وحيد الدين سيد

Sept 2024 till Today: Working as a Group Finance Manager at Oasis Venture Group

Financial Planning & Analysis:
• Develop Annual and long-Term Budget with coordination with Head of Business Units and Department Heads.
• Regularly update financial forecasts based on actual performance, market trends
• Compare actual results with budgeted figures, identify variances, and explain the reasons behind them.
• Analyze financial performance and identify trends.
• Track key financial indicators (e.g., gross margin, Net Profit Margin, ROI, operating margin etc.) to evaluate the company’s financial health and efficiency.

Cash Flow & Treasury Management:
• Track daily, weekly, and monthly inflows and outflows of Cash.
• Prepare Budgeted Cash Flow (In & Out cash) Beginning of the Month.
• Maintain effective communication with banks, negotiate terms, manage credit facilities, and monitor interest rates and fees.

Financial Reporting :
• Prepare and review financial statements (income statement, balance sheet, cash flow statement) in accordance with applicable accounting standards (Submit Every Month on 10).
• Ensure timely filing of tax returns (VAT, Zakat, withholding tax, etc.), and compliance with regulatory bodies such as tax authorities and government agencies.

Expenses Monitoring :
• Track and analyze all operating expenses to ensure they stay within budget and are aligned with company goals.

Vendor & Contract Review:
• Evaluate supplier contracts and service agreements to negotiate better terms or explore more cost-effective alternatives.

Approvals and Process:

• Monthly Payroll, All Vendor Payments, All Bank Transactions, Petty Expenses will be process in Bank. All Customers Invoice, Vendor Invoices and Contracts will be Approve.

Policies & Procedures Implementation:

• Establish and enforce financial policies and procedures to ensure internal controls, prevent fraud, and promote accountability.

Audit Coordination:
• Facilitate internal and external audits by providing necessary documentation and explanations; address audit findings and implement recommendations.

Team Leadership:
• Supervise, mentor, Hire, and develop finance and accounting staff to build a high-performing and motivated team.

System Implementation & Oversight:
• Oversee the implementation, maintenance, and optimization of financial systems (e.g., Accounting software) to improve accuracy and efficiency.

• Financial Strategy Alignment: Spearheaded financial planning initiatives that supported and enhanced business objectives, driving sustainable growth.
• Comprehensive Oversight: Managed accounting, budgeting, Financial Reporting and internal controls, ensuring operational efficiency and financial integrity.
• Cash Flow Maximization: Directed treasury management to optimize cash flow and investment returns, enhancing liquidity.
• Strategic Funding Relationships: Cultivated partnerships with banks and stakeholders to secure critical financial funding for initiatives.
• Budgeting Excellence: Led the development of budgets and financial forecasts, providing insights for strategic decision-making.
• Critical Reporting: Delivered detailed cash reports, collection reports and financial statements, equipping management with essential data.
• Informed Decision Support: Provided accurate cash flow projections and budget reports, enabling data-driven leadership decisions.
• Compliance Assurance: Managed financial closing processes to ensure adherence to regulatory standards, protecting the organization’s reputation.
• Auditing: Coordinate audits with auditors, addressing queries and ensuring compliance with audit requirements and timelines.
• Proactive Risk Mitigation: Implemented a financial risk management framework to minimize potential losses and safeguard assets.
• Efficient System Implementation: Led the transition to a new financial software system, achieving reduction in reporting time and improving data accuracy.

Achievements:
• Implemented cost control measures resulting in reduction in operational expenses.
• Led the successful preparation and finalization of financial statements, aligning with global standards.
• Streamlined internal controls, enhancing transaction integrity and asset protection.
• Cultivated banking relationships, optimizing costs and improving financial operations.
• Mentored and developed finance team members, enhancing overall departmental efficiency.

• Successfully consolidated financial statements and managed budgets and capital expenditures, ensuring optimal resource allocation.
• Prepared comprehensive financial reports for various segments, delivering insights to top management for informed decision-making.
• Effectively monitored receivables and payables, guaranteeing timely payments and maintaining healthy cash flow.
• Led the supervision of financial period closing phases and compliance procedures, enhancing accuracy and adherence to regulations.
• Transformed the budgeting process by implementing automated tools, resulting in improvement in accuracy and a significant reduction in preparation time.
Achievements:
• Enhanced accounting policies and ERP systems, improving financial operations.
• Assisted the CFO in various ad-hoc projects, contributing to strategic financial decisions.

Produced income statements, variance analyses, and consolidated reports.
• Analyzed financial statements using various techniques and ratios.
• Prepared annual due diligence reports and cash flow statements.
• Collaborated with auditors for thorough annual audits.
• Played a pivotal role in the annual budgeting process, collaborating with various departments to ensure alignment with organizational goals.
Achievements:
• Developed comprehensive financial reports, aiding in strategic decision-making.
• Conducted financial health assessments, ensuring financial stability