VP Finance
Food Unit Company
مجموع سنوات الخبرة :24 years, 7 أشهر
Lead the finance in 7 business units ( F&B - Retail - Manufacturing ) directly reporting to CEO & Board of Directors.
Providing leadership impacting the strategic growth, financial stability, and effective execution of Food Unit financial plan.
Working with the Business Units Managers to provide direction and financial counsel to the CEO to effectively execute the company’s business strategies.
Developing standard policies and procedures to govern financial decision-making (budgets, expenses management, and capital spending) to ensure the achievement of profitability objectives.
Partnering closely with the Business Unit Finance Heads on specific issues, and providing assistance, expertise, and development/coaching support that builds financial acumen throughout the organization and enables the achievement of goals in a manner consistent with the values of the organization.
Acting as a liaison and coordinating strong interactions among corporate departments (accounting, treasury, budgeting & reporting and tax) and business units.
Lead the implementation of SAP Business One ERP.
Driving an efficient, effective, and comprehensive process for developing, monitoring, and analyzing the company’s global annual budget and quarterly/monthly forecasts and analysis of actual results against those targets.
Directing the company’s reporting to internal and external stakeholders to lenders, equity holders, board of directors, and senior management; including responsibility for the monthly reporting package of operating statements, KPIs, trend analyses, and
executive level commentary.
Direct and oversee all aspects of the Finance & Accounting functions of the organization.
Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives.
Ensure credibility of Finance by providing timely and accurate analysis of budgets, financial trends, forecasts and various Key Performance Indicators either operational or financial.
Participate deeply in the preparation of company’s short and long-term business plan with GM and other executives.
Develop general policies and procedures for all financial transactions and accountancy and keep it updated.
Manage the Cash Flow to ensure maintaining acceptable level of liquidity.
Manage processes for financial forecasting, budgets and reporting of the company.
Liaise with bankers, auditors, directors, and tax agents on behalf of the company.
Reporting to the Group CFO and Country Manager.
Manage the overall accounting, finance, costing and treasury functions
Responsible for financial reports, annual report/ budget and cost control management in accordance to the corporate requirements.
Ensures timely, accurate and complete feed of the chart of accounts and strictly adheres that balance sheet reconciliations been done and all reconciling items are acted upon before submitting it to HQ in Riyadh.
Supervise the maintenance of accounting records as well as recording of financial transaction within each accounting period, to ensure completeness.
Directly responsible for the monthly / annual financial closing activities by Preparing detailed monthly and year end closing activities with clear tasks assigned to finance team members and time lines to ensure meeting corporate reporting deadline.
Provide management with the following month-end reports:
- Monthly Profit & Loss and analysis of significant issues and variances.
- Cost Centers Analysis Report (Actual vs. YTD estimate/forecast).
- Balance Sheet and Cash flow statements.
Supervise point of sales & Inter Company’s reconciliation.
Ensure that all reporting requirements, internal and external are complying with at all times to a high level of accuracy.
Insure all unusual income statement / balance sheet / statement of cash flow variances resolved on a timely basis.
Ensure internal control over financial accounting and reporting, safeguarding of assets of the company.
Oversee cash flow planning and ensure availability of funds as needed.
Develop the company’s short and long-term business plan using Best Practice Spreadsheet Modeling.
Receiving the budget estimates from all departments of organization and critically examines them for correctness, accuracy and completeness.
Consolidating the data for budget presentation and providing an overview of the financial status of all the operations.
Assists in the development and implementation of goals, policies, priorities, and procedures relating to financial management, budget, accounting, and/or payroll.
Identify, evaluate and monitor the company’s financial risk.
Review and approve the company’s monthly/annual payroll and bonus.
Approve all company’s payments either in cash or through banks.
Ensure from adhering to pay all types of taxes as per legal deadlines.
Liaise with bankers, auditors, directors, and tax agents on behalf of the company.
Responsible for negotiation with banks to get the best benefit of the company.
Developing needed feasibility study for any new project as required by top management.
Business Consultations
o Designs the company’s operational work flow.
o Establishes system controls for new financial system.
o Supervises the initiation of computerized accounting system and design the policies and procedures that ensure the existence of reasonable internal controls (ASWAQ 6 software).
o Directs the maintenance of general and subsidiary ledgers, accounts receivable, accounts payable, revenue distribution, depreciation, cost, property, and operating expenses records.
o Directs the stock control activity and all processes involved.
o Directs and participates in cost analyses in order to facilitate pricing process.
o Supervises preparation of the company’s monthly payroll sheet.
o Supervises the preparation and submitting of various financial statements and reports (Monthly, quarterly and yearly) and data (supporting schedules and analysis such as receivables aging analysis, liquidity and profitability ratios, inventory turnover, reasons for losses / profit decrease, if any, and other) to the top management to enable taking the right decisions and corrective actions that might be necessary in the circumstances.
o Closely monitors and prepares the necessary forecasts of the company’s cash flow in order to ensure a healthy cash flow and identify potential problems and opportunities for better investments.
o Participating in setting credit policies and credit limits to be granted to clients.
o Directs internal audits that involve review of accounting and administrative controls.
o Handling the negotiation process with banks to get the company the optimal bank credit facilities.
o Coordinate with the company’s external auditor as well as tax advisor to ensure compliance with the legal regulations.
o Supervises and initiates all the accounting and financial reporting issues relating to the company’s sister company “PRO-TEC International “ in RAK, UAE.
Manage all paper works with internal or external parties.
Check, audit and sign purchase orders.
Manage the company's monetary assets.
Follow-up customers collection process and chase any delays.
Follow-up progress reports concerning the actual Sales and make sure that it's aligned with the company's budget.
Monitor and control in-coming warehouses,
taking in consideration, commitments and complies with the company's policies and regulations.
Manage, supervise the department personnel activities.
Revise the preparation process of the company
monthly financial statements(BS-IS-SCF).
Provide all business units with timely various
analysis reports.
Check and revise the company's credit
facilities(obtained-offered) with customers,
suppliers and banks.
Conduct and manage the company's annual stock count.
Ensure the accuracy and the completeness of the Operations' documentation cycle.
Follow the company's bank accounts balances.
Confirm from company's accounts balances with clients, suppliers and sister companies.
Prepare monthly plan for the company's cash flow.
Verify allocated and post journal entries of
business transactions on the accounting system.
Ensure that internal controls procedures are
effective and efficient.
Ensure from paying all type of taxes on time.
Review the company's monthly payroll sheet.
Prepare necessary comparisons between budget and actual records and analyze any variations.
Participate in determining credit limits for
company's clients.
Provide the company's auditors with all the data
and information needed for the auditing process
in order to facilitate their work.
Review and approve the journal entries for
general accounts in the accounting system.
Follow the suppliers' balances and the
payables to them.
Follow the receivables and the collecting
process from customers.
Checking for fraud if any fraud indicators
appeared.
Follow the acquisition and disposal process of
fixed assets and ensure that depreciation is
calculated in compliance with the company's
policy.
Follow the company's bank accounts balances.
Review the monthly payroll sheet and
commission sheet.
Participate in the physical count of cash and
inventory and fixed assets.
Participate in the auditing process for the
company's financial statements with the
auditing firm at the end of the year.
Preparing any reports as required from
Management.
Enter the sales invoices into the accounting system.
Enter the receipts from customers into the
accounting system .
Follow the collecting process from customers.
Prepare sales reports monthly for company's
management.
Calculating the sales men's monthly commission and preparing the commission sheet.
Preparing customers position monthly report.
Participate in the physical count of inventory and fixed assets.
I'm MIBA (Master in International Business Administration - Global Finance) my GPA was (3.98 out of 4.00) i ranked the third over four groups (27-28-29-30) and i was granted honor.
- Faculty of Commerce. - Ideal Student for the Faculty of Commerce for year 1997.