Please turn on your javascript Mohamed Abuzaid - Finance Manager - Saudi Oil Company - Riyadh, Saudi Arabia


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Finance Manager
Saudi Oil Company
Jan 2014 - Present | Riyadh, Saudi Arabia

• Planning, Forecasting, and Budget Preparation
• Performance Analysis.
• Cost Management.
• Policies, Procedures,& control preparation and monitoring.
• Financial Analysis.
• Efficiency Improvements.
• ERP systems ’’Oracle,
• Managerial Accounting
• Financial Reporting, Recognition, Measurement, Valuation, and Disclosure.
• Strategic decisions.
• Supervising Factories Cost systems applications (Bill of Quantities, Bill of Materials, Cost Centers), assist in Pricing management of the products (Variable, Fixed, Mixed, Cost, and Overhead Allocations)…etc.
• Prepare budget; Analyses business performance vs. budget and forecasts and prepare the variances, monitor and control the expenditure.
• Manage the relation with outsourcing Oil producers (Budget, costing, purchasing of material, BOQ, services charge, pricing of the products), then analyze the process.
• Perform financial analysis.
• Develop financial reports for forecasting, Operating Profit and Cash requirements (Cash Projection).
• Manage monthly financial closing process including income statements & Monitor the approval and processing of revenue, expenditures, etc.
• Supervising with External Auditor and preparation of audit work papers.
• Establish, implement, and keep update of day to day the financial management system.
• Ensure the correct and timely application of update of financial management guidelines.
• Review and controlling of procurement policies and procedure.
• Asset management including inventory management, others.
• Any reports required by company head.
• Supervise Debtors (Vendors/Customer), and Creditors (Suppliers) accounts including L/C’s.
• Project Manager for implementation and controlling of ’’ Oracle ‘’ ERP System.


Saudi Electronic University
Bachelor, Bachelors, Bachelors, Bachelors, Bachelors in Commerce, ‎
Percentage 100%


Intermediate English