chief financial officer
GT Medical Co.
Total years of experience :28 years, 11 Months
The company is operating in the Poultry business for more than 20 years and has an exclusive agent for certain international brands. The company acts as a supplier for some of the biggest poultry companies in the MENA region.
Accomplishments:
• Served as Trusted partner to the CEO, established the company’s vision, strategic objectives and expansion plans.
• Provided financial and organizational leadership, strategic vision and direction to accelerate growth across the Group.
• Advised on the best capital structure, dexterously developed/implemented sound business & fiscal management practice
• Served as subject matter expert for financial and analytical intel, assisted the CEO and Board of Directors with strategic initiatives by studying market/economic trends & risks, and how to take advantage of opportunities and mitigate risk.
• Directed and led the conversion from local accounting standards to IFRS.
• Rendered strategic financial advice to the management, defined and developed necessary strategic plans for restructuring the assets and liabilities at holding and its subsidiaries.
Key Responsibilities:
• Commanding the Group’s financial planning and budgeting process including long term strategic plans and annual group consolidated business plan.
• Directing establishment of financial strategies for the group and individual companies, development and implementation of policy, procedures, internal controls and operational plans,
• Establishing budgeting process for all companies, and working with the GMs and Head of finance of each company for effectively projecting, monitoring and analyzing expenses, and cash flow against budgets/forecasts, analyzing variance and initiating corrective actions.
• Joining Project Team Members in identifying improvement opportunities within the project and develop justifications to substantiate potential cost savings.
• Monitoring financial performance at Group and Company level and reporting of individual companies to Regulator, related authorities, Board of Directors and outside investors.
• Driving financial excellence and improvement of financial planning and analysis capabilities across Group entities. Implementing the evaluation system and set companies and departments goals, KPIs, and appraise the performance.
• Directing the treasury, funding and banking activities of the group, ensuring highest level of rigor and consistency in alignment with the objectives and strategy of the Company.
• Employing technology for enhanced efficiency, facilitating new ERP implementation across all companies.
Accomplishments:
• Provided on-going financial executive leadership and commanded the Finance Department, supervised development of financial and accounting policies/systems, adequate financial planning and control, and accurate and timely preparation of financial accounting statements and management reports, IT support to all departments.
• Entrusted with active management of funding resources, assessed when financing is needed to keep up with the company's fast pace growth, future strategy, pivots, and changes.
• Concomitantly handled procurement process and review contracts from a financial point of view to ensure delivery of optimal quality and cost-effective procured items and service as well as safeguard companies’ best interest.
• Developed and managed financial reporting framework across the business leveraging best in class business intelligence framework.
• Exhibited extensive understanding and mitigated key elements of the company's risk profile. Maintained internal control environment to the highest standards of compliance and integrity.
Key Responsibilities:
• Administered transition process of Saraya group and Al Maabar Jordan companies into Eagle Hills Jordan.
• Played a key role in shaping the future of Eagle Hills Jordan, established the Finance teams and new startup operation from scratch and instituted the organizational structure, business processes and company policies.
• Prepared and implemented annual budgets and 5-year business plan and the budget process for all Saraya and Al Maabar companies concluding it with a formal presentation to and approval from companies BOD.
• Planned the implementation of Oracle ERP across all companies. Drove financial discipline and realize cost optimization opportunities in all aspects of IT spend.
• Leveraged exceptional negotiations skills for securing Saraya Abdali a syndicated loan.
• Superintended a team of core finance professionals in coordinating the overall financial operations & directing financial activities in achieving short/ long term strategic objectives as well as ensuring safe, compliance & accurate reporting.
Accomplishments:
• Instrumental in establishing finance department and reporting system. Ensured that financial control policies/procedures and audit/compliance requirements meet company and legal standards.
• Ownership of Corporate P&L and financial planning and analysis processes around functional cost reporting.
• Managed a private equity fund through issuing preference shares by JOD 430 million.
• Provided technical guidance and support to the GM and Board of Directors, as required on areas related to budget review and endorsement, reallocation of budgets, etc. to ensure informed financial decisions are made.
Key Responsibilities:
• Prepared and implemented the annual budgets. Provided ongoing expertise and guidance related to financial decisions based on budgeted and forecasted expenses, revenue, assets, and cash flow analysis.
• Introduced process improvements, identified and reviewed cost-reduction strategies and KPI’s that maximized per unit profit margin by decreasing operational costs and optimizing the workforce while delivering increase in bottom line.
Accomplishments:
• Established budgeting policies and procedures. Designed and maintained the Cost Center, Profit Center and Internal Order structure.
• Instrumental in building from scratch the budget templates for all Saraya Group companies.
• Core team-member of implementation project. Designed/maintained Cost, Profit Center and Internal Order structure in SAP.
• Played a pivotal role in identifying/reviewing cost-reduction strategies and KPI’s that maximized per unit profit margin by decreasing operational costs and optimizing the workforce while delivering increase in bottom line.
Key Responsibilities:
• Annual budget process owner, oversaw budgeting of Capital Investment projects based on business plans, financial models and financial statements.
• Developed and led a strategic budget process that is holistic and transparent to meet the current and future needs of the Saraya Group. Proactively worked with department leaders to improve financial outcomes and worked with leadership to provide budgetary and analytic support to optimize the deployment of resources.
• Managed cash flow projections, established the framework structure for cost collection and cost allocation.
• Conducted Trend analysis of overhead costs and cost planning based on cost centers and variance analysis based on actual. Reviewed actual costs incurred from the Purchase Requisition, Purchase Order to Invoice posting.
• Demonstrated expertise in procurement/ contract management, reviewed contracts to ensure they are optimally structured sans ambiguous commercial terms and conditions.
Joined the organization as Credit Officer, moved on upward career trajectories, to merit promotion to the position of Budgeting & Financial Planning-Section Head
Designation Chronology:
• January 2006 - July 2007: Budgeting & Financial Planning-Section Head
• August 2000 - January 2006: Budgeting & Financial Planning Controller
• August 1997 - August 2000: Credit Officer
Accomplishments:
• Core team member in Arab bank Hyperion project implementation.
• Participated in Arab bank Business process re-engineering team under Booze Allen Hamilton supervision.
• Classified the Chart of Accounts (COA) according to the structure of the financial statements and reflecting the impact of any changes in the international standards and the new adopted strategies by the bank on (COA) and provides the branches with the final adopted COA for the budgeting purposes.