Chief Financial Officer
Technology Control Company
Total des années d'expérience :21 years, 3 Mois
* Building finance department that is capable of supporting the company at all levels.
* Implementing financial operational best practices and systems.
* Leading the company’s budgeting process and budget monitoring.
* Managing the Accounting, Treasury and Zakat & Tax functions.
* Supervising the financial operations and financial performance of the company and its subsidiaries and foreign investments.
* Ensuring that record keeping meets the requirements of auditors and government agencies and that financial statements are issued in compliance with SOCPA /IFRS standards.
* Managing the relations with external auditors and investigate their findings and recommendations.
* Monitoring cash balances and cash forecasts and hedging them against currency fluctuations.
* Arranging for debt and equity financing whenever needed.
* Building the strategy for managing the excess funds.
* Building strong banking relationships.
* Assisting in formulating the company’s future directions, and supporting tactical initiatives.
* Maintaining strong relations with all TCC executive management team
* Developing key performance indicators for all Business Units within TCC that support the company's strategic direction
* Reporting and discussing business units’ financial results with the respective business units heads and the board of directors
* Monitoring and directing the implementation of TCC’s strategic business plans from financial prospective.
* Supervising acquisitions due diligence, valuations, and negotiate acquisitions. Assigned by the board in the completion of 3 acquisition deals (international and local).
* Directing the issuance of financial information and reports to internal and external parties.
* Evaluating the surrounding market’s economic environment dynamics and assessing the impact on the company and report that to the CEO and Board of Directors.
* Constructing and monitoring reliable control systems for projects spending and performance monitoring.
* Maintaining appropriate insurance coverage on key risk areas
* Ensuring that the company complies with all legal and regulatory requirements.
* Covering as acting CEO for the company.
* In addition to my role in TCC, I was assigned as CFO for Security Control Company and Altadrea Manufacturing company between Jul 2012 and Dec 2014.
Business Innovation Company is a startup business that furnishes business solutions by providing services encompass mobility and cloud offerings, business and systems integration covering; ERP/GRP, SIS, CRM, BI, Web Technologies, ECM, IT strategy.
Altadrea is armored vehicles manufacturing company that provides its services to Ministry of Defense, Ministry of Interior, Ministry of Foreign Affairs and other government and private sectors entities.
The National Shipping Company of Saudi Arabia is a joint stock company listed in the Saudi stock market. My role in the company involved:
* Managing a team of 11 treasury staff based in Saudi Arabia. The team coordinates with the finance departments of the 8 subsidiary companies worldwide.
* Managing Bahri’s Tadawul Announcements Unit.
* Setting Bahri investment, financing, and hedging strategies and presenting them to the the Board of Directors for discussion and approval.
* Monitoring global economy and markets developments to forecast the implications on Bahri Group’s core business, investments, and liabilities.
* Understanding, managing, and supervising all aspects of Bahri cash flow.
* Forecasting daily cash requirements and executing daily financing decisions.
* Directing and monitoring Bahri investment portfolios
* Assessing performance benchmarks and recommending changes when needed.
* Supervising and monitoring company’s various cash flow forecasts and performing the financial modeling.
* Understanding and managing appropriate accounting procedures and processes.
* Managing relationships with banks and financial institutions.
* Monitoring and negotiating banks service fees and address quality issues.
* Conducting benchmark studies of banks and their services to evaluate which fits Bahri’s requirements.
* Recommending, implementing and maintaining process improvements.
* Providing technical support for mergers and acquisitions and other projects as needed. Played the role of the coordinator and acquisition committee member of Bahri’s acquisition of Saudi Aramco’s shipping arm “Vela” in $1.3 Billion deal.
* Heading the company Investor relations team and travelling to local, regional and international destinations to meet with institutional investors
* Covering as Acting Bahri CFO in several occasions.
* Additional duties as directed by the management and the company board of directors.
* Assigned for managing the Saudi Index Fund and Alsafwa Index Fund.
* Assigned as Investment Committee member of the Arabian Opportunities Fund.
* Monitoring and assessing investment industry developments and ensuring appropriate communication and response from investment portfolio team.
* Developing and servicing institutional and HNWI customer base
* Advising clients on companies, markets trends and investments suitability.
* Introducing new corporate relationships to the Corporate Finance Department to meet clients M&D or advisory needs.
* Structuring drivatives based investment products for the company client base.
* Joining wealth managers in meeting HNW clients and prospects to help in understanding their profiles, planning a relationship strategy, identifying business opportunities.
* Coaching junior wealth managers
* Structuring equity, interest rate, foreign exchange and commodities derivatives.
* Studying companies exposure to interest rate, foreign exchange, and commodities markets to create Shariah compliant or conventional structured hedges against adverse markets moves.
* Teaming with international and local banks on large interest rate management deals for syndicated projects.
* Meeting high-networth and institutional clients to understand their needs and then design structured investment strategies for them after monitoring different markets and identifying what are the asset classes with promising returns.
* Creating “Samba’s Mass Launch” structured investment products.
* Producing the studies supporting the sale of the structured investment products. The studies identify the investment rationale and outlook assessment.
* Creating new Islamic structured products and discussing them with samba’s Shariah Board for approval.
* Writing product programs for new products.
* Training and supervising new treasury staff.
* Structured and executed major deals that contributed significantly to the treasury sales desk bottom line.
* Managing a portfolio of top tier corporate names in the country.
* Developing new profitable corporate relationships.
* Cross-selling the various Treasury, Investment, and cash management products.
* Preparing in-depth credit reviews and relationships strategies and presenting them to the credit committee for approval.
* Monitoring and projecting the financial performance of my corporate portfolio, as part of the risk management role integrated in my role as Relationship Manager.
* Reviewing all credit agreements and security documentation pertaining to my protfolio of clients.
* Reviewing / approving, as Credit Committee Member, credit reviews prepared by other relationship managers and credit analysts.
* Training and supervising junior relationship manager and credit analysts.
* Managing portfolio of medium size companies.
* Monitoring the financial performance of those companies and projecting their future performance and cash flows.
* Preparing and reviewing all the credit agreement and security documentation.
* Cross selling various bank products.
* Developing new profitable relationships.
* Assessing compliance to bank’s policies and procedures.
* Reviewing branches operations for effectiveness and efficiency.
* Writing audit reports to the senior management.
* Discussing audit reports with auditees.
MBA with concentration of Finance.
Completed 13 courses in accounting as part of the accounting major, and courses in finance, marketing, management, statistics and economy as part of the BS degree.