CFO
masad mutiri company for constructions
مجموع سنوات الخبرة :16 years, 6 أشهر
• Establish and implement all financial policies,
practices, standards, control measures and reporting system
• Prepare the annual financial plan for the group
, helping the other Deps to prepare their
estimated budgets
• Prepare the annual cash follow for the group
, considering the best tool to minimize the
financial deviation, investing the surplus in the
best investment
• Keep strong partnership with current banks
, creating relations with new banks
• Study the financial needs periodically, in order
to use the bank facilities limit effectively
, opening new bank facilities with current or
new banks which shall fit to the suitable capital
structure
• Mange the working capital effectively
, considering the lowest financial cost, risks
• Mange capital structure choosing the lowest financial cost
• Analysis and evaluate the investment
opportunities, recommending the investment
with low risk and best profit
• Maintains and improves the integrity of the
Almutiri company’s financial practices
• Manage Almutiri company’s financial
performance reporting by preparation and
analysis the balance sheet, profit and loss
statement, and cash flow statement monthly.
• Monitor and manage cash flow in order to be
sure its sufficient and sustainable to support
operations.
• Monitor and Perform day-to-day bookkeeping
and accounting functions.
• Advise the COO &ownership for any potential
financial risk
• communicate Effectively with the Chief
Operations Officer and ownership, responding
promptly to their inquiries that related to cash
deposits, credit card deposits, accounts payable,
cash paid out and end of day reporting.
• Monitor Almutiri company’s revenue accounts,
including all accounts receivables, making sure,
billings are submitted in a timely manner and
pursuant to all contracts.
• Ensure the financial transactions of Almutiri
company is in compliance with policies, laws
and regulations
• Monitor the zakah, tax regulations which are
required to be applied continuously
• Oversee the preparation of financial
statements for the mother company and sister
companies
• Monitor key financial indicators and prepare
regular reports for management.
• Analyze Financial statements monthly,
quarterly and yearly.
•Provide support to Operations group, through information analyses (e.g. current processes, actual performance vs.budget and prior year, budget, etc.), preparation of operational data/analyses for publication to various constituents throughout company (Management, projects director, tech. office, Operations, etc
•Working capital management
•Capital structure
•Capital budgeting
•Make annual finance plane and the budget for the company
•Study and analysis the financial status for the company making the expected cash follow quarterly, determining the financial requirements
•Create a good relationship with banks to get the required finance and other service for the company
•Make control continuously for financial facilities limits to make sure the limits are sufficient
•Prepare monthly analysis of P&L against prior year and budget, providing explanations and business solutions to help mitigate the risks.
•Partner with Projects Management and Purchasing Team in determining financial impact due to projects cost reductions, new projects etc. and prepare periodic forecasts to update management on projected results
•Analyze financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.
•Identify, investigate, and analyze potential operational improvement. As appropriate, based on findings make proposal for operational changes (policy, procedures, processes, etc.).
•Maintain all kind of managerial reports needed such as projects profitabilites, projects current situation etc.
•Perform all other duties as assigned and required.
•Prepare all documents which is required by saudi contractors classification authority in order to promote the company classification, until get the certification
•Active member of developing business team
•Follow up with zakat and income authority, resolving all issues regarding to zakah and VAT, making sure that everything is done according to law
•Prepare the financial statement according to IFRS
• Other Tasks done by me
-Prepare policies for financial dep, procurement and store dep
-Governance index for the company
-Increase the classification of the company from 5 to 2clasification with saudi contractors classification authority
-Evaluate several opportunities, making feasibility study and all analysis to prepare final decision for CEO
• build and maintain networking with others company executives and board directores
• organize and lead the mapping, analysis and business process improvement
• assess and foster the ethical climate of the board and mangement
• educate senior mangement and board on the best practices in governance, risk management, control and compliance
• coordinate IA efforts with external auditors, and other internal assurance functions
• Assess the adequacy of the performance measurement system, achievement of corporate objective
• planing, organizing, achieving internal auditing operations including prepare the annul internal auditing plane and strategy plan
• matching the role of the internal audit function within risk management framework
• Report on the effectiveness of corporate risk management processes to senior management
• Report on the effectiveness of the internal control and risk management framework
• maintain effective quality assurance improvement program
• assitional tasks done by me preparing the governance index for the company, financial policy, store policy, procurement policy and sharing as consultant in preparing hr policy
• Participate in the development of the company Internal Audit Department strategy, budget and planning process
• prepare the audit plan yearly
• Facilitate effective utilization of audit time budget to help complete the annual audit plan by the year end
• Contribute to identifying new opportunities and initiatives that enable the Internal Audit Department to increase its impact
• Help monitor and track the Divisions on-going performance and quality of it services and outputs, identifying and initiating actions for improvement and innovation
• lead audit activities and manage complex audit assignments
• Perform risk assessment and prioritize risk areas to form the basis for annual audit plans
• Execute and implement agreed audit programs
• Identify and evaluate significant risk exposures operations
• Determine whether appropriate risk management processes are in place, adequate and effective, and recommend improvements
• Provide assurance on whether risk management process is sufficient to protect the assets, reputation and on-going operations of the company
• Identify the established objectives of a give business process, the risks to achieving these objectives, the controls to mitigate those risks, and the audit tests to ensure that such controls are in place and functioning adequately.
• Lead any special audit assignments or investigations mandated by GM
• Participate in formulating the overall judgement/opinion company risk management process and system of controls to senior management and board
• Ensure an effective and efficient audit function by implementing and monitoring the implementation of new audit systems, processes,
• Prepare and process all journal vouchers to accommodate daily operations
• Review accounts payable/accounts receivables balances to ensure accuracy and propose action to ensure a clear balance with a limit over 60/90/120 days.
• Check monthly, weekly and daily invoices process in the system.
• Control the documents related to Account Receivables, checks, and promissory notes. Follow up collections related to these debts depending on the maturity dates of these receivables/notes; and completing the data entry of their collections.
• Assist in the preparation of month end closing financial statements.
• Preparing balances confirmation letters to Vendors and Clients.
• Perform related duties and special projects as assigned
• Receiving and reviewing The Petty Cash expenses/small purchases reimbursements and preparing the weekly/monthly reports related to budgeted/actual expenses (i.e. checking overheads expenses and other daily/weekly/monthly expenses paid on cash basis).
• Participating in the periodic/annual inventory process and random/non-periodic checking for the inventory items and fixed assets (when needed)
الدرجة هي 72 % معدل تراكمي
الدرجة هي نسبة مئوية