Financial Management Budgeting and Forecasting Cash Flow Management Financial Analysis Cost Management CFO / Finance Director / Manager
Accomplished Finance Director with over 18 years
of expertise in financial management, planning and
analysis, financial and management accounting,
cost accounting and control, budgeting, auditing,
and ERP system integration. Strong work
experience in firms of different sizes and sectors
like real estate development, investment, contracting, trading, manufacturing, retail, audit, and financial consulting firms. A lecturer at international institutes and a financial advisor to many companies contributed to establishing start-up companies. Expert in driving financial excellence through strategic foresight, robust analysis, and team collaboration while upholding the highest standards of integrity and innovation. Proven ability to optimize financial processes and enhance operational efficiency, company profitability, and overall success. SKILLS
ACHIEVEMENTS
Financial Governance Regulatory Compliance
Created and improved financial policies, processes, and internal controls, increasing financial integrity and accuracy by 30% and ensuring regulatory compliance and financial governance.
Budget Accuracy Strategic Planning
Led the development and implementation of detailed budget models across departments, enhancing budget accuracy by 30% and supporting strategic decision-making with timely financial analysis. Financial Reporting ERP Implementation
Optimized the financial reporting process by implementing advanced ERP systems and automating data collection, resulting in a 200% increase in report generation, a 50% reduction in preparation time. Forecast Modeling Predictive Analytics
Overhauled the company’s financial forecasting model by integrating predictive analytics, resulting in a 25% increase in forecast accuracy and improved revenue predictions.
WORK EXPERIENCE
Finance Director
FTG Development
(03/2022 – Present) Saudi Arabia
Generate precise financial reports that aid strategic decision-making, ensuring these documents reflect an accurate and timely depiction of the company's fiscal health and operational performance. Spearheaded the development and implementation of robust financial policies and protocols, tailoring procedures to enhance the operational efficiency and accountability of the company. Oversee the design and maintenance of comprehensive documentary cycles, streamlining processes to ensure maximum effectiveness and stringent control tailored to our strategic objectives. Develop and optimize the company’s internal control systems to guarantee their effectiveness, conducting periodic reviews to optimize authority delegation and functional authority segregation for improved governance. Conduct in-depthfinancial analyses for periodic statements, identifying trends and providing strategic recommendations to enhancefinancial performance and resource allocation. Business modeled new investments, projects, and opportunities, studied their feasibility, budget, profitability, and overall impact on the company, closely monitored their implementation, analyzed deviations, and addressed them to return to the master plan. Lead the plan, preparation, and submission of corporate income tax, VAT, and regulatory filings, keeping abreast of legislative changes to ensure full compliance while optimizing the company's financialposition. Maintain rigorous adherence to industry standards and internal guidelines across all financial transactions, ensuring accurate alignment with established accounting principles and fostering transparent reporting mechanisms. Auditing Zakat & Tax Reporting Tax Management Budget Control Feasibility Studying Financial Strategy Financial Reporting Compliance Management F. Policies & Regulations Credit Management Treasury Management Internal Controlling Cost Controlling Financial Modeling Strategic Planning ERP Systems Risk Management Ayman Farouk Eldakrouri
Egyptian, Male,
DOB: 17 DEC 1986
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Riyadh, KSA
https://www.linkedin.com/
in/aymanfaroukeldakrouri
Investment Planning
Team Leadership
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WORK EXPERIENCE
Finance and Accounting Manager
Guarantee Business Contracting Company
(04/2020 - 02/2022) Saudi Arabia
Produced and disseminated detailed monthly, quarterly, and annual financial reports, furnishing critical insights and actionable recommendations to steer cost and liquidity management practices and uphold fiscaldiscipline within the company. Spearheaded the process of cost identification, routinely generated standard costs, actual costs, and variance analysis reports, and furnished comprehensive cost analysis insights along with strategic recommendations for cost controlling. Developed and refined a robust cost control system by integrating advanced techniques for cost management, tailoring these systems to align seamlessly with ongoing business activities, and boosting efficiency in cost control and resource allocation. Led a thorough overhaul of the accounting framework, meticulously segregating expenditures to enhance cost tracking and precise allocation across various projects, products, and operational facets, reinforcing financial clarity. Developed a strategic budget for the company for five years and an annual budget after training the company’s management and its departments to participate in its preparation, monitored its actual results, and analyzed and addressed variations, which supported the process of forecasting the future of the company’s projects and the company’s performance. Developed a KPI system to improve the efficiency of all the activities and performance of the company and its operations, highlighting the strengths and weaknesses of the company's accurate SWAT analysis. PREVIOUS WORK EXPERIENCE
Accounting Manager and Cost Controller
Thermal Pipes Factory TPF.
(02/2019 - 03/2020) Saudi Arabia
Payables Accountant
Alkhorayef Water & Power Technologies.
(12/2014 - 09/2017) Saudi Arabia
Auditor
A. Al-Desouky Professional Chartered Accountants.
(11/2009 - 07/2012) Egypt
Sr. Accounts Receivable Accountant
TMH International Group.
(10/2017 - 01/2019) Saudi Arabia
Accountant
GW Travel Agency.
(08/2012 - 11/2014) Egypt
Accountant
Pure Computer & Technologies Company. .
(08/2007 - 10/2009) Egypt
EDUCATION
Bachelor of Commerce, Accounting
Mansoura University
(2003 – 2007) Egypt
CERTIFCATIONS
ACCA - Association of Chartered Certified Accountants Membership Number: 3932791
SOCPA - Saudi Organization for Chartered and
Professional Accountants
Membership Number: 41978
CMA - Institute of Management Accountants IMA
Membership Number: 1154987
IPA - Institution of Professional Accountants
Oracle Financials R12 Implementer - New Horizon ICDL - ECDL Foundation TECHNICAL SKILLS
ERP Systems Oracle, SAP, Odoo, Microsoft Dynamics, QuickBooks, Peachtree, and many other ERP systems. Client Software Advanced user of MS Excel, Outlook, PowerPoint, Word, Access, Publisher, Project, Visio, and similar applications. LANGUAGES
Arabic
Native or Bilingual Proficiency
English
Full Professional Proficiency