Senior Vice President Finance & Investment
A Saudi Conglomerate Group
Total years of experience :39 years, 10 Months
Leading the investment & finance of the whole group, local and overseas. Setting up finance, investments & treasury strategies and policies of the group. Designed and implemented a group-wide corporate governance structure and framework with a setup of “Ton from the Top” concept. Also, initiated and implementing group-wide restructuring and transformation including leading implementation of ERP solution across the group. Leading business reviews for the group companies and strategies revisions to ensemble market place volatility. Heavy instrumental participation in acquisition of local and overseas companies Established and implemented multiple functions policies & procedures. Established Group level following departments:
• Procurement
• IT department.
• Investment department,
• Treasury department;
• Budgeting department.
Also, active board and committees member of different national and overseas companies.
Leading the finance function of the Group and leading mega initiatives at the Group level as follows:
- Group Restructuring
- ERP Oracle implementation
Established cash management system that serves the Group’s objectives, group financial controls, processes optimization, revising policies and procedures.
As an Advisory Risk Leader of Jeddah office, I have led several risk engagements as demonstrated below:
► Led several large engagements helping organizations in setting up their internal audit function and carrying out risk assessments in various industries. These involved developing the internal audit function infrastructure as follows:
· Internal Audit Charter: Mission, vision, mandate;
· Internal audit function organization structure;
· Internal audit policies and procedures;
· Internal audit code of ethical conduct;
· Internal audit key performance indicators;
· Internal audit function job description.
· Training program for in-house internal audit resources
► Led teaming internal audit engagements where, trained and managed a team of 10 to 14 people, interacted as the main point person with all levels of client management including BOD, exec committee, audit committee, senior and middle managers with weekly/monthly status meetings. Developed and executed the master work plan across all business units and key processes on time, within budget while conforming to the requirements and exceeding expectations.
► Designed and implemented a corporate governance framework that is in line with leading practices and local requirements, including shareholders rights, roles and responsibilities of Board of Directors, charters for board committees, code of ethical conduct, transparency and disclosure policy.
► Facilitated Corporate Governance Framework assessment to identify gaps, and develop prioritized action plans.
► Provided a number of risk assessment engagements for internal audit plan purposes and identifying control gaps.
► Led numerous engagements to assist organizations in developing risk based internal audit plans.
► Led several internal audit execution outsourcing assignments with large organizations.
► Conducted Corporate Governance assignments with leading organizations in the Western region assisting them in setting up corporate governance framework and necessary charters and manuals.
► Managed several Corporate Governance Compliance assignments with local requirements.
► Led a number of Enterprise Risk Management (ERM) strategy development projects for large family business groups in the Middle East. The scope of work entailed (a) conducting an enterprise-wide risk assessment, (b) defining the future state of the ERM function along with devising an ERM strategy to address key risk areas across the organization.
► Led Performance improvement engagements including Finance Divisions Transformation.
Senior in charge of audit and advisory assignments.
Obtained certification as Certified Public Accountant