Chief Financial Officer (cfo)
ALMARAA TRADING GROUP
Total years of experience :16 years, 0 Months
Accomplishments:
• Finance Thought Leader, leading a world-class finance function with brilliant analytical ability & decision-making process for all ALMARAA’S departments.
• Re-introduced basic financial discipline and reporting, facilitating improvement on cash flows, planning, reporting and controls, thus safeguarding the company assets.
• Implementing next generation finance technology, re-engineering processes, fostering a culture of continuous improvement to achieve productivity goals.
• Significantly contributed to ALMARAA’S quality improvement processes.
• Steered the finance, accounting, and control functions, presiding over day-to-day performance of the accounting department.
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• Recognized for providing leadership, vision, and advice for enhancing systems and processes.
• Delivered high-quality financial reporting, financial analysis, and key performance indicators.
Roles:
• Established and enforced financial processes, policies, and procedures.
• As the Finance Director control month-end analysis, financial audit, and generation of financial statements as well as management reporting.
• Owned a high performing finance function, delivered a controlled and stable financial reporting environment that delivers accurate, timely & IFRS compliant financial reporting.
• Generated monthly & annual financial statements and updated financial status to management.
• Produce weekly / monthly cash flow forecasts.
• Piloted a dynamic finance and accounting team, mentored them for precise management general ledger accounts, including payroll, accounts payable, and accounts receivable processes, and Inventories and fixed assets.
• Commanding all critical financial levers & metrics that influence ALMARAA’S
• Establishing and implementing accounting policies and procedures, aligned with company’s targets as well as in compliance with the law.
• Managing completion of financial audit and preparation of the Financial Statements.
• Ownership of management reporting, month-end and year-end closing and Balance sheet account reconciliation.
• Collating financial reports, consolidating financial statements that summarize and forecast the company's financial position,
such as balance sheet, profit/ loss statements, budget/cost report as well as income and expense forecasts that provided
right financial strategy.
• Administering accounts receivable function, streamlining receivable collection process/ policies. Managing month-end
AP/AR closing process.
• Liaising with government departments for the processing and dispute resolution for GOSI, Saudi Zakat & Tax, VAT, and
any other tax related issues.
• Primary liaison Saudi Government agencies as well as Bank and Auditors.
• Superintending a team of core professionals in coordinating the overall financial operations and directing financial
activities in achieving short/ long-term strategic objectives.
* Ensures business processes, administration, and financial management.
* Maintains accounting system.
* Leads planning and forecasting activities with business partners to achieve business and company goals.
* Reviews financial reports.
* Prepares financial forecasts.
* Monitors financial details to ensure legal compliance.
* Analyzes revenue, expenses, cash flows, and balance sheets.
* Assists management to make financial decisions.
* Supervises employees.
* Investigates means to improve profitability.
Reviews and processes payments of the company.
* Maintains an accurate filing and record keeping system for all financial statements and company documents.
* Participates in the execution of changes to procedures, policies, and systems to facilitate expansion, compliance, and scaling of the business.
Ensures business processes, administration, and financial management.
Maintains accounting system.
Leads planning and forecasting activities with business partners to achieve business and company goals.
Reviews financial reports.
Prepares financial forecasts.
Monitors financial details to ensure legal compliance.
Analyzes revenue, expenses, cash flows, and balance sheets.
Assists management to make financial decisions.
Supervises employees.
Investigates means to improve profitability.
Reviews and processes payments of the company.
Maintains an accurate filing and record keeping system for all financial statements and company documents.
Participates in the execution of changes to procedures, policies, and systems to facilitate expansion, compliance, and scaling of the business.
* Improve AR management.
* Proactively make improvements to systems and processes.
* Time reduction of finance process.
* Improving collection process.
* Eliminate errors.
* Monitor the daily performance of the accounting department.
* Oversee daily transactions, including accounts payable/receivable, general ledger and bank reconciliations.
* Manage month-end and year-end closing.
* Balance sheet account reconciliation.
* Assist the Finance Manager with the completion and oversight of the Financial audit and preparation of the Financial Statements.
* Deliver relevant and targeted reports.
* Assist in prepare budgeting reports and forecast revenues.
* Understands and complies with all company and legislative requirements.
* Establish accounting policies and procedures, aligned with company’s targets.
* Ensure compliance with the law.
* Liaise with government departments for the processing and dispute resolution for GOSI, Saudi Zakat & Tax, VAT and any other tax related issue.
* Primary liaison Saudi Government agencies as required.
* Primary liaison with the Bank and Auditors as required.
* Meet and greet internal and external customers in a professional manner and assist with or direct enquiries as necessary.
* Directs, trains, supervises, and assists in appraising finance personnel.
• Assist the Financial Controller with end of month analysis and management reporting.
• Liaise with government departments for the processing and dispute resolution for GOSI, Saudi Zakat & Tax, VAT and any other tax related issue.
• Proactively make improvements to systems and processes.
• Ensure all insurances are up to date and provide all the necessary cover as per our contractual requirements and best practice.
• Financial analysis of AARC departments.
• Assist the Financial Controller with the completion and oversight of the Financial audit and preparation of the Financial Statements.
• Work with the Financial Controller to produce weekly / monthly cash flow forecasts.
• Ensure appropriate approvals have been received before processing any data.
• Primary liaison Saudi Government agencies as required.
• Primary liaison with the Bank and Auditors as required.
• Meet and greet internal and external customers in a professional manner and assist with or direct enquiries as necessary.
• Participate in the promotion of activities and programs offered in AARC.
• Actively participate in and contribute to AARC’s quality improvement processes.
• Undertake other duties as required by the accountable / reporting manager and senior management.
• Comply with the Finance Department’s Customer Service Agreement.
• Participated in the foundation of the college.
• Accounting/Auditing, Analyst, Finance.
• Assist with preparation & completion of company Audit.
• Assist with preparation & Audit of the financial statements.
• Assist with preparation & Audit of Zakat and Tax Declaration.
• Assist with implement financial policies and procedure.
• Assist with establish and maintain cash control & Cash Flow.
• Drawdown for Company CAPEX.
• Intercompany Loan and Expenses.
• Establish, maintain and reconcile the General Ledger.
• Prepare & Review & Approve General Ledger Journals.
• Prepare and Review General Ledger Reports.
• Maintain the purchase order system.
• Processing journal entries, reconciling general ledger accounts.
• Fixed Assets Journal (Acquisition, Deprecation, and Disposal).
• Prepare and review Fixed Assets Reports.
• Payroll (Executive Managements, Staff).
• Prepare and review Payroll Reports.
• Prepare and reconcile bank statement.
• Issue cheques and transfers for all accounts due.
• Ensure security for all credit cards and verify charges.
• Establish and maintain supplier accounts.
• Reconciling local & international supplier’s accounts.
• Under construction contract, machine & Project (analyzes & payment).
• Local Vendor (Analyzes & Payment).
• Overseas Vendor & Agents (Analyzes & Payment).
• Prepare and review Account Payable Reports.
• Contracts studying & accounting
• AR Journal for Sales & collection and Revenue.
• Ensure data is entered into the system.
• Ensure transactions are properly recorded and entered into computerized accounting system.
Working with Ministry of Defense in there Science and Information Technology projects As an Accounts Auditor.
• Participated in the foundation of the company.
• General Ledger Journals.
• Review the entries and task done by junior accountants
• General Ledger Reports.
• Fixed Assets Journal (Acquisition, Deprecation, and Disposal).
• Fixed Assets Reports.
• Payroll.
• Under construction contract & Project and production (analyzes & payment).
• local Vendor (Analyzes & Payment).
• Overseas Vendor & Agents (Analyzes & Payment).
• Contracts studying & accounting.
• Petty cash (analyzes & prepayment).
• AR Journal for Sales & collection and Revenue.
• AR Reports (Sales & collection report, collection report, collection by batch, sales by batch, Direct Debit Report, etc…).
• Under construction contract & Project and production (analyzes & payment).
• Analyzes & Payment Internal Suppliers (dairy plants, dairy farms, Agricultural sector).
• External Suppliers & customs clearance (analyzes & payment).
• Contracts studying & accounting.
• Petty cash (analyzes & prepayment).
• Payroll.
• Marketing, Selling, Accounting Duties
• Participate in the foundation of the pharmacies.
• Responsible for financial matters and data entry.
Accounting
Training Courses 10 weeks within Samba Financial Group in Operation and Technology Group, from 10 Jul, 2010 to 22 Sep, 2010.
