Financial Controller
SISCO Group
مجموع سنوات الخبرة :12 years, 11 أشهر
SEDCO Holding Group is a leading private wealth management organization with a track record of excellence dating back over 40 years.
Accomplishments:
• Commanded Real Estate & SEDCO Holding OPEX yearly budgeting and forecasting function.
• Entrusted with ownership of RE investment consisting of 4+ Billion BV and 8+ Billion MV, investment analysis, evaluation, performance reporting, and support decision making & recommending action directly with CFO.
• Streamlined the budgeting cycle and challenging ROE budget by recommending each department to deliver realistic and targeted expenses in liaison with investment to achieve an optimized budget and company's financial stability
• Part of the Group and participated in quarterly CFOs form.
Key Responsibilities:
• Shouldered full responsibility for the annual budgeting cycle, quarterly and rolling forecast and the provision of all financial and analytical analysis including financial documents and statements, detailed commentaries, presentation packs and Key Performance Indicator dashboards.
• Efficiently managing year-end accruals; presenting the actual financial position of the firm at the end of the year allowing good quality management information to be produced for better decision-making.
• Administering cost centers reporting, tracking and cost optimization. Developing thoughtful methodologies and applying financial rigor throughout the process
• Developing existing disciplines of performance review within finance and the wider business, analyzing and interpreting financial and non-financial information, and advising/challenging/supporting on overall business & financial performance
• Generating monthly performance reporting package to CEO, and quarterly performance reports for the Board and the investment committee.
• Acting as main contact for financial reporting developments and initiatives, leading RE Portfolio supporting execution of the IFRS convergence plan.
• Conducting comprehensive forecasting and planning analysis on any serious deviation to KPIs. Supporting function’s management in The Group-wide Expenses Management by conducting analytical review of group operating expenses.
• Tracking RE & REITS & OPEX revenue and expenses, evaluating Actual vs. Budget and recommending arrangements to close gaps.
• Providing relevant insights to historic investment decisions, particularly the performance of capital investments. Write-off/provision recommendation on investment and receivable of RE portfolio. (Locally and internationally).
• Directly liaising with external auditors on issuing Financial Statement.
• Conducting Equity & return analysis in addition to solvency analysis for Operating Companies.
Almarai Company is the world’s largest vertically integrated dairy company and region’s largest F&B manufacturing and distribution Co. It is ranked as No.1 FMCG Brand in MENA region and is market leader in all its categories across the GCC.
Joined the organization as Corporate Finance, Treasury and Risk, moved on upward career trajectories, to merit promotion to the position of Corporate Finance, Project Finance - Project Development Accountant
Designation Chronology:
• Jun 2012 - Jul 2013: Corporate Finance, Project Finance - Project Development Accountant
• Mar 2012 - May 2012: Corporate Finance, Project Accountant
• Sept 2011 - Feb 2012: Corporate Finance, Treasury and Risk
Accomplishments:
• Managing high-end project- capitalizing the expansion in Milk, Laban, Cheese, and Juice’s Production Line in Almarai Plants 1&2
• Successfully managed 5YP Depots development budget of SAR 2 billion, include financial evaluation, budgeting, raising Capex and monitoring them fully until completion.
• Effectively handled SAR 1.5 billion open projects monitoring & closed about SR200M CAPEX.
Key Responsibilities:
• Charged with project accounting for optimizing firm’s liquidity and ensuring adequate cash flow to meet the organization’s needs. Partnered with sales team for enhanced cash flow prediction and forecasting.
• Supported corporate projects with financial impact analysis, performed projects evaluation and financial modeling (NPV, IRR, and Discounted Payback).
• Established and enforced appropriate internal control procedures; to ensure effective/ efficient financial controls are in place. Maintained day-to-day financial control of the service within budget.
• Finalized annual accounts, reconciled all contract accounts and endeavored to achieve short term and long term strategic project objectives.
Key Responsibilities:
• Presided over day to day treasury activities of the organization related to operational cash flow, borrowings, risk management and ongoing capital/cash flow projections.
• Endeavored to eliminate exchange rate risk through enhanced FX deals and hedging. Executed hedging strategies, within a defined risk appetite, hedging framework and risk limit structure.
• Involved in weekly FX deals reposition. Conducted FX rate analysis, supporting development of the company's foreign exchange risk management strategy, which is of increasing importance as the business continues to grow globally.
• Financial Analyst (part time) for registered companies at the Arab Capital Market Resource Center, Better Trend Group, Dubai, UAE
Education • CFA Candidate Professional Development: • Dale Carnegie HYPO Program of Graduate Leadership Excellence, Mercure Hotel, Riyadh, Saudi Arabia, the certificates Approved by Central Missouri University, USA, started November 2011 – September 2012 (http://www.dalecarnegie.com)