MOHAMMED ELSAYED ABOUALW
Abbar & Sons Food Co., Ltd.
Jeddah,Saudi Arabia
20
years of professional experience
1
Certification
1
Language
Financial leader with extensive experience in financial planning and analysis, budgeting, forecasting, and financial reporting. Skilled in leading teams, developing financial policies and documentation procedures across company departments, and managing banking relationships. Experienced in overseeing internal and external audits.
Work history
Head of Accounting Department
12 Years 4 Months- Reviewed and approved purchase orders before invoice payment processing.
- Trained accounting staff, improving day-to-day work output and quality.
- Liaised with external auditors during yearly audit fieldwork and reporting.
- Carried out regular risk assessments to strengthen internal control coverage.
- Managed and streamlined accounting operations to raise overall efficiency levels.
- Completed monthly balance sheet reconciliation reviews for fiscal accuracy.
- Streamlined payroll processing to reduce administrative time and rework.
- Analysed financial data to identify improvement areas for profitability.
- Delivered business growth through meticulous budgeting and forecasting.
- Implemented cost control measures to reduce overhead expenditure across functions.
- Prepared accurate financial reports to reflect company performance clearly.
- Processed timely invoice payments to maintain strong supplier relationships.
- Coordinated end-of-year tax preparations to avoid penalties from late filings.
- Built durable relationships with banking partners to secure favourable loan terms.
Head of Accounting Department
3 Years 6 Months- Established accounting policies and procedures aligned with business objectives and controls.
- Monitored financial performance, cash flow, banking activities, liquidity, and financing needs.
- Reviewed customer and supplier credit terms to manage exposure and optimise working capital.
- Liaised with external auditors during yearly audit processes.
- Conducted monthly reviews of balance sheet reconciliations for fiscal accuracy.
- Reviewed bookkeeping and management accounts to achieve clear and correct reports.
Senior Accountant
3 Years 9 Months- Recorded daily accounting transactions and prepared financial reports for management insights.
- Followed up on customer accounts and collections, analysing monthly sales trends.
- Collaborated with sales management on sales targets and monitored daily bank cash.
- Created customer database and input critical data into accounting system.
- Led team of junior accountants; ensured high quality work output.
- Performed monthly reconciliation of bank statements; eliminated monetary discrepancies.
Skills
Financial leadership and management
Budgeting and forecasting
Financial reporting and analysis
Cost optimization strategies
Cash flow management
Working capital efficiency
Banking operations and relationships
Internal controls and compliance
Audit coordination and procedures
Inventory accounting and control
Team leadership and development
SAP S/4HANA expertise
ERP transformation knowledge
Advanced Excel proficiency
Power BI analytics skills
VAT returns completion
Taxation principles understanding
GAAP adherence and IFRS insight
Profitability analysis techniques
Revenue planning and management
Balance sheet competency
Financial reporting
Financial leadership
Cost Accounting
Internal controls implementation
Inventory control
Education
Bachelor of Commerce - Accounting
Certification
Certificate in International Financial Reporting CertIFR, ACCA | Completed August 2026, Certified Management Accountant CMA | In Progress
TECHNOLOGY AND LANGUAGES
Arabic: Native | English: Professional Working Proficiency
Timeline
Head of Accounting Department
Abbar & Sons Food Co., Ltd.
2014.04 - 2026.08Read More
Head of Accounting Department
International Computer Company
2010.09 - 2014.03Read More
Senior Accountant
International Computer Company
2006.11 - 2010.08Read More
Tanta University
Bachelor of Commerce from Accounting
2000.01Read More