CFO & Admin Director
Al Jaber Group
Total des années d'expérience :32 years, 0 Mois
Financing - Accounting - Budgeting - Financial Planing -
Financial Analysis - Reporting Systems - Cost Control- Feasibility Studies - Assets Evaluation
Administrative - HR Tasks and Responsibilities
Strategic planning
Sectors Development strategies
New Business models
Budgeting
Top management governmental reports
PPP Projects
Governmental performance reports
Tendering new projects development
Tenders evaluation
Feasibility Studies
Government representative
Establishment of UAE Subsidiary
Strategic Planning
Full operation of UAE Subsidiary
Developing the new subsidiary in UAE
Preparing the studies ( feasibility studies - financial studies - Budgeting …) for the new projects for tendering purposes
Following up the project performance with the projects managers
Banking negotiations for the required financial facilities
Solving the sites problems
Select and implement the financial and Human resource applications
Preparing the periodical reports to the head quarter in Kuwait
Responsible for corporate finance and Investment for existing projects.
Financial Management including Financial Planning, Securing Finance and Financial Control.
Reviewing and setting up policies and processes.
Responsible for the identification, analysis, and recommendation of specific Investment Opportunities, evaluating and verifying their feasibility.
Developing a strategic Financial Management and Accounting System for new companies, to achieve the long term company objectives and goals.
Group representative in Banks Credit Sector to Prepare, Present and Follow up the financial studies required for banks credit sectors to meet the required credit facilities of the group, to finance new investments, investment expansion and working capital.
Plan and participate all investigations and negotiations pertaining to mergers, joint ventures and acquisition of businesses.
Financial analysis of operational performance.
Development of corporate strategies and business plan, including rates of return on investments.
Financial restructuring of projects.
Report Company’s performance in accordance with prepared budget, creating system of performance indicator and a built in signaling financial system.
HR and administrative matters
Forecast and manage the financial facilities required.
Coordination with internal and external funding agencies.
Maintain cash management system.
Responsible for annual and periodic reports.
Manage the production and auditing of the company’s accounts.
Setting -up costing and pricing policies and mechanism.
Provide strategic direction in association with the C E O.
Reviewing Halt Projects: This service aims at assisting the client’s organization to redevelop its view of the future and reestablish directions, related to actual condition in case of halt.
Strategic Planning: Assist the client’s organization in formulating its strategic objectives and the transformation of these objectives into plans and actions.
Financial Services: Provide several services in the area of financial management including Financial Planning, Securing Financing and Financial Controls.
Pre-Feasibility Studies: This service includes a brief market analysis, a compact commercial feasibility study covering in a preliminary way projected costs and revenues. The conclusion of the study will be a recommendation whether to go ahead with a more detailed analysis or not.
Feasibility Studies: The feasibility study service includes detailed Market Analysis and financial cost and revenue analysis. The conclusions of the feasibility study will include detailed recommendations for the project cash flow and financing structure. The Feasibility Studies service also includes the preparation of the reports required by financial institutions to provide the required financing for the project.
Market Analysis and Marketing Studies: Assist the client’s organization determine short- and long-term requirements, expectations, and preferences of customers and markets to ensure the relevance of current products/services and to develop new opportunities.
Responsible for the identification, analysis, and recommendation of specific investment opportunities, evaluating such opportunities and verifying their feasibility.
A member of the financial committee (The committee responsible for financial decision making for the group).
Appraise feasibility & viability of new projects, existing projects and investment expansions through preparing detailed feasibility studies. The studies prepared are related to acquisitions, mergers, license agreements, plants, product or market development, financial restructuring or other issues related to future investments & Finance, as well as surveys, research and analytical studies with regards to Market and demand studies, Technical/Engineering and Manpower plans.
Group representative in banks for arranging the required credit facilities.
Plan and participate all investigations and negotiations pertaining to mergers, joint ventures, acquisition of businesses, or the sale of major assets with approval of Chief Executive Officer and Chairman.
Assists in the development of corporate strategies and business plan, including rates of return on investments.
Establish and maintain relationships with Domestic and International Companies and Government entities.
Financial Restructuring Studies for projects inside and outside the Group.
Developing a proper budgetary control system in the group.
Direct the growth program of the company as it relates to evaluating potential investments, negotiations and commitments and overall acquisitions and liquidation plans.
Prepare the strategic plan in conjunction with the finance department and business units.
Develop, establish and maintain the strategic planning framework for the company ensuring the following the establishment’s strategy is relevant, focuses the organization on its goals and is being implemented effectively.
Develop short and long term strategic plans to meet business plan goals and objectives.
Budgeting - Budget Plan & follow up the sales, production and purchasing.
Financial coordination between different departments of the company.
Periodical reports - Quarterly, mid-year and annual deviations and deviation analysis.
Cash flow projection - to determine the deficit or surplus in net cash and suggest solutions.
Periodically evaluate the directions and priorities set by the executive management to ensure they are still valid.
Direct the company’s financial planning and accounting practices. Also, direct and coordinate formulation, preparation, monitoring and presentation of projects consolidated functional statements and budgets in accordance with the set objectives, targets, policies, procedures and controls.
Participate with the company’s Economic Consultant to appraise new investment opportunities.
Review and direct the treasury management, taxation and budgetary control activities.
Appraise company financial position and issues periodic financial operating reports.
Analyze the company’s financial and operational performance to identify new opportunities for improvements and emphasize actions that should be taken for such improvements.
Ensure timely and effective financial accounting and places key performance indicators to measure financial and operational targets, and identifications of vacancies from budget.
Determine company required credit facilities according to company financial position & Cash flow projection.
Ensure the accurate & timely preparation of all types of management reports and accounts.
Provide timely and relevant information to management to enhance their decision-making.
Deciding on allocation of funds to the priority jobs at hands in operations, and payables.
Preparing and managing the company cash flow.
Follow-up for collections from customers and debtors.
Payment of petty cash for various operational, general and administrative purposes.
Ensure the collected checks are deposited in the bank and withdrawals are done timely and properly.
Follow up with the bank for bank guarantees, credit facilities, and other banking issues.
Providing necessary financial analysis to the management on various activities.
Products cost analysis.
Coordinate with all the departments for the preparation of the company budgets.
Providing monthly management reports and checking all financial reports and accounting
Statements to ensure international Accounting Standards are followed regularly.
Preparing the budget, financial statements, and financial reports.
Reconcile balance sheet accounts monthly and take appropriate steps within limits of authority to resolve discrepancies and prevent reoccurrence.
NB: Joined the company as chief accountant and was promoted to the post of Finance Manager after six months.
Passing of journal entries and other day-to-day entries in the books of accounts.
Prepare month-end journal entries and account reconciliation.
Contact the bank for balances and various issues, and reporting to the management on the same.
Prepare financial forecasts.
Prepare income statements, and respond to inquiries from Management regarding financial results in a timely manner.
Booking the cash payments in the system.
• MBA In Investment and Finance In Progress Arab Academy for Science & Technology • Diploma in Investment & Finance 2000 Ain Shams University – Faculty of Commerce