Khalid Mohammed Dawa, CPA, CMA
Birth Place: Riyadh Location: Riyadh
Civil Status: Married
Achievement-Driven Finance Manager seeking Executive Position with Established Corporation
Experienced CPA and CMA qualified finance professional with proven success in the fields of Financial Reporting, Budgeting, and Financial Planning/Analysis. Exceptional ability to think strategically, multi-task, develops high performing teams, and delivers extraordinary results under high-pressure work environments.
Areas of Training and Expertise
GBS Foreign Currency Accounting
Leadership for Managers
GBS Account Reconciliation
Revenue Recognition Under US GAAP
Creating a Business Plan
Accounting for Contingencies
Controllership and Budgeting
Conflict of Interests
Improper Payment Policy
JD Edward- Oracle
Executive Finance Manager NCBS- Mobily Subsidiary,
February 2018 - Present
As Executive Finance Manager, oversee the day-to-day operations of the company, including the direct management and mentoring of one Senior Accountant and five Accountants. Prepare the annual budget, while providing the Mobily company with updated forecasts and serving as the primary point of contact for the Mobily Operations, Consolidation, and Budgeting team. Analyze monthly Income Statement and Balance sheet changes and statement of cash flow trends; deliver monthly reports to the CFO, highlighting variance and making recommendations to implement improvements. Approves end-of-month financials, including account reconciliations and books closings; verify customer profitability every month, comparing to initial business case. Present financials and KPI's via PowerPoint to the Board every quarter. Regularly meets with other department directors to address various operations issues and concerns; provide financial reports and interpretation to managerial staff, recommending further courses of action. Ensure consistent compliance with company and external/international policies, including the implementation of International Financial Reporting Standards and International Accounting Standards. Address Auditing concerns and queries, following up on observations made during Internal and External Audits.
Manage daily operations of more than 3,000 employees within the company
Prepare from scratch an annual budget with more than $400M in turnover
Improved the HRMS and Billing systems for the company.
Senior Finance Manager Ramz CO- AL Romaizan Affiliate,
April 2016 - May 2017
As Senior Finance Manager, oversaw one Chief Accountant and three Accountants while analyzing costs and revenues and developing strategies to improve performance. Performed monthly reporting and analyses and confirmed understanding during monthly business unit management meetings; provided management and the Board with continuously updated Break-Even Point. Analyzed strategic projects for determination of financial consequences; analyzed revenues, liabilities, credit conditions, and other indicators to forecast the company's short, medium, and long-term cash flow position. Ensured all analyses and interpretations were completed in a timely manner. Managed the material procurement process and monitored the production department progress; continually followed up with production manager to facilitate prompt clearing of pending projects.
Recommended the removal of non-value-added business and changed the operating cycle.
Reduced cash conversion cycle by 75%.
Reconciled all balanced sheet accounts on a monthly basis.
Finance Manager Jawdah For Trading & Industrial Co,
January 2013 - March 2016
As Senior Finance Manager, oversaw and managed the accounting team, consisting of one Chief Accountant and five Accountants. Synthesized financial reports, banks balances, letters of credit, status reports, loans statuses, insurance reports and credit sales aging reports on a monthly basis to interpret and provide financial information and oversight to the company. Through this oversight, ensured the company's cash flow adequacy and ability to operate effectively and efficiently. Liaised with company bankers, insurance companies, and providers of credit to negotiate terms of agreements, obtain best possible terms/coverage, and maintain positive, long-term working relationships. Created written policies for financial operations including AP, PO, Advance Payment, and Petty Cash; circulated policies to all parties and confirmed understanding. Reviewed variances between Budgeted and Actual costs of manufactured units. Approved all journal entries, payments requests, and reconciliations.
Negotiated a very lost cost of financing rate for LC issuance and post financing loan.
Convinced management to sell unprofitable machines.
Reduced the cost of raw material by importing from China.
Reduce the bad debts percentage by implementing strict credit approval process.
AP Senior Accountant General Electric International Inc,
Industry: Energy, Aviation, Appliances, etc.
June 2008 - December 2012
Audited all received documents and ensured three-way match was applied properly. Reviewed all accounting work performed by outsourced accountants. Reviewed and reconciled all balance sheet accounts and items on a monthly and quarterly basis. Analyzed budgeting variances and performed GL analyses. Supported the tax team, as well as the finance tasks for other countries including Kuwait and Angola. Submitted Trial Balances to businesses; quickly responded and took action to queries from businesses or other stakeholders. Exercised continuous control over Delegation of Authority for all businesses. Liquidated facility costs and allocated assets to different cost centers. Monthly tasks included GRNI Accrual; Depreciation and Dilapidation Charges; and amortization.
Reviewed payments for more than $20M in total transactions per month.
Handled more than 16 different accruals to be captured during month end closing.
Introduced and initiated new methods to enhance controllership level.
Member of best GBS Team in MEA during Q4 of 2010.
Led the regionalization process of Saudi finance operations to GE India.
Account Supervisor of Central Region (Van and Whole Sales) for Axion Telecom, 2005-2008
Senior Accountant with Bin Zafrah Group, 2002-2005 (Awarded Best Financial Statements Analysis)
Junior Accountant with Info Star CO, 2000-2001
B.Com, Accounting, November 2002 Ain Shams University, Egypt
Certified Public Accountant (CPA), 2017
Certified Management Accountant (CMA). 2010