OMAR AL OTAIBI
Regional Finance & Country Manager
An accomplished Finance and Administration executive, w ith demonstrated leadership skills spanning over 20 years in a variety of highly competitive markets and fast-paced environments. Highly analytical, diligent and results-driven professional w ith verifiable achievement. Work experience
2013 – Oct 2019 Regional Finance & Country Manager DataFlow Services FZ LLC
The w orld’s leading provider of specialized P rima ry Source Verification, background screening, and immigration compliance solutions
Manage the Group’s financial accounting function, by p roviding regional and location analysis and recommendations on monthly bases
A nnual reporting and forecasting reported to the group CFO Manage, coach and develop senior accountants.
Ensured the accuracy and completeness of all locations financial reports, including end monthly reports
Overseen and supported external financial audits across all locations and the group compiled reports
P erformed balance sheet and P&L analysis of critical balances. A ssured that the group legal financial requirements are met like Income Tax, VAT & other law requirements
Costs maintenance and loss reduction of by studying financial reports and business process P rovide and develop timely, monthly financial management reports to senior management w ith appropriate commentaries to highlight key trends and Issues P reparing financial projections and managing the annual budget process by coordinating inputs and wo rking closely w ith all key department managers Reported to management on variances from the established budget, and the reasons for those variances
Using Oracle NetSuite ERP
Member of the core team in acquiring Sec u rity Department in Service Organizations Control (SOC) Certificate and International Organization for Standardization (ISO) O v e rseeing general office operation.
A pproving domestic and international travel, including flight, hotel, and car rental reservations. Coordinate w ith country managers in DataFlow group offices Coordinate w ith other departments for events, conferences, and exhibitions 2011 - 2013 Finance & A dministration Manager
Master Tech Co. (MTC) FZC
State of the art factory w ith the latest advancement in the technology of Reinforced Thermoplastic P ipes system also known as (RTP) these pipes are mainly used in Oil and Gas industries as a transportation medium at high bar levels reaching pressures of above 150 bars. This is to be 1 of 6 factories Across the world.
Sanction all transactions posted in the accounting system. Ensured compliance w ith the organizational financial policy as well as statutory financial requirements
Prepared monthly and annual financial reports w ith a direct reporting lin e to the directors make recommendations for an update of financial policy and procedures as necessary Handled the migration of the company’s new software from No ria system to Dolphin ERP P rovided training for staff members on the application uses for dolphin ERP. (To remove if not needed)
Custom auditing of the Dolphin ERP to suit different departments requirement to optimize performances
Ha n d lin g all documentation for Imports, Import payments and Export Opening of L/Cs, Bank formalities.
Know ledge of technology and production to reach the maximum of cost saving and increasing profits
P rovide a more in-depth view of the market status by applying F inancial A nalysis tools to give a more detailed and accurate understanding wh ich helps in formulating new approach strategies. P reparation of annual master budget including income statement budget, cash budget, capital expenditure budget, balance sheet budget and cash flows budget. P reparing y early Budget, comparing estimated budget w ith actual figures on monthly basis. Initiated & conducted the feasibility study as to what sort of economic impact w ill result in the introduction of new machinery lines (PVC & PE) to the company Responsible for complete costing structure of the RTP line. Oversaw the implementation of the API standard (A merican Petroleum Institute) to the final stages wh ich constitute more than 5 Certifications from QMS to more technical applications of certificates Maintain, implement and review from time to time an annual staff appraisal system and other tools such as skill mapping tool, role clarity tool, etc 2009 - 2011 Accounting manager
Promix Ready Mix Concrete
P romix Ready Mix being a large factory specializing in concrete also is a subsidiary of A lA ttar Group of companies.
Suggest the financial polic ies, commitment and supervise the implementation of programs of financial and accounting system and financial procedures and the issuance of financial reports. Monitor and report on account profitability.
A ttend weekly meetings, monitoring debtors’ position and act when appropriate Be familiar w ith the credit lim its and payment terms for each Client. E ffectively managing the invoicing process
P rovide a more in-depth view of the market status by applying financial analysis tools to give a more detailed and accurate understanding wh ich helps in formulating new approach strategies Reconciliation of various accounts like Receivables, Payables, Inventory, Banks, & Principal A ccounts.
Year End Inventory
Year End financial statements, w ith analyzing reports for sales, debtors, Purchase, creditors, expenses, profit, stock, and cash flow
Making yearly Budget, comparing estimated budget w ith real figures as monthly wise. 2003 - 2009 Chief Accountant & Credit Controller
Exporient M iddle East
The company is based in Jebel Ali Free Zone, UAE and representing German OE suppliers e.g. Hella, Wabco, BPW, Jost, Behr in the complete Gulf region w ith a turnover of 400 m illio n AED. The company has branches in Kuwait and Saudi A rabia and sales in all G.C.C.
• Prepares monthly financial reports and variously related statements for all branches that reflect the department’s financial condition.
• A ssists in the formulation of the department’s budget in compliance w ith applicable budget policy guidelines.
• Monitors expenditures for all branches to assure that the department remains w ith in the budget
• Purchases commodities, serv ices, and capital items, spot checks shipments for quantity and quality to reach the point of best price, best quality
• Maintains records of contracts, makes estimates of work and material costs.
• A ssists in the formulation of work measures to maxim ize efficiency and cost savings.
• Ensures that records for internal and external audits are prepared.
• Prepares various reports and studies.
• Handling all documentation for Imports, Import payments and Export Opening of L/Cs, Bank formalities, etc.
• Reconciliation of various accounts like Receivables, Payables, Inventory, Banks, Inter-Branches & P rin cipal A ccounts.
• Responsible for A ccount dep. Du ring the implementation of the new ERP Microsoft Great P lains
• To manage the outstanding sales balances falling due and contact customers before the balances become overdue to confirm payments.
• A ssist in developing and implementing a D ire ct Debit payment system. 2001 - 2003 Senior A ccountant & Credit Controller Jumeirah Pure Water Factory
• Establish the Accounting Department.
• P reparing monthly and yearly financial statements
• Stocktaking, receiving materials, vans stocktaking, vans loading and vans reconciliation items
• Customers following up, collection, sales, and aging
•Manufacturing cost of w ater.
1998 - 2001 Senior A ccountant
A l Jallaf Enterprises
Specializes in trading of polypropylene pipes (PPR) & polyethylene Pipe (P EX) in market
• Established the company accounting department
• P reparing monthly and yearly financial statement
• Landed cost for received goods
Recruitment and talent acquisition A pplying a structured approach to create the competencies the company needs Data connection Be ing the connector of data between business and data experts People management Using managerial skills to influence people and lead change. Risk management Making the business resilient and strengthening the business model through enabling innovation and adapting new technologies.
Taking proper decision at the right time, and providing financial and business implications
A nalytical skills
Ena blin g effective business partnering by concentrating on analytics Problem solving
P roviding Proper solutions to business obstacles and problems Strategic planning. Setting the company vision. Realizing that vision through small, achievable goals Helping others employees to set up the goals and decide the actions Education
1993 - 1998 Bachelor of “Economics and Administration Sciences”with a Major in “A ccounting University of Baghdad
Microsoft D y nam ics - Great P lains
Oracle NetSuite ERP
P urchasing Fundamentals Courses - 2008
Human Resource Course - 2011
Business A dministration Course -2012
Six Thinking Hats Course - 2012
VAT training, Seminar & workshop 2017
Date of B irth : May 1974
Marital status: Married