Finance Manager
confidential Company
مجموع سنوات الخبرة :11 years, 0 أشهر
Major Achievements
Steered two joint ventures and one merger leading to successful and profitable synergy. - Implemented company wise correct accounting standards related. - Successfully deal with major financing provider for netting of the liability with the underlying collateral at profitable return. - Successfully reduced non-performing and unnecessary expenses worth SAR. 40 million. - Implementing SAP ERP system currently
Responsibilities & Duties
Responsible for overseeing the financial operations of a multi-industry organization with subsidiaries in various industries. Developed and implemented financial strategies and policies to ensure effective management of company funds and resources. Prepared and presented financial
reports, including profit and loss statements, balance sheets, and cash flow statements, to the executive team and board of directors.
Conducted financial analysis and provided insights and recommendations to drive cost reduction, increase revenue, and improve overall financial performance. Responsible for the overall treasury operations of a leading retail and wholesale group with over 50 stores and online channels in KSA.
Managed the daily cash management activities, including cash positioning, forecasting, reporting, reconciliation, transfers, payments and collections.
Negotiated and maintained various financing sources, such as revolving credit facilities, term loans, bonds, and ensured compliance with covenants and reporting obligations. Presented and communicated treasury and finance results, insights and recommendations to, board of directors.
Managing international financial portfolio of credit facilities with international credit facility providers.
Major Achievements
Appointed as chief accountant but within 15 days of hiring, by recommendation from banks to the owner for my excellent financial management skills, was transferred to finance department as financial analyst. Single handed managed the food business cashflow by increasing the cash inflow by SR. 15 million in one year. Provided idea of acquisition of Food Company by leveraged management buyout strategy with part equity part debt financing which later succeeded.
Responsibilities & Duties
Responsible for the financial management of the company.
Provided meaningful analysis and opinions based on solid figures and calculation.
Provided financial advice for the business development and growth.
Calculated the feasibilities for the new investments and projects and provided results to start the new investment or not. Suggested to start petroleum business and forecasted huge dividends and return on investment which materialized in the future.
Consolidate and analyze financial data (budgets, income statement forecasts etc.) taking into account company’s goals and financial standing.
Develop financial models, conduct benchmarking and process analysis.
Conduct business studies on past, future and comparative performance and develop forecast models.
Major Achievements
Handled 2000 labour settlements successfully. Successfully put the company on going concern basis.
Responsibilities & Duties
Started as Manpower division Chief accountant and handled manpower accounts for up to 2000 labor workforce.
Promoted to financial analyst and assistant treasury manager due to excellent understanding of financial matters related to construction business.
Responsible for project progress control sheet for timely updating of submitted bills, certified bills, retention % and subsequent collection. Linked to progress control was the discounting of invoices from banks. Had to manage banking relationship to avail project financing facilities including Bid
Bond guarantees, Advance payment guarantees, Performance guarantees & subsequent LCs for the suppliers of the project for proper functioning of the project and even project labor salary financing for timely disbursement of labor salary.
Performed financial forecasting, reporting, and operational metrics tracking. Reported on financial performance and prepare for regular leadership reviews. Performed variance analysis and recommendations for improvements.
Major Achievements
Assign team leader in change management process of the whole online auditing system. - Successfully provided excel based automated reports never seen by the management before.
Responsibilities & Duties
Audit of daily sales statement received from branches.
Compliance of credit control policy & procedures.
Checking of Umrah processing agent invoices.
Checking of daily discrepancy reports.
Audit of receivables and their aging.
Audit visits to different branches.
Preparation of Daily Management Report.
Diploma in IFRS from ACCA UK
CMA from USA
Secured Gold Medal.