Mohamed Ali

Aspiring finance director driven to develop a comprehensive understanding of financial strategic planning and analysis. Eager to apply a fresh analytical mindset and quantitative skills honed through +20 years of experiences supportive with professional certificates. Committed to contributing to financial stability and growth through data-driven decision-making and fiscal responsibility

Finance Director at ALKHALEEJ TRAININGAND EDUCATION (Nov-2022 : Present) - Riyadh, KSA

• Integrity with improving books with impact the correct borrowing rates of Leases under IFRS 16 which effected with pickup on profit by SAR 18M in RE.
• Compliance with financial regulations and internal policies, while proactively identifying and mitigating financial risks.
• Monitoring annual budgeting process and oversee the continuous forecasting practices to align financial resources with strategic business objectives.
• Lead the preparation and presentation of timely and accurate financial reports, including monthly, quarterly, and annual financial statements in accordance with applicable accounting standards – IFRS.
• Upgrading Finance policy & procedures in 2024
• Leading the ERP project of new system with MS dynamics 365 of Finance team
• Implement a new model in ECL provision calculation agreed by Auditors with considering microeconomic rates with effected by reversal provisions (Profit) by SAR 13M in 2023 & 2024
• Corrective action considering at revenue recognition in consumer training of Diploma courses with increase profit by SAR 6.5M
• Growth the Cash Conversion Cycle from 90 Days to 28 Days due to improving AR collection with clear action plan
• Collaborate with senior management to develop long-term financial plans that
• support the achievement of the company's goals and objectives.
• Support operational needs through effective financial management practices.
• Lead, mentor, and develop a high-performing finance team

• Effective control and accomplish on HR costs from 37% to be 30% with monitoring the hiring process at the hospital
• Analyze financial results and variances against the budget, providing insights and recommendations for improvement to executive leadership.
• Perform on SC cost from 20% to be 14% with observing and focusing on the consumables purchases 
• Apply a new system of PPE (CAPEX) management which valued EGP 600M
• Apply a type of financial risk assessment; It leads to determining some gaps in doubtful debt figure was not recognized by EGP 39M for the prior periods
• Got the best Manager at the first 3 months of hiring (Nov-2021) with perform 99% of PMS finance discipline score

• Recommending and enacting mitigating actions to address key financial risks at all regions mainly in Bank Facilities witch impact positively by 70%
• Implement & fulfill ERP Odoo system with 85% rate of whole software project in 5 months.
• Revive the Net working capital to be growth effect 40% weigh up with the prior year.
• Growth the CCC from 30 Days to be -10 Days due to get more credit period from valuable suppliers.

• Analyze the project wise profitability; it achieves more than 45% while analyzing at first year
• Monitor the Company’s profitability and liquidity which carried out from 22% to 34% EBITDA, from 38% to 46% Net Income collating between 2019 & 2020
• Build a new policy & procedures matched with company structures along with the related internal control that helped the finance team to subject more control by 93% in 4 departments
• Minimize the finance lease contracts of heavy equipment with low interest rate and save 35% of interest expenses.
• Contrive & execute ERP Focus system in 5 months.

• Minimizing financial risk to the Company in Collection of AR process mainly which achieved growth 68% in 2019 comparing by 2018
• Establish and maintain financial policies and procedures which help to achieve the working capital from 55% to 70%
• Growth-up the cash in-flow from 12% to 73%
• Internal Control and cost reduction of GA & SD Exp’s from 33% to 21% in 2019.

• Oversight on budget Vs actual with Planning director with accurate control by 97%
• Preparation of the financial statement and liaise with the external auditors with accurate 94%
• Preparation of Tax Returns
• Balanced a SAR 2.5M budget with regular cost saving 24% last 3 years
• Supervised accounting functions (GL, AP, AR, Payroll, Costing and CAPEX) to assure it achieves more than 95% of the applied policies
• Efficiency managed monthly closing
• Steering for spending adherence to budget and got the saving plan of expenditures by OMR 900K in GA
• Gives a strategic plan for opening new showrooms after applying the OGSM with focusing in revenue growth by 39% of baseline

Senior Bank Accountant at FIRST ARABIAN HOTELS AND RESORTS (Nov 2008 – Oct 2009) - Egypt

Senior Accountant at T3A INDUSTRIAL (May 2004 – Oct 2008) - Egypt

Bachelor of Accounting – Assiut University 2003

Certified Treasury Professional (CTP) – Jun 2018

Certified Financial Management Professional (CFMP) – Dec 2019

Financial Forecasting with Big Data – Mar 2021

Financial Modeling Foundations – Mar 2021

Corporate Financial Statement Analysis – Feb 2022