Islam Ghazala
Accounting Manager
Riyadh
Summary
Results-driven Accounting Manager with 18 years of experience in financial management, strategic planning, and team leadership. Seeking a challenging role in a dynamic organization where I can leverage my expertise to drive financial excellence and contribute to business growth.
Overview
20
20
years of professional experience
3
3
years of post-secondary education
6
6
Certifications
2
2
Languages
Work History
Financial Manager
: Russeell Alsharq For Operation & Maintenance
Al Qassim
01.2023 - Current
- -Led team of 10+ accountants, overseeing all aspects of financial operations.
- - Implemented efficient financial reporting and budgeting systems, resulting in 20% reduction in errors.
- - Developed and maintained internal controls, ensuring compliance with GAAP and regulatory requirements.
- - Collaborated with executive management to provide financial insights and support strategic decision-making.
- - Managed year-end audit process, resulting in clean audits.
- - Successfully reduced accounts receivable outstanding by 25% through proactive collection efforts.
- - Implemented cost-saving measures, saving company SR 250,000 annually.
Deputy CFO
Moahmed Ibrahim Al Subaei & Sons Charity Foundation - Ghoroos
Riyadh
01.2022 - 12.2022
- - Directed financial planning and analysis, including forecasting, budgeting, and variance analysis.
- - Streamlined financial reporting processes, reducing reporting time by 30%.
- - Implemented AX Dynamics ERP system, improving financial data accuracy and automation.
- - Managed team of 3 finance professionals, providing mentorship and professional development.
- - Reduced G&A expenses by 15% through cost-saving initiatives.
Accounting Manager
Alexandria Co. For Real Estate Development
Alexandria
06.2019 - 12.2021
- Oversee financial aspects of construction projects, including budgeting, forecasting, and cost tracking.
- Monitor project expenses, revenue, and profitability, ensuring projects stay within budget.
- Lead and manage team of accountants and financial analysts.
- Provide mentorship, training, and professional development to team members.
- Prepare and review financial statements, including income statements, balance sheets, and cash flow statements.
- Ensure accurate and timely financial reporting to stakeholders, including project managers and senior management.
- Ensure compliance with industry-specific accounting standards and regulations.
- Manage tax compliance, including VAT and payroll tax.
- Implement cost control measures to optimize project profitability.
- Identify areas for cost savings and efficiency improvements.
- Coordinate and manage external audits, ensuring compliance with audit requirements.
- Prepare audit schedules and respond to audit inquiries.
- Oversee use of financial software and systems, ensuring accurate record-keeping.
- Recommend and implement improvements to financial processes and systems.
- Manage vendor and subcontractor payment processes, ensuring timely and accurate payments.
- Monitor subcontractor compliance with financial agreements.
- Conduct financial analysis to identify trends, risks, and opportunities.
- Provide financial insights and recommendations to senior management.
Financial Controller
Al Blagha Holding Group
Riyadh
01.2015 - 12.2018
- Prepare and oversee preparation of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
- Ensure compliance with Generally Accepted Accounting Principles (GAAP) and relevant financial regulations.
- Lead annual budgeting process, collaborating with department heads to develop realistic budgets.
- Monitor financial performance against budgets and provide regular variance analysis reports.
- Prepare SWOT Analysis for SBUs
- Provide actionable insights and recommendations to senior management based on financial data.
- Establish and maintain effective internal controls and financial procedures to safeguard organization's assets.
- Monitor and manage organization's cash flow, ensuring adequate funds are available for operational needs.
- Implement cash flow forecasting to support financial planning.
- Coordinate and manage external audits, acting as primary point of contact for auditors.
- Oversee use of financial software and systems, ensuring accurate record-keeping and data integrity.
- Recommend and implement improvements to financial systems and processes.
Chief Accountant
Al Talalia Holding Co
Riyadh
01.2012 - 12.2014
- Reviewed business operations and obligations to help organization function at acceptable level.
- Reduced COGS and increased gross profit margin by 10% through suggestions dealing with alternative suppliers.
- Improve operating cash flow by 5% through establish strong relationships with suppliers and negotiate favorable credit terms.
- Define clear inventory policies, including reorder points, safety stock levels, and lead times.
- Establish guidelines for inventory turnover rates, carrying costs, and acceptable levels of stock outs.
- Reduced AR aging period by enhance the collection process.
Banking & Credit Supervisor
Thabat For Real Estate Development Co.
Riyadh
08.2008 - 12.2011
- -Main point of contact with Riyadh Bank and SAAB.
- -Monitor and Manage Company's Bank Current and saving Accounts.
- -Monitor and Manage Company's Time Deposits.
- -Responsible for posting Department Transactions related to Current Accounts,
- -Cash Management.
- -Reconcile Banking Statements.
- -Participate in finalizing employee finance agreement with Riyadh Bank
- -Participate in finalizing Customer finance agreement with Riyadh Bank.
- -Managing project guarantee account as per SIMHA regulations with Riyadh Bank.
- -Participate in finalizing customer finance agreement with AMLAK Co.
Accountant - Senior Accountant
Alexandria Co. For Constructions ( Member Of TMG).
Alexandria
09.2003 - 08.2008
- -Key point of contact with parent Management.
- -Prepare Detailed Monthly Revenue Report as per project.
- -Prepare Monthly gross profit report using percentage of completion Method.
- -Prepare Monthly AR Aging report.
- - participate in physical count of FA and inventory .
- -GL Bookkeeping
Education
Bachelor of Commerce - Accounting
Alexandria University
Alexandria - Egypt 09.1998 - 06.2001
Skills
Financial Analysis
Budgeting and Forecasting
Team Leadership
Internal Controls
Strategic Planning
ERP Systems (Oracle-SAP -AX Dynamics)
Tax Compliance
GAAP and IFRS
Costing
Certification
COSO Enterprise Risk Management Essential to Organizational Success
Timeline
Financial Manager
: Russeell Alsharq For Operation & Maintenance
01.2023 - Current
Deputy CFO
Moahmed Ibrahim Al Subaei & Sons Charity Foundation - Ghoroos
01.2022 - 12.2022
Accounting Manager
Alexandria Co. For Real Estate Development
06.2019 - 12.2021
Financial Controller
Al Blagha Holding Group
01.2015 - 12.2018
Chief Accountant
Al Talalia Holding Co
01.2012 - 12.2014
Banking & Credit Supervisor
Thabat For Real Estate Development Co.
08.2008 - 12.2011
Accountant - Senior Accountant
Alexandria Co. For Constructions ( Member Of TMG).
09.2003 - 08.2008
Bachelor of Commerce - Accounting
Alexandria University
09.1998 - 06.2001