DARWISH MAHMOUD HOUSEH
Riyadh
Summary
Business-minded Finance Manager promoting more than 18 years of expertise overseeing transactions and reconciling monthly financial reports. Highly collaborative individual with track record of effectively training and coaching staff members. Offering confidence, team contribution and decision making skills.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Finance Manager
Sustainable Technology
11.2020 - Current
- Establish relationships with major Saudi banks, resulting in successful facility openings and effective management of existing facilities
- Achieved a 200% increase in liquidity through optimized cash flow and securing necessary financial resources
- Track cash flow for current and future periods, analyzing historical data and projected spending to develop comprehensive liquidity and cash management plans
- Improved cash flow by 100% and reduced reliance on external financing
- Develop and assess financial strategies and performance, aligning them with annual budgets and long-term goals
- Implemented cost-saving initiatives to drive financial efficiency
- Evaluate the existing systems, processes, and contract relationships to identify opportunities for cost-effectiveness and efficiency
- Implemented improvements that resulted in a 20% increase in ROI and streamlined operations, optimizing resources, and enhancing overall effectiveness
- Implement robust internal controls and company policies to reduce audit findings, providing reliable and accurate historical information for management decision-making
- Directly oversee all accounting activities, ensuring accurate registration of financial transactions in accordance with international accounting standards
- Led the development of comprehensive budgets, financial reports, and models that provided the board of directors with actionable insights for informed program strategy and resource allocation decisions
- Conduct reviews of internal systems, controls, processes, and procedures to ensure the integrity, accuracy, compliance, and usefulness of financial information and reporting
- Implemented necessary enhancements to maintain high standards
- Prepare detailed monthly and quarterly management reports, including key financial metrics, variance analysis, and actionable insights
- These reports facilitated data-driven strategic planning and improved transparency across departments
- The information provided supported executive decision-making processes.
Finance Manager
Al Guthmi Group
08.2010 - 01.2020
- Provide detailed monthly financial reports, including income statements, balance sheets, and cash flow statements, to the managerial staff, enabling informed decision-making on budget allocations and resource planning
- Monitor and manage day-to-day financial operations, including accounts receivable/payable, payroll processing, and expense tracking, ensuring compliance with financial regulations and optimizing cash flow management
- Analyze costs, pricing strategies, and variable contributions, resulting in a 10% reduction in production costs and a 15% increase in profit margins
- Conduct regular analysis of sales results and compare them to business plans, enabling data-driven adjustments to marketing strategies and revenue forecasts
- Prepare comprehensive financial reports for management, highlighting key financial trends, risks, and opportunities
- Provide strategic advice on the impact of market dynamics and potential risks on future business decisions, facilitating proactive decision making and risk mitigation strategies
- Identify and evaluate cost-reduction opportunities across departments, resulting in the implementation of streamlined processes and strategic vendor negotiations, leading to a 15% reduction in operational expenses within six months
- Provide strategic leadership to the finance department, setting ambitious goals and objectives aligned with the company's financial growth targets
- Monitor and forecast cash flow for the upcoming period through a comprehensive analysis of historical data and future spending projections
- Foster effective communication and collaboration with cross-functional teams, engaging in regular discussions to align company plans, identify synergies, and agree on strategic initiatives.
Senior Auditor
ERNST & YOUNG
06.2005 - 01.2010
- Audited for multinational enterprises, publicly traded conglomerates, Healthcare, groups, and overseas operations
- Demonstrated a thorough understanding of complex accounting and auditing concepts and applied them to client situations
- Collaborated to plan engagement objectives and an audit strategy that complies with professional standards and appropriately addresses the risk
- Directed fieldwork, managed engagement economics, and informed supervisors of the audit engagement status
- Monitored the engagement team's progress against the plan and altered it when needed
- Developed and maintained productive working relationships with audit client personnel to assess audit clients' satisfaction and proactively maintain contact with the audit client throughout the year
- Supervised junior engagement team members and developed them through effectively delegating audit tasks and providing guidance to assurance staff
- Assignments included manufacturing, contracting, construction, food processing, trading, hospital management, catering, pharmaceuticals, retail business, telecommunications, and other types of industries.
Education
BA - Accounting
Yarmouk University
2005
Skills
- Performance Analysis
- Strategic Planning
- Financial Modeling
- Business Forecasting
- Financial Budgeting
- Financial Analysis
- Cash Flow Management
- Consolidation Accounting
Certification
- Financial Modelling & Valuation Analyst (FMVA)®
- Certificate in International Financial Reporting (Cert IFR)
- Certified Management Accountant CMA, 2024 – (Under process)
Languages
Timeline
Finance Manager
Sustainable Technology
11.2020 - Current
Finance Manager
Al Guthmi Group
08.2010 - 01.2020
Senior Auditor
ERNST & YOUNG
06.2005 - 01.2010
BA - Accounting
Yarmouk University
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