Elfatih Ali CMA CertIFR DipIFR ACCA under progress

Forecast monthly, quarterly and annual results
Approve or reject budgets
Conduct risk management
Evaluate and decide on investments
Supervise a team of Accountants
Allocate resources and manage cash flows
Conduct profit and cost analyses
Develop secure procedures to maintain confidential information
Ensure all accounting activities and internal audits comply with financial regulations
Consult board members about funding options
Recommend cost-reducing solutions

Telecommunications Co
Telecommunications
Responsible for the efforts, results, and success of an organisation's finance department. Provides financial advice and support to help senior executives make key decisions.
Oversee, review, and adhere to the budgets for each business department
Assist in company-wide budgetary planning
Ensure that all of the company's financial practices are in line in statutory regulations and legislation
Analyse the financial climate and market trends to assist senior executives in creating strategic plans for the future
Interpret complex financial information and provide updates and information as needed
Monitor cash flow, accounts, and other financial transactions
Supervise financial assistants and other employees in the facilitation of day-to-day operations, including tracking financial data, invoicing, payroll, etc.
Prepare official reports on a monthly and annual basis
Seek out methods and practices to minimise financial risk
Contract auditing services to ensure financial monitoring is up-to-date
Create and maintain relationships with service providers and contractors, including banking institutions and accountants
Update and implement financial policies and procedures
Maintain a policy manual for the finance department
Work with human resources employees to secure candidates who will be an asset to the finance department
Select achievements
Increase credit facilities from the Banks by 250%
Issued Financial Statements for 2019 and 2020
Build a strong financial management department

• Direct finance team of 22, report to Board Director, encompassing controllership, Strategic Planning, Efficiency and effectiveness of Operation, Funding, Risk management and IC, Financial Information, Increase Market share, Business operation, Decision support, Financial planning analysis, sale report and Business system within 1200 employee .
Select achievements
• Application new ERP system
• Reduction the cost of finance from the bank by 1.5% to 2 % and increased the value of the credit line to support operation activity
• Establish and build strong team
• Transformation to the IFRS

Manage team of 34 accounting and finance, reported to Bord Director, more than 500 employees, Direct accounting and finance including transaction processing and facilities, Data acquisition, ensure financial strategic and operation plan, ROI Strategic, Profitability, financial forecasting and performance measurement
Select achievements
• Developed high performance accounting and finance team
• Increased revenue growth from 2013 to 2018 ---- 80% and improved margin 5% by adding new line of business and minimize the cost
• Increased fixed assets up to 80 %
• Increased company finance from bank and suppliers with lower cost
• Application new ERP system

Riyadh - Saudi Arabia
• Company Industry: Trading, Wholesale and FMCG
• Report to CEO
• Defining policies and procedures for divisional assignments
• Provide guidance to divisional staff
• Financial planning - Budgeting
Financial performance vs. Budget, update financial projections as per company guidelines, business assumptions clarified, aligned and clearly presented to Management.
• Ensure accurate and timely financial reporting:
Accurate financial statements issued on time every month, monthly performance is reviewed with management and department heads
• Effective balance sheet management
Reconciliation, aging and follow up on accounts receivables, aging and verification of inventories, fixed assets tracking and verification, depreciation as per policies, minimize interest cost via effective treasury management, effective risk coverage
• Strong working relationships with banks and financial institutions, lead negotiations and manage all financing channels
• Efficiency and effectiveness of resources consume

- Riyadh - Saudi Arabia
- Company Industry: Manufacturing and Industrial
- Report to CFO
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