Waleed N Ghazi, SOCPA, CMA

Experience

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  KPMG

  Sept 2001 - Oct 2004

  Senior External Auditor

  Accomplishments- Handle special audit assignment which includes but not limited: cash fraud, Inventory assessment and evaluation- Assesses risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies and operational issues- Facilitate communication between audit teams and clients, maintaining strong relationships and open dialogue.- Prepare detailed audit reports summarizing findings and suggesting actionable improvements for management review. Show less

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  Petrolubes

  Dec 2004 - Dec 2006

  Senior Accoutant

  Main Accomplishments - The Ideal employee for outstanding performance in the year- Covert the financial statements from GAAPs to SOCPA standards

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  SABIC

  Jan 2007 - Dec 2009

  Senior Financial Analyst

  - Improve financial performance by analysing results; monitoring variances; identifying trends; recommending actions to management- Guides cost analysis process by establishing and enforcing policies and procedures; providing trends and forecasts; explaining processes and techniques; recommending actions.- Supported senior management with ad-hoc financial analysis and presentations for board meetings.

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  Maaden

  Jan 2010 - May 2019

  Designation Chronology: Oct 2017 - May 2019: Internal Audit ManagerApr 2016 - Sep 2017: Business Plan, Budgeting & Compliance Manager Accomplishments:•Instrumental in establishing the internal audit plan. Embedded agile auditing methodology & tools to provide stronger assurance. Committed to the internal audit manual approved by the Board of Directors & provided necessary reports.•Adopted an ethos of continuous improvement, process standardization and automation, which facilitated planning, budgeting and forecasting with greater speed, agility and foresight.Key Responsibilities:•Designed audit procedures of internal systems, policies and plans and procedures, laws and instructions that have a significant impact on the business and are implemented within the company. Reported to the Chief Audit Executive.•Led annual risk assessment, in line with Enterprise Risk Management & approved Audit policy and procedures.•Led the year-end closing procedures and quarter financial review.•Performed quality review of all scheduled audit projects in audit management software (Teammate) Show less Accomplishments and Responsibilities:•Led the business plan & budget process of CSS encompassing Ma’aden Corporate, MGBM, MIC, and IMC. Reported to CSS (Consolidated Shared Services) VP Finance.•Handled the annual business plan and budget presentation for management review and finalization.•Delivered monthly, quarterly & annual management performance reports/statutory report packs. Guaranteed timely MIS Financial Reporting, generating variance analysis on performance, financial position & key ratios.•Tracked internal audit findings and managed corrective actions to close. Catered to all General Audit of Bureau (GAB) requirements.•Provided insights into OPEX spend analytics and projections. Generated daily performance progress report VS target & monthly trend dashboards. Show less Accomplishments:•Transformed lagging financial systems into intelligent frameworks, resulting in streamlined revenues, operating expenses, and positive cash flows.•Supported Financial Controller with special projects and workflow process improvements such as Oracle Enhancements & Oracle Business Intelligence projects.•Successfully led the transmission project from Saudi Organization Certified Public Accountant (SOCPA) to International Financial Reporting Standards (IFRS).•Accredited with Performance award for extraordinary efforts and outstanding performance in 2014.Key Responsibilities:•Presided over day-to-day aspects of accounting operations to ensure finance and accounting activities, and ensured compliance with SOCPA and IFRS standards as practiced in Saudi Arabia. Reported to Financial Controller. •Ownership of managing CAPEX & OPEX in coordination with all concerned departments to facilitate business operations and achieve a satisfactory level of financial performance.•Collated the quarter & annual financial statements in audit format for both English & Arabic versions. Show less

  • Internal Audit Manager

    Oct 2017 - May 2019

  • Business Plan, Budgeting & Compliance Manager

    Apr 2016 - Sept 2017

  • Accounting & Reporting Supervisor

    Jan 2010 - Mar 2016
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  Al Waleed Consultancy

  Jul 2017 - now

  Financial Advisor
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  Saudia Dairy & Foodstuff Company (SADAFCO)

  Jun 2019 - Jul 2024

  Designation Chronology: Oct 2022 - Present: Associate Director Budgeting & Management ReportingJun 2019 - Oct 2022: Budgeting, Management Reporting Manager Accomplishments:• Support exciting transformation, expansion and modernization of the Company by enhancing the reporting systems which support strategic decision-making and thus aid in improving the company's profitability, sustainability and maximizing shareholders' wealth.• Optimized the Budgeting process by developing clear guidance, budget instructions, and automation of payroll costs calculation through the JAHIZ system.• Authored financial and accounting policies and procedures manual for the finance department in SADAFCO.• Functioned as the analytical engine of the Company, proffered data-driven insights to support optimal financial business decisions of the Executive Management through long-range plans, budgets & forecasts.• Served as a Trusted Advisor to the commercial team on business proposals and evaluations.• Leveraged finance competencies model as a fundamental tool for Individual Development Plan (IDP).Key Responsibilities:•Commanding the MLTP “Medium & Long-term Plan” budgeting process, reviewing and analyzing inputs received from all functions to ensure meeting the target for each key element in budget P&L. Reporting to the CFO.•Driving financial excellence and improvement of financial planning and analysis capabilities across Group entities. Controlling expenditures and engaging in ongoing cost reduction analyses in all areas of the company. •Enhancing the company’s profitability through analyzing SKUs' gross margin, along with providing corrective actions/ recommendations.•Partnering with the senior management team on maintaining the proper level of working capital as set by BoD. • Generating monthly, quarterly, and annual management reports being shared with Senior Management Show less Accomplishments and Responsibilities:•Headed the budgeting process, which included the development of the budget manual and templates, and the creation of tools to develop work plans. Reported to Chief Finance Officer.•Embraced data and analytics in conjunction with well-established planning and forecasting best practices, thereby enhancing strategic decision-making.•Owner of short- & long-term budgetary planning process, monitoring and controlling spending/expenditures while suggesting optimum measures to reduce expenses, determining budget variances, and reporting the same to management•Developed an accurate budget package as per the agreed timetable for senior management review and approval.•Produced financial information for the senior management & functional heads on cost, expenses, earnings, and forecasts.•Built, developed, and maintained data models, reporting systems, data automation systems, dashboards and performance metrics support that support key business decisions. Show less

  • Associate Director Budgeting & Management Reporting

    Oct 2022 - Jul 2024

  • Budgeting, Management Reporting Manager

    Jun 2019 - Oct 2022
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  Abdul Latif Jameel United Finance

  Jan 2025 - now

  Head of Budgeting and Reporting