وليد شوقي

❖ EXECUTIVE PROFILE
Finance Director-level leader with 20+ years of experience driving financial strategy, governance, and performance across Healthcare, Hospitality, Retail, Real Estate, Food & Beverage, Manufacturing, and investment sectors. Trusted advisor to CEOs and Boards with deep expertise in treasury, cashflow optimization, budgeting, FP&A, group reporting, and ERP-enabled transformation. Proven ability to balance financial control, risk management, and growth enablement in regulated, multi-entity environments.


❖ EXECUTIVE STRENGTHS
Financial Strategy & Executive Business Partnering Multi-Entity Groups Finance
Treasury, Liquidity & Banking Relationships
Budgeting, Forecasting & Financial Planning (FP&A)
Group Reporting, Consolidation & IFRS
Corporate Governance & Internal Controls
Risk Management & Regulatory Compliance

consolidation, audits, and financial reporting
Cost Optimization & Profitability

Over the last 100 years, Marafie Group gained the customers trust & valuable knowledge and experience in different sectors
• Identify risks and opportunities to contribute to the achievement of the organization's short- and long-term goals and strategies
• Establish and maintain positive, ongoing relationships with stakeholders
• Liaise with the Financial Planning & Analysis to develop and communicate the budget guidelines and templates to be distributed to all units to ensure that all indicators are clearly understood and applied
• Ensure that the Finance division is playing a key role as a supporting function to the business
• Oversee the preparation and control of overall organizational budget/forecast and plan, and ensure the effectiveness of the financial control, continuously monitoring business spending against business plans and budgets/forecasts
• Contribute to the development of financial reports to determine forecasts, trends and results analysis and provide financial support for various units
• Provide the required reports to the external stakeholders as per the local tax and commercial laws
• Monitor funds of the group, and assist in the formulation and implementation of an effective cash management plan
• Review accuracy of financial reports and ensure cash payments are within approved budgets
• Ensure proper accounting and forecasting of each unit's financial results
• Plan and conduct comprehensive studies to determine cost of business activities and improve the operational and financial effectiveness of the assigned company or business unit
• Work with management to analyze cost and revenues, including advices about financial implications on particular undertaking or project
• Monitor spending and financial control through identification of potential risks of the assigned company or Business Unit
• Recommend adjustments and cost improvement measures
• Record, classify and report financial transactions and events in accordance with generally accepted accounting principles
• Review costs and perform cost/benefit analysis related to projects and/or programs and ensure that the business is run in compliance with the different regulations such as tax and commercial laws
• Work and coordinate with the central credit division to optimize and resolve issues related to the collections
• Identify solutions for the maximum automation of process steps

Responsible for all the financial aspects of the Group

Responsibilities:

• Yearly & Monthly closing and financial statement (cash-flow balance sheet, income statement &financial ratios) for the Group.
• Monthly and yearly Investment revaluation and performance report for all the investments.
• Budget preparation (Turnover Cost Analysis - Financial Statement).
• Monthly performance Reports.
• Preparing forecast for financial controller about cash inflows &outflows depending on suppliers' maturity.
• Coordinating with CFO treasury for cash-flow planning, monitoring and control.
• Preparing consolidated financial reports for year end for external audits and external parties (Ministry of Commerce and bankers)
• Ensuring that processing of information goes smoothly and in accordance with IFRS.
• Responsible for ensuring that liabilities are paid on time and receivables are collected on time.
• Equipment utilization reports.

Kuwait - UAE - KSA - Qatar
Company Industry: Retail & Merchandising

Controlling all balance sheet accounts by preparing monthly reconciliation for all assets &liabilities and actions accordingly.
• Responsible for month end closing due to schedule with coordinator.
• Controlling budget to ensure and report any irregular expenditures or those not
Provided in the budget and notifying the Comptroller, if any.
• Reviewing Petty Cash reimbursement of General Cashier and any other
Payments
• Reviewing Account Receivable invoices before sending them to other companies
• Responsible for Departmental Training and the preparation of training plansfor the Accounting Department.
• Making sure that all revenue areas are well controlled.
• Establishing& maintaining good atmosphere and effective employees
Relations
•. Ensuring internal control on payroll system in accordance with the policy
& procedures& establishing checklist for paymaster.

Reviewing and following up on prepaid & suspense accounts.
• Responsible for FF&E recording, updating and following up.
• Replacing various Section Heads during their absence if needed.
• Establishing& maintaining good atmosphere and effective employees relations.
•. Ensuring internal control on payroll system in accordance with the policy
& procedures & establishing checklist for paymaster.
• Responsible for month end closing due to schedule with coordinator

Specialties
•Monthly Closing
•Monthly Reporting
•Year End Closing
•Quarterly Internal Audit for the whole Group of Companies
Abilities
Problem Solving
Critical thinking
Analytical
Attention to details
Drawing conclusions from raw data
Good Verbal &Written communication
Training and Certifications
Human