Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic

SAID AL RASHDI

Muscat

Summary

Accomplished professional with expertise in financial analysis, budgeting and forecasting, and financial reporting. Demonstrates strong strategic planning and risk management capabilities, coupled with exceptional team leadership and management skills. Adept at relationship management, compliance and regulatory knowledge, negotiation skills, decision making, and project management. Committed to driving organisational success through meticulous financial oversight and strategic initiatives.

Overview

22
22
years of professional experience
2010
2010
years of post-secondary education

Work History

Head of Financial Controlling

Salam Air
12.2024 - Current
  • Provide leadership across key finance functions—including Accounts Payable, Accounts Receivable, Tax, Treasury, and General Accounting and ensuring strategic alignment with organizational objectives by setting clear objectives, delegation, ensuring accountability and support professional development.
  • Oversee daily cash positioning and lead the development of weekly cash flow forecasts to support both operational needs and long-term strategic planning.
  • Manage complex financial arrangements with aircraft lessors, ensuring timely lease payments, maintenance reserves, and security deposit settlements in full contractual compliance.
  • Collaborate with internal and overseas teams to address operational finance issues, maintaining consistency and accuracy in all outstation transactions.
  • Ensure full adherence to the Delegation of Authority framework, tax regulations, corporate governance, and both internal and external audit requirements and facilitate internal and external audits by ensuring prompt delivery of documentation and addressing audit findings effectively.
  • improve process optimization by continuously improving internal processes across all financial workflows. updating of accounting policies and procedures to ensure regulatory compliance and operational efficiency.
  • Identify and mitigate financial risks such as fuel procurement, and foreign exchange exposures.
  • Lead the timely and accurate completion of month-end closing processes, including accruals, provisions, and necessary adjustments and support departmental budget controls by monitoring actuals against forecasts.
  • ensuring proper filing, reconciliation, and refund processes in collaboration with tax consultants and authorities.

Finance Senior Manager

Oman Air
01.2021 - 12.2024
  • Provided oversight for two key sections within the department, managing a team of 50 employees across critical operational areas to ensure streamlined processes and efficient management
  • Demonstrated expertise in expense management by leading the control and processing of approximately 70% of the company's expenses, ensuring adherence to contractual terms, conditions, and rigorous compliance with company policies
  • Actively engaged with major suppliers, establishing robust communication channels and conducting proactive negotiations during periods of financial strain to safeguard the company's financial stability and prevent service disruptions or late payments
  • Efficiently managed personnel, processes, and overall improvements to optimize departmental output and mitigate risks within allocated resources
  • Controlled costs and diligently prepared periodic financial performance reports for executive management review
  • Conducted thorough financial risk analyses to forecast trends and recommend strategic enhancements
  • Ensured timely completion of all activities and transactions, facilitating seamless book closure at month-ends and reporting periods
  • Conducted meticulous review, tracking, and analysis of financial statements against forecasts to produce insightful high-level variance analyses
  • Streamlined operations by introducing efficient resource management strategies.

Finance Manager

Oman Air
01.2018 - 01.2021
  • Proactively manage accounts payable and outstation finance activities, overseeing both operational and staff-related aspects
  • Collaborate with commercial and operational departments to ensure the smooth functioning of operations in outstations, particularly concerning daily financial operations
  • Established the finance outstation department, enhancing operational efficiency and financial oversight
  • Expertly resolved numerous pending unreconciled accounts, each with balances in the millions OMR, contributing to financial accuracy and integrity
  • Conducted a comprehensive review of hundreds of contracts, recommending improvements based on financial risk analyses, resulting in substantial cost savings in the millions OMR
  • Revamped the cash forecast process, optimizing cash management through close collaboration with the treasury team
  • Implemented a modernized payment system (online payments) to replace outdated manual methods, significantly improving vendor fund disbursements, reducing errors and optimizing resource allocation
  • Ensure timely processing of various payments, including ICH payments, lease payments, fuel payments, airport authorities charges, navigation charges, taxes, payroll, duty travel, education allowances, and other employee-related disbursements, in accordance with company policies and procedures
  • Review and authorize transactions across accounts payable, treasury, taxation, and other relevant areas for outstation finance
  • Uphold strict adherence to financial controls and risk procedures in accounts payable and outstation finance, aligning practices with company policies
  • Address statutory, state audit, and internal audit reports related to accounts payable and outstations, implementing corrective actions to prevent recurring issues
  • Prepare and present financial reports to support comprehensive investigations as required
  • Conduct training sessions for new and existing staff members on various financial procedures to ensure proficiency in job responsibilities
  • Explore and implement software integration solutions to streamline accounting and financial processes for improved efficiency

Assistant Finance Manager

Oman Dry, Dock
01.2010 - 01.2018
  • Oversee the management of the Accounts Payable Section, including both operational and staff-related responsibilities
  • Establish and refine procedures for the payment process concerning materials and services, ensuring efficiency and accuracy
  • Serve as the primary liaison for both external and internal auditors, facilitating their requests and ensuring compliance with audit requirements
  • Define goals, responsibilities, and authorities for team members, actively ensuring the achievement of objectives through ongoing performance appraisal and feedback
  • Obtain necessary approvals for contracts, engaging in negotiations with suppliers and contractors to secure the provision of company goods and services
  • Conduct comprehensive reviews of company policies, processes, and procedures in collaboration with stakeholder departments, implementing and coordinating the adoption of new protocols
  • Offer recommendations for process improvement based on identified areas of enhancement
  • Assess contracts before approval by the Internal Tender Committee, providing financial guidance and advice to contract owners and end-users to ensure alignment with company objectives and financial considerations

Senior Accountant

Royal Court Affairs
01.2005 - 01.2008
  • Managed financial operations and reporting, ensuring accuracy, compliance and efficiency in accounting processes

Accountant

Oman Flour Mills Company
01.2003 - 01.2005
  • Handled diverse accounting duties, including financial reporting, analysis, and transaction management, contributing to the company's financial integrity and operational success

Education

Master - Accounting

Murdoch University
Perth, Western Australia

BSc - Commerce & Economics, Accounting

Sultan Qaboos University

Skills

  • Financial Analysis
  • Budgeting and Forecasting
  • Financial Reporting
  • Strategic Planning
  • Risk Management
  • Team Leadership and Management
  • Relationship Management
  • Compliance and Regulatory Knowledge
  • Negotiation Skills
  • Decision Making
  • Project Management

Accomplishments

  • Established the finance outstation department, enhancing operational efficiency and financial oversight.
  • Expertly resolved numerous pending unreconciled accounts, each with balances in the millions OMR, contributing to financial accuracy and integrity.
  • Conducted a comprehensive review of hundreds of contracts, recommending improvements based on financial risk analyses, resulting in substantial cost savings in the millions OMR.
  • Revamped the cash forecast process, optimizing cash management through close collaboration with the treasury team.
  • Implemented a modernized payment system (online payments) to replace outdated manual methods, significantly improving vendor fund disbursements, reducing errors and optimizing resource allocation.
  • Ensure timely processing of various payments, including ICH payments, lease payments, fuel payments, airport authorities charges, navigation charges, taxes, payroll, duty travel, education allowances, and other employee-related disbursements, in accordance with company policies and procedures.
  • Review and authorize transactions across accounts payable, treasury, taxation, and other relevant areas for outstation finance.
  • Uphold strict adherence to financial controls and risk procedures in accounts payable and outstation finance, aligning practices with company policies.
  • Address statutory, state audit, and internal audit reports related to accounts payable and outstations, implementing corrective actions to prevent recurring issues.
  • Prepare and present financial reports to support comprehensive investigations as required.
  • Conduct training sessions for new and existing staff members on various financial procedures to ensure proficiency in job responsibilities.
  • Explore and implement software integration solutions to streamline accounting and financial processes for improved efficiency.

Timeline

Head of Financial Controlling

Salam Air
12.2024 - Current

Finance Senior Manager

Oman Air
01.2021 - 12.2024

Finance Manager

Oman Air
01.2018 - 01.2021

Assistant Finance Manager

Oman Dry, Dock
01.2010 - 01.2018

Senior Accountant

Royal Court Affairs
01.2005 - 01.2008

Accountant

Oman Flour Mills Company
01.2003 - 01.2005

BSc - Commerce & Economics, Accounting

Sultan Qaboos University

Master - Accounting

Murdoch University

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