YK

Yasser Kassem

Chief Financial Officer at Elmac Co. (One of Bintami Group Companies)

Riyadh, Saudi Arabia

Work Experience

  • Chief Financial Officer

    Elmac Co. (One of Bintami Group Companies)

    May 2017 - Present -8 yrs, 2 months

    Saudi Arabia

    • Job Details:Managed daily finance services for smooth business operations. Reviewed bookkeeping and management accounts to achieve clear and correct reports. Oversaw financial reporting processes, maintaining accuracy and compliance with regulatory standards. Managed timely and accurate reporting of various financial transactions and information for detailed analysis. Managed cash flow and liquidity, mitigating financial risks and ensuring stability. Created and presented accurate, detailed financial forecasts. Analyzed financial performance to implement key improvement strategies. Directed budgeting and forecasting activities to align financial goals with organisational objectives. Monitored and reviewed financial controls, processes and procedures to enable best practice development. Finalised VAT returns with rigorous transaction checks. Forecasted trends and interpreted cash flows to reliably inform business decisions. Developed thorough forecasting and cash-flow management processes to maximise progression and profitability. Consolidated comprehensive management accounts, integrating income statements, cashflow and balance sheets. Delivered regular management reporting and supervised quarterly tax calendar. Administered payroll processes for accurate, timely salary disbursements.
  • Internal Audit Director

    Bin Tami Holding Co.

    Jan 2014 - May 2017 -3 yrs, 4 months

    Saudi Arabia

    • Job Details:Maintained KPI reporting tools for accurate, up-to-date financial data for decision-making. Oversaw audits to collate accurate data and recommend constructive improvements. Developed strategies to increase profits and cost savings. Secured new clients and supported B2B business development. Harnessed data visualisation to drive insights through management reporting. Analyzed established fiscal parameters and organisational needs to develop approved annual budget. Conducted thorough systems review and implementation analysis to evaluate options and timeframes. Contributed to hiring process by interviewing applicants and making recommendations for best-suited candidates. Designed dashboards to enhance business intelligence and KPI reporting. Recruited high-achieving team members for enhanced department performance. Prepared client quotes and invoicing to create stable cash flow. Created analytical framework for identifying and developing financial growth opportunities. Strategised and led financial planning and operations for businesses. Drew up annual internal audit plan based on key risks and strategies. Installed internal controls and set up standard procedures for business accounting systems. Verified implementation of controls through testing and interacting with relevant company staff. Shaped internal audit strategy and methodology to meet company goals. Updated senior leaders regularly, reporting significant internal control issues. Conducted regular reviews and official audits to validate recordkeeping and controls. Undertook continuous monitoring to drive improvements. Trained new employees on accounting principles and company procedures. Compiled financial data for business forecasting and budgeting. Reported on control deficiencies to management and made recommendations to mitigate risk and add value. Carried out spot checks on physical stock, trade debtors and key areas to identify and resolve issues. Analyzed budgets and financial projections for accurate reporting of company performance. Managed end-to-end audit process from scoping to fieldwork and report writing. Coached internal audit team to achieve targets and fulfil deadlines. Assessed accounts and accounting systems in cases of alleged criminal activity. Managed financial updates, watch lists and insurance files. Kept up-to-date with latest computer-assisted audit techniques (CAATs) and data analytics. Reviewed and certified official financial statements for presentation to shareholders and governing bodies.
  • Head of Accounting

    Bin Tami Holding Co.

    Aug 2010 - Jan 2014 -3 yrs, 5 months

    Saudi Arabia

    • Job Details:Prepared monthly bank reconciliations and compiled reports for financial reviews. Reviewed and processed employee expense reports and vendor invoices for payment. Maintained integrity of general ledger, including chart of accounts. Checked and imported payroll and pension data to pay salary deductions. Analyzed monthly balance sheet accounts for corporate reporting. Created periodic reports comparing budgeted costs to actual costs. Created quarterly and yearly balance sheets to track financial trends and performance. Prepared VAT and income tax forms for commercial and individual clients. Advised management on financial details related to business operations, inventory levels and budgets. Accurately documented all cash, credit, fixed assets, accrued expenses and line of credit transactions. Analyzed budgets and financial projections for accurate reporting of company performance. Trained new employees on accounting principles and company procedures. Conducted regular reviews and official audits to validate recordkeeping and controls. Performed periodic expense variance analysis between budget, forecast and actual amounts. Resolved reporting errors by conducting investigations and amending accounting entries in line with regulations. Analyzed monthly reporting to reconcile production operations and general ledger. Managed financial updates, watch lists and insurance files. Reconciled accounts from income and expense data to net worth and assets. Resolved invoice coding and tracked recurring expenses for accrual entry. Installed internal controls and set up standard procedures for business accounting systems. Reported suspicious transactions and unusual account activity to appropriate escalation channels. Guaranteed compliance of accounting activities with government regulations by performing audits. Assisted with developing and ongoing control of costing and pricing systems for business goods. Filed tax returns and prepared governmental reports in compliance with strict standards.
  • Head of Accounting

    Kazrouni Company

    Jan 2006 - Aug 2010 -4 yrs, 7 months

    Egypt

    • Job Details:Prepared monthly bank reconciliations and compiled reports for financial reviews. Reviewed and processed employee expense reports and vendor invoices for payment. Maintained integrity of general ledger, including chart of accounts. Checked and imported payroll and pension data to pay salary deductions. Analyzed monthly balance sheet accounts for corporate reporting. Created periodic reports comparing budgeted costs to actual costs. Created quarterly and yearly balance sheets to track financial trends and performance. Prepared VAT and income tax forms for commercial and individual clients. Advised management on financial details related to business operations, inventory levels and budgets. Accurately documented all cash, credit, fixed assets, accrued expenses and line of credit transactions. Analyzed budgets and financial projections for accurate reporting of company performance. Trained new employees on accounting principles and company procedures. Conducted regular reviews and official audits to validate recordkeeping and controls. Performed periodic expense variance analysis between budget, forecast and actual amounts. Resolved reporting errors by conducting investigations and amending accounting entries in line with regulations. Analyzed monthly reporting to reconcile production operations and general ledger. Managed financial updates, watch lists and insurance files. Reconciled accounts from income and expense data to net worth and assets. Resolved invoice coding and tracked recurring expenses for accrual entry. Installed internal controls and set up standard procedures for business accounting systems. Reported suspicious transactions and unusual account activity to appropriate escalation channels. Guaranteed compliance of accounting activities with government regulations by performing audits. Assisted with developing and ongoing control of costing and pricing systems for business goods. Filed tax returns and prepared governmental reports in compliance with strict standards.
  • Education

    • Bachelor's Degree in Financial Accounting

      Port Said University (PSU)

      Jan 1999 - Jan 2003 - 4 yr

    Skills

    View More

    Languages

    • Arabic

      Fluent
    • English

      Intermediate
    Share this Profile