Summary
Overview
Work history
Education
Skills
Languages
Personal Information
References
Timeline
Generic

Mohammed Fathy

Khobar,Saudi Arabia

Summary

Accounting professional versed in internal controls, taxation and business accounting practices. Focused on helping improve financial solvency with optimised systems and accurate forecasting. Diligent about auditing records and maintaining compliance standards.


Specialising in financial management with focus on corporate accounting. Keen to leverage skills in financial analysis, budget planning, and tax regulations to drive profitability and growth. Unique strengths include strategic financial planning, regulatory compliance, and team leadership, ensuring streamlined operations and optimal financial health.

Overview

15
15
years of professional experience
2023
2023
years of post-secondary education

Work history

Chief accountant

Miahona
Dammam, Saudi Arabia
07.2024 - Current
  • Managed payroll functions, ensuring accurate and timely processing.
  • Maintained updated knowledge of relevant laws and regulations avoiding legal complications.
  • Implemented cost control measures to reduce unnecessary expenditure.
  • Ensured smooth business transactions through diligent account reconciliation efforts.
  • Collaborated with external auditors for accurate year-end audits.
  • Handled complex financial data analysis tasks offering insightful business intelligence.
  • Enhanced financial reporting standards with stringent audit practices.
  • Coordinated finance activities across departments for operational efficiency.
  • Provided strategic direction for tax planning initiatives, yielding significant savings.
  • Optimised cash flow by managing credit and collection procedures effectively.
  • Directed preparation of company budgets for streamlined fiscal management.
  • Streamlined audit processes to ensure regulatory compliance.
  • Prepared detailed forecasts to guide budgetary planning process successfully.
  • Set up efficient invoicing system reducing payment delays.
  • Strengthened financial operations by implementing new accounting systems and procedures.
  • Developed robust internal controls for improved financial accuracy and transparency.
  • Monitored financial performance indicators, identifying potential risks and opportunities.
  • Demonstrated keen attention to detail whilst reviewing contracts and agreements.
  • Assisted board members with financial decision-making by providing expert advice on investment strategies.
  • Led team in preparing annual reports, resulting in timely submissions.
  • Reviewed and processed employee expense reports and vendor invoices for payment.
  • Organised and carried out month-end, quarterly and year-end processes.
  • Reviewed and certified official financial statements for presentation to shareholders and governing bodies.
  • Compiled financial data for business forecasting and budgeting.
  • Analysed budgets and financial projections for accurate reporting of company performance.
  • Trained new employees on accounting principles and company procedures.
  • Prepared detailed models, reports and charts highlighting complex financial information.
  • Installed internal controls and set up standard procedures for business accounting systems.
  • Produced accurate tax returns complying with official requirements and serving client needs for minimising liabilities.
  • Helped resolve disputed claims as official client representative to tax officials.
  • Streamlined financial operations by implementing efficient accounting processes.
  • Ensured accuracy in financial reports for enhanced decision making.
  • Facilitated smooth audits with meticulous record keeping.
  • Maintained company budget to ensure fiscal responsibility.
  • Enhanced fiscal reporting standards with precise bookkeeping practices.
  • Implemented new payroll system to increase staff satisfaction rates.
  • Oversaw team of junior accountants, cultivating a culture of excellence within the department.
  • Led accounts payable and receivable operations, ensuring timeliness and accuracy in transactions.
  • Synchronised multi-departmental budgets for streamlined spending control.
  • Established excellent relationships with vendors through transparent communication and prompt payments.
  • Finalised VAT returns with rigorous transaction checks.
  • Coached and mentored junior staff to maximise finance department capabilities.
  • Managed payroll functions, ensuring employees were paid accurately and on time.
  • Liaised with auditors, facilitating smooth annual audit process.
  • Coordinated timely completion of month-end close processes, maintaining strict adherence to deadlines.
  • Assisted in preparation of annual budgets, resulting in efficient allocation of resources.
  • Prepared monthly management accounts and reports, ensuring accuracy and timeliness.
  • Administered payroll processes for accurate, timely salary disbursements.
  • Directed budgeting and forecasting activities to align financial goals with organisational objectives.
  • Consolidated comprehensive management accounts, integrating income statements, cashflow and balance sheets.
  • Streamlined expenditure management processes resulting in cost efficiencies.
  • Oversaw payroll administration, maintaining staff morale and satisfaction levels high.
  • Oversaw accounting, payroll and financial reports to support daily functions.
  • Guided financial teams in analysing trends, enabling proactive decision support.

Chief Accountant

Midad Company limited
Khobar, Saudi Arabia
01.2021 - 06.2024
  • Company Overview: Midad is a part of Al Fozan Group, A reputed and reliable provider of best-in-class products and services to the oil & gas, refining & petrochemical, power & water, and public industries
  • Reporting to Group Finance Manager and CFO.
  • Responsible for Reporting and Filing for all companies in the group.
  • Responsible for the periodic financial reporting, monthly closing, consolidated financial statements, and management reporting.
  • Oversees preparation of business activity reports, financial forecasts, and annual budgets.
  • Responsible for filing value-added tax, withholding tax and zakat returns regulations for all companies in the group.
  • Maintaining the compliance with all ZAKAT and TAX regulations for all companies in the group.
  • Handling the periodical IKTVA Filing with Aramco and auditors.
  • Successfully leaded the project of E-Invoicing for all companies in the group.
  • Participated in Oracle implementation and data migration processes.
  • Supports the harmonization and standardization of all financial processes across business units to optimize the consolidation of financial statements and intergroup transactions.
  • Handling and assisting in the internal and external audit activities by providing necessary information and preparing requested documentations to auditors.
  • Monthly Reviewing the payroll sheets for all companies in the group.
  • Manage and oversee the daily operations of the accounting department.
  • Lead Accounting Staff and identifies their training needs.
  • Midad is a part of Al Fozan Group, A reputed and reliable provider of best-in-class products and services to the oil & gas, refining & petrochemical, power & water, and public industries

Chief Accountant

Bawan Metal Industries Company
Dammam
01.2014 - 01.2021
  • Company Overview: One of the leading industrial groups in Saudi Arabia Established in 1980 in Riyadh, Bawan is also a leading investor in the manufacture of building materials in the Middle East.
  • Reported to the finance manager and Factory Manager.
  • Prepared financial statements of the business at the end of month, quarter, and year.
  • Managed a day-to-day finance and accounts operations.
  • Handled all Letter of credits transactions.
  • Participated in the year-end audit by compiling and preparing supporting schedules, work papers, and financial reports as requested by auditors.
  • Participated and monitored in the periodically physical count inventory.
  • Ensured timely completion of all accounting records and coordinate with finance team to complete assigned accounting tasks within deadlines.
  • Managed all transactions related to fixed assets including documentation procedures of add, transfer, disposal, depreciation and physical count of fixed assets.
  • Prepared Monthly Value Added Tax Return.
  • One of the leading industrial groups in Saudi Arabia Established in 1980 in Riyadh, Bawan is also a leading investor in the manufacture of building materials in the Middle East.

Accountant

2M Electric Group
Ismailia
01.2011 - 01.2014
  • Company Overview: An Egyptian joint stock company works in the supply of electrical supplies, general contracting and renewable energy in addition to the manufacture of low voltage panels and fuses different capacities.
  • Maintained daily cash management and debt facilities reporting.
  • Reconciled bank statements and managed the processing of inter-company funding.
  • Maintained a day-to-day control over treasury transactions and authorization of bank payments.
  • Performed all daily banking operations with banks.
  • Handled all payroll calculations and payments on monthly basis.
  • An Egyptian joint stock company works in the supply of electrical supplies, general contracting and renewable energy in addition to the manufacture of low voltage panels and fuses different capacities.

Accountant

Ismailia Company for Agricultural Investment and Industrial
Ismailia
01.2010 - 01.2011
  • Company Overview: Ismailia Agricultural and Industrial Investment, produces frozen chicken and beef products.
  • Supported accurate and timely financial reporting through ensuring all stock data is updated correctly.
  • Facilitated and participated in monthly and annual stock counts.
  • Performed monthly stock reconciliations of physical counts against system for all categories of inventory and highlight variances to the management.
  • Reported shortfalls and surplus inventory, weekly and monthly for replenishment.
  • Ismailia Agricultural and Industrial Investment, produces frozen chicken and beef products.

Education

SOCPA - in progress

Saudi Organization for Certified Public Accountant

Bachelor of Commerce - Accounting and Finance (English section)

Suez Canal university
Egypt
04.2001 - /2009

Certified Management Accountant (CMA) -

Institute of Management Accountants
04.2001 - /2021

Financial Modeling and Valuation Analyst (FMVA) - Financial Modeling

Corporate Finance Institute

Skills

  • Microsoft Office applications
  • Accounting ERP software (MS Dynamics & Oracle)
  • Team building
  • Motivation
  • Problem solving
  • Organizational skills
  • Analytical skills
  • Financial reporting proficiency
  • Integrity and transparency
  • Time management efficiency
  • Team performance management

Languages

Arabic
Native
English
Advanced

Personal Information

  • Title: Chief Accountant
  • Date of birth: 11/05/87
  • Nationality: Egyptian

References

References available upon request.

Timeline

Chief accountant

Miahona
07.2024 - Current

Chief Accountant

Midad Company limited
01.2021 - 06.2024

Chief Accountant

Bawan Metal Industries Company
01.2014 - 01.2021

Accountant

2M Electric Group
01.2011 - 01.2014

Accountant

Ismailia Company for Agricultural Investment and Industrial
01.2010 - 01.2011

Bachelor of Commerce - Accounting and Finance (English section)

Suez Canal university
04.2001 - /2009

Certified Management Accountant (CMA) -

Institute of Management Accountants
04.2001 - /2021

SOCPA - in progress

Saudi Organization for Certified Public Accountant

Financial Modeling and Valuation Analyst (FMVA) - Financial Modeling

Corporate Finance Institute

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Mohammed Fathy