Islam Mahmoud
Jeddah
Summary
A highly motivated and driven Finance Manager with 14 years' experience in top-level business environments. Confident, Extensive experience in Finance. A broad knowledge of a wide range of financial practices, including, Financial Reporting, Financial Analysis, Project Financial & accounting, budget handling and forecasting, Financial Modeling & Valuation, Financial Visualization, cash management, Feasibility studies, IFRS & Tax, an excellent communicator with a can-do approach to problem solving and resolution, extremely meticulous with an eye for detail and positive outlook in often complex financial landscapes.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Finance Manager
Archirodon Group N.V.
02.2022 - Current
- Oversee and manage the general accounting functions, including, but not limited to accounts payable, accounts receivable, general ledger, and taxes and ensuring that all major projects, month-end, and year-end reports are completed accurately and on time
- Oversees the production of periodic financial reports; ensures that the reported results comply with financial reporting standards
- Responsible for tax planning throughout the fiscal year, monitor the tax filing and liaise with tax consultants (This is including but not limited to VAT, withholding tax, Transfer pricing, Income tax & Zakat computations and filing, obtaining Zakat certificate, keeping deadlines, and avoiding penalties, etc.)
- Ensuring compliance with all statutory accounting; external & internal audit and tax compliance
- Work with external auditors to ensure correct and timely closing and reporting at year-end
- Develop and manage regular, annual, and multi-year budgets that are adequate for the company’s needs including preparation of periodic budget forecasts
- Develop comparison report budget vs actual and oversees any necessary adjustments to future projections and budgets
- Works with other department heads to monitor each department and make recommendations to increasing budget efficiency
- Manage and monitor metrics, KPI tracking, reports and drive the continuous improvement of end-to-end accounting practices
- Participates in the execution of changes to procedures, policies, and systems to facilitate expansion, compliance, and scaling of the business
- Evaluating, developing, and improving department controls, systems, and procedures that increase accuracy and efficiency
- Assisting other departments as they develop strategies, establish objectives, and make decisions that could have a financial impact on the business
- Tracking and managing cash flow and financial planning
- Represent company to banks, financial partners, institutions, investors, public auditors, and officials
- Hiring, training, and motivating accounting staff members while supervising and delegating department tasks
- Handling maximization of in-country development % required for competitive bidding in KSA (e.g., IKTVA, Local content) & manage the related audits.
Finance Manager
Horizon Geosciences Group, Royal Boskalis Westminster N.V
07.2018 - 01.2022
- Leading Financial & accounting functions, and responsible for bilingual bookkeeping and timely Monthly and annual production of accurate management and statutory accounts in SAR & USD in compliance with accounting standards and local regulations
- Monitoring the company's cash flow
- Oversaw all financial operations company-wide, including budgets, payroll, intercompany transactions, reconciliations, accounts payable, and receivable
- Participate in developing the yearly budgets
- Identified and investigated variances to financial plans and forecasts by interpreting financial results
- Gathering and analyzing data to identify areas for improvement and/or develop solutions to keep the company on budget and on time
- Review financial data and prepare monthly and annual reports
- Establish and maintain financial policies and procedures for the company
- Establishing appropriate internal controls and governance
- Keeping abreast of changes in financial regulations and legislation such as tax and customs and ensure compliance with regulations
- Attending tax audits and answering GAZT queries, this is including but not limited to VAT, withholding tax, Transfer pricing, Income tax & Zakat computations and filing, obtaining Zakat certificate, keeping deadlines, and avoiding penalties, etc
- Managing external audits with high-class audit firms and ensuring the issuance of timely unqualified annual reports
- Developing future financial plans to support company objectives & expanding
- Developing external relationships with appropriate contacts, e.g., Auditors, suppliers, solicitors, bankers, and statutory organizations
- Handling maximization of in-country development % required for competitive bidding in KSA (e.g., IKTVA) & Manage IKTVA audits
- Researched and drove the integration of ERP, increasing the efficiency of accounting systems.
Group Finance Director
ALTHELIM Group
02.2013 - 06.2018
- Oversee, review, and adhere to budgets for each business department
- Assist in company-wide budgetary planning
- Ensure that all of the company's financial practices are in line with statutory regulations and legislation
- Analyze financial climate and market trends to assist senior executives in creating strategic plans for future
- Interpret complex financial information and provide updates and information as needed
- Monitor cash flow, accounts, and other financial transactions
- Supervise financial assistants and other employees in the facilitation of day-to-day operations, including tracking financial data, invoicing, payroll, etc
- Prepare official reports on a monthly and annual basis
- Seek out methods and practices to minimize financial risk
- Create and maintain relationships with service providers and contractors, including banking institutions and Auditors
- Update and implement financial policies and procedures
- Maintain policy manual for the finance department
- Overseeing the HR & IT department
- Managing external audit with high-class audit firms and ensuring issuance of timely unqualified annual report
- Establish and implement a training program for new finance employees.
Accounts Manager
ALTHELIM Group
10.2011 - 01.2013
Accountant
Petroleum & Natural Gas Higher Institute of Technology
12.2009 - 09.2011
Accountant
AL-ATTIA Transportation CO
07.2008 - 11.2009
Education
Master of Business Administration - Finance
Charisma University
01.2018
Bachelor of Commerce - Accounting
Alexandria University
01.2008
Skills
- Financial reporting and analysis
- Financial controlling
- Budgeting and financial management
- Financial Modelling & Valuation
- Banking & Credit Analysis
- Corporate Finance
- Projects Finance
- IFRS, GAAP
- Costing and integration
- Cash Management
- Tax (CIT, VAT, WHT, Transfer Pricing, PE, Zakat)
- Team Leadership
- Feasibility studies
- Strategic planning
- Relationship Building
- Resource Allocation
- Process Improvement
- Complex problem solving
- Microsoft Office Suite
- Power BI Visualization
Certification
- Financial Modeling & Valuation Analyst (FMVA) – Corporate Finance Institute (CFI)
- Certified Management Accountant (CMA)-Part 1 IMA
- Certified Finance Manager (CFM) - Global Association for Quality Management (GAQM)
- Commercial Banking & Credit Analyst (CBCA)– Corporate Finance Institute (CFI)
- ACCA CIRTIFR - Certificate in International financial reporting standards (IFRS)
- Certificate of proficiency on VAT Law & Practice - ICMA Australia
- Data Analytics & Visualization Certificate - IMA
- Consultative certified in Strategic management - Abha Chamber of Commerce & Industry
- LCCI Level 1 in book-keeping - London Chamber of Commerce & Industrial
- FELSA English Certificate (LCCI) - London Chamber of Commerce & Industrial
- LCCI Level 1 English for Business - London Chamber of Commerce & Industrial
- LCCI Level 2 English for Business - London Chamber of Commerce & Industrial
- Primavera fundamental - Oracle
- IOSH working safely - IOSH-UK.
- HABC Level 2 Award in Fire Safety (QCF)- Highfield Awarding Body for Compliance
Languages
Arabic
English
Address
- Jeddah, Saudi Arabia
- Khobar, Saudi Arabia
Timeline
Finance Manager
Archirodon Group N.V.
02.2022 - Current
Finance Manager
Horizon Geosciences Group, Royal Boskalis Westminster N.V
07.2018 - 01.2022
Group Finance Director
ALTHELIM Group
02.2013 - 06.2018
Accounts Manager
ALTHELIM Group
10.2011 - 01.2013
Accountant
Petroleum & Natural Gas Higher Institute of Technology
12.2009 - 09.2011
Accountant
AL-ATTIA Transportation CO
07.2008 - 11.2009
Master of Business Administration - Finance
Charisma University
Bachelor of Commerce - Accounting
Alexandria University
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