Oracle
Hi, I’m
SAMEH HASSAN IBRAHIM
CFO
Riyadh
Summary
Dedicated Chief Financial Officer familiar with financial decision making and company-wide policy development. Talent for overcoming operational issues and driving proactive improvements. Offering more than 20 years' experience in financial leadership. Market-driven Chief Financial Officer adept at coordinating executive financial activity and capitalizing on market opportunities. Decisive leader and forward-thinking manager with excellent attention to detail and a hardworking mentality. Ready to apply +20 years of progressive experience to new position with long-term potential
Overview
23
years of professional experience
4
years of post-secondary education
1
Certificate
1
Language
Work History
GERSON LEHRMAN GROUP FOR FINANCIAL SERVICES (GLG)Remotely
Advisory Council Member
07.2023 - Current
Job overview
- Strategic Consulting
- Business Planning
- Feasibility Studies
- Helping Clients Succeed
- Risk Management
- Helping Startup Business
- Managed financial, operational and human resources to optimize business performance
- Monitored key business risks and established risk management procedures
- Established and maintained strong relationships with customers, vendors and strategic partners
BUREIDA FOR TRADING AND REFRIGERATION COMPANYRiyadh
CHIEF FINANCIAL OFFICER
06.2021 - Current
Job overview
- Managing financial reporting for organization. This includes monthly. financial reporting, budgeting and forecasting, financial plans and all statutory financial reporting
- Providing sound financial support and insights to enable the CEO & Board to make critical business decisions.
- Presentation of financial results and insights to Board
- Managing and overseeing taxation affairs of organization and liaising with external tax firm for specialist advice
- Managing External Auditor relationship and ensuring organization is compliant with accounting standards.
- Managing and overseeing company's banking and borrowing arrangements
- Managing and overseeing company’s financial systems
- Investment appraisal and analysis
- Presenting results to non-finance people to understand
- Recruitment, training, mentoring and development of staff
- Overseeing Accounts Payable, Accounts Receivable, GL, Tax, VAT, Zakat, WHT, Payroll, Financial and Management Accounting functions.
- Review and update company's financial and administrative policies
- Supervising and directing financial team towards formation of provisions for doubtful debts / inventory, etc.
- Coordinating with legal department regarding bad debts and overdue dues of debtors to judiciary and following up on that.
- Submitting annual budget and reviewing it with actual results and identifying deviations from it in each financial quarter with Chief Executive Officer and General Administration
- Reviewing and renewing annual bank agreements, including borrowing policies, letters of guarantee and Letter of credits
- Preparing annual medical insurance policies agreements, reviewing exhausted ones, and requesting quarterly report from insurance company on that, as well as insurance policy on property, buildings, and assets.
- Participation and guidance in examining ZAKAT, income and value-added tax committees.
- Risk Management to ensure business has solid risk framework in place.
- Overseeing commercial decision making from tender analysis, margin analysis, pricing analysis etc.
- Advising and implementing best practice methods to increase revenue and reduce costs
- Advising on market changes and providing strategic financial recommendations
- Managing and tracking budget and accounting information including billing, collections, and tax information
- Reviewing all formal finance, HR, and IT related policies and procedures
- Conduct Risk & Crisis management
- Evaluate and decide on investments
- Supervise a team of Accountants
- Allocate resources and manage cash flows
- Conduct profit and cost analyses
- Develop secure procedures to maintain confidential information
- Ensure all accounting activities internal audits comply with financial regulations
- Recommend cost-reducing solutions
GULF CATERING COMPANYRiyadh
Chief Accountant | Deputy CFO
02.2015 - 06.2021
Job overview
- Implementing financial and accounting procedures approved by senior management.
- Supervising preparation of registration vouchers and their approval before recording them in accounting books
- Supervising registration of registration vouchers and their posting
- Participating in process of periodic and annual inventory of fixed assets and materials and matching them with their own accounts
- Supervising preparation of monthly bank settlement statements, showing differences (if any), informing financial manager for review, and preparing necessary settlement entries
- Supervising preparation of trial balances and periodic financial reports, studying and analyzing them, then submitting them to Financial Director for approval and presenting them to higher management
- Supervising recording of operations in accounts payable and issuing payment orders related to them at specified times.
- Preparing settlement entries at end of financial period based on financial director's instructions.
- Preparing audit balances for detailed accounts and general accounts at end of each month and ensuring correctness of balances in each of them
- Preparing financial reports at end of each period
- Inform financial manager of any violation of financial policy or of financial procedures applied by various departments and sections of association, or of any deviation that appears in periodic financial statements.
- Providing all information, clarifications and documents required for internal and external audit purposes.
- Preparing final accounts at end of fiscal year
- Preparing official data on time to present it to official departments Assist in preparing estimated budgets and comparing them with actual ones at level of all cost and revenue elements, identifying deviations from planning budget.
EKLIL FOOD Company For TradingRiyadh
HEAD OF FINANCE
03.2011 - 01.2015
Job overview
- Manage Accounts Receivable A/R and Accounts Payable A/P
- Manage All Bank Accounts
- Manage all General and Operational Expenses Accounts
- Manage Of Petty Cash Accounts
- Manage Accounts of Assets & Depreciations
- Manage Stock and Cost Accounts
- Manage Payroll Accounts & Employee Benefits
- Approve Receipt & Payment Vouchers
- Check and Approve Financial Claims and Customer Credit Invoice
- Perform All Monthly Bank Reconciliations
- Prepare and Maintain Schedules in Support of all Closing Balances on Statement of Financial Position
- Manage and Control of Accrued Expenses and pre-paid Expenses
- Manage and Control of Accrued Income and Advance Revenue
- Manage and Control of Provisions and Bad Debts
- Check and Control Journal Vouchers, General Ledger and Trail Balance Prepare Financial Reports, Schedules and analysis required to administration Perform Inventory of Material Stock for The Annual Inventory for Warehouse Preparing Monthly Profit & Loss for the activity and other reports which related with Activity Preparing and Maintain Monthly Trial balance Preparing Quarterly & Yearly Balance Sheet
- Preparing Yearly Budget.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
GULF CATERING COMPANYRiyadh
Senior Accounts Receivable
08.2009 - 02.2011
Job overview
- Set goals for accounts receivable team that align with goals of accounting department.
- Monitor billing processing
- Ensure that payments are collected in timely manner.
- Carry out credit checks.
- Negotiate with clients in cases of non-payment.
- Prepare monthly, quarterly, annual forecast reports.
- Organizing records of invoices, invoices and deposits
- Ensure high-quality billing and collection procedures comply with law.
- Support accounts receivable clerks on daily basis and train new team members
- Managed past due balances, financial inquiries and other accounts receivable functions.
- Monitored timely collection and application of account receivable collections.
- Ensure that all team members follow accounting principles.
- Stay informed of legislative changes.
- Follow-up of clients' contracts and extent of their exhaustion and comparison with revenues
- Create periodic reports on debt reconstruction.
- Study formation of customer allocations for doubtful debts
- Prepare Regular and weekly report on troubled debts and addressing authorities.
- Approval of clients' balances quarterly
- Make analytical reports on sales in terms of quantity and value, and determine best-selling items.
- Preparing examination files for purposes of auditing operations
GULF CATERING COMPANYRiyadh
Senior Accounts Payable
11.2007 - 07.2009
Job overview
- To review posting and recording of procurement invoices to supplier assistant professor
- Carry out process of sending and receiving monthly account statements to and from suppliers
- Conducting supplier assistant professor’s settlement with variance analysis
- Review supplier invoices and related discounts earned
- Issuing all supplier accounts reports from computer as needed
- Identifying and reviewing differences and preparing reports that clarify this
- Registration of supplier's credit logos to settle balances in case of errors
- Providing the head of the accounting department and the procurement department with a debt aging statement showing the suppliers ’unpaid and suspended accounts for decision-making
- Coordinating and facilitating the work of the internal auditor and coordinating with the external auditors to complete the audit and prepare the schedules required to carry out the audit process Reviewing the balances of suppliers' accounts that have large discrepancies to correct them
- Reviewing and approving reports of aging debts owed to suppliers
- Opening a file for each resource that contains all the correspondence and agreements made between the company and the supplier, and indexing the file in a way that facilitates the process of referencing the document
- Counting, controlling and executing the receipt of invoices received from suppliers
- Reviewing the invoices received from suppliers mathematically and matching them with the contracts signed with suppliers and limiting the differences between the invoice and what has been agreed upon
- Coordination with the Procurement and Warehouse Department and to ensure that the required materials are supplied to the site according to the agreement and the completion of delivery documents for all materials
- Reviewed and submitted purchase orders for equipment, supplies and professional services.
- Documented petty cash transactions in petty cash journal to summarize payments rendered, maintaining accurate records.
- Contributed to producing and interpreting improved finance related methods to establish consistency with accounts payable prerequisites.
- Maintained good working relationships with vendors and resolved disputes.
- Follow-up of the covenant settlements with the masters of the covenant every specified period.
GULF CATERING COMPANYRiyadh
COST CONTROLLER
12.2005 - 10.2007
Job overview
- control of in& out store and transfer Store Items
- Review Item Stock Card
- Conducting continuous inventory of project's stores.
- Identify slow-moving, damaged and inferior items and submit report.
- Reviewing Recipe of produced items daily before making store Requisition
- Preparing daily production plan and reviewing it with returns and damaged items during operation period
- Determining initial cost of production materials and calculating daily production cost
- Determining value of Credit and Cash sales based on sales invoices Determining Gross Profit/Loss of daily activity as first stage in determining operating cost.
- Monitoring and updating cost estimates for projects to ensure that costs are within expected ranges.
- Reviewing expense reports to ensure that expenses are reasonable and appropriate for circumstances.
- Coordinating with other departments such as human resources, payroll, accounting, and finance to ensure that all costs are accurately tracked
- Conducting cost analyses to identify areas where costs can be reduced or eliminated altogether
- Monitoring budgets to ensure that spending does not exceed approved levels
- Collecting cost data from suppliers or subcontractors to track material costs
- Preparing reports to management regarding costs and expenses
- Preparing bid estimates for new projects or bids on existing projects
- Managing supplier relationships to ensure that company is receiving quality products at competitive prices.
KHALED KHOSHALA FOR INDUSTRY & TRADING CO. (AVANTI)Cairo
Senior Accountant
02.2002 - 12.2005
Job overview
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Prepared monthly journal entries and reconciliations.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Updated general ledger with latest entries.
- Reconciled accounts and created documents for monthly closure procedures.
- Directed accounting team in timely reporting of finances for diverse client businesses.
- Evaluated and improved financial records to make important business decisions.
- Reviewed business operations and obligations to help organization function at acceptable level.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Manage Accounts Receivable A/R and Payables A/P
- Manage Stock and Cost Accounts
- Manage Payroll Accounts & Employee Loan.
- Manage Sales Tax Accounts.
- Perform Inventory of Material Stock for The Monthly &Annual Inventory for Warehouse of Company.
- Prepare Monthly Inventory of Treasury, Cash, and Checks.
- Manage Of Petty Cash Accounts.
- Prepare for Sales Taxes Examination, Preparation and Processing all its own files and Documents and Passing it successfully.
- Preparation all Reports of Sales, Debtors, Cash and Checks Collected and Inventory Stock.
- Do all works assigned to me and what required from reports and other data.
- Delegated responsibility of Senior Management to get Industrial and Operational Licenses for Company, Including Building, Assets, Lands and factories License.
- Updated general ledger with latest entries.
- Prepared monthly journal entries and reconciliations
- Reconciled accounts and created documents for monthly closure procedures
TAREK ABDULHAMID FOR ACCOUNTING AND CONSULTING (Auditing Firm)Cairo
ASSOCIATE AUDITOR
07.2000 - 02.2002
Job overview
- Examining documents supporting operations such as revenue and expense recording operations Verify validity of revenue recognition Verifying correctness of fixed assets value, their depreciations, what was added and what was excluded Verifying value of billing clients and taking samples of affidavits with clients Checking suppliers' value and reviewing samples of some invoices and purchase orders Verifying correctness of allocations made during year for customers, employees and goods.
- Taking samples of receipts, cash and bank exchange Examining bank accounts from sent statements and matching them with bank reconciliations with company's books Verifying method of calculating cost of inventory and taking samples from methods of calculating cost Examine elements of other selling, marketing and administrative expenses Verify owners' accounts and annual dividends Attending some sales tax examination sessions.
- Prepared financial statements, disclosures and comments.
- Prepared audit reviews after detailed checking of client accounts.
- Dealing with multi-Clients with Variety Activities
Education
Helwan UniversityFaculty Of Commerce And Business Administrations
Bachelor of Commerce from Accounting
09.1996 - 05.2000
Egyptian Tax SocietyCairo
Some College (No Degree) from Taxes
06.2012 - 06.2012
Institute of Financial ConsultantsCanada
Professional Member from Certified Financial Consultant
05.2023 - 05.2023
Saudi Organization For Chartered And Professional Saudi Arabia
Professional Member from Professional Member
10.2019 - 10.2019
American Institute of Certified Public AccountantsUSA
Some College (No Degree) from Accounting
04.2023 - Current
University Overview
- Continuing education in Accounting , CPA In progress , Target Exam Y-2024
AL Faisal UniversitySaudi Arabia
Some College (No Degree) from Value Added Tax
12.2017 - 12.2017
Learning Go InstituteSaudi Arabia
ZAKAT Training Course from Zakat
01.2023 - 01.2023
Institute (IBMI)® Germany
Risk Management from Accounting
03.2021 - 03.2021
Institute (IBMI)® Germany
Business English from English Language
04.2021 - 04.2021
IMA Riyadh ChapterSaudi Arabia
Some College (No Degree) from Accounting And Business Management
10.2020 - 10.2020
Institute (CFI)® Canada
Accounting Fundamentals from Accounting Fundamentals
02.2021 - 02.2021
Institute (CFI)® Canada
Reading Financial Statement from Reading Financial Statement
03.2021 - 03.2021
Institute (CFI)® Canada
Introduction to Business Intelligence
04.2021 - 04.2021
IMA Riyadh ChapterSaudi Arabia
Some College (No Degree) from Digital Transformation in Audit
09.2019 - 09.2019
Institute (CFI)® Canada
Some College (No Degree) from Math Fundamentals For Capital Markets
07.2021 - 07.2021
Institute (CFI)® Canada
Excel & Word Advanced from Excel & Word Advanced
07.2021 - 07.2021
Institute (CFI)Canada
Forms of Business Structure from Forms of Business Structure
07.2021 - 07.2021
Institute (CFI)Canada
Careers in Commercial Banking from Careers in Commercial Banking
01.2022 - 01.2022
Institute (CFI)Canada
Introduction To Wealth Management from Introduction To Wealth Management
07.2022 - 07.2022
Institute (CFI)Canada
Introduction To Banking from Introduction To Banking
11.2022 - 11.2022
IMA Riyadh ChapterSaudi Arabia
SUSTAINABILITY, ESG AND FINANCE from SUSTAINABILITY, ESG AND FINANCE
09.2022 - 09.2022
UAE Global Innovation InstituteUAE
Innovation Management from Innovation Management
02.2023 - 02.2023
Institute (CFI)® Canada
Some College (No Degree) from ESG
03.2021 - 03.2021
Institute (CFI)® Canada
Some College (No Degree) from Introduction To FinTech
05.2023 - 05.2023
Institute (IBMI)® Germany
Some College (No Degree) from Financial Performance
03.2021 - 03.2021
Institute (IBMI)® Germany
Some College (No Degree) from Crisis Management
03.2021 - 03.2021
Skills
Financial Reporting
Budgeting
Oracle Financials
Taxes,Zakat
Financial and Managerial Policies
Cash Flow analysis
Annual reports
Business Development Plans
Feasibility Studies
Cost Control
International Financial Reporting Standards
Financial Analysis
Pricing Policy
Financial Advisory Service
Software
Certification
Certified Financial Consultant (CFC)®
Additional Information
- Teamwork
- Communications
- Time Keeping
- Commitment
- Multitasking Motivation
- Leadership
- Creativity
- Problem-Solving
Timeline
Advisory Council Member
GERSON LEHRMAN GROUP FOR FINANCIAL SERVICES (GLG)
07.2023 - Current
Institute of Financial Consultants
Professional Member from Certified Financial Consultant
05.2023 - 05.2023
Institute (CFI)®
Some College (No Degree) from Introduction To FinTech
05.2023 - 05.2023
Certified Financial Consultant (CFC)®
05-2023
American Institute of Certified Public Accountants
Some College (No Degree) from Accounting
04.2023 - Current
UAE Global Innovation Institute
Innovation Management from Innovation Management
02.2023 - 02.2023
Learning Go Institute
ZAKAT Training Course from Zakat
01.2023 - 01.2023
Institute (CFI)
Introduction To Banking from Introduction To Banking
11.2022 - 11.2022
IMA Riyadh Chapter
SUSTAINABILITY, ESG AND FINANCE from SUSTAINABILITY, ESG AND FINANCE
09.2022 - 09.2022
Institute (CFI)
Introduction To Wealth Management from Introduction To Wealth Management
07.2022 - 07.2022
Institute (CFI)
Careers in Commercial Banking from Careers in Commercial Banking
01.2022 - 01.2022
Institute (CFI)®
Some College (No Degree) from Math Fundamentals For Capital Markets
07.2021 - 07.2021
Institute (CFI)®
Excel & Word Advanced from Excel & Word Advanced
07.2021 - 07.2021
Institute (CFI)
Forms of Business Structure from Forms of Business Structure
07.2021 - 07.2021
CHIEF FINANCIAL OFFICER
BUREIDA FOR TRADING AND REFRIGERATION COMPANY
06.2021 - Current
Institute (IBMI)®
Business English from English Language
04.2021 - 04.2021
Institute (CFI)®
Introduction to Business Intelligence
04.2021 - 04.2021
Institute (IBMI)®
Risk Management from Accounting
03.2021 - 03.2021
Institute (CFI)®
Reading Financial Statement from Reading Financial Statement
03.2021 - 03.2021
Institute (CFI)®
Some College (No Degree) from ESG
03.2021 - 03.2021
Institute (IBMI)®
Some College (No Degree) from Financial Performance
03.2021 - 03.2021
Institute (IBMI)®
Some College (No Degree) from Crisis Management
03.2021 - 03.2021
Institute (CFI)®
Accounting Fundamentals from Accounting Fundamentals
02.2021 - 02.2021
IMA Riyadh Chapter
Some College (No Degree) from Accounting And Business Management
10.2020 - 10.2020
Saudi Organization For Chartered And Professional
Professional Member from Professional Member
10.2019 - 10.2019
IMA Riyadh Chapter
Some College (No Degree) from Digital Transformation in Audit
09.2019 - 09.2019
AL Faisal University
Some College (No Degree) from Value Added Tax
12.2017 - 12.2017
Chief Accountant | Deputy CFO
GULF CATERING COMPANY
02.2015 - 06.2021
Egyptian Tax Society
Some College (No Degree) from Taxes
06.2012 - 06.2012
HEAD OF FINANCE
EKLIL FOOD Company For Trading
03.2011 - 01.2015
Senior Accounts Receivable
GULF CATERING COMPANY
08.2009 - 02.2011
Senior Accounts Payable
GULF CATERING COMPANY
11.2007 - 07.2009
COST CONTROLLER
GULF CATERING COMPANY
12.2005 - 10.2007
Senior Accountant
KHALED KHOSHALA FOR INDUSTRY & TRADING CO. (AVANTI)
02.2002 - 12.2005
ASSOCIATE AUDITOR
TAREK ABDULHAMID FOR ACCOUNTING AND CONSULTING (Auditing Firm)
07.2000 - 02.2002
Helwan University
Bachelor of Commerce from Accounting
09.1996 - 05.2000