كنان الحمادي

• Developed and executed corporate finance strategies, strengthening long-term financial sustainability.
• Led a 40-member finance team, overseeing financial controls, reporting, and performance analysis.
• Established and implemented financial policies and procedures, enhancing financial governance.
• Secured cost-effective funding through bank negotiations, capital structuring, and cost optimization.
• Implemented ERP transformation (Oracle Fusion), streamlining financial operations and data accuracy.
• Ensured quality of sales and financial reporting, improving decision-making and revenue growth.
• Optimized stock control processes, reducing waste and enhancing inventory management efficiency.
• Strengthened supplier relationships to maximize benefits from extended credit facilities and improved procurement terms.
• Ensured compliance with supplier regulations and SFDA requirements, mitigating regulatory risks.
• Work closely with auditors, regulatory bodies, and legal teams to ensure compliance.
• Collaborate with sales, operations, and marketing teams to align financial strategies with business goals.
• Improved collection process and reduced DSO, enhancing cash flow efficiency.
• Provided board-level financial insights, ensuring data-driven strategic decision-making.
• Assess business opportunities and risks through financial metrics and KPIs.
• Collaborate with senior management to set financial objectives aligned with business goals.
• Provide financial insights to support pricing strategies, cost management, and contract negotiations.
• Analyze market trends, competitor pricing, and profitability of new business opportunities.
• Identify financial risks and implement mitigation strategies.

Managing accounting department comprised of 10 direct reports engaged in accounts payable, accounts receivable, payroll, project accounting, month-end close, annual reporting, foreign
currency conversion, regulatory compliance, planning and budgeting, inventory costing/control, cash-flow, and audit reports across all KSA generating $50 million in annual revenue and with 150+ employees.

Deliverables
• Revamped consolidated KPI management reporting to balance operations performance to financial results.
• Completed the VAT Compliance project. Directed the implementation, developed the training materials, assessed "Problem" Areas of the business, and provide guidance on
correct VAT Handling. Recommended action required for new pricing strategy and implemented VAT reporting.
• Division lead charged to coordinate all internal and external accounting audit reviews - no audit findings or adjustments recorded.
• Presented to senior leadership monthly results with focused emphasis on key performance variance drivers.
• Provided financial analytics with narratives to support divestiture due diligence.
• Worked cross functionally to ensure Customer Experience initiative was on time and all leaders were aligned on financial metrics and reporting
• Provided funding for new expansion, striking new bank facilities, used interest rate swaps, and delivered overall savings of 1% in Interest Rate.
• Recruited, coached, and mentored more than 5 new employees.
• Created new financial and non-financial company policies and procedures.
• Review and present financial results and non-financial data for executive team on Q basis.
• Monitor day to day financial operations and make sure it is going on smoothly.
• Finalize and review all requirements for Audit, Zakat and VAT.
• Control over warehouse to increase quality of sales and decrease cost of inventory.
• Improving ERP by establishing and operating new models i.e. Payroll, Auto customer statement, Vacation, EOS, FA, etc..
• Maintaining financial relations with our principle to get the maximum credit facility terms.
• Maintaining relations with our banks to facilitate our operation needs.

MYN Group is one of largest (multibillion USD) and most reputable privately-owned Groups in KSA. Hafil company is a Nationwide transportation company; covering multiple segments of the Saudi Transport market (Schools; City Bus; Private; Labor; Airport; Hajj& Umra; Limousine &Taxi). By far largest in sector & one of largest in the world Over 15, 000 buses &
other vehicles plus subcontractors in addition over than 8000 employees nationalities.

Main duties but not limited to:

• Expanded in-house treasury system to accommodate interest rate hedging, arbitrage, and new in-house bank.
• Facilitated critical funding initiatives:
• Provided funding for many new projects using interest rate swaps and caps. Delivered overall savings of 6-12 basis points.
• Developed short- and medium-term Cash Forecast
• Maintained company expenditures in accordance with Debtor in Possession (DIP) loan agreement to determine proper charging of operating revenues and expenditures.
• Supported CFO in preparing consolidated financial statements in accordance with GAAP to complete corporate tax returns.
• Improved on-line access and functionality, as well as reporting and balance tracking.
• Initiated Request for Proposal process to streamline banking relationships, improve service, reduce expenses, and improve funds availability.
• Reduced existing bank fees by 1.5%.

Working progress at MYN group:
1- Chief Accountant
2- Accounting Manager
3-Treasurer
4- Treasury Manager

Leading group in KSA in the field of Operation, Maintenance, Home appliances Trading, Manufacturing, Real Estate, Contracting, Out Door Media, Services, Logistics, Travel & Tourism, with more than 13 Subsidiaries.
Total assets more than USD 2 Billion, with more than 20, 000 employees.
The group holding No. 33 over top 100 companies in KSA.

- Prepare financial statements on monthly basis
- Analyzing bank facilities to insure meeting company requirements
- Prepare aging reports of account receivables
- Support other departments in preparing budget

- Prepare monthly reports to headquarter in Czech Republic
- Submit monthly reports to central bank of Syria
- Supervise team to ensure smoothly daily transactions
- Control over currencies to get maximum benefits for exchange rate fluctuations
- Contribute in group pricing to obtain best price for the customer and the company

• Implementing accounting cycle
• Working on pricing and profitability for different bids
• Reconcile sales twice per month with IATA reports to insure accurate sales records

I Joined to office as trainer the promoted many times and finally i reached to auditor position