BAKR MAHDI
Riyadh,Saudi Arabia
Summary
Financial accounting expert with 17+ years in payroll management, project accounting, and financial reporting. Proven track record in implementing payroll systems, conducting financial forecasting, and preparing compliance reports for leading organizations in Saudi Arabia. Expertise in payroll processing, Financial Modeling, and budgeting. Successfully led teams, managed projects, ensured regulatory compliance, and enhanced operational efficiency.
Overview
19
19
years of professional experience
1
1
Certification
Work history
Finance Manager - Cost Base
BAE SYSTEMS SAUDI ARABIA
Riyadh
2023.01 - 2026.04
- Manage high volume of budget (£+92m).
- Coordinated with project teams for efficient cost management.
- Spearheaded implementation of new software tools for easier cost tracking and manipulation.
- Managed cost control function for increased financial efficiency.
- Reviewed financial data with focusing on identifying potential savings.
- Achieved improved financial control through rigorous auditing procedures.
- Assisted in strategic planning by providing detailed cost projections and forecasts.
- Implemented budgeting strategies to improve cost management.
- Optimised expenditure tracking systems to facilitate accurate budget monitoring.
- Instituted robust financial controls, improving overall business performance.
- Analysed complex financial data, leading to identification of key areas for improvement in spending habits.
- Ensured timely and accurate invoicing whilst managing supplier payments efficiently.
- Developed forecasting methodologies for better resource allocation.
Senior Project Accountant
BAE SYSTEMS SAUDI ARABIA
2019.12 - 2022.12
- Monitored project costs, managed cash flow, and approved invoices for payment.
- Designed and managed project accounting systems and assessed project profitability.
- Eliminated discrepancies by reviewing budgets and preventing overspending.
- Prepared reports related to project overhead estimates in alignment with budgets.
- Provided actuals, forecasts, and budget data to management and IT departments.
Payroll Team Leader
BAE SYSTEMS SAUDI ARABIA
2016.03 - 2019.03
- Managed monthly payroll activities for BAE Systems and other affiliated companies in Saudi Arabia.
- Handled statutory and legislator reporting and processed payroll via SAP.
- Led team of 4 employees and ensured timely payroll delivery.
- Managed payroll for over 6 companies using SAP.
- Supported internal and external audits related to payroll and GOSI issues.
- Coordinated daily tasks, ensuring smooth workflow within team.
- Implemented new working methods which improved overall efficiency of team operations.
Payroll Accountant
King Fahad Medical City, King Abdullah Medical
2008.01 - 2016.03
- Prepared monthly salary sheets and processed employee entitlements such as overtime and allowances.
- Managed bank transactions and verified employee accounts for payroll accuracy.
- Ensured GOSI compliance for Saudi employees.
- Handled end-of-service benefits and HRBase system tasks.
- Processed and verified invoices and requisitions, organized supplier accounts.
Payable Accountant
Schlumberger Saudi Arabia
2007.04 - 2008.03
- Verified invoices and requisitions for goods and services, ensuring compliance with financial policies.
- Organized local and foreign purchase orders, reconciled supplier accounts.
- Addressed invoice discrepancies and distributed costs across departments.
- Processed payroll for employees and contractors.
Education
Bachelor of Science - Human Resources Management
King Abdulaziz University
Jeddah, Saudi ArabiaAssociate of Science - Accounting & Financial Management
Yanbu Industrial College
Yanbu, Saudi ArabiaSkills
- Financial reporting analysis
- Balance sheet review
- SAP software expertise
- Leadership engagement
- Account reconciliation
- Budget oversight
- Financial Forecasting
- Financial data analysis
- Cost Accounting
Certification
- Professional Skills Programme – Inlingua Cheltenham School, UK | January 2016
- How to Build Rewards – ihr Community | May 2017
- Managing Change | May 2018
Languages
Arabic | Native
English | Fluent
Timeline
Finance Manager - Cost Base
BAE SYSTEMS SAUDI ARABIA
2023.01 - 2026.04
Senior Project Accountant
BAE SYSTEMS SAUDI ARABIA
2019.12 - 2022.12
Payroll Team Leader
BAE SYSTEMS SAUDI ARABIA
2016.03 - 2019.03
Payroll Accountant
King Fahad Medical City, King Abdullah Medical
2008.01 - 2016.03
Payable Accountant
Schlumberger Saudi Arabia
2007.04 - 2008.03
Associate of Science - Accounting & Financial Management
Yanbu Industrial College
Bachelor of Science - Human Resources Management
King Abdulaziz University