Bassam Salah
Acting Finance Manager
Riyadh,Riyadh
Summary
Accomplished Acting Finance Manager at JAL Co, adept in financial analysis and reporting, and coaching teams for peak performance. Spearheaded initiatives that significantly enhanced budget management and operational efficiency, achieving notable cost savings. Expert in software applications, with a proven track record of fostering professional development and driving financial health through strategic planning and implementation.
Overview
18
18
years of professional experience
1
1
Certification
Work History
Acting Finance Manager
JAL Co
Riyadh
11.2023 - Current
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
- Enhanced budget management by implementing expense tracking and cost reduction strategies.
- Processed invoices and contacted appropriate parties for timely payment receipt.
- Optimized cash flow with diligent monitoring of accounts receivable and payable.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Developed comprehensive financial reports for executive decision-making support.
- Mentored junior finance staff, fostering professional development and strong team dynamics.
- Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
- Improved financial forecasting accuracy, utilizing advanced analytical models.
- Increased financial efficiency by streamlining and automating financial reporting processes.
- Executed vendor setup and payment, administration of bank accounts and account reconciliations.
- Reviewed documentation and identified financial discrepancies where applicable.
- Collaborated with cross-functional teams for strategic business planning and growth initiatives.
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Created organizational structures to improve accounting and finance functions.
- Facilitated effective financial decision-making by presenting complex data in simple visualizations.
- Spearheaded implementation of financial software systems to enhance productivity and reporting capabilities.
- Ensured compliance with local, state, federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
- Maintained responsive organization with sustained revenue growth through industry forecast monitoring and deliberate financial planning.
- Managed investments to diversify financial portfolios and grow revenue.
- Reviewed and approved capital expenditure requests, aligning with corporate objectives.
- Partnered with IT and operational leadership to develop financial business plans with detailed benchmarks.
- Managed regular finance tracking for numerous branch offices and headquarters expenses.
- Increased profitability by identifying underperforming investments, reallocating resources accordingly.
- Prepared and managed large capital expenditure budgets to effectively handle infrastructure investment and long-term operations.
- Forecasted trends and recommended improvements based on financial risk analyses.
- Researched and facilitated software integration to streamline accounting and financial processes.
- Completed filings and upheld strict compliance with regulatory agencies and supervisors.
- Drove profit increases through market research and strategic asset management to meet dynamic industry conditions.
- Implemented risk management strategies to protect company assets and minimize losses.
- Supported mergers and acquisitions activities, conducting due diligence and valuation analysis.
- Evaluated project applications and verified with outline specifications to approve, reject and recommend adjustments.
- Managed multimillion-dollar budgets, ensuring accurate allocation across departments.
- Drove revenue stream development through strategic collaboration and partnerships.
- Reduced reliance on external consultants by developing an in-house finance expertise center.
- Championed best practices in financial management through ongoing training programs for staff members.
- Spearheaded expansion strategies to increase business market share.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Prepared internal and regulatory financial reports, balance sheets and income statements.
- Analyzed business processes to identify cost savings and operational efficiencies.
- Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
- Improved overall financial reporting by streamlining control processes and reporting structures.
- Established internal audit procedures to validate and improve accuracy of financial reporting.
- Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
- Complied with established internal controls and policies.
- Utilized financial software to prepare consolidated financial statements.
Senior Accountant
GASCO
Riyadh
04.2021 - Current
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Updated general ledger with latest entries.
- Completed year-end closing processes with controllers and external auditors.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Assisted in internal and external audits by preparing necessary documentation and responding to auditor inquiries.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
- Reduced errors in financial statements through stringent review procedures and regular reconciliation of accounts.
- Optimized month-end closing procedures by streamlining workflow processes, reducing time taken from 10 days to 5 days without compromising accuracy or detail level achieved.
- Ensured regulatory compliance with GAAP standards by staying current on updates and integrating changes into accounting practices as needed.
- Provided journal entries and performed accounting on accrual basis.
- Prepared working papers, reports and supporting documentation for audit findings.
- Maintained integrity of general ledger and chart of accounts.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Compiled general ledger entries on short schedule with 100% accuracy.
Acoustical
GASCO
Riyadh
05.2015 - 04.2021
Chief Accountant
Namat Co.
Riyadh
05.2012 - 04.2015
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Completed year-end closing processes with controllers and external auditors.
- Managed a team of accountants, fostering collaboration and professional growth for improved department performance.
- Wrote financial statements and consolidations after reconciling general ledger accounts.
- Maintained accurate financial records by overseeing general ledger reconciliation efforts on a monthly basis.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Prepared monthly journal entries and reconciliations.
- Analyzed financial audit information and made recommendations to improve efficiencies.
- Established strong relationships with external partners such as banks, auditors, and tax consultants to ensure smooth interactions and compliance.
- Enhanced financial transparency for stakeholders through accurate and timely financial reporting.
- Offered advice and direction to help clients better understand financial goals.
- Assisted executive leadership in making informed decisions by providing insightful analysis on financial trends, opportunities, and risks.
- Protected company assets through meticulous tracking of fixed assets, depreciation schedules, and inventory valuations.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Assisted in upgrade and conversion of in-house financial systems.
- Developed and implemented effective accounting systems.
General Accountant
Tawhid Co
Cairo
02.2007 - 02.2009
- Assisted with budget preparation, monitoring expenses, and providing timely updates to management on variances.
- Managed accounts payable and receivable functions, maintaining accurate records and timely payments to vendors while collecting outstanding invoices.
- Prepared detailed cash flow analyses for management review, highlighting potential areas of concern related to liquidity issues or potential shortfalls in operating funds.
- Collaborated with external auditors during year-end audits, ensuring compliance with regulations and accurate financial reporting.
Education
Bachelor Of Commerce - Accounting
Cairo University
Bani Suaif05.2006
Skills
Coaching and training
Performance reviews
Skilled in Software
KPI management
Financial analysis and reporting
Languages
English
Advanced (C1)
Arabic
Bilingual or Proficient (C2)
Certification
SAP Financial Accounting Associates
Timeline
Acting Finance Manager
JAL Co
11.2023 - Current
SAP Financial Accounting Associates
11-2022
Senior Accountant
GASCO
04.2021 - Current
Acoustical
GASCO
05.2015 - 04.2021
Chief Accountant
Namat Co.
05.2012 - 04.2015
General Accountant
Tawhid Co
02.2007 - 02.2009
Bachelor Of Commerce - Accounting
Cairo University