MOHAMMED REDA ABD ELRAHMAN
Financial Manager
Dammam,04
Summary
Dynamic Financial Manager with a proven track record at Abar Al Khaleej Telecommunications, excelling in cash flow management and advanced financial analysis. Enhanced reporting accuracy and reduced accounts receivable by negotiating payment plans, fostering strong client relationships. Adept at budgeting and strategic decision-making, driving organizational growth through effective financial modeling.
Overview
14
14
years of professional experience
2
2
Languages
Work History
Financial Manager
Abar Al Khaleej Telecommunications and Information Technology Company
03.2023 - Current
- Optimized cash flow management strategies, ensuring sufficient funds were available for daily operations while maximizing returns on idle cash balances.
- Enhanced financial reporting accuracy through regular audits and reconciliations, leading to improved decision-making capabilities.
- Prepared comprehensive financial statements for executive review, aiding in effective decision-making processes regarding growth opportunities and resource allocation.
- Analyzed budgets, financial reports, and projections for accurate reporting of financial standing.
- Oversaw administrative staffing by recruiting, interviewing and onboarding new personnel.
- Drafted reports for leadership for use in strategic planning and decision making.
- Reduced outstanding accounts receivable balances by consistently following up on overdue payments and negotiating payment plans with clients.
- Developed and presented financial data, financial statements and variance narratives to Board of Directors and Board of Trustees.
- Forecasted operating costs for scheduled projects by strategizing with other departments.
Account Manager
Tasheel Aluminum Manufacturing Plant
02.2022 - 03.2023
- Actively participated in networking events within the industry, expanding professional connections and generating leads.
- Streamlined internal processes for better efficiency in account management tasks.
- Improved overall team productivity by implementing best practices in organization and time management.
- Implemented strategies to increase revenue from existing accounts through upselling and cross-selling initiatives.
- Cultivated long-term relationships with key stakeholders in assigned accounts, fostering trust and loyalty among clients.
- Assisted in the development of training materials for new hires, ensuring smooth onboarding process.
- Conducted quarterly business reviews with major accounts to assess satisfaction and identify areas for improvement.
Account Manager
Stella Di Mare Hotel
01.2018 - 02.2021
- Increased client satisfaction by building strong relationships and addressing their needs promptly.
- Successfully resolved escalated issues, preventing potential loss of valuable clients while maintaining positive relationships with all parties involved.
- Maintained high client retention rate by providing exceptional customer service and anticipating client needs.
- Collaborated with sales team to identify potential upsell opportunities and expand client base.
- Provided comprehensive reporting on account performance, enabling clients to make data-driven decisions about future investments.
- Conducted regular account reviews to identify areas for improvement and ensure continued success.
- Developed customized account plans for clients to help them achieve their business goals.
- Established clear communication channels between clients and internal teams, ensuring seamless project execution.
- Managed a diverse portfolio of accounts, ensuring timely communication and effective problem resolution.
- Negotiated contract terms with clients, securing favorable agreements for both parties.
General Accountant
Stella Di Mare Hotel
03.2014 - 12.2017
- Assisted with budget preparation, monitoring expenses, and providing timely updates to management on variances.
- Managed accounts payable and receivable functions, maintaining accurate records and timely payments to vendors while collecting outstanding invoices.
- Prepared detailed cash flow analyses for management review, highlighting potential areas of concern related to liquidity issues or potential shortfalls in operating funds.
- Improved financial accuracy by conducting thorough account reconciliations and adjusting journal entries.
- Collaborated with external auditors during year-end audits, ensuring compliance with regulations and accurate financial reporting.
- Supported month-end closing process by preparing financial statements, variance analyses, and account reconciliations.
- Trained and mentored junior staff members on various aspects of general accounting principles, software applications, and best practices in order to foster a culture of continuous learning and professional development.
Accountant
Al Melham Commercial Group
02.2012 - 01.2014
- Handled day-to-day accounting processes to drive financial accuracy.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Gathered financial information, prepared documents, and closed books.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Used advanced software to prepare documents, reports, and presentations.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Managed cash flow effectively, ensuring all company liabilities were met in a timely manner and surplus funds were invested wisely.
Education
Bachelor of Commerce, Accounting Department - Accounting
04.2001 -
Skills
Advanced financial analysis
Cash flow management
Budgeting and financial management
Quantitative and qualitative analysis
Financial modeling
Financial reporting and analysis
Timeline
Financial Manager - Abar Al Khaleej Telecommunications and Information Technology Company
03.2023 - Current
Account Manager - Tasheel Aluminum Manufacturing Plant
02.2022 - 03.2023
Account Manager - Stella Di Mare Hotel
01.2018 - 02.2021
General Accountant - Stella Di Mare Hotel
03.2014 - 12.2017
Accountant - Al Melham Commercial Group
02.2012 - 01.2014
Faculty of Commerce - Bachelor of Commerce, Accounting Department, Accounting
04.2001 -