Bassem Khalifa Email & Phone Number

Riyadh, Sa

Riyadh, Saudi Arabia

Financial Reporting and ComplianceAccurate Financial Statements: Analyzed monthly, quarterly, and annual P&L statements, ensuring accuracy and compliance with financial regulations.Variance Analysis: Conducted variance analysis to identify discrepancies and provide actionable insights for cost control and revenue optimization.Budgeting and ForecastingAnnual Budgeting Process: Managed the annual budgeting process, collaborating with department heads to forecast revenue and expenses.Budget Monitoring: Monitored financial performance against budgets and forecasts, recommending corrective actions as needed.Forecast Preparation: Led the preparation of forecasts, budgets, and variance analysis to ensure alignment with business objectives.Financial Controls and ProceduresCost-Saving Initiatives: Led cost-saving studies and feasibility analyses for new ideas and investments, collaborating with department heads to minimize waste.Reporting and Dashboard DevelopmentComprehensive Reports: Generating comprehensive financial reports, including Profit and Loss (P&L) statements and balance sheets, ensuring accuracy and compliance with accounting standards.Interactive Dashboards: Designed and implemented interactive financial dashboards using Power BI to provide real-time insights and visualizations for key performance indicators (KPIs).Data Analysis and AutomationAdvanced Excel Functions: Utilized advanced Excel functions and Power Query to automate data processing, analysis, and reporting tasks.SAP BI Reporting: Managed SAP BI reporting and analytics, ensuring data integrity and consistency across all financial reports.Inventory and Insurance ManagementInventory Controls: Spearheaded inventory management, implementing controls to minimize shrinkage and optimize stock levels.Insurance Compliance: Directed the submission of the company’s annual insurance policy, ensuring compliance with regulatory requirements.

Riyadh, Saudi Arabia

Financial Reporting and Performance MonitoringComprehensive Financial Analysis: Managed P&L data, monitored results, and compared them with forecasts and budgets. Prepared comprehensive reports and projections to identify trends in financial performance and provide improvement recommendations.Monthly, Quarterly, and Annual Reports: Prepared and analyzed financial reports, including P&L statements, balance sheets, and cash flow statements, ensuring accuracy and compliance with financial standards.Automation and Efficiency EnhancementAutomated Reporting Tools: Enhanced productivity and efficiency by developing automated reporting and forecasting tools using Microsoft Power BI and Microsoft Analysis BI. Designed effective budget models for departments and the entire company.Collaboration with BI Consultants: Collaborated with BI consultants to develop and enhance customized management reports and dashboards. Automated reports and financial studies, ensuring compatibility with updates such as VAT.Budget Management and Cost ControlBudget Proposals and Monitoring: Evaluated and approved budget proposals and funding requests. Monitored spending to ensure budget compliance and coordinated with the finance team to review financial information and forecasts.Annual Budgeting Process: Led the annual budgeting process, working closely with department heads to develop realistic and achievable budgets. Developed and maintained financial models to support strategic decision-making and business planning.Cost-Saving Initiatives: Identified and implemented cost-saving opportunities across various departments, resulting in significant expense reductions.Variance Analysis and Strategic InsightsVariance Analysis: Conducted variance analysis to identify trends, risks, and opportunities, providing actionable insights to senior management.KPI Development and Tracking: Developed and tracked key performance indicators (KPIs) to measure financial and operational performance.

Riyadh, Saudi Arabia

Financial Planning and BudgetingDirected Budgeting Processes: Spearheaded comprehensive budgeting processes, overseeing financial planning and forecasting to optimize resource allocation and ensure financial stability.Annual Budget Oversight: Managed and monitored departmental budgets, ensuring adherence to financial goals and KPIs. Collaborated with department heads to align budgetary goals with company objectives.Performance Monitoring and Variance AnalysisKPI Monitoring: Developed and tracked key performance indicators (KPIs) to measure financial health and operational efficiency. Provided regular updates to senior management to support strategic decision-making.Variance Analysis: Conducted monthly variance analysis to identify discrepancies between budgeted and actual expenditures. Provided actionable insights and recommendations to management to address variances.Cost-Saving and Inventory Control InitiativesCost-Saving Initiatives: Led rigorous cost-saving initiatives, resulting in significant annual savings. Implemented process improvements and negotiated with vendors to reduce expenses without compromising quality.Inventory Control: Managed inventory control processes to optimize stock levels and reduce carrying costs. Implemented inventory management systems to enhance accuracy and efficiency.Financial Analysis and ReportingIn-Depth Financial Analysis: Conducted in-depth financial analysis, including budgeting, forecasting, and reporting. Prepared detailed P&L statements, ensuring accurate reflection of financial performance.Financial Reporting: Collaborated cross-functionally to streamline financial reporting and enhance transparency, facilitating informed decision-making at all levels.Capital Expenditure (CAPEX) ProjectsCAPEX Execution: Executed significant capital expenditures to support business growth and improve efficiency. Monitored and controlled CAPEX projects to ensure alignment with business objectives.

Alexandria, Egypt

Accounts Receivable ManagementInvoicing and Coordination: Managed accounts receivable processes, including issuing sales invoices and coordinating sales activities to ensure timely and accurate billing.Customer Payments and Reconciliation: Oversaw the posting of customer payments and reconciled customer accounts, maintaining accuracy and financial integrity.Banking OperationsDaily Deposits Verification: Confirmed daily bank deposits to verify financial transactions and maintain accuracy.Monthly Reconciliations: Conducted monthly bank reconciliations to ensure alignment between records and bank statements.Collection Transactions: Managed the posting and clearing of daily collection transactions, maintaining accurate financial records.Petty Cash ManagementInvoice Review and Posting: Reviewed and processed petty cash invoices, ensuring compliance with company policies and procedures.Daily Entries Management: Managed the posting of daily entries for petty cash holders, maintaining accurate financial documentation.Expense Analysis: Conducted monthly expense analysis to identify cost-saving opportunities and ensure budget adherence.Cash Flow Control: Controlled petty cash holders' cash flow, ensuring financial discipline and transparency.Sales and Inventory AnalysisSales Reporting: Prepared and distributed monthly sales reports, providing key insights into sales performance.Stocktaking Processes: Conducted stocktaking processes to monitor inventory levels and ensure the accuracy of financial records.Reward Systems Implementation: Calculated and implemented reward systems for the sales team to incentivize performance and achievement.Financial Reporting and AdministrationCollections and Treasury Reports: Prepared monthly reports for collections and central treasury, providing insights into financial activities.Payment Processing: Issued payments against recorded invoices, ensuring timely and accurate disbursement.

Alexandria, Egypt

Regulatory Compliance and Medicine RegistrationMedicine Registration: Managed the registration process for all new medicines with the Ministry of Health, ensuring strict compliance with regulatory requirements.Production and Quality ManagementExternal Production Oversight: Oversaw the production of finished goods through external factories, optimizing processes to ensure quality and cost-effectiveness.Quality Assurance: Implemented stringent quality control measures to maintain high standards in product manufacturing.Regulatory Compliance and Medicine RegistrationMedicine Registration: Managed the registration process for all new medicines with the Ministry of Health, ensuring strict compliance with regulatory requirements.Regulatory Coordination: Collaborated with regulatory bodies to stay updated on guidelines and ensure all products met the necessary standards.Production and Quality ManagementExternal Production Oversight: Oversaw the production of finished goods through external factories, optimizing processes to ensure quality and cost-effectiveness.Quality Assurance: Implemented stringent quality control measures to maintain high standards in product manufacturing.Sales and Distribution ManagementDistribution Cycle Management: Directed the sales distribution cycle through pharmacies, implementing strategic initiatives to expand market reach and enhance product visibility.Strategic Sales Initiatives: Developed and executed sales strategies to boost product visibility and market penetration.Inventory and Stock ControlStock Control Measures: Conducted rigorous stock control measures, minimizing inventory discrepancies and ensuring adequate supply levels.Supply Chain Optimization: Implemented inventory management systems to optimize stock levels and reduce wastage.