finance manager
Nmc healthcare
Total years of experience :22 years, 3 Months
Financial Planning : ( Business Risks )
1- Manage and Direct preparation of Consolidated annual Budget and
Business Strategic Plan with yearly Turnover of 1 Billion.
2- Participate with Country CFO in Reviewing, Updating Organization
structure and setting high-level organization goals with Relation to Financial
Management.
3- Develop Key Performance Indicators for Financial Management
Measurement in Each Hospital
Cash Management : (Liquidity & Solvency Risks )
4- Direct the Preparation consolidated Cash Flow Projection Budget
covering All Hospitals In KSA.
5- Direct, Improve Banks Relations and Negotiate Bank Facilities with
6- Manage And Direct GAZT, VAT Preparation, Forecast, and Payment.
Financial Control : (Operations Risks)
7- Review, Improve and Issue Operations Policies and Procedures Such As
Sales, Cash, Credit, Purchase, Inventory and Continues Monitoring the
Application of the Policies and Procedures.
8- Participate from Financial Perspective in Review, Improve and Issuance
of Organization Policies and Procedures such as HR Policies, Procedures,
Vacation, Compensation, EMP Evaluation, Productivity, etc.
9- Successfully Build Checklist for all accounts team contain 4 Functions
Such as accounting, Control, following up and reporting.
10- Direct and manage Cost Control Using Variance report, assess,
Measure and Improve cost accuracy and Improve cost drivers for accurate
cost allocation.
Financial Reporting : (Financial & Management Accounting )
11- Manage, direct and Issue Monthly, Quarterly, and Yearly Financial
Statements Including Consolidated BS, PL, CF and Statement of Change in
Equity with compliance with Saudi GAAP and IFRS
12- Managing reporting Deadline, Deal with Internal and External Auditors,
GAZT and VAT queries
13- Build variance reports (Flexible Budget) to clarify and Measure
Variances.
Issue and Review Finance Department Policies and Procedures.
Participate in reviewing and Issuing Company Policies and Procedures.
Provide financial reports and interpret financial information to the Board of
Directors With recommended further courses of actions.
Advise on investments Decisions, Using financial Evaluation Methods Based On
Current Market Condition.
Maintain the financial health of the organization.
Analyze costs, pricing, variable contributions, sales results, and the company’s
actual performance compared to the business plans.
Conduct reviews and evaluations for cost-reduction opportunities.
Oversee operations of the finance department, set goals and objectives, and design
a framework for these to be met.
Issuing Yealy, Quarterly, Monthly Audited Financials Under IFRS, SOCPA Standard.
Supervise, Direct Participate and Manage Yearly Zakat Return, and VAT Monthly
Report
Manage Team Contain 12 Members In Riyadh and Jeddah.
Dallah health
Achievements
1-Successfully setup and play a part in payment policy and procedure
2-Successfully achieve the cost of capital target for new hospital expansion
3-Successfully obtained the best price and conditions for 1 Billion SAR to finance new hospital
4-Successfully obtain a bank interest rate swap agreement in 2015 when the 3 Month SIBOR was 0.9 % to fix the SIBOR at 2.1 %. Which the company gains today as the SIBOR Today Is 2.37 % The Company pay only 2.1 % %. .
Responsibilities
1- Financial Reporting
Policies, Systems, Process & Procedures for financial Reporting
Fulfill the Quality responsibilities as identified in the Quality Management System and Information Quality
Fulfill the responsibilities as identified in the Performance Management Process
Provide training and development to co-workers and help maintain Standard Operating Procedures, Best Practices, and Job Safe Practices to ensure the transfer of knowledge to others
MIS and Reports
Supervise the preparation of timely and accurate departmental MIS statements and reports of AMTPJ to meet company and department requirements, policies and standards
2- Financial Projection & Budgeting
Implement budget guidelines from a corporate office.
Consolidate departmental budgets and the operations budgets in a seamless manner.
Monitor the costs of various AMTPJ projects related to various overheads and highlight significant variances to the CFO for corrective action.
Prepare and recommend the cost control budget and monitor financial performance versus the budget so that business is aware of anticipating cost/revenues, areas of unsatisfactory performance are identified and potential areas of cost reduction or performance improvement opportunities are capitalized upon.
Recommend improvements to cost control policy and implement procedures and controls covering all areas of Costs and Budget activity so that all relevant procedural / legislative requirements are fulfilled while delivering a quality, cost-effective service to customers.
Contribute to the identification of opportunities for continuous improvement of Cost Control processes and practices taking into account “international best practice”, improvement of business processes, cost reduction, and productivity improvement.
3- Treasury Management
Cash flow management
Negotiate and obtain bank facilities for new CAPX
4-Auditing
Internal Control over financial reporting
Risk Assessment, risk response process
5-Leadership
Manage the effective achievement of section objectives through the leadership of the Finance Department-setting individual objectives, recruiting qualified staff, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal in order to maximize subordinate and department performance.
Al Nasser Group
Achievements
1-setup new cost model based on ABC costing method to allocate overhead cost
2- lead the transmission from BRITON Software to SAP ERP
3- Prepare financial feasibility study for new product line in term to increase the company market share
4- Obtain new facility from SIDF to finance the equipment’s used by the new line bases on the financial feasibility study
Responsibilities
Implement budget guidelines from corporate office.
Consolidate departmental budgets and the operations budgets in a seamless manner.
Monitor the costs of various AMTPJ projects related to various overheads and highlight significant variances to the CFO for corrective action.
Prepare and recommend the cost control budget and monitor financial performance versus the budget so that business is aware of anticipate cost / revenues, areas of unsatisfactory performance are identified and potential areas of cost reduction or performance improvement opportunities are capitalized upon.
Recommend improvements to cost control policy and implement procedures and controls covering all areas of Costs and Budget activity so that all relevant procedural / legislative requirements are fulfilled while delivering a quality, cost effective service to customers.
Contribute to the identification of opportunities for continuous improvement of Cost Control processes and practices taking into account “international best practice”, improvement of business processes, cost reduction and productivity improvement.
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Achievements
1-Successfully Negotiate and sing New Bank Facility for the company in amount of 70M SAR To finance Newly purchased Fixed assets which the company use to complete contractual services
Responsibilities
Managing Cash /LC/LG/Bank Facilities Agreements
1-Cash Flow Weekly Basis
2-Finance Cost Report Per Project
3-Liquidity Ratio Calculation and Managing Financial Risk .
3- Capital Budget Preparation /- AR & AP Report Separately With Ratios
Achievements
1-Setup new cost model for metals and frames based on ABC Costing Method for allocating overhead cost
2- Prepare Feasibility study for new Melting and pouring steel factory to be submitted to several banks for CAPX Finance
3- Successfully obtained bank facility for new factory after negotiation with several finance institutions
4-Successfully Issue a new internal control policy and producers
Responsibilities
1-Monthly Report Balance Sheet, Income St Cash Flow /Same at End Of Each Year
2- Monthly Cost Report With Contribution Margin Per Project / Variance Report To Financial Manager
1-Auditing Entries (Document & Technical ) Audit
2-Build Stander Cost For Pricing Propose /Managing Inventory Allocated Cost To Finish Goods /Calculate Cost Variance Stander Vs Actual
My job was Training the financial department to use new accounting software called SAGE 50 and I did my job and I continue support the department over 3 years
Peachtree Accounting Program Training To Finance Team
Achievements
1- Work closely with internal programmer to build new accounting software, which implementation was required in Cairo factory
2-Successfully maintain books records updated In daily basis to be used by company treasury in forecasting cash flow
3- Successfully cover branches financial controllers when they went in vacation
1-Daily Cash Report To Chief Accountant
2- Audit Report In Daily Basses With Vouchers Needs Correction / to Audit Manager
FAR 88 REG 83 BEC 80 AUD 79
C.F.C
C.M.A
Bachelor of Commerce Grad Good
