Alsaeed Alhefnawy CMA, SOCPA , GCPA

Finance Manager at AL KAWTHER INDUSTRIES LTD
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Contact Information
us****@****om
(386) 825-5501
Location
Jeddah, Makkah, Saudi Arabia, SA
Languages
  • English Full professional proficiency
  • Arabic Native or bilingual proficiency

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Experience

    • Saudi Arabia
    • Industrial Machinery Manufacturing
    • 100 - 200 Employee
    • Finance Manager
      • Mar 2022 - Present

      • Collect, interpret and review financial information. • Predict future financial trends & make strategic decisions. • Report to the management and stakeholders and provide advice on the company and future business decisions’ impacts. • Produce financial reports related to budgets, account payables, accounts receivables, and expenses. • Develop long-term business plans based on these reports. • Review, monitor, and manage budgets & develop strategies that work to minimize financial risk. Show less

    • Saudi Arabia
    • Furniture and Home Furnishings Manufacturing
    • 1 - 100 Employee
    • Chief Financial Officer
      • Jan 2021 - Mar 2022

      • Tracked budgets and accounting information, such as billing, collections and tax information. • Oversaw the company’s taxation affairs and liaised with the external tax firm for advice. • Implemented and advised on strategies to increase revenue and reduce costs. • Researched market changes and used them to provide strategic financial recommendations. • Conducted risk management analyses to ensure the company has a solid risk framework in operation. • Performed investment appraisals and analyses. • Oversaw the business’s cash flow and ensured it has appropriate treasury controls in place. • Managed the end-to-end audit process of current financial systems. • Prepared financial statements and business activity reports and presented them to top executives. • Recommended cost reduction strategies and allocate budgets. • Oversaw commercial decision-making from margin analysis, tender analysis and pricing analysis. • Oversaw the recruitment, training, mentoring and development of new staff members. Show less

    • Finance Manager
      • Jan 2017 - Dec 2020

      • Ensured business processes, administration, and financial management. • Maintained accounting system. • Led planning and forecasting activities with business partners to achieve business and company goals. • Reviewed financial reports & prepared financial forecasts. • Monitored financial details to ensure legal compliance. • Analyzed revenue, expenses, cash flows, and balance sheets. • Assisted management to make financial decisions. • Investigated means to improve profitability. • Reviewed and processed payments of the company. • Maintained an accurate filing and record-keeping system for all financial statements and company documents. • Participated in the execution of changes to procedures, policies, and systems to facilitate expansion, compliance, and scaling of the business. Show less

  • Al Murjan Holding Company
    • Jeddah, Makkah, Saudi Arabia
    • Group Chief Accountant
      • Jun 2015 - Dec 2016

      • Prepare the consolidated and Combined Financial statements for Local companies with more than 1 billion SR Total Assets. • Prepare financial statements and Monthly reports of financials for Multinational company’s own investments around the world of around 3B AED. • Performed financial analysis and reporting to management as needed. • Performed month-end accounting activities such as reconciliations and journal entries. • Coordinated with the finance team to complete assigned accounting tasks within deadlines. • Evaluated computerized accounting systems and provided recommendations to the IT team for performance improvements. • Generated financial reports and statements to Managers for review. • Analyzed financial discrepancies and recommended effective resolutions. • Monitored expenditures, analyzed revenues and determined budget variances and report the same to management. • Responded to accounting inquiries from management in a timely fashion. • Provided guidance to other Accountants when needed. • Assisted in budget preparation and expense management activities for assigned accounts. • Assisted in auditing activities by providing necessary information and preparing requested documentation. • Monitored and record financial transactions according to company policies and regulations. • Reviewed and recommended changes to existing accounting procedures. Show less

    • Real Estate
    • 1 - 100 Employee
    • Chief Accountant
      • Jan 2014 - May 2015

      • Perform financial management duties including generating financial data, compiling and submitting reports, analyzing industry trends and assessing the financial health of the company.• Oversee the operations and development of the company’s finance departments including creating and reviewing policies, budgeting, recruiting, training and conducting regular assessments of financial procedures.• Supervise the preparation of quarterly and annual account reconciliations, monitor and enforce compliance with tax and financial reporting standards and assist with cash flow forecasting.• Advise colleagues and executive management on decisions related to the company’s finances.• Supervise the documentation of the company’s financial status and forecasts.• Mediate between the organization, employees, stakeholders, shareholders and investors on financial issues for the amicable resolution of differences.• Create strategic business plans based on the analysis of the company’s status and financial forecasts. Show less

    • Senior Accountant
      • Nov 2008 - Dec 2013

      Making reports of cash flows. Monitoring the movement of car stock and matching its assets. Monitoring payment papers, their movement and matching them. Monitoring the movement of spare parts stock and matching its assets. Monitoring the work of maintenance workshops and making accounting reports. Issuing monthly, quarterly, semi-annual and annual accounting reports. Following clients' assets and their payment movement, and issuing monthly reports. Reviewing cash and instalment car bills, and verifying price and the completion of required documents for sale. Reviewing instalment bills and finished rent, and verifying profitability and insurance. Show less

  • suzuki saudia Bamaroof
    • Jeddah, Makkah, Saudi Arabia
    • Senior Accountant
      • Oct 2005 - Oct 2008

      Prepare financial transactions. Follow up on credit clients and prepare financial analysis of due payments. Review salesmen collections and reconcile against issued invoices. Verify and approve financial claims of contractors and compare it against Engineer’s reports. Prepare monthly reports of all tenants’ dues. Prepare financial transactions. Follow up on credit clients and prepare financial analysis of due payments. Review salesmen collections and reconcile against issued invoices. Verify and approve financial claims of contractors and compare it against Engineer’s reports. Prepare monthly reports of all tenants’ dues.

    • United States
    • Retail
    • 1 - 100 Employee
    • Accountant
      • Jan 2003 - Sep 2005

  • Sairafi Plastic FActory
    • Alexandria, Egypt
    • Accountant
      • Oct 2001 - Nov 2002

      • Prepare financial transactions. • Review sales invoices • Prepare financial transactions. • Review sales invoices

Education

  • Institute of Management Accountants, USA
    Master's degree, Accounting and Business/Management
    2021 - 2023
  • Saudi Organization for Chartered and Professional Accountants - SOCPA
    Master's degree, Accounting and Auditing and Zakat
    2011 - 2014
  • GCC Accounting and Auditing Organization
    2017 - 2017
  • Tanta University
    Bachelor's Degree, Commerce
    1998 - 2001

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