Group Chief Financial Officer
Salman Bin Saedan Real Estate Group
Total years of experience :14 years, 5 Months
• Ensuring that the requirements of Company Law, and other local directives and regulations are being fulfilled
• Ensuring compliance with Finance and Accounting policies and reporting requirements of the company and its shareholders
• Ensuring compliance with company’s internal rules and guidelines
• Ensuring compliance with Bank covenants
• Timely reporting and submissions to management, shareholders, and authorities on periodical basis
• Responsible for the production and accuracy of quarterly, half-yearly and yearly financial statements of the company and workings /
schedules relating to financial statements
• Ensuring that accounting and other related administrative records of the Companies are maintained properly
• Being accountable for the set-up and update of the forecasting model, including monthly rolling forecast, Budget and Medium-Term
plans
• Periodically maintains and updates the financial model intended for the Lenders and shareholders, as well as financial ratios
• Develop very deep understanding of the Financing Agreements and the contractual framework of the project
• Ensure timely renewal of the insurance policies of the company and manage all insurance claims
• Responsible for managing Human Resources and Administration activities
• Ensure proper planning of activities and availability of required resources to meet all internal and external timelines
• Challenge technical and commercial teams in all matters impacting compliance with financial covenants and financial performan ce
• Advise Executive Management on all financial matters
• Accountable for cash management, short-term cash flow forecast and availability of funds
• Prepare required periodic and ad-hoc analysis and variance analysis
• Optimize cash-flows and financial performance of the company
• Provide all stakeholders with advice, and timely and accurate information regarding financial position and financial status, trend and
financial risks analysis
• Direct accounting and financial activities and oversee all related processes
• Implement strategies to manage tax obligations, to help maximize tax efficiency while also ensuring compliance with tax laws
• Manage the processes of calculations, documentation, and payments of taxes to ensure compliance with applicable laws and
regulations
• Timely prepare and file accurate tax returns to tax authorities
• Liaise with internal and external auditors, providing all supporting information, documentation and data needed for the compl etion of
their audit assignments and resolve any outstanding audit queries
• Responsible for designing and implementing financial processes and controls in the company, as per best standards and practic es
• Ensure compliance with financial reporting requirements imposed by lenders, shareholders, regulatory and governmental bodies
• Implement a sound and robust internal control environment in the company
• Contribute actively to the improvement of business processes and internal control environment through periodic review of gove rnance,
reporting, finance, and accounting processes to develop lean and efficient organization of work.
• Watch applicable laws, regulations, and standards
• Assess best practices that could benefit the organization
• Identify key financial and tax risks and develop and implement mitigation measures to mitigate potential risk exposure
• Provide support in developing risk management strategies and policies for other risks identified at company level
• Accountable for the financial reporting to the Executive Management, shareholders’ Finance teams, board of directors, and lenders
• Lead the renewal of insurance policies and manage insurance claims
• Ensure implementation, maintenance and development of accounting and reporting systems
• Oversee and direct the supporting documentation of all accounting records, reconciliations, and financial reports to ensure a ccuracy
and completeness of working papers and analysis.
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- Provide financial reports and interpret financial information to managerial staff while recommending further courses of action.
- Advise on investment activities and provide strategies that the company should take
Maintain the financial health of the organization.
- Analyze costs, pricing, variable contributions, sales results, and the company’s actual
- Performance compared to the business plans.
- Develop trends and projections for the firm’s finances
- Conduct reviews and evaluations for cost-reduction opportunities.
- Oversee the operations of the finance department, set goals and objectives and design a framework for these to be met.
- Manage the preparation of the company’s budget.
- Cooperates with auditors to ensure appropriate monitoring of company finances is maintained.
- Correspond with various other departments, discussing company plans and agreeing on future paths to be taken
- Prepare financial analysis - financial module - business plane - feasibility study
- Preparing the planning budgets of the company
- Working on the opening of banking facilities with banks to provide the necessary liquidity to open new investments.
- Ensuring that all internal policies and procedures of the company are implemented.
- Monthly presentation of the results of the company with the departments concerned. Identifying weaknesses and strengths.
- Presentation of financial analysis vertical and horizontal to the Board of Directors to determine the general situation of the company.
- Working on the optimal use of the assets of the company to achieve the largest cash reserves.
- Responsible administratively for the Department of Finance and coordination with other departments in all matters.
- Preparation of audit balances, adjustments and periodic financial reports.
- Control the documents issued and received to the accounting department, and ensure the authenticity and contain the necessary signatures according to the powers. - Prepare the periodic and annual inventory plan for the fixed materials and assets and match them with the accounts. - Review and approval of requests for payment at specified times (era - suppliers - rent exhibitions ...).
- Review the salaries and wages of employees. - Responsible for the administration and maintenance of the accounts program and its data on granting powers to members of the management of accounts - Reviewing customer S O A (ageing report, quality report, credit facility, etc.) - Reviewing vendor S O A (payment terms and PO price comparing with market to enhance and improve the cash flow cycle)
- Finalize the VAT &uploaded the report on Zakat & tax website
- - Review and maintain all cost cycle.
- Full business analysis
- Risk mangment analysis& assessment
- Review the bank accounts and ensure there is sufficient cash available and settlement the bank balance.
- Working on the petty cash. review, control & closing
- Working with the staff to ensure that the wire transfer payments are properly reviewed, identified and recorded.
- Reviewed and minting reliable and accurate GL records, month reconciliations.
- Improve the company cash flow and make the forecasting cash flow monthly & quarterly and control the budget with actual expenses
- Making the customer aging and follow up the collection
- Analysis the inventory aging.
- Working on the costing of the project even (transportation or warehouse contract).
- Adjust all the payable police and to make ensure of the credibility the invoice
- Ensuring all monthly, quarterly and annual financial report on time.
- Ensuring timely reconciliation of bank on monthly basis.
- Work on the customer account and confirmation those balances.
- Work on the suppliers account and confirmation those balances.
- Work on the fixed assets and it’s adjustment and ensuring all recorded and processed.
- Work in T.B and reviewed it.
- Preparing the financial statements (P&L / B.L / CASH FLOW). And make all the analysis ratio with recommendation
- Preparing viability study for the new activity that a target from the owner
- Preparing the budget and control it with the actual figures and analysis the V.S
- Cooperationwith the operation & maintenance department to improve them documentary session and to active the control tools for supervisor, driver, labor, stock keeper, date entry) and evaluate them performance.
- Finalize the VAT &uploaded the report on Zakat & tax website
- Review the bank accounts and ensure there is sufficient cash available
- Working with the staff to ensure that the wire transfer payments are properly reviewed, identified and recorded.
- Reviewed and minting reliable and accurate GL records, month reconciliations.
- Prepare cost sheet for all job order and math production and M O H allocation
- Working on the manufacture cost and the pricing policy (Bottle cap factory& land escape).
- Make P& L for each job order & work on the overhead manufacture cost and allocate it on the segments.
- Working on the L / C (costing and closing).
- Ensuring all monthly, quarterly and annual financial report on time.
- Ensuring timely reconciliation of bank on monthly basis.
- Work on the customer account and confirmation those balances.
- Work on the suppliers account and confirmation those balances.
- Work on the fixed assets and it’s adjustment and ensuring all recorded and processed.
- Work in T.B and reviewed it.
- Preparing the financial statements (P&L / B.L / CASH FLOW).
- Reviewed and minting reliable and accurate GL records, month reconciliations.
- Review the bank accounts and ensure there is sufficient cash available
- Ensuring all monthly, quarterly and annual financial report on time.
- Working on the L / C (costing and closing).
- Work on the fixed assets and it’s adjustment and ensuring all recorded and processed
- Fixed assets and Inventory accounting and warehouse accounting management.
- Payroll process payout. Accounts payable and full expenditure cycle
- Liabilities and provisions related calculation, forecasts and accounting JV bookings.
- Work on the current account ( with sister company )
- Preparing the Budget and controlee it with the actual
- Coordinate with the external auditors to ensure that the annual audit is completed in time.
- Work in T.B and reviewed it.
- Preparing the financial statements (P&L / B.L / CASH FLOW).