Financial Consultant
Nabors Industries
مجموع سنوات الخبرة :10 years, 11 أشهر
Lead Complete Tax Transformation and added Transfer Pricing Practices in accordance with ZATCA compliance.
Head of Project Finance (Infrastructure and O&M)
Assisted and provided financial guidance in the formulation and implementation of Strategic Business
Plan, Budget, Forecast, Cash Flow and KPIs
• Working with Microsoft Dynamics (Corp. Control) & Interface to Hyperion (UK Office) for monthly
reconciliations.
• Ensured an up-to-date cash flow projection is maintained and maximizes cash flow performance of the
company through controls on inventory, credit and collection, disbursements, receivables and payables.
• Prepared monthly position of actual results against budget, analysis result and recommends to Executive
Committee measures required to meet budget.
• Performed active supervision of working capital efficiency, forecast accuracy, growth, innovation, and
improving Return on Invested Capital (ROIC)
• Managed the preparation of accurate outlooks for forthcoming months and forecasts for the remainder of
the year in collaboration with the Senior Management Team (SMT) & Director of Finance (FD).
• Prepared consolidated monthly position assessments for the (FD).
• Implemented and reviewed financial controls and policies.
• Analyzed financial and management reports.
• Advised on any changes in Govt. Regulations on GAZT, HRDF, GOSI, SAGIA, Chamber of Commerce
directives.
• Kept log of all licenses for the Govt. to ensure no penalties and smooth business operations as per Saudi
Business Regulatory Authorities for Tax, Finance, Insurance, and Business.
• Preplanning, tailoring, and implementation of Microsoft Dynamics & Hyperion (ERP).
• Managed internal and external audits when they occur.
• Reviews prices and assists in formulating a payroll strategy to the FD and SMT.
• Controlled and monitored the Local/International Banking arrangements made for the operation of the
company in conjunction with the UK Office Interserve PLC, ILE, Santander Bank
• Additionally, developed and maintained a cohesive relation with local banks (Saudi Fransi and SABB)
for all facilities.
• Reviews operating equipment stores to avoid unnecessary/excessive purchases and to eliminate obsolete
units.
• Ensured all Balance Sheet accounts are reconciled on monthly basis, reviews and approves those
reconciliations.
• Ensured payments were made to within the contractual terms to all Budget-holders.
• Performs ad-hoc tasks when requested by the SMT or the Director of Finance.
• Assisted with the communication with UK Interserve Office.
• Evaluates existing internal control measures that apply to accounting procedures as per ILE Policies &
Procedures
• Employs adequate internal control procedures to ensure correct authorization for payment procedures.
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• Complete communication & reconciliations with COE, Ministry of Education, Finance on monthly
basis.
• Provides administrative support to Management with reference to policy enforcement, business advice
and operational assistance.
• Identifies training needs, develops formal training plans, and conducts training sessions for accounting
and operational staff in coordination with other departments.
• Identifies staff with potential for promotion and/or transfer within accounting operation.
• Responsible for People leadership of direct reports (and their teams) (recruitment and selection,
performance management (Appraisal/PDP), associate development and motivation, counselling/
disciplinary issues.
• Conducted regular coaching sessions with team and HR department.
Designed and completed full restructuring of financial department of the Public college system both in
resources allocation & operations under the capabilities building project for Ministry of Education.
• Assistance and verifications of College Improvement Plans
• Managed and lead Finance & Accounting Teams within the allocated colleges as part of contract
deliverables.
• Selection, implementation, & operation of financial systems, and subsequent training of staff.
• Training existing senior budget holders to enable them to discharge their budget responsibilities.
• Asserting continuous participation in development of strategic decision-making process, and the
identification and compilation of financial information as part of a Formal Strategic Plan.
• Assisting in the Management Information process
• Supporting the identification and Implementation of service standards for the Finance department, and
the interactions with other departments, and with external customers.
• Drove transformation and optimization of operating structure and processes, including cost management,
commercial investments, innovation, while pushing for support of growth within the project.
• Provided advisory & guidance for the development of formal procedures and processes for all finance
systems operated with the allocated colleges, COE and TVTC (wing of ministry of Education)
• Setting and implementation of department wise budget/annual forecasting process and management
reporting process.
• Worked on designing of a corporate style treasury system of the government college systems.
• Developed a Cash collection program with focus to ageing analysis.
• Designing of Financial Reporting Design/Key Performance Indicators (KPI) reporting
• Participated in initial accounting processes support, transactional accounting support/purchase price
allocations, anticipating and/or managing Financial Accounting Advisory Services (FAAS)
engagements, collaborate with the partner, senior manager, and client to determine a FAAS strategy that
appropriately addresses risk and manages client expectations relating to deliverables & COE/TVTC.
• Ensuring work is delivered timely and in compliance with regulatory requirements.
• Monitoring the FAAS engagement team's performance against the budget and alter if necessary.
• Identify and communicate relevant trends, developments, and key performance drivers relevant to the
client in terms of Cost saving/wastage control, possible business opportunities, etc.
• Designing and implementation of a payroll system with the aid of the HR Manager.
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• Supported ACT in the year-end audit process, preparation of the financial accounts and ensure
appropriate documentations.
• Implemented first Value Added Tax (VAT) Filing system for colleges in their new Financial ERP and
System and trained staff on Tax filings.
• Ensuring support in documentation for audit reviews (Internal/External) if asked for assistance.
• Variance analysis training
• Guidance in overseeing the monthly closing procedures.
• Assisted ACT in carrying out monthly & quarterly management report.
• Proposed preparing budgets, planning, forecasting that would-be benchmark standard for colleges under
COE/TVTC.
• Conducted weekly 1:1 coaching session with colleges teams (Coachees), and budget-holders as part of
Senior Management Training initiative.
• SAP Training for college staff (Accounting Departments)
• Leading coaching and training of Finance/Accounting/Administrative Staff for all functions of Finance,
Accounting, supply chain, and procurement conducted on weekly/monthly basis.
Retail/Fleet & Credit Operations
Toyota Spare Parts, Accessories, Service, Forklift Sales/Service, Lexus Operations, Fixed Assets and Payroll in
charge
• Handling of departmental and contractual accounting for multiple departments within Group. Responsible
for distribution of budget (capital & operational) throughout the main center.
• Day-to-Day responsibilities include working with daily credit sales/ customer deposit reports, preparing
and maintaining old, new and existing contracts with suppliers/vendors, and credit performance of
customers.
• Handling of all Accounts’ Payables, Accounts’ Receivables, Fixed Assets, and Liaise with HR for Payroll
of all Service, Spare parts, and Accessories staff including monthly performance commissions.
• Supply Chain Management of Vehicle Stock to Center.
• Liaise with internal and government auditors, by providing full support for auditing.
• Helping complete all audit process (external & internal)
• Multitasking to effectively meet multiple deadlines for reporting, analysis, invoicing, etc.
• Archiving and organization of documents related to previous accounting periods.
• Monthly analysis of bank reconciliation and reporting.
• Credit control of all Govt. and Non-govt. Entities.
• Coordination of Zakat (GAZT-Govt. Tax Regulation of KSA) annual filing of Returns.
courses: Certified Public Accountant, (CPA) Pursuing – Expected Completion in
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