cfo chief financial officer
Metro Jeddah Company Limited
Total years of experience :27 years, 1 Months
Director of Finance oversee all finance, accounting and forecasting, budgeting and corporate strategic funding. My role directs all financial activities and provide advises and support to the CEO in concerning the overall financial and strategic objectives of the company and to ensure that the company's financial commitments are met. Developing all necessary policies and procedures to ensure the sound financial management and control of the Company’s business.
Responsibility:
• Set strategic financial management activities such as capital structure, treasury, CF Management and defining corporate funding strategy.
• Direct and control finance staff to ensure that they are appropriately motivated and developed, so that they carry out their responsibilities to the required standards.
• Develop and control the company’s annual operating budget to ensure that all financial targets are met and financial and statutory regulations complied with.
• Provide financial advice and guidance to the company's managers and staff to enable them to achieve their objectives.
• Providing investments solutions and decisions on investment mix and policy, matching investments to objectives, allocation and balancing possible risk.
• Oversee the preparation of the company's financial accounts to ensure that these are presented accurately and on time, develop and provide strategic financial reports and budgeting (periodic financial status and for the fiscal year).
• Develop and implement an internal audit programmed to ensure that the company complies with financial procedures and regulations.
• Develop and maintain all necessary systems, policies and procedures to ensure effective and efficient financial management within the company.
• Monitor external contracts and services provided by suppliers to ensure that these are operating effectively and provide the best value to the company.
• Carry out all necessary actions to ensure that the company meets its financial and legal obligations.
• Board Member - provide for fiscal accountability, budget recommendation and governing the organization for the Higher and the Steering board by establishing broad policies and financial objectives for the company.
• Participate in the Audit Board Committee and Internal Board Committee - presenting periodical financial results and its compliance with the company’s financial policies.
• Fulfill and act in accordance with the implementation of IFRS and the IAS Financial reporting.
Analysis and Interpretation of Financial Statements by looking at the various parts of the financial statements, relating the parts to each other and to the picture as a whole.
•Comparative Horizontal Analysis of Balance Sheets and Income Statements.
•Appraise progressively the soundness, adequacy and application of the internal control systems;
•Assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
•Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits.
•Attend Board and Subcommittee meetings; including being the lead staff on the Finance Committee.
•Ascertain the extent to which the system of internal control ensures compliance with the policies and procedures and State laws and regulations;
•Ascertain that the system of internal control promotes the efficient and effective use of resources;
•Ascertain that the system of internal control operates to ensure that the assets are properly controlled and safeguarded from losses arising from fraud, irregularity or corruption;
•Ascertain that there are adequate controls to ensure reliability of accounting and other information as a basis for producing accounts and for financial, statistical and other returns;
•Ascertain that there is an adequate internal control system to ensure the integrity and reliability of financial and other information provided to the Governing Authority; and
•Confirm compliance with laws, regulations and Government Guidelines.
•Setting and renewal of counter party limits, the proper execution of the risk committee approval decision Review assessments of unit price of the investment funds.
•The monitor and the reporting of any deviation from the approved conditions set by the RIC or exceptions to the approved policies and procedures.
•The proper disbursement in accordance with appropriate authorities and the custody of all policies and procedures.
Providing and interpreting financial information.
•Monitoring and interpreting cash flows and predicting future trends.
•Analyzing change and advising accordingly.
•Formulating strategic and long-term business plans.
•Researching and reporting on factors influencing business performance.
•Analyzing competitors and market trends.
•Developing financial management mechanisms that minimize financial risk.
•Conducting reviews and evaluations for cost-reduction opportunities.
•Managing a company's financial accounting, monitoring and reporting systems.
•Liaising with auditors to ensure annual monitoring is carried out;
•Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations such as the Inland Revenue;
•Producing accurate financial reports to specific deadlines;
•Managing budgets;
•Arranging new sources of finance for a company's debt facilities;
•Supervising staff;
•Keeping abreast of changes in financial regulations and legislation.
Responsibility:
• Tracks financial status by monitoring variances from plan.
• Determines financial status by comparing and analyzing plans and forecasts with actual results.
• Improves financial status by analyzing results and variances; identifying trends; recommending actions.
• Reconciles transactions by comparing and correcting data.
• Increases productivity by developing automated applications; eliminating duplication's; coordinating information requirements.
• Provides information to management by assembling and summarizing data; preparing reports; making presentations of findings, analyses, and recommendations.
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Accomplishes finance and organization mission by completing related results as needed.
Prepare complex financial analyses and models to aid in investment decisions.
• Identify potential markets and market trends.
• Conduct due diligence investigations of client companies.
• Research price, distribution and other transactions and make suggestions for the company to improve revenue.
• Research and structure transactions and price and distribute securities.
• Support the preparation of detailed memoranda and presentations describing the key attributes of client companies, Research potential buyers/investors.
• Participate in marketing events for the company, make client presentations, and prepare entire marketing strategies.
• Market reading and preparing the daily Markets Reports.
• Following Clients requirements and Keep them Market up-date.
• Covering the Clients FX and Money Market requirements, covering the Bank daily position with SAMA.
• Conducting Clients visits to follow up and enhance Clients relationship.
• Conducting seminars related to Treasury business.
courses: Capital Market Exam (CME 1) •IFRS 9 Financial Instructions •Oracle ERP Implementation – Cert. of Achievement •Certified Budget Analyst (CBA)
courses: Capital Market Exam (CME 1) •IFRS 9 Financial Instructions •Oracle ERP Implementation – Cert. of Achievement •Certified Budget Analyst (CBA)