Chief Financial Officer ( CFO )
STC Channels Group
Total years of experience :15 years, 1 Months
•Provide the required linkage between the Board of Directors and the Executive Management Team, and provide them with adequate information to carry out their responsibilities;
•Assist the CEO & Board of Directors in setting strategic goals, objectives, budgets, policies, and procedures to enhance its market share, profitability and return on investment;
•Participate in developing new business aligned with new funding opportunities;
•Develop, in coordination with the Executive Management Team, as per norm of practice any required integrated business plan that optimizes market share and profitability of existing or new activities;
•Set departments' high-level goals, objectives and plans and work with them on attaining such goals by closely monitoring their operations;
•Establish and maintain an effective system of communications throughout the company to ensure that the responsibilities, authorities, and accountabilities of all executives are clearly defined and understood;
•Conduct a strategic review of performance on a regular basis to determine whether the company or the Group is meeting its short-and long-term objectives (maximizing profits& owners’ equity returns, increase in market share, return on investment, etc);
•Analyze operating results of the business and the Group and its units versus approved plans & KPIs in line with historical data;
•Translate the operational metrics into performance measurements, dashboards, and ratio analysis to communicate both the company’s expected v.s actual financial performance;
•Establish procedures to mitigate the Group's financial risks, and maintain proper financial records and adequate accounting control and services;
•Monitor and maintain strategic banking relations and activities for the Group, and ensure adequate cash flow to meet the organization's needs;
•Manage & control the cash flow position throughout the company, including oversight of cash reporting process aligned with invoicing & collections processes;
•Directs and coordinates the financial objectives and obligations for the Company including IFRS and VAT implementations & compliances.
•Ensure financial integrity and reliability, reviewing and strengthening business internal controls and procedures
•Implement effective cash projections driven from Business Units including Project Management;
•Reviews working capital and cash flow requirements on a regular basis;
•Serve as main channel of information to CEO, Board and Operating Executives, on company economic, business and financial conditions, as well as their impact on the overall strategies and objectives;
•Oversee the annual budget and business plan of the department, and direct corporate budgets;
•Recruit, train, motivate and evaluate his/her team to ensure that the department has the necessary skill base and that staff are optimally motivated and enabled to maximize their potential and contribution to the company and the Group.
•Provide the required linkage between the Board of Directors and the Executive Management Team, and provide them with adequate information to carry out their responsibilities;
•Assist the Board of Directors in setting strategic goals, objectives, budgets, policies, and procedures to enhance its market share, profitability and return on investment;
•Participate in developing new business aligned with new funding opportunities;
•Evaluate and recommend investment opportunities;
•Negotiating and closing complex investment transactions;
•Develop, in coordination with the Executive Management Team, as per norm of practice any required integrated business plan that optimizes market share and profitability of existing or new activities;
•Set departments' high-level goals, objectives and plans and work with them on attaining such goals by closely monitoring their operations in line with agreed KPIs.
•Establish and maintain an effective system of communications throughout the company to ensure that the responsibilities, authorities, and accountability of all executives are clearly defined and understood;
•Conduct a strategic review of performance on a regular basis to determine whether the company or the Group is meeting its short-and long-term objectives (increase in profits, increase in market share, return on investment, etc);
•Analyze operating results of the business and the Group and its units versus approved plans & KPIs in line with historical data;
•Directs and coordinates the financial objectives and obligations for the Company including IFRS and Zakat implementations & compliance;
•Establish procedures to mitigate the Group's financial risks, and maintain proper financial records and adequate accounting control and services;
•Monitor and maintain strategic banking relations and activities for the Group, and ensure adequate cash flow to meet the organization's needs;
•Manage cash flow planning, including oversight of cash reporting process aligned with invoicing & collections processes;
•Implement effective cash projections driven from Business Units including Project Management;
•Reviews working capital and cash flow requirements on a regular basis;
•Oversee Supply chain, IT, and HR & Admin functions;
•Serve as main channel of information to CEO, Board and Operating Executives, on company economic, business and financial conditions, as well as their impact on the overall strategies and objectives;
•Oversee the annual budget and business plan of the department, and direct corporate budgets;
•Recruit, train, motivate and evaluate his/her team to ensure that the department has the necessary skill base and that staff are optimally motivated and enabled to maximize their potential and contribution to the company and the Group.
•Directs and coordinates the financial objectives and obligations for the Company;
•Planning, budgeting and forecasting;
•Advising business management on financial risks inherent in business activities and new business initiatives;
•Formulating the overall asset allocation plans for the company;
•Evaluating and recommending of investment opportunities;
•Negotiating and closing complex investment transactions;
•Financial Management Systems;
•Establishing and managing banks relationships;
•Investigating with legal entities on appropriateness of investment ( M&A );
•Analyzing portfolio, tracking of the portfolio value against market values and ensuring the stress testing is carried out to identify any potential issues caused by economic and market change;
•Managing and monitoring all aspects of the real estate funds, placements and investments, equity portfolios ( local & overseas- over USD one billion )- Asset Management;
•Analyzing and managing investment portfolios risks and returns;
•Performing thorough due diligence of transactions, including constructing financial models, and reviewing the legal documentation.
Enhanced with courses such as US Taxes, Auditing, US Governmental, and Managerial & Cost accounting in University of ALABAMA in U.S.A.