Talal Elsayed
Riyadh,Saudi Arabia
Summary
Dynamic and results-oriented finance professional with over 12 years of experience in senior management roles. Proven track record of leading financial operations, strategic planning, and risk management to drive organizational growth and profitability. Expertise in budgeting, forecasting, financial analysis, and reporting, coupled with exceptional analytical and problem-solving skills. Adept at building and mentoring high-performing teams, fostering collaboration across departments, and implementing process improvements to enhance efficiency and accuracy.
Holds a comprehensive suite of professional certifications, including Project Management Professional (PMP), Risk Management Professional (PMI-RMP), Certified Finance Manager (CFM), Certified Professional Accountant Manager (CPAM), Chartered Financial Analyst (CFA), and Chartered Global Management Accountant (CGMA). These credentials demonstrate a commitment to continuous professional development and a deep understanding of finance, project management, and risk management principles.
Committed to delivering strategic insights and solutions that align with corporate goals and drive sustainable success. Ready to leverage extensive knowledge and experience to contribute to the financial success and strategic objectives of a forward-thinking organization
Overview
10
10
years of professional experience
7
7
years of post-secondary education
1
1
Certification
Work History
Finance Senior Manager
National Housing Company
Riyadh, Saudi Arabia
12.2024 - Current
- Collaborated with business management to set and control annual budgets.
- Directed budgeting and forecasting activities to align financial goals with organisational objectives.
- Analysed established fiscal parameters and organisational needs to develop approved annual budget.
- Revamped existing financial procedures resulting in streamlined operations across departments.
- Optimised company's cash flow, improving overall financial health.
- Streamlined financial operations by implementing effective cost control measures.
- Developed strategies to increase profits and cost savings.
- Managed daily finance services for smooth business operations.
Finance Manager
Wajd Holding Company
Riyadh, Saudi Arabia
01.2021 - 12.2024
- Established 4 company's Finance and Accounting department with complete set up for Wajd holding and its controlled subsidiaries.
- Created organizational structures to improve accounting and finance functions.
- Developed comprehensive financial reports for executive decision-making support.
- Managed all financial reporting/statements and audit for the companies (standalone and consolidated).
- Established and managed facilities and agreements with financial institutions.
- Established internal audit procedures to validate and improve accuracy of financial reporting
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
Finance Manager
ITMAM Consulting Company
Riyadh, Saudi Arabia
10.2019 - 12.2024
- Established ITMAM's Finance and Accounting department and its subsidiary (EMTITHAL Management Company).
- Worked on ITMAM IPO listing file along with FDD, LDD & IFRS Diagnostic (Listed in January 2025).
- Supervised all financial accounting responsibilities.
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Prepared internal and regulatory financial reports, balance sheets and income statements
- Ensured compliance with local regulations; timely filing of all required documents, mitigating potential penalties or fines.
- Managed all TAX duties and TAX related reports and filing.
- Handled and managing local content audit exercises.
- Managed all assets files and related duties – ROU, depreciation, and amortization.
- Handled and managing all management accounting duties and reporting for executives and BOD.
- Established and currently managing all banking facilities and relations.
- Managed treasury and investment activities.
- Supervised financial reporting and audit exercise and audit committee reports.
- Managed and handling client portfolios (Manpower Projects).
- Restructuring and organizing finance departments for clients and helping them prepare for IPO listing.
- Prepared financial policies and procedures and authority matrix for private sector clients.
- Optimized cash flow with diligent monitoring of accounts receivable and payable.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Mentored junior finance staff, fostering professional development and strong team dynamics.
- Negotiated favourable terms with vendors, resulting in significant cost savings for ITMAM.
- Prepared and managed project budgets and following up with consultancy team for all related duties.
- Enhanced budget management by implementing expense tracking and cost reduction strategies.
- Implemented risk management strategies to protect company assets and minimize losses.
- Developed strategic plans for day-to-day financial operations
Senior Accountant
Amana Cooperative Insurance Company
Riyadh, Saudi Arabia
05.2018 - 10.2019
- Prepared monthly journal entries and reconciliations.
- Reconciled all bank accounts and created documents for monthly closure procedures.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Updated general ledger with latest entries.
- Completed year-end closing processes with controllers and external auditors.
- Managed all VAT and WHT reporting and filing with ZATCA.
- Created and maintained investment reporting and recording all related entries and movements.
- Supervised department AR and AP activities.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
Re-Insurance Accounts Executive
Tawuniya Insurance Company
Riyadh, Saudi Arabia
10.2014 - 05.2018
- Coordinated month-end closing activities to ensure timely completion of financial statements.
- Increased client satisfaction by effectively managing and reconciling clients' accounts receivable and payable processes.
- Built strategic relationships with key account personnel.
- Followed up on collections and managing all reinsurance clients' queries.
- Conducted thorough account analysis and reconciliations to promptly resolve any discrepancies or irregularities identified during the process.
- Participated in the development and implementation of financial policies and procedures that contributed to a more efficient working environment.
- Handled SAMA queries and reports.
- Established VAT process and reporting.
- Prepared facultative reinsurance agreements.
- Reconciled old clients' accounts and settlements.
Education
Bachelor of Applied Science - Finance and Economics
King Fahd University of Petroleum and Minerals
Dhahran, Eastern Province 09.2010 - 05.2014
Associate of Science - Accounting
King Fahd University of Petroleum and Minerals
Dhahran, Eastern Province 09.2006 - 06.2010
Skills
- Adaptability
- Analytical-thinking
- Budget forecasting
- Coaching & training
- Conflict resolution
- Cross functional collaboration
- Driving financial performance
- Effective communication
- Effective delegation
- ERP system proficiency
- Ethical decision making
- Financial analysis & reporting
- Financial controlling & management
- Financial leadership
- Financial policy creation
- Financial statement preparation
- General ledger maintenance
- IFRS familiarity
- Inspiring team leadership
- IPO preparation
- Performance analysis
- Problem-solving abilities
- Profit maximisation
- Profitability analysis
- Project oversight
- Regulatory compliance
- Resilience under pressure
- Resourcefulness
- Results-Driven attitude
- Risk management
- Self-motivation
- Spreadsheet proficiency
- Strategic planning
- Taxation knowledge
- Teamwork & collaboration
- Time-management
- Treasury management
Certification
- Insurance Foundation Certificate Exam – (IFCE)
- Project Management Professional – (PMP)
- Risk Management Professional – (PMI-RMP)
- Certified Finance Manager (CFM)
- Certified Professional Accountant Manager (CPAM)
- Chartered Financial Analyst (CFA)
- Chartered Global Management Accountant (CGMA)
Languages
Arabic
Native
English
Fluent
Affiliations
- Camping
- Off-Reading
- Rebuilding Cars
References
References available upon request.
Timeline
Finance Senior Manager
National Housing Company
12.2024 - Current
Finance Manager
Wajd Holding Company
01.2021 - 12.2024
Finance Manager
ITMAM Consulting Company
10.2019 - 12.2024
Senior Accountant
Amana Cooperative Insurance Company
05.2018 - 10.2019
Re-Insurance Accounts Executive
Tawuniya Insurance Company
10.2014 - 05.2018
Bachelor of Applied Science - Finance and Economics
King Fahd University of Petroleum and Minerals
09.2010 - 05.2014
Associate of Science - Accounting
King Fahd University of Petroleum and Minerals
09.2006 - 06.2010
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