Head Of Finance
AsterSanad Hospital
مجموع سنوات الخبرة :23 years, 11 أشهر
• Reporting to the CEO. Responsible to oversee the Financial operation of the entity PAN KSA.
• Responsible for the company’s expansion project in KSA.
• Spearhead the strategic planning, controlling and evaluation of all activities of the Hospital.
• Identified new Revenue source providing an additional revenue of SAR 1.00 mil per month
• Plugged Revenue leakage providing additional revenue gain off about 500K per month.
• Reduced technical rejection by about 50%
• Rationlised Manpower cost by 8% of Admin Payroll.
• Developed the 5 Yrs. Business Plan
• Developed the Operation and Mangement Model
• Developed the operational plan for the start up Pharmacy Bussines
• Reporting to the CEO. Responsible to provide financial Leadership advice and support to the entity.
• Developing the Finance Model.
• Setting up Finance Policy and Procedure.
• Implement the ERP system keeping in mind the needed Policy and internal control.
• Develop the Business Plan and the KPI for the various department.
• Building on the policy and procedure.
• Part of the team negotiating with the Insurance companies for Contract.
• Preparation of the Budget for FY 2022.
• Preparing and finalizing the Accounting for audits.
Finance Manager (Head of Finance ) subsidiary Level. Re\\
Reporting to the Group CFO and administratively to the Hospital GM.
Responsible for all Accounts, Finance, Budget and Reporting and Control Functions.
Responsible to ensure that the entity is on the planned growth trajectory and partner with the facility GM to achieve the Budget Nos, as well as the strategic Objecives of the Company.
Responsible to provide all the report, analysis and monthly information pack to the holding company as per agreed calender.
Responsible to partner with the Group Finance team on reporting and analyzing performance of the entity with respect to the agreed KPI's.
• Reporting to VP - Finance.
• Responsible for setting up VAT process for the entire organisation including the setting up of POS system and the Oracle ERP system to VAT Ready before implementation date.
• Responsible to control and monitor the Cash Flow
• Review and Advise on Internal Control
• Performance Analysis.
• Establishing and Monitoring the Key indicator’s for strategic growth of the company.
• Spearheading the transition to IFRS.
• Responsible to prepare the monthly Dash Board Report and the Presentation Pack for the Board.
• Overall Responsible for entire Finance and Accounts Function.
• Oversee and Ensure the accuracy and timeliness of the Month End Closing.
• Prepare, Analyze and present the Month end Reports.
• Ensure the Liquidity of the company.
• Review and Suggest Policy and Procedures.
• Reporting to the C F O
• Administer, oversee and overall control of month end closing process.
• Preparation of month end and year end Financial Reports and Management Accounts, within timeline.
• Preparation of Divisional and Segmental Financial Report and other MIS report required by the management.
• Cash Flow Forecast and interpretation.
• Administration of Working Capital and Term Loan Requirements of the Company.
• Spearheading cost reduction initiatives and projects through standardization of systems & processes
• Perform detailed cost analysis and provide explanations/ cost drivers behind periodic variance
• Identify the overlapping to optimize output improving productivity per person/ Machine, Department, Business wise
• Group level Costing (Project and Product) / Standard Costing and Variance Analysis
• Division wise cost analysis and advise the top leadership on key cost savings initiatives
• Validation of process, systematic analysis of organization processes
• Develop recommendations for changes to processes and systems that will minimize risk, improve performance and productivity
• Maintaining and Reporting the KPI achievement
• Analysis of the Product Pricing along with GP Margin Analysis. Suggesting correction to align the pricing with the Market price.
• Measuring and Reporting the Actual performance against the company’s long term strategic goals and analyising and presenting corrective actions
• Working with the process owners to explain the financial numbers reported, ensure that non finance executive understands the variance and take corrective action to align performance to corporate goals.
• Preparation of CAPEX AND OPEX Budget,
• Instill Budgetary Control and Report Variance along with the reasons for the same.
• Assist the C.F.O. with the Board Presentation Pack.
• Preparing reports and forecast required by the Senior Management to make strategic decision.
• Handling Internal Audit and Statutory Audits.
• Reporting To Finance Controller
• Responsible for implementing a software based costing system for the company.
• Developed an off hand automated product costing module to help the Design and Development department to develop products that can compete market driven pricing.
• Responsible for Budgetary and Cost control function.
• reparation of Monthly Financial Statements.
• Preparation of Dash Board Report.
• Valuation and Analysis of Inventory.
• Calculating of goods sold.
• Costing of New Products,
• Implemented Landed Cost Module in Oracle ERP.
• Monthly closing of Accounts.
• Preparation of monthly Financial Statements (Income Statement, Balance Sheet, Cash Flow, Sales Analysis, Inventory Analysis, Production Reports )
• Preparation of Management Report for SIDF and other Financial Institution.
• Assist in preparation of Yearly Budget.
• Handling Internal Audit and Statutory Audits
INTERIM CHIEF ACCOUNTANT, FURNITURE RETAIL (Feb-2015 - Aug 2015)
Additional Resposibility taken over by my team..
• Established and Monitored the Advertising Budget for sales promotion, in coordination with the Furniture Retail Head.
• Monitored the Gross Margin Expected from the Sales Promotion and reported to the management the actual Gross Margin achieved during the Sales Promotion.
• Monitor the non Moving stock and co ordinated with the Furniture Retail head to ensure there clearance during Sales Promotion.
• Effectively brought down the investment in Stock by strict control.
• Developed the SOP for Process such as Procurement, Promotion sales, Discounting products for Promotion sales.
• Developed the Policy and Procedure for sales and procurement.
• Developed new reporting formats for reporting the performance to higher management
• Reporting to the General Manager
• Preparation of Monthly Financial Statements.
• Maintaining the company’s Credit Facilities with the Bankers.
• Preparation and filling of Monthly /Quarterly returns
of Income Tax, VAT and Excise.
• Represent the Company at all the Statutory Forum and handle their queries and attend hearing
• Valuation and Analysis of Inventory.
• Costing of New Products,
• Independent Charge of Accounts, Finance and Audit Functions.
• Budgeting, Costing
• Responsible for Direct and Indirect Tax compliance, filling of returns and successful completion of assessment.
• Inventory Control - Controlling stock of raw materials
• Creating items wise Cost Sheet and Articles Specification Sheets for documentation and future use.
• Assuring that the production cost is with in the stipulated standard cost
• Responsible for the Set Up of the New Factory at The Special Economic Zone,
• Interacting with the Buyers to close Annual buy Contracts.
All Finance and Accounts functions including administration of Banking Facilites.
Cash Flow Mangement.
Preperation of Salary sheets and filling of return for Professional Tax, Provident Fund and ESI departments. Alongwith conducting their Annual Assessment.
Administration of VAT, Filing returns and Assessment of VAT with the authorities.
Cash Flow Management
Collection / Debtors Management
Planning and Disbursement of funds
Compliance with banking requirements
Budgeting and Project Reports.
Insurance Mangement.
Functioning as Lead Managers / Co- Lead Managers / Book Runner/ Book Running Lead Manger
Vetting of Venture Capital Proposal
Due Diligence for Primary Market and
Secondary Market Issues.
Preparation of Project Reports
Have managed more than 10 Intial Public Offers and Secondary Market Issues. like Huges Software, Balaji Teleflms, Hi- Funda.com, R S Software and so on.