فراس الخشاني

Will be added

Joined the organization as Financial Planning Manager, moved on upward career trajectories, to merit promotion to the position of Finance Manager - Acting Finance Director

Designation Chronology:
• April 2016 - Present: Finance Manager - Acting Finance Director
• September 2015 - March 2016: Financial Planning Manager

Accomplishments:
• Hand-selected by Board of Directors to assist the new CFO in restructuring finance department as well as system and process revamp project.
• Played an integral role in the continued growth of the company by providing strategic financial support and analysis.
• Trusted Member of litany of Committees:
- Member of Credit committee (Authorized credit limits approver for new and existing customers).
- Member of Fleet control committee (approved fleet planning and Transactions).
- Member of Tenders and pricing approvals committee.
- Member of Facility committee (Grants approval; over all facility transactions Rentals, constructions, etc.).
- Member of Used cars Sales committee (Grants final approval over used cars sales deals).
• Entrusted/ Authorized Members as one of the Bank signatories as per the DOAM (Delegation of Authority Matrix).

Key Responsibilities:
• Presiding over day-to-day work of Finance department, establishing short- and long-range, strategic financial plans, including capital budgets and capital management in accordance with the annual and long-range strategic planning of the company.
• Serving as a value-added business partner & challenger interacting and providing financial planning and decision support to business stakeholders.
• Developing and implementing financial planning & analysis best practices, procedures and processes to drive best in class forecast & planning, managerial & statutory reporting, business insight and analysis to support key members of the senior leadership team including Board of directors, Executive committee & Internal Audit Committee.
• Approver over company POs, financial consultations and AUPs engagements as per DOAM.
• Owning the annual budgeting process, approving authority for budgeting related activities.
• Developing methodologies, dashboards, and models for operational metric budgeting and reporting. Performing operation follow up and ensuring timely action is taken to improve the overall organization performance.
• Superintending the finance team of 30 employees & 2 managers, providing leadership through a combination of empowerment and coaching with the objective of encouraging staff development and elevating team performance.
• Investigating, analyzing and presenting recommendations with respect to cost and revenue initiatives, including processes, re-engineering and detailed reviews. Preparing tenders calculation and review rental pricing.
• Providing financial oversight and management of monthly/quarterly/annual consolidated balance sheet, income statement and business cash flow, ensuring the credibility and accuracy of the financial statements whilst guaranteeing compliance with company laws and regulations.
• Supervised collection management both retail and whole sale collection.
• Implementing best-practices in cash flow management and treasury management. Managing the complex process, reviewing on a regular basis to identify/enhance the existing processes.
• Proposing, updating, financial KPIs for the organization and reporting material incompliance.

Managing Finance Department, Collection Department and Insurance Department

Will be added

Key Responsibilities as Financial Planning Manager (September 2015 - November 2016):
• Rendered strategic financial advice to the management/ assisted partners to define and develop necessary strategic plans and operational budgets. Responsible for provision of detailed financial information and analysis to support business planning and decision-making processes.
• Championed production and delivery of intrinsic financial business plan, including but not exclusive to, profit, KPIs, capital, solvency and financial analysis. Collated reports for the management, operations, Board of Directors and other committees.
• Projected future financial needs, considering the various projects undertaken by the organizations and facilitated optimization of financial resources. Coordinated with Group Treasury Department to ensure smooth cash flow.
• Generated pricing of the company tenders and other pricing revisions as required for each line of business.
• Managed and developed direct reports to lead a high-performing financial planning and reporting team.

Accomplishments:
• Head of the Policy Setting Committee.
• Member of the Real estate evaluation committee.
• Member of the Real estate operational / financial system selection committee.
• Significantly contributed in development of roadmap for sustainable organizational performance, facilitating development of the annual business plan & budget as well as identification of growth drivers and challenges.

Key Responsibilities:
• Provision and continuous development of high quality financial management information. Streamlined preparation of daily, weekly, monthly and annual financial and administrative reports for the management and Board of Directors
• Reviewed/ approved the company contracts with tenants, contractors, advisors etc.
• Supervised administrative functions of the company including HR & IT. Ensured compliance to SLAs signed with Group HR, Group IT, Group Finance.
• Reviewed/ recommended budget revisions and Fixed Asset purchases for GM approval & arrange funds for the same.

Accomplishments:
• Head-hunted by the Group CEO for the New Subsidiary (Aqar & Memar Intel. Company) Financial separation and finance department management.
• Prepared business and financial analysis, aided top management to make, implement and stand by decisions that will ensure business excellence & profitability a long way into the future.

Key Responsibilities:
• Spearheaded day to day accounts operations, handed full spectrum of financial accounting including account reconciliations, internal audits and preparation of consolidated and stand-alone financial statements.
• Represented the Holding company in Oracle implementation meetings. Initiated recommendations of customization orders to Oracle Implementation Consultant & IT Team.
• Partnered with the subsidiaries Finance Managers on the monthly, quarterly financial reports. Supported with thorough analysis and insights regarding the Company’s actual and planned financial performance.
• Facilitated process understanding by updating the policies and procedures manual.
• Managed Auditors requirements, along with initial approval over external and internal audit plans. Discussed internal auditor’s findings and provided strategic recommendations.
• Member in the annual report preparation team. Administered revision of the stand-alone & the consolidated audited financial statements.
• Headed the finance team and the allocation of work. Set performance expectations with team members, regularly reinforced goals and provided coaching and feedback on their performance.

Deloitte is one of the big five audit firms over the world and in Saudi Arabia.

Key Responsibilities:
• Established audit programs and plans and guided the audit team in day to day functioning- designing and performing various types of audit procedures. Drafted/ reviewed financial statements to ensure compliance with local and International Accounting Standards.
• Gained extensive understanding of financial reporting, risk management, and compliance guidelines of diverse industries. Prepared planning documents including risk assessment till final reports preparation.
• Assessed internal controls, proffered strategic recommendations for enhancing internal controls, operating efficiency/ adequacy of company records & record keeping. Discussed findings with Clients Mgmt. /committees.

Key Clients to Credit:
• National Industrialization Company - Joint Stock Company with 19+ Subsidiaries
• Joan Nou & Paraskevaides Group - Saudi Arabia
• National Operation & Industrial Services Co Ltd (Khadamat)
• South Steel company Saudi ‘Solb Steel’ Closed Joint Stock Company
• Ejada Systems Company
• Shary Trading Company Limited Liability Company (First Car Rental Company in KSA)
• Saudi HEPCO Factory - Yanbo Limited Liability Company Manufactures GRP and PVC Pipes
• Al Jeel Medical & Trading Company LTD (Operates as a sole dealer for well-known medical equipment)
• Geant Saudi Limited (Retail Hyper Markets)
• Al Jomaih Holding Company and 3 Subsidiary Companies
• Saudi Arabian Adhesive Factory (SAAF Technologies), subsidiary of Al Banawie Group
• Special Assignment - Al Inma’a Bank (Cash flow Forecast and Monitoring)
• Special Assignment - Saudi Hollandi Bank (Review of receivables pool compliance with securitization criteria)