Sumaya Alsayed, CPA, CIPA, MBA

Experience

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  EY

  Sept 2006 - Jul 2008

  Engagement Auditor
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  ProCapital Associates

  Aug 2008 - Jun 2010

  Head of Accounts & Operations
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  Olive VFM Holding Company

  Jun 2010 - Mar 2012

  Management Reporting Specialist
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  Tadhamon Capital

  Mar 2012 - Sept 2014

  Principal - Financial Control

  ★ Prepared financial statements, issued budget and management reports, and approved daily transactions while ensuring accurate accounting treatments. ★ Played a key role in updating policies and procedures and coordinated with external auditors for reporting requirements and compliance with Central Bank of Bahrain.

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  Olive VFM Holding Company

  Dec 2015 - Oct 2016

  Head of Finance

  ★ Implemented and maintained monthly management reports across a group of 4 companies, modernizing financial tracking and performance evaluation.★ Collaborated with staff in producing annual budget across group and monitored project progress, bolstering adherence to planned financial targets.★ Appointed as board secretary; recorded and maintained minutes for board of directors' meetings and managing all major corporate documents and official records.

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  Royal University for Women

  Nov 2016 - May 2022

  Finance Senior Manager

  ★ Optimized ERP system, achieving integration with other departments, primarily registration department, facilitating 100% accurate sub-ledgers and real-time aging reports.★ Completed VAT registration with National Bureau for Revenue, set up VAT implementation in ERP, and orchestrated timely submission of VAT returns, lowering potential penalties by 80%. ★ Spearheaded cost-cutting measures that improved financial performance, yielding increased overall efficiency and 30% reduction in operational expenses. Show less

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  Bapco Tazweed

  May 2022 - Apr 2023

  Head of Finance

  ★ Managed transactions worth $10M monthly, achieving high accuracy and guaranteeing swift completion.★ Streamlined month-end closing process by coordinating financial plans, reviewing payment transactions, and resolving key issues, leading to substantial decline in closing time.★ Delivered accurate monthly financial reports to top management and board of directors, presenting in-depth financial analysis, improving strategic decision-making.★ Uncovered and resolved audit gaps by reviewing and amending policies and procedures, steering 50% reduction in risk and improved compliance. Show less