Cheif Financial Officer
Al Shiaka
Total years of experience :15 years, 11 Months
Spearhead formulation of company's realignment strategy, define initiatives, objectives, projects, SOCs, and KPIs across different tiers to actualize desired strategic outcomes. Lead IPO process by initiating comprehensive gap analysis with external consultants and formulating effective implementation plan. Present company's performance reports to Board of Directors and Audit Committee on quarterly basis.
● Achieved 10% cost reduction within 3-month timeframe, leading to substantial savings of $3M for organization.
● Initiated and drove development of new policies and procedures for all departments, overseeing creation of authority matrix, job descriptions, and internal control procedures.
● Pioneered company’s digital transformation process, ensuring alignment with strategic objectives and technological advancements.
● Significantly improved company's financial standing by implementing reforms to supplier Service Level Agreements (SLAs) and successfully securing new financing instruments.
Performed in-depth budget analysis and identified efficiency opportunities and cost savings potentials. Regularly conducted comparative studies of previous period results and conducted variance analysis to determine reasons behind variances.
● Streamlined budget analysis processes and identified key areas for cost savings.
● Developed detailed weekly comparison reports to track performance and identify discrepancies.
● Utilized advanced forecasting models to predict financial trends and support strategic decision-making.
Collaborated in formulating company's future direction and actively participated in key decisions within executive team. Monitored and implemented strategic business plans to ensure alignment with organizational objectives. Managed accounting, credit, insurance, and treasury departments, ensuring financial efficiency and compliance. Oversaw financial operations of subsidiary companies and supervised transaction processing systems. Led acquisition due diligence and negotiated acquisitions, contributing significantly to organization's strategic growth. Provided valuable guidance to leaders on financial planning. Regularly reported financial results to board of directors, demonstrating transparency and accountability. Offered advanced financial advice for budgeting and forecasting. Maintained strong banking relationships, representing company with investment bankers and investors. These responsibilities collectively contributed to financial success and strategic growth of organization.
● Developed and implemented performance measures that effectively supported strategic goals, enhancing organization's ability to measure and meet key objectives.
● Played key role in supporting annual budgeting initiatives with leadership teams, ensuring comprehensive approach to cost capture and financial planning.
● Conducted monthly financial analysis utilizing SWOT analysis, providing valuable insights that guided informed decision-making and identified strategic opportunities.
● Monitored cash balances and forecasts, ensuring effective liquidity management for organization.
● Successfully arranged debt and equity financing, optimizing financial structures to meet company's capital needs.
● Demonstrated strategic approach to fund management by effectively investing funds to maximize returns.
● Represented company with investment bankers and investors, fostering strong relationships that contributed to financial stability and growth.
investment and leasing co - Kuwait -one of the pioneers in Operating lease in the middle east - for the period from June 2008 to December 2013 as Head of Finance for Both Aayan and Daleel -an afiliated company 100% owned by Aayan specialized in the daily rental with more than 20 branches kingdom wide -Reporting to the CEO with complete responsibility of the following:
•Assemble spreadsheets and draw charts and graphs used to illustrate technical reports, using computer.
•Improves financial status by analyzing results and variances; identifying trends; recommending actions.
•provide decision support activities on key business cases and projects
•Participating in the issuance of the feasibility study for the company all phases (Financial modeling & projection for the next 10 years).
•Full responsibility of the year end closing procedures.
•Creating the chart of accounts and all the combinations needed for segregating the cost centers, initiating a new set of books for every new branch with a remotely supervision for the branch accountants.
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