MOHAMMED KHALIFA HASSAN

Contact: +009**-********* / 009**-*********

E-mail:advrgm@r.postjobfree.com / advrgm@r.postjobfree.com Senior Level professional – BSc / CMA / FMVA ®

CFO, Finance / Accounting Manager, Credit Control

An ardent analyst with expertise in strengthening companies to lead in highly competitive situations

EXECUTIVE PROFILE SUMMATION

• Leading personality with the ability to lead the team.

• A competent professional with 18 years of experience in Finance & Accounts, Audit and Budgeting & Cost Control.

• In-depth knowledge of establishing financial status by developing & implementing systems for collecting, analyzing, verifying, and reporting financial information; managing staff.

• Possess sound expertise in highly specialized accounting work required to maintain the Authority’s general ledger.

• Gained significant exposure in resolving complex accounting issues or assists other Authority personnel in resolving financial issues.

• Instrumental in supervising the general ledger group to ensure all financial reporting deadlines are met.

• Demonstrated abilities in managing complete planning & management activities for ensuring completion of various types of audits within the time & cost parameters.

• Pivotal in ensuring completion within time and cost parameters; preparing documentation for audit observations and conclusions derived; suggesting scopes for improvement in the existing financial scenario.

• Skilled in handling commercial & credit control activities.

• Ability to analyze and make decisions .

• Ability to communicate, Ability to organize and coordinate.

• An effective communicator with strong presentation, people management, interpersonal, negotiation, analytical and problem-solving skills.

CORE COMPETENCIES

~ Accounting & Finance – IFRS Compliance ~ Management Reporting ~Cost Accounting Internal Control

~Financial Analysis ~ Inventory/ Treasury Management~ Budgeting/Forecasting Develop.

~ Accounting Procedures & Auditing ~ Strategic Planning ~ Team Management

~ Performance Evaluation and Potential Risks

WORK EXPERIENCE

Leader Medical Services Company – Leader Medical Polyclinics, SAUDI ARABIA August 2019 - Present

Growth path:

Chief Financial Officer

Responsibilities:

• Assist in Company Strategic plan.

• Handle full spectrum of financial and cost accounting roles eg. AR, AP, GL, forecasting, budgeting, etc.

• On-time and accurate monthly closing and to produce monthly reports, which include key metrics, financial results, and variance reporting.

• Responsible to review day to day finance and accounts transactions, highlight the areas/transaction for improvements.

• Reconciliation and Settlement of Vendor, Customer, GL entries for appropriate reporting.

• Perform a full set of accounts and ensure timely closing of accounts.

• Reconciling and clearing Intercompany reconciliations with all groups SBUs.

• Perform project cost forecasts/budgets, cost tracking, monitoring, and controls.

• Responsible for timely monthly consolidated financial statements, payments, cash-flow.

• Review & approve payment vouchers & journal entries with respect to appropriate recording with respect to specified details, e.g. GL code, Cost center, sales order, text, etc.

• Issue project cost, product wise reports for review with variance analysis.

• Develop and maintain internal control and effective accounting system and policies for the setup.

• Ensuring that intercompany cost allocations are in line with management guidelines and agreements.

• Establish and maintain systems for cost sensitivity analysis and early warning of cost-overruns.

• Work consultatively with the respective departments on cost reduction initiatives.

• Apply key financial policies, systems, procedures, and the company’s chart of accounts and strive to translate policies into practice.

• Support Treasure function and monitor working capital and develop / monitor and control periodic cash flow forecasts.

• Supervise resources and provides timely and reliable financial information/reports and information to monitor business performance.

• Utilize and assist Banks and financial institutions to strengthen companies’ creditworthiness and Monitor loans, advances, borrowing, and focus on reconciliation.

• Ensuring the accurate on-time intercompany reconciliation and settlement of balances.

• Assist FM to minimize the impact of zakat and tax and ensure timely filing of all returns including VAT returns.

• Assist FM for the improvement and Utilization of ERP (SAP) in the organization.

• Monitor and Control Trial balance with respect to Assets, Liabilities, Revenue & expenses to ensure accurate, relevant, and timely financial reporting.

• Assist FC to deal with external auditors for audits and ensure un-qualified audit reports.

• Assist FM in dealing with Internal Auditors to strengthen internal controls.

• Assist FM to develop a high level of professional expertise in the finance team by leading, guiding, motivating the team.

• Manage the record is maintained for office petty cash and ensure control.

• Ensuring Fixed Asset recording, monitoring & Control.

• Appropriate recording and reconciling the staff cost in GL with HCM module.

• Verifying and reporting the results in other modules, PP, PS with FICO modules are reconciled and Financial reports are accurate.

• Provide analytical, forecasting, reporting, and project support to senior management.

• Preparing and on-time submission of all required financial information and details required by Division / Holding Management.

• Perform cash flow forecasting, budgeting, and working closely with the operations and project and update holding forecasting accordingly.

• Spearhead the annual and quarterly budgeting and forecasting processes Identify opportunities for performance improvement across the organization.

• Maintain knowledge and keep abreast of new investment regulations or policies.

• Develop models that help with decision-making for all cost and financial aspects to add value to the business.

• Supervise the implementation of financial strategies and plans including long-term financial plans and annual Budgetary controls.

• Execute statutory financial reports under the International Financial Reporting Standards (IFRS) and corporate governance standards.

• Supervise and contribute to the preparation of annual financial budgets, capital budgets, manpower plans, Project financial plans, and reports of variance analysis for budgetary controls.

• Assist and support Enterprise Risk Management (ERM) function in the organization to ensure the company’s risk are adequately covered e.g. by insurance policies.

• Apply strong internal controls system and policies and support the FM and AHC finance team to define limits of authorities.

Al Hayat Development Company Ltd., SAUDI ARABIA

May 2017 – August 2019

Growth path:

Finance & Administration Manager

Responsibilities:

• The establishment of the company's financial policies and the organization of the financial department to serve the declared objectives of the company.

• Managing the accounts team in KSA with 8 employees.

• Establishing and implementing financial and administrative procedures in line with organizational requirements.

• Managing all aspects of the Finance function including General Ledger, Fixed Assets, Accounts Payable, Accounts Receivable, Petty Cash, Bank Reconciliations, and financial statements preparation; ensures accuracy and timeliness.

• Prepare business activity reports, and forecasts.

• Monitor and control the flow of cash that comes in and goes out of the company to meet the company's business and investment needs.

• Preparation of all periodic financial reports of the activity of the company as well as the financial position of the company and its accounts and financial positions of the Covenant and other Debtors and creditors and others using the latest financial systems and accounting available.

• Control financial risk by using strategies to limit or offset the probability of a financial loss or a company’s exposure to financial uncertainty.

• Work closely with top executives and with departments that develop the data that managers need to help management make financial decisions.

• Conducting reviews and evaluations for cost-reduction opportunities.

• Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations such as the Inland Revenue.

• Monitors compliance with generally accepted accounting principles (GAAP) and company procedures.

• Ensure the timely reporting of all monthly financial information.

• Monitor expenditures, analyze revenues, and determine budget variances and report the same to management.

• Perform project cost forecasts/budgets, cost tracking, monitoring, and controls.

• Responsible for timely monthly financial statements, payments, cash-flow management reporting for submission.

• Review Balance Sheet Reconciliations.

• Monitor and report on deviations from credit standards.

• Determining the roles & permissions of users of the automated system in the processes of entry and migration of financial statements.

• Completion of all financial works related to the application in the rules of drainage and collection and the powers of accreditation and rules of internal control of sales, purchases, stores, expenses, insurance, treasury and wages according to the approved system.

• Preparing the annual plans (the estimated budget) in coordination with all the executive departments of the company and presenting them to the general manager and verifying that all expenses and purchases are within the estimated budget lines.

• Participation in the work of committees and meetings related to the fields of work of financial management, for example periodic meetings and coordination as well as procurement committees, which leads to facilitate the work of the committees and achieve them for the purposes for which it was formed.

• Preparation of the annual Zakat and communication with the Zakat interest regarding any items related to the Foundation.

• Review the comparison report between sales and collection in a retail business and report variance if any.

• Support CEO in ensuring that intercompany cost allocations are in line with management.

• Analyze financial discrepancies and recommend effective resolutions.

• Liaising with auditors.

2006 - 2017: Arabian Medical Marketing Company Ltd., SAUDI ARABIA Growth path:

Senior Accountant – (Account Payable & Receivable Manager): 2006 – 2009 ACCOUNTING MANAGER: 2009 – 2012

Credit & Finance Controller: Since 2012

Employment Duration: 10 years 10 months

Responsibilities:

As Credit & Finance Controller

• Spearheading the team of 7 employees carrying out the Accounting & Finance functions of Eastern Province Branch

• Efficiently controlling, accomplishing regional Credit Management objectives through regular visits to each region, developing collection targets, formulate monthly, quarterly & annual revenue goals, and collections plans for the achievement of these goals.

• Significantly incorporating collection plans and assuring timely follow up for recovery of pending revenue and remain updated on daily credit activities at the regions.

• Conducting monthly financial analysis of credit related activities including receivables, ageing analysis, revenue generation, collection & recovery, fixing area collection efforts to achieve targets, monitor violations of credit policies, provide analysis, conclusion, and recommendations, implement process improvements & promptly resolve resourcing issues.

• Manage cash application making sure all cash receipts are applied properly.

• Review the comparison report between sales and collection in retail business and report variance if any.

• Working closely with the corporate credit manager, regional credit managers, operations (in particular sales) across all three regions, customers as required in support of the regional credit managers, corporate treasurer and other senior HO managers, manage credit control function.

• Diligently formulating accounting reports, controlling regional expenses, improving systems efficiency, developing relationships with key clients to support growth.

• Developing customer invoice follow up systems, implementing processes to reduce client past due balances, monitoring supply inventory, supervising ARAMCO accounts, and improving regional collection throw by 80%, collecting over $170 million.

Accounting Manager

• Effectively imparted accurate & timely financial information to corporate leadership and recommending improvements to corporate accounting and finance management practices.

• Prepare periodic financial reports including balance sheets, income statements and cash flow statements for review by senior management.

• Ensuring all monthly, quarterly, and annual financial reports are submitted on a curate time.

• Responsible for all financial activities, preparing profit and loss statements report for each business unit and applying accounting principles and procedures.

• Ensure implementation of policies and procedures related to all functions and operations.

• Analysis the variance of budget and indicate the reasons behind it, and recommend any corrective action, and doing the required analyzing for Management.

• Perform project cost forecasts/budgets, cost tracking, monitoring and controls.

• Keep track of all revisions to IFRS and ensure compliance in areas of relevance/impact to company accounting practice.

• Significantly handling general ledger accounting system, Review Balance Sheet Reconciliation, Monitor Fixed Asset Accounting, formulating regular financial reports, carrying out daily accounting activities, supervising cash flow, preparing weekly forecasts, maintaining fixed asset records, auditing balance sheet reconciliation, overseeing inventory management and control functions, creating budgets, creating financial targets, submitting variance reports, supervising payroll and sales commissioning, streamlining bank reconciliation statement preparation, implementing collections plans, conducting employee performance reviews, delivering employee coaching, training and develop accountants skills.

• Monitor accounts payable to ensure accuracy, integrity, and compliance with internal policies for all payments being made to third party suppliers.

• Monitor accounts receivables by coordinating with other departments and ensure the validity, consistency, and completeness of the collections.

• Following up with other departments to apply company’s procedures to enhance the efficiency and effectiveness of work process, Ensure compliance of accounting activities with international and local accounting standards.

• Coordinate with external auditors to ensure that an annual audit is completed on time.

• Works with the Verification Unit Head in all matters related to Financial Accounting.

• Interfaces with Zakat/Tax for all matters related to tax.

• Ensure the maintenance of internal controls (e.g. Vendor payments, payroll, and bank funding movements) by reviewing controls on a regular basis to minimize financial risks and maintain all board members relations and communications.

• Supports the harmonization and standardization of all financial processes across the company's BUs/JVs to optimize the consolidation of financial statements and intergroup transactions Analysis of major expense items as part of the periodic financial reporting Maintains and updates the chart of accounts.

• Works with the Management Reporting & Centralizing Accounting Unit Head (if in the Head Office) or with the Delocalized Financial Officer if in a BU) in all matters related to Management Reporting.

• Tracks KPls for accounting activities, and devises plans and initiatives for improvement.

• Leads, directs, evaluates, and develops the company Accounting team to ensure that objectives are reached Is responsible for the development, performance appraisal and succession planning of all direct and indirect reports.

• Assists in developing detailed short- and long-term strategic plans by coordinating with relevant work units, based on current and future needs of the company products/services. Basic Chemical Industries, Saudi Arabia as Senior Accountant 1999 – 2006

Employment Duration: 6 years 5 months

Responsibilities:

• Remarkably executed accounting & finance functions, preparing financial statements and forecasts, creating budgets, maintaining petty cash, monitoring expense reports, reviewing monthly collections, auditing invoices, managing payroll and accounts payable, preparing tax payment schedules, and interpreting departments Arabic communications.

• Performs accounts reconciliations to ensure that all general ledgers are accurate and complete.

• Is accountable for the analysis of major expense items as part of the periodic financial reporting.

• Ensures all financial intergroup transactions related to shared services.

• Ensures a fair allocation of expenses across the different BUs/JVs/department/projects.

• Check Monthly Bank Reconciliation Statements of all bank accounts maintained; resolve any differences in a timely manner.

• Ensure General Ledger entries are accurate and are in line with Company Procedures & International Accounting Standards

• Liaise with & assist external auditors; implement recommendations if any; take corrective action wherever required.

• Manages AP. AR and GL Includes, Customer Vendor Relations, and disbursement group which handles all check disbursements.

ACCOMOPLISHMENTS ACROSS THE TENURE

• Developed a finance department and provided daily operation support.

• Assuring Monitors compliance with generally accepted accounting principles (GAAP) and company procedures

• Monitoring and guiding Regional Credit Managers (Three Regions) to achieve Company Objectives of Credit Control, Collections & Profitability .

• Improved the AP & AR status and reduced the DSO from 320 days in 2006 to 160 days.

• Evaluated projects feasibility studies.

• Shared in SAP implementation .

CERTIFICATIONS

• Certified for demonstrating the continued commitment required to achieve excellence &success for the last 10Years .

• Certified for contributing for the aims, objective & Operations of AMCO .

• Received Service Certificate, from Basic Chemical Industry Co.

• Merit of receiving Recommendation Letter from Regional Manager .

• Working Certificate from Assists Accountant Office / Ahmed M. Suliman – Chartered Accountant – ID Accountant & Auditors (22947). ACADEMIC CREDENTIALS

• Bachelor of Business Studies (Finance & Accounting), from Sudan University of Science and Technology, Sudan in 1997 .

• Diploma in Computer Science from University of Jazeera, Sudan in 2000 .

• Institute of Management Accountants Member in 2008 – IMA.

• Certified Training Diploma of CMA from American Board (USA) For innovative training and development leaders LLC.

• Certified Management Accountant from US Institute For training And Management (USI), The international institute in America.

• Certified Financial Modeling & Valuation Analyst (FMVA)® - Accounting Fundamental - Corporate Finance Institute® (CFI).

• Certified Financial Modeling & Valuation Analyst (FMVA)® - Reading & understanding Financial Statement - Corporate Finance Institute® (CFI).

• Certified for participation in Deloitte Training course on Business Ethics & Foreign Corrupt Practices Act .

• Attended over 10 Training Courses on Finance, IT, Logistics & Management Skills . IT PURVIEW

• Well Versed with:

o Databases: SAP Reporting System .

o Operating System: Windows 98 / 2000, ME, XP & 7 . o Office Application Packages: MS Office (Word, Excel, and PowerPoint) . PERSONAL DETAILS

Date of Birth: 25thApril, 1976

Languages Known: English & Arabic

Communication Address: Saudi Arabia

Contact Mohammed on LinkedIn: www.linkedin.com/in/mohammad-khalifa-hassan-45578934/ Indeed: https://my.indeed.com/p/mohammedh-y4obtjd

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