Mahmoud Kloub
Finance Manager
Riyadh
Summary
Dynamic and results-oriented Finance Manager with 14+ years of experience in financial planning, budgeting, forecasting, and compliance across multinational organizations. Expertise in cash flow optimization, cost reduction, and financial automation. Proven ability to lead financial teams, implement ERP systems, ensure IFRS compliance, and drive sustainable business growth. Adept at data-driven decision-making, risk management, and stakeholder engagement, consistently delivering value through strategic financial leadership.
Overview
16
16
years of professional experience
3
3
Certifications
2
2
Languages
Work History
Finance Manager
Arab Computers Ltd.– Part of Midis Group
09.2016 - Current
- Directed financial operations managing SAR 500M+ in annual revenue, overseeing all budgeting, forecasting, and financial reporting activities
- Implemented Oracle ERP, cutting reporting time by 40% and improving data accuracy
- Developed internal control frameworks, ensuring regulatory compliance and mitigating financial risks
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Optimized cash flow strategies, improving working capital by 20% and aligning liquidity with business expansion
- Mentored a team of 12 finance professionals, improving productivity by 30% through training and process standardization
- Led strategic supplier negotiations, enhancing credit terms by 15% and reducing financing costs
- Reduced operational costs by 12%, saving SAR 10M annually through effective cost management initiatives
Chief Accountant
Leejam Sports Company - Fitness Time
04.2013 - 09.2016
- Managed financial operations for 100+ fitness centers, including accounts payable/receivable, general ledger management, and bank reconciliations
- Developed SAR 200M+ budgets, aligning with operational strategies and achieving 100% adherence
- Strengthened internal controls, reducing discrepancies by 20% and enhancing audit readiness
- Conducted variance analysis, delivering insights that generated SAR 5M in annual cost savings
- Oversaw fixed asset management, streamlining capital expenditure and depreciation tracking
- Supported expansion projects, enabling the launch of 15 new locations, boosting revenue by 25%
- Led external audits, ensuring clean audit reports with zero compliance issues
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
Senior Accountant
Al-Qimmah Company - Al Hakkak Group
03.2012 - 04.2013
- Prepared financial statements, ensuring IFRS compliance and supporting strategic business decisions
- Led external audit preparations, achieving zero audit adjustments across two audit cycles
- Reduced operational costs by 10% through effective cost-monitoring frameworks
- Conducted variance analysis and collaborated with senior management for strategic planning
- Managed cash flow projections, ensuring operational liquidity and reducing financing needs
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
Accountant
Quds Paints
03.2009 - 03.2012
- Handled accounts payable/receivable, bank reconciliations, and general ledger management
- Processed payroll for over 200 employees, ensuring accuracy and compliance with local regulations
- Prepared quarterly financial statements, supporting tax filings with zero compliance issues
- Reduced inventory wastage by 15% through improved cost control and supply chain processes
- Assisted with audit preparations, resulting in smooth audits with no significant findings
- Handled day-to-day accounting processes to drive financial accuracy.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
Education
Bachelor’s Degree - Accounting
Al-Balqa’a Applied University, Amman College
JordanSkills
Financial Planning & Analysis (FP&A)
Certification
Certified Financial Management & Analysis
Accomplishments
- Reduced monthly closing time by 40% by implementing Oracle ERP financial modules, enhancing real-time reporting and decision-making.
- Improved working capital efficiency by 20% through optimized cash flow strategies, securing liquidity for strategic investments.
- Achieved SAR 10M in annual cost savings by leading cost optimization initiatives, reducing operational expenses by 12%.
- Enhanced forecasting accuracy by 15% via advanced financial modeling and predictive analytics.
Timeline
Finance Manager
Arab Computers Ltd.– Part of Midis Group
09.2016 - Current
Chief Accountant
Leejam Sports Company - Fitness Time
04.2013 - 09.2016
Senior Accountant
Al-Qimmah Company - Al Hakkak Group
03.2012 - 04.2013
Accountant
Quds Paints
03.2009 - 03.2012
Certified Financial Management & Analysis
IFRS Compliance & Implementation
Advanced Excel for Financial Professionals
Bachelor’s Degree - Accounting
Al-Balqa’a Applied University, Amman College
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