Shaker Ashour Email & Phone Number

Makkah, Saudi Arabia

• Create a robust cash flow forecasting model to improve liquidity management and reduce the company’s reliance on external financing.• Formulate strategies to optimize cash flow, including managing receivables and payables.• Secure favorable terms with suppliers and customers to enhance cash flow stability and predictability.• Compile and deliver accurate and timely financial reports, including monthly, quarterly, and annual financial statements.• Enhance compliance and internal control frameworks, resulting in zero major audit findings for 3 consecutive years.• Track financial performance against budgets and forecasts, identify variances, and recommend corrective actions.• Deploy risk management strategies to mitigate financial risks and protect company assets.• Oversee the implementation of a new ERP system to improve financial reporting accuracy and operational efficiency.• Improve financial data analytics capabilities to provide real-time insights for decision-making.

Makkah, Saudi Arabia

• Managed and collected 2.9 million SAR outstanding with intercompany accounts over 3 years.• Secured a 3% discount on annual purchases from suppliers, resulting in a significant reduction in the cost of sales.• Increased Days Payable Outstanding (DPO) from 45 days to 80 days on average through effective supplier communication and management.• Reduced petty cash expenses by 35% through the implementation of an imprest petty cash system and enhanced internal controls.• Maintained the system of accounts and kept records of all company transactions and assets.• Decreased Days Sales Outstanding (DSO) from 70 days to 30 days.• Slashed SAR 400,000 per year in pool expenses by implementing a new strategy for in-house functional management.• Introduced and implemented benchmarks in the restaurant based on standards issued by the International Restaurant Operators Association.• Assisted the CFO with year-end closings and other financial reporting requirements.• Negotiated with suppliers to secure discounts and favorable terms, resulting in a significant reduction in the cost of sales.• Implemented and oversaw strategies to minimize operational expenses, such as in-house functional management.• Monitored and regulated petty cash expenses by utilizing an imprest petty cash system and enhancing internal controls.

Makkah, Saudi Arabia

• Successfully conducted variance analysis for inventory, identifying and addressing discrepancies to ensure accurate adjustments.• Achieved daily completion of cash and bank reconciliations, maintaining up-to-date subsidiary journals.• Ensured accuracy in financial transactions by reviewing and validating supplier invoices and purchase orders, implementing a robust 3-way match process in the procurement workflow.• Spearheaded the implementation and maintenance of a perpetual inventory management system, enhancing efficiency and accuracy compared to the previous periodic inventory system.• Pioneered the introduction of a gate pass system for inventory movement, streamlining processes and enabling daily reconciliation of inventory records.

Makkah, Saudi Arabia

Egypt

Egypt