Chief Financial Officer
ERC Transportation & General Contracting L.L.C
Total years of experience :23 years, 2 Months
Key Responsibilities:
• Reported directly to the CEO, offering strategic financial guidance and recommendations.
• Forecasted business trends to anticipate future financial needs, resulting in proactive decision-making.
• Crafted investment proposals and business plans for capital ventures, collaborating with the leadership team for review and assessment.
• Formulated strategic plans for capital investments and identified potential sources for financing capital ventures.
• Oversaw working capital analysis for accuracy and efficiency, optimizing cash flow through collaboration with business leaders in key markets.
• Managed and enhanced working capital while effectively mitigating credit risks, improving processes related to receivables, payables, and inventory.
• Implemented measures to streamline financial operations and reduce costs, resulting in improved efficiency and profitability.
• Generated comprehensive performance reports aligned with established benchmarks, providing insights to support decision-making processes.
• Presented monthly capital spending and cash flow results to the leadership team, highlighting performance metrics, risks, and opportunities for strategic adjustments.
Key Responsibilities:
• Collaborated with cross-functional leaders to develop annual operational plans and quarterly financial forecasts, ensuring alignment across departments and fostering a cohesive approach to organizational goals.
• Developed strategic business plans to guide long-term organizational growth and direction, incorporating market analysis and stakeholder input to drive informed decision-making.
• Conducted monthly financial tracking and facilitated comprehensive business reviews with the leadership team to assess performance against targets, identifying areas for improvement and strategic adjustments.
• Evaluated strategic options, including revenue management and productivity enhancements, to support informed decision-making and maximize profitability.
• Oversaw capital investment decisions, conducting thorough financial assessments to optimize resource allocation and drive sustainable growth.
• Mentored and coached a team of Finance Department professionals to enhance both technical and interpersonal skills, fostering a culture of empowerment and continuous growth.
• Provided strategic insights to improve operational efficiencies and streamline processes for optimal performance, resulting in tangible improvements in productivity and cost savings.
• Prepared management reports, analyzed financial trends, and assessed the financial impact of potential business decisions, providing key stakeholders with actionable insights for strategic planning.
• Led planning initiatives to deliver insightful business analyses and reports, supporting strategic decision-making processes and driving organizational success.
- Coordinated all aspects of financial controls and reporting, ensuring compliance with local requirements and IFRS standards, and fostering a culture of accuracy and transparency.
- Supported, developed, and ensured timely and accurate statutory and management reporting, providing key stakeholders with actionable insights for informed decision-making.
- Ensured and maintained an efficient system of internal controls, implementing best practices to mitigate risks and safeguard company assets.
- Ensured timely implementation of internal and external audit recommendations, driving continuous improvement in financial processes and controls.
- Safeguarded company assets, implementing measures to minimize risks and ensure compliance with regulatory requirements.
- Ensured accurate and timely month-end and year-end closing, with precise cut-offs to facilitate accurate financial reporting and analysis.
- Actively monitored company key performance indicators and key financial ratios, identifying trends and providing strategic recommendations to optimize performance.
- Effectively managed and developed a team of 30 people within financial controls, providing mentorship and support to drive professional growth and departmental excellence.
- Worked closely with project managers, providing timely management information to support decision-making and optimize contract efficiencies.
-Ensured proper planning and communicated timelines to clients, ensuring clear understanding and expectations.
-Considered a proper job approach before commencing work, optimizing efficiency and effectiveness.
-Maintained regular contact with managers and clients to provide progress updates and guidance throughout assignments.
-Monitored budgets as assignments progressed, ensuring adherence to financial constraints and identifying areas for cost optimization.
-Resolved all problems or questions promptly, discussing with managers and partners to ensure timely resolution and client satisfaction.
-Applied various tests of internal controls techniques to assess the effectiveness of internal controls and identify areas for improvement.
-Conducted substantive testing over financial statements account balances to ensure accuracy and compliance with accounting standards.
-Developed recommendations to improve weaknesses in internal controls, driving process improvements and risk mitigation strategies.
-Led teams on financial audits for multinational companies and industrial houses in Construction, Manufacturing, Retail, and Distribution sectors.
-Established and designed audit plans for working teams, ensuring thorough and efficient audit processes.
-Drafted financial statements, audit reports, and management letters, and prepared presentations for various stakeholders.
-Applied IFRS while auditing various sectors of business, ensuring compliance with international accounting standards and regulatory requirements.
Master of Business Administration in Accounting