Talal Elsayed Hussein
Finance Manager
Summary
Experienced and proactive finance professional with over 11 years of leadership across finance departments in six diverse companies, serving as Finance Manager with a proven track record. Currently pursuing the Examination for the CMA (Certified Management Accountant), complementing expertise in financial planning, budget management, cost control, and regulatory compliance. Certified in PMP and RMP, adeptly integrates financial acumen with project management skills to drive efficient business operations and mitigate risks effectively. Dedicated to leveraging strategic financial insights to enhance operational efficiency and profitability while maintaining rigorous financial controls.
Overview
10
10
years of professional experience
5
5
Certifications
Work History
Finance Manager
Wajd Holding Group
01.2021 - Current
- Established the Finance and Accounting department for the
holding company and controlled subsidiaries. - Managing all financial reporting/statements and audit for the
companies (standalone and consolidated). - Establishing and managing facilities and agreements with
financial institutions. - Strengthened internal controls through regular audits and
adherence to regulatory requirements. - Enhanced budget management by implementing expense tracking and cost reduction strategies.
Finance Manager
ITMAM Consulting Company
10.2019 - Current
- Established the Finance and Accounting department for ITMAM
and its subsidiaries. - Working on ITMAM IPO listing file along with FDD, LDD & IFRS
Diagnostic. - Supervising all financial accounting responsibilities.
- Ensured compliance with local regulations; timely filing of all
required documents, mitigating potential penalties or fines. - Managing all TAX duties and TAX related reports and filing.
- Handling and managing local content audit exercises.
- Managing all assets files and related duties – ROU, depreciation,
and amortization. - Handling and managing all management accounting duties
and reporting for executives and BOD. - Established and currently managing all banking facilities and
relations. - Managing treasury and investment activities.
- Supervising financial reporting and audit exercise and audit
committee reports. - Preparing and managing project budgets and following up with
consultancy team for all related duties. - Managing and handling client portfolios (Manpower Projects).
- Restructuring and organizing finance departments for clients
and helping them prepare for IPO listing. - Preparing 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.
- Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
Senior Accountant
Amana Cooperative Insurance Company
05.2018 - 10.2019
- Prepared monthly journal entries and reconciliations.
- Reconciled all bank accounts accounts and created documents for monthly closure procedures.
- Updated general ledger with latest entries.
- Completed year-end closing processes with controllers and external auditors.
- Managing all VAT and WHT reporting and filing with ZATCA.
- Creating and maintaining investment reporting and recording
all related entries and movements. - Supervising 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
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.
- Following up on collections and managing all reinsurance
clients' queries. - Conducted thorough account analysis and reconciliations to promptly
resolving 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. - Handling SAMA queries and reports.
- Establishing VAT process and reporting.
- Preparing facultative reinsurance agreements.
- Reconciling old clients' accounts and settlements.
Education
Bachelor of Science - Finance And Economics
King Fahd University of Petroleum And Minerals
Dhahran, Saudi Arabia 04.2001 -
Associate of Science - Accounting
King Fahd University of Petroleum And Minerals-DCC
Dammam, Saudi Arabia 04.2001 -
Skills
Adaptability
Languages
Arabic
Native language
English
Proficient
C2
Certification
Insurance Foundation Certificate Exam - IFCE
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Work Preference
Work Type
Full TimeWork Location
On-SiteRemoteHybridImportant To Me
Company CultureWork-life balanceCareer advancementPersonal development programsTimeline
Undertaking Examinations Program Management Professional (PgMP)
11-2024
Undertaking Examinations for CMA - (Institute of Management Accountants - United States)
10-2024
Risk Management Professional (PMI-RMP)
06-2024
Project Management Professional - PMP
04-2024
Finance Manager
Wajd Holding Group
01.2021 - Current
Finance Manager
ITMAM Consulting Company
10.2019 - Current
Senior Accountant
Amana Cooperative Insurance Company
05.2018 - 10.2019
Re-Insurance Accounts Executive
Tawuniya Insurance Company
10.2014 - 05.2018
Insurance Foundation Certificate Exam - IFCE
10-2014
Bachelor of Science - Finance And Economics
King Fahd University of Petroleum And Minerals
04.2001 -
Associate of Science - Accounting
King Fahd University of Petroleum And Minerals-DCC
04.2001 -
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