Finance Director
Packaging Products Company
Total years of experience :24 years, 9 Months
Key Responsibilities
Lead and motivate finance team and enhance a team spirt among the employees
Ensured compliance with the financial authority power and bank signatory matrix in all payments and bank operations.
Ensured compliance with the policies and procedures of all departments within all accounting transactions
Ensured compliance with internal audit findings by taking the corrective actions
Ensured compliance with international Financial Report Standards (IFRS ) in all financial reports
Built strong relationship with suppliers, related parties, banks, auditors, Saudi industrial Development Fund and any other regulatory authorities for necessary business matters
Built strong relationship with reputable banks in Europe and Germany with lower cost of debts
Continuous input on improving policies in compliance with internal audit findings or external audit findings and any event weakens the internal control to avoid any fraud or error.
Prioritize and pay suppliers on timely basis and manage client's overdue amounts with sales director
Oversaw the cash collection, deposit and reconciliation process to ensure accurate recording and safe handling of cash
Applied dishonesty insurance policy to all salesmen, cashier and money transporter
Prepared timely financial reports and financial key performance Indicators too, presenting to the board of director on monthly and quarterly, and yearly for the general assembly meeting
Provide effective business analysis for the right decisions making purpose including contribution margin by products, machine wise profitability, machine wise break-even point and minimum order quantity, mark up production line which generate losses for decommissioning purpose
Continuous review of ERP systems and work with IT function closely and make it happened
Prepare five years business plan and link annual budget with it, oversaw the budget variance report on monthly basis with corrective action
Carried out feasibility study for expansions/ new projects
Oversaw the working capital norms and cash conversion cycle
Prepare cash flow forecasting & analysis, manage the funds effectively
Reviewed and updated the operational applied rates (Direct labor, direct machine direct overhead, indirect labor, Indirect overhead), production variances and efficiency report
Built unified chart of accounts and accounts manual, fast closing procedures, integrate all accounts to multiple dimension for analytical objectives
Key Responsibilities
Lead and motivate finance team and enhance a team spirt among the employees
Ensured compliance with the financial authority power and bank signatory matrix in all payments and bank operations.
Prepare Financial policy and procedures and policy manual
Managing company treasury and building strong relationship with reputable commercial banks, SAMBA, Rajhi, Al-Jazeera, Al-Inmaa and SABB.
Timely MIS to the management.
Oversaw due diligence process for merger with Mutabaqa.
Prepare five years business plan and link annual budget with it, oversaw the budget variance report on monthly basis with corrective action.
Oversaw the cash collection, deposit and reconciliation process to ensure accurate recording and safe handling of cash.
Ensured IT function is complied with IT policy and procedures.
2010 - 2014 Group Financial controller - ARASCO WWW.ARASCO.COM
Providing effective financial leadership to a finance team, to enable strategic foresight into the business and provide knowledge and accurate information to colleagues and senior management.
Key Responsibilities
Overseeing all aspect of financial control in the business.
Providing financial, commercial and strategic support to the business.
Preparation of management information from source data.
Unifying accounts ledger mapping overall strategic business units for easy consolidation.
Oversaw and smooth handling the interim audit and year-end audit processes with big four audit firms
Smooth handling zakat issues.
Developing, managing and motivating a team of finance professionals.
Worked as a part of a multi-site/ multi culture organization.
Identify and develop controls and processes to ensure all risks and opportunities are highlighted.
2007 - 2010 Managerial Accounting Manager - ARASCO WWW.ARASCO.COM
Prepared costing analysis report, Detailed inventory equation report, Production variance report and cost sheet
Oversaw implementation of planning and forecasting module in ERP
Prepared annual budget and monthly budget variance report.
Provided product sales price to vice president sales and marketing on monthly basis.
Feasibility study/ new projects reports.
Prepared balanced scorecard reports on monthly basis for each business unit and group company as well.
Adhoc reports to CFO.
Reviewed and updated the operational applied rates (Direct labor, direct machine direct overhead, indirect labor, Indirect overhead), production variances and efficiency report
As per attached CV
As per attached CV
As per attached CV
Bachelor of commerce Major field accounting and financial management in 1996.