Ashraf Metwalli (Cfc-Pmp-Cisa)® Email & Phone Number

Riyadh, Sa

Riyadh, Saudi Arabia

• I played a pivotal role as a member of the executive committee, effectively overseeing the management of PSDSARC and PSATRI activities.• As a valuable member of the ERP implementation committee, I took charge of steering the successful adoption of new ERP applications, specifically Microsoft Dynamics 365, across the entire group.• I spearheaded the development and execution of strategic business and operational plans, which yielded tangible and quantifiable accomplishments.• Achieved a 25% annual savings by implementing the Activity-Based Costing (ABC) process and reducing wasted resources.• Adeptly managing the company's budget and forecasting process, I diligently monitored and reported on deviations from the established budget, while presenting effective solutions. Through my efforts, I achieved a significant reduction in variances by 20%.• By formulating and implementing robust finance, accounting, and reporting procedures, I ensured a notable 25% enhancement in internal control safeguards.• Conducting a comprehensive workload analysis, I skillfully restructured the Finance departments, resulting in impressive efficiency gains of 20%.• I successfully devised and executed a comprehensive plan to restructure the Construction Business Unit, leading to noteworthy performance improvements and cost savings of 15%.• expertise in ARAB accounting systems, proficiently conducted data analysis, skillfully performed financial analysis, and effectively managed bank facilities.

Riyadh

Reports directly to the CEO and board of directors playing a more critical role in shaping and contributing to the company’s strategies business information, reporting and financial data within organizations and assisting in decision support operations to enable the company to operate more effectively and efficiently , information technology, investor relations, strategic M&A and optimize Returns to the Shareholders.KEY RESPONSIBILITIES• Contributing in Strategic planning • Financial planning , forecasting and budgeting • Develop financial strategies • Acquisition and merger • Consolidated Financial reporting and Financial analysis • Working capital , treasury and cash flow management • Finance and fund raising ( line of credit , letters of credit , guarantee letters , secured long and short term debts , leasing , stocks and negotiation about interest rate and securitization ) • Hedging of interest rate fluctuations• Business valuation , due diligence and Feasibility studies • Timely and meaningful monthly management reporting both for individual profit/cost centers as well as for the overall Group.• Support the decision-making process by providing meaningful ad hoc analysis and by providing the financial perspective on all decisions.• Ensure optimal utilization of funds and effective cash flow management. Thoroughly review all payments before approving.• Drive and control the budgeting process ensuring that the approved budget is effectively used as the yardstick for measuring business performance both at departmental/divisional level as well as overall.• Ensure compliance with statutory requirements including compliance with SOCPA (Saudi Organization for CPA), IFRSs (International Financial Reporting Standards), the regulations of the Ministry of Commerce, Tax and Zakat regulations.• Ensure smooth and timely completion of external and internal audits resolving all audit issues.

Riyadh

Leading the Finance department (Finance, Accounting and IT functions), reporting directly to the Executive Managing Director, I do the following:Participate in setting company’s Strategy, operational plans and goals as a member of the senior management team Budgeting and forecasting. For which, I do:• Plan the budget process, provide budget guidelines, agree timetable with department heads and supervision of compiling departments budgets• Challenge assumptions of department heads & help them prepare their budgets• Lead a successful ERP implementation processes including:• Oracle e-BS Financials, Oracle Inventory & Purchasing implementation (GL, AP, AR, FA & CM) & (Discoverer & ADI)• Oracle/BASS (Billing & Accounting Settlement System) and Oracle/OCEN Maintenance & Operation integration • System Development through conducting system study and analysis to identify weaknesses and apply the appropriate action plan and enhance validation rules.Completion of all Statutory requirements including: • Issuance of the Financial Statements based on SOCPA & on IFRS standards.• Managing Zakat/Tax requirements including:• Completion of Tax/Zakat Return & handling Zakat issues (including WHT)• Tax planning (supported by E&Y tax advisory) • Issuing the Monthly Management Accounts Package including:• Commentaries & Executive Summary• B/S, P&L & Monthly Cash Flow Statement• Budget Variance Analysis Report• Other reports and information are generated by Oracle application & its tools• Controls - Establishment, implementation, analysis and continuance of adequate systems of internal controls.• Revision of policies and procedures manual whenever is needed.• Financial controls over procurement & warehousing activities. Member of the Purchasing Committee.• Issuing the Quarterly unaudited Financial Statements to the foreign partners• Issuance of the monthly billing and follow up the collection • Cash Management. Forecast cash position and cash need

Riyadh

• Advises staff regarding the handling of non-routine reporting transactions.• Hands on monitoring and processing of payables in support of payables supervisor.• Verification and authorization of expenditures.• Ensuring regular and timely account reconciliation and subsequent follow up actions. • Recording and accounting of commitments and expenditure as incurred, and all subsequent allocation, approval and accounting. • Ensuring regular and timely account reconciliation and subsequent follow up actions.• Monitoring of sales, recording of receivables, and managing of collections.• Prime responsibility for managing Expense Ledger, and follow-up of aged debtor/creditor reports. • Coordinate the preparation of the annual budgets.• Prepare Government reports as required.• Prepare year-end financial statements and supporting schedules for the Auditors.• Manage and provide guidance to accounts team .• Reporting To CEO , CFO and higher Management .

Saudi Arabia

• Management of document handling and data input .• Investigate all major discrepancies or variances monthly and report findings in the analysis of the monthly accounts. • Ensure that the Credit Controller maintains strict control over outstanding and overdue payments and resolves account problems with clients as a matter of urgency.• Coordinate the preparation of the annual budgets. • Coordinate with GEI Personnel Department the monthly Salary payments. • Monthly review the Stock holdings, maximum and minimum levels, of all products to ensure excess stocks are not held and that action is taken to sell slow or non-moving items.• Making adjustment for the inventory .• Prepare the cheque requisition or Bank transfers for signature for overseas and local suppliers according to the agreed payment terms.• Prepare Journal Vouchers for all routine accruals and prepayments and write-offs. • Cash management and forecasting .• Prepare year-end financial statements and supporting schedules for the Auditors.• Reporting To Senior Management .

Bachelor Of Commerce (B.Com.), Accounting And Finance

I am a Member of Institute of Management Accountants (IMA) USA, Certified Financial Consultant (CFC ) USA, chartered business.

Bachelor Of Commerce (B.Com.), Accounting And Finance, Good