Ali Jahafar

(Ajlan & Bros holding is one of the leading investment holding company conglomerates in the Middle East region working in more than 25 countries and across 75 companies. Diversification investment among sectors including Energy, Education, Beverage, Healthcare, Food, Entertainment, Hospitality, Financial Services, Minerals and Mining, Infrastructure and Logistics.)

• Liaised with budget holders to evaluate financial performance and offer financial management data, analysis, and advice.
• Enhanced financial reporting accuracy by streamlining data collection and analysis processes.
• Managing and overseeing financial operations for a portfolio of 12+ companies under the holding group and joint ventures.
• Mentored junior finance team members, fostering a culture of continuous learning and professional development within the organization.
• Streamlined month-end close procedures by implementing automation tools and optimizing reconciliation processes.
• Prepared monthly financial statements and variance analysis reports in SAP & Oracle for management review.
• Championed the adoption of new accounting systems that increased efficiency in financial operations while maintaining rigorous data integrity standards.
• Developed strategic plans for day-to-day financial operations.
• Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
• Improved overall financial reporting by streamlining control processes and reporting structures.
• Played a pivotal role in facilitating successful External Annual audits by maintaining accurate records, providing timely documentation, and addressing auditor inquiries promptly.

• Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
• Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
• Reconciled balance sheets and streamlined best practices for balance sheet processes.
• Analyzed financial statement discrepancies, identifying issues, and recommending corrective actions to prevent future occurrences.
• Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
• Optimized month-end closing procedures by streamlining workflow processes, reducing time taken from 10 days to 5 days without compromising accuracy or detail level achieved.
• Coordinated with various departments to gather financial data, ensuring accurate representation of each business unit''s performance.
• Prepared detailed financial statements for quarterly board meetings, providing clear insights into financial health.
• Streamlined accounts payable processes, reducing payment cycle times by automating invoice processing.
• Conducted monthly reconciliations for all bank accounts to ensure financial integrity.
• Collected and reported monthly expense variances and explanations.
• Prepared and submitted VAT & WHT Tax on monthly and Quarterly basis.

(SAWAEED for business services is the first and foremost in operating the most important employment support programs under the umbrella of The Human Resources Fund-HADAF)

• Handled day-to-day accounting processes to drive financial accuracy.
• Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
• Gathered financial information, prepared documents, and closed books.
• Reconciled accounts and reviewed expense data, net worth, and assets.
• Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.

(Accenture plc is a global multinational professional services company, that specializes in information technology (IT) services and management consulting.)

• MDM (Master Data Management).
• Assist Account payable manager in month end closing.
• Assist Account payable manager in month end closing.
• Supervise and monitors accounts to ensure up to date payments.
• Validating of Internal and External Invoices.
• Act as mediator between project management team and billing team.
• Validate invoices before it goes to client.
• Follow up with the invoice payments.
• Research on the pending invoices and have it reported to billing manager.
• Research and resolve the invoice disputes.

• Maintained integrity of general ledger, including the chart of accounts.
• Statutory Audit.
• Tax Audit.