Financial Controller
Alba Holding Company
مجموع سنوات الخبرة :37 years, 4 أشهر
Finance Duties:
1. With 30 years of outstanding experience in the finance field, developing and maintaining relations with several general managers working in local banks and financing companies facilities allocating financial resources for companies and projects
2. Preparing financial studies and financial analysis for projects depending on the nature of their activities whether in contracting or construction. In addition, preparing orders for the supply of materials and goods supplied the financing needs and the size of the necessary banking facilities for the implementation of the project contracts and supply orders.
3. Discussing and negotiating with several financial sectors such as banks and financing companies to obtain the best financial offers with banking facilities applicable to the nature of different projects.
4. Financial tracking to ensure that the banking facilities provided are well incorporated by financing companies.
5. Monitor precisely the steps and procedures regarding the usage of the financial banking facilities provided whether for executing a project or financing the company’s business activities.
6. Arranging funds for existing business operations and drawing up capital budgets (including funds procurement) for new projects.
Accounting Duties:
1. Monitor the financial cost for executing a signed project and comparing it with the estimated budget to acknowledge and tackle any deviations or problems.
2. Development and implemented financial controls designed to manage growth, profitability and future development.
3. Undertook full responsibility of accounting records, international operations and financial audits including year-end external audits
4. Handled inter-company reconciliation and consolidation in the multi-entity and multi-national environment
5. Assisted the external consultants in implementation of the computerized decision support systems to meet the organizational requirements which includes SunSystems, Payroll & Personnel, Offices Automation tools and Business Intelligence Tools.
6. Trained the staff in accounting procedures and policies to promote strict adherence to the systems and sound fiscal management.
7. Preparing and presenting financial statements in line with International Accounting Standards.
Reporting Duties:
1. Interacted with all levels of management in collecting, analyzing, reporting and projecting financial information.
2. Provided recommendations for improving performance and worked with the management to implement the change.
3. Developed monthly and annual budgets, analyzed the variances and suggested remedial actions
4. Created flexible real-time financial reporting system including actual results, budgets and projections.
1) Capita one million Kuwaiti dinars
a) Monitored the financial cost for executing a signed of maintenance and comparing it with the estimated budget to acknowledge and tackle any deviations or problems.
b) Developed and implemented financial controls designed to manage growth, profitability and future development.
c) Undertook responsibility of accounting records, international operations and financial audits including year-end external audits.
d) Handled inter-company reconciliation and consolidation in the multi-entity and multi-national environment.
e) Assisted the external consultants in implementation of the computerized decision support systems to meet the organizational requirements which includes SunSystems, Payroll & Personnel, Offices Automation tools and Business Intelligence Tools.
f) Trained the staff in accounting procedures and policies to promote strict adherence to the systems and sound fiscal management.
g) Prepared and presented financial statements in line with International Accounting Standards.
h) Monitored precisely the steps and procedures for using financial banking facilities provided whether for executing a project or financing the company’s business activities.
i) Arranged funds for existing business operations and drawing up capital budgets (including funds procurement) for new buildings or land
2) Real estate portfolio valued at KWD 18 million in 10 construction sites in real estate residential and commercial functions
a) Reviewed accounting reports from the accounting system to validate accounting entries and the application of rules and procedures established in the event of signing real estate leases, evictions, monthly revenue collections, liabilities of tenants’ control and ensure correct application of the session.
b) Created feasibility studies for real estate that the company will build for construction costs and implementation period of the project and the expected return and the feasibility of increasing the assets of the real estate company.
c) Discussed with funding banks regarding facilities crisis with the best conditions to complete the project as planned-control stages of project implementation costs through financial comparisons for the workers the costs actually incurred and estimated budget for the projects for which financial excesses of deviations or planned.
f) Audited maintenance contracts’ implementation for residential buildings and commercial complexes as well as ensure the health and performance of maintenance work through audit reports maintenance section that is responsible for maintenance work.
d) Controlled and revised the public expenditures and the company's management as well as annual maintenance costs to validated registration at each building and residential unit
e) Reported financial analysis to find out the percentage rates for items listed below for properties and units:-
i) real estate rates revenue collected
ii) real estate expenses and compare them to real income at the level of each unit
iii) leases and occupancy of real property units, compared with ratios of evictions
iv) annual income rate for each building and real estate unit and compare it to the standard rates in the same region
f) Monthly financial reporting to senior management
Syed Hashim Behbehani Sons Company
1) Capita one million Kuwaiti dinar
a) Monitored the financial cost for executing a signed of maintenance and comparing it with the estimated budget to acknowledge and tackle any deviations or problems.
b) Developed and implemented financial controls designed to manage growth, profitability and future development.
c) Undertook responsibility of accounting records, international operations and financial audits including year-end external audits.
d) Handled inter-company reconciliation and consolidation in the multi-entity and multi-national environment.
e) Assisted the external consultants in implementation of the computerized decision support systems to meet the organizational requirements which includes SunSystems, Payroll & Personnel, Offices Automation tools and Business Intelligence Tools.
f) Trained the staff in accounting procedures and policies to promote strict adherence to the systems and sound fiscal management.
g) Prepared and presented financial statements in line with International Accounting Standards.
h) Monitored precisely the steps and procedures for using financial banking facilities provided whether for executing a project or financing the company’s business activities.
i) Arranged funds for existing business operations and drawing up capital budgets (including funds procurement) for new buildings or land
2) Real Estate portfolio initial value - 45 million, represented in 45 commercial buildings and real estate.
a) Reviewed accounting reports from the accounting system to validate accounting entries and the application of rules and procedures established in the event of signing real estate leases, evictions, monthly revenue collections, liabilities of tenants’ control and ensure correct application of the session.
b) Audited maintenance contracts’ implementation for residential buildings and commercial complexes as well as ensure the health and performance of maintenance work through audit reports maintenance section that is responsible for maintenance work.
c) Controlled and revised public expenditures and the company's management as well as annual maintenance costs of validating registration at each building and residential unit.
d) Reported financial analysis to find out the percentage rates for items listed below for properties and units:-
i) real estate rates revenue collected
ii) real estate expenses and compare them to real income at the level of each unit
iii) leases and occupancy of real property units, compared with ratios of evictions
iv) annual income rate for each building and real estate unit and compare it to the standard rates in the same region
e) Monthly financial reporting to senior management
f) Suggested senior management to buy and sell residential buildings, commercial buildings and/or property
3) Investment portfolio in stocks and local bonds valued at KD2 million
Kuwaiti and GCC Investment Shares:
a) Monitored procedures for buying and selling existing shares on the stock exchange through trading companies and verify the authenticity of the accounting procedures in buying and selling.
b) Financial and accounting procedures in IPOs on stock companies and be sure and follow the arrows that have been customized for the organization and follow-up of the results and profits in the balance sheet at equity firms.
c) Prepare financial reports with business financial and accounting ratios showing the rates of profits from trading shares traded on the Stock Exchange.
Foreign Investment:
d) Followed-up to IPO in American and European portfolios which financial portfolios and funds buying and selling shares in the stock market and buy or sell foreign currencies.
e) Reported and analyzed financial ratios and submitted to the department to find out the rate of profit from financial portfolios and foreign