Chief Financial Officer,CPA
Al Jabr Financing Corporation
Total des années d'expérience :24 years, 9 Mois
Principal Accountabilities:
Management
1. Maintain a documented system of accounting policies and procedures
2. Manage outsourced functions
3. Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the department's goals and objectives
Funds Management
1. Forecast cash flow positions, related borrowing needs, and available funds for investment
2. Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
3. Use hedging to mitigate financial risks related to the interest rates on the company's borrowings, as well as on its foreign exchange positions
4. Maintain banking relationships
5. Assist in determining the company's proper capital structure
6. Arrange for equity and debt financing
7. Invest funds
8. Recommend appropriate dividend issuances, based on historical dividend patterns and expected cash flows
Budgeting
1. Manage the preparation of the company's budget
2. Report to management on variances from the established budget, and the reasons for those variances
3. Assist management in the formulation of its overall strategic direction
Financial Analysis
1. Engage in ongoing cost reduction analyses in all areas of the company
2. Review the performance of competitors and report on key issues to management
3. Engage in benchmarking studies to establish areas of potential operational improvement
4. Interpret the company's financial results to management and recommend improvement activities
5. Review company bottlenecks and recommend changes to improve the overall level of company throughput
6. Assist in the determination of product pricing in relation to features offered and competitor pricing
7. Compile key business metrics and report on them to management
8. Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
9. Create additional analyses and reports as requested by management
Additional Accountabilities:
- design and develop a sustainable General Ledger system on a substantially automated basis leading to a faster closing of periodical accounts specifically for the following issues :
- The calculation of the monthly earned revenue that generated from LTO and Installment portfolio.
- The Calculation of the monthly provision of doubtful debts that prepared and implemented by the same way as which adopted by the ANB and other banks.
- Create smart solutions that consider the staff academic and professional levels.
- Establishing policy and procedures of all tasks involving invoicing, cash application, month end close, accruals and account reconciliations.
• Applying a thorough understanding of the financial reporting and general ledger structure
Ensure an accurate and timely monthly, quarterly and year end close.
• Monitoring and analyzing department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
• Interfacing with other departments to verify transaction report data and issues
advising staff regarding the handling of non-routine reporting transactions
Work with the retained CPA firm to ensure a clean and timely year end audit.
• Assisting in development and implementation of new procedures and features to enhance the workflow of the department.
• Providing training to new and existing staff as needed.
• Working with direct report to establish performance goals and objectives for each year and monitoring and advising on the progress to enhance the professional development of staff.
• Providing leadership and oversight of the companies Accounts Receivable activities and Analyzing Trade Accounts Receivable aging.
• Preparing annual budget starting from sales budget to cash flow budget.
• Ensuring the timely reporting of all monthly financial information
Initiate budget and forecasting activities.
• Prepare monthly financial statements to include the monthly balance sheet, income statement and report on changes in financial position/budget variances and maintain related records.
• Responsible for AL HFOUF area which contains 2 vehicles showrooms, 2 workshops, 3 spare parts shop.
• Responsible for other owners’ properties at AL HOFOUF.
• Prepare annual trail balance along with all provisions and allowance and provide them to the group finance manager
Real state taxes officer at Egypt (leave without pay).
• Attend client audit’s checking and reconciling financial information to ensure it is accurate and true.
• Ensuring that the audit documentation is kept in order and can be easily understood by others.
• Producing audit work papers and documentation for checking and approval by superiors.
• Assisting in the production of audit reports.
• Assisting in ensuring the firm is compliant with risk management procedures.
• Responsible for delivering a complete audit as per KPMG audit requirements.
• preparing appraisal reports, keeping up-to-date on the local real estate market and handling additional responsibilities as needed.
• Prepares asset, liability, and capital account entries by compiling and analyzing account information.
• Documents financial transactions by entering account information.
faculty of commerce with grade good
