FINANCE MANAGER
MAHMOUD ELSHERBINY GODA
Hot Plate Factory
Madinah
17
years of professional experience
1
Language
Summary
Finance and accounting professional with 16+ years of experience across manufacturing, construction and project-based businesses in Saudi Arabia and Egypt, serving as Chief Accountant and Finance Manager. Expertise in financial reporting, manufacturing costing, budgeting, cash flow planning, internal controls, IFRS-based reporting and VAT, Zakat and ZATCA compliance, with hands-on Odoo ERP implementation experience. Leads a four-person accounting and inventory team; reviews and approves entries and reconciliations, coordinates the financial close and manages external audit requirements.
Work History
Chief Accountant (Head of Financial Accounting)
2 Years 5 Months- Lead financial accounting, management reporting, manufacturing cost analysis and month-end/year-end close; review monthly, quarterly and annual financial statements for compliance with IFRS.
- Manage VAT, Zakat and ZATCA compliance; coordinate external audit and regulatory requirements.
- Lead a four-person accounting and inventory team; review and approve entries and reconciliations covering banks, receivables, payables, inventory and fixed assets.
- Led a nine-month Odoo implementation linking purchasing, inventory, manufacturing, sales and accounting. Owned requirements, implementation-partner coordination, configuration (chart of accounts, journals, cost centers, inventory and manufacturing modules) and data migration, with specialist technical support from the partner.
- Migrated a full year of transactions, including sales invoice records, and brought parallel processing to same-day transaction entry across the legacy and new systems.
- Established product-level costing and investigated inventory valuation and cost-of-sales discrepancies through independent Excel calculations and historical-data analysis.
- Used product cost analysis to identify excessive scrap and recommended a mold redesign with the technical team. Reported scrap per operating hour fell 70%; internal before/after comparisons indicated an approximately 39% reduction in unit cost, including changes in product weight and scrap.
- Develop and improve accounting policies, procedures and internal controls over receivables, payables, inventory, fixed assets and manufacturing costs.
Finance Manager
1 Year 9 Months- Managed project accounting, budgets, cost estimates, cost monitoring, working capital and financial reporting in coordination with project teams.
- Introduced a close checklist, assigned ownership and monitored completion. Reduced the close-to-report-submission cycle from 10 to three working days over three consecutive monthly closes; exceptional cycles required up to five days.
- Prepared monthly cash forecasts covering 45-90 days. Identified a funding gap around the first quarterly loan installment and other commitments, rebuilt the cash budget and negotiated early customer settlement within delegated authority. Funds were available 25 days before the requirement.
- Monitored receivable aging and collection quality, supplier and subcontractor payments, and project cost variances; implemented cost-control measures to support management decisions and project profitability.
Chief Accountant
4 Years 5 Months- Led budgeting, forecasting, cost-reduction initiatives, financial analysis and weekly, monthly and quarterly reporting to senior management.
- Managed balance sheet reconciliations, capital expenditure monitoring, production and inventory reporting, and compliance with financial policies and internal controls.
- Key contact for system audits and ERP-related financial processes.
Senior Accountant
2 Years 10 Months- Managed project accounting, accounts payable and receivable, supplier invoices, customer collections and reconciliations for projects and showroom operations.
- Prepared project cost sheets covering materials, labor, installation and subcontractors; monitored budgets, inventory and purchasing transactions.
- Prepared monthly financial reports, cash flow updates and project profitability analyses highlighting cost variances and outstanding balances.
Cost & Managerial Accountant
3 Years 11 Months- Prepared financial statements, budgets and management reports; reviewed and approved accounting records and reconciliations before submission to top management.
- Managed cash flow, collections and bank relationships; supported financial controls, risk assessment, administration and governmental compliance.
System Analyst & Accounting Trainer
4 Months- Trained accountants on general ledger, inventory and fixed asset modules; configured accounting systems and supported reporting, error resolution, year-end closing and data validation.
Education
Certified Management Accountant (CMA)
Part 1: Passed | Part 2: In progress
Bachelor of Commerce - Accounting
Skills
Financial Reporting under IFRS | Management Reporting | Manufacturing Costing | Product Profitability | Budgeting and Forecasting | Cash Flow and Working Capital | Month-End and Year-End Close | Internal Controls and Accounting Policies | Bank
AR/AP
Inventory and Fixed Asset Reconciliations | VAT
Zakat and ZATCA Compliance | External Audit Coordination | ERP Implementation | Team Leadership
Systems: Odoo
Microsoft Dynamics AX
Oracle
QuickBooks
Advanced Excel
LANGUAGES
Arabic: Native | English: Advanced
Timeline
Chief Accountant (Head of Financial Accounting)
Hot Plate Factory
06.2024 - Current
Finance Manager
Nejmet Elbayan for Construction
08.2022 - 05.2024
Chief Accountant
Smile Factory
01.2018 - 06.2022
Senior Accountant
Kayan Alrasheed Interior Design & Furniture
06.2014 - 04.2017
Cost & Managerial Accountant
Al Shamry Plastic Factory
05.2010 - 04.2014
System Analyst & Accounting Trainer
New Vision Integrated Systems (Yusuf Abdullah Juffali Group)
12.2009 - 04.2010
Institute of Management Accountants (IMA)
Certified Management Accountant (CMA)
Mansoura University
Bachelor of Commerce from Accounting