Mohammed Besada

Experience

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  Al Tamimi Group of Companies

  Jul 2002 - Jul 2005

  General Accountant

  I monitored accounting functions, reconciling accounts, managing AP and AR, and ensuring the accuracy of transactions.

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  Shoaibi Group “General Technology Co., Saudi Commercial Import Corporation & Masaken

  Jul 2005 - Dec 2005

  Accountant, Trading & Services Business with Saudi Aramco

  I oversaw books for three companies, managing working capital, preparing periodic reports, and developing and managing budgets

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  Shoaibi Group Saudi Bea Fasteners Manufacturing Co. Ltd., Saudi Petrol Valves Co. & Integrated Elect

  Jan 2006 - Jun 2007

  Senior Accountant, Manufacturing & Trading Business

  I directed financial management functions, developing periodic financial statements, forecasts, and budgets, oversaw general accounting functions, including AR/AP and account reconciliation, and supervised the payroll process.Key Accomplishments:• Managed and conducted all employee-related accruals as end of service indemnities, vacation payments, and other appropriate categories.• Led strategic growth initiatives, integrating new applications, managing working capital, and controlling inventory.• Prepared reports and documentation, including contribution statements, monthly account closings, and gross margin statements.• Compiled information for Zakat, tax returns, and filling, preparing schedules and depreciating accounts.• Conducted variance analyses comparing income statements to forecasts, comparative figures, and monthly trends.• Effectively collaborated with external auditors during annual and interim audits. Show less

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  Saudi Bea Manufacturing

  Jul 2007 - May 2012

  Chief Accountant, Manufacturing & Retail Business

  I directed financial management functions, developing periodic financial statements, forecasts, and budgets, oversaw general accounting functions, including AR/AP and account reconciliation, supervised payroll process, and managed the stock control team.Key Accomplishments:• Monitored performance, conducting surprise visits to showrooms and warehouses and identifying root causes of stock variances and errors; supervised annual stock counts.• Led process improvements, developing and implementing procedures with stock control team, sales team, and IT to reduce stock discrepancies.• Oversaw balanced score card of operations team, including quality control, production, warehousing, and logistics for both eastern regional facilities; monitored product cost for both facilities.• Created Item Codes for more than 3000 inventory items during implementation of POS system. Show less

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  Masdar Technical Supplies

  May 2012 - Sept 2012

  Chief Accountant, Manufacturing & Trading Business

  I directed financial management functions, developing periodic financial statements, forecasts, and budgets, producing group consolidated accounts, and reporting monthly financials. I also managed and planned cash flows.Key Accomplishments:• Provided financial variance analyses between forecasted and actual expenses, enabling management to make effective decisions.• Served as subject matter expert (SME) for SAP implementation of FICO and PP modules.• Supervised accounting department of eastern subsidiary; • Developed control procedures to ensure accuracy of financial reports and directed team of eight accountants in preparation of accurate financial reports.• Aligned intercompany cost allocations with management agreements and intercompany transfer and sales pricing policies. Show less

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  Masdar Technical Sevices for Industry/Technical Supplies Factory

  Sept 2012 - Dec 2018

  Operations Manager

  I hold overall responsibility for production facilities, managing a team of 100 employees, setting and implementing departmental policies, goals, objectives, and best practices. I supervise accounting function for facilities.Key Accomplishments:• Negotiate cost-effective contracts, ensuring that they balance value and risk, working in collaboration with CFO and multiple managers to meet capacity and capability goals.• Ensure compliance with all environmental health and safety goals and objectives, as well as ISO standards and procedures.• Set up factories according to Aramco standards, developing and upgrading production departments as needed.• Lead process improvements, expanding product and service range to enable sales team to expand market share, topline, and competitiveness Show less

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  Confidential (In stealth mode)

  Dec 2018 - now

  Chief Accounting Officer (CAO)

  Established and directed Accounting & financial management functions, developing periodic financial statements, forecasts, and budgets, producing group consolidated accounts, and reporting monthly financials. Managed and planned cash flows.Key Accomplishments:• Established the accounting function for two companies, “startups”, and developed control procedures to ensure accuracy of financial reports.• Aligned intercompany cost allocations with management agreements.• Monitored and analyzed accounting data and produced financial reports.• Manipulated large amounts of data with the IT & Business Analysis Teams.• Managed all accounting operations including Billing, A/R, A/P, GL, and Revenue Recognition & Validation.• Prepare and publish timely monthly financial statements.• Researched technical accounting issues for compliance.• Managed and complied with local VAT reporting requirements.• Managed vendor relationships.• Set up and oversee the company’s finance IT system.• Partnered with the CFO to determine accounting and tax implications for all material business decisions.• Managed companies’ banking relationships and financial requirements• Collaborated and contributed to the Senior Leadership Team to improve company performance.• Provided financial variance analyses between forecasted and actual expenses, enabling management to make effective decisions.• Directed the accounting team in preparation of accurate financial reports. Show less