 2014

Alstom T&D India Ltd

India

January 2014 - May 2014

Supported project management & unit business management in
management process by providing consistent and reliable financial
data & delivering an accurate picture of the financial condition of the
project Conducted analysis of commercial and financial terms in
project contract
▪ Estimated Analysis Sheet (Project-wise Income & Expenditure
Statement) to ensure the profitability of the projects are being
maintained and to forecast the margin at which the projects are to be
closed considering future opportunities and exposures
▪ Controlled the project expenses and ensured that the same are within
allocated budgets

Audit Manager

August 2013 - December 2013

Vijay Prakash & Co

August 2013 - December 2013

Company industry:
Accounting
Job role:
Accounting and Auditing

Assistant

December 2010 - March 2012

Schneider Electric Infrastructure Ltd

India

December 2010 - March 2012

Company industry:
Industrial Production
Job role:
Administration

Associates

July 2007 - July 2010

Uttam Agarwal &

July 2007 - July 2010

Job role:
Sales

Accounts Executive

October 2005 - April 2007

ABB Ltd

Azerbaijan

October 2005 - April 2007

Company industry:
General Engineering Consultancy
Job role:
Accounting and Auditing

Education

Institute of Chartered Accountants of India

May 2013

May 2013

Master's degree, CHARTERED ACCOUNTANT

India

GPA (point): 3 out of 4

GPA (point): 3 out of 4

CHARTERED ACCOUNTANT- ACCOUNTANCY, FINANCE, TAX, AUDIT
View attachment

INSTITUTE OF COMPANY SECRETARIES OF INDIA

March 2012

March 2012

Higher diploma, COMPANY & BUSINESS LAW

India

Skills

Financial Feasibility Studies
Expert
Financial Feasibility Studies
Expert
BUDGETING
Expert
BUDGETING
Expert
CASH FLOW
Expert
CASH FLOW
Expert
FINANCE
Expert
FINANCE
Expert
FINANCIAL
Expert
FINANCIAL
Expert
FINANCIAL PLANNING
Expert
FINANCIAL PLANNING
Expert
INVENTORY MANAGEMENT
Expert
INVENTORY MANAGEMENT
Expert
MIS
Expert
MIS
Expert
PROCESS ENGINEERING
Expert
PROCESS ENGINEERING
Expert
REPORTS
Expert
REPORTS
Expert
ACCOUNTANCY
Expert
ACCOUNTANCY
Expert
Financial Feasibility Studies
Expert
Financial Feasibility Studies
Expert

Languages

Arabic

Expert

English

Expert

Memberships

Institute of Chartered Accountants of India

Executive Member

May 2013

INSTITUTE OF COMPANY SECRETARIES OF INDIA

MEMBER

March 2012

Training and Certifications

Certifications
Reading Financial Statements , Corporate Finance Institute, (CFI), Vancouver, Canada.
Apr 2020
Introduction to Corporate Finance
Apr 2020
Certified Public Accountants, SOCPA
Training
CME-1 Certificate from Capital Market Authority
CAPITAL MARKET AUTHORITY

Hobbies and interests

Swimming