Majed Binsumidea is a results-driven Chief Accountant, SOCPA Fellow, and CMA-certified professional with over nine years of progressive experience in financial management, IFRS & SOCPA-compliant reporting, budgeting, forecasting, cash flow management, tax compliance, and large-scale ERP transformation. His expertise spans from end-to-end financial governance to strategic investment oversight, making him a trusted financial leader for organizations operating in complex, high-standards environments.
Chief Accountant Leadership at Masarrah Investment Company
Service as Chief Accountant at Masarrah Investment Company places Majed at the center of sophisticated financial operations, where he oversees full-cycle accounting processes, monthly and annual closing, Zakat & VAT compliance, and comprehensive financial reporting aligned with IFRS and SOCPA standards. He provides executive management with actionable insights through executive financial reports, strategic cost analysis, and financial recommendations that support informed decision-making and drive organizational performance.
During his career, Majed monitors diverse investment portfolio activities including BOOTs, IPOs, listed shares, and related financial reporting, while supervising financial aspects of M&A transactions through due diligence coordination, valuation analysis, and comprehensive financial review. His ability to translate complex investment data into clear strategic guidance demonstrates sophisticated financial acumen combined with executive communication skills.
ERP Transformation and Process Optimization Excellence
Majed brings proven expertise in ERP transformation and accounting systems across Oracle, Odoo, and Microsoft Dynamics platforms. His leadership in financial system improvement initiatives helps organizations enhance reporting accuracy, strengthen internal controls, improve operational efficiency, and drive systematic cost optimization. His systematic approach ensures that technology investments translate into measurable business improvements and sustainable operational gains.
His technical proficiency in ERP systems, combined with deep accounting knowledge, enables him to bridge the gap between finance and information technology, ensuring that financial systems are optimized for accuracy, compliance, and strategic decision support.
Investment Oversight and M&A Financial Supervision
Majed’s unique capability in monitoring investment portfolio activities and supervising M&A financial transactions sets him apart in the investment sector. His experience with BOOT (Build-Own-Operate-Transfer), IPOs, and listed shares requires sophisticated financial analysis, regulatory compliance, and strategic reporting capabilities. His work ensures that investment activities align with organizational objectives while maintaining full regulatory compliance and transparency.
SOCPA Fellowship Training and Professional Development Leadership
Beyond professional practice, Majed serves as an Accounting Trainer for SOCPA fellowship candidates, delivering specialized training in financial accounting and reporting standards. He explains IFRS, SOCPA standards, financial statements, and accounting concepts through practical examples and case-based learning, preparing trainees for exam success and professional application.
His training approach emphasizes real business scenarios, journal entries, and financial reporting applications, ensuring that candidates develop both theoretical knowledge and practical skills. Majed evaluates trainee performance and provides personalized guidance to improve accuracy, understanding, and professional application, demonstrating his commitment to developing the next generation of Saudi finance professionals.
Progressive Career Foundation Across Corporate Finance
At Almutlaq Group, Majed served as Senior Accountant while simultaneously delivering specialized SOCPA fellowship training, demonstrating his ability to balance professional practice with knowledge sharing. His responsibilities included preparing training materials, practice questions, and revision summaries aligned with SOCPA exam requirements, while conducting interactive sessions focused on real business scenarios and financial reporting applications.
Earlier as Accountant at Alkhorayef Printing Solutions, Majed handled daily accounting operations including accounts payable, accounts receivable, journal entries, and general ledger transactions. He prepared bank, supplier, customer, and intercompany reconciliations, assisted with financial statement preparation, and supported internal and external audit requirements. His contributions to accounting process improvements enhanced reporting accuracy, documentation quality, and workflow efficiency, establishing the foundation for his leadership capabilities.
World-Class Education and Elite Professional Credentials
Majed holds a First-Class Honours degree in Accounting from King Saud University, where he studied core business administration areas including management principles, organizational behavior, marketing, accounting, finance, economics, human resources, and strategic management. His academic excellence established the foundation for his professional career and demonstrated exceptional analytical and leadership capabilities.
His elite professional credentials include SOCPA Fellowship, Certified Management Accountant (CMA) from the Institute of Management Accountants (USA), and Financial Fraud Examiner (FFE) certification from SOCPA. These certifications validate his expertise in financial management, regulatory compliance, fraud prevention, and strategic accounting leadership.
Core Competencies Driving Financial Excellence
Majed masters IFRS Reporting, SOCPA Standards, Financial Analysis, Budgeting & Forecasting, Cash Flow Management, Zakat & VAT Compliance, Cost Optimization, ERP Systems, M&A Financial Supervision, Audit Support, and Team Leadership. His comprehensive skill set enables him to address complex financial challenges with strategic insight and operational precision.
Recognized Leadership by The Arab Leaders The Arab Leaders proudly recognize Majed Binsumidea for his outstanding contribution to financial excellence, accounting education, and the advancement of strong financial governance in Saudi Arabia. His blend of technical expertise, analytical thinking, regulatory knowledge, and leadership continues to shape the modern finance profession.
