فهد الزميع

•Established the target, strategy, business models, and forecasts for the next 3 years, at the time of starting the company.

• Started with establishing the basic accounting and reporting setups and converted into a fully
integrated and automated accounting and MIS function.

• Worked closely with the bank, to establish lines or credits for Emkan business, based on the
company’s objectives, targets and cash flow projections.

• Worked closely with the bank to structure and execute securitization transactions to ensure
availability of liquidity to support business objectives keeping in line with the regulatory
requirements.

• Established team of professionals to ensure a smooth work and succession planning.

• Worked on developing the skills of the finance team to enhance productivity and quality of work.

• Setup systems and MIS to meet the regulatory and shareholders reporting requirements on time.

• Supported business and risk, in pricing strategies of the products.

• Designed accounting setups and achieved automation for all products of Emkan, including Ijara, Tawarraq, Credit Card, SME, Monshat, Kafalah, and Retailer Finance.

• Established reconciliation functions to monitor the accuracy of completeness of all accounting
records.

• Established an automated workflow system for all accounting, finance, and procurement activities.

• Setup a mechanism of daily liquidity monitoring and compliance with the covenants of credit
facilities and securitization transactions.

•To assist Head of Finance in various activities related to daily MIS and MPR Reporting.

•Development of MIS and liaison with Business in collating necessary information and coordinating with business owners.

•Ensure timely preparation & submission of daily Income Statement of the bank to be reported to CFO.

•Managed and handled the issuance of a complete set of monthly financial statements for the bank and its subsidiaries along with a full analysis to be reported to CFO and top management.

•Ensure better control over books of accounts, Assets, Liabilities, Income and Expenses, monitoring of all GLs with analysis of any unusual transactions.

•Forecasted monthly, quarterly, and year-end income statement and balance sheet based on history, economic condition, and seasonality using common technical analysis and presented results to top management.

•Engaged in preparation of a monthly budget achievement report to be presented in high committee meeting.

•Report to the management regarding retail, corporate, and treasury performance on monthly, quarterly and annually basis indicating the strength and weakness in each division. Also, disseminating to the management whether the business departments have achieved the budget or not.

•Working with the business departments to set up the executives expected growth and allocate the budget for the following year.

•Involve in preparing the bank’s benchmark (growth by division, NPL, capital adequacy ratio, coverage ratio…etc.).

•Review the bank’s accounting policies and procedures.

•Develop suitable MIS for various management meetings periodically, Analyze and interpret bank’s data and present to management for decision making.

•Ability to represent the values of the bank in a positive and professional manner at all times.

•Measurement of Business KPIs for alignment with strategy and priorities.

•Publishing of periodic business progress updates & trends across products / teams / geography to relevant stakeholders for timely actions.

• Publishing various MIS cuts & relevant analysis having impact on business segments for the perusal of stakeholders on a periodic basis.

•Analyzing variance of actual performance versus budgets.

•Incorporate feedback from stakeholders for strengthening MIS & Analytics towards better sales effectiveness and performance amongst business/sales teams.

•Preparation, analysis and distribution of the daily and monthly management information report (MIS), which contains balance sheet, profit and loss and forecast by business groups (Retail / Corporate / treasury).

•Preparation high management committee presentation (HMC), which reflects complete financing (Loans) growth, trend, margin and markups the products.

• Conduct market research to analyze competitors, collect data on the performance quality of applications, testing, and data services against prescribed metrics and benchmark.

• Leads the analysis and reporting of the Bank’s financial performance to Board of Directors.


• Assist in the preparation of monthly internal consolidated financial reports.


• Analyze changes in the balance sheet and complete the associated metrics.


• Responsible for preparation of certain aspects of external financial statements and notes.


• Responsible for preparation of quarterly and annual financial statements of AlRajhi Bank.


• Liaise with external and internal auditors and provide assistance to complete other internal and external requests.


• Manage the preparation and distribution of internal financial statements and reports, maintaining the highest quality, reliability and accuracy.

• Develop and maintain the integrity of the financial reporting process and financial controls.

• Conduct all audits based on risk assessment methodology auditing “high risk areas” accounts


• Assist the internal audit manager in developing annual audit program partnering with independent public accountants in order to provide adequate audit coverage without duplicating efforts.


• Provide assistance to audit manager in assessing risk in functional areas to facilitate the audit schedule and determine the scope and objectives of all individual audits.


• Engage in reviewing the adequacy of management’s response to audit reports.


• Partnered in creating and implementing a revision of internal control procedure to ascertain and maintain adequate protection of company’s assets.




• Managed a 15-person staff of internal quality auditors developing process and procedures, assigning team, responsibility, overseeing tasks and timelines.

• Reported internal audit activities to the Internal Audit Committee (IAC).

• Conduct all audits based on risk assessment methodology auditing “high risk areas” accounts

• Provide assistance to audit manager in assessing risk in functional areas to facilitate the audit schedule and determine the scope and objectives of all individual audits.