Majed AlShahrani, MBA

Financial Controller at Saudi Water Partnership Company
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Contact Information
us****@****om
(386) 825-5501
Location
Riad, Arabia Saudí, SA
Languages
  • English -
Skills

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Credentials

  • Financial Forecasting with Big Data
    LinkedIn
  • Business Development Foundations
    LinkedIn
  • Corporate Financial Statement Analysis
    LinkedIn
  • Excel: Tips and Tricks
    LinkedIn
  • Financial Modeling and Forecasting Financial Statements
    LinkedIn

Experience

  • Saudi Water Partnership Company
    • Saudi Arabia
    • Utilities
    • 1 - 100 Employee
    • Financial Controller
      • feb. de 2022 - - actualidad

      Finance, HR & Procurement Policies assessment and UpdateDelegation of Authority Assessment and UpdateFinance procedures and workflow Budgeting and cost accounting Finance, HR & Procurement Policies assessment and UpdateDelegation of Authority Assessment and UpdateFinance procedures and workflow Budgeting and cost accounting

  • TALEMIA التعليمية
    • Saudi Arabia
    • Education Management
    • 200 - 300 Employee
    • Budgeting and Costing Unit Head
      • nov. de 2012 - ene. de 2022

      Budgeting & Planning • Budgeted revenue and cost of revenue• OPEX, CAPEX and HR budgets• Cash flow plan.• Budget Report & Presentation for Executives & Board of Directors.• Asses company spending and work to reduce costs• Developing strategic plans for financial growth• Review financial plans and budgets regularly to look for cost reduction opportunitiesPricing:• Pricing of projects in coordination with Bus Dev, PMs and technical teams.Controlling: • Monitoring internal controls.• Develop and adhere to policies and procedures• Approving purchase request of all expenditures (projects, OPEX and CAPEX) in accordance with the approved budget.• Managing budget transfer & budget increase requests while ensuring the profitability.• Financial analysis needed by the decision makers for the contracts changes.• Evaluating and managing risk.Reporting: • Preparation of the company`s financial statements reports (PIF, Holding, Executives & Board) • Analysis & variance reports (Company, Sector and Program) for different users within and outside company.• Cash management weekly report.Oracle Fusion Finance Implementation Project Manager 2020 - 2021• Managing the finance team in all the phases of the project in the two financial modules: Finance Module and Budgeting Module (EPM) for all implementation phases includes CRP, training, UAT, integration test and Go-Live.• Working directly with consultant to build the system modules • Document new rules required by system and train the team• Building new procedures and distribute them as required• Assisting other teams (PMs, CPD & HR) in implementation • ERP Committee member.• Building and Review finance Security Matrix • Building and Review Finance Approval Hierarchy• Mapping and Provision of data from Old system to new system• Mapping End of Year TB to new COA in Oracle• Provision of sub ledger details (Fixed assets, Receivables, Payables etc.)• Upload approved budget and transfer from EPM to FIN GL.

  • stc
    • Saudi Arabia
    • Telecommunications
    • 700 & Above Employee
    • Acting Section Manager of Business and Financial Planning
      • sept. de 2012 - oct. de 2012

      Capital Expenditures BudgetingOperational Expenditures BudgetingPrepare and Follow up Strategic Plan

    • Senior Accounting Expert
      • ago. de 2009 - sept. de 2012

      Budget Planning• Gathering allocation keys & determine best allocation based on actual consumption.• Gathering planned usage of services and the items (OPEX Budget).• Actual cost allocation: Charging departments with the actual cost allocated.• Shared services quarter expenditures report to review and comment on variances.• Actual consumption of services provided by the SS.Optimum Pricing: • Determine the optimum number of employees working on each service• Analyzing the price for each service provided relative to the consumption and providing management with full report on which areas to focus and opportunities to lower cost.• Assessing the departments in setting goals of lowering cost and follow up with them.

  • SAMI Advanced Electronics
    • Saudi Arabia
    • Appliances, Electrical, and Electronics Manufacturing
    • 700 & Above Employee
    • Financial Analyst
      • ago. de 2006 - ago. de 2009

      • Financial statements reporting for different users along with analysis and variances.• Preparing the Budget variance reports.• Business Plan Preparation for the company.• Preparing the Fixed assets and depreciation reports monthly.• Managing and controlling the travel expenses for the whole company. • Financial statements reporting for different users along with analysis and variances.• Preparing the Budget variance reports.• Business Plan Preparation for the company.• Preparing the Fixed assets and depreciation reports monthly.• Managing and controlling the travel expenses for the whole company.

Education

  • Saudi Electronic University
    Master of Business Administration (M.B.A.), Business Administration and Management, General
    2012 - 2015
  • King Fahd University of Petroleum & Minerals - KFUPM
    BS, Accounting
    2000 - 2006

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