CFO
Al Salam Medical Group Co.
مجموع سنوات الخبرة :27 years, 9 أشهر
Highlights:
• Managed to create financial objectives that adhere to the SMART Objectives philosophy, creating long and short term objectives for a time period spanning from a year to a decade as deemed necessary by the management.
Key Responsibilities:
• Responsible to ensure the achievement of the financial goals and objectives of the organization, overseeing the financial performance and managing the financial health of the group of companies with fiduciary responsibility to shareholders.
• Design clear financial objectives that account for and align with diverse and variable business considerations including capital plan, business priorities for short term & long term sustainability, etc.
• Focus on critical areas of finance management including revenue generation, earnings, profit margins, total debt of the organization, expenses for debt servicing, return on investment, cost of capital, overall expenses, investment interest returns and cash in hand.
• Coordinate with the Top Management to discuss and create balanced objectives to meet various operational needs, financial and non-financial objectives along with long and short term goals.
• Ensure to get the approval of the financial objectives for the subsequent financial year from the top management and the Board of Directors at least 30 days prior to the end of the current fiscal year.
• Liaise with the banking sector to enable hassle free project funding facility, external auditors for smooth conduct of the audit processes, zakat authorities and external parties to ensure adherence to the government rules and regulations.
Highlights:
• Ensured all financial transactions are conducted within the legal and contractual framework, all internal and external reports are meticulously prepared adhering to the time frame, integrity of cash, accounts receivable/payables management and stock management.
• Developed financial models and feasibility studies to access the scope for business expansion, maintained and improvised the financial systems to facilitate apt decision-making, forged strong business relationships with local banks, customers, local authorities and strategic partners.
• Designated as the contact person for all HR related matters and ensured adherence guidelines and policies framed by the organizational heads.
Key Responsibilities:
• Executed all major financial transactions adhering to the set protocols; enforced financial discipline/guidelines and controls within the organization.
• Monitored the Treasury activities, administrative management of the local staff, performance of the organization compared to the allocated annual budgets and long term business plans.
• Designed and implemented processes to enable the business managers get access to all the necessary financial data for making effective decisions and monitor the overall performance.
• Built finance capability, evaluated and developed finance personnel and guided the team members to ensure effective development and enhancement of the staff performance.
Designation Chronology:
• Commercial Finance Manager, May 2009 to June 2011
• Finance Manager, July 1999 to March 2002
Highlights:
Commercial Finance Manager:
• Analyzed the company’s financial statements including Balance sheets, P & L Accounts, liquidity status, cash flows, growth potential and the business model of potential borrower companies that approach NIC for facilities to determine their financial standing and assess their creditworthiness for grant of the facility.
• Monitored the market trends and competitor activities to be updated with the limit NIC exposure.
Key Responsibilities:
Commercial Finance Manager:
• Monitored the financial statements of the company to ensure adherence to the policies and protocols of the organization, maintaining the quality parameters to ensure meaningful analysis and decision making.
• Visited the potential client’s company site to gather information about the company status, clarify issues of relevance to the credit application.
• Evaluated credit proposals, scrutinized documents and conducted telephone verification within the defined credit policies ensuring accurate credit underwriting and documentation.
• Thoroughly scrutinized documents submitted to ensure adherence to the approved documentation policy, highlighting discrepancies, if any within the specified turnaround time.
• Prepared contracts, letter of agreement and other documentation related to the loan facility to ensure that proper documentations complying with the legal protocols and organization rules and regulations.
• Maintained the credit files ensuring all proper signatures and profiles are maintained to ensure easy retrieval for reference purpose at any point of time.
• Reviewed and approved the core report listing the company profile, facility requested and the proposal for approval or disapproval of the requested service in order to provide the approving committee concerned an executive summary of the analysis.
• Designed a fully secured one time facility to expedite the release of credit line to applicants and scrutinized to approve the analysis conducted for a company profile of prospective clients in order to widen client base and market share.
Highlights:
Finance Manager:
• Responsible for management reporting, the accuracy of the data, for all Zakat administration and compliance matters including Zakat.
Key Responsibilities:
Finance Manager:
• Refined and implemented financial controls, policies and procedures to monitor actual performance compared to the allocated budget and executed financial analysis.
• Managed the monthly closing and reporting of full financials, budgeting and forecasting in coordination with the related departments.
• Liaised with banks to build a robust relationship enabling ease of project funding facility, external auditors for execution of audit processes and zakat authorities to ensure adherence to the government norms.
Highlights:
• Efficiently managed the entire process of planning and budgeting for the organization.
• Monitored the budgets and achievements periodically to suggest action steps for ensuring achievement of the organization objectives.
• Assisted the management to plan for future financial needs for the organization, taking into considerations the various projects undertaken and also helped the higher officials in management for financial resourcing.
• Undertook budget analysis, cost benefit analysis, studying financial requests and also researching on alternative and reasonable funding methods for the organization.
• Responsible for financial analysis in areas like Sales, Margin, Inventory, Store space, etc. on periodical basis and prepared the analytical reports for Management action.