Mahmoud Zouriq

§ Own the financial planning process: plan, budget, forecast, as well as tracking actual performance and decision support analysis.

§ Challenge the financial results and anticipate any risks and escalate corrective measures and proposed solutions for top management decisions

§ Oversee the cash flow management process, making sure the liquidity position of the company is stable at any point in time

§ Be an effective Finance business partner across all key business areas in the company ensuring that each initiative is financially sound backed up by a business case taking into consideration risk and liquidity planning

§ Deliver high-impact presentations for decision making , providing insightful and detailed analysis of our financial performance and strategic objectives

§ Evaluate industry, economic, financial, and market trends to forecast the organization’s short, medium, and long-term financial and competitive position

§ Providing actionable insights, key findings, and conclusions to business, not just numbers

§ Execute regular and ad-hoc analysis and reporting of business relevant financial data of Central Clusters to provide transparent information for management decisions;

§ Overseeing completion & submission of annual & provisional tax and VAT returns

§ • Monitor and take relevant measures for the adherence to group procedures and policies, IFRS, local GAAP and tax law.

• Active oversight of relevant local filings, enquiries, issue management
• Third Party relationship management where delegated by the relevant Global Expertise team
• Play a pivotal role in shaping strategic decisions through insightful analysis and well-informed recommendations.
• Manage, coach and develop a high performing finance team.

§ Support the Group CFO with the development and execution of the group’s financial strategy, in alignment with organisational goals and objectives.

§ Provide insightful analytics to the business, execute business transformation initiatives for the broader company and influence the strategic planning process.

§ Develop, implement, and monitor finance and accounting policies, financial procedures, and internal control systems throughout the Group to ensure that Group assets are safeguarded and optimised.

§ Oversee the timely and accurate preparation of financial reports, including monthly, quarterly, and annual financial statements, ensuring compliance with relevant accounting standards and regulations.

§ Lead the budgeting and forecasting process, working closely with Business Verticals to establish financial targets and monitor performance against budget.

§ Consolidate and analyze monthly performance for the business , providing key highlights and strategic recommendations.

§ Conduct monthly financial performance analysis, quarterly virtual financial meetings, and ad hoc presentations for Finance Director and Corporate

• Develop budget guidelines in accordance with group, timetables and applicable forms and communicate accordingly with concerned stakeholders.
• Ensure overall budget requirements of ZainTECH functions are aligned with finance rules and regulations and escalate arising issues to ensure prompt resolution.
• Develop budget for all ZainTECH functions ensuring that all budgetary requirements are taken into consideration.
• Oversee adherence to budget and supervise resolution of all identified discrepancies, deviations and issues to ensure effective use of budget.
• Evaluate budget commitment and transfer requests and provide recommendations on course of action based on available budget.
• Evaluate financial analyses of all proposed investments in order to provide recommendations on course of action accordingly.
• Receive and review reports and accordingly develop corrective / improvement measures to enhance financial planning and control activities.
• Develop and maintain financial models for forecasting, budgeting, and long-term planning.
• Conduct variance analysis to understand business performance and identify improvement areas.
• Support M&A activities including due diligence, financial analysis, and integration planning.
• Collaborate with cross-functional teams to gather insights and drive business strategies.
• Prepare financial reports and presentations for executive management and stakeholders.
• Monitor industry trends and assess their impact on business segments.
• Implement financial best practices and contribute to process improvements.
• Maintain GL systems ensuring all accounts are reconciled and documented. Balance Sheet ownership despite of multiple ERP systems.
• Ensure the Fixed Asset process is managed by responsible team members ensuring asset integrity and accurate depreciation calculations.
• Recommend strategies & actions to maximize profitability, attain operational and financial goals, and minimize working capital.
• Drive year-end audit process. Implement recommendation of internal and external auditors to ensure proper accounting treatment and internal controls.
• Ensure Direct & Indirect Tax compliance. Tax exposure is assessed regularly & reviewed. Assist in driving Transfer pricing framework in line with Global guidance.
• Drive & Maintain relationships with agencies such as Banks, Government Authorities, Statutory Auditors, Tax Advisors & Benefits Service Providers.
• Review and finalize financial statements to ensure they are accurate, up-to-date and in compliance with corporate and statutory reporting requirements.
• Drive and lead continuous improvement of processes and procedures across the Finance function.
• Assist / Supervise adhoc projects as directed by leadership.

Ensure that the entities are in corporate compliance with all legal and statutory requirements

• Develop and implement the audit strategy, policies, and procedures in alignment with regulatory requirements and industry best practices.
• Ensure regulatory compliance by assessing GCGRA’s activities against applicable gaming laws, regulations, and licensing requirements.
• Develop an annual audit plan that addresses significant risks and provides assurance on the effectiveness of internal controls.
• Lead the planning, execution, and reporting of internal audits, including financial audits, operational audits, and compliance audits.
• Prepare and present audit reports that clearly communicate findings, recommendations, and action plans to address identified issues for senior management, the board of directors, and other stakeholders.
• Identify key risks and areas for audit focus based on a comprehensive risk assessment.
• Conduct thorough testing and analysis of processes, systems, and controls to identify weaknesses, irregularities, and non-compliance.
• Collaborate with management to ensure timely implementation of corrective actions and monitor progress. Provide guidance and recommendations to management on achieving and maintaining regulatory compliance.
• Act as a point of contact for audit-related inquiries and provide guidance on risk management and internal control matters.
• Collaborate with management to formulate a comprehensive audit plan leveraging appropriate risk methodology that is aligned with business priorities, risks and ventures.
• Liaise with senior stakeholders to identify key focus areas based on business priorities, ensuring IA function is well positioned and operating effectively.
• Oversee the end-to-end audit cycle, evaluating the company's system of internal control and sufficiency of resources.
• Act as a strategic partner to other senior executive on strategy and business-risk management.
• Responsible for developing and implementing quality assurance procedures and systems, creating a strong governance, audit, and risk culture

• Planning and directing internal audits of financial and operational activities
• Assessing risks and developing controls to mitigate those risks
• Identifying and reporting on fraud and other irregularities
• Working with external auditors to ensure that the organisation's financial statements are accurate and fairly represented
• Providing training and guidance to internal audit staff
• Submit the follow-up reports to the Head of IA to review.
• Attend the opening planning meetings with the auditee management.
• Prepare the minutes of audit planning meetings.
• Prepare the documentation for the process understanding meeting of the business related to the department / section / function under review and communicate the same to the Head of IA for review.
• In line with the agreed audit scope, identify the risks identified, nature, impact and likelihood on the department / section / function under review and the controls identified to mitigate those risks.
• Prepare the audit program to address the risks identified along with the testing strategy (substantive testing vs detailed analytical review).

Agree with the Head of IA on the use of computer software that aide in performing tests, if applicable.

• Conduct comprehensive internal audits of financial, operational, and compliance processes related to our field.
• Evaluate the effectiveness of internal controls and risk management systems to identify areas for improvement.
• Assess compliance with industry regulations, company policies, and relevant legal requirements.
• Perform detailed analysis of financial statements, transactions, and accounting practices within the oil and gas field.
• Collaborate with cross-functional teams to develop and implement corrective action plans based on audit findings.
• Provide recommendations for process improvements and contribute to the development of policies and procedures.

Stay abreast of industry developments, changes in regulations, and emerging risks affecting the oil and gas trading sector