Mohamed Sami Wali
Financial Controller
Saudi Arabia,Riyadh
Summary
Financial Controller With 16 Years Professional Experience.
A dedicated professional with extensive exposure in financial analysis , Cost controlling, Accounting and auditing , with cross competencies in leadership & Managerial skills, seeking a challenging position in a dynamic organization to contribute acquired expertise in charting a mutual growth path with 14 years experience in Alfanar group.
Overview
16
16
years of professional experience
6
6
years of post-secondary education
Work History
Financial Controller
Alfanar Construction
Saudi Arabia, Riyadh
10.2020 - Current
- Collaborated with executive team in preparation of annual capital and operating budgets, forecasts and all financial reporting and analysis.
- Managed budgets, assets, portfolios, accounts payable and receivable and general financial reporting procedures.
- Prepared accurate financial reports and monthly statements for accounts receivable.
- Completed journal entries, reconciliations and account analysis to prepare quarterly financial documents and general account management.
- Created and distributed reports on internal and external finances, audits and budgets.
- Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.
- Followed up with delinquent accounts to obtain funds and reduce aging balances.
- Reduced waste and boosted productivity by restructuring finance and accounting departments.
- Mitigated risk by implementing internal controls and safeguards for revenues and expenditures.
- Completed year-end close processes with CFO through effective supervision financial functions and regular treasury transactions.
- Directed corporate decision-making and planning by monitoring and setting policies and procedures to optimize fiscal performance.
- Formulated strategic plans and supported tactical initiatives to execute cost-savings deliverables.
- Verified accurate completion of corporate income tax returns and optimal use of favorable tax codes.
- Prepared external audit documentation and financial reports for financial operations with more than $900 MN in yearly revenue.
- Updated and reviewed financial reporting packages and managed financial reporting processes.
- Calculated salesperson commissions based on established parameters and disbursed payments.
- Accurately projected monthly cash expenditures through efficient budgeting and detailed document reviews.
- Prepared balance sheets, cash flow reports and income statements.
- Drafted complete annual audit reports with footnote disclosures.
- Assisted in upper-level decision making by creating comprehensive financial reports and collaborating with finance and accounting departments.
- Enhanced quality and currency of financial information by overseeing revenue collection systems.
- Maximized year-end tax benefits by efficiently managing cash flows.
Section Manager Accounting
Al Fanar Information Technology (Alfanar IT)
Saudi Arabia, Riyadh
03.2018 - 09.2020
- Prepare the monthly financial reports for presentation and discussion with the high management to make the necessary decisions .
- Prepare the actual and forecasted cash flow report and review the variance between the actual cash flow and the previous forecasted.
- Prepare planning budgets and monitoring disbursements and ensuring their approval of the budget set.
- Provide timely explanations of variances between actual results and forecasts/budgets,Provide corrective action recommendations for management, when necessary.
- Prepare the semi-annual and annual balance sheet.
- Budget controller for all types of disbursement in company with notify and alert the management for any overrun in disbursement And try to find preventive solutions to avoid it.
- Develop and follow up the implementation of internal control procedures of the company.
- Maintain general ledger, ensure compliance with generally accepted accounting principles,Including monthly review of all account reconciliations and journal entries .
- Prepare the receivable reports for presentation and discussion with high management to focus on critical issues to make the necessary decisions.
- Study of contracts with the clients and instruct the business unit if there is any risks on the company.
- Review and make decisions with management on credit limits of new and existing customers.
- Study of L/C documents with the clients and make controlling on details of L/C with alarm the business unit to any riskiness on time.
- Prepare the PO Status for suppliers and study the terms of payment with them to arrange and save the cash flow.
- Improve the team work , and ensure the accuracy, validity and completeness of the accounting data and the application of accepted accounting principles.
- Prepare reports required by external auditor and arranged it for audits of company accounts.
- Review and approve the letters of credit and bank guarantee letters.
- Review and approve all types of payments (such as Suppliers,Salaries,Rents,Government fees etc...).
- Monitoring of bank accounts and movement of balances, preview the all bank reconciliation.
- Monitoring and tracking the liquid money with petty cash holders and study of cash turnover rate to regulate and save the cash flow.
- Supervise the annual and semi-annual inventory committee and discuss the results and review with management to take any corrective action if necessary.
- Follow up monthly closing entries (Salaries,Prepaid,Accruals,Fixed assets,Current accounts,Reconciliation with customer and vendors etc..).
- Prepare the shortage & excess billing and preview with management and Provide corrective action recommendations to management, where necessary.
Section Manager Accounting
AL DAR Engineering.
Saudi Arabia, Riyadh
03.2015 - 02.2018
- Prepare the monthly financial reports for presentation and discussion with the high management to make the necessary decisions .
- Prepare the actual and forecasted cash flow report and review the variance between the actual cash flow and the previous forecasted.
- Prepare planning budgets and monitoring disbursements and ensuring their approval of the budget set.
- Provide timely explanations of variances between actual results and forecasts/budgets,Provide corrective action recommendations for management, when necessary.
- Prepare the semi-annual and annual balance sheet.
- Budget controller for all types of disbursement in company with notify and alert the management for any overrun in disbursement And try to find preventive solutions to avoid it.
- Develop and follow up the implementation of internal control procedures of the company.
- Maintain general ledger, ensure compliance with generally accepted accounting principles,Including monthly review of all account reconciliations and journal entries .
- Prepare the receivable reports for presentation and discussion with high management to focus on critical issues to make the necessary decisions.
- Study of contracts with the clients and instruct the business unit if there is any risks on the company.
- Review and make decisions with management on credit limits of new and existing customers.
- Study of L/C documents with the clients and make controlling on details of L/C with alarm the business unit to any riskiness on time.
- Prepare the PO Status for suppliers and study the terms of payment with them to arrange and save the cash flow.
- Improve the team work , and ensure the accuracy, validity and completeness of the accounting data and the application of accepted accounting principles.
- Prepare reports required by external auditor and arranged it for audits of company accounts.
- Review and approve the letters of credit and bank guarantee letters.
- Review and approve all types of payments (such as Suppliers,Salaries,Rents,Government fees etc...).
- Monitoring of bank accounts and movement of balances, preview the all bank reconciliation.
- Monitoring and tracking the liquid money with petty cash holders and study of cash turnover rate to regulate and save the cash flow.
- Supervise the annual and semi-annual inventory committee and discuss the results and review with management to take any corrective action if necessary.
- Follow up monthly closing entries (Salaries,Prepaid,Accruals,Fixed assets,Current accounts,Reconciliation with customer and vendors etc..).
- Prepare the shortage & excess billing and preview with management and Provide corrective action recommendations to management, where necessary.
Senior Accountant
Al Fanar Technical Services
Saudi Arabia, Jubail
05.2011 - 02.2015
- Prepare of financial statements.
- Budget controller for fixed assets with notify and alert the management for any overrun in disbursement
- Review all types of payments (such as Suppliers ,Salaries ,Rents ,Government fees etc...).
- Prepare the receivable reports and presentation with the high management to focus on critical issues to make the necessary decisions.
- Study of contracts with the clients and instruct the business unit if there is any risks on the company.
- Maintain a general ledger, ensuring compliance with generally accepted accounting principles, Including monthly review of all account reconciliations and journal entries.
- Preview all bank reconciliation.
- Improve team work , and ensure the accuracy, validity and completeness of the accounting data and the application of accepted accounting principles.
- Supervise the annual and semi-annual inventory committee and discuss the results and review with management to take any corrective action if necessary.
- Developed and implemented effective accounting systems
General Accountant
Alfanar Company
Saudi Arabia, Jubail
06.2008 - 04.2011
- Recording all financial entries
- Issue the Sales invoices for the clients.
- Finalize the purchase invoices.
- Recording the closing entries, Depreciation,Assets Receipt, etc...)
- Prepare the reconciliation of Banks.
- Issue the LC Invoices .
- Follow up the PO status with purchase department .
- Issue and close the Petty cash payments, and refinance the permanent imprest .and prepare the reports which related to same tasks.
Supervisor Accounts
Al Tahan Company
Syria, Allepo
03.2007 - 05.2008
- Prepare the financial reports .
- Assistance in the preparation of budgets .
- Checking all the financial entries.
- Improvement the team work
- Oversaw monthly accounting close process for timely and accurate reporting of financial information
- Entered job costing data from payroll records and supported payroll administration process
- Generated and submitted invoices based upon established accounts receivable schedules and terms
- Completed month-end closings with journal entries and reconciling accounts
General Accountant
Al Tahan For the manufacture of pesticides and fertilizers
Syria, Aleppo
09.2005 - 02.2007
- Recording all financial entries ( Sales & purchase invoices, closing entries, Depreciation ,Assets Receipt, etc...)
- Prepare the reports which related to same tasks.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating and cash and banking reconciliations
- Documented cash, credit, fixed assets, accrued expenses and line of credit transactions
Education
CMA
Currently Pursuing CMA
Saudi Arabia , Riyadh 01.2020 - Current
Diploma in Economic, Accounting Section
Aleppo University (Diploma in Economic (Accounting Section))
Syria- Allepo 09.2005 - 06.2006
Bachelor's Degree in The Economic ,Accounting Sec.
Aleppo University (Bachelor's Degree in The Economic (Accounting Section))
Syria- Aleppo 09.2001 - 06.2005
Skills
SAP Program
Navision Program
Microsoft Office
English Language
IFRS Proficiency
Financial Planning
Timeline
Financial Controller
Alfanar Construction
10.2020 - Current
CMA
Currently Pursuing CMA
01.2020 - Current
Section Manager Accounting
Al Fanar Information Technology (Alfanar IT)
03.2018 - 09.2020
Section Manager Accounting
AL DAR Engineering.
03.2015 - 02.2018
Senior Accountant
Al Fanar Technical Services
05.2011 - 02.2015
General Accountant
Alfanar Company
06.2008 - 04.2011
Supervisor Accounts
Al Tahan Company
03.2007 - 05.2008
General Accountant
Al Tahan For the manufacture of pesticides and fertilizers
09.2005 - 02.2007
Diploma in Economic, Accounting Section
Aleppo University (Diploma in Economic (Accounting Section))
09.2005 - 06.2006
Bachelor's Degree in The Economic ,Accounting Sec.
Aleppo University (Bachelor's Degree in The Economic (Accounting Section))
09.2001 - 06.2005