CFO/ Consultant - Saudi Arabian Mining Company ( immediately available with transferable Iqama)
Saudi Arabian Mining Company - Ma’aden
Total years of experience :27 years, 5 Months
Working as a Finance Consultant / CFO For Saudi Arabian Mining Company - Gold ( MA 'Aden) where I am responsible for the following areas :
- Financial Planning and Reporting
- Budgeting and Business Planning and Strategy
- Reporting to the Board of Directors
- Dealing with Auditors, Zakat and Tax Consultants
- Dealing with International Consultants for Business Strategy such as BCG and Evalueserve
ADVANCED SUPPORT HOLDING COMPANY(ASHC) December 2016 to date: ASHC is a 100% Saudi Owned Group in Defence and Military business. The Group JVs, Partnerships and Technology Transfer Agreements with various international military equipment manufacturers and suppliers and is a major supplier to Ministry of Interior, Ministry of Defence and Ministry of Foreign Affairs Saudi Arabia
Working as Group CFO major task include the following:
• Group Financial Reporting • Managing the company banking and treasury relations • Dealing with external auditors and tax and other relevant authorities • Managing the implementation of ERP
a) Reporting to the Chaiman & The Board of Directors
b) Overall responsibility of the Finance & IT within the company
c) Finalization of Monthly Financial Reporting Package and presenting to the Key Management Personal of the Owner Companies
d) Arranging financing facilities for the company from shareholders and Financial Institutions
e) Liason with the External Auditors and Tax consultants
f) Preparation of business plan for the company
g) Managing the implementation of ERP System Microsoft Dynamics in the Company
Al-Rajhi Investments is the real estate and hospitality investment company. The Company is a key player in the Saudi real estate sector. It owns multiple residential, commercial and hotel properties across the Kingdom, including the Crowne Plaza Al-Madina and the Crowne Plaza Al-Khobar, in addition to a sizable land bank in several locations across the Kingdom. Currently, the Company has a particular focus on the hospitality sector with several projects in the pipeline including a mega mixed-use development in Makkah comprising four upper-upscale and upscale hotels with a shopping mall and a landmark mosque, an upscale hotel-apartments development in Riyadh, and a luxury hotel in very close proximity to Al-Masjid Al-Haram (The Grand Mosque) in Makkah, in addition to several other hospitality & real estate projects currently under consideration by the Company.
• Contribute to the development of the company’s overall strategy as a member of the senior management team.
• Contribute to the development and adoption of policies, procedures and standards of internal financial plans and strategies that help to achieve the company goals & to increase the overall quality of the Finance Department work. And, Make sure it is implemented.
• Ensure setting proper targets for the financial departments, compatible with the company's goals vision, mission and objectives.
• Lead, manage, direct and motivate the financial department & team to raises the overall performance and to eliminate all the obstacles they may face internally or externally in regards to complete their duties.
• Coordinate with Internal & facilitate External Auditors duties, (Periodic & Annual).
• Being always effectively ready to attend Board and subcommittees meetings as required. Including being the lead staff on the Finance/Audit Committees.
• Contribute to the development and promotion of the reputation and the company's position in the market.
• Preparation of Quarterly BOD Presentations.
• Follow up on all financial and accounting operations, including oversight and management of financial risk, budgets and financial reports.
• Act Financially within the responsibilities & authorities delegated by the CEO.
• Provide on time all financial information that will help senior management in making right decisions at the right time.
• Manage sources of short and long term financing & funding as needed.
• Manage the relationships with international and local banks.
• Management of the company's credit limits and regulate the issuance of letters of guarantee, and letters of credit, etc.
•Establish procedures for asset management, and supervise the work of controlling inventory and depreciation as well.
•Prepare Treasury and cash management reports, including cash flow reports, balances and prepare monthly analysis of the financial position.
•Participate in the preparation and review of financial reports. Ensure reports to be delivered on time including income, expenses, cash flow, financial position and financial performance criteria’s, etc.
•Participate in the preparation and audit of the budget and make sure the information is correct, accurate, and comprehensive including all future plans and make necessary notes reference to the financial reserves.
•Coordinate with investment & all other business & support divisions on preparation of projects level budgets as well as OPEX & CAPEX budgets, etc.
•Prepare and submit periodic financial reports needed to correct the financial position of the company, or to improve the company’s performance or to avoid any future financial risk, in a timely manner.
•A commitment to meeting and exceeding standards of excellence. To achieve effective outcomes, while leveraging opportunities and taking calculated risks.
•Efficiently manage the distribution of cash and participate in arranging financial priorities in coordination with the CEO and relevant departments, and reschedule expenses when needed.
SNASCO is a leading investment company in the MENA region with diverse business interests. It is aimed at building sustainable investments and real estate development that comply with global Standards, and adhere to social responsibility. SNASCO Holding is the fruit of years of diligent work, dedication and uncompromising professional standards.Currently, SNASCO Holding specializes in major sectors such as real estate, trading, industrial and financial investments - which are covered by its subsidiaries, namely: SNASCO Real Estate, and SNASCO Trading & Industrial.
Group CFO
•Responsible for the overall finance function, setting up the accounting and internal control system, review of policies and procedures,
•Review of new projects and business acquisitions, performing feasibility studies on the group’s prospective
•Investments both within KSA and internationally,
•Dealing with internal and external auditors
•Reporting to the to the board of directors,
•Liaison with the banks for financing new business ventures and projects and also for any investment opportunities through derivative instruments,
•Review of financial statements and reporting to the shareholders
•Finalization of the Group budget in coordination with the line managers and other related departments.
•Developing the finance team to make them ready for new challenges
• Management of treasury and investment risk
• Dealing with Zakat and taxation matters
• Review of company’s information systems and recommend and execute improvements to it
• Keep a tight grip on company’s cash flow both operationally and strategically
• Prepare adhoc reports for the CEO and Chairman
Achievements
•Re organized the finance function of SNASCO Group
•Implemented focus accounting system at the SNASCO Group Level and also Oracle and pixel point at our food chain business
Company Brief: Oasis Group Holdings (Pty) Limited is a South African holding company to a financial services group of companies that specialize in investment management and fund administration. It has won numerous awards from highly acclaimed rating agencies. The range of investment products include a wide variety of ethical products that are managed in accordance with Islamic principles and a comprehensive range of conventional products. It is also responsible for the fund management of institutional investment and retirement portfolios that are managed for Governments, parastatals, multinationals, private companies, collective investment schemes, multi-managers, high-net worth individuals, non-governmental benefit foundations and charitable trusts. The underlying investment principle of the organization is based on a powerful investment philosophy that seeks to provide superior returns at lower than market risk. This ideology maintains a focus on preserving the capital of investors during downward market movements to facilitate higher levels of growth over the complete investment cycle.
Group Financial & Cost Controller
•Responsible for Financial Reporting Function
•Cash flow management
•Responsible for Cross continent Consolidations involving multicurrency transactions and balances
•Dealing with Banks & Financial institutions
•Liaison with South African Revenue Services (SARS) and External Auditors
•Dealing with the Johannesburg Stock Exchange for the listed entities through the respective Fund Sponsors
•Supervised the preparation of Board of Directors and Annual General Meeting Packs
•Reporting to the Board of Directors of the respective entities
•Liaison with the Regional financial manager in Ireland and UAE
•Performing initial due diligence reports on for prospective acquisitions
Achievements
•Implemented the effective system of financial reporting and cash management
•Introduced the cost control system within the organization
Company Brief: PSO is the market leader in Pakistan’s energy sector. The company has the largest network of retail outlets to serve the automotive sector and is the major fuel supplier to aviation, railways, power projects, armed forces and agriculture sector. PSO also provides Jet Fuel to Refueling Facilities at 9 airports in Pakistan and ship fuel at 3 ports. The company takes pride in continuing the tradition of excellence and is fully committed to meet the energy needs of today and rising challenges of tomorrow.
Pakistan State Oil, the largest oil marketing company in the country, is currently engaged in storage, distribution and marketing of various POL products. The company’s current market share of 78.2% in the black oil market and 54.3% share in the white oil market, alone speak volumes about its success.
Finance Manager
•Worked in the General accounting and Freight Pool Sections of the Finance Function
•Monthly, Quarterly, Semiannual and annual preparation of Management Accounts
•Preparing the Cost budgets for areas under my control and reporting variance analysis from budget on a monthly basis
•Was member of the Oil Companies Advisory Committee setup by the Ministry of Petroleum and Natural Resources and responsible for the setting up of Oil Prices and deregulation of Freight Pool Mechanism in Pakistan
•Was part of Insurance Freight Pool and Retail Outlets Cross Functional Teams within the Organization
Achievements
•Implemented back end ERP together with electronic payment system in coordination with the Deusche Bank with in the Freight Pool Section
•Was part of the team responsible for implementing the SAP withinim the Finance and Product Accounts department and was awarded letter of appreciation from the Managing Director for my role in the project.
Company Brief: PricewaterhouseCoopers in Pakistan is represented by A. F. FERGUSON & CO., a member firm of the PwC network. Drawing on the knowledge and skills of more than 146, 000 people in 150 countries, It provides a full range of business services to leading national and local companies and to public institutions. Carrying on professional practice of rendering audit, tax and business advisory services in Pakistan. The firm was established in Karachi in 1908. Apart from Karachi, the firm has offices at Lahore, Islamabad and Kabul (Afghanistan) with total staff strength in excess of 1600.The firm’s experience includes audits of a large number of multinational and public sector organizations including several non-government organizations, government corporations, companies listed on the stock exchanges in Pakistan, banks and financial institutions, healthcare, consumer and industrial product services, engineering and construction, insurance, oil and gas
Manager External Audit & Special Assignments
•I started my professional career with the firms as a junior audit trainee and was promoted upto the grades of Audit Manager before I left the firm
•As manager audit and special assignments was responsible for planning controlling and executing external audits and special assignments
•Philips Electrical Industries, British Oxygen, Engro Group of Industries and National Bank are some of the major clients on which I worked as an audit Manager
•Demergr of Philips White goods business in to a separate legal entity and merger of Mehran bank in to National Bank of Pakistan are two of my major special assignments
•I was also responsible for conducting training of the audit staff on regular basis.
Achievements
•Was first audit senior to implement the PWC STAR and Plant Audit Planning Software in the firm
•Introduced new analytical techniques with in the firms to complete the audits swiftly without compromising on quality and also saving audit cost.
Qualified as a Chartered Accountant from the Institute of Chartered Accountants of Pakistan (ICAP) completed all 4 parts in first attempt and with in the training period.
Completed the final part of ACCA UK in June 1999 this included passing all the modules in first go.