chief financial officer
Majorel KSA
Total des années d'expérience :16 years, 9 Mois
I work as country CFO for www.majorel.com
Accomplishments:
• Established a robust and high-quality financial control framework covering policies, standards and procedures are implemented and maintained across the group
• Played pivotal role in driving a business forward to achieve targets and growth. Dexterously provided financial vision consistent with strategic plan & direction of the Group. Reported to the country CEO.
• Part of the Finance Wider Leadership Team. played an active role in shaping directorate plans on engagement and culture, working practices, collaboration, teamwork etc.
• Head-hunted to manage finance function in the country and support the region
• Instrumental in managing key projects:
• Capital restructuring
• IFRS Implementation
• VAT Implementation (from scratch till submission of VAT return to GAZT)
• ERP Sajaya and Microsoft Dynamix AX 2012 Implementation & creation of chart of accounts
• Designed Authority Matrix
Key Responsibilities:
• Partnering with the CEO and other Senior Management, functioning as the analytical engine of the company, proffering data-driven insights to support optimal financial business decision making- optimize the company’s financial performance and strategic position.
• Presenting Financial Performance (segment performance) to the BOD.
• Entrusted with full control over all critical financial levers & metrics that impact the company. Supporting development of company strategy across all areas of the business, challenging assumptions and decision-making as appropriate and providing financial analysis/guidance on all activities, plans, targets and business drivers.
• Commanding/ Controlling company’s finance function, ensuring company financial systems are robust, compliant and support current activities and future growth.
• Operational budget holder with responsibility for ensuring corporate budgeting processes, reforecasts and financial projections are carried out timely & accurately.
• Re-introduced basic financial discipline and reporting, facilitated improvement on cash flows, planning, reporting and controls.
• Managing company financial policies regarding capital requirements, debt, taxation, equity, disposals and acquisitions.
• Delivering robust, timely accurate financial reporting which is fully compliant with IFRS, regulatory requirements of all statutory bodies and Group accounting standards and stand up to audit scrutiny.
• Planning annual and interim statutory audit with one of the big four audit firm.
• Leading the country finance team in coordinating the overall financial operations & directing financial activities in achieving short/ long term strategic objectives.
NAQEL is a semi government closed joint stock company providing road transportation, home delivery, warehousing, customs clearance and freight forwarding services.
Joined the company as Accounting Manager, moved on upward career trajectories, to merit promotion to the position of Senior Finance Manager
Designation Chronology:
• December 2014 - July 2017: Finance Manager
• August 2013 - November 2014: Accounting Manager
Accomplishments:
• Hand-selected to manage key IPO project, effectively built Financial Model, Financial Due Diligence & Legal Due Diligence, in partnership with our Financial Advisors (GIB Capital), Accounting Advisors (KPMG) and Legal Advisors (B&M). Prepared all sections of the prospectus - Company & Business, Risk, Corporate Governance and Financial Sections). Reported to the CFO/CEO.
• Established SOP & financial model for Ecommerce HD Services for enhanced control
• Introduced financial modulation for NAQEL accounts to publish region wise and division management reports.
• Successfully implemented ERP (Microsoft Dynamics) in finance function and modulated the chart of account.
• Entrusted to lead the IFRS implementation project.
• Awarded promotion with additional responsibilities of Billing, Credit Control and Treasury Management.
Key Responsibilities:
• Provided financial and organizational leadership, strategic vision and direction to accelerate growth across the Company.
• Superintended a dynamic team of 40 Accountants, geographically dispersed across the Kingdom. Functionally divided into Accounts, Budgeting, Treasury, Credit Control and Billing.
• Annual budget process owner, established annual financial budgets, 5 years projections plan and monthly reforecast.
• Ownership of Corporate P&L and financial planning and analysis processes around functional cost reporting.
• Evaluated new & existing business models and capital appropriation requests.
• Reviewed customers’ contracts and credit facility, endeavoured to maintain highest quality of accounts receivable & customers goodwill during the collection process.
• Closely monitored liquidity situation of the company on regular basis.
Key Responsibilities:
• As head of the accounting function, facilitated financial control through finance procedures and policies including properly recording of business transactions in compliance with SOCPA & IFRS using ERP-AX.
Balsharaf Group is one of the leading FMCG group in KSA
Key Responsibilities:
• Assisted the Chief Financial Officer (CFO) in driving financial excellence and improvement of financial planning and analysis capabilities.
• Produced monthly management accounts packs and statistics including department, division and region wise performance management analysis.
• Served as subject matter expert for financial analysis of the Financial Statements critically (Vertical & Horizontal) as well as Financial Modulation/Mapping of Management Reporting.
• Collated Monthly Contribution Margin by SKU for all divisions against budget.
• Prepared/ presented monthly Business Review Meeting (BRM) to give hands on support in decision making to the BOD.
• Prepared Working Capital Management Report/Analysis and Monthly Estimated P&L for all divisions to pre-empt forecast profits, cash flows and analyse variances from budgets in the mid of the month.
• Generated weekly and monthly sales reports and interpretations. Channel-wise management reports (including monthly/annual key accounts P&L)