Mahmoud Shaban
Riyadh,Saudi Arabia
Summary
Results-oriented Financial Controller- Director with a strong record of successfully managing the IPO process, extensive experience in the IT and telecommunications industry, skilled in directing financial operations and strategy at the executive level. Proven track record in delivering comprehensive financial reporting, budget management, and cost optimization initiatives. Expertise in regulatory compliance and risk management, ensuring adherence to industry standards while driving operational efficiencies. Strong leadership abilities with a focus on developing high-performing finance teams and fostering collaboration across departments. Proficient in leveraging data analytics to inform strategic decisions and align financial goals with business objectives. Committed to enhancing organizational performance and supporting growth initiatives through insightful financial management. Also experience in Audit clients from different industries, Manufacturing, Hospitality, IT and telecommunications, Trading, Constrictions, Real Estate etc.
Overview
10
10
years of professional experience
Work History
Financial controller
Perfect Presentation - (2P)
Riyadh, Saudi Arabia
06.2022 - Current
- Reviewed annual financial statements, collaborating with audit partners to produce statutory accounts.
- Installed internal controls and set up standard procedures for business accounting systems.
- Analysed budgets and financial projections for accurate reporting of company performance.
- Led audit engagements, serving as primary point of contact for audit-related queries in KSA.
- Directed financial activities including compliance and management reporting.
- Analysed market trends and competitor activities
- Organised and carried out month-end, quarterly and year-end processes.
- Assessed financial performance metrics, identifying areas for improvement and growth.
- Completed meticulous monthly balance sheet reconciliations, achieving financial accuracy.
- Guided financial teams in analysing trends, enabling proactive decision support.
- Provided input into short and long-term cashflow forecasts, optimising liquidity management.
- Prepared detailed models, reports and charts highlighting complex financial information.
- Provided valuable insights in monthly and quarterly business planning cycles.
- Introduced and managed IFRS technical accounting policies and best practices.
- Produced management information and KPI measurement through conducting variance analysis.
- Directed cost lines of P&L, managing staff costs, rent and overheads for optimal financial performance.
- Managed financial updates, watch lists and insurance files.
- Conducted regular reviews and official audits to validate recordkeeping and controls.
- Navigated complex financial landscapes, providing expert guidance on risk mitigation strategies.
- Reviewed and certified official financial statements for presentation to shareholders and governing bodies.
- Worked with executives to create annual budget and track actual expenses against projected expenses.
- Ensured compliance with relevant regulatory and accounting standards.
- Managed relationships with external stakeholders, auditors and financial institutions.
- Developed financial strategies to support company growth, enhancing cost optimisation and revenue generation.
Assistant Audit Manager
Baker Tilly MKM & CO.
Riyadh, Saudi Arabia
11.2016 - 05.2022
- Planned audit engagements by understanding clients' businesses and assessing risks.
- Identified and assessed risks of material misstatement in financial statements due to fraud or error.
- Executed detailed audit procedures and internal control assessments.
- Conducted detailed analytical procedures and tests to gather audit evidence for financial assertions.
- Conducted fieldwork supervision, evaluated performance metrics, assessed major audit results and pinpointed follow-up opportunities.
- Supported, guided and supervised field staff to ensure quality outcomes.
- Perform Agreed upon procedure, IKTVA ,Local content and multiple bookkeeping engagements.
- Evaluated financial statements for compliance with GAAP and IFRS.
- Verified adherence to applicable regulatory and accounting requirements.
Auditor
Safad for Auditing
Jenin , West Bank, Palestine
08.2014 - 10.2016
- Assisted in the execution of financial and operational audits, focusing on efficiency and effectiveness.
- Performed detailed analytical procedures, identifying trends and anomalies in financial data.
- Supported the development of audit programs and documentation for compliance purposes.
Education
Bachelor - Accounting and Finance.
Arab American University, Palestine
PalestineSkills
- Financial Reporting & Analysis
- Strong Financial Acumen
- Budgeting & Forecasting
- Strategic Thinking
- Team Leadership & Development
- ERP Systems
- Data Analysis
- Advanced Excel & Financial Modeling
- Regulatory Compliance and Knowledge
- Strong leadership skills–problem solving
- Decision Making
- Communication Skills
- Crisis Management
- Negotiation Skills
- Technology Proficiency
- Adaptability
- IPO Readiness
Languages
Arabic
Native
English
Advanced
Timeline
Financial controller
Perfect Presentation - (2P)
06.2022 - Current
Assistant Audit Manager
Baker Tilly MKM & CO.
11.2016 - 05.2022
Auditor
Safad for Auditing
08.2014 - 10.2016
Bachelor - Accounting and Finance.
Arab American University, Palestine
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