خالد خياط

Responsible for the financial aspect of business, quality and compliance, process development and add particular strength in the preparation of monthly reporting, investment analysis, forecasting and ratio analysis delivering insight to senior managers.

• Analysing the business position to forecast and develop budgets in alignment with the business plan.
• Evaluating business and management performance against targets and budgets.
• Providing cash-flow forecasts and cash position statements identifying funds for business development and growth.
• A key contributor to a long-term financial plan.

As a senior player within the start-up a SME business, working with cross-cultural and multinational teams in the management of company and subsidiary accounts. Analysed and evaluated environment and management changes, and enabled the company in adopting those changes, which resulted in reduction in potential risks and qualification of new business opportunities.

Oversaw financial reporting functions to disclose business results of company and its subsidiaries by preparing profit and loss, cash flow statement, balance sheet, and bank reconciliation. Tracked record of all internal control system, identified vulnerable areas, and addressed all risks by updating and maintaining the prevailing controls. Established and implemented KPIs in conjunction with company’s objectives.

Selected Contributions:

• Formulated investment appraisal to support potential projects by maximising company’s liquidity position and availability of the potential funds, and performing cash inflow and outflow forecasts.
• Reduced overall operational costs by 30% through development of financial system, streamlining spending, identifying process inefficiencies, and removing redundancies.
• Minimised budget deviations and controlled variances by monitoring actual performance vs. budget, and conducting profitability and variance analysis and delivering management needs in term of periodic reports.
• Optimised business performance, and enhanced the overall efficiency, effectiveness, and decision-making process by identifying and mitigating risks through planning, analysis, and development of course of actions.
• Spearheaded the management of critical and complex projects for few big clients from conception to completion, whole staying within budgets and stringent deadlines.
• Ensured on-time and accurate payments against approved contracts, invoices, and service delivery by leading the payment process cycle, which resulted in earning the confidence of the vendors.
• Supported the newly-established business in securing maximum sustainability by conducting financial forecasts.
• Performed in-depth internal analysis to identify core competencies and utilise the resources in an efficient manner.
• Directed all facets of project life cycle by assessing Auto Lease Business and application controls in accordance with SAMA (Saudi Arabian Monetary Agency), IASs, and IFRSs.

Provided detailed insights on the development of Annual Operating Plan (AOP) for the years 2007, 2008, 2009, and 2010 by compiling and reviewing financial and non-financial data to support decision-making process.

Performed finance activities, and orchestrated and implemented strategic sales plan to foster and improve internal and external processes. Contributed in enhancing the revenue and profit through identifying potential and profitable customer segments by analysing the portfolio. Oversaw remarketing finance payments, such as commission, cheques, and deposits amount and participated in developing and improving the policy and procedures for the department. Coordinated with product department in developing and enhancing all campaigns, products, and service programmes.

Selected Contributions:

• Streamlined business performance and decisions by analysing portfolio of $1 billion, and tracking performance through MIS daily reports.
• Supervised the disbursements of payments, including staff and partners’ incentive payment with average annual budget of $9.5 million.
• Managed and reconciled insurance companies’ payments to ensure agreement with approve contracts, invoices, and service delivery.
• Identified and assessed the most profitable sales channels and brands to improve the efficiency and effectiveness of re-marketing department for liquidating of returned assets.
• Minimised budget deviations and controlled variances by monitoring actual performance vs. budget, and conducting profitability and variance analysis, and presented periodic reviews with high management.
• Contributed towards division benchmarking and process re-engineering project.
• Demonstrated overall business objectives to all stakeholders, while driving team efforts to achieve those objectives.
• Nurtured lucrative working relationships with internal partners and service providers to build positive rapport of the business, while developing KPIs for all divisions to track and improve business performance against the set targets.

Electrical Instrument Engineer
- Trouble shooting & immediate action to repair any fault on bottle pack & cap welding M/C, autoclaves, bottle packaging lines, ampoule packaging line & distillate M/C.
- Carrying out calibration of the instruments & equipment.
- Member of PSI Engineering Committee.
- Member of Development & Research Improvement Team.
- Programmed a LOGO for discharging bad bottles in the bottle inspection line