Ashraf Soliman Email & Phone Number

Riyadh, Saudi Arabia

Oversee and manage the entire budgeting process, ensuring timely preparation and control throughout the financial cycle.Maintain accurate records of OPEX, CAPEX, and capital budgets, reporting any deviations as needed.Prepare and present monthly, quarterly, and annual financial reports, including P&L statements, to senior management.Design effective budget models for departments and organization-wide financial planning.Analyze revenues, expenditures, and cash flow to ensure operations stay within budget.Identify and report variances between actual and budgeted financial results, suggesting spending improvements to increase profitability.Collaborate with department managers to meet budget submission deadlines and enhance budget discipline.Develop and implement budgeting policies, adhering to the Delegation of Authority Matrix.

Riyadh, Saudi Arabia

Developed a complete business cycle and premium chart of accounts to standardize financial operations across the organization.Established and maintained accounting, payroll, inventory, and property controls to secure company assets.Oversaw budget control, performed variance analysis, and generated monthly, quarterly, and yearly financial statements and MIS reports.Optimized standard processes using the FIFO method to reduce waste costs and created a commission policy for Sales Representatives.Addressed personnel issues, including staff conflicts, absenteeism, and performance management.Formulated financial policies and procedures in line with laws and guidelines, including payroll processes.Ensured team performance by setting standards, monitoring activities, and training staff on business policies and accounting practices.Resolved disputes with the Zakat and Income Authority, including VAT issues.

Riyadh, Saudi Arabia

Established a comprehensive business cycle and premium chart of accounts for group-wide standardization.Developed accounting, payroll, inventory, and property controls to safeguard company assets.Led budget control, variance analysis, and financial reporting, producing monthly, quarterly, and annual statements and MIS reports.Streamlined processes by implementing FIFO to reduce waste costs and introduced a commission policy for Sales Representatives.Resolved disputes with the Zakat and Income Authority regarding VAT.Formulated financial policies and payroll procedures in compliance with relevant laws and regulations.Managed end-to-end finance functions, including budgeting, asset and cash flow management, and accounts analysis.Directed recruitment, onboarding, performance management, and compensation for finance team members.Trained and coached staff on business policies, accounting practices, and performance standards.

Riyadh, Saudi Arabia

Supported senior management in forming an alliance between the Saudi Automobile Association (SATA) and Safeer Sabaa Company to drive Trip Ticket sales and strengthen financial outcomes.Established a consolidated chart of accounts and standardized financial statements for all group entities.Streamlined processes with flowcharts to align business objectives, optimizing payment control based on cash inflows.Key Responsibilities:Maximized shareholder value by ensuring optimal liquidity, preparing financial policies, and aligning strategic plans with board approval.Developed the general and operational budgets, overseeing budget adherence and addressing imbalances or risks throughout the fiscal year.Approved departmental budgets, tracked spending, and prepared cash flow statements to maintain fiscal health.Prepared and presented periodic and urgent financial reports, assessing the company’s financial standing for the Board.Managed profit distribution, loss allocation, and shareholder account statements.Established strong financial relationships with clients and conducted feasibility studies for new projects to assess viability and risk.

Jeddah, Saudi Arabia

Strengthened operational oversight by implementing financial and budgetary control procedures.Managed insurance contracts, prepared P&L by profit centers, developed tender documents, and handled fixed assets and purchase invoices with ABC costing.Served as a key SAP FI/CO module user, overseeing integration, gap analysis, implementation, and end-user training.Monitored cash flow through quick ratio management and ensured rigorous internal financial controls.Key Responsibilities:Led forecasting and budgeting for Sales and OPEX, aligning financial goals with business objectives.Acted as a strategic advisor to commercial and medical teams.Ensured compliance with policies and procedures through training and audit initiatives.Directed monthly financial closing, reviewed P&L, and maintained all G/L transactions.Managed receivables collections and consolidated branch financial results (sales, cost, inventory, collections).Verified branch submissions for compliance with management guidelines.Analyzed replacement transactions (e.g., bonuses, samples, expired stock) for accurate cost allocation.Controlled working capital metrics (DSO, DOH) and reviewed bank facilities to meet contract terms.

Saudi Arabia

Key Highlights:Monitored client aging to ensure timely collection of accounts receivable.Managed importing requirements to minimize risks and maintain optimal inventory levels.Streamlined standard processes to align with core business objectives.Key Responsibilities:Maintained and controlled the general ledger and company assets.Prepared special reports and studies to advise top management on critical issues, supporting strategic direction.Implemented and enhanced accounting systems while motivating staff to achieve performance goals.Prepared monthly financial statements and conducted in-depth analysis reports.Controlled and monitored working capital metrics (DSO, DOH).Collaborated with internal and external auditors to discuss annual financial statements.Reviewed branch performance metrics, including sales, inventory, and accounts receivable.

Saudi Arabia

Key Responsibilities:Co-ordinate with purchasing team on pricing, purchasing issuesLiaising about the correct allocation methodology with business partnersMaintenance of the allocation system (cost center - allocation methodology - account setups)Execution of the allocation checks (system checks, result checks, business unit checks)Performing the month end close and forecast related allocation activitiesPreparation of the allocation reports (recovery -, BU result -, Legal entity reports)Closely cooperate with colleagues in Finance Depratment.Documentation of the allocation processCompliance to policies

Cairo, Egypt

Key Responsibilities:Banker in Current accounts, promissory notes Department- April 1985 to April 1986Banker in letters of guarantee Department- May 1986 to April 1987Senior Banker in documentary credits Department- May 1987 to December 1988Senior Accountant in Public Accounts Department- January 1989 to December 1990Internal Auditor in Internal Audit Department- January 1991 to February 1992

Cairo, Egypt

Key Responsibilities:Examine and evaluate internal controls in key risk areas of banking activities/practices to ensure compliance with internal policies and applicable rules, laws, and regulationsPropose or evaluate appropriate corrective measure designed to strengthen internal controls, operational policies and procedures, and other weaknesses identified during auditsAudit functions of financial operations & internal controlsPrepares documentation in adherence to internal audit professional standards, best practices and Corporate Audit's methodologyStudies, evaluates, documents, and tests clients’ internal controlsAssist in evaluating key risks/internal controls, develop/ review audit programs/risk and control matricesAssist in performing testing proceduresOrganize and maintain client documentation in a manner consistent with safekeeping practices

Master Proposal, Internal Control Systems In Is.Banks

Post Master Diploma, Accounting' Major, Good

Bachelor Of Commerce (B.Com.), Major In Accounting, Very Good

Activities and Societies: Traveling & social communications Travling & social comunication