Maher Fares

Finance Director at Al Toukhi Group

• My current job since September 1999

Approve or reject, or coordinate the approval and rejection of, lines of
credit and commercial
- Develop and analyze information to assess the current and future
financial status of firms.
- Establish procedures for custody and control of assets, records, loan
collateral, and securities, in order to ensure safekeeping for more than
fifteen (15) project in the same time.
- Evaluate data pertaining to costs in order to plan budgets.
- Evaluate financial reporting systems, accounting and collections
procedures, and investment activities, and make recommendations for
changes to procedures, operating systems, budgets, and other financial
control functions.
- Handling all banking relationships including, facility terms, conditions
and pricing.
- Controlling the financial activities of the holding company and its
subsidiaries.
- Network within communities to find and attract new business.
- Oversee the flow of cash and financial instruments.
- Plan, direct, and coordinate the activities of workers in branches,
offices, or departments of such establishments as branch banks,
brokerage firms, risk and insurance departments, or credit departments.
- Prepare financial and regulatory reports required by laws, regulations,
and board of directors.
- Prepare operational and risk reports for management analysis.
- Communicate with stockholders and other investors to provide
information, and to raise capital.
- Analyze and classify risks investments to determine their potential
impacts on companies.
- Direct floor operations brokerage firm engaged in buying and selling
securities at exchange.
- Direct insurance negotiations, select insurance brokers and carriers, and
place insurance.
- Establish and maintain relationships with individual and business
customers, and provide assistance with problems these customers may
encounter.
- Examine, evaluate, and process loan applications.
- Monitor order flow and transactions that brokerage firm executes on
the floor of exchange.
- Recruit staff members, and oversee training programs.
- Review collection reports to determine the status of collections and the
amounts of outstanding balances.
- Review reports of securities transactions and price lists in order to
analyze market conditions.
- Submit delinquent accounts to attorneys or outside agencies for
collections.

Finance Manager at Plastic Surgery and Dermatology Hospital (Obaqi)

• August 1995 to September 1999

Design and implementation of the control system and document flow
for the entities.
- Supervising budgeting process with different entities, and monitoring
the implementation.
- Handling all banking relationships including, facility terms, conditions
and pricing.
- Controlling the financial activities of the holding company and its
subsidiaries.
- Preparing monthly financial reports and submitting them to the owners.
- Acting as the primary contact point with external auditors and
coordinating annual financial statements.

Chief Accountant at Shamel Group

• January 1990 to August 1995

Daceasy “computer program and
complete financial analysis of the Shamel Group”
- Following up suppliers and customers accounts.
- Preparing and analyzing all debt, consumption and expenses,
identifying the discrepancies and comparing the actual status with plan.
- Following up the accuracy of inventory system of the warehouse.
- Contacting the planning department to be notified with the new orders.
- Following up account receivables and improve collection process.
- Schedule all accounts payables per due date.
- Developing and directing financial management information to secure
suitable finance.
- Defining targets of each department according to the company business
plans and implementing them as necessary.
- Creating a mechanism of crucial information flow to improve levels of
communication between all departments and their respective managers.
- Fostering excellent work relationship with banks, government entities
and other financial institutions pertaining to the items such as taxation
insurance.
- Responsible for the posting to the general ledger, preparing the trial
balances and the recording in the general journal.
- Responsible for the preparation of the final accounts and the balance
sheet.
- Responsible for opening the letters of credits with banks.
- Handling banks relationships including negotiating facilities terms and
conditions.
- Sending the monthly data and any analysis needed to the financial
controller of the company.

Senior Accountant at Saad Construction Establishmen

• March 1988 to January 1990

Manual &
computerized accounting)
- Reporting to the Financial Director.
- Responsible for managing the inventory control system.
- Managing the project under construction control.
- Reviewing accounts receivable for accuracy and timely payments.
- Managing and controlling purchase of raw material(s) (Purchase orders
and bank form L/C, Form 11 and material suppliers).
- Auditing journal entries for both amounts and allocation.
- Supervising and managing sales tax.
- Supervising and managing the net profit taxation.
- Responsible for preparing added value analysis reports to improve
company bottom line.
- Reducing waste by identifying financial errors and avoiding future
occurrences.
- Reconciling production cost with concerned departments.
- Responsible for following-up of the budget and appropriations.
- Responsible for checking the data back-up.
- Responsible for approving the monthly inventory level and analyzing
deviations from standard cost.
- Responsible for preparation and follow-up of operating budget and
costing.

Accountant at Dr. Mohd Sh

• March 1987 to March 1988

for accounts verification
and auditing for various kinds of companies, ie.
Contracting, Trading, Industrial, Medical, Stock
Investment, Banks, Travels and Tourism, etc.
(Started as part timer then full timer)
- Leading the audit team to undertake audit assurance assignments.
- Reviewing efficacy of Internal Control & Planning, prepared and
implemented an internal audit plan based on a comprehensive risk
assessment modules;
- Identifying strength and weaknesses and suggesting appropriate
measures;
- Performing special investigations as required, including suspected theft
and frauds.
- Preparing key reports as requested by management.

Instructor

• February 1983 to February 1987