USAMAH ALMUSHARRAF, Sr. Manager – Accounting

USAMAH ALMUSHARRAF

Sr. Manager – Accounting

Sahara Petrochemicals Co.

Location
Saudi Arabia - Jubail
Education
Bachelor's degree, Accounting
Experience
18 years, 7 Months

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Work Experience

Total years of experience :18 years, 7 Months

Sr. Manager – Accounting at Sahara Petrochemicals Co.
  • Saudi Arabia - Jubail
  • My current job since April 2015

• Part of Sahara Optimization Project, which targeted the company’s operating model.
• Leading Sahara & Affiliates in the IFRS implementation project
• Part of Sahara’s Strategic Planning Team - Minhaj - that set the objectives and initiatives for the short term 5 years span and long term of over 5 years.
• Leading Sahara & Affiliates in the VAT implementation project
• SAHARA & Affiliates FICO Power User
• Maintain a non-violation record in compliance with the Corporate Governance Rules in both Tadawul Announcements and in the yearly Board of Directors Reports.
• Achieved best Saudization increase level over a span of 4 years between Sahara departments
• Supported CFO with communication and reporting to the Board’s Audit Committee
• Heading Sahara Team for the FDD activity for the successful merger with Sipchem in 2018/19 & part of the MD&A/LDD/legal documentations/Deal Marketing/ Post merger planning and integration/Communications/Tadawul & CMA link Work streams

CFO at Al Waha Petrochemical Co.
  • Saudi Arabia - Jubail
  • My current job since January 2017

• Responsible for the day to day planning, implementing, managing and controlling all financial related activities of the company
• Plan and present to the BOD the budget of the year and the 5 years business plan and then execute.
• Oversee the Financial and strategy of the company
• Identify financial risks and opportunities
• Maintain a high dividend yield to shareholders - 2018 being the highest ever.
• Co-host training programs of knowledge sharing with our JV partners Sahara & Lyondel Basell
• Being one of many Lyondel Basell JVs, Al Waha proudly won the best LYB JV in operations levels and in reporting in 2017
• Prepare and execute BOD resolutions and shareholders resolutions

Financial Accounting Section Head at Sahara Petrochemicals Co.
  • Saudi Arabia - Jubail
  • July 2008 to March 2015

* Heading Sahara Finance AP, AR, GL, FA & Shareholders Affairs
* Responsible for Sahara’s Tadawul (Capital Market Authority) announcements quarterly, and year end.
* Heading Sahara & Affiliates consolidated external audit
* Preparing Sahara Finance Board Package presentation
* Supervising Sahara Management Report
* Supporting in PS, MM, Petty Cash activities
* Part of Sahara's team in preparation for the proposed merger with Sipchem, leading in the Financial due diligence (FDD), and part of the Legal due diligence (LDD), Management Discussion & Analysis (MD&A), Pro Forma Financials, Prospectus, review of the legal documents (Structure, Merger Agreement, Offeree Circular, Firm Intention Announcement), securing consents & the PR campaign
* Capitalizing Sahara main plant "AlWaha" in 2011
* Establishing Accounts Payable Section through SAP and training the new employees to take charge.
* Member of Al-Nufud (SAP Go-Live) Project team in 2008
* Part of the team that prepared Sahara's right issue in 2009 & 2011

Financial Analysis at Saudi Kayan Petrochemcials Co
  • Saudi Arabia - Jubail
  • August 2006 to June 2008

* Part of Saudi Kayan (SK) GO-LIVE team in July 2006
* Part of a two man team that established the foundation of Employees Relations in Saudi Kayan
* Part of a two man team that established the foundation of Finance dept. in SK
* Finance Acting Manager from Oct 06 till Feb 2007, and also during the absence of the Finance Manager.
* Leading the SK audit team for SK IPO.
* Handling SK ER&C solely, for the period from Oct 2006 till May 2007 and training the replacement afterwards.
* AP, AR, CO & GL focal point.
* SK GS Vocal point for the period from Oct 2006 till January 2007.
* Saudi Kayan IN-Kingdom Project team member.
* Owner Cost Project cost controller, from June 2007 up June 2008.
* Communicating directly with the high management in SK and in SABIC.
* Two Excellent evaluations with Saudi Kayan in a row.

Accounts Payable Accountant at SABIC Petrochemicals
  • Saudi Arabia - Jubail
  • October 2005 to August 2006

* Handling AP materials.
* Nominated to represent SABIC SS AP in newly JV Saudi Kayan.

Education

Bachelor's degree, Accounting
  • at King Faisal University
  • May 2005

* Graduate with 2nd honor * Major GPA: 4.65 out of 5

Specialties & Skills

Financial Accounting
Analysis
Accounts Payable
Team Building

Languages

Arabic
Expert
English
Expert

Training and Certifications

WGBFAC Business Process in Financial & Management Accounting with the new GL (Certificate)
Date Attended:
October 2013
Valid Until:
November 2013
Financial Modeling Master Class (Certificate)
Date Attended:
September 2010
Valid Until:
September 2010
Asset Lifecycle Costing & Management (Certificate)
Date Attended:
December 2009
Valid Until:
December 2009
Decline in the value of non-current assets (Certificate)
Date Attended:
February 2010
Valid Until:
February 2010

Hobbies

  • Travel The World
  • Playing Football
  • Manchester United