Mohammad H. Saffarini, CMA MBA

Experience

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  AL AMAR Saudi Trading Est

  Sept 1995 - Dec 1997

  General Accountant

  Responsible for branch accounts & Admin affairs.Following up on customers’ & suppliers’ accounts.Controlling stores inventory & Workshop orders

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  Emarat - Emirates General Petroleum Corporation

  Jan 1998 - Feb 2006

  Preparation of Capital Budget in coordination with the respective internal departments.Control the adherence to the budgetary limits, monitoring the capital projects and coordinating with departments whenever the commitments or expenditures exceed the sanction amount assigned to each project.Analyzing the “Assets under Construction” for the purpose of capitalizing assets (reviewing construction contracts, service work orders & purchase orders made for major capital jobs in coordination with Engineering Dept.Conduct physical assets verification of terminals, Head Office, central work shop, and retail outlets. Report findings to concerned departments to obtain approvals for Asset register amendments (transfer/ write off).Prepare budget depreciation forecasts based on fixed asset register and approved Capital Budget sanctions.Reconciliations, final closing & Year End reports.Achievements: Transition of 1.1B of Capital work in Progress into line item assets. Setup and follow up on financial accounts for two new joint ventures. Show less

  • Accounts Controller - Emoil & Emdad

    Oct 2004 - Feb 2006

  • Assets Accounts Supervisor

    Jan 1998 - Sept 2004
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  TDIC

  Mar 2006 - Dec 2012

  Primarily responsible for group accounts finalization, consolidation (group of 16 entities) and providing analytical & managerial support. Oracle Guide & supervise a team of 6 accountants on day-to-day operations. Review of monthly management reports furnished by respective finance managers of subsidiaries, associates & joint ventures. Acting as main focal point between finance and interdepartmental heads during the process of budget preparation (Capex & Opex). Liaising with external auditors/ internal auditors/ government auditors for quarterly review, year-end audit for the whole group.Consolidation of Financials on Monthly, quarterly & yearly basis (using “Oracle Hyperion Financial Management - Consolidation”, along with disclosures governed by IFRS in addition to analytical briefing. Show less Responsibilities include GL Review, posting, Costing, Purchasing, Payroll, Payables & Fixed Assets. Review of all GL postings, reconciliation, & Month end closing procedures.Maintain & update chart of accounts/ system setup as requirements arise.Coordinating with Government Departments with regards to government funds, Government/ Owners grants & Subsidized Government Projects.Achievements: Two international bond issue - preparation of "Management Discussion & Analysis" and “variance analysis" for subsequent audit comfort letters.Implementation of HFM – Consolidation tool.Create & maintain chart of accounts (COA) for Oracle Implementation. Successful rollout of “Al Bateen Wharf” Operations. Show less

  • Accounting Manager

    Jun 2011 - Dec 2012

  • Financial Controller - Al Bateen

    May 2010 - May 2011

  • Assistant Manager - General Accounting

    Mar 2006 - Apr 2010
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  Global Catering Services

  Jan 2013 - Feb 2016

  Group Finance Manager

  Primarily responsible for group accounts finalization, standalone & consolidation (group of 14 entities) and providing ad hoc analytical support. Quick Books Guide & supervise a team of 16 to maintain proper record keeping.Liaising with external/ internal auditors for reviews, year-end audits. Coordinating Treasury functions, movement of funds, credit facilities draw down timing and synchronizing the same with cash flow projections. Conducting due diligence concerning new acquisition/ joint ventures. Supervising transition of newly acquired entities to ensure smooth adaptation of group policies.Achievements: Implementation of group financial policies/ controls across entities.Introduced financial closing, reporting & analysis procedures.Chaired the Implementation of SAP. Show less

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  Al Khawarizmi International College

  Mar 2016 - Nov 2019

  Finance Director

  Responsible for group accounts finalization, reporting, standalone/ consolidation, fund management, ensure adequate controls in place, budgeting, re-forecasting, and cost reduction initiatives. Microsoft Great Plains Play a vital role as part of the executive leadership team in strategic decisions participation and policies setting. Oversee the day-to-day operations of finance department (team of 11).Forecast cash flow positions, related borrowing needs & available funds.Maintain bank relationships and ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.Chair the implementation of a new ERP (Oracle PeopleSoft). Achievements: Introduction of budgetary allocation & tracking system.Enhanced financial closing, reporting & analysis.Documented financial & accounting policies.Enhancement of cash flow management.Cost saving initiatives via utilizing efficiency of student/ faculty ratio.Improvement of cost structure towards variable costs vs. fixed costs. Show less

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  Global Air Navigation Services L.L.C.

  Dec 2019 - now

  Finance Director

  Responsible for division accounts finalization, financial reporting, standalone and consolidation, analytical & managerial support for informed operational decisions, manage funding, ensure proper controls and SOD’s are in place, budgeting, and re-forecasting. Oracle Play a vital role as part of the executive team involved in strategic initiatives. Interpret the company's financial results to executive management/ BOD and recommend actions based on thorough analyses of bottlenecks.Engage in new cost reduction initiatives in liaison with Operations.Oversee day-to-day operations of finance department (team of 8).Forecast cash flow position and related borrowing needs.Achievements: Enhanced financial closing, reporting, analysis & timing processes.(COSO - Internal Controls over Financial Reporting) successful and timely implementation of audit findings. Introduction and successful implementation of Finance Department job rotation and succession plan. Developed critical accounting reports to enhance monthly closing process. Show less