Senior Financial Advisor
Confidential
Total des années d'expérience :19 years, 11 Mois
Provided and conducting Full feasibility study for up to $40 million project, Oversaw all regulatory filings, legal matters and litigation, long-range planning, and investor/ lender communications, Assess the market opportunities and provide recommendations with a high-level strategy to maximize the launch of a revenue-generating.
Activities performed/to be performed
- Headed pre-feasibility / preliminary analysis evaluating the opportunity/ viability of project.
- Support the development of strategic marketing plans, including analysis of customer segments, competitor analysis, business trends, and market opportunities
- Analyzing financial and market data, and taking a deal through the full process through to successful completion
- Work with stakeholders to complete project outline and scope, goals, deliverables and required resources Built models, negotiated structure, and made executive recommendations
- Produce a full feasibility study report incl. (Market, Technical and Financial study)
- Support the development of strategic marketing plans, including analysis of customer segments, competitor analysis, business trends, and market opportunities
- Analyzing financial and market data, and taking a deal through the full process through to successful completion
- Negotiations with lenders/ Manufacturer in Germany to fund the main production line by $ 25 million as a loan with best grace period as well as interest rate.
Advanced to lead 3 region business units with staff of ~ 300 personnel and $25 million annual revenues; additional unit integrated in 2017 to bring totals to ~370 personnel and $30+ million. Oversee team of 5 managers across all units/functions, including HR, finance, customer service, and business development.
Spearheaded financial aspects for planning, implementation, managing and running of all the finance activities of a company, including business planning, budgeting, forecasting and negotiation. Established stronger financial reporting, enhanced cost controls, introduced tax, international credit and collections, and developed multi- company financial accounting and reporting systems. Gained tremendous international finance and regulatory experience setting up companies and commercial operations.
Key Contributions
Delivered year-over-year revenue growth and increased share of market in major accounts and strategically important regions, including Egypt.
Created a more streamlined, less bureaucratic structure with fewer layers of management, successfully reducing workforce 10% without disturbing continuity of operations.
Preserved cash for operating needs while enabling competitive compensation to employees by developing new company-wide stock option plan.
Advising strategic recommendations to the CEO/president and members of the executive management team.
Led management team in identifying and correcting critical problems; reduced and streamlined overhead expenses,
strengthened product gross margins, overhauled and improved operating processes and systems, resolved quality
and warranty issues, and differentiated product lines
Visited all sites personally and organized meetings with team on quarterly basis to ensure understanding of and
gain buy-in for newly-implemented changes.
Key Responsibilities
Drive strategic and financial analysis in reviewing opportunities, by doing; Analyzing industry, business and financial trends; creating financial projections and models; and driving valuation analysis (NPV, IRR, DCF)
Direct due diligence efforts, including the hiring of third-party advisers and consultants, negotiating contracts, and coordinating overall efforts.
Obtaining and maintaining investor relations and partnership compliance.
Providing leadership, direction and management of the finance and accounting team.
Identifying risks & opportunities during each quarter and leading team in mitigating risks and capitalizing on
opportunities.
Set employee objectives and KPI's in conjunction with employees, ensuring they are in line with the function's
objectives and the company's overall corporate goals
Establishing and developing relations with external partners and stakeholders
Creating and enforcing accounting and finance policies, procedures, and internal controls
Assess financial performance of organization with regard to long-term operational goals, budgets and forecasts.
Recruited to oversee all financial reporting, budgeting, general accounting, credit and collateral, procurement- related financial business cases, vendor proposal evaluations, and divisional finance.
Managed financial aspects of corporate planning process for major investments, including purchases of CAPEX and new services. Converted financial statements to full IFRS. Renewed focus on operating results leading to subsequent reductions in project costs by implementing new project accounting system, standard monthly reports, and project reviews
Key Contributions
Played key role in diversifying business and positioning company
Led efforts to document general accounting and treasury policies and procedures; issued standard, company-wide
policy and procedures manual
Documented cash management function and developed process for reviewing and improving overnight investment
arrangements and controls.
Contributed to business unit receiving top award from independent firm for customer satisfaction gained through
after-sales service focus and improvements. Recognized for customer-centric focus and extraordinary customer intimacy in understanding and meeting needs.
Key Responsibilities
Lead the business planning process, including preparation of detailed budgets & rolling forecast
Manage and enhance the monthly financial reporting process, including provision of KPIs and exception reporting
Develop management information to assist management in understanding performance against budget & forecast
Lead the Take Cost Out initiatives and set a proper plan including the details of each TCO initiatives
Liaise and collaborate closely with the AME Finance Team to ensure alignment within region
Act with the auditors, and communicate with them to ensure all questions can be answered efficiently
Ensure financial policies are being adhered to as set out in the APMT financial manual
Develop and motivate the finance team through goal-setting and regular feedback and completion of annual
performance appraisals
Partnered with Management and reported to the CFO to develop yearly and quarterly budgets for organization’s SAVETO Group SAR 700Million operating plan and budget.
Key Contributions
Developed annual operating plan presentations.
Managed annual & quarterly forecasts for Group organization.
Performed value added analysis on risks and opportunities and presented options to executives to make
informed decisions that delivered revenues and profits.
Developed a model to deploy strategic plan and annual budgets by country for long term planning purposes.
Designed, implemented and tracked a model outlining foreign exchange implications on the delivery of USD
results
Directed profit and loss analysis and annual budget preparation, presenting actual vs. forecast performance on
quarterly basis to Senior Management team and explaining variances as needed
Key Responsibilities
Preparing consolidated financials, forecasts & budgets and analyzing current and past trends in key performance indicators including all areas of revenue, cost of sales, expenses and capital expenditure, Highlighting trends and causes of unexpected variances
Ensuring that Group reporting is clear, concise and meets the needs of the users
Providing early warnings on trend changes in financials and Key Performance Indicators
Overseeing and managing the continued development of Group Budgeting, Financial Forecasting And Operating
Plan
Initiating and following through to completion, the annual Budgeting and Planning Cycle
Developing financial models and analysis to support Group strategic initiatives
Supporting the CFO with in-depth analysis of the performance of all Group Companies
Establishes databases of pertinent information for use in analyzing future plans and forecasts
Make recommendation to the management regarding the cost saving or profit generating opportunities and
profitability improvement strategies
Provide technical and other support for mergers and acquisitions and other projects as needed
•Providing leadership of the Finance Function across the company, driving performance, processes and continuous improvements
•Define, develop & implement Finance/Accounting plans, policies & procedures in line with the company’s Corporate Finance strategy to support the achievement of overall business objectives.
•Manage all aspects of the finance function including General Ledger, Fixed Assets, Acc Payable, Acc Receivable, Petty Cash, and Bank Reconciliation etc.
•Manage all relevant treasury activities such as investment of free cash balances & efficient management of cash as per the company’s requirement
•Liaise with external auditors, tax agents, bankers, insurers, statutory bodies & internal auditors
•Supervise the preparation of timely & accurate financial statements & reports to meet the company & department requirements, policies & standards
•Formulate funding plans to meet the cash flow requirement by defining appropriate capital structures which take into account the cost of capital & financial risks & provide a recommendations on how to achieve the funding requirements
•Develop & maintain good working relationships with other departments, external agencies & service providers to support the smooth provision of finance/accounting services across the organization
•Coordinate completion of internal & annual statutory audits as per agreed schedules to meet meets its statutory obligations & financial risk is minimized
•Recommend improvements to departmental policy & direct the implementation of procedures & controls covering all areas of Finance activity so that all relevant procedural/legislative & tax requirements are fulfilled while delivering a quality, cost-effective service.
•Ad hoc tasks and preparing reports as directed by the CFO
•Responsible for ensure that the financial records of the company are maintained according to IFRS
•Timely, regularly and duly prepare and present financial statements and reports as required by management in accordance with company policies & procedures
•Responsible for orchestrate all accounts payable/receivable activities including invoices, payments and manage all general ledgers activates including the monthly, quarterly and end of year closing
•Lead Monthly financial close process
•Prepares month-end timetable and follows-up on deadlines to ensure timely close-off for the General Ledger accounts
•Responsible of ensure all payroll activities are conducted accurately and in a timely manner
•Manage finance department KPI’s
•Liaise and provide support to internal/external auditors when needed
•Act promptly on external and internal auditors’ recommendations to improve the control environment within the Company
•Provides variance analysis reports and suggests corrective action in matters having financial implications
•Monitor income and expenditure versus budget, rolling estimate and previous year
•Assess, monitor, plan and manage the efficient utilization of cash and financial instruments in a manner consistent with the objectives of the Company, and specifically:
•Maintain liquidity for current and future financial obligations in a cost-effective manner globally;
•Optimize cash resources, reduce interest expenses and monitoring cash in and outflows (payments / receipts)
•Maintain access to short and long term financing at the lowest cost possible
•Manage and supervise all aspects of cash flow.
•Forecast daily cash requirements and execute daily financing decisions
•Manage long-term and short-term investment strategies
•Manage related cash accounting procedures and processes
•Manage relationships with financial service providers.
•Monitor bank service fees and address quality issues.
•Conduct global benchmark studies of banks and their services to evaluate whether it fits the Company’s requirements.
•Manage, direct, and develop Cash Management staff
•Recommend, implement and maintain process improvements
•Provide technical and other support for mergers and acquisitions and other projects as needed
• Responsible of vendors (International Companies) accounts (Unilever &Wrigley’s) from A-Z where we are their agents in Jordan.
• Prepare/deliver of accounts as per IFRS
• Monitor income and expenditure versus budget and previous year
• Manage creditors and payments on time
• Day to day transactions
• Correspondence with foreigner vendor
• Preparing of debit & credit notes for foreigner vendors
• Monthly reporting & analyze the variances between actual & budget.
• Close all open / un-reconciled supplier accounts by conducting periodic reconciliations
• Maintain all staff dues and report on a monthly basis to Payroll officer, reconcile all deductions and ensure completeness of records on both databases (Accounts & HR).
• Prepare monthly reports that show and explain the variances between actual and budgets.
• Banks reconciliation
• Handled payroll
• Build / modify chart of accounts.
• Bank transactions & bank position.
• L/C accounts.
Accounting
Tawjihi