Financial Accounting
Resume:
ASHRAF ABU OMAR - CFO (CV)
Personal Information:
Name: Ashraf Mohammad Abdul-Fattah Abu Omar.
Nationality: Egyptian.
Birth Date: 15 February 1967.
Marital Status: Married, Number of Dependants: 3
Iqama: Transferable.
Contact Information:
Tel. Contact: Mobile No/ 054*******
Location: Riyadh, Saudi Arabia.
Emails: ac93of@r.postjobfree.com
Scientific qualifications:
1- Certificate Degree: Certified Public Accountants – (CPA) 2- Certificate Degree: Certified Financial Consultant – (CFC) 3- Certificate Degree: Chartered Business Administrators – (CBA) 4- Certificate Degree: Computer Diploma, in D.O sys._ Acc. sys. In 1990. 5- Certificate Degree: Bachelor's degree in commerce, Alexandria University (BSc) 1989. Key of Position:
As a qualified CFO, My duties and responsibilities requires me to work on several levels, with all related parties inside and outside the organization, So I responsible to develop the financial and admin tools and systems to provide critical financial and operational information to the CEO, to help him in a decision making, and make actionable recommendations on both strategy and operations. I also responsible for all financial and accounting department functions, to ensure development and implementation of financial and accounting policies, and ensure supervising, controlling all the Organization’s financial operations.
As a certivied Chief Financial Officer, my accomulated experiences in my career on several levels as follows:
ASHRAF ABU OMAR - CFO (CV)
2019
2
1 - Strategy, Planning and Management
Act as Chief Financial Officer and strategic business partner to senior executive leadership team.
Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts.
Provide insight and recommendations to both short-term and long-term growth plan of organization.
Identify, acquire and implement systems and software to provide critical financial and operational information.Evaluate departments and make suggestions for automating processes and increasing working efficiency.
Communicate, engage and interact with Board of Directors, CEO, Executive Leadership Team.
Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
Select and engage consultants, auditors and investors.
Recruit, interview and hire finance, accounting and payroll staff as required.
Serve as a key member of executive leadership team and round table discussion panel.
Participate in pivotal decisions as they relate to strategic initiatives and operational models.
Interact with and bring department into line with Board of Directors’ plans, initiatives and recommendations.
Implement policies, procedures and processes as deemed appropriate by senior leadership team.
2- Financial Analysis, Budgeting and Forecasting
Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
Review and analyze monthly financial results and provide recommendations.
Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
Develop and maintain monthly operating budget and annual company operating budget.
Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team.
ASHRAF ABU OMAR - CFO (CV)
2019
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3- Accounting, General Ledger, Administration and Operations
Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software.
Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
Review and ensure application of appropriate internal controls, compliance and financial procedures.
Ensure timeliness and accuracy of financial and management reporting data for government funders, foundations, investors and company’s board of directors.
Oversee the preparation and communication of weekly, monthly and annual financial statements.
Oversee the preparation and timely filing of all local, state and federal tax returns.
Work with Human Resources to ensure appropriate legal compliance.
Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
Oversee preparation of monthly, quarterly and annual financial statements.
Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
Enhance and implement financial and accounting systems, processes, tools and control systems.
Hire, develop and manage accounting directors, managers and staff.
Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
Coordinate and strategize methods used to attain team goals with Chief Accounting Officer and Regional Controllers.
4- Financial Management
Manage cash flow planning process and ensure funds availability.
Oversee cash, investments and asset management area.
Explore new investment opportunities and provide recommendations on potential returns and risks.
Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.
ASHRAF ABU OMAR - CFO (CV)
2019
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5- Financial Relations and Policies
Engage finance committee and/or board of directors to develop short term and long term plans, projections and budgets
Represent company to banks, financial partners, institutions, investors, public auditors and officials.
Remain current on audit best practices as well as state, federal and local laws regarding company operations.
6- Finance and Accounting Team Management
Mentor and develop a team of 8 senior accountants and/or directors, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.
Guide larger, cross-divisional teams outside of direct span of control within the three main company divisions.
7- Cash Management
Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs.
Supervise Accounts Receivable management and provide guidance relating to the collection process.
8- Risk Management
Understand and mitigate key elements of the company's risk profile.
Monitor all open legal issues involving the company, and legal issues affecting the industry.
Construct and monitor reliable control systems.
Maintain appropriate insurance coverage.
Ensure that the company complies with all legal and regulatory requirements.
Ensure that record keeping meets the requirements of auditors and government agencies.
Report risk issues to the audit committee of the board of directors.
Maintain relations with external auditors and investigate their findings and recommendations.
ASHRAF ABU OMAR - CFO (CV)
2019
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9- ERP System Experiences
Build capabilities between both People and Technology to ensure continuous innovation and growth, and to promote the image & culture of the company. I am working on ERP system for a long period of time and my practical experiences in working on ERP software as follows:
- Working on ERP Software: Nervjan ERP systems and these programs are a global Microsoft's products. Database: Oracle database server.
- Work on ERP Software: Tensor ERP systems and these programs are a products subsidiary of Microsoft's global, Database: Oracle database server.
- Work on the ERP Software name: Microsoft AX Dynamics 2012 ERP systems, (Financial
& CRM) with eBECS and these programs are a product of a subsidiary of Microsoft Corporation.
10- Funding
Monitor cash balances and cash forecasts.
Arrange for debt and financing.
Invest funds.
11- Third Parties
Participate in conference calls with the investment community.
Maintain banking relationships.
Represent the company with investment bankers and investors. Competencies & Personal Skills
Team Leadership, strategic planning, and decision-making skills.
Strong problem solving and strong analytical capabilities.
Excellent computer knowledge and exposure to ERP system.
Excellent PC skills (PowerPoint, excel, etc).
Excellent command of English in both written and verbal communication.
Capable of multi-tasking; balancing multiple objectives to a successful conclusion.
Self-starter that can work independently and be an effective member of senior management. ASHRAF ABU OMAR - CFO (CV)
2019
6
Professional Experience
(1)
Dates: Presently,
Position in Group: Chief Financial Officer (CFO)
Company Name: Salaman Bin Saedan Real Estate Group. Company Address: Riyadh _ Saudi Arabia
Industry Type: Real Estate Investment & Development / Construction / Property Management
(2)
Dates: From Dec. 2009 to Feb. 2014
Position in Group: Chief Financial Officer (CFO)
Company Name: Zawaya Holding Co.
Company Address: Riyadh _ Saudi Arabia
Industry Type: Real Estate Investments / Construction / Oil & Gas / FMCG, Retail & Whole Sales / Hospitality/ Property Management/
(3)
Dates: From June 2006 to Nov. 2009
Position in Group: Chief Financial Officer (CFO)
Company Name: Jamal Jaroudi Group
Company Address: Riyadh _ Saudi Arabia.
Industry Type: Real Estate Investments / Construction / Oil & Gas / Retail & Whole Sales / Hospitality/ Property Management/
(4)
Dates: From May 2000 to June 2006
Position in Company: Head of Finance and Admin.
Company Name: Halawany .B.CO.
Company Address: Riyadh _ Saudi Arabia
Industry Type: FMCG / Retail & Wholesale / Manufacturing / Property Management/
(5)
Dates: From March 1997 to April 2000
Position in Group: Financial Manager.
Company Name: Al Arabah Group
Company Address: Riyadh _ Saudi Arabia
Industry Type: Automotive Retail Trading / Manufacturing / Oil & Gas. Spare parts and Auto Accessories Retail & Whole Sales.
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