Khaled Fairak, Financial Specialist

Khaled Fairak

Financial Specialist

المياه الوطنية

Location
Saudi Arabia - Jeddah
Education
Bachelor's degree, accounting
Experience
12 years, 4 Months

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Work Experience

Total years of experience :12 years, 4 Months

Financial Specialist at المياه الوطنية
  • Saudi Arabia - Jeddah
  • September 2020 to December 2022

Analyzing financial statements to determine the financial position of the organization.
Continuously perform cost analyzes and valuations.
Preparing periodic reports for budgets.
Developing financial models while observing the legal conditions and rules.
Participate in regular audits and recommend corrective financial action plans.
Design and review financial policies.
Determine the available investment opportunities.
Advising the Senior Management Team on financial planning.
Create predictive models based on current and past financial results.

regional Risk and compliance manager at al majal G4S
  • Saudi Arabia - Jeddah
  • February 2019 to March 2020

Establish / maintain a specialized internal audit capability to evaluate and ensure that all Cash Services staff at Branch, Cash Center and equipment are fully compliant with relevant policies, procedures, guidelines and Instructions (both ATM and CIT Services)
 Develop and maintain audit templates that are aligned with relevant operational governance
 Develop and maintain audit programs and manage compliance assurance against agreed targets with senior management in Cash Services.
 Ensure the electronics equipment are working with no error.
 Develop and maintain the electronic lock and ensure integrated with IVR System.
 Update the dashboard of Mzoon System to MD.
 Risk and compliance assessments conducted to cover the following:
 Branch Audits
 Cash Center Audits
 Unseen Inspections (covert observation of compliance during ATM- / CIT services)
 Operating Limit compliance by CIT and ATM teams
 Special audits (Firearm compliance / Vehicle compliance / Key Control / MOI compliance, etc)
 Manage Bi-annual Self-Assessment on Mandatory Security Principles (MSP) that is pre-scribed by Group Security
Responsible to ensure that the responsible staff on Cash Services action and make effective risk remediation progress with relation to the following Risk Reports:
o Incident / Loss Report Findings
o Group Security Audits
o Group Compliance Audits
o Insurance Audits (Lowers & Associates, etc)

cash security auditor at Al Majal G4S
  • Saudi Arabia - Jeddah
  • February 2018 to January 2019

Plans financial audits by understanding organization objectives, structure, policies, processes, internal controls, and external regulations; identifying risk areas; preparing audit scope and objectives; preparing audit programs.

teller . head teller . cash supervisor and cash officer at Samba Financial Group
  • Saudi Arabia - Jeddah
  • November 2010 to December 2017

Service Manager
Samba Financial Group, September 2014 - December 2017
overseeing the efficient operation of the branch to ensure all operational functions are completely and properly performed by the staff while conveying a feeling of trust, service, security and satisfaction to customer and staff.

Main Responsibilities:
• ATM replinishment
• Ensures the branch and vaults are opened and closed on a timely basis.
• Enforces dual control procedures at all times.
• Facilitates teller buys and sells to the vault.
• Audits teller drawers.
• Maintains monthly branch efficiency logs.
• Assists new tellers with training.
• Oversees teller duties and assists line with customer transactions during peak periods.
• Keeps staff informed of pertinent changes in operational policy and procedures.
• Schedules tellers for adequate coverage at all times.
• Performs pre-audits to ensure ongoing adherence with compliance procedures.
• Maintains proper teller and vault cash levels, including ordering coin and currency.
• Review branch practices and record for compliance with established internal policies and procedures.
• Develop recommendations for improving internal controls, operating efficiency, and the adequacy of bank records and recordkeeping.
• Main point of contact for all cash deposite / withdrawal with SAMA.

Bank Teller / Head of Tellers
Samba Financial Group, November 2010 - September 2014
• Receive checking and savings deposits: verify cash and endorsements, receive proper identification for cash
• back and issue receipts of deposit.
• Examine checks deposited and determine proper funds availability based on regulation requirements and
• complete hold notices.
• Process savings withdrawals. Cash checks: verify endorsement, receive proper identification and ensure
• validity.
• Identify counterfeit currency.
• Answer basic customer inquiries regarding interest rates, service charges and account histories whilecomplying with disclosure requirements, regulations and consumer privacy policies.
• Cross-sell bank products and services.
• Issue personal money orders and cashier’s checks, accept orders and payment.
• Buy and sell currency from the vault as necessary, ensuring that teller drawer cash limits are not exceeded.
• Balance and update savings passbooks and close accounts when requested.
• Balance drawer daily, including periodic batching of cashed checks.
• Maintain appropriate currency logs.

Accountant at ali zaid alquraishi and his brothers co. Ltd
  • Saudi Arabia - Jeddah
  • March 2010 to November 2010

• GL processing
• Petty cash, Debit & credit notes processing
• AP & AR
• preparing and finalizing the bank statement
• Review collection reports to ascertain status of collection and balance outstanding and to evaluate
• Effectiveness of current collection policies and procedures.
• Audit delinquent accounts considered to be uncollectable; ensure maximum efforts have been taken before assigning bad credit status to account.
• Review adjustments to accounts.
• Monitor the percentages of aged accounts.

Education

Bachelor's degree, accounting
  • at King abdulaziz university
  • January 2010

Specialties & Skills

Commitment Control
Customer Service
Banking
Money Management
Money Laundering
Ability to work to deadlines and under pressure and handle multiple priorities and projects with the
Creative problem solving and hard-working team player with great communication and Inspiration skill
Ability to achieve challenging work objectives, think creatively and strategically.
Advanced user for Microsoft Office, Oracle and STAR Systems.
accounting
auditing
planning
risk management
treasury functions
compliance management
team leadership
retail banking

Languages

Arabic
Native Speaker
English
Expert

Training and Certifications

Visability Study (Training)
Training Institute:
King Abdulaziz University accounting club
English language (Certificate)
AML Awarnace (Training)
Training Institute:
SAMBA
A spirt of Compliance (Training)
Training Institute:
SAMBA
SAMA licanse for bankers (Certificate)
Fraud Risk and management (Training)
Training Institute:
SAMBA
Creative Accounting (Training)
Training Institute:
King Abdulaziz University accounting club
contenually work plan (Training)
Training Institute:
SAMBA
Sanction system (Training)
Training Institute:
SAMBA