Audit & Accounting Supervisor
BMB & CO CERTIFIED PUBLIC ACCOUNTANTS (ADVISORY & ASSURANCE)
Total years of experience :25 years, 0 Months
Accomplishments
● Feasibility Study and Operating Model the purpose for Business Development the Service was for a CAFÉ Company in KSA, Dammam
● A feasibility study service for the purpose of applying for a funding request from the Aryaf program, Department of Agricultural Tourism - Ministry of Tourism - Kingdom of Saudi Arabia., Client was investment company in agriculture sector in KSA
● Physical verification of fixed assets and the termination of asset coding and numbering in accordance with the policies, methods and rules of coding fixed assets. The Client was a manufacturing company in KSA
● The service of Business valuation, for the purpose of sales of 30% of shares of shareholders for Aircraft Catering Company in Jeddah
● Business valuation, for the purpose of knowing the fair “book” value, in order to arrive at an evaluation of the (3, 180) equity shares and the consequences for medical service company
● Business valuation, for the purpose of knowing the fair “book” value, in order to arrive at an evaluation of the (5, 180) equity shares and the consequences for Lease vehicles service company
● Business valuation, for the purpose of knowing the fair “book” value, in order to arrive at an evaluation of the (150) equity shares and the consequences for factory in Riyadh
Responsibilities
● Audit, Assurance and Zakat: Statutory Audit, Financial Accounting, Internal Controls & Systems Process Assurance, Internal Audit, Regulatory Compliance & Reporting, Corporate Governance Services, Zakat & Tax Services
● Financial Consulting :Feasibility Study Services, Business & Real-Estate Valuation & Opinions, Financial Structure Opinions, Transaction Support Services
● Management Consulting: Strategy Development & Implementation, Business Development Services, Start-Up (Greenfield) Services, Structure and Organization Services, Business Process Development Services
● Audit service, review of financial stamens services and financial statements and financial statements assembling service
● Accounting service : outsourcing of finance department services Planning Analysis for different clients in different sectors ERP audit and services
● Information Technology Consulting: Performance and Quality Testing and/or Assessment, Online Payment, Software and App Development and Supervision
Responsibilities
● Preparation of regular financial statements reports with all the disclosures and statutory notes , Financial planning and analysis and Monthly, quarterly, and year-end close and Budget preparation and reporting
● Financial planning: Forecasting financial statements and preparing financial models
● Cost analysis reporting for projects cost variances
● Supervision consolidation process between the head office and branches
● Supervision all accounting teams operations including Billing, A/R, A/P, GL, Project accounting, and Revenue
● Preparation the periodic consolidated financial statements, Reconciliation the investment accounts and intercompany accounts
● supervision accounting closing in the branches and head office and, review the financial reports after posting in G/L and review periodic financial stalemates before final issuance
● Reviewing and finalizing Monthly Closing Activities before final upload of accounting balances in Group’s System
● Evaluating accounting policies, systems and procedures in a timely manner and their compatibility with the requirements
● Support business development in financial with required, financial modeling, financial analysis for feasibility study reports & investment appraisals Evaluation of Investment performance & trends aimed at development to support the strategy of
● Presenting monthly/quarterly/yearly Financial statements & dashboard/M-packs to Executive Team.
● Coordinating audit processes.
● Preparation and forecasting of cash flows for working capital facilities needs and Funds raising
● Banks Liaison at senior level, and Dealing with Banks / Financial Institutions on day-to-day basis for mobilization of finance, funds arrangement
● Consolidate Detailed Project Report (DPR) including financial projections, analysis of Balance Sheet and cash flow preparation and evaluation of Investment performance
Accomplishments
Pivotal in arranging additional facilities of SR 23 Million for UMIC through revolving credit lines.
Played key role in arranging additional working capital facilities of SR 10 Million for working capital needs through letters of credit
Prepared & Completed the project finance models for negotiation & restricting debt of projects for finalizing term sheet & covenants
Prepared & Completed the investment & valuation business valuation deals for sealing company shares to new investors & selling marble plants
Finalized deal for project finance for UMIC and also Developed and preformed financial models for financial analysis and Company valuation for UMIC
Enhanced operational efficiency, customer satisfaction and minimized cost by utilizing surplus manpower in serving external parties
Instrumental in securing commercial loan and Saudi industrial development fund for financing project of silicon carbide to raise SR 230 Million & SR 307 Million for large CAPEX requirements of the organization
Successfully developed corporate financial models for extensive financial analysis for fund raising and preparing 5 years plans across various investment related areas including asset allocation and refinancing
Responsibilities
Spearhead team efforts in identifying/ selecting markets for evaluating, underwriting, screening and pricing specific investment opportunities
Credit control and Oversee the extension of credit to customers
Preparation projects budget & projected cash flow by project flow wise for planning CAPEX/ fund needs & project s valuation
Monitor quality of research reports released by the department to ensure coverage of research, quality compliance related to analysis/ presentation
Collaborate with the management in enhancing organizational revenue/ diversifying into new geographies by identifying, negotiating and funding investment projects
Interact with lenders for finalizing transactions related to funding of existing or future business ventures
Coordinate activities related to budgeting, financial planning/ modeling and preparing cash flow projection
Guide team members in conducting credit analysis, feasibility study of new projects/refinancing existing projects including asset allocation, investment deployment, risk management and valuation
Conduct investment analysis IRR, NPV analysis, comparative analysis, corporate finance & financial analysis for efficiently managing cash and working capital
Liaise with various departments in preparing/ presenting annual budgets for the organization to be approved by the CEO & Board Committee
Partner with business development in designing financial models for project finance, corporate finance, investment valuation and feasibility study
Assist the CFO in preparing qualitative presentations/ financial models for banks, potential investors and owners highlighting profitability as well as risk factors involved in the transaction
Follow up with customers and collection teams in effectively maintaining collection targets
Involved in end to end management related to implementing IFRS project in compliance to project delivery schedules and other SLA parameters
Define/ implement 5-year strategy plan for the company for effectively managing assets & liabilities and investing in portfolios to enhance long term yields
Manage asset business plans for making buy/ sell/ hold decisions by highlighting financial impact of business decisions to the senior management
Lead annual budget coordination, preparation and consolidation
● Preparation of regular financial statements reports with all the disclosures and statutory notes , Financial planning and analysis and Monthly, quarterly, and year-end close and Budget preparation and reporting and the rolling 5-year mid-range business planning process
● Financial planning: Forecasting financial statements and preparing financial models
● Cost analysis reporting for projects cost variances
Successfully finalized sales transactions for real estate project for the organization & sourced finances through loan from Alrajhi Bank for real estate projects
Acknowledged for designing effective financial model related to cash budget and cash management including effectively controlling finances for existing projects
Evaluated quality of research reports released by the department to ensure coverage of research, quality compliance related to analysis/ presentation
Prepared/ presented Investment Planning Statement (IPS) for investment
Managed bank facilities and sales related to financing of real estate projects (SR 300 Million & SR 500 Million) for large CAPEX requirements for investment.
Reduced cost of maintenance by 11% by effectively implementing controls on spare inventory, maintenance request and job orders,
Instrumental in outsourcing share service department by evaluating impact on operating cash flow/ operating income
Planned/ budgeted detailed three-year operating business plan and a ten-year high-level strategic plan
Developed monthly financial indicators reporting and maintained the reporting system & review meetings based on performance gaps highlighted by financial indicators
Played key role in arranging additional working capital facilities of SR 20 Million for working capital needs through revolving credit lines, factoring agreements & letters of credit.
Prepared financial models for finance project for finalizing deals related to project finance
Prepared financial models related to financial analysis of project finance and Business Valuation Support & Analysis for Buy & sale side.
Developed financial model for Cash Budget and cash management & working capital management
Played major in finalizing the deal for financing & refinancing real estate project for Deam Corporate : my role Created financial models with different scenarios for funding projects & refinancing the corporate to show the impact on covenants, equity IRR and business value
Developed financial models for cash forecasting project wise/corporate wise for Deam Co. for Investments to support in cash management
Responsibilities
Spearheaded processes related to budgeting, financial planning, financial modeling including managing cash/ cash budget
Valuation project performance, and projection project cash low for funding and for planning and financial control
Conducted credit analysis, investment analysis such as IRR, NPV analysis, feasibility study of new projects prior to project financing new projects and refinancing existing projects
Evaluated incoming/ outgoing funds and managed Capex budget. Maintained updated project finance documents based on business and statutory requirements
Guided team members in preparing sales installment plan/ lender repayment plans
Assisted the CEO and Marketing Manager in presenting cash budget of projects to banks and the holding company (Manfee Holding) for obtaining adequate project finance
Obtained CEO & Board Committee approval prior to implementing annual budget plans. Highlighted financial impact of potential business impact to the senior management to enable effective decision making
Ascertained organizational financial health by evaluating project & corporate performance valuation
Managed financial accounting reports for preparing relevant financial analysis highlighting organizational financial health including preparing financial reporting budget/ forecast for projects and loans
Drafted/ presented relevant project finance documents, budgets and forecasts based on business as well as statutory requirements
Prepared financial projections to develop Performa financial statements and calculate fund requirements at corporate/ project level
Finalized deals and securitizations in compliance to organizational risk and investment guidelines
Collaborated with project finance of Holding Company (Manafee Holding) in preparing sales plans based on credit analysis of projects
Evaluated financial models for potential/ existing investments for green-field & brown field projects; conducted due-diligence on financial models
Managed and monitored budgets through variance analysis, sensitivity analyses, risk analysis
Identified areas of improvement to enhance utilization, cost reductions and productivity improvements
Prepared/ presented MIS for budgets Vs actual, cost analysis, variance analysis, projects performance and business & financial analysis to enable effective decision making by the senior management team
Consolidated Detailed Project Report (DPR) including financial projections, analysis of Balance Sheet and cash flow preparation of documents based on statutory requirements
Participated in negotiation with banks/ financial institutes for managing working capital
Developed annual budget based on 5 year financial plans with current year forecasts and quarterly 5 year financial plan reforecasts
Assessed/ reported on organizational performance to the senior management based on comparison with industry peers and industry leaders
Prepared and presented financial models to the senior management based on business requirements
Conducted feasibility study on new projects new projects to plan required functions
Evaluated/ sourced project finances, financial status of store investment & divestiture including trends & fluctuations affecting cash flow requirements and deal valuation
Conducted research on data to understand issues to affect transaction valuation and structuring
Prepared and presented various status reports to the senior management to enable effective decision making
Designed advanced operating, complex valuation, LBO model & project finance model and pitch book / deal commentary including buy-side M&A pitch book
Managed incoming/ outgoing funds and controlled Capex budget with relevant project finance documents
Maintained regular interaction with internal & external stakeholders based on audit requirements
Accomplishments
Played key role in refinancing gold mines to generate SR 4500 Million & SR 6428 Million based on major Capex requirements of the organization
Significantly contributed in implementing corporate financial model, 5 years business plan and governance requirement in Corporate Finance Department
Assisted the management in defining investment policy/ procedure, financial plans & forecasting in collaboration with KPMG team in Maaden
Prepared models for mining and manufacturing projects for Maaden projects for conducting project finance & investment analysis
Actively involved in closing financing of Phosphate & Aluminium smelter project
Responsibilities
Coordinated activities related to preparing corporate financial & investment appraisal models for the organization
Managed project financing for various projects like Aluminium, Infrastructure and Goldmine
Focused on budgeting, financial planning, financial modeling, cash management and cash budgeting
Participated in credit/ investment analysis such as IRR, NPV analysis, feasibility study of new projects
Involved in financing new projects and refinancing existing projects. Assessed incoming/ outgoing funds and controlled Capex budget
Prepared/ presented relevant project finance documents, budgets and forecasts based on business as well as statutory requirements
Negotiated transactions related to transacting Aluminium project & Phosphate
Spearheaded segment profitability analysis & portfolio management including trend analysis and risk identification
Assist with Capital Expenditure analysis (CCR reviews)
Implemented process improvement/ restructuring initiatives by evaluating product price and material development costs
Performed cash flow forecasts for required fund and provided analytical support to project teams by conducting financial assessment of new business initiatives & cross-functional projects
Certified Management Accountant (IMA) 2004, April Certified Valuation Analyst from International Association of Consultant, Valuers & Analyst (CVA), 2010 Certified Finance Project Specialist from American Academy of Finance, The American Academy of Financial Management, 2009