CFO
DerayahFinancials
Total years of experience :26 years, 3 months
• Leading and managing the following functions:
- Finance and Accounting
- HR
- Risk and Compliance
• Actively serving on the following committees :
- Credit and Investment
- Strategy
- Risk And compliance
• Leading firm's project for Initial Public Offering on Saudi Arabian Stock Exchange in 2015
• Devising and executing structured concepts for financing the firms activities in alignment with the regulatory requirements and limitations
• Managing and enhancing the following processes :
- Shareholder reporting
- Executive dashboard and KPIs
- Internal controls
- Fund performance tracking and reporting
- Operating processes
• Restructure the accounting department.
• Reallocation of roles based on new structure.
• Analyze the processes of RJ and identify the risk area.
• Implement systems integration to the companies’
processes.
• Implement controls procedure for all outstation offices
including reporting requirements, tax compliance,
and registrations.
• Oversee full accounting cycles
• Supervise monthly, quarterly & annual financial
statement preparation & issuance
• Review the IFRS implemented and recommend
changes in coordination with the auditors and the tax
advisors.
• Review contracts to evaluate financial implications on
the Company.
• Provide top management with sound recommendations on commercial, operational, administrative and strategic decisions
• Develop and direct financial plans to support the strategic business plan, company growth and market opportunities and business development
• Direct implementation of policies, procedures and internal control systems, treasury, insurance and payment activities, including revenue and working capital management functions
• Enforce budget policies, oversees budgets preparation and pro-actively monitors and controls variances with the operations
• Manage relationships with external parties, including bankers, auditors and other professional advisors
• Supervising the Installation of the accounting system
• Supervising the day to day operations including cash Management.
• In charge for the HR system & Internal procedures
• Licensed IPO Manager
• Business Combination Committee Member
• Business Valuation Committee member
• Board Member in International Cards Company "Master Card" - Jordan.
• Board Member in Baton for Blocks & Interlocking tiles
• Board Member in AL Quds Ready Mix Company
•Preparation of the feasibility studies for the Alghad Project ( income statement, cash flow forecast in different scenarios for 5 years each)
•Setting rules for inventory flow and payments
•Assisted in providing a recommended Human Resource Rules & Policies
•Supervising and following up all the constructions of the Alghad from scratch up to a full running operation
•In charge of the tailoring of the companies ERP
•Supervising day to day operations for the finance department
•Active member of the Administrative board influencing the companies policies and rules
•The establishment operations including the company setup
•Supervising the daily operations of the finance
Department
•Supervising The Warehouse Operations
•Financial Budget Preparation
Supervising The Software implementation
•Preparations Of “Monthly, Quarterly & Annual" Financial Statements
Actual vs. Budget Variation Analysis
•Cash Flow Management
•Supervising The Implementation Of H.R. Rules
•Auditing of financial statements & operation systems.
•System analysis & Software Implementation
•Financial Analysis
•Commercial Services Department (1/99-10/99): Responsible for ongoing and day to day L/Cs & L/Gs of Wadi Al-Seer Branch. Checking of L/C documents, Controlling entries and amendment of L/Cs.
•Deposits Department (7/96-12/98): Responsible for deposit department activities in general including teller activities
Certified Mnagement Accountant
Certified Public Accountant
Accounting