Summary
Overview
Work history
Education
Part Time
Skills
Timeline
Generic

Omar Subaih

Jeddah

Summary

To gain full time opportunity in finance department

Overview

11
11
years of professional experience

Work history

MANAGER PROFITABILITY AND COSTING (Acting)

Saudia Airlines
Jeddah
06.2022 - Current
  • Issue monthly flight route profitability reports (Reports: by Flight, aircraft, service and region)
  • Maintain profitability reporting system and monitor data quality to assess the organization's financial health.
  • Maintain and update unit rates and services prices.
  • Establish cost allocation mechanism and principles to identify cost to appropriate cost object.
  • Perform what if analysis for Hajj & Umrah round trip flights and new routes.
  • Submit monthly and YTD financial performance report that include operational KPIs, operating financial results in- depth analysis, cash flow projects, inter-company balances, divisional variance analyses
  • Compare Saudia's profitability with business benchmarks to analyze practice, identify issues and take prompt actions that help the organization to increase profitability and achieve business growth
  • Analyze proposed investments and provide financial impact to identify opportunities.
  • Review sister SBUs SLAs and internal transfer pricing to provide recommendations and penalties structure.
  • Develop ad-hoc reports to profitability and cost studies.
  • Participate in IATA Airline Cost Management Group.
  • Prepares department budget, monitor actual expenses and submit monthly variance report.

TRANSFORMATION FINANCE LEAD

Saudia Airlines
Jeddah
04.2021 - Current
  • Engaged in different work streams including: Fleet Management, Operation, Loyalty & Customer Experience
  • Work closely with the initiative owners in building the business case
  • Conduct methodology processes for all initiatives and decide whether to continue with the initiative or not
  • Validating actual benefit of the initiative by tracing it to the P&L.

Senior financial specialist

Saudia Airlines
Jeddah, Saudi Arabia
03.2019 - 05.2022
  • Profitability & Costing
  • Participate in Preparing the yearly budget using Zero Base Budget/Activity based approaches
  • Conduct feasibility studies by gathering data from different department and using various financial models
  • Engaged in Aircraft Acquisition/Lease analysis.

FINANCIAL SPECIALIST

Saudia Airlines
Jeddah
02.2017 - 02.2019
  • Profitability & Costing
  • Participate in Preparing the yearly budget using Zero Base Budget/Activity based approaches
  • Conduct feasibility studies by gathering data from different department and using various financial models
  • Engaged in Aircraft Acquisition/Lease analysis.

Financial analyst

Saudia Airlines
Jeddah
04.2013 - 01.2017
  • Main role is managing payroll accounts, through SAP System, for the Holding Company & Its SBUs.
  • Coordinate with budget, treasury, intercompany, and revenue Departments for multiple projects.
  • Coordinate with internal & external auditors to fulfill thier requirement.

Education

MASTER OF FINANCE - FINANCE

Saint Mary's University, Sobey School of Business
Canada

BACHELOR OF BUSINESS ADMINISTRATION - FINANCE

KAU
Saudi Arabia

LEVEL II CANDIDATE - undefined

CFA Institute

Part Time

Financial Controller

Meteor Media Group, Remote

May 2021 - Current

  • Initiate Business model and differentiate between activities conducted in the firm
  • Prepare the financial policy for all company operations
  • Prepare a cash flow report and clearly present it to the owner
  • Bookkeeping for day-to-day operation
  • Periodic filing for VAT & WHT


Financial Consultant 

Jamjom Construction

Dec-2019 to Jun2020


  • Starting the accounting system from scratch
  • Prepare the financial statements and present it to the owners
  • Prepare a short- & long-term cash flow management report that helped the owners to clearly understand the financial position of the company
  • Finally, hand over all the knowledge & experience that was gained in Jamjom Construction, after successfully completing the job that I was hired for.

Skills

  • Fair Knowledge About IFRS
  • Microsoft Office
  • Bloomberg Terminal
  • SAP - ERP Finance & HR Module

Timeline

MANAGER PROFITABILITY AND COSTING (Acting)

Saudia Airlines
06.2022 - Current

TRANSFORMATION FINANCE LEAD

Saudia Airlines
04.2021 - Current

Senior financial specialist

Saudia Airlines
03.2019 - 05.2022

FINANCIAL SPECIALIST

Saudia Airlines
02.2017 - 02.2019

Financial analyst

Saudia Airlines
04.2013 - 01.2017

MASTER OF FINANCE - FINANCE

Saint Mary's University, Sobey School of Business

BACHELOR OF BUSINESS ADMINISTRATION - FINANCE

KAU

LEVEL II CANDIDATE - undefined

CFA Institute

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