Ashraf Maklad

Results-driven Finance Manager with over 13 years of cross-functional experience across Saudi Arabia, Germany, and Egypt. Proven expertise in financial controllership, FP&A, and business partnering, directing full-cycle accounting and IFRS-compliant financial reporting for entities exceeding USD 50M in revenue. Adept at navigating complex regulatory landscapes, ensuring 100% compliance with ZATCA, VAT, Corporate Tax, and Transfer Pricing.

Recognized for optimizing working capital, accelerating month-end close cycles, and championing ERP system implementations (SAP, Oracle, Dynamics 365). A strategic business partner with a history of steering zero-finding audits and delivering actionable financial insights to senior leadership to drive profitability and operational efficiency.

Financial Controller at Parts Europe GmbH (2025-01 – Present)

Directed end-to-end controllership and financial close processes for high-volume distribution operations

• Directed end-to-end controllership and financial close processes for high-volume distribution operations, ensuring strict adherence to German GAAP (HGB)
• Partnered with cross-functional leaders to provide actionable financial insights, steering critical operational and financial decision-making
• Fortified internal control frameworks, significantly mitigating financial risks and enhancing the reliability of corporate financial reporting
• Executed comprehensive variance analyses, identifying trends and performance gaps to drive targeted cost-reduction initiatives and boost overall profitability
• Collaborated with executive management to restructure costs and optimize supply chain financial efficiencies

Senior Controller at 3M (2024-01 – 2024-12)

Steered financial controllership during the strategic spin-off of the 3M Healthcare division

• Steered financial controllership during the strategic spin-off of the 3M Healthcare division, ensuring seamless business continuity and data integrity
• Consolidated and reconciled cross-border financial reports across US GAAP, HGB, and distinct corporate group standards
• Championed financial discipline across departments, partnering with senior stakeholders to enforce rigorous cost controls and budget adherence
• Formulated actionable balance sheet overviews and financial analyses, directly supporting executive-level strategic decisions
• Played a pivotal role in global finance transformation initiatives, establishing robust post-separation reporting structures and workflows

Finance Lead at Reichle & De-Massari (2018-06 – 2023-10)

Oversaw the end-to-end finance operations for the Saudi entity with revenues exceeding USD 50M

• Oversaw the end-to-end finance operations for the Saudi entity, supervising financial health for a business division with revenues exceeding USD 50M
• Spearheaded full-cycle financial planning, budgeting, and forecasting processes, aligning financial targets with corporate strategic goals
• Advised Sales and Supply Chain teams as a core business partner, shaping pricing strategies and cost optimization models that maximized profit margins
• Governed banking relationships and navigated complex internal and external audits, consistently delivering zero material findings through robust compliance frameworks
• Executed the seamless implementation of ZATCA e-invoicing (Phase 1 and Phase 2), guaranteeing 100% regulatory compliance with VAT, WHT, and corporate tax laws
• Optimized working capital cycles, accelerating accounts receivable turnover and significantly boosting corporate liquidity
• Administered import VAT and Reverse Charge Mechanism in strict alignment with Saudi customs and tax regulations

Accounting Supervisor at Aljabr Holding Company (2013-01 – 2018-05)

Managed daily accounting operations for a major business division generating over USD 150M in annual revenue

• Managed daily accounting operations for a major business division generating over USD 150M in annual revenue
• Mentored and developed a high-performing accounting team, successfully restructuring workflows to accelerate month-end closing timelines
• Supervised Accounts Payable (AP), fixed asset depreciation, and the preparation of comprehensive financial reports
• Overhauled inventory controls and internal audit protocols to systematically detect and eliminate stock and financial discrepancies
• Acted as a key functional user in corporate ERP transformation initiatives, enhancing data accuracy and systematic reporting capabilities

Accountant at Badr Supplies (2008-08 – 2012-04)

Spearheaded the rollout of standardized accounting practices and Point of Sale (POS) systems across multiple retail branches

• Spearheaded the rollout of standardized accounting practices and Point of Sale (POS) systems across multiple retail branches
• Executed the full accounting cycle, including general ledger maintenance, journal entries, and complex bank reconciliations
• Facilitated year-end audit preparations and formulated preliminary financial statements for management review

Bachelor of Commerce in Accounting & Finance – Alexandria University