Abdulrahman Al Nafisah, CFO

Abdulrahman Al Nafisah

CFO

Murabaha Finance , Financing Company

Location
Saudi Arabia - Riyadh
Education
Master's degree, MBA
Experience
18 years, 2 Months

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Work Experience

Total years of experience :18 years, 2 Months

CFO at Murabaha Finance , Financing Company
  • Saudi Arabia - Riyadh
  • January 2015 to June 2016

 Evaluate and adjust the current Procedures and policies.
 New System implementation - Accounting template and Chart of account.
 Re-calculation of the company's revenues from the straight-line method to the declining method.
 Negotiations with the consultants firms regarding Converted to IFRS.
 Lead the team for 2015 IFRS conversion In collaboration with KPMG.
 Evaluate the risk registration in coordination with the internal auditor
 Attending Board of directors meeting and audit committee.
 Visual presentation of financial result to the Board and SAMA - Saudi Monetary.
 Dealing with Banks about the Portfolios.
 Team member responsible for the preparation of Busniess Plan for five years.
 Lead the Financial controral and chief accountat to the daily work, quarterly and year end closing.

Vice President of Finance at Retal Urban development Company
  • Saudi Arabia - Dammam
  • January 2014 to January 2015

 Oversee the management and coordination of all fiscal reporting activities for the organization including organizational revenue/expense and balance sheet reports.
 Oversee the production of monthly reports including reconciliations with suppliers, as well as financial statements and cash flow projections for use by management, as well as the Executive Committee and Board of Directors.
 Attend Executive committee meetings
 Participate in feasibility studies with respect to the costs and methods of financing
 Ensure adequate cash flow to meet the organization's needs.
 Monitor banking activities of the organization
 Worked with the CEO to ensure success through cost analysis
 Oversee all purchasing and payroll activity for staff
 Assuring the cost-effective benefit plans and other fringe benefits which the organization may offer employees and potential employees with the goal of attracting and retaining qualified individuals.

Finance Manager at AL KHOZAMA MANAGEMENT COMPANY (AKMC)
  • Saudi Arabia - Riyadh
  • January 2009 to December 2013

 Leads Accounts Division.
 Approves Journal transactions.
 Checks and approved Bank reconciliation & other adjustment.
 Checks and approved the AP payment.
 Prepares forecast cash flow reports.
 Special Ad hoc assignments for the board and senior management.
 Handles credit facilities, including negotiation and analysis of credit lines.
 Recive monthly report from store for the materials used.
 Manages the relationship with other subsidiaries and affiliates.
 Manages relationship with External Auditors and other matters relate to external reporting.
 Manages internal financial reports, creditors reports, Zakat & Tax reports and GOSI reports.
 Manages budget process under the supervision of CEO.
 Member in committee that in charge of the negotiation to purchase a new system for the company.

Accountant -Chief Accounting –Act. at Industrilization & Energy Services Company (TAQA)
  • Saudi Arabia - Riyadh
  • June 2007 to December 2009

 Reviews and analyze the effectiveness of operating procedures and daily entries (Payables and Receivables).
 Prepares the payroll and all related issues that concern GOSI.
 Prepares monthly bank reconciliation reports.
 Prepares monthly trail balance sheet.
 Prepares regular quarters and final reports (balance sheet, income statement, and cash flow).
 Interacts and coordinates with Subsidiaries Company to preparation financial statements.
 Consolidates the financial statements.
 Responsibles for the overall accounting.
 Preparation of budgets, and control the budget vs. actual.
 Interacts and coordinates with internal and external auditors in completing audits.
 Preparation financial statements and other reports for the board of directors.
 Assists the finance director in preparation of all documents needed & investment cash Recommending changes & improvements as appropriate.
 Communicate and cooperate with other departments, other duties as assigned.
 Preparation Zakat Form.
 Analyze the financial with explanation figire to Audit Committee after consolidation.
 Member of Company IPO Project Team.

Tender Division Accounting Supervisor at Saudi International Trading Company Limited (SITCO-PH)
  • Saudi Arabia - Riyadh
  • May 1998 to June 2007

 Issuing of receipt vouchers for the amount collected from the representatives that will be issue to an appropriate customer account to settle their invoices.
 Responsible for the accounting for tenders and contracts with ministries and other government hospitals.
 Make monthly sales reports for each principal and monthly report for the collection.
 Billing of packlist and delay Fins Reconciliation.
 Bank reconciliations and tracking dispatching invoices from the warehouse
 Leading physical inventory counting teams and In-charge of follow up on the collection (for dishonored cheques)
 View of shipment documents which come from out of the kingdom (principal) and confirmed it before input to computer, Debit/Credit notes accounting and Issuing of credit notes for the returned goods received from the customers

Preparing Monthly the following reports

 sales report.
 Collection report

Education

Master's degree, MBA
  • at Al faisal unifersity
  • June 2012