CFO
Al-Sarq Steel Industries Co.
Total des années d'expérience :26 years, 7 Mois
1. Along with senior leadership establish and manage the company’s
annual strategic plan and objectives
2. Preparation of monthly forecasts incorporating historical results and
future assumptions
3. Lead the full cycle accounting and finance functions including AR/AP,
payroll, cash, general accounting duties, month-end close, journal entries,
general ledger, accounts reconciliation, fixed assets, allocation of
expenses, monthly financial statements and reporting requirements
4. Maintain the accuracy and timeliness of financial / accounting processes
and reporting in accordance with company accounting policies,
and other international accounting standard .
5. Lead multi-functional teams in the preparation, analysis and
Presentation (estimates at completion)
6. Establish direct program budgets and perform variance analysis to
Budget and identify corrective actions
7. Prepare cost proposals and estimates with accompanying rationale and
Justification for new business development opportunities
8. Coordinate and manage various monthly, quarterly and annual audits
and interface with the audit teams.
9. Update and revise as needed Disclosure Statements.
10. Responsible for documentation and maintenance of a documented
System of accounting policies and procedures including effective internal
Controls :
11. Hire, train and supervise staff including team building in a multi-cultural
Environment
12. Coordinates with corporate finance functions (corporate reporting, cost
Accounting, treasury) to ensure that timely and accurate reports and
Analysis are provided, appropriate journal entries are prepared and
Recorded, and assists with the internal and external audits
14. Assists in development and maintenance of controls over company
Assets.
15. Support GD Arabia Management Committee meetings with
Financial/status reports
16. Other responsibilities that may be assigned from time to time Major Competencies/Skills.
-Performs statistical analyses to determine trends, estimates, and significant changes, and writes narrative reports explaining findings.
-Analyzes financial information detailing assets, liabilities, and capital, and prepares balance sheet, profit and loss statement, and other reports to summarize and interpret current and projected company financial position for top Management .
-Audits contracts, orders, and vouchers, and prepares reports to substantiate individual transactions prior to settlement.
-Determines proper handling of financial transactions and approves transactions within designated limits.
-Monitors compliance with generally accepted accounting principles and company procedures.
-Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
-Installs, modifies, documents, and coordinates implementation of accounting systems and accounting control procedures.
Devises and implements system for general accounting.
-Makes recommendations regarding the accounting of reserves, assets, and expenditures.
-Conducts studies and submits recommendations for improving the organization's accounting operation.
-- Prepares journal entries and reconciles general ledger and subsidiary accounts; prepares monthly financial statements, including details of monthly revenue and expenditure reports to departments.
- Analyzes and reconciles expenditure and revenue accounts, including Shareholders accounts and External reports.
- Makes wire transfers and reconciles monthly bank statements.
- Monitors revenues and expenditures, ensuring data is recorded in the financial accounting system.
- Calculates and prepares reimbursement billings and tracks receivables; reconciles monthly accounts receivable.
- Prepares audit schedules for external auditors and acts as a liaison between the Company and auditors.
- Assist in preparing the annual financial statements for the Company,
- Assists with the preparation of the annual and mid-year budgets.
- Assists with the fiscal year-end and fixed asset accounting.
* Preparing the Monthly financial statements.
*Monitoring Bank Accounts and conducting the necessary reconciliation.
*Preparing the cash flow.
*Preparing plans& budgets forecast.
*Keeping proper budgetary control.
*Making the necessary analytical jobs.
*Making Contractors Payments.
*Managing local organizations Financing.
*Auditing transactions and authorizing Payments.
*Preparing the monthly Financial report to Head office in New York.
*Inspecting Warehouses reports and conducting the physical stocks count.
*preparing staff Payroll and overtime sheets.
*supervising the Transportation department.
*Auditing hubs and Local Organization accounts and reports.
-Heads the General accounts Department in the Bank.
-Supervising all bank departmental accounts such as Investment department, Foreign Department and Customers accounts from general accounts point of view.
-Preparing the bank Consolidated Accounts and balance sheet.
-Analyzing departments accounts.
Making staff payroll and overtime sheets.
-supervising Bank Purchases.
-supervising Staff loans and salary advances.
- making sure accounts were prepared in Generally accepted accounting principles and auditing.
- Awareness of Financial Systems implementation.
- Professional usage of Ms. Office and other accounting applications.
- Prepare Integrated reports & accounting documentation
- GL maintenance including control of Chart of Account.
- Monitoring Accounts Payable transactions.
- Monitoring appropriate accounting of all Assets.
- Responsible for the Organization operational effectiveness.
- Supervises Account Payable book-keeping & accounting functions.
- Prepare Integrated reports & accounting documentation that could feed into decision-making processes by senior management.
- Supervises GL maintenance including control of Chart of Account.
- supervises the performance of the General Ledger period-end procedure ensuring the completion of system integration process are up to the required standard.
- monitoring Account Payable transactions.
- Appropriate accounting of all Assets.
- Accounting of Insurance & other business contract
- Review & Approve all Payable documents & ensure proper & timely recording into accounting system.
-consolidates the Organization accounts and makes the Financial reports on monthly basis.
-Managing 25 Millions UK Pounds Cash liquidity in addition to 32 Millions non-cash budget in shape of Commodities and Humanitarian relief.
- Making contractors Payments and auditing all thethier setlements through out the regions.
- Analyzing reports and provides the management with condensed reports for actions taking.
-Supervises warehouses and Transportation department Fuel and vehicle movement.
- preparing the budget forecasts and concludes the necessary markets surveys to manage very near data.
Working closely with Finance Manager in reporting and auditing.
•Checking warehouses and preparing stocks report.
• Reconciling all banks and monitoring incoming and out going cash remittances.
•Visits branches for Auditing and assistance.
•Making Projects accounts separately and prepares the consolidated reports.
• Making the financial report to London with Finance Manger.
• Accounting for the entity's activities in accordance with US and Saudi GAAP
• Development and maintenance of an effective control environment.
CERTIFIED FINANCIAL CONSULTANT -USA
Certified Accountant Technician -Canada
College of Business studies , Accounting Department, the syllabus Studied was Accounting, Statistics, Principal of law, Economics, Cost Accounting, Data processing, Business Law, Company Law, Advanced Accounting, Auditing and investigations, Quantitative Analysis and Management Accounting.Aquired a credit degree in Accounting