Tarek Walid M Alghalayini

Led the financial planning and budgeting process, resulting in a more than 20% increase in profitability through meticulous cost management and revenue optimization. • Supervised the financial and administration teams, achieving a tangible improvement in productivity by implementing new financial software and streamlining processes. • Initiated a comprehensive risk management strategy that mitigated potential financial risks, protecting the company's assets and ensuring financial stability. • Ensured full compliance with IFRS and tax laws during the running of the business financials. • Continuously monitored and controlled cash flow. • Developed long-term business plans based on aforementioned reports and monitored the company’s actual performance against the planned plans. Periodically prepared the financial reports to management and stakeholders. • Used to achieve the issuance of financial statements ahead of schedule in liaison with external auditors. • Led the negotiations with banks concerning credit facilities, LCs LGs, etc. • Optimized the workflow efficiency of the account payables, account receivables, cash management and GL. • Established and maintained financial policies and procedures for the company. • Managed the monthly and year-end closing.

Managed all accounts payable functions including payments, accounts and supplier reconciliations. • Prepared the annual TV rights budget which was exceeding QAR 2 billion. • Managed the planning of taxes in addition to WHT & VAT. • Responsible for employees’ payroll and benefits using WPS. • Processed all overseas bureau payments and subsidiaries. • Managed critical issues such as TV-right contracts and TV guest-related payments. • Participated in the implementation of the ERP system of UK and Asia offices by testing and implementing the Rights and Accounts Payable Modules. • Developed managerial reporting and directly reported to the Board Chairman. • Provided recommendations to top management to help in the making of informed decisions. • Liaised with governmental parties like the Ministry of Finance, Retirement Department and courts. • Led on all financial issues related to general services such as guest residencies, hotels, car rentals and travel. • Analyzed complex financial data to determine past financial performance to project financial probabilities. • Led the process of development of the existing ERP System, through several proposals for the addition of features such as linking advance payment to purchase order, differed option feature and E-remittance feature. • Responsible for auditing and approving daily transactions with an average of 177. Total of 33,000 yearly transactions. • Monitored, identified, and communicated over-expenditures resolving funding shortfalls. • Developed, analyzed and interpreted statistical and accounting data to appraise operational results in terms of profitability, performance against budget and other matters that impact fiscal soundness and operating effectiveness. • Led the improvement of the implementation process of payments to freelancers. • Reviewed, revised and upgraded subordinate reports and furnished financial reports to external parties. • Evaluated and recommended the appropriate values for insurance coverages to ensure protection against property losses and potential liabilities. • Established and managed fixed assets section by creating a system to track, control, maintain and dispose of Al-Jazeera English Channel Fixed Assets (Value of QAR 900 million) leading to a 10% improvement in asset utilization. • Health and Life Insurance Committee member. • Tender committee member for evaluation of tenders that exceed QAR 2 million in value.

Succeeded in reducing long-term debts by USD 5.2 million through hard negotiations with creditor banks at Amman Surgical Hospital. • Maintained and ensured timely closing of the Chart of accounts structure to produce monthly operating reports. • Managed the year-end closing process and coordinated with the auditors for the interim and year-end audit reports. • Continuously monitored and controlled cash flow. • Implemented the set-up of the ERP system for all modules, incorporating the cost and profit centers. • Prepared the annual budgets and forecasts of future financial performance. • Monitored, analyzed and evaluated actual performance against the target budget and advised on improving the financial performance. • Administered fixed assets labelling, coding structure, master list, linkage with business units, location and employees, physical check and all related issues. • Upgraded, redesigned and vitalized the internal control system. • Conducted feasibility studies and issued relevant recommendations for informed decision-making. • Liaised with banks and other financial institutions to optimize financing requirements and negotiate facilities/loan terms and conditions. • Initiated a comprehensive and effective financial system for the newly established Consulting Public Shareholding Hospital. • Succeeded in providing suitable sources to finance establishing the Consulting Hospital to meet the shareholders’ expectations through conducting negotiations with bankers and local & foreign investors. • Prepared, allocated and managed an operating and capital budget of USD 30 million for the Consulting Hospital. • Initiated 3 major lease or buy-studies and recommended changes that resulted in savings of more than USD 200 thousand at Amman Surgical Hospital. • Evaluated the financial performance of the hospital periodically in terms of profitability, liquidity, leverage and efficiency. • Led the establishment of policies and procedures to protect resources against waste, fraud and inefficiency. • Ensured the reliability and accuracy of the computerized information system.-