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Financial Controller

Location:
Riyadh, Riyadh Province, Saudi Arabia
Posted:
November 29, 2017

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Resume:

Mohammed Santina Phone: + (966-***-***-*** Email: ac3i07@r.postjobfree.com

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Mohammed Santina

Address: Riyadh, Saudi Arabia

Phone: + (966-***-***-***

Email: ac3i07@r.postjobfree.com

Finance Vice President/ Finance Controller/ Group CFO/ CFO/ Finance Director/ Accounting Manager

Career Brand – Qualified CPA with a Bachelor’s Degree in Accounting and 18 years’ experience in financial management and high end accounting while achieving business objectives for MNCs in Saudi Arabia, Lebanon and South Africa.

Valuation/ Budgeting/ Accounting – Skilled in creating, coordinating and evaluating the financial activities including budgeting, tax planning and overall efficiency and maintaining accounting records in accordance with the Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

Financial Reporting – Efficiently planning internal management systems and managing reporting requirement process from across an organisation to standardise and enforce consistency in reports.

ERP Implementation – Expertise in implementing ERP across the business and developing an efficient strategy for implementing better and more effective applications.

Team Development – Competently developing skills, capabilities and business awareness among team members, including encouraging cross team working with subsidiary teams and providing appropriate up-skilling through training.

Operational Excellence – Competently maintains and develops corporate culture, values and reputation in the market and with staff, customers, suppliers, partners and regulatory bodies and enhances processes and infrastructure to allow the organisation to grow and achieve its goal.

CORE COMPETENCIES

Reporting and Performance Analysis Coordinate Internal and External Audit Developing and Motivating Staff Contract Negotiations/ Due Diligence Create/ Modify Policies Procedures Fund Management and Investment Corporate Strategy/ Financial Operations Remodelling/ Restructuring/ Transformation Process Optimisation / Change Management Assess Financial and Operating Risks Mergers and Acquisitions/ Joint Ventures KEY ACHIEVEMENTS

DAR AL Arkan Real Estate Development Company

Effectively ensured the recoding of the chart of accounts to reflect the profit and loss of each project while performing project wise budgeting; thus allowing excellent analysis and variance per project. I Engineering Group

Instrumental in enhancing the reporting by introducing one chart of account for the whole group of 9 subsidiaries thus ensuring the issuance of consolidated financial statements for the group on a monthly basis and reporting to senior management on the group’s performance.

ZONIK (Nokia and Zain Distribution)

Successfully developed an excel module for the newly established company with no inventory system and implemented an efficient system to control inventory for 60 sales representatives and minimised shrinkage substantially. MTN International (Mauritius) Ltd

Efficiently implemented ERP system within stipulated time by replacing the old accounting system with ‘Microsoft Dynamics GP’. Worked in parallel with IT and finance teams and conducted regular meetings to assess the work completed.

Bestowed with "Certificate of Achievement" for the implementation of Enterprise Resource Planning (ERP) and Microsoft Dynamics GP.

Phoenicia Aer - Rianta Company (PAC)

Played a significant leading role in the implementation of ERP system for the entire organisation within deadline and was awarded ‘employee of the month’.

CAREER HISTORY

DAR AL Arkan Real Estate Development company (DAAR) Dec 2014 – Present Financial Controller

Dar Alarkan is a leading real estate development company in the Kingdom of Saudi Arabia, specialising in residential real-estate. Dar Al-Arkan specialises in the development of master-planned lifestyle residential communities offering developed land parcels, apartments and villas.

Mohammed Santina Phone: + (966-***-***-*** Email: ac3i07@r.postjobfree.com 2

Responsible for achieving budget objectives by scheduling monthly analysing variances; initiating corrective actions.

Providing status of financial condition by collecting, interpreting and reporting financial data.

Assisting in preparing annual audited financial statements and dealing with external auditors, providing them with accurate financial information and verifying accounting policies used to ensure smooth execution of the auditing process.

Reviewing bank reconciliations, loan schedules payments and receivable due payments.

Preparing quarterly parent company reporting package and participating in the preparation of strategy of the company.

Accountable for preparing monthly consolidated financial statements, balance sheet, income statement and cash flow for all projects.

Coordinating with the bank for new funding or loans; preparing monthly report about pledged assets with the bank.

Revaluating pledge assets value and review LTV ratio to assure smooth execution of bank loan agreements.

Monitor debt levels and compliance with debt covenants

Preparing forecast update, primarily by working closely with department heads in forecasting their department’s overheads for all projects.

Leading the preparation of annual budget for all the projects as well as the month-end and year-end close process.

Managing all accounting operations including Billing, A/R, A/P, GL, Payroll and Fixed Assets; preparing monthly budget vs. actual report along with variances for all projects.

Advise on the investment decisions of the company through using DCF methodology.

Manage the development and implementation of the company’s business plan

Administer and manage the budgetary control function on corporate level I Engineering Group, Beirut Lebanon Feb 2011 – Dec 2014 Group Finance and Reporting Manager

I Eng Group is a leading of site Construction within Africa and it is operating in nine countries.

Provided and interpreted financial information; monitored and interpreted cash flows and predicted future trends; analysed change and advised accordingly; researched and reported on factors influencing business performance.

Conducted reviews and evaluations for cost-reduction opportunities; managed a company's financial accounting, monitoring and reporting systems.

Responsible for group audit, developing external relationships with appropriate contacts, e.g. auditors, bankers and statutory organisations, managed budgets.

Arranged new source of finance for a company's debt facilities and supervised staff and assured accurate data is provided.

Stayed abreast of changes in financial regulations and legislation; managed the financial and business controls of the group and ensured the controls are standardised across all subsidiaries of the group.

Issued accurate group financial statements on a monthly basis (consolidated balance sheet; consolidated income statement).

Assured all intercompany accounts are reconciled and assured all eliminating entries are done properly.

Accountable for overall financial controls for the group, group taxes and kept an updated track of any country tax change.

Managed Letter of Credits with the banks and suppliers; delivered presentation of group financial statements to the board members on semi-annual meetings.

Worked on problem solving issues arising within the subsidiaries and reviewed collection reports to determine the status of collections and the amounts of outstanding balances.

Evaluated financial reporting systems, accounting and collection procedures, investment activities; provided recommendations for changes to procedures, operating systems, and other financial control functions.

Established procedures for custody and control of assets, records, loan collateral, and securities, for safe keeping.

Examined, evaluated and processed loan applications; prepared financial and regulatory reports required by laws, regulations, and boards of directors.

Followed up with Project Managers to get an update on status of the projects, percentage of completion and estimated cost to complete.

Managed, trained and coached members of the finance team to ensure their long term professional development.

Establish long term relationship with banks and other financial institutes and secure the needed facilities. Run the negotiations with banks to secure the best deal for the company ZONIK (Nokia and Zain Distribution), Khobar, Saudi Arabia Sep 2008 – Jan 2011 Finance Manager

The Company is a leading player in consumer electronics, digital content and telecommunications retail and distribution.

Carried out the day-to-day finance and accounts operations, managed full set of accounts and ensured timely closing of accounts.

Mohammed Santina Phone: + (966-***-***-*** Email: ac3i07@r.postjobfree.com 3

Performed project cost forecasts/budgets, cost tracking, monitoring and controls.

Presented timely monthly consolidated financial statements, payments and cash-flow; reviewed and approved payment vouchers and journal entries.

Performed cash flow forecasting, budgeting and worked closely with the operations and project teams in analysing margins, variances and cost analysis.

Developed and maintained internal control and effective accounting system and policies for the setup.

Established and maintained systems for cost-sensitivity analysis and early-warning of cost-overruns; worked consultatively with the respective departments on cost reduction initiatives.

Administered the inventory management activities of the branches to ascertain safety of inventory/assets and vendor relations for timely and cost-effective purchase of the product.

Supervised the preparation of the letter of credit and ensured its compliance with terms and conditions of L/C.

Verified all invoices and documents, ensured correct coding and respectively allocated to cost centre and submitted for authorisation by Finance Director.

Managed return to vendor process including documentation, tracking, adjusting and destroying of goods.

Monitored and performed daily inventory adjustments including quantity and price variance analysis and encountered problems in the normal handling of material.

Reviewed and analysed the profitability, liquidity and equity ratios, drafting reports on the same and submitted it to the senior management for taking further corrective measures.

Engaged in the development and implementation of goals, policies, priorities and procedures related to financial management and accounting.

Participated in preparation of budget and monitored variances in budget and managed wide spectrum of finance operations such as risk assessment, cash flow management and cost analysis etc.

Supervised and participated in the preparation of various financial statements and reports and reviewed payroll processing and calculations; managed GOSI payments.

MTN International (Mauritius) Ltd, South Africa Dec 2005 – Jun 2008 Accounting Manager

MTN Group Limited is a leading provider of telecoms services, operating in over 21 countries and having more than 120 million subscribers and annual profit of $ 1.7B.

Functioned as an Accounting Manager, charted an impressive growth curve through exceptional performance to merit promotion to the position of Budgeting and Reporting Manager. Budgeting and Reporting Manager Oct 2007 – Jun 2008

Managed the complete operations of budgeting process as well as budget application to ensure completion of work within stipulated time/cost budgets.

Spearheaded an array of financial disciplines including budgeting, forecasting and management reports to align to the company’s operations.

Designed and developed budget guidelines to optimise cash flows and manage investments and working capital requirements.

Assessed financial statements to build uninterrupted financial models, ascertained competitive advantage and key risks, as well as calculated and compared key metrics with peers.

Advised the management on optimal utilisation of financial structures within the company to enhance return on investment.

Provided assistance to the management with all required financial tools including narratives, budget v/s actual variance reports, analysis, reports, etc; prepared quarterly/annual financial statements and provided follow-up and documentation for significant variances.

Effectively coordinated with various departments for resolving budget related issues concerning each department.

Performed budget forecasting as well as daily, weekly, monthly and quarterly allocations of the budgets to all departments. Accounting Manager Dec 2005 – Sep 2007

Led the accounting activity cycle from posting of journal entries, opening and closing of accounts, to maintaining general ledgers, bank reconciliations, reconciling accounts, preparation of trial balance of books along with various accounting and annual reports.

Maintained and recorded all accounts receivable/payable disbursements and posted the same to appropriate ledgers to ascertain efficient record keeping and closure of accounts.

Reviewed and rechecked year-end accruals as well as ensured expenses incurred are accurately recorded.

Re-assessed and confirmed all subsidiaries and modules are matched with the correspondent GL accounts for smooth execution of work.

Mohammed Santina Phone: + (966-***-***-*** Email: ac3i07@r.postjobfree.com 4

Sustained fixed asset register systematically, updated the same regularly and confirmed the integration by comparing to the general ledger.

Oversaw the calculations made for depreciation and accumulated depreciation and posted to the relevant general ledger account.

Examined the asset management system to verify accuracy in additions, deletions or charges and updated the same in the books.

Supported the senior managers in formulating annual and mid-year budgets, as well as recommended on best practices, methodologies and tools to mitigate any deficiencies/weaknesses identified.

Administered the customer limit balances and directed the collection of outstanding debts to ensure payments are made within the stipulated time limits.

Phoenicia Aer - Rianta Company (PAC), Beirut Duty free Zone, Lebanon (FMCG) Jun 2002 – Nov 2005 Senior Accountant

Beirut Duty Free is one of the finest duty free retail environments in the world and has established itself as a brand in a highly competitive region of duty free operators.

Effectively managed the entire gamut of operations and implementations of international as well as local transfers.

Oversaw the payment process and ensured the documents required for the same are accurate and signed by authorised person.

Ascertained financial recording accuracy and compliance with the established accounting standards, procedures, applicable laws and regulations.

Functioned as a member of various departments including purchases, sales and logistics departments to ensure completion of work within the given time frame.

Prepared periodic VAT reports and submitted the same to the VAT Authority in compliance with company's policies and procedures.

Coordinated with external auditors, provided them with accurate financial information to ensure smooth execution of the auditing process.

Responsible for confirming each vendor maintained a master file containing contact, tax and contract information.

Placed orders, ensured sufficient funds are available before ordering and made sure orders placed are within the blanket or service order limits.

Oversaw/followed up for insurance claims with the insurance company or suppliers as per agreements/contracts.

Updated the management regularly on information pertaining to bank as well as interest position of the organisation.

Conducted trainings and periodic performance reviews of 4 team members to maintain motivated workforce. Key Achievements

Received "Employee of the Month" Award in Beirut International Airport.

Played a pivotal role in implementing ERP System in coordination with the other teams involved. EARLY CAREER

Arabian Civil Works Company, Beirut, Lebanon Aug 1997 – May 2002 Accountant

EDUCATIONAL QUALIFICATION

Certified Public Accountant (CPA) Nov 2010

The New Hampshire Society of Certified Public Accountants, New Hampshire, USA VAT Course Aug 2003

Wassim Chahine Taxperts, Beirut

Bachelor's Degree in Accounting Feb 1998

The Lebanese American University, Beirut, Lebanon

PERSONAL DETAILS

Date of Birth: 10th Aug, 1976 Nationality: Lebanese Marital Status: Married Driver’s Licence: Saudi Arabia/Lebanon References available on request



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