Group Financial Controller
Abu Khader Group
Total years of experience :23 years, 2 Months
Key Achievements
• Succeeded in Improving and unifying group monthly and yearly financial reporting and planning.
• Managed to develop group consolidated financial reports and analysis.
• Support AK Group main companies in finalizing financial and accounting manuals.
• Helped owners in taking investing decisions by finalizing feasibility studies and valuations for several projects.
• Played a key role in several acquisitions by finalizing the due diligence, valuation and physical count for the target companies.
• Acting as a liaison between our external auditors and companies financial mangers which helped in expediting the work.
• Developing the valuation process for finance team and establishing a succession plan.
Duties and responsibilities:
• Administers, controls, and develops the accounting function to exercise complete control over income, expenditure, cash flows, fixed assets and movable assets in strict accordance with the company policies and procedures.
• Controls all revenues received and dispersed including accounts receivables, accounts payable, and payroll, audit, purchasing, and inventory management.
• Prepares management reports outlining the financial position in the areas of income, expense and earnings based on past, present, and future expectations.
• Prepares financial analysis including variances explanation and makes recommendations to ensure the achievement of business goals.
• Ensures that the decision makers in the firm understand the financial implications of the missions they set for their company in a specific period.
• Organizes the financial management of the operations and the future investments.
• Marinates a strong control environment to safeguard the company’s assets.
• Reviews and develops accounting processes.
• Reviews and fills tax matters including VAT in compliance with local, regional regulations.
• Coordinates with the companies external auditors ensure audited statements were issued on time.
• Follows all group financial managers make sure that all accounting records are maintained as per laws, regulations and financial statements are issued on timely basis.
• Ensures companies monthly results are issued on timely basis as per the approved policies and procedures.
• Integrates, Analyzes group results received, report variances to company’s general managers in coordination with the group CFO.
• Coordinates With all group company’s financial managers banks commitments’ and ensure all liabilities are settled on due dates.
• Ensures all companies leverage ratios are in accordance with group policy.
• Ensues and follows all companies filling with the tax department and that all companies are obtaining tax clearance on timely basis.
• Ensures all group financial managers are complying with the approved business plan.
• Ensures all group financial managers are complying with the approved Matrix.
• Reviews all credit policies and ensure all group financial managers are complying with these policies.
• Responsible on all engagement letters with the external auditors and issuing the audited financial statements.
• Follows and ensures authorization matrix is implemented and arrange on amending such matrix where applicable.
• Ensures all group financial managers are covering their exposures in foreign currencies in coordination with the group CFO.
• Consolidates group results in coordination with Group CFO.
• Renews all group companies’ bank facilities on time.
Finance & Admin Manager
Key Achievements
• Managed to control company cash flows and working capital which result in decreasing the company financial cost.
• Played a major role as one of the company managing committee in increasing company market share and making it generating profits.
• Arranged to develop the company organization structure and initiating the finance and credit departments.
• Succeeded to pass the company to the safe side through the 2016 war in the country and overcome all its bad effects.
• Lead the team in smoothly implementation of the new ERP.
• Managed the move and the instruction for the company new facilities.
Duties and responsibilities:
• Ensure the sound financial position of the company to secure its current profitability and future growth
• Manage the healthy relative percentages of expenses versus income
• Secure good returns on all investments
• Ensure that all financial and accounting procedures are based on International Standards
• develop a strategic plan for the department and ensure these strategies meet the needs of the business and enhance the efficient running of the organization
• Ensure all working procedures comply with company policy and financial laws
• Enhance the operations of the company through detailed financial procedures and communication of the financial position of the organization
• Establish a budgeting process to enhance the financial position of the organization
• Ensure that delegated activities, responsibilities, authorities and accountabilities of all direct reports are defined, understood and monitored
• Ensure that new members of staff are appropriately inducted into the division
• Deal with disciplinary issues as they arise
• Ensure all deadlines are met by the division
• Ensure internal communication links are maintained
• Audit and approve all accounting entries according to the IFRS.
• Recruit and manage the finance employees ensuring their individual skills are developed and act as a conduit between the employees and senior management
• Identify and recommend changes, new procedures and techniques to eliminate weaknesses in practices and procedures or operations from stand point of control and prevention
Key Achievements
• Play a major role in developing the company internal audit department.
• Helped in improving group internal controls through recommending the needed actions resulted from evaluation for the internal controls.
Duties and responsibilities:
• Carry out an independent appraisal of the effectiveness of the policies, procedures and standards by which the group financial, physical and information resources are managed
• To work with management to ensure a system is in place which ensures that all major risks of the group are identified and analyzed, on an annual basis
• To plan, organize and carry out the internal audit function including the preparation of an audit plan which fulfils the responsibility of the department, scheduling and assigning work and estimating resource needs
• To make recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management's response and implementation
• To review and report on the accuracy, timeliness and relevance of the financial and other information that is provided for management
• To conduct any reviews or tasks requested by the audit manager.
• Review process narratives and develop flowcharts
• Conduct risk and control assessments
• Identify process and/ or control improvement opportunities and collaborate with process/ control owners to develop proactive solutions.
• Prepare draft reports on Compliance and Internal Audit
• Monitor the progress of corrective actions and follow up
• Maintain working papers and documentation
