Chief Financial Officer
Financial Service & Accounting System Co.
Total des années d'expérience :18 years, 5 Mois
Highlights of Qualifications
Growth-focused leader with expertise in financial and accounting operations, auditing, portfolio management, capital markets, project management, cash management, managerial finance, budget analysis, and government feasibility studies. Strong skills in collaboration, coordination, time management, budget management, human resources, financial modelling, retail finance, real estates, financial reporting, and problem resolution. Exceptional written and verbal communicator, able to interface with professionals from all levels of an organization effectively. Proven expertise in:
• Financial Management • Financial Operations • Financial Reporting
• Accounting Operations • Strategic Planning • Process Improvement
• Optimization • Policy Development • Financial Analysis
• Regulatory Compliance • Auditing Processes • Relationship Building
• Government Accounting • Government Budgets • IFRS, ASPE, GAAP
ACHIEVEMENTS
Drafting, consolidating, & analyzing financial statements ∎ Analyzing & resolving complex financial problems ∎ Expert in consolidating, interpreting, & summarizing management reports & resenting to executive management & board of directors
Key Contributions:
Financial Service, manufacturing sector experience, real estates, and retail one
Leading the team in the different sectors of the company
ERP, and cost manufacturing exposure
Audit, treasury, financial reporting, legal, and corporate taxation
Owner-managed company experience
M&A experience (due diligence, negotiation, structuring, and transaction integration)
IT functional oversight
Outstanding financial skills, and strategic thinking and planning capabilities
Leadership, superior judgment, organized, collaborative competencies
Monthly, quarterly and year’s end financial statements preparation and follow up with the external auditors as well as the presentation to the management.
Directed daily accounting functions, including accounts payable, accounts receivable, general ledger, reporting, and inventory accounting. Administered wages, benefits, and salaries. Ensured all laws and regulations were met in all activities. Procured financing funds, fostered key business relationships with industry leaders, monitored KPIs, drafted financial statements, and submitted statements to auditors and leadership. Monitored daily credit activities, administered cash, managed risks, and optimized cash availability. Negotiated fees, developed financial strategies and processes, and created corrective action plans. Obtained internal controls and insurance for assets, assessed contracts, guided financial decision-making, and completed business valuation. Oversaw vendors, presented year-end financials, analyzed variances, and supported annual budget preparation. Built financial models, supervised teams, improved financial procedures and processes, and designed various strategies. Coordinated inventory and cycle counts, analyzed standard and actuals costs, inspected variances and resolved issues, and updated bill of materials with costing information. Developed with collaboration of the human resources; an employee handbook and HR best practices for an organization, Leaves, hours of work, sickness and absenteeism control, and the effective internal control of payroll process including the segregation of duties between the HR and finance department.
Key Contributions:
Improved opportunities for CAD $200M in operations costs by moving to projects expansions; generated annual CAD $30M in profits.
Implemented ERP and SAP; utilized QuickBooks, thus reducing administrative and accounting fees.
Served as key member in VAT implementation; updated in SAP; prepared, updated, and analyzed VAT.
Spearheaded expansion projects for Poles, Pipes, and Towers factories.
Wrote accounting processes and procedures manual based on IFRS, ASPE, and GAAP guidelines.
Led implementation of ERP, SAP application in collaboration with executives and external vendors.
Named Initial Public Offer Manager; oversaw IPO consultant in project execution; provided various financial data; completed due diligence; and supported project activities, reducing the cost by greater than CAD $100M.
Served as Project Manager for converting from non IFRS to IFRS, ASPE, and GAAP standards in coordination with Price Waterhouse Coopers consultant; prepared briefing notes, issues’ notes, and drafted positions on policies and procedures; drafted and reviewed financial statements; submitted external auditor; and adjusted information in SAP.
Key Contributions:
* Savola Group - retail division is a listed Saudi Arabian retailing company. The Savola group is ranked ninth amongst the top 100 companies in the Saudi Arabian market. The retail division turnover is four billion Canadian Dollar
* Supported the Director of Finance in overseeing budgets, costs and making realistic financial objectives to ensure a healthy financial status of all retail outlets (forty-seven stores & five hyper stores) to meet financial targets
Each and every retail store has the flowing departments \{Non-perishables; Grocery, Frozen, General Merchandize, and Dairy, the perishable departments, Produce, Deli, Meat, and Hot Food\}
Collaborated with Finance Manager, Marketing and Sales Departments to produce workable rolling forecasts, budgets and promotional requirements to predict profit margins
Presented the financial statements as well as management reports to the top management and held monthly meetings to discuss, take corrective actions for the variances if any
Controlled the stores as well as the warehouses stocks and checked the level of the stock loss monthly.
Established and implemented an effective corporate internal control and accounting policies and procedures.
Planned and implemented an ERP system for the following financial applications: Management Computer Business Application (MCBA), JDA AS-400, Business Object (BO), and Oracle Financial
Provided strategic financial directions to various departments to achieve their business targets
Prepared financial statements as well as non-financial reports for executives in strategic decision taking
Master of Science in Accounting
Certified Public Accountant
Licensed Certified Public Accountant in USA to practice