Group Director of FP&A and Reporting
Sulaiman Al Rajhi Holding Company
مجموع سنوات الخبرة :22 years, 10 أشهر
Rajhi is the investment arm to the system of Sheikh Sulaiman Abdul-Aziz Al Rajhi Endowment, The company capitalize approximately 15 billion USD allocated through different asset classes with several industries specialized in Poultry, Food Industrial, Agricultural, Transportation, real-estates investments, Construction and hotels development with portfolio of fifty six companies in KSA, Egypt, Sudan and Malaysia, direct major investment in Rajhi bank and many of multinational companies in KSA.
Job Description
-Developing and maintaining a quarterly unified reporting package covering all the key business areas for Holding top management.
-Providing to each company’s BOD the Ad-Hoc analysis reporting package with comprehensive analysis of business drivers Vs last year, budget and the benchmark with market information.
-Participating in preparing 5 years strategic plan and setting KPIs for the subsidiaries, with periodic quarterly performance measurement.
-Reviewing the annual budget for the subsidiaries to ensure the compatibility with the KPIs.
-Implementing of a detailed budget model for Holding company and developing a new model for cash flow forecasting.
-Providing high level presentations to the Holding board of directors including financial performance of the investment, operation and financial areas for the group of companies compared with the benchmark.
-Playing a key role in implementation of SAP across the group, with developing and maintaining an SAP unified chart of accounts and Global coding.
-Leading SAP project implementation in Holding company with less paper environment approach.
- Leading IFRS project, with developing and implementing policies and procedures across the group as part of the corporate governance project.
-Preparing the group audit time plan with follow up the implementation and facilitating the external auditor’s works with the subsidiaries and finalizing the complex accounting treatments.
-Reviewing the first draft of audited financial statements for the whole group of companies and highlight the comments to the group audit Committee.
-Managing the monthly intercompany reconciliation and solving the outstanding issues.
-Reviewing the quarter consolidated spread sheet of 75 companies, preparing the full package of audited financial statements.
-Fulfill all bank requirements for renewal and getting the credit facilities.
March 2012 till December 2015: Group Financial Controller.
March 2010 till February 2012: Consolidation and Reporting Manager
December 2007 - February 2010: Chief Accountant
Job Description
-Monitoring collections and cash position to achieve sector’s objectives for receivables, payables and future assets acquisition as well as maximize return on cash available.
-Responsible for the annual budget and monitoring the performance and utilization of the approved budgets to ensure the projects expenditures are capped to the approved limit.
-Assisting in getting the credit facilities, long term loan and fulfillment all bank requirements to renewal the credit facilities.
-Updating the periodic feasibility studies for the current projects and reviewing the monthly projects profitability.
-Reviewing of monthly financial statements and analytical reports including the variation analysis for Real Estate sector.
-Implementing ERP (Oracle system) for five companies.
-Review governmental authority’s requirement (Tax and insurance reports) and participation in finalizing the tax inspection.
-Participation in the risk management committee to review all the risks areas for the projects.
-Restructuring the finance departments for all companies to be fully utilized.
-Cash Management & Monitoring the collections.
-Preparing monthly financial statements to the Country Manager and Head Office CFO
-Presenting the analysis report to the BOD and Excom.
-Developing & Maintaining the policies, procedures and SOA.
-Implementing Peachtree system.
-Implementing % of completion approach for managing the projects costing.
• Review the monthly financial statements for five regional (Algeria & Niger & Burkina Faso & Sauid Arab and Iraq )
• Provide a Group based reporting for the key business areas on weekly and Monthly reports including a Monthly consolidated Financial Statements
• Follow up Receivables status for five regional
• Follow up Cash forecast and review monthly bank reconciliation for five regional
• Follow up Work in progress account analysis.
• Follow up export material movement in inventory.
• Preparing monthly Consolidation P&L & Balance sheet & analytical reports and cash flow to the Financial Controller
• Participation in preparing Group Chart of Account.
• Participation in preparing Group Budget.
• Review Journal entries and posting to sub - ledgers.
• Preparing Fixed Assets’ Register & Participating in Fixed Assets Count and keeping a systematic Fixed Assets Book Compared with Actual Physical Count.
• Preparing monthly bank reconciliation.
• Follow up daily Receivable and Payable status
• Preparing Inventory, stock Equation and Cash count.
• Recording the prepaid & accrual & deposits and employees’ loans accounts.
• Preparation of the financial statements.
• Preparing monthly P&L & analytical reports and cash flow to the Top Management.
• Preparing tax return, handling all tax authorities operation
• Recording Journal entries in Egyptian law Records
• Participation in preparing Group Chart of Account
• Participation in Auditing & Examining Financial Statements for all subsidiaries of the group
• Participation in Review the quarterly and annually financial statements with the external auditors and preparing of the consolidation financial statements for the holding company (20 Subsidiaries).
• Participation in Preparing of all reports related to OTH Company regarding the Hyperion System.
• Bookkeeping and preparing financial statement and analysis reports for Telecom Service International Company (subsidiary company in Dubai)
• Financial Applications (Oracle Application & Peachtree)
• Assisting in establishing the new companies.
• Assisting companies in the preparation of the journal vouchers.
• Examined/analyzed journal/ledger entries, bank statements, inventories, expenditures, tax returns as well as other accounting/financial records, documents, etc. to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controls for the following organizations:
• Auditing & Examining Financial Statements
- Metito for Water Treatments
- El Dawlia for Water Treatments.
- Hores for Brokerage.
- Hores for Exchange.
- Arab Group for Exchange.
- Dreams for Advertising.
- El Sawalhy for Trading.
- Gasper Tours.
- Rouban Limousine.
- El Amir Import & Export.
• Preparing all taxes’ return & all documents and analysis related to all taxes investigation
• Updated audit programs/checklists, planned/monitored audit work schedules and recommended implementation of forms, systems and procedures.
• Responsibility for editing weakness points in management letters in various activities.
MBA Eslsca University (France- Paris) August 2015.