Bilal Bushnaq, CFO

Bilal Bushnaq

CFO

DerayahFinancials

Location
Jordan - Amman
Education
High school or equivalent, Accounting and managment
Experience
26 years, 3 months

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Work Experience

Total years of experience :26 years, 3 months

CFO at DerayahFinancials
  • Saudi Arabia - Riyadh
  • My current job since February 2014

• 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

Financial Controller at Royal Jordanian Airlines
  • Jordan - Amman
  • November 2012 to January 2014

• 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.

Chief Financial Officer at International Brokerage & Financial Markets
  • Jordan - Amman
  • May 2005 to March 2011

• 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

Financial & Administrative manager at Jordan United Press Company
  • Jordan
  • August 2003 to May 2005

•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

Financial Manager at Asia Pulp & Paper Company Ltd.
  • Jordan
  • July 2000 to July 2003

•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

Financial officer at NUqul Group
  • Jordan
  • November 1999 to July 2000

•Auditing of financial statements & operation systems.
•System analysis & Software Implementation
•Financial Analysis

Officer at Arab Bank Plc
  • Jordan
  • July 1996 to October 1999

•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

Education

High school or equivalent, Accounting and managment
  • at ICMA
  • February 2002

Certified Mnagement Accountant

Higher diploma, Public Accountants
  • at ICPA
  • November 1998

Certified Public Accountant

Bachelor's degree, Accounting
  • at Jordan University
  • June 1992

Accounting

Specialties & Skills

Risk Analysis
Treasury Management
Loan Structuring
Cash Management
Accounting
MS Excel, Word & Power Point (Office 97). Internet (WWW & e-mail)
Trouble shooting

Languages

English
Expert
Arabic
Expert

Training and Certifications

Structuring, Implementing and Managing M & A (Training)
Training Institute:
IIR Middle East
Date Attended:
January 2007
Business Combination (Training)
Training Institute:
Ski Institute Of Technology
Date Attended:
July 2006