Hassan Mugharbel
Riyadh,Saudi Arabia
Summary
With a strong academic foundation in finance and extensive professional experience, I specialize in budget management, financial planning, analysis, and client relationship management. Holding a bachelor's degree in finance from the University of Business and Technology, Jeddah, I have built a dynamic career delivering measurable results in optimizing resources, driving efficiency, and fostering client satisfaction. My expertise spans financial operations, strategic decision-making, and building trusted client partnerships to achieve organizational goals.
Overview
1
1
Certification
7
7
years of professional experience
Work history
Budgeting & Planning Manager
Jockey Club of Saudi Arabia
Riyadh
2025.02 - Current
- Lead the annual budgeting process by developing the organization's budget in alignment with the Board-approved strategic objectives.
- Conduct budgeting workshops with business units and stakeholders to assess operational requirements, optimize costs, and ensure efficient resource allocation.
- Lead monthly forecasting sessions to monitor budget performance, identify upcoming projects, assess financial risks, and recommend mitigation plans.
- Prepare and present quarterly budget performance and financial reports to executive management and the Board of Directors.
- Review and validate revenue contracts before execution, ensuring payment terms are financially sound, services are deliverable, and revenue recognition complies with organizational policies.
- Establish revenue targets for business units and monitor monthly collections against forecasts, identifying revenue opportunities and updating financial projections throughout the year.
- Collaborate with the Ministry of Finance to prepare and justify annual budget submissions, funding requirements, and revenue forecasts.
- Develop and manage cash flow forecasts to maintain adequate liquidity, prevent cash deficits, and ensure uninterrupted operational activities.
- Lead the end-to-end implementation of the ERP system, from business requirements gathering and system design through go-live and post-implementation support, ensuring full integration across Finance, Budgeting, Reporting, and Procurement functions.
- Strengthen financial governance by implementing budget controls, improving reporting processes, and enhancing cross-functional coordination between Finance, Procurement, and operational departments.
Budget Control Manager
Blink Experience
Riyadh, Saudi Arabia
2023.09 - Current
- Prepare variance reports to analyze planning financials with the actuals financials.
- Create strategies to optimize organizational budgets and spending
- Prepare P&L reporting for each project.
- Assist in the preparation of annual budgets and forecasts.
- Track and report on budget performance , identifying deviations and and corrective actions.
- Prepare cost reports and financial statements for management review.
- Conduct Financial detailed financial analysis to support decision making process.
- Perform cost benefit analysis on on proposed project and initiative.
- Maintain & control accurate and up to date cost control records and documentation.
- Ensure compliance with financial regulation and internal polices.
Budget Control Specialist
Sela Co (PIF)
Jeddah, Saudi Arabia
2021.05 - 2023.09
- Managing projects to stay within allocated budgets
- Budget forecasts for CAPEX & OPEX
- Overseas financial transactions and reporting
- Support internal auditors to fulfill the requirements
- Assist in Prepare feasibility studies for upcoming projects
- Prepare variance reports to analyze planning financials with the actuals financials
- Create strategies to optimize budgets and spending
- Assist in the Implementation ERP to enhance budget control effectiveness
- Monitor & Control corporate and project budget.
- Ensure compliance with financial regulation and internal polices.
Accounts Payable
Initial Saudi Group (ISG)
Jeddah, Saudi Arabia
2020.03 - 2021.05
- Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements.
- Reconciling processed work by verifying entries and comparing system reports to balances Maintaining historical records.
- Paying employees by verifying expense reports and preparing pay checks.
- Paying vendors by scheduling pay checks and ensuring payment is received for outstanding credit generally.
- Responding to all vendor enquiries regarding finance.
- Preparing analyses of accounts and producing monthly reports Continuing to improve the payment process.
Accounts Receivable
Initial Saudi Group (ISG)
Jeddah, Saudi Arabia
2019.09 - 2020.03
- Maintaining the billing system.
- Generating invoices and account statements Performing account reconciliations.
- Maintaining accounts receivable files and records.
- Producing monthly financial and management reports Investigating and resolving any irregularities or enquiries.
- Assisting in general financial management and analysis.
Education
Bachelor of Science - Finance
University Of Business and Technology
JeddahSkills
- Budget management and control
- Financial planning and forecasting
- Financial analysis and reporting
- Cost optimization and resource allocation
- Strategic decision-making
Certification
- Bloomberg Market Concept (BMC) ID: 161165498649N
- Professional Certificate Program (PCP) Financial Planning, Budgeting and Control ID: 202110215
Languages
Arabic
Native
English
Fluent
Timeline
Budgeting & Planning Manager
Jockey Club of Saudi Arabia
2025.02 - Current
Budget Control Manager
Blink Experience
2023.09 - Current
Budget Control Specialist
Sela Co (PIF)
2021.05 - 2023.09
Accounts Payable
Initial Saudi Group (ISG)
2020.03 - 2021.05
Accounts Receivable
Initial Saudi Group (ISG)
2019.09 - 2020.03
Bachelor of Science - Finance
University Of Business and Technology