Finance & Budgeting Senior Manager
SABIC-Petrokemya
Total years of experience :20 years, 2 Months
•providing and interpreting financial information;
•monitoring and interpreting cash flows and predicting future trends;
•analysing change and advising accordingly;
•formulating strategic and long-term business plans;
•researching and reporting on factors influencing business performance;
•analysing competitors and market trends;
•developing financial management mechanisms that minimise financial risk;
•conducting reviews and evaluations for cost-reduction opportunities;
•managing a company's financial accounting, monitoring and reporting systems;
•liaising with auditors to ensure annual monitoring is carried out;
•developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organisations such as the Inland Revenue;
•producing accurate financial reports to specific deadlines;
•managing budgets;
•arranging new sources of finance for a company's debt facilities;
•supervising staff;
•keeping abreast of changes in financial regulations and legislation
2011 - Present SECTION Manager- COST BUDGETING & REPORTING
Key Achievements
• Developing and implementing improved procedures and processes to ensure a higher quality of product costing and reporting in SAP
• Contributing considerably towards the design and implementation of a computer application to facilitate improved budgeting and planning
• Receiving recognition from the company president for distinguished efforts and dedication in 2011
Responsibilities
• Fully responsible for managing all aspects of budgeting, operational plans, cost control and reporting for a Petrochemical company
• Playing a major role in the preparation and development of successful business plans and departmental budgets for five years
• Supervising, leading and motivating staff, conducting appraisals and ensuring they have the skills and tools to do their individual jobs effectively
• Monitoring training and development for staff, analysing training needs, making recommendations for solutions and maintaining records
• Monitoring company costs, analysing the data and providing accurate and comprehensive variance analysis reports
2007 - 2011 SECTION HEAD - TREASURY & FINANCIAL SERVICES
Key Achievements
• Designing and implementing a centralized treasury system, successfully increasing the efficiency of financial processes between multiple departments
• Receiving recognition as one of the company’s best performers in 2009
Responsibilities
• Fully responsible for all cash management of the treasury, determining the cost and viability of projects and assigning finance accordingly
• Managing as effectively as possible cases of cash surplus and deficit and all relevant accounting and financial principles
• Conducting thorough analysis of the income, balance sheet and overall performance of the company and predicting future trends
• Managing the team responsible for project accounting, monitoring the performance of projects and developing solutions to any problems .
Key Achievements
• Playing a key role in the creation, development and successful implementation of an improved anti-money laundering system
Responsibilities
• Conducting a comprehensive feasibility study into opportunities for new branch openings and business development
• Working with a number of successful and productive teams on capital budgeting, revenue and expenses forecasting
In the period of coop training i was in the credit administration department in the area of credit risk rating
I graduated from king fahd university of petroleum and minerals, with a BS in finance and economics.