MOHAMMED FAISAL

Financial Consolidation & Statutory Reporting (Tadawul)

• Group Consolidation (KSA & UAE): Architected and implemented the financial consolidation module for the Group across Saudi Arabia and the UAE. Ensured strict alignment with IFRS 10, accurately handling complex intercompany eliminations and arm’s length transactions.
• Tadawul Submissions & IFRS 18: Directed the design, detailed review, and finalization of quarterly and annual consolidated financial statements for official submission to the Saudi Stock Exchange (Tadawul), fully aligned with the new IFRS 18 presentation and disclosure standards.
• Standalone Reporting (IAS 27): Managed comprehensive monthly and annual accounting cycles, including the preparation of standalone entity financial statements in accordance with IAS 27.
• Board-Level Advisory: Prepared detailed financial presentations for executive board meetings, translating complex financial data into actionable insights to guide strategic planning and investment decisions.

Treasury, Trade Finance & Risk Management

• Trade Credit Risk & Insurance: Mitigated commercial credit risk and protected company assets by implementing stringent credit control frameworks. Negotiated and managed comprehensive trade credit insurance policies with multinational carriers, including Allianz UAE, to secure corporate receivables.
• Working Capital & Factoring: Significantly improved cash flow and optimized corporate liquidity by identifying and structuring advanced financing solutions, including the successful factoring of trade receivables and project retentions.
• Cash Flow Management: Oversaw overarching treasury operations, optimizing daily liquidity while proactively minimizing financial exposure and risk to the organization.

SAP ERP optimisation & Business Intelligence

• SAP ERP Management: Maintained and optimized the SAP ERP system infrastructure to ensure seamless alignment with automated group consolidated reporting and strict tax compliance mandates.
• Designed and deployed real-time management dashboards, enhancing executive visibility into KPIs, revenue, expenses, and liabilities.
• IT Collaboration: Partnered with the IT department to continuously enhance financial software architecture, significantly improving data accuracy, reporting capabilities, and operational efficiency.

ZATCA Compliance, Audit & Corporate Governance

• ZATCA Year-End Leadership: Spearheaded year-end closing operations and ZATCA compliance. Reviewed tax audits and bookkeeping records in detail to resolve discrepancies and mitigate legal risks.
• Audit Facilitation: Coordinated seamlessly with top-tier external auditors to facilitate comprehensive annual audits, providing flawless financial documentation and verifying strict adherence to regulatory standards.
• Financial Governance: Applied IFRS to shape technical accounting policies. Reviewed and approved all financial transactions, establishing robust internal procedures to uphold the highest standards of financial integrity.

FP&A & Team Leadership

• Analysed complex financial data to identify operational trends and performed variance analysis, recommending cost-reduction measures to optimise financial performance.
• Mentored junior staff to cultivate a high-performing finance department, developing talent pipeline and streamlining operations including AP/AR and monthly bank reconciliations.

• Led the year-end closing process: coordinated the year-end closing process, including ensuring that all financial transactions were accurately recorded and reconciled.
• Preparing the consolidated financial statements: Prepared the consolidated financial statements by combining the financial statements of all subsidiaries into a single report.
• Ensuring compliance with accounting standards: Maintained compliance of all financial reporting with accounting standards and regulations.
• Coordinated with external auditors to ensure accuracy of financial reporting and timely completion of the auditing process.
• Preparing audit schedules: i responsible for preparing audit schedules that provide detailed information about the company's financial transactions and accounts.
• Resolving audit issues: I'm working with the external auditors to resolve any audit issues that arise during the auditing process.
• Providing financial analysis: i provide financial analysis and insights to senior management based on the year-end financial report.
• Ensuring accuracy and completeness of financial data: Verified the accuracy and completeness of all financial data prior to finalising the year-end financial report.
• Generated monthly and quarterly financial statements for executive review.
• Collaborated with other departments to achieve accurate and prompt financial reporting.
• Developed strategic plans for day-to-day financial operations.
• Reviewed historical records, current operational data and forecasting information to identify and capitalise on system enhancement opportunities.
• Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
• Developed and implemented procedures to enhance accounting processes, resulting in increased efficiency and accuracy.
• Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
• Created and maintained financial databases for data entry, tracking and reporting.
• Supported financial director with special projects and additional job duties.
• Collaborated with C-level executives and stakeholders to develop long-term financial plans.
• Analysed and reported on financial data to support business decisions.
• Performed banking, business administration and financial tasks to guarantee five-star service for clients.
• Monitored budget allocation and expenditures to enforce compliance with company policies.
• Improved overall financial reporting by streamlining control processes and reporting structures.
• Utilised financial software to prepare consolidated financial statements.
• Established and checked coding procedures, monitored reports and updated internal files.
• Created financial dashboards to provide insights into key performance indicators.
• Conducted internal audits to verify accuracy and compliance with applicable standards.
• Developed and maintained system of internal controls to prevent fraud and abuse.
• Complied with established internal controls and policies.
• Completed bi-weekly payroll for company employees.
• Managed banking reconciliations and monthly balance sheet statements.
• Evaluated and negotiated contracts to procure favourable financial terms.
• Designed and maintained financial models to identify and measure risks.
• Created and managed financial models to evaluate corporate investments and acquisitions.
• Conducted financial due diligence on potential investments and acquisitions.
• Prepared internal and regulatory financial reports, balance sheets and income statements.
• Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
• Educated accounting team on forecasting, financial statuses and financial strategies to assist in annual budget creation.
• Applied proper codes to invoices, files, and receipts to keep records organised and easily searchable.
• Managed journal entries, collection efforts, reconciliations, and payroll processing.
• Established internal audit procedures to validate and improve accuracy of financial reporting.
• Investigated daily variances and corrected errors to resolve discrepancies.
• Analyzed business processes to identify cost savings and operational efficiencies.
• Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
• Implemented cost control procedures and cost management processes, saving the company a huge amount especially in hyperinflation branches such as Egypt ,Turkey, Sudan and Ethiopia.
• Managed banking reconciliations and monthly balance sheet statements
• Educated accounting team on forecasting, financial statuses and financial strategies to assist in annual budget creation
• Prepared internal and regulatory financial reports, balance sheets and income statements
• Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports
• Investigated daily variances and corrected errors to resolve discrepancies
• Evaluated and negotiated contracts to procure favourable financial terms
• Implemented and regularly reviewed financial controls to generate accurate and reliable financial data
• Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities
• Mitigated impacts on financial accounting and business operations by working proactively to identify and resolve strategic concerns
• Improved overall financial reporting by streamlining control processes and reporting structures

During my 10 years of experience reporting at Al Wefag Trading & Manufacturing Co. Ltd. in Jeddah KSA, I have developed a diverse background in finance and accounting with a focus on the following roles:

• Plant Cost Controller (Jun 2008 - Jun 2010): Prepared COGS Reports, Standard Cost Variance Reports, Bill of Materials Reports, and Cost Reduction Reports to track the total cost of goods produced and sold, calculate gross margins, analyze profitability, and identify areas for cost savings.
• Treasury and Inventory Manager (Jul 2010 - May 2013): Prepared inventory valuation reports to monitor inventory levels and ensure accurate financial reporting, reflecting manufacturing accounting in Oracle system. Built strong relationships with banks such as SABB, NCB, Arab Bank, and Banque Saudi Fransi to support currency hedging and trade finance solutions. Prepared company cash flow and cash projections, controlling cash management processing cycles.
• Accounts Payable Manager (Jan 2015 - Mar 2016): Managed accounts payable, reconciling transactions and developing policies and procedures to prevent errors, fraud, and duplicate payments, resulting in increased DPO to enhance company's cash flow performance.
• Assistant Financial Controller (Jun 2016 - Feb 2018): Performed month-end account closing activities, maintained general ledger accounts, and prepared journal entries and financial reports, including balance sheets, cash flow reports, income statements, and tax returns. Analyzed financial data to support business decisions, monitored budget allocation and expenditures, ensured compliance with regulations, and led year-end closing process with Deloitte for five years, managing budgets, assets, portfolios, accounts payable and receivable, and financial reporting procedures.
• Oracle ERP System ; As a key member of the finance team, I played an integral role in the successful implementation of Oracle ERP financial modules R12, including Payables, Receivables, Cash Management, Fixed Assets, and Costing Management, for Al Wefag Trading & Manufacturing Co. Ltd. Specifically, I contributed to the integration of the Oracle ERP financial modules R12 with the trading and manufacturing modules to ensure seamless integration and accurate financial impacts for all accounting events, ensuring that the system complied with the correct accounting standards. I provided valuable support during the implementation and startup phases.
• Reviewed and analyzed monthly budget variance and trends

• Met deadlines by proactively managing individual and team tasks and streamlining processes.
• Generated financial and operational reports to assist management with business strategy.
• Motivated employees in business processes through effective engagement techniques.
• Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
• Completed financial reports, providing insight into performance, operations and cash flow.
• Oversaw payroll processing for all employees and benefits for employees.
• Met accounting financial standards by providing accounting department annual budget information.
• Verified items billed against items ordered and reconciled differences through follow-up with vendor.
• Identified financial discrepancies and implemented solutions to ensure accuracy in financial records.
• Checked general ledger entries to increase accuracy, prevent significant errors and identify adjustments.
• Oversaw accounting department operations, including accounts payable/receivable and payroll activities.
• Transferred data and documents to facilitate system migration and software updates.
• Analyzed financial information and made proactive adjustments.
• Investigated daily variances and corrected errors to resolve discrepancies.
• Managed ordering of office supplies to maintain inventory levels to avail materials for streamlined operations.
• Processed payments and documents such as invoices, journal vouchers, employee reimbursements, and statements.
• Applied proper codes to invoices, files, and receipts to keep records organized and easily searchable.
• Coordinated with external auditors to resolve discrepancies.
• Reported financial data and updated financial records in ledgers and journals.
• Used accounting software to prepare weekly and monthly financial reports.
• Input financial data and produced reports using Navision Accounting Software

• Streamlined daily reporting information entry, enhancing record-keeping efficiency.
• Strengthened financial operations by conducting bank reconciliations and financial reporting.
• Recorded deposits, reconciled monthly bank accounts and tracked expenses.
• Input financial data and produced reports using Sun Systems, SAP, and Fidelio to input financial data and generate reports to support business operations and decision-making.
• Reconciled account information and reported figures in general ledger by comparing to bank account statement each month.
• Managed sensitive and confidential documents to uphold corporate integrity.
• Presented audit findings to accounting manager after reviewing results and paperwork.
• Maintained excellent financial standings by working closely with bookkeeper to process business transactions.
• Received vendor invoices, validated for accuracy and routed for approval to prepare for payment processing.
• Created quarterly and yearly balance sheets to monitor financial progress.
• Reconciled accounts, managed audits and updated financial records with remarkable accuracy.
• Implemented new accounting processes to decrease spending and workflow downtime.
• Reviewed account books for accuracy and compliance with financial standards. and recorded transactions.
• Managed complex accounting projects and special assignments.
• Gathered, evaluated and summarized account data in detailed financial reports.
• Generated financial statements to analyze utility cost, repair and maintenance expenses.
• Maintained account accuracy by reviewing and reconciling checks monthly.
• Handled day-to-day accounting processes to drive financial accuracy.
• Provided strong customer service and support to prevent invoice and expense issues.
• Compiled budget figures by reviewing past budgets, evaluating estimated income, and assessing expenses.
• Created detailed expense reports to facilitate reimbursement for business expenses incurred.
• Supported management by processing invoices and documents with consistent on-time delivery.
• Reduced financial discrepancies, effectively reconciling bank accounts and organizing information into accounting software.
• Developed monthly, quarterly and annual profit and loss statements and balance sheets.
• Identified opportunities and risks in accounts payable process to improve standard operating procedures.
• Investigated inquiries relating to status of accounts.
• Researched and resolved invoice and payment issues for internal employees and external vendors.
• Reconciled company bank, credit card and line of credit accounts, investigating and resolving discrepancies to keep accounts audit-ready.
• Streamlined bookkeeping procedures to increase efficiency and productivity.
• Processed daily invoices, check requests and wire transfers of foreign and domestic currency.
• Generated invoices upon receipt of billing information and tracked collection progress.
• Managed and responded to correspondence and inquiries from customers and vendors.
• Assisted with annual audits by generating reports and collecting and consolidating invoice information.
• Effectively communicated with clients about payment needs and kept updated, detailed and accurate ledgers.
• Managed complex problem-solving for upper management in order to complete projects on-time and within budget.
• Matched purchase orders with invoices and recorded necessary information.
• Researched all invoices that were past due
• Oversaw monthly accounting close process for timely and accurate reporting of financial information
• Conducted ongoing reviews of program financial systems to assess cost control measures
• Oversaw monthly accounting close process for timely and accurate reporting of financial information.
• Processed all vendor invoices promptly in accordance with company policy.
• Researched all invoices that were past due.
• Communicated with corporate vendors to address inquiries and resolve issues., upper management and peers
• Trained and supported new hires to educate on process flow and interdepartmental procedures
• Processed all vendor invoices promptly in accordance with company policy
• Resolved issues through active listening and open-ended questioning, escalating major problems to manager
• Optimized organizational systems for payment collections, AP/AR, deposits, and recordkeeping
• Managed supervisor itinerary and appointments and streamlined scheduling procedures

• Controlled cash and credit card payment transactions at front desk to successfully reduce errors
• Generated and printed daily financial reports to track hotel performance
• Looked over pending check-ins and payment processes to complete closing procedures
• Kept accounts in balance and ran daily reports to verify totals
• Handled all duties and tasks for night manager and concierge during busy periods to maintain front desk efficiency
• Investigated auditing discrepancies by reconciling cash drop and credit card transactions
• Addressed guest needs promptly, noting reservation changes and special requests for day crew
• Entered and updated sensitive customer information during check-ins and room changes
• Updated customer accounts with add-on room charges, minibar use, and room service bills
• Entered customer data into room system and updated information whenever patrons changed rooms
• Followed company security and check-in policies and procedures and reported suspicious activity to supervisor
• Collaborated with team members to handle guest requirements from check-in through check-out
• Confirmed wake-up calls with guests within two minutes of scheduled time, ensuring a positive experience
• Initiated check-in process with a warm welcome and engaged guests in conversation while managing front desk tasks
• Monitored hotel's budget and financial records
• Performed nightly updates to room charges and rates
• Balanced hotel accounts and resolved discrepancies
• Completed night audit for guest ledgers to close bank and cash registers, reconciling issues quickly, and marking discrepancies
• Oversaw night auditing of daily room occupancy and hotel revenue
• Completed night audit for guest ledgers to close bank and cash registers, reconciling issues quickly, and marking discrepancies.
• Oversaw night auditing of daily room occupancy and hotel revenue.
• Controlled cash and credit card payment transactions at front desk to successfully reduce errors.
• Generated and printed daily financial reports to track hotel performance.
• Looked over pending check-ins and payment processes to complete closing procedures.
• Kept accounts in balance and ran daily reports to verify totals.
• Handled all duties and tasks for night manager and concierge during busy periods to maintain front desk efficiency.
• Investigated auditing discrepancies by reconciling cash drop and credit card transactions.