Finance Manager
Saudi Jordanian Investment Fund (SJIF)
Total years of experience :11 years, 0 Months
Saudi Jordanian Investment Fund (SJIF) Amman, Jordan
Chief Accountant to Finance Manager May 2019 -Present
SJIF is a Limited Public Shareholding Company that is fully owned by the Public Investment Fund of Saudi Arabia (“PIF”). With a capital commitment of $3 billion, SJIF pursues strategic, sustainable, and economically feasible investments in Jordan’s vital and promising sectors. SJIF seeks to invest in viable long-term projects, create a clear and sustainable socio-economic impact in Jordan, and align its objectives with the Public Investment Fund of Saudi Arabia’s strategic investment direction.
• Accounting Policies and Procedures:
o Successfully led the implementation of SAP Business One in collaboration with a third-party advisor through carefully drafting SJIF’s technical requirements, managing the delivery schedules, and rolling out the system company-wide;
o Ensured the proper application of the IFRS principles; when consolidating the group`s financial statements
o Oversaw transaction documentation, bookkeeping entries, monthly reconciliations, and closing;
o Oversaw payroll-related and employee tax matters; and
o Ensured compliance with relevant laws and regulations in parallel with the company’s internal controls and procedures; and
o Oversee the tax reporting and manage the company tax exposure while complying with the applicable laws.
• Budgeting and Reporting:
o Oversee the monthly closing process and validate the financial statements.
o Prepare and present the consolidated monthly financial package for the group and discuss it with the management.
o Managed the financial planning and budgeting process for investments that are worth USD 400+ million across technology, infrastructure, and healthcare sectors, as well as budgeting for the company itself;
o Provided extensive financial advice and assistance to SJIF’s portfolio companies, advising on capital structure, budgeting cycles, and other strategic advice;
o Ensured timely capital drawdowns and capital deployment commensurate with the company’s investing timelines;
o Provided continuous reporting and updates to the company’s board of directors through situational financial analysis, tracking variances and taking corrective actions; and
o Supported the top management and members of the investment team on an ad-hoc basis.
• Third-Party Advisors:
o Collaborated with company auditors to ensure seamless workflow of the annual audit process;
o Managed the company’s tax filings and tax audits continuously;
o Acting as the company’s focal point for communication with banks
o Negotiated the company’s insurance contracts and ensured that SJIF is properly insured against different risks, including general, fire, third-party, and directors liability insurance; and
o Handled the procurement process and commercial agreements with vendors.
• Team Management:
o Lead a team of four finance specialists and accountants in delivering workflows while managing a tight schedule;
o Set the processes, KPIs, internal controls and policies and procedures of the Finance Department.
o Proactively coach and develop accountants to enhance their technical and interpersonal skills; and
o Appraise the accountants’ performance while pointing areas of improvement and communicating the appraisals to the management.
DADA Group Amman, Jordan
Senior Accountant October 2017 - April 2019
DADA Group is a regional electronics and home appliances retailer with own white-label products and an importer of 11 different brands. Led a team of five people to achieve the following:
• Prepared the company’s weekly and monthly reports, including but not limited to cash position, sales margin, and P&L;
• Maintained the company’s extensive fixed assets registrar, ensuring accurate capitalization and depreciation;
• Managed the opening and settlement of bank LC’s and bank guarantees, acting as the company’s focal point for communication with banks;
• Performed the costing and posting of inventories, ensuring its accuracy and reporting any deviations;
• Managed cash outflows through checking payments and signing payment vouchers; and
• Reviewed the sales tax report and ensured thorough reporting to the tax authorities.
IKEA Amman, Jordan
Accountant to Senior Accountant February 2014 - September 2017
Part of the founding team of IKEA Jordan. Led a team of four accountants to achieve the following:
• Posted inventory and prepare detailed reports for COGS and stock accounts on a daily basis;
• Monitored the application of the warehousing procedures & inventory management;
• Acted as the cost controller for IF&B (IKEA Food & Beverage) stock, COGS, margins, and all related procedures and reports.
• Managed the claims for IF&B Suppliers, reconciling their accounts, and issuing their payments monthly;
• Built IKEA’s fixed assets register, ensuring accurate accounting for the company’s fixed assets;
• Reviewed and posted journal entries to the general ledger;
• Prepared monthly P&L, management reports, and daily sales reports; and
• Drafted and reviewed contracts and agreements.
Umniah Amman, Jordan
Accounts Payable Accountant February 2013 - October 2013
Telecommunications company that is the second largest operator in Jordan. My responsibilities included the following:
• Managed the full cycle of account payable from issuance to processing vendors’ invoices, credit notes, and payments while maintaining strict adherence to the company’s working capital policy;
• Reconciled suppliers’ statements regularly and upon request;
• Managed the day-to-day relationship with banks by preparing and processing cheques and wire transfers; and
• Maintained day-to-day relationships with vendors by timely responding to their requests and inquiries.
• Cumulative GPA: 3.15 / 4.0; Jordanian Tawjihi (Literary Stream): 90.00%. • Qualifications: Passed CMA Part 1 in September 2021, CMA Part 2 candidate for June 2022
