Mohamed Ayad Chief Financial Officer /Financial Controller

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Curriculum vitae (C.V.)

Name Mohamed Elshahat Ayad

Date of Birth 10/05/1986.

Nationality Egyptian.

Marital Status Married.

Military Service Exempted.

Religion Muslim.

Cell Phone +966-*********

E-mail ac5tvl@r.postjobfree.com

Address Riyadh, Saudi Arabia.

Objective

Seeking an appropriate position at a Multi-national company to secure a challenging management position with a dynamic organization where my business knowledge, experience and skills contribute towards organization growth and success.

Education and Certificates

• Financial Risk Manager (FRM) Ongoing.

• IFRS Course - 2017

• Certified Financial Manager (CFM) - Part 2 Feb. 2016.

• Saudi Tax System and new Zakat Rules- 2015.

• Planning and financial forecasting and budget preparation. - 2013

• CMA –Certified Managerial Accountant (Part 1) – 2011/2012.

• CFC- Certified Financial Consultant 2011/2012.

• Certified Accounting Technician (CAT) - 2012

• Bachelor of commerce (English Section), Accounting Department –2006/2007. Profile

A well-organized, reliable, creative and controlling Financial & Administrative with a deep experience in multi- Operations activities, accustomed to work with a tight budgets /schedule. Enjoying tackling problems and the ability to develop and motivate, inspire and lead a team, Ability to communicate comfortably at all managerial and non- managerial levels to ensure that good teamwork will always achieve its goals, with an excellent computer skills and ERP systems (Oracle/Navision Package).

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Career History and Experience

(1)

Period Feb. 2015 till March 2018.

Position Chief Financial Officer.

Reporting to Chief Executive Officer.

Employer Al Rashid Technology& Power (ATP).

Major responsibilities:-

• Retain Constant awareness of the company’s financial position and act to prevent the problems.

• Ensure a strong accounting and operational control environment to safeguard company assets, improve operations and profitability.

• Develop means to improve profit including estimating cost and benefits.

• Generate and implement the cash policy to reach the ideal use for the available cash resources.

• Set and develop the financial policies for the company.

• Set and develop the Value Added Tax System to cope with the Tax rules within Saudi Arabia.

• Analyze information, forecast sales against expenses and create annual budget plans.

• Compile information, analyses and monitor actual sales against projected sales.

• Analyses differences between actual budget wages and forecasted wages for more efficient budget plan.

• Act creatively and practically to develop, execute and implement new business plans

• Create the annual operating budget for the company.

• Provide analytical support during budget reviews to identify cost saving and productivity opportunities.

• Implement policy and procedures of appropriate control to manage business risk.

• Analyses financial data and market trends.

• Lead the development and implantation of a comprehensive annual business plan, which is aligned with the company’s strategic directions.

• Provide ongoing analytical support by monitoring the company’s projects.

• Produce forecasts that enable operations to react to changes in the business.

(2)

Major responsibilities:-

• Oversee all aspects of the finance function to ensure efficient performance, timely and accurate reporting with effective documentation.

Period Sep. 2013 till Jan. 2015

Position Financial Controller.

Reporting to Chief Financial Officer.

Employer Abdul Rahman Saad Al-Rashid & Sons Co. (ARTAR) – Supervising the following Sectors Technology Sector, Real Estate Sector, Agriculture Sector).

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• Provide directions, advice and coaching to the Division Heads within the sector in performing their delegated responsibilities, and monitor their achievements.

• Develop implement and follow up with the yearly company budget.

• Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.

• Analyze costs, pricing variable contribution Sales results and company’s actual performance compared to the business plan.

• Conduct reviews and evaluation for cost reduction opportunities.

• Liaise with auditors to ensure appropriate monitoring of company finances is maintained

• Maintain the accuracy and timeliness of financial/ accounting process and reporting in accordance with company accounting policies, IFRS and other regulatory requirements.

• Reviewing the monthly financial statements for each sector then preparing the Consolidated Financial Statement for the Group.

• Preparation and reviewing the monthly closing pack with Head of Finance and finalizing the monthly closing requirements.

• Independently managing end to end process right from booking of expenses and revenue as per transfer pricing guidelines monitoring cash flow position, processing payments, intercompany transactions, bank and other ledger account reconciliations to finalization of monthly books.

• Assisting and supporting the CFO, in preparation of the Zakat Return plus all GAZT Requirements.

(3)

Period Dec. 2010 till Aug. 2013

Position Chief Accountant

Reporting to Financial Controller.

Employer Abdul Rahman Saad Al-Rashid & Sons Co. (ARTAR) - Telecommunications Sector

Major responsibilities:-

• Reviewing the daily transaction and Posting to Ledger Accounts.

• Track expenses and revenues Vs. Budget and analyze fluctuations.

• Prepare monthly financial statements and Executive Financial Reports.

• Cost control for Raw materials, manufacturing expenses and overhead expenses.

• Supervising the implementation of the department plans, as well as ensuring their compliance.

• Ensuring that work activities are carried out according to the pre-set performance goals, and suggesting any necessary actions to the concerned Directors.

• Back office credit facility.

• Provide monthly cost analysis report and performance indicators for all functions/business units and projects.

• Monthly financials reports.

• Activation and Appling of related policies & procedures.

• Coordination, preparation and monitoring of annual budgets. Mohamed Ayad Chief Financial Officer /Financial Controller Page 4 of 5

• Enforce company policies and procedures when processing financial matters.

• Involved in the Accounting & Compliance function’s interaction with other departments of the company.

• Cash & treasury management.

(4)

Period Dec. 2009 till Nov.2010

Position Senior Accountant

Reporting to Chief Accountant.

Employer Abdul Rahman Saad Al-Rashid & Sons Co. (ARTAR) - Telecommunications Sector.

Major responsibilities:-

• Reviewing the daily transaction.

• Letters of Credits (Whole Process starting from establishment till receiving goods/ services).

• Preparing Full Financial Statements.

• Cash and Bank accounts: operating more than 10 bank accounts local and foreign currencies, issuing bank transfers (local& Foreign), issuing cheques, providing available cash reports and any needed cash reports.

• Fixed Assets: all related FA accounts Acquisition, depreciation and disposal.

• Payroll and employees' accounts: salaries wages employer paid employees benefits.

• Inventory accounts: recording and analysis of inventory movement, making all inventory reports.

• Projects Budgeting and analyzing its Expenses to identify the major variances, and reporting that to the Chief Accounts.

• Payable, Receivables.

• Prepaid and Accruals.

(5)

Period March. 2008 till Dec. 2009

Position Junior Accountant.

Reporting to Chief Accountant.

Employer International Telecommunications Systems Operations (One of Abdul Rahman Saad Al- Rashid & Sons Co. (ARTAR) Subsidiaries)

Major responsibilities:-

• Cash and Bank accounts: operating more than 10 bank accounts local and foreign currencies, issuing bank transfers (local& Foreign), issuing cheques, providing available cash reports and any needed cash reports. Mohamed Ayad Chief Financial Officer /Financial Controller Page 5 of 5

• Fixed Assets: all related FA accounts Acquisition, depreciation and disposal.

• Payroll and employees' accounts: salaries wages employer paid employees benefits.

• Inventory accounts: recording and analysis of inventory movement, making all inventory reports.

• Projects Budgeting and analyzing its Expenses to identify the major variances, and reporting that to the Chief Accounts.

• Payable, Receivables.

• Prepaid and Accruals.

Computer skills

• Working Environment “Windows XP, 07, 10”.

• MS office package (Word, Excel, and PowerPoint)

• Microsoft Business Solution (Navision)

• Oracle E-Business Suite.

Languages

• Arabic: Native.

• English: Excellent.

References will be available upon request

Available to start job after 30 days.

Contact this candidate