Feras Saleh, ,  Head of Reporting and Cost Controlling

Feras Saleh

, Head of Reporting and Cost Controlling

Branch of Fcc Aqualia S.A

Location
Saudi Arabia
Education
Bachelor's degree, Faculty of Finance and Administrative Sciences
Experience
18 years, 8 Months

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Work Experience

Total years of experience :18 years, 8 Months

, Head of Reporting and Cost Controlling at Branch of Fcc Aqualia S.A
  • Saudi Arabia - Riyadh
  • My current job since July 2023

Spearheaded the finance and accounting team with dynamic leadership and clear direction.
• Deliver strategic insights and recommendations to the C-suite and executive leadership.
• Drive the financial forecasting and budgeting processes, ensuring accurate financial reporting.
• Champion long-term fiscal planning and strategic financial initiatives.
• Develop comprehensive financial strategies, including budget creation, KPI establishment, cash flow forecasting, and projection analysis.
• Cultivate and strengthen relationships with key senior management, external partners, and stakeholders.
• Support the CEO with impactful board presentations and fulfill shareholder information requirements.
• Perform thorough financial analysis to assess and enhance company performance.
• Implement and maintain a stringent internal controls framework in collaboration with relevant teams.

Finance and Admin Manager at South Cluster LLC
  • Saudi Arabia - Abha
  • June 2022 to July 2023

Spearheaded the development and implementation of stringent accounting policies, enhancing financial integrity and adherence to regulations.
• Streamlined Treasury operations, establishing a high-performance structure to meet financial objectives.
• Mastered cash flow projections and managed funding strategies, safeguarding the organization's fiscal health.
• Successfully negotiated funding to fuel operational needs and capital expenditures, fostering corporate expansion and resilience.
• Forged and maintained strong banking partnerships, leveraging optimal financial services and strategic advantages.
• Directed the budgeting process and financial planning, proactively addressing discrepancies and championing fiscal improvements.
• Partnered with various departments to implement cost control measures, delivering insightful financial reports and action plans for efficiency gains.

Head of Reporting and Cost Controlling at Branch of Aqualia Intech S.A
  • Saudi Arabia - Riyadh
  • September 2016 to June 2022

Spearheaded the finance and accounting team with dynamic leadership and clear direction.
• Deliver strategic insights and recommendations to the C-suite and executive leadership.
• Drive the financial forecasting and budgeting processes, ensuring accurate financial reporting.
• Champion long-term fiscal planning and strategic financial initiatives.
• Develop comprehensive financial strategies, including budget creation, KPI establishment, cash flow forecasting, and projection analysis.
• Cultivate and strengthen relationships with key senior management, external partners, and stakeholders.
• Support the CEO with impactful board presentations and fulfill shareholder information requirements.
• Perform thorough financial analysis to assess and enhance company performance.
• Implement and maintain a stringent internal controls framework in collaboration with relevant teams.

Financial Reporting & Budget Section Head at Al Latifia Trading & Contracting Co
  • Saudi Arabia - Riyadh
  • November 2012 to September 2016

• Enhanced financial reporting frequency from quarterly to monthly, optimizing strategic decision-making.
• Refined budgeting and costing processes, elevating P&L analysis and scenario planning.
• Pioneered a three-year cash flow forecast, providing unprecedented financial foresight.
• Introduced a three-year projected Financial Statement, aiding long-term strategic planning.
• Directed comprehensive five-year corporate budgeting in collaboration with planning and management teams, ensuring alignment with strategic targets.
• Executed meticulous financial analysis and reporting, ensuring management has accurate data for decision-making.
• Guaranteed timely delivery of financial reports, upholding strict reporting deadlines.
• Conducted thorough reviews of financial data to ensure precision and integrity.
• Managed and contained expenses within approved budget parameters.
• Evaluated and adjusted annual budgets to reflect organizational needs and financial realities.
• Supported accounts payable and receivable operations, ensuring smooth financial transactions.
• Performed reconciliations, maintaining accuracy in accounting records.
• Generated detailed financial reports on budgets, payables, receivables, and expenses.
• Calculated and disbursed salaries and benefits accurately, ensuring employee satisfaction.
• Developed precise expense and revenue forecasts, contributing to consistent reporting standards.
• Monitored industry trends and competitor activities, maintaining competitive advantage.
• Orchestrated GL Mapping to facilitate the rollout of ERB systems for SAAP & Oracle E-Business Suite.

Audit team leader at United audit co
  • Jordan - Amman
  • March 2012 to November 2012

• Developed and executed comprehensive audit programs, ensuring thorough financial assessments.
• Crafted detailed financial statements and analyses for diverse corporate clients.
• Acted as a key representative for the firm in high-stakes meetings with external stakeholders.

Senior Accountant at Group Five International,
  • Jordan - Amman
  • February 2007 to March 2012

Expertly prepare monthly cost reports and manage cash flow projections on a monthly and quarterly basis.
• Ensure accuracy through meticulous capture and audit of all financial transactions.
• Implement control and audit protocols for store transactions, including the design of procedural guidelines.
• Oversee payroll auditing and regulate the distribution of funds.
• Conduct daily, weekly, and monthly bank reconciliations to maintain financial integrity.
• Prepare annual financial statements and liaise with external auditors for seamless audits.
• Manage letters of credit and guarantees, overseeing all banking relations and transactions.
• Maintain supplier relationships, ensuring statement reconciliations and timely payments.
• Conduct thorough audits of petty cash to ensure proper handling and recording.
• Analyze and report on financial variances against the budget, identifying cost-saving opportunities.
• Prepare and submit all tax-related documentation to comply with regulatory requirements.
• Coordinate with insurance companies for health, workers' compensation, and vehicle insurance matters.

Credit Card Officer at Jordan Kuwait Bank
  • Jordan - Amman
  • August 2005 to February 2007

Expertly managed daily and monthly reconciliation for card and ATM transactions, preparing reversal transactions for interbank operations.
• Efficiently processed daily settlements and financial reconciliations for Visa, MasterCard, and American Express credit card issuances.
• Conducted routine maintenance tasks including account closures, card replacements, renewals, and limit adjustments.
• Executed end-of-cycle closing procedures for Visa, MasterCard, and American Express credit accounts, while monitoring account statuses.
• Prioritized customer satisfaction by ensuring complaints and queries were addressed and resolved on the same day.

Education

Bachelor's degree, Faculty of Finance and Administrative Sciences
  • at Al-ahliyya Amman University
  • August 2005

• Awarded for Academic Excellence in Accounting GPA 85% Excellence

Specialties & Skills

Cash Flow Forecasting
Cost Accounting
Financial Reporting
General Ledger Reconciliation
CASH FLOW FORECASTING
FINANCIAL FORECASTING
ACCOUNTING
COLLABORATION
FINANCIAL ANALYSIS
MANAGEMENT
LEADERSHIP
FORECASTING
INTERNAL CONTROLS
PRESENTATIONS

Languages

English
Expert

Training and Certifications

IFRS Expert (Certificate)
Date Attended:
March 2019