Momen Rateb
Jeddah
Summary
Finance Business Partner with Ten years of senior-level accounting experience and in-depth knowledge of financial concepts. Demonstrated to function in complex and volatile financial environment. Proficient in use of general ledger systems to analyze company finances. Organized and methodical [Job Title] produces [Type] outputs with exceptional analytical skills and financial management. Strong knowledge of budgetary control principles to achieve objectives. Excellent accounting system and MS Office proficiency to meet deadlines in data-driven environment.
Overview
10
10
years of professional experience
4
4
years of post-secondary education
1
1
Certificate
Work History
Finance Business Partner
Halwani Bros
11.2022 - Current
- Responsible for the month end reporting, P&L analysis
- Provide detailed analysis and commentary on performance results
- Manage annual budget and quarterly forecast process
- Responsible to drive profitability, identifying risks and providing robust and commercial decision support
- Undertake SKU breakeven analysis, benchmarking analysis, marketing ROI, and other product performance assessments as needed
- Worked with product managers to provide analytical support for product development business teams to drive and improve profitability
- Work closely with the marketing team to model P&Ls, provide financial analysis for launching innovations, and carry out post-mortem analysis, This includes scenario modeling to assess innovation visibility
- Maintain frequent interaction with department leads for expense management and allocation reviews, savings opportunities, and strategic business activities
- Closely working and coordinating with the leadership team to formulate the business's medium to long term financial and strategic plan
- Delivery of market benchmark competitor analysis, trends, and associated commentary to the top management to support their strategic decisions
- Working closely with management to assess the feasibility of new initiative and new projects.
Accounting Manager
Halwani Bros
12.2019 - 11.2022
- Preparing monthly, quarterly, and annual financial statement
- Lead the annual auditing with the external auditors
- Identify variances between actual and budgeted financial results at the end of each reporting period
- Preform month closing estimate
- Supervising daily accounting operations, including General ledger, account payable, account receivable tax, Zakah
- Leading a team of 24 Accountant in the accounting department
- Review daily corporate cash management and forecasting activities
- Monitors and manages company’s daily cash position
- Managing accounting transactions and administering strict timeline for tasks
- Supervising monthly reconciliations of Ledger accounts
- Supervising VAT, excise return, and Zakah preparation
- Revising Quarterly Reconciliation with the main customer
- Holding monthly departmental meetings with the accounting staff to ensure open communication, and addressing issues faced by the team
- Preparation of the annual budget
- Assisting the Group CFO and other senior executives in overseeing financial documents and making strategic implementations.
Chief Accountant
Halwani Bros
10.2018 - 11.2019
- Performing reconciliations of accounting ledgers, and assisting in preparation of tax file
- Supervising daily accounting operations, including General ledger ,account payable, account receivable, TAX and Treasury
- Guiding accounting staff by coordinating activities, answering questions, and resolving discrepancies for critical issues
- Leading monthly departmental meetings with the accounting staff to ensure open communication, and addressing issues faced by the team
- Follow up and review all finance reports included variance analysis
- Approving, authorizing all payments and ensuring accuracy in time lines and accuracy in all payments .
Account Receivables Section Head
Halwani Bros
08.2017 - 10.2018
- Manage and control nine branches all over KSA
- Perform monthly Sales analysis
- Assess and evaluate the customer’s credit history
- Reconcile the customer balances and confirm the balance each month
- Follow up with the team to Verify and post accounts receivable transactions
- Prepare accrual expenses for rebate and other customers contracts for monthly closing
- Prepare bad debt & returns and other provisions for monthly closing
- Reviewing the financial Reports (BS – P&L) on a monthly basis and preparing the needed analysis
- Communicate with the collection management to collect the due amounts of the unpaid invoices on time
- Revise the discount of sales to ensure its compliance with the budget
- Record and revise the Credit notes
- Perform monthly, quarterly, and annual calculations of sales compensation; validate and monitor Payment of incentive compensation plan components and commissions
- Provide backup support to other groups in the accounting department, type periodic reports and perform other general administrative duties.
Senior Treasury Analyst
Halwani Bros
05.2016 - 08.2017
- Prepare short-term cash flow forecasts
- Assist on managing cash & ensuring best practices in cash management
- Reconcile on a daily basis cash forecasts with bank reporting statements
- Worked closely with accounting team to ensure accurate recording of daily banking activities
- Analyze the effect of interest rate and exchange rate moves and suggest the appropriate hedges
- Lead a weekly meeting with purchasing Department to discuss payment proceeds
- Provide on a monthly basis interest calculation on loan agreements
- Work with banks to coordinate FX trades and related settlement for supplier payments
- Maintain regular correspondences with the banks & solve any disputes between banks and finance department
- Monthly following up and controlling on accruals, provisions, prepaid expenses
- Interact with other staff members to answer and resolve inquiries with internal &external auditors for A/P purposes
- Processed all expense reports
- Processed an excel spreadsheets for all payments being done for managers approval
- Initiate and posting of all wires in bank system daily.
Treasury accountant
Halwani Bros
06.2015 - 05.2016
Accounts Payable Accountant
Halwani Bros
12.2013 - 06.2015
- Review suppliers’ invoices according to the purchase request, the receiving note and the purchase order to obtain a regular matching (three-way matching)
- Monthly following up and controlling on accruals, provisions, prepaid expenses
- Interact with other staff members to answer and resolve inquiries with internal &external auditors for A/P purposes
- Processed all expense reports
- Processed an excel spreadsheets for all payments being done for managers approval
- Initiate and posting of all wires in bank system daily.
Education
Bachelor of Business - Economics
Alexandria University
Alexandria , Egypt 09.2008 - 09.2012
Skills
Ability to work rapidly and meet deadlines under pressureundefined
Certification
CFA Level 1
Timeline
Finance Business Partner
Halwani Bros
11.2022 - Current
Accounting Manager
Halwani Bros
12.2019 - 11.2022
Chief Accountant
Halwani Bros
10.2018 - 11.2019
Account Receivables Section Head
Halwani Bros
08.2017 - 10.2018
Senior Treasury Analyst
Halwani Bros
05.2016 - 08.2017
Treasury accountant
Halwani Bros
06.2015 - 05.2016
Accounts Payable Accountant
Halwani Bros
12.2013 - 06.2015
CFA Level 1
06-2013
Bachelor of Business - Economics
Alexandria University
09.2008 - 09.2012
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