Head -Finance dept
Eastern Alliance Co Ltd
Total years of experience :28 years, 0 Months
Key Responsibilities:
• Lead teams in accounting, finance, Treasury and collection.
• Develop and maintain internal control systems to safeguard assets.
• Provide financial insights into strategic management decisions, joint ventures, and partnerships.
• Financial planning for 3 yrs Plus along with modelling
• High (management/group) level financial reporting and analysis
• Cash and fund flow management, Debts and credit/ collection management.
• Analyze the cost and identify opportunities for cost optimization and improve efficiency across business functions.
• Ensure proper settlement of zakat, taxes (VAT & WHT) and their due reporting to authorities.
• Manage all accounting functions, including billing, AR, AP, Inventory, Assets, Cost accounting and revenue recognition.
• Driving investment decision (capital project) thru capital budgeting analytical tools like-(ROI, NPV, IRR, PAYBACK)
• Ensure sufficient funds are available to meet on- going operation requirements.
• Solve complex accounting issues.
• Review quantitively client’s various contracts, proposals and ensure its financial viability.
• Build and manage relations with financial stakeholders across all regions.
• Management of company banking facilities SR 150M, along with relationship.
• Performing ERP implementation (SAP-FICO), establishing system controls & developing procedures to improve system.
Highlights:
• Led the process of long-term financial plan, develop financial KPI’S, ROI projection for new projects and engaged in strategic
initiative and supported decision-making thus drove towards value creation.
• Re-organized and re-structured the finance function with more improvement, thus reduced reporting time by 15 days.
• Restructuring of the banking credit facilities with no additional cost.
• Steered efforts in formalizing a mechanism of project wise details of projected vs actual results comparison, its monthly
management reporting, engaged in identifying project in-efficiencies and help management to reduce cost by 20%
Key Responsibilities:
• Direct, lead, and effective management of Co.’s day-to-day Accounting / Finance dept’s functions.
• Take lead role with Finance’s head to develop, implement & monitor the financial planning, procedures & its control.
• Overseeing the finalization of monthly, Quarterly & yearly closing of the accounts.
• Management of company’s financial statement analysis of financial and management reporting.
• Management of the Financials of Subsidiary’s, Associates & Partners Co’s of the Parent/Group Company
• Liaised with external auditor and finalizing the audit of Parent Co. along with & Subsidiaries and Associates Co.
• Review and approve financial transactions, internal control procedures, and financial reporting activities.
• Developing the VAT Strategy, identifying VAT related transactions its recording & recon. with return filling details.
• Formulation of annual and long- term revenue & expenses budget, its control analysis and variance reporting.
• Overseeing the acquisition and disposal of Assets per Co. policies and procedure.
• Ensure that controls and finance SOPs on credit collections, purchasing functions are adequate and regularly updated.
• Computation of project revenue % of completion, billed & unbilled analysis, reconciliation & reporting.
• Cash flow preparation, review borrowing needs, fund management, its element analysis and reporting.
• Acted as Finance dept. head during the absence of CFO and performed related duties.
• Banking and institutional negotiation to obtain the line of credit and other financial services as & when required.
• Management of banking facility worth SR 100M which includes working capital, Term loan, Overdraft, LCs/LG’s etc.
• Expertise & equipped with Treasury and Trade Financing tools, like Letter of Credit, its re-financing, discounting facility,
Bills / Notes, CAD for Import, Bonds & shipping Guarantees, and Margin A/c management etc.
• Inspire, motivate, and influence staff by setting Integrity, business objective, KPI’s and professional standards.
Highlights:
• Management of finance functions of the Co worth 300M, its financials management, MIS and up to date reporting.
• Played a key role in creating segment wise budgeting, identifying wastage at stages and help management to reduce cost.
• Negotiated new credit line of SR 100M with reduced rate, got margin reduced by 90%, thus reducing finance cost.
• Introduced stringent financial and effective measures, to cut down the overall cost and enhanced the bottom line of
the Co. by 15% over the last 3 years.
Key Responsibilities:
• Managed & Performed:
o Financial activities of Co. worth SR 300M & supervised a team of 7 Accounts Professional
o Capital budget worth SR 80M PLUS.
o Audit / Tax related compliance in issuance of final Zakat certificate & related return.
• Set up the entire H.O & project Finance & Account dept. and project accounting procedures.
• Prepared Financial & Management Reports like cost & benefit analysis, productivity analysis, inventory turnover analysis
and cost variance analysis, created and reviewed business plans and financial models.
• Took lead position to develop, implement the overall financial goals, procedure related to financial management,
accounting and budgeting.
• Prepared Company's revenue & capital budget and variance reporting from base to management.
• Conducted segment-wise cost analysis based on BOQ, gap analysis, proposed action review & management reporting.
• Performed final review and validation of project invoices based on CIP &progressing billing to be submitted to client.
Highlights:
• Successfully implemented Focus-ERP- GL, Budgeting, Assets & Estimation modules in H.O finance dept.& at project site.
• Overseeing the timely closing of monthly, quarterly & annual accounts and up to date reporting to management.
• Played a key role in creating segment wise budgeting, identifying wastage at stages and help management to reduce cost
• Lead role in obtaining banking credit facility worth SR 75M and its management.
Responsibilities:
Overall management of Accounting dept whole functions- which includes:
GL closing, supervision
Payroll management
Financials finalization and reporting
Audit / tax
Inventory management
Assets accounting
A/R management
ERP Focus- Entry control and data verification - Focus
Other management report as and when needed
Responsibilities:
Responsible for GL ledger, banking and A/R
Reporting to Accounting Head
CMA- CERTIFIED MANAGEMENT ACCOUNTANT - QUALIFIED - 4TH TOPPER IN JEDDAH REAGION
MBA- FINANCE