CFO -cheif financial officer
magrabi eye &ear hospitals
Total years of experience :28 years, 3 Months
Since January 2003 up to12/2010
Company : Magrabi Eye & Ear Hospital (Eastern Region) K.S.A
Position : CFO
Duties and Responsibilities:
Strategic planning to increase revenue & reduce expenses and follow liquidity(cash flow)- open letters of credit (L/C) and loans from banks and visibility studies.
KPIs Financial Statement Analysis to development accounting standards. Analysis of financial ratios and comparative analysis standerd diviasion.
Internal controls environment procedure and standards and responsibility and authority of internal auditing.
Performance measurement evaluations revenue costs profits variance analysis.
Budget preparation planning process purposes concepts annual profit plan.
Decision analysis logical steps to reach a decision.
All process to finish balance sheet and reports (Income statements) with the auditors.
Divided the work between accountants and auditing their works and posting entries to prepare general ledger to balance sheet and income statement to set financial reports.
January 2001
Company : Magrabi Eye & Ear Hospital (Eastern Region) K.S.A.
Position : Chief accountants.
Duties and Responsibilities:
Supervisor account receivable
Recording and reconciling with customers.
Supervisor payable recording and reconciling.
Recording expenses & revenue and analyze and make comparative the years to reach standard deviation.
Recording assets according the classification and deprecation and liabilities and allowances.
January 1996
Company : Magrabi Eye & Ear Hospital (Jeddah).
Position : Junior Accountant
Duties and responsibilities:
Follow -up petty cash auditing and controlling.
Responsible about store receiving and recording according the system.
Record adjustment bank expenses. Revenue entries reconciling banks account review journalists.
Review credit income &cash income and review
Engaging in Strategic Planning and Decision Making
• Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
• Analyzes information, forecasts sales against expenses and creates annual budget plans.
• Compiles information, analyzes and monitors actual sales against projected sales.
• Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning.
• Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
• Thinks creatively and practically to develop, execute and implement new business plans
• Creates the annual operating budget for the property.
• Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
• Implements a system of appropriate controls to manage business risks.
• Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability.
• Analyzes financial data and market trends.
• Leads the development and implementation of a comprehensive annual business plan which is aligned with the company's and brand's strategic direction.
• Provides on going analytical support by monitoring the operating department's actual and projected sales.
• Produces accurate forecasts that enable operations to react to changes in the business.
Leading Finance Teams
• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound Communicates the strategic goals, the focus and the owner priorities to subordinates in a clear and precise manner.
• Leverages strong functional leadership and communication skills to influence the executive team, the property's strategies and to lead own team.
• Oversees internal, external and regulatory audit processes.
financial management