CFO-Vice President
Alhamrani Fuchs Petroleum Saudi Arabia Ltd & Fuchs Oil Middle East Ltd
مجموع سنوات الخبرة :42 years, 6 أشهر
Handling CFO's responsibilities, such as but not limited to:
1. Manage financial model and long and short-term business plans. Work with Business Units for ongoing updates/iterations of the financial model ensuring assumptions always reflect the evolving nature of the commercial business.
2. Establish implementation of accounting principles and methods used in-conjunction with accounting standards.
• Supervising Accounting team, Managing Collection and Cash Flow, Preparing financial statements, Budget & Forecasts, Implementing Internal Control System and Internal Audit.
• Direct the preparation of the annual Finance & Administration business plans and operating and capital expenditure budgets, ensuring that adequate funding provision is made for all activities. Monitors expenditure against approved levels on a regular basis, investigate and justify significant variances to ensure effective performance and cost control.
• Manage all invoicing, payments and reconciliations and oversee Accounts Payable and Accounts Receivable.
• Direct the activities of the Finance & Accounting function with accountability for the current and long-term effectiveness of all financial functions of the organisation, including: finance and account reporting, budgetary and cost controls, accounts payable and receivable, treasury, management information systems, and project accounting.
3. Work with the senior management team and other internal stakeholders to set the annual budget and forecasts, control execution ensuring compliance and corrective measures when necessary.
• Participate as a member of the Executive team to the development and refining of the vision and strategy, and contributes to the overall process of management and corporate decision making to ensure the organisation maximizes its short, medium and long-term profitability.
• Coordinating and helping top management and business departments: Sales & Marketing Strategy, Capex, Purchasing, and Board of Directors Meetings: Presentation of financials, answering board members queries, review of strategies and presenting suggestions and alternatives solutions.
4. Oversee the management and coordination of all fiscal reporting activities including: organizational revenue/expense and balance sheet reports, Business Units’ reports, and ensure adequate cash flow to meet the organization's needs
5. Establish and monitor financial KPIs, reporting actuals vs. plan and proposal of corrective measures when necessary.
6. Work with Business Units on their Financial KPIs and all reconciliations related to the actual results.
7. Support the sales team in the preparation of Business cases and reports related to new products and new customers, impact of new benefits and effectiveness of Trade campaigns.
8. Work with the leadership team on presentations for Steering Committees and the C-management level and attend meetings as required.
9. Lead the Audit function and interact with external auditors and Fuchs Internal Audit Department to ensure Fuchs Petrolub-Risk mitigation plans regarding the internal audit activities:
• Align internal audit plans to Fuchs risk management processes and Budget risk plans to ensure audit plans reflect identified corporate risks and to ensure a proactive and timely risk control across the company.
• Continuously improve internal audit and compliance processes & systems to reflect industry best practices.
10. Build up and develop Business relationship:
• Advanced Knowledge and understanding of financial modeling and analyses along with knowledge of pricing, budget and cost analyses.
• Work with local bank financing for bank facilities.
• Understanding of the local business environment and working with different business related parties.
Handling CFO's responsibilities, such as but not limited to:
1. Manage financial model and long and short-term business plans. Work with Business Units for ongoing updates/iterations of the financial model ensuring assumptions always reflect the evolving nature of the commercial business.
2. Establish implementation of accounting principles and methods used in-conjunction with accounting standards.
• Supervising Accounting team, Managing Collection and Cash Flow, Preparing financial statements, Budget & Forecasts, Implementing Internal Control System and Internal Audit.
• Direct the preparation of the annual Finance & Administration business plans and operating and capital expenditure budgets, ensuring that adequate funding provision is made for all activities. Monitors expenditure against approved levels on a regular basis, investigate and justify significant variances to ensure effective performance and cost control.
• Manage all invoicing, payments and reconciliations and oversee Accounts Payable and Accounts Receivable.
• Direct the activities of the Finance & Accounting function with accountability for the current and long-term effectiveness of all financial functions of the organisation, including: finance and account reporting, budgetary and cost controls, accounts payable and receivable, treasury, management information systems, and project accounting.
3. Work with the senior management team and other internal stakeholders to set the annual budget and forecasts, control execution ensuring compliance and corrective measures when necessary.
• Participate as a member of the Executive team to the development and refining of the vision and strategy, and contributes to the overall process of management and corporate decision making to ensure the organisation maximizes its short, medium and long-term profitability.
• Coordinating and helping top management and business departments: Sales & Marketing Strategy, Capex, Purchasing, and Board of Directors Meetings: Presentation of financials, answering board members queries, review of strategies and presenting suggestions and alternatives solutions.
4. Oversee the management and coordination of all fiscal reporting activities including: organizational revenue/expense and balance sheet reports, Business Units’ reports, and ensure adequate cash flow to meet the organization's needs
5. Establish and monitor financial KPIs, reporting actuals vs. plan and proposal of corrective measures when necessary.
6. Work with Business Units on their Financial KPIs and all reconciliations related to the actual results.
7. Support the sales team in the preparation of Business cases and reports related to new products and new customers, impact of new benefits and effectiveness of Trade campaigns.
8. Work with the leadership team on presentations for Steering Committees and the C-management level and attend meetings as required.
9. Lead the Audit function and interact with external auditors and Fuchs Internal Audit Department to ensure Fuchs Petrolub-Risk mitigation plans regarding the internal audit activities:
• Align internal audit plans to Fuchs risk management processes and Budget risk plans to ensure audit plans reflect identified corporate risks and to ensure a proactive and timely risk control across the company.
• Continuously improve internal audit and compliance processes & systems to reflect industry best practices.
10. Build up and develop Business relationship:
• Advanced Knowledge and understanding of financial modeling and analyses along with knowledge of pricing, budget and cost analyses.
• Work with local bank financing for bank facilities.
• Understanding of the local business environment and working with different business related parties.
Lead the Audit function as External Auditors:
• Understand the business, Understand of the local business environment and work with different business related parties (banks, Customers, Suppliers, Lawyers, etc, , , )
• Continuously improve internal audit and compliance processes & systems to reflect industry best practices.
• Build up and develop Business relationship with customers.
• Advanced Knowledge and understanding of financial modeling and analyses along with knowledge of pricing, budget and cost analyses.
• Issue Audit Report and Financial statments .
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