Finance Manager
Safwa Perfumes Groupe
Total des années d'expérience :23 years, 11 Mois
Accomplishments:
• Implement financial systems, processes, and technology to improve efficiency and accuracy.
• Established and designing the company’s financial models(Costs, Profitability, Inventory, Sales, Customers and Financial Reports).
• Reduced operating costs by 9% through strategic cost analysis and budgeting.
Responsibilities:
• Prepare reliable current and forecasting reports.
• Direct financial control of the Sister Company, Dubai, and investee companies.
• Drive the company’s financial planning and ensure alignment with strategic business goals.
• Cash Management to ensure that cash flow is appropriate for the organization’s operations for the short and long term.
• Lead financial reporting, budgeting, and forecasting processes.
• Collaborate with the CEO and executive team to support decision-making and value creation.
• Strong external relationships with auditors, bankers, tax advisors, and KSA tax authorities.
Accomplishments:
• Functioned as the analytical engine, proffered data-driven insights to support optimal financial business decision-making/long-term planning. Prepared and led the monthly business reviews with the regional office in Korea.
• Implemented ERP, led the transformation and improvement agenda, and orchestrated process improvement/ automation initiatives for sustainable growth.
Responsibilities:
• Established policies and procedures for Finance department compatible with international accounting standards and taxation laws in KSA.
• Annual budgeting and planning process owner, rolling forecast with the Business Unit Managers, provided expert advice to ensure that budgets are on target & 100% aligned with the strategic direction of the company.
• Delivered vision and value at Board level, through the provision of insightful financial analysis and action-oriented reporting to drive greater revenues and shareholder value.
• Administered Cash Management, reviewed funding structure and associated financial risks, analyses and evaluated the various funding sources.
• Mastered the fiscal functions including accounting, MIS, Tax, zakat, taxation, banking, cash management and management reporting.
• Reviewed reports of external auditors (E&Y), examined any observations contained therein for submission to the Board.
• Analyzed the project's cost and profitability compared with the estimated budget of the projects.
Accomplishments:
• Proffered effective financial stewardship- led all financial and fiscal management aspects of company operations thereby playing a key role in steering the company's future growth & development.
• Commanded development and management of credit policies, controls and strategies across the company, which facilitated in reducing credit risks as well as debt by 30 Million within two years.
• Superintended a dynamic financial team to study/revise 5-year business plan that includes merging regions and branches which led to reduce operating costs.
• Reviewed financial statements and generating monthly Management Reporting pack of financial and performance data and handled presentation at annual Board meetings.
• Embracing next-generation technology - implementing ERP-MS Dynamics with projects and facilitated automation through integration with the projects, warehouse, and accounting.
• Led transformation of the organization to IFRS, the full version in liaison with KPMG.
Responsibilities:
• Produced Consolidated financial statements for branches by region.
• Managed cash flow and working capital requirements. Ensured sufficient funds are available to meet ongoing operational and capital investment requirements. Led negotiating with local banks for facilities needed.
• Re-engineered and designed full costing and budgeting process and approval cycle thereby ensuring an efficient cost control system for Branches and regionals.
• Champion of continuous improvement efforts to Credit Controlling & Collection - assessed and updated credit policy and developed collection strategy to minimize bad debt.
• Established master annual budgets by business regions/branches and monitored monthly forecasting process and performance analysis.
Accomplishments:
• Ownership of reporting to the Board of Directors (Head Office - Abu Dhabi) and Project Management.
• Served as financial and analytical intel expert, dexterously helped develop sound business & fiscal mgmt. practices.
• Led continuous improvement, process standardization and automation of reporting/ forecasting tools leading to enhanced productivity.
Responsibilities:
• Spearheaded all financial and accounting activities of the Company including financial planning and analysis, budgeting and financial reporting, and ensuring the application of financial policies and procedures within the Company.
• Handled of the entire gamut of financial management accounting- creating P&L statements, balance sheets, cash-flow, payroll, income tax and sales tax, monthly, quarterly and yearly financial reporting.
• Monitored project costs by the estimated budget for each item during bills of quantities in coordination with the Engineering Department and deviations calculated monthly budget.
• Nurtured harmonious relationship with various banks, to secure tailor-made banking solutions/ facilities and loans (Revolving Loans and Decreasing) and for monthly reconciliations, and monthly debit interest.
Responsible for managing and overseeing all the financial and accounting activities of the Company including financial planning and analysis, budgeting and financial reporting, and ensuring the application of financial policies and procedures within the Company, and involved in the preparation and presentation of all periodic financial reports and provide financial recommendations