Chief Financial Officer CFO
Saudi valley company For Maintenance & Contracting
Total years of experience :26 years, 7 Months
• Monitoring of expenditures and revenues resulted in a 2% reduction in general and administrative expenses and the collecting of late receivables.
• Monitoring the implementation of contracts in the company Saved about 1.5% of the value of contracts, which exceeded 885 million riyals.
• Restructuring of the accounting system, which includes the chart of Accounts and the revaluation of fixed assets.
• Established a complete documentation cycle within the company, which resulted in timely processing of petty cash, improvement of relations with suppliers, processing of revenue collection and correct financial reports on projects.
• Management of company budgets and accounts
• Preparing and monitoring reports on the company's profits
• Participate in planning and decision making.
• Considering, reviewing, and verifying costs, expenses, and revenues.
• Planning and directing the work of the company's finance department staff
• Overseeing the overall operations and activities of the company's finance department
• Prepare and analyze accounting records and financial reports providing advice
• Communicate with auditors and financial analysts
• Work directly with other departments of the company and discuss company goals and future plans
• Monitoring the execution of contracts in the construction department of the company resulted in a reduction of 4% of the total amount of 370 million riyal.
• After joining the company, monitoring contracting and pending receivables from suppliers, resulted in a reduction of 15% of the value of receivables exceeding 7.35 million rial.
• Establish a work system in the construction department to facilitate interaction with the financial management department and other departments of the company
• Successfully manage the financial accounting process ensuring full compliance with all company policies and procedures and SOCPA requirements.
• Manage cost control and variance analysis as well as analysis and control of revenue and expenses and future expenses or provide advice.
• Implement and review financial policies and procedures.
• Performing internal operational evaluations to ensure efficient use of resources and identify areas of improvements.
• Collaborate with work teams in formulating and maintaining the company's pricing strategies in conjunction with the projected revenues of the various customers/distributors/products
• Participate in the preparation of budget estimates and identify any variances.
• Monitoring expenditures and revenues led to the reduction of public expenditures and the collection of delayed revenues and the achievement of a surplus.
• Established and maintained the accounting system, including the chart of Accounts, revaluation of fixed assets.
• Perform internal operational assessments to ensure efficient use of resources and identify opportunities for improvement
• Implement and review financial policies and procedures, implement approved plans for administrative matters
• Reports to the Finance Manager and is responsible for timely submission of reports, posting of vouchers, maintenance of books and compliance with company policies and procedures
• Managed the financial accounting process and maintained excellent relationships with company managers, department heads, financial management and outside agencies
• Recruited, trained, motivated, and managed accounting staff to ensure excellent results
• Performed financial accounting and reporting functions while ensuring full compliance with all company policies and procedures and SOCPA requirements
• Manage the analysis and control of revenue and expenses
• Implement and review financial policies and procedures
• Performed internal operational assessments to ensure efficient use of resources and identify opportunities for improvement.
• Review of expenses and revenues in relation to the accounts of the last five years. The result was that the company was able to save about 20% of supplier fees, received revenues and retentions, and the situation was transformed from losses to surpluses.
• Established and maintained the accounting system which included, the chart of Accounts, revaluated fixed assets.
• Compiled all related journal entries
• Reviewed all invoices and monitored payments
• Prepared monthly profit and loss statement and monthly bank reconciliation.
• Managed the monthly payroll.
• Managed the weekly or semi-monthly due date report for accounts receivable as well as the semi-monthly or monthly report for accounts payable and arranged for payments to vendors. Prepare tax return
• Assist Controller and external auditors with preparation of year-end work papers and review of account
• Preparing variance analyzes and proposing solutions.
Key Responsibilities
• Settlement of the company’s tax position for the period 1999 to 2003 and payment of only 25% of the value of the tax due at that time.
• Restructuring of the documentation cycle and establishment of an accounting system.
• Preparation of all related journal entries
• Reviewed of all invoices and monitoring of payments
• Prepared monthly profit and loss statement and monthly bank reconciliation.
• Managed monthly payroll, an audit of benefits, payroll advances and debit vouchers.
• Managed the weekly or semi-monthly due date report for accounts receivable as well as the semi-monthly or monthly report for accounts payable and arranged for payments to vendors. Prepare tax return
• Assist Controller and external auditors with preparation of year-end work papers and review of account
• Preparing variance analyzes and proposing solutions.
Accountant (Spe. 1997 - Oct. 2000)
Key Responsibilities
• Compiled of journal entries, general ledger entries, monthly profit and loss reports and monthly bank reconciliations.
• Processing accounts receivable and accounts payable, communicating with vendors.
• Compiled of annual inventory reports and year-end procedures
• Manage depreciation of all fixed assets
• Prepare adjusting entries to verify expenses due, revenues due, verify prepaid expenses and prepaid revenues for the fiscal year.
- Qualification, Bachelor of Commerce. - Cumulative appreciation: Very Good. - Graduation Year, 1997 Cairo, Egypt. - (HIFCS&A), Cairo, Egypt.
