Financial Controller
Qatari Diar – Saudi Bin Ladin Group (QD-SBG Construction)
Total years of experience :24 years, 2 Months
Accomplishments
• Conduct field audit for MEP sub-contractor on cost plus basis from inception to cut-off date (8 years) contract estimated value 800 Million and saved almost 60 Million Qatari Riyals.
• Prolongation claims cost preparation with all substantiation's hyperlink and representing Finance in all meetings with client's representatives to justify our rights till claims finalization (Claims gross value were almost 1 billion Qatari Riyals for whole duration and almost 500 Million for the concurrent delay period.
• Set-up & implement controls to improve company's cash flow by extending the credit facility with suppliers and sub-contractors, set-up a strong collection system for receivables and maintain a reasonable stock level.
• Set-up & implement a system to control and maintain a reasonable stock level without delaying the projects progress.
• Set-up & implement cost analysis system to give advance hints to management by highlighting the areas need to be improved and provides cost analysis to avoid exceeding budget “if applicable” or for new tenders pricing purpose.
• Conformity of company's asset management system with ISO 55001:2014 (Certificate issued on 25th April 2017)
• Reduce the cost of labor camps (Capacity: 18000 workers) by 30% thru in housing some operational activities, reduce the rate of other activities by involving new vendors and set-up a control system on operating the camps.
• Reduce insurance cost by more than 30% by inviting competent brokers, negotiating conditions and applying a 20% profit sharing to all policies as additional saving
Principal Accountabilities & responsibilities
Finalizing Monthly and annual Financial Statement
Financial reporting and analysis
Asset Management (Policy, Procedures & Controls)
Inventory Management.
Cost analysis and cost saving.
Managing liquidity, cash flow forecasts, cash flow positioning, and ensuring appropriate tax records and filing.
Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
Managing banking relationships
Management of long and short-term cash flow and working capital/liquidity management
Oversee the extension of credit to customers
Ensure a system of policies and procedures that impose an adequate level of control over treasury activities
Preparation of Board level cash and other risk management reporting
Ensuring the best insurance coverage for the projects, work force & equipment with the lowest rate.
Financial procedures assessment and continues improvement thru Plan-Do-Check-Act system.
Accounting software implementation and improvement by customize new reports for audit and control purpose.
Identified and investigated variances to financial plans and forecasts by interpreting financial results.
Analysed budgets, financial reports and projections for accurate reporting of financial standing.
Created an analytical framework for identifying and developing financial growth opportunities.
Developed annual budgets in collaboration with CFO.
Forecasted operating costs for scheduled projects by strategising with other departments.
Evaluated mortgage loan risk based on sound underwriting decisions.
Perform other tasks assigned by CFO.
Group Members ((Infinity Marketing Solutions, Dunes Hotel, Hygiene Qatar Services, Dunes Dry Clean, Dunes Rent A Car)
Management of the finance function and overseeing the finance team.
Ensure high standards of financial control are maintained throughout
Making recommendations to encourage the continuous improvement of financial performance and implementing
relevant policies within the business
Preparation of budgets, forecasts and cash flows
Asset Management.
Maintenance of financial ledgers and accounting processes
Preparation of Monthly Consolidated P&L and Balance Sheet
Timely production of statutory and internal financial reports
Financial modeling and analysis
Cash management and treasury duties
Ensuring that appropriate systems and internal controls are implemented and maintained
Overseeing the Payroll process
Managed high volumes of financial activity in a fast-paced, risk-based corporate environment.
Intended for the yearly financial planning process from creating business plan to final sanction.
Manage the operational and fiscal activities of the department to include staffing levels, budgets, and financial
goals.
Prepare and presents financial and regulatory reports required by law, regulations, and board of directors.
Selects appropriate technique to minimize loss, such as avoidance and loss prevention and reduction.
Reviews collection reports to ascertain status of collections and balances outstanding.
Establishes procedures for custody and control of assets, records, loan collateral, and securities to ensure
safekeeping.
Plans, directs, and coordinates risk and insurance programs of establishment to control risks and losses.
Directs and coordinates activities of customers engaged in conducting credit investigations and collecting
delinquent accounts of customers.
Evaluates data pertaining to costs to plan budget.
Reviews reports of securities transactions and price lists to analyze market conditions.
Preparing and monitoring the cash flow statements and review the financial facilities with banks.
Direct staff in the development, analysis, and preparation of reports.
Analysed budgets, financial reports and projections for accurate reporting of financial standing.
Evaluated mortgage loan risk based on sound underwriting decisions.
Hand on experience in accounting packages, experience is well versed in computer.
Day to day accounting maintenance accounts on cost center basis, scrutiny of ledger accounts, budgeting, monthly profit & loss account, accounts receivable and accounts payable.
Fixed assets accounting & depreciation calculations.
Income review with commentary, monthly bank reconciliation statement.
Balance Sheet Preparing.
Payroll Preparation & Analysis.
Academic Study:- Accounting Finance Economics Information Technology HR Management Marketing