Group Financial Controller
Saudi Industrial Services Company
Total years of experience :17 years, 9 Months
• Prepare quarterly and annual consolidated financial statements as per IFRS framework and submission of financials to CMA and Tadawul
• Group lead IFRS implementation project
• Coordination with External Auditors on statutory audits
• Provide effective accounting and financial support to the group companies
• In recognition of the need to improve continuously, reviewing and recommending modifications to the
company's policies and procedures on an ongoing basis.
• Implement new and amended control procedures to comply with IFRS standards
• Proactively manage funding requirements of the group and manage bank loans
• Supervise accounts department on day to day finance activities
• Ensure completeness and accuracy of the accounting records across the Group
• Prepare and file zakat returns and all necessary correspondence with the Consultants
• On job training to finance/operation departments across the group
• Prepare and consolidated group budget as per managements requirement
• Ensure adherence to the approved budget and financial model
Financial Analysis
• Evaluating financial aspects of changes in tax and accounting standards, stakeholder agreements or corporate policies to facilitate decision making
• Forecasting to simulate future financial performance based on the current/proposed plans
• Periodic cash flow analysis and projections to support treasury
• Financial modeling for long term planning
• Feasibilities to determine the viability of the CAPEX.
• Product and customer profitability analysis.
Financial Reporting & Operations
• Finalization of annual financial statements based on SOCPA and IFRS
• Presenting financial performance and KPI dashboard to the board of directors
• Coordinates with subsidiaries for Group Consolidation. Prepare monthly, quarterly and yearly consolidated financial reports along with consolidated supporting schedules
• Report directly to the Chief Financial Officer for financial activities for all business units in KSA and Egypt
• Prepare management reports and presentations for executive meetings along with comparison reports against budget and forecast.
• Review of corporate tax, withholding tax and zakat filing
• Financial Highlights for Corporate office, SIDF, Ministry of Commerce, SAMA Survey, and Chamber of Commerce.
• Manage day to day finance activities including Accounts Receivables, Account Payables and Treasury
Overall responsible for group reporting and all management information system reports. Report directly to the Finance Controller & the Group Chief Financial Officer for financial activities, responsibilities includes; manage Finance Module activities in the SAP System and create financial reports from SAP System.
Coordinate in the preparation of budget and forecast, prepare detailed expense analysis and manage company’s investment in subsidiaries and associates. Prepare management reports and presentations for executive meetings along with comparison reports against budget and forecast. Also prepare Financial Highlights for Ministry of Planning, SIDF, Ministry of Commerce, SAMA Survey, and Chamber of Commerce.
Coordinates with affiliates and associates for SCC Group Consolidation. Prepare quarterly and yearly consolidated financial reports along with consolidated supporting schedules in coordination with external auditors and involved in publication of financial reports in the Stock Exchange (Tadawal).
I have been working in the capacity of Manager Internal Audit with a private limited company in Pakistan. The company operates healthcare business i.e. 650 bed Cardiac and General Hospital, Medical College, Nursing School, College of Rehabilitation Sciences and School of Allied Health Sciences. Besides establishing Audit Department, I was involve in streamlining Finance Department, costing and budgeting department, formalizing financial and management reports as well as coordinating ISO consultants in preparation of policies and procedural manuals for ISO 9001-2008 certification.
Assurance and Advisory
- Assisted the Senior Partner who was conducting audits on the major companies in the area.
- Mobilization and planning of audits and consultancy engagements.
- Furthering client relationship and identifying possible new engagement opportunities.
- Reviewing work performed by the staff members and drafting reports
- Analysis of financial statements and reports and report on discrepancies.
- Review of accounting and internal control systems of the organizations and reporting for improving the system thereof
- Forensic Audit (Cash flow audit)
Financial Reporting
- Preparation of financial statements and related disclosures.
- Preparation of other client deliverables.
- Checking compliance with Company Law, Banking Law, Central Bank Regulations and International Financial Reporting Standards.
Business Risk Services
- Review and design of internal controls.
- Preparation of procedure manuals for asset management companies.
- Identification of risks associated with the company and preparation of report thereon.
Treasury operations
- Preparation and implementation of audit procedures on Capital, Money and Debt Markets
Assurance and Advisory
- Assisted the Senior Partner who was conducting audits on the major companies in the area.
- Mobilization and planning of audits and consultancy engagements.
- Furthering client relationship and identifying possible new engagement opportunities.
- Reviewing work performed by the staff members and drafting reports
- Analysis of financial statements and reports and report on discrepancies.
- Review of accounting and internal control systems of the organizations and reporting for improving the system thereof
- Forensic Audit (Cash flow audit)
Financial Reporting
- Preparation of financial statements and related disclosures.
- Preparation of other client deliverables.
- Checking compliance with Company Law, Banking Law, Central Bank Regulations and International Financial Reporting Standards.
Business Risk Services
- Review and design of internal controls.
- Preparation of procedure manuals for asset management companies.
- Identification of risks associated with the company and preparation of report thereon.
Treasury operations
- Preparation and implementation of audit procedures on Capital, Money and Debt Markets
On Going. Appearing in Part 2
Associated with Ernst & Young (Assurance & Advisory Business Services) since October 2004 till April 2010. Worked in different capacities from a junior trainee to a senior team leader. I have had variegated experience of statutory external audit, review assignments, risk management, internal audits & related services in different sectors including financial institutions
