MUHANNAD ALQET

Work History

Financial Controller

Nesma & Partners Contracting Co. Ltd.

02.2021 - Current

Oversee all Projects accounts and investments
Create monthly and annual reports to identify results, trends, and financial forecasts
Manage cash flow by tracking transactions and regularly reviewing internal reports
Coordinate with Cost department to ensure actual Earned value and Applied POC
Arrange with Project team and management to procure Bank facilities
Oversee and Control for bank facilities utilization to be matched with actual performance and Cashflow
Monitor and analyze financial performance of projects, including revenue, expenses, and profitability
Ensure compliance with accounting principles and financial regulations
Collaborate with other departments to develop budgets and forecasts for joint venture projects
Identify and communicate financial risks and opportunities to management
Assist in negotiation and structuring of joint venture agreements
Review and analyze financial statements and provide recommendations for improvement
Develop financial models and projections to support decision-making
Manage relationships with banks and financial institutions to secure funding for joint venture projects
Ensure timely and accurate financial reporting to external stakeholders, such as joint venture partners and lenders
Lead and supervise team of finance professionals responsible for joint venture project accounting
Stay current with industry trends and best practices in joint venture project finance
Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.
Reduced operating costs through meticulous budget management and cost analysis.
Managed payroll data entry and processing for [Number] employees to comply with predetermined company guidelines

Financial Controller

EL-SEIF ENGINEERING & CONTRACTING

11.2017 - 02.2021

Coordinate and direct preparation ofbudget and financial forecasts and report variances
Prepare and publish timely monthly financial statements
Perform risk management by analyzing organization’s liabilities and investments
Control and evaluate project fundraising plans and capital structure
Ensure cash flow is appropriate for organization's operations
Research technical accounting issues for compliance
Support month-end and year-end close process
Ensure quality control over financial transactions and financial reporting
Manage and comply with local government reporting requirements and tax filings
Develop business processes and accounting policies to maintain and strengthen internal controls
Set up and oversee company’s finance IT system
Additional controller duties as necessary
Reduced operating costs through meticulous budget management and cost analysis.
Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.

Regional Finance Manager

Drake and Scull International PJSC

12.2012 - 12.2016

Forecasted trends and recommended improvements based on financial risk analyses
Managed regular finance tracking for numerous branch offices and headquarters expenses
Completed filings and upheld strict compliance with regulatory agencies and supervisors
Drove revenue stream development through strategic collaboration and partnerships
Prepared monthly reconciliation of bank accounts and took corrective actions on deviations
Partnered with IT and operational leadership to develop financial business plans with detailed benchmarks
Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making
Utilized financial software to prepare consolidated financial statements
Established and checked coding procedures, monitored reports and updated internal files
Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports
Supported financial director with special projects and additional job duties
Created financial dashboards to provide insights into key performance indicators
Collaborated with C-level executives and stakeholders to develop long-term financial plans
Developed strategic plans for day-to-day financial operations
Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities
Analyzed business processes to identify cost savings and operational efficiencies
Improved overall financial reporting by streamlining control processes and reporting structures
Implemented and regularly reviewed financial controls to generate accurate and reliable financial data
Evaluated and negotiated contracts to procure favorable financial terms
Complied with established internal controls and policies
Created and managed financial models to evaluate corporate investments and acquisitions
Prepared internal and regulatory financial reports, balance sheets and income statements
Established internal audit procedures to validate and improve accuracy of financial reporting
Conducted financial due diligence on potential investments and acquisitions
Designed and maintained financial models to identify and measure risks
Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance
Performed banking, business administration and financial tasks to guarantee five-star service for clients

Finance Manager

Bazy Trading & Contracting Company

12.2010 - 10.2012

Coordinated with the site teams to provide commercial assistance and ensure procurement of the necessary certifications, and payment receipts as per the terms and conditions agreed upon adhering to the projected business plan
Liaised with the external and internal auditor to make available all the requisite documents and statements for the smooth conduct of the auditory processes
Monitored project costs as per the mandatory protocols; reviewed the tenders, actual cost, and the actual progress at sites comparing with the planned progression and costing criteria
Ensured smooth inflow of materials from suppliers and sub-contractors for the execution of day-to-day project operations under stressed cash flow situations
Reviewed to enable accurate and timely preparation of financial statements adhering to the protocols defined by the IFRS and local corporate laws
Played a pivotal role, making significant contributions to decision-making processes for strategically designing financial strategy and ensuring judicious utilization of funds
Analyzing processes to devise action plans with the aim of cutting costs and overhead expenses with the aim of enhancing the overall profitability of operations
Updated and implemented all the mandatory business policies and accounting practices adhering to the protocols dictated by the governing authorities and brought about changes to improve the finance department’s overall policy and procedure manual
Assisted the cost control team, deliberated on variances with the top management, and undertook the requisite corrective action plans
Monitored the ongoing project progress and performance to ensure the appropriate execution of the billing processes as per the rules and regulations framed by the management.
Enhanced budget management by implementing expense tracking and cost reduction strategies.
Mentored junior finance staff, fostering professional development and strong team dynamics.

Chief Accountant

Rawabi Telecom & Software Co.

08.2009 - 12.2010

Maintained accurate financial records by overseeing general ledger reconciliation efforts on a monthly basis.
Served as a strategic business partner to senior leadership by providing valuable financial insights, recommendations for improvement and accurate financial information necessary for decision-making processes.
Collaborated with cross-functional teams to develop comprehensive pricing strategies that supported profitability targets while remaining competitive in the marketplace.
Managed a team of accountants, fostering collaboration and professional growth for improved department performance.
Established strong relationships with external partners such as banks, auditors, and tax consultants to ensure smooth interactions and compliance.
Enhanced financial transparency for stakeholders through accurate and timely financial reporting.
Increased efficiency within the accounting department through continuous process improvement initiatives and staff training programs.

Accountant

Unicharm Gulf Hygienic Industries Ltd-KSA

01.2002 - 12.2006

Supported department objectives by participating in cross-functional projects with other departments as needed.
Reduced expenses by negotiating with vendors for better pricing and terms on services and supplies.
Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
Enhanced profitability by identifying opportunities for revenue growth through detailed analysis of customer sales data.

Senior Accountant

Consolidated Contractors Company/ KSA

01.2006 - 08.2006

Ensured regulatory compliance with IFRS standards by staying current on updates and integrating changes into accounting practices as needed.
Maintained accurate depreciation schedules for fixed assets, coordinating with asset managers for timely recording of acquisitions or disposals.
Improved cash flow management by closely monitoring receivables and implementing stricter credit policies.
Coordinated with various departments to gather financial data, ensuring accurate representation of each business unit's performance.
Managed quarterly and annual tax filings for company, ensuring timely submissions and compliance with regulations.

Summary

Overview

Work History

Financial Controller

Financial Controller

Regional Finance Manager

Finance Manager

Chief Accountant

Accountant

Senior Accountant

Education

Bachelor of Science - Accounting

Certified Management Accountant ( CMA )

• Financial Modeling & Valuation Analyst (FMVA)

International Financial Reporting (Cert IFR)

MBA - Finance

Skills

Certification

Page

Classification

Executive Synopsis

Personal Information

Timeline

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