Abdelaziz Shouman
Chief Financial Officer
Al Masif
Summary
Dedicated Chief Financial Officer familiar with financial decision making and company-wide policy development. Talent for overcoming operational issues and driving proactive improvements. Offering 30 years' experience in financial leadership.
Overview
32
32
years of professional experience
5
5
Certificates
4
4
years of post-secondary education
Work History
Chief Financial Officer
Murouj International Pastry Company
Riyadh, Riyadh Region
2 2024 - 08.2024
- Streamlined financial processes by implementing new accounting software and automation techniques.
- Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
- Negotiated favorable credit terms with banks for increased borrowing capacity and reduced interest expenses.
- Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Oversaw budgets, payroll, and accounts payable and receivable.
- Implemented tax planning strategies that minimized liabilities while ensuring full compliance with local, state, and federal laws.
- Developed strategic financial plans to support company growth and achieve long-term objectives.
- Collaborated with executive leadership to establish budgetary guidelines and allocate resources efficiently across organization.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Led recruitment and development of strategic alliances to maximize utilization of existing talent and capabilities.
Audit Manager Accounting Office
Cairo
12.2019 - 04.2024
- Facilitated internal audits and prepared detailed reports on findings
- Improved client relations by maintaining open lines of communication and addressing concerns promptly
- Managed team of auditors, ensuring accurate and timely completion of audit projects
- Provided valuable insights to senior management on potential business risks identified during audits
- Implemented risk-based auditing strategies, resulting in better identification of potential issues
- Analyzed complex client problems and generated targeted solutions that resolved outstanding issues while enhancing client business positions
Chef Financial Officer
D&B group
Istanbul, Turkey
10.2014 - 11.2019
- • Created, maintained and updated financial databases and spreadsheets to generate various financial reports
- • Consulted with leadership concerning financial operations to provide suggestions for improvement
- • Applied forecasting techniques to evaluate performance against budget submissions
- • Created financial policies and procedures manual for use by all departments within the organization
- • Coordinated with tax advisors regarding preparation of quarterly estimated payments and income tax filings
- • Implemented processes to ensure compliance with accounting standards and regulatory requirements
- • Established strong relationships with external stakeholders such as banks, investors, vendors
- • Analyzed data to perform financial trend and projection analysis
- • Analyzed business operations to identify areas of cost savings and increased efficiency
- • Prepared financial and regulatory reports required by laws, regulations and boards of directors
- • Established and maintained relationships with individual and business customers and provided assistance with problems these customers may encounter
- • Analyzed and classified risks and investments to determine potential impacts on companies.
Assistant Chief Financial Officer
STMECO. group
Cairo, Egypt
03.2013 - 09.2014
- Recommended improvements to existing financial systems and processes
- Maintained relationships with external customers and vendors regarding billing inquiries and payment status updates
- Managed the preparation of financial statements, ensuring accuracy and compliance with Generally Accepted Accounting Principles
- Created monthly reports to analyze business performance against budget objectives
- Assisted in developing annual budgets for review by executive management team
- Coordinated annual audits with external auditors to ensure timely completion of year-end closing process
- Established effective working relationships across all departments within the organization
- Designed forecasting models to accurately predict future cash flow needs for strategic planning purposes
- Reviewed reconciliations prepared by staff members, including bank accounts, credit cards, loans, investments and other balance sheet items
- Analyzed financial information to recommend or develop efficient use of resources and procedures.
Audit Manager Accounting Office
Cairo
Cairo, Egypt
05.2009 - 02.2013
- All accounting office work as external audit manager and consultant for all kind of companies-auditing, planning, accounting system, tax, governmental requirements.
Chief Financial Officer
Spanish Egyptian Cement Co.
Port Saied, Egypt
07.2007 - 04.2009
- Consulted with leadership concerning financial operations to provide suggestions for improvement
- Created financial policies and procedures manual for use by all departments within organization
- Assisted in preparing documents related to mergers and acquisitions due diligence activities
- Performed data gathering, budget and financial analysis, and trend analysis to drive financial operations
- Implemented processes to ensure compliance with accounting standards and regulatory requirements
- Established strong relationships with external stakeholders such as banks, investors, vendors
- Prepared financial and regulatory reports required by laws, regulations and boards of directors
- Established and maintained relationships with individual and business customers and provided assistance with problems these customers may encounter
- Communicated with stockholders and other investors to provide information and to raise capital.
Senior Audit Manager
Eltwiggry accounting office
Riyadh, KSA
07.2005 - 10.2006
- Provided guidance on best practices for internal auditing procedures
- Conducted detailed examinations of internal controls for accuracy and efficiency
- Ensured that all audit activities are completed in accordance with professional standards and applicable laws and regulations
- Developed training materials for junior staff members on proper auditing techniques
- Maintained up-to-date knowledge of Generally Accepted Accounting Principles and International Financial Reporting Standards
- Partnered with external auditors during annual audits ensuring accuracy of results reported
- Prepared detailed reports on audit findings
- Supervised auditing of establishments and determined scope of investigation required.
Audit Manager Accounting Office
Cairo
Cairo, Egypt
01.2000 - 06.2005
- Accounting office work as external audit manager and consultant for all kind of companies-auditing, planning, accounting system- in Egypt and other countries (UAE - Cyprus - KSA)
Internal Audit Manager
Nab contract (Engineers& Contractors
06.1998 - 12.1999
- Ensured compliance with applicable laws and regulations through effective auditing techniques
- Facilitated cross-functional teams to develop solutions for complex problems
- Provided guidance on best practices for developing policies and procedures that meet regulatory requirements
- Collaborated closely with external auditors during annual audits to ensure accuracy of financial records
- Reviewed documents such as contracts, leases, invoices, purchase orders to verify accuracy
- Managed relationships with external stakeholders including regulators and vendors
- Analyzed financial statements, operations, and internal controls to identify areas of risk or non-compliance
- Reported asset utilization and audit results to management, recommending changes in operations and financial activities.
- Identified legal tax savings and recommended ways to improve profits
- Trained new employees on accounting principles and company procedures
Internal Auditor
Shoora Corporation
03.1997 - 05.1998
- Audited variety of internal documents, procedures and reports using standard protocols
- Coordinated efforts between Internal Audit department and other areas within organization when needed
- Worked closely with management teams across multiple departments to evaluate current processes against best practices
- Created audit work papers documenting scope, objectives, methodology used, tests performed, results obtained, observations noted, and any other relevant information related to audit process
- Ensured that all necessary documents were properly filed according to company policy
- Reviewed contractors' compliance with contracts and other regulatory requirements
- Prepared complete data analyses, audit reports and audit work papers for internal review
- Conducted regular internal audits on financial statements, operational activities, and compliance with applicable laws and regulations
- Prepared detailed reports on audit findings
- Examined whether organization's objectives were reflected in its management activities and whether employees understand objectives.
Certified ACC. & Auditor
accounting office
09.1992 - 02.1997
- Three years of working in accounting office
- Registration in register of accountants and auditors Ministry of Finance in Egypt to be certified accountant with stamp number (13004) according that have trained to do all external audit responsibilities for auditing companies according to plane of manager with office team.
Education
Good - Accounting
Faculty Off Commerce
Cairo Unveracity 09.1988 - 05.1992
Skills
Certified accountant & Auditor
Financial Modeling and Planning
Financial reporting and analysis
Workflow Coordination
Customer relationship development
Profitability analysis
Risk Mitigation
Financial Information Systems
Working capital management
Financial Policy Development
IFRS Knowledge
Cash Flow Management
Budgeting and financial management
Quantitative and qualitative analysis
Certification
Certified accountant number 13004 Egypt 1997.
Languages
Arabic
English
Turkish
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Audit Manager Accounting Office
Cairo
12.2019 - 04.2024
Chef Financial Officer
D&B group
10.2014 - 11.2019
Assistant Chief Financial Officer
STMECO. group
03.2013 - 09.2014
Audit Manager Accounting Office
Cairo
05.2009 - 02.2013
Chief Financial Officer
Spanish Egyptian Cement Co.
07.2007 - 04.2009
Senior Audit Manager
Eltwiggry accounting office
07.2005 - 10.2006
Audit Manager Accounting Office
Cairo
01.2000 - 06.2005
Internal Audit Manager
Nab contract (Engineers& Contractors
06.1998 - 12.1999
Internal Auditor
Shoora Corporation
03.1997 - 05.1998
Certified ACC. & Auditor
accounting office
09.1992 - 02.1997
Good - Accounting
Faculty Off Commerce
09.1988 - 05.1992
Chief Financial Officer
Murouj International Pastry Company
2 2024 - 08.2024
Software
ERP
Work Preference
Work Type
Full TimePart TimeContract WorkLocation Preference
On-SiteImportant To Me
Career advancementWork-life balanceCompany CulturePersonal development programsHealthcare benefitsQuote
Judge a man by his questions rather than his answers.
Voltaire
Interests
Financial Modeling and Planning