Banan Mahmoud Duraidi

 Financial Strategy & Management: Leading financial strategy and operations, collaborating with the Chairman, CEO, and executive team to drive business growth.
 Analysis & Recommendations: Providing in-depth analysis and strategic recommendations on financial operations, focusing on planning, growth, and key relationships.
 Financial Planning & Reporting: Managing financial planning, analysis, reporting, audits, compliance, and bank relationships, aligning with organizational goals.
 Budgeting & Forecasting: Overseeing the annual budgeting process and provided accurate forecasts for executive decision-making.
 Cost Control & Efficiency: Implementing cost-control measures, optimizing expenses, and improving financial efficiency.
 Investment Evaluation: Developing financial models to evaluate investment opportunities, increasing profitability by 15%.
 Strategic Leadership: Directing financial and investment activities to support strategic objectives, ensuring appropriate controls and safeguarding financial interests.
 Investment Strategies: Deciding on investment strategies considering cash and liquidity risks, and structured financing deals to minimize risks.
 Stakeholder Collaboration: Coordinating with stakeholders to develop and grow the organization’s footprint, leveraging debt and securing funding.
 Fundraising & Capital Structure: Controlling fundraising plans and capital structure, securing over SR 500 million for real estate projects.
 Cash Flow Management: Ensuring appropriate cash flow for operations.
 Risk Management: Implementing risk assessment methodologies and internal controls to mitigate financial risks and enhance reporting accuracy.
 Audit & Compliance: Overseeing annual financial audits, ensuring compliance with regulations.
 ERP System Management: Controlling the Finance ERP system and its collaboration with other modules.
 Team Leadership: Directing a high-performing finance team, fostering accountability and continuous improvement, and conducting regular training programs.

 Directing and developing financial strategy, financial management reporting including quarterly financial reviews. Finance Managers reporting directly to me where I supervise more than 25 staff members in the holding company and its subsidiaries (RAII). Currently managing 12 companies financially and reporting to the CEO
 Leading the Finance team and overseeing all activities of the finance & accounting department, ensuring proper execution of functions, and compliance with both internal and external legislation and policies.
 Accountable for the financial, administrative, and risk management operations of RAII and for overseeing the development of financial and operational strategies. In charge of ongoing development and monitoring of financial control systems that are designed to preserve business assets, enabling accurate financial reports and desired results.
 Implementing RAII’s vision, mission, strategy, objectives, and policies.
 Participating in the development of RAII’s future direction by supporting with tactical initiatives by offering insights and counsel relating to growth, strategic planning, and financial leadership in coordination with the CEO
 Building overarching strategy that covers finance and accounting activities to support RAII’s strategy and objectives that increase financial efficiency, control, and profitability.
 Leading finance and accounting team through the implementation of RAII’s strategy.
 Developing of annual departmental plans, budget, and financial performance measures in line with RAII’s strategic directions.
 Ensuring the availability and implementation of updated and highest possible departmental standards policies and procedures which are aligned with RAII’s standards, business needs and legal requirements.
 Building strong relationship with banks and financial institutions.
 Ensuring credibility in the finance and accounting department by providing accurate and timely analysis of budgets, forecasts, and financial trends for access by the entire business as per the authority matrix.
 Ensuring the quality and speed of serving the requirements of RAII’s departments, government entities and financial institutions.
 Reviewing all agreements concerning financial obligations, such as contracts for products or services and other actions requiring a commitment of financial resources.
 Responsible for the accuracy of cash flow planning and forecast, and the availability of funds as needed to pay RAII’s obligations on a timely manner.
 Responsible for the effective monitoring of RAII’s cash, investments, and asset management so that proper return on investment can be achieved for Shareholders.
 Ensuring an accurate and timely preparation of month-end, quarter-end, and year-end financial statements.
 Ensuring proper recording of all RAII’s accounting activities so that all direct and indirect costs shall be allocated as per proper cost accounting principles.
 Ensuring that RAII’s assets are well recorded and documented, and that proper depreciation methods are being applied to reflect fair value of assets.
 Ensuring that RAII has a proper accounting information system that is integrated with its overall management information system so that accurate reporting and financial analysis can be produced to help top management make rational and sound decisions and can produce accurate financial results to show the profitability of each profit center.
 Ensuring the readiness of conduct external audit of RAII’s accounting records at any time.
 Understanding and mitigate key elements of RAII’s risks profile related to financial and accounting matters.
 Preparing contingency reserve to be used in case of emergencies.
 Ensuring that RAII complies with all legal and regulatory requirements.
 Reporting risk issues to the CEO and board of directors
 Maintaining relations with external auditors and investigate their findings and recommendations.

 Producing monthly, quarterly and annual Management Performance Reports.
 Monitoring the financial performance of RAII Holding & its subsidiaries through variance analysis of financial statements: Actual vs. Budget inter-firm comparisons, business-models…etc.
 Monitoring and managing cash
and managing relationships with financial institutions
 Preparing professional financial reports & presentations to be presented to the CEO and during BOD meetings
 Controlling of Departmental and cost-center expenditure & evaluations for cost-reduction opportunities.
 Supporting the business-units within the kingdom and abroad (Ukraine, Egypt, Sudan & other) in the preparation of strategic plans, budgets and forecasts.
 Conducting Project feasibility, DCF analysis and Valuation.
 Evaluating CAPEX in Egypt and Sudan farm projects
 Coordinating with the external auditors to resolve issues and preparing annual financial statements in accordance with IFRS.
 Updating the Executives Management for all subsidiaries with all necessary financial data to facilitate their decision making
 Preparing and updating company policies & procedure manuals for business-processes, work-flow and internal controls.
 Enforcement of compliance with financial budgets, policies, procedures, delegation of authority-matrix and BOD resolutions
 Audit Committee member at Cement Atbara Company
 Mergers and acquisitions committee member - RAII.

 Developed and maintained the Delegation of Authority “DOA” matrices
 Prepared annual budget for the Group and its subsidiaries.
 Prepared monthly, quarterly and year-end Financial Statements.
 Prepared and presented reports to analyze sales projections and profit against actual figures, budgeted expenses
 Actively managed and improved working capital efficiency to increase company's cash flow.
 Assessed, monitored, planed and managed the efficient utilization of cash
and managed relationships with financial institutions to ensure Group facilities remain competitive in the market.
 Reviewed the internal controls, policies, processes for Hanad and recommended enhancement with coordination with the Internal Audit.

 Conducted reviews and evaluations for cost-reduction opportunities.
 Managed & supervised the Company’s monthly closing.
 Oversaw the coordination and activities of independent auditors ensuring all audit issues are resolved, and all compliance issues are met, and the preparation of the annual financial statements is in accordance with SOCPA.

 Prepared and developed Policies and Procedures Manuals for SRMG and its Subsidiaries major processes which include: HR, Fixed Assets, Budgeting, Accounting, AR & Collection, AP and Payments, Procurement, Sales and Treasury manual, etc...
 Developed and maintained the Delegation of Authority “DOA” matrices for SRMG subsidiaries.
 Reviewed the internal controls, policies, processes to report weaknesses & recommend enhancement in coordination with the Internal Audit (SWOT analysis)
 Trained staff for adapting to the implementation of the new approved policies and procedures
 Reporting to management on the effectiveness of the existing system of internal controls
 A member of the Group Fixed Assets Committee to follow up written-off fixed assets and disposals.
 A member of the ERP System Committee which follow up maintaining the ERP System in the company.

May 2012 - Jan 2013
Numu Group Tasks:
 Reviewed Monthly Closing & Management Reports.
 Reviewed Annual Budget for the holding company and its subsidiaries.
 Reviewed Monthly / Quarterly Outlook and explained variances.
 Prepared Financial & Business Presentations/Reports

 Conducted internal audits to a number of Public & Shareholding Companies working in different industries; Published & Printed, Investment & Banks, Pharmaceutical, Petrochemicals, Agriculture and Paper Manufacturing.
 Prepared a number of Policies and Procedures Manuals to one of the pioneering Companies in the Kingdom which included: HR manuals, Fixed Assets, Budget, Accounting, AR & Collection and Sales.
 Conducted Internal Audit processes including the assessment of internal control systems and prepared professional reports aiming to increase the efficiency and effectiveness in the internal control environment.
 Performed internal reviews and provided recommendations to various companies in order to present best practices and enhanced the control awareness of employees’ in the company.
 Assessed the companies’ needs to be strategically adjacent towards the mission and vision to achieve the goals and reduce exposure to risks by preparing different reports containing risks and recommendations.
 Executed a number of engagements related to finance by preparing Financial Statements and Performance Reports that are used by Top Management. In addition to the preparation of the annual budget and matched it with the actual figures.
 Prepared proposals & executed audit plans based on risk assessment & areas assigned as per the agreed & signed engagement letter with the client.
 Prepared internal audit reports summarizing audit results to the client.
 Developed and fostered professional relationships with the senior level of management; established trust and credibility.
 Conducted risk assessment of assigned department or functional area in established/required timeline

 Worked with the Group CFO in preparing Alkhorayef Group & its subsidiaries; Balance Sheets, Income Statements and Statement of Cash Flows on a monthly, quarterly and year-end basis.
 Monthly and yearly closing of Accounts
 Reviewing drafts of the audited financial statements.
 Handled the activities of internal and external auditors.
 Reconciled general ledgers & subsidiary accounts.
 Performed any other job-related duties as assigned or requested by the Group CFO.

 Prepared entries and posted accounting transactions (i.e. revenue and costs).
 Handled all activities in accounts payables/receivables and checks.
 Arranged monthly bank reconciliations and reviewed any variances if existed.
 Executed employees' payroll.
 Reviewed all kinds of invoices/checks for accuracy.
 Managed the company petty cash
 Conducted Fixed Assets physical counts.