Chief Financial Officer - CFO
Sanabel Al Salam Co.
Total years of experience :26 years, 3 Months
• Strategic financial support for new investment
• Stablish and maintain lines of communication with investment bankers, financial institution, and shareholders
• ERP implementation / Improvement “SAP”.
• Financial Strategic planning and team ongoing in-house training.
• Manage short, medium and long-term investments.
• Management and supervision of finance, Treasury, Accounting and IT department staff and setting policies and procedures deem necessary for the performance of tasks.
• Liquidity risk management
• Monthly / weekly Financial and KPIs Reporting
• Ongoing production cost control.
• Manage relationship with banks and other investors.
• Feasibility studies current business expansion.
• IPO preparation Financial, Legal and marketing.
• Manage processes for financial forecasting, budgets and 5 years Business plans
• Maximizing the profitability
• New bank financing deals “LCs, LGs, Short- and long-term Finance”
• Direct and oversee all aspects of the Finance & Accounting functions of the organization
• Provide executive management with advice on the financial implications of business activities
• Coordinate and manage various monthly, quarterly and annual audits
• Attend all BOD meeting and represent the Financials and its related analysis
• CEO Interface and Support - Ensure that the CEO is fully informed of the group's financial position and corporate activities, Structuring and Business transactions/deals
• Review and comments on all major contracts and agreements covering the commercial part and risk factors
• Maintain the delegation of authority matrix based on the direction of the CEO and approval of the
• Board of Directors
• Assess the legal requirements and risk factors of the financial transactions executed and work closely with the legal office on monitoring and implementing them
• SOCPA conversion to IFRS and its related SAP implementation
• VAT / Tax / Zakat
• External Audit relation
• Represent NPKCapital in all Board of Directors committees and related meetings as required.
• Identified opportunities for cost-reduction and conducted reviews and evaluations to assess impact and feasibility.
• Tracked and logged expenses, ensuring spending remained within approved budgets.
• Prepared management accounts and budget-holder reports, identifying significant trends and variances.
• Utilized financial insight to create strategic medium and long-term plans to support company growth.
• Executed year-end audits, working with external auditors to confirm clean financial audits and implementing any improvement suggestions promptly.
• Oversaw investments, operating cash, credit cards and all treasury functions.
• Updated company financial policies and procedures to enhance internal control over accounting and other management systems.
• Reported on financial situation to guide decision-making and budget formulation.
• Assessed financial strengths and weaknesses of company strategy.
• Produced year-end financial statements in line with regulatory standards.
• Renegotiate all brands (International retail brands) agreements
• Develop and implement operational policies and a strategic plan
• Renegotiate local supplier's agreements
• New Location approval
• ERP implementation “AX”
• Liquidity risk management
• Track company performance through KPI
• Approve the season buying and pricing
• Prepare and update the 5 years Business plans according to company strategies.
• Maximizing the profitability and Identified opportunities for cut cost.
• Direct and oversee all aspects of the organization
• Review and approve all major contracts and agreements covering the commercial and risk factors
• Maintain the delegation of authority matrix based on the direction of the Board of Directors
• Develop the company's culture and overall company vision
• Help with recruiting new staff members when necessary
• Oversee the company's fiscal activity, including budgeting, reporting, and auditing
• Build alliances and partnerships with related organizations
• Oversee the day-to-day operation of the company.
• Prepared management accounts and budget-holder reports, identifying significant trends and variances.
• Identified financial data discrepancies, investigated causes and proposed solutions.
• Carried out business modelling and risk assessments to identify potential pitfalls before they happen.
• Oversaw all financial business affairs, verifying they are conducted legally and professionally with full regulatory compliance.
• Designed and established processes for ongoing information gathering to help evolve strategic thinking.
• Trained and mentored junior finance team members in accounting processes to enhance overall team performance.
• Updated company financial policies and procedures to enhance internal control over accounting and other management systems.
• Monitored expenses, income, budgets and petty cash records and acted upon errors.
• Produced year-end financial statements in line with regulatory standards.
• Consulted with managers and chief executive to understand financial situation.
• Improved organization’s financial health and operation viability.
• Directed financial team, established controls and set policies for optimum operational results.
• Managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting.
• Advising on long-term business investment and financial planning.
• Ensure cash flow is compatible with operations by overseeing day-to-day accounting, recording, reporting, and internal-control activities of the organization
• Establishing and developing relations with senior management and external partners and stakeholders
• Reviewing all formal finance and IT related procedures
• Strategic planning and expansion.
• Arrange and negotiate bank facility based on company needs.
• New brands negotiations and agreements.
• Feasibility studies current business expansion and new business.
• Work closely with Group CEO “KSA” to add more brands to Egypt Business.
• Prepare the 5 years Business plans and present it to the BOD in KSA for approval.
• Develop and improve the financial policies and producers.
• Develop reliable cash flow projection process and reporting mechanism.
• Review and comments on all major contracts and agreements covering the commercial part and risk factors.
• Ensure team members are clear about their roles, responsibilities, objectives, key performance measures and work schedule
• Comply with national and local financial requirements by studying existing and new legislation and taking appropriate action
• Assess the legal requirements and risk factors of the financial transactions executed and work closely with the legal office on monitoring and implementing it.
• Oversee the day-to-day financial performance of the company.
• Retail Investment in other countries “UAE, Jordan, Egypt, Kazakhstan and Turkey”
• Responsible for Banks Facility Agreements in KSA and other countries
• Key player in the fashion retail business IPO
• Control and manage all Banking transaction, LCs, LGs, and Treasury Deals
• Daily Cash Position report
• Preparing the Monthly Cash Flow and comparison between budget and actual
• Preparing the Monthly, Semiannually and annually budgeted cash flow
• Review on monthly bases the company portfolio in the Saudi Market
• Prepare Monthly Financial Statements
• Coordinate with the external audit the Annual Group Audit.
• Calculated and advised on estimates for project funding and continued running costs to inform financial decision-making.
• Completed account reconciliations to review and clear balance sheet control accounts on monthly basis, maintaining documentation to support audit.
• Finance and Accounting
• Prepare Monthly Financial Statement.
• Prepare Daily Cash Flow and Aging analysis report.
• Review the settled operations with MCSD
• Report on the financial cost of the debtors and review all entries prepared by other staff.
• Contact Person with the External Auditors.
• Maintain the accuracy and timeliness of financial / accounting processes and reporting in accordance with company accounting policies, IAS, GAAP and other regulatory requirements
• Preparation of monthly forecasts incorporating historical results and future assumptions.
• Management and supervision of finance & accounts department staff and setting policies and procedures deem necessary for the performance of tasks.
Audit and Management Consultant
Performing the planning activities, understanding the business and internal controls, designing audit program, supervising and reviewing the juniors’ fieldwork, preparing the management letter and Financial Statement in accordance with the IAS.
in progress
Financial Performance certificate "Online"
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Very good