Please turn on your javascript Ahmed Ibrahim - Finance Manager - Altafrah Real Estate Cmpany - Riyadh, Saudi Arabia

Experience

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Finance Manager
Altafrah Real Estate Cmpany
Dec 2014 - Jun 2018 | Riyadh, Saudi Arabia

 Coordinate the development of annual budget.
 Develop financial policies and procedures.
 Ensure proper recording of all financial transactions in the accounting system.
 Manage the day-to-day accounting operations and ensure that data backup is in place regularly.
 Ensure that internal controls are in place for the activities related to accounting function.
 Review and approve the payment orders to the contractors and suppliers.  Review and approve the payroll and upload it into the banking system.
 Ensure matching of cash in the company’s books with cash in the treasury.
 Ensure continuous reconciliation of banks, suppliers and customers accounts.
 Building cash budget and estimating cash required for payment to suppliers, contractors and customers.
 Review projects' execution costs to ensure commitment with contracts costs levels.
 Conduct VAT return filing quarterly.
 Ensure that adjusting and closing entries are conducted.
 Conduct variance analysis for budgeted and actual data and prepare monthly reports.
 Perform financial analysis and assess the profitability of the divisions and projects.
 Provide ad-hoc analysis and generate reports to support CEO in his decision making.
 Effectively communicate and present the critical financial matters to CEO.
 Provide capital budgeting analysis for new projects using NPV,IRR,payback period,PI and sensitivity analysis.  Building investment portfolios by conducting fundamental and technical analysis.
 Conduct feasibility studies to figure out the viability and feasibility of investment opportunities.
 Carrying out financial modelling and risk assessment.
 Coordinate the development of due diligence.
 Maintain authorization matrix and make sure that the latest authorization matrix is followed at all times.
 Audit the branches' accounts at quarterly basis.
 Develop and maintain a good working relationships with the financial institutions to support the company's financing requirements.
 Ensure compliance with the generally accepted accounting principles and other governing regulations and directives.
 Direct and coach the employees, and enhance the department's performance while ensuring that employees are receiving the required monitoring and training.
 Work closely and transparently with all external partners including third-party vendors and consultants.
 Coordinate and lead the year-end audit process, liaise with external auditors to audit, issue and upload the company's financial statements to Qawaem System and follow up the issuance of Zakat Certificate.

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Financial Analyst
Dar alarkan Real Estate Company
Dec 2000 - Dec 2014 | Riyadh, Saudi Arabia

 Carry out financial forecasting and prepare the annual budget.
 Develop financial policies and procedures.
 Perform financial analysis and assess the profitability of the divisions and projects.  Building investment portfolios by conducting fundamental and technical analysis.
 Carrying out financial modelling and risk assessment.
 Conduct capital budgeting analysis for new projects using NPV,IRR,payback period,PI and sensitivity analysis.
 Conduct feasibility studies to figure out the viability and feasibility of investment opportunities.
 Interpret the financial results to support the decision making process.
 Develop and monitor the performance indicators, highlight the trends and analyze the causes of variances.
 Run ‘what-if’ scenarios in relation to financial projections.
 Project liquidity & borrowing requirements.
 Carry out cash flow forecast and estimate the cash required, the available cash and the variance.
 Coordinate the development of due diligence.
 Coordinate company’s financing process with external parties.
 Conduct variance analysis for the budgeted and actual financial statements and generate quarterly reports.
 Provide ad-hoc analysis and generate reports to support the management in the decision making process.

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Chief of Accounts
Line Trading Company
Jan 1997 - Oct 2000 | Riyadh, Saudi Arabia

Main Tasks & Responsibilities:
Develop the company’s annual budget.
Ensure that internal controls are in place for the activities related to accounting function.
Verify the invoices,transactions documents, and payment certificates before entering data.
Ensure proper recording of all company transactions in the accounting system.
Ensure the implementation of the recordkeeping procedures and manage the department records.
Ensure matching of cash in the company’s books with cash in the treasury.
Manage the day-to-day accounting operations and ensure that there is a redundant process of backup in place.
Perform the adjusting and closing entries. Accounts Payable:
Ensure that the company is aware of all of its financial obligations and payments are made for services received.
Ensure continuous reconciliation with the suppliers and service providers.
Review the daily activities and check the monthly ageing report.
Receive and check the suppliers’ statements of accounts in regular basis.
Review and approve the payroll and upload it into the banking system.
Accounts Receivable:
 Manage the accounts receivable function and ensure that the company’s receivables are collected.
 Follow up on ‘aged’ paid at the end of each month in contact with sales department.
 Ensure that new customers’ documentation is complete and accurate.
Investigate customers’ complaints and provide recommendations for further actions.
General Ledger:
Manage the general ledger activities to produce accurate financial reports.
Approve all journal entries into the system. Ensure that the monthly and end-of-year closing take place according to the schedule.
Review all reports before issuance and submission to the management.
Review and comment on accounts reconciliations.  Analyse and examine the accounting records and trial balance to assess the accuracy, completeness, and conformance to the reporting standards. Reporting:
Prepare monthly, quarterly and annually financial reports, highlight the variances and areas of concern to the management.
Audit:
Coordinate with the external auditors for financial audits and issuance of Zakat Certificate.

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, Saudi Arabia

Education

University of Gezira
Master, Masters, , MBA (Master of Business)‎
Business
CGPA 3.3/4
1998
University of Khartoum
Bachelor, Bachelors, , Bachelor of Economics‎
Economics
CGPA 3.2/4
1987

Languages

Expert Arabic
Expert English

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