Group CFO & Board Member
"Confidential" Group
مجموع سنوات الخبرة :44 years, 9 أشهر
=A diversified industry Closed Joint Stock with a workforce of more than 3, 000 (Finance Team is more than 70) consisting of 7 Business Units (BUs) with diversified activities. Group Business Fields cover Logistics, Shipyard Building, Maintenance & Repairs, Constructions, Marine Lines, Travels, Freight Forwarding & Trading.
=Primary responsibility is to serve as "Super CFO" for the purpose of Business restructuring & transformation and mentoring finance teams to elevate financial and operational performance.
=Achievements:
* Led strategic financial planning process improving earnings
* Rebuilt accounting and finance team
* Built treasury function
* Negotiated and closed new revolving lines of credit
* Restructured management incentive processes
* Rebuilt credit function saving Group millions
* Implemented best practices in financial reporting and controls while maintaining an entrepreneurial culture
* Reduced debt financing margins (SIBOR) by 250+ bps on revolving line of credit by accurate cash forecasting
* Created reliable & timely financial reporting structure and controls system
* Increased banking financing at best rates and terms
* Improved working capital by reducing inventories and improving credit processes
* Won commendations from Board of Directors and Financial Institutions for quality and transparency of monthly financial reviews, quarterly board packages and special projects presentations
* Implemented best practices in accounting processes
* Drove financial reporting group to win award as #1 financial reporting compliance and working capital management
* Improved effectiveness of utilization of ERP
* Restructured Group Sectors and appointed/ promoted Finance Manager for each sector
* Led strategic cost reduction team resulting in improving EBITDA by >15%
* Supported business units heads in achieving the ultimate objectives
* Led the usage of shared services
* Developed and implemented strategic plans for operating business units
=A diversified industry group with a workforce of more than 4, 500 (4 Main Sectors, 22 Companies & JVs) (Finance Team 150).
=Group Business Fields cover Logistics, Industrial, Automotive and Real Estate & Investments.
=Achievements
* Led strategic financial planning process improving earnings
* Rebuilt accounting and finance team
* Built treasury function
* Negotiated and closed new revolving lines of credit
* Restructured management incentive processes
* Rebuilt credit function saving Group millions
* Implemented best practices in financial reporting and controls while maintaining an entrepreneurial culture
* Reduced debt financing margins (SIBOR) by 500+ bps on revolving line of credit by accurate cash forecasting
* Created reliable & timely financial reporting structure and controls system
* Selected and implemented new ERP system and financial consolidations process
* Increased banking financing at best rates and terms
* Improved working capital by reducing inventories and improving credit processes
* Won commendations from Board of Directors and Financial Institutions for quality and transparency of monthly financial reviews, quarterly board packages and special projects presentations
* Implemented best practices in accounting processes
* Drove financial reporting group to win award as #1 financial reporting compliance and working capital management
* Improved effectiveness of utilization of ERP
* Restructured Group Sectors and appointed/ promoted Finance Manager for each sector
* Led strategic cost reduction team resulting in improving EBITDA by >15%
* Supported business units heads in achieving the ultimate objectives
* Led the usage of shared services
* Developed and implemented strategic plans for operating business units
=Left position due to family relocation difficulties
Alali Real Estate Group has a workforce of more than 350 (Finance Team was 30). The Group Consists of diversified activities covering 4 main Businesses in Real Estate Development & Contributions, Installment, Construction and Marketing.
=Achievements
* Led strategic financial planning process improving earnings
* Rebuilt accounting and finance team
* Restructured management incentive processes
* Rebuilt credit function saving Group millions
* Implemented best practices in financial reporting and controls while maintaining an entrepreneurial culture
* Created reliable & timely financial reporting structure and controls system
* Improved working capital by reducing inventories and improving credit processes
* Won commendations from Board of Directors for quality and transparency of monthly financial reviews, quarterly board packages and special projects presentations
* Implemented best practices in accounting processes
* Drove financial reporting group to win award as #1 financial reporting compliance and working capital management
* Led strategic cost reduction team resulting in improving EBITDA
* Supported business units heads in achieving the ultimate objectives
* Developed and implemented strategic plans for operating business units
=Left position due to achieving business goals
A diversified activities group with a workforce of more than 2, 500 (Finance Team was 200) & having the following 3 Main Sectors &
Group Business Fields cover Recreation, Industrial, Hotels, Resorts and Furnished Apartments.
=Achievements
* Led strategic financial planning process improving earnings
* Rebuilt accounting and finance team
* Restructured management incentive processes
* Rebuilt credit function saving Group millions
* Implemented best practices in financial reporting and controls while maintaining an entrepreneurial culture
* Created reliable & timely financial reporting structure and controls system
* Improved working capital by reducing inventories and improving credit processes
* Won commendations from Board of Directors for quality and transparency of monthly financial reviews, quarterly board packages and special projects presentations
* Implemented best practices in accounting processes
* Drove financial reporting group to win award as #1 financial reporting compliance and working capital management
* Restructured Group Sectors and appointed/ promoted Finance Manager for each sector
* Led strategic cost reduction team resulting in improving EBITDA
* Supported business units heads in achieving the ultimate objectives
* Led the usage of shared services
* Developed and implemented strategic plans for operating business units
* Established Internal Audit Dep. And appointed staff
=Left position due to achieving business goals
A diversified activities group with a workforce of more than 1, 200 (Finance Team was 90). Business Fields cover Logistics, Industrial, Contracting, Auto, and Real Estate & Investments
=Achievements
* Led strategic financial planning process improving earnings
* Rebuilt accounting and finance team
* Built treasury function
* Negotiated and closed new revolving lines of credit
* Restructured management incentive processes
* Rebuilt credit function saving Group millions
* Implemented best practices in financial reporting and controls while maintaining an entrepreneurial culture
* Reduced debt financing margins on revolving line of credit
* Created reliable & timely financial reporting structure and controls system
* Selected and implemented new ERP system and financial consolidations process
* Increased banking financing at best rates and terms
* Improved working capital by reducing inventories and improving credit processes
* Won commendations from Board of Directors and Financial Institutions for quality and transparency of monthly financial reviews, quarterly board packages and special projects presentations
* Implemented best practices in accounting processes
* Drove financial reporting group to win award as #1 financial reporting compliance and working capital management
* Improved effectiveness of utilization of ERP
* Restructured Group Sectors and appointed/ promoted Finance Manager for each sector
* Led strategic cost reduction team resulting in improving EBITDA
* Supported business units heads in achieving the ultimate objectives
* Led the usage of shared services
* Developed and implemented strategic plans for operating business units
=Left position due to Group Entities liquidation process
One of the Big 4 International Audit Firms
Headed and was involved in: Financial Audits, Reporting to the Client's Audit Committee, and Prepared and filed Zakat and Tax Returns.
One of the Big 4 International Audit Firms
I was involved in: Financial Audits, Reporting to the Client's Audit Committee, and Prepared and filed Zakat and Tax Returns.