CFO
IICO
Total years of experience :25 years, 11 Months
Highlights:
• A key member of the leadership team of a fast-growing brand (grew the number of stores from 32 stores to 72 stores in 18 months).
• Efficiently led 5 years strategic planning process resulting in senior executive sign-off of stores & brand investing strategy.
• Reviews loss-making stores and recommended changes to improve the profit.
Responsibilities:
• Provide financial leadership to the group in 7 markets and support the leadership team in executing the business strategies while providing financial advice to achieve company goals.
• Develop financial strategies, objectives, policies and procedures with a primary focus on establishing internal controls.
• Provide strategic recommendations and financial advice to the CEO/President and members of the executive management team.
• Develop annual budget, control income, cash flow and expenses; establish guidelines for budgeting & forecasting; review company bottlenecks & recommend changes to improve the overall level of company throughput.
• Lead the annual and quarterly planning and re-forecasting process; supervise the preparation of the management accounts, financial forecasting and budgeting as per company business processes.
• Oversee the investment of funds, identify and manage associated risks, supervise cash management activities, and execute capital-raising strategies to support the company’s expansion plans.
• Develop and maintain robust business financial governance and controls to monitor and analyze the organization's financial performance in meeting financial and overall business goals and objectives.
• Supervise the payments for all invoices approved by company management within the defined matrix of authority.
• Manage costing, track capital expenditures and ensure costs are appropriately allocated as budgeted.
• Ensure that critical financial analyses are performed to determine the present and forecasted financial health of the company; present potential scenarios and outcomes to the senior management team.
• Oversee the preparation of the company’s internal and external financial reports including financial statements, budget variance reports and financial performance reports for management to monitor the company’s financial status.
• Recommend changes and improvements in automated financial and management information systems for the business.
• Supervised the preparation of audit files for internal auditors, coordinated with them during audits, provided them with required documentation and financial information, and assisted in preparing detailed audit reports.
Responsibilities:
• Managed day-to-day business operations including financial planning, budgeting, client relations, and reporting, and explored profitable opportunities.
• Conducted periodic meetings with each client, reviewed their financial position, and assisted them with budgeting, financial management, financial forecasting and auditing.
• Rendered consulting to clients on accounting and finance matters including creating and analyzing financial documents, identifying financial areas needing improvement, optimizing accounting procedures and forecasting future profits.
• Performed business valuation for potential investors.
• Coordinated with management and departments and ensured optimal quality of services to all clients.
• Efficiently managed clients from diverse sectors like Medical, Food and Beverage, Petrochemical, Investment, Furniture and Home Accessories.
• Key Clients: Dasman diabetic center, Oishi Sushi, Triangle, Banta, Dasman dental center.
Responsibilities:
• Responsible for the overall control of the company’s finance function including financial planning & reporting, budgeting & forecasting, cash flow management, internal control, etc.
• Developed financial plans, prepared forecasts, developed an annual operating budget, monitored adherence to monetary provisions in the budget, noted variances, and implemented corrective actions during the next budget cycle.
• Rendered strategic advice to the management on all financial matters and assisted in making financially sound decisions.
• Oversaw the investment of funds, identified and managed associated risks, supervised cash management activities company, and executed capital-raising strategies to support the company’s expansion plans.
• Participated along with the management in the budget review meetings; analyzed the income statement & recommended the means to decrease expenses. Prepared reports and analyses of the company's budget.
• Reviewed financial statements, accounting records, payroll summaries, bank reconciliation statements and adjusting entries (accruals, prepayments and provisions) to assess accuracy and conformance to reporting standards.
• Dealt with financial institutions, banks and insurance companies; performed bank reconciliation to compare the balance stated in the bank statement with the company’s accounting records, as well as prepared bank reconciliation statements.
• Prepare reports on the company’s performance on a quarterly/monthly/annual basis including income statements, balance sheets, and profit/expense reports to interpret the current & projected financial position of the company.
Responsibilities:
• Led the accounting staff in managing the full spectrum of financial accounting role including month and end-year processes, AP/AR, GL, budgeting, cash forecasting, revenue and expenditure variance analysis, debt activity, etc.
• Maintained the company’s books of accounts, recorded journal entries, posted transactions to the ledger, and entered rectification & adjustment entries; assisted finance team in monthly, quarterly & annual closing of books of accounts.
• Assisted the Finance Manager in developing the company’s annual plan and budget; also assisted in the development and implementation of goals, policies, priorities & procedures related to financial management, accounting and payroll.
Responsibilities:
• Reported to the Finance Manager with the responsibility of financial modeling, business planning, financial analysis, cost analysis, consolidation and monthly financial reporting to assist senior management in effective decision making.
• Provided timely and accurate reporting & analysis of the company’s financial performance against historical, budgeted and forecasted results to facilitate decision-making toward the achievement of the budget and strategic plan.
• Generated and evaluated financial reports to determine the financial status of the business and suggested further course of actions to improve business and financial performance.
• Provided inputs and assistance in developing and implementing fiscal year plans and forecasts; provided insight and recommendations for cost-saving procedural changes.
• Consolidated and analyzed financial performance data to ensure integrity for reporting and planning activities; presented financial information and models in a concise and easily comprehensible manner to the senior management.
Responsibilities
• Prepared and managed bills, invoices and bank deposits, reconciled expenses to the general ledger, and ensured that all payments are properly posted; maintained records of payments and account status.
• Processed all aspects of the monthly close of financial records, retrieved necessary month-end statements for the monthly closeout process, reconciled all asset accounts, including bank statements, and prepared financial statements.
• Assisted in establishing and enforcing proper accounting methods, policies and principles across the organization.
Responsibilities:
• Handled all accounting operations of the company including supervising and managing general accounting activities, financial analysis, financial reporting, audits, taxation, accounting policies & procedures.
• Prepared and maintained books of accounts, coordinated monthly, quarterly and annual closing activities, and reviewed general ledger monthly to ensure accuracy of posting.
• Monitored and analyzed accounting data and produced financial reports or statements for the top management team.
• Performed bank reconciliation to compare the balance in the bank as per the company’s accounting records with the balance stated in the bank statement, as well as prepared bank reconciliation statements.
• Ensured that the accounting policies and procedures are implemented and are in compliance with the overall company policies and legal requirements.
• Worked as Retail auditor in charge for warehouses and showrooms inventory.
• Audited company accounts and systems, coordinated with external auditors, provided them with required documentation and financial information, and assisted in preparing detailed audit reports to highlight shortcomings in procedures.
