مارك ميخائيل

● Oversees and manages the financial operations and teams for 3 companies (Food, Wholesale and Retail) and works closely with their general managers and teams.
● Consulted senior leaders of the group by continuously improved the quality of reporting and analytics that best measures the company performance and provide management clear picture regarding current and foreseen risks and opportunities.
● Collaborate with the general managers and their sales and marketing teams to achieve our budget and to drive accountability and performance improvement throughout the team.
● Preparation of the monthly business review kit and presenting it to the group steering committee. In addition to the quarterly reviews with the group CEO.
● Effectively coordinated with operating divisions to shorten the reporting process for monthly closings and improve forecast accuracy.
● Responsible for creating detailed budgets and financial forecasts that would achieve growth in revenues, while keeping expenses at historical levels.
● Ensured compliance with financial and legal regulations.
● Reports to the group CFO.

• Managing Cash Flow though matching receivables and payables with the available bank facilities to maintain smooth operations and maintain healthy relation with banks.
• Ensure company’s financial data are maintained and presented in accordance with IFRS and act as a liaison with external auditors (BDO).
• Developed standard costing model and approved Bill of Materials (BOM) and continuously inspecting cost gaps and worked on solving it on monthly basis
• Developed procurement model were the sales budget in linked to the raw materials needs, store capacity, vendors’ lead time, vendors’ minimum order quantities, vendors’ payment terms and current stock levels.
• Liaise with different departments to ensure the Finance department is properly supporting the needs of the operating businesses.
• Negotiating various insurance policies terms for the best benefits with least costs.
• Overseeing monthly processing of payroll and employees benefits.
• Implementation of a change management culture by challenging & replacing established processes and procedures where necessary while mentoring staff accordingly.
• Prepare needed financial reports and presentations for board and steering committee meetings.
• Advise management about profitable sectors and products and suggest investing or shutting down production lines.

Direct Subordinates:
Commercial Manager, Purchasing Officer, Accounts Payable/Receivable, Inventory Controller, General Cashier, Customs & Clearance Officer, Bill Collectors, and Store Keepers, Helpers, and Drivers.

Main Responsibilities:
•Managing Cash Flow though matching receivables and payables with the available bank facilities to maintain smooth operations and maintain healthy relation with banks.
•Managing bank facilities and projects financing in regards to operations.
•Negotiating flexible payment and credit terms with vendors as part of the cash management enhancement strategy.
•Prepare consolidated financial statements on monthly basis with comparison against budget and seek qualified answers for variance from each business segment and department.
•Overseeing monthly processing of payroll and employees benefits.
•Ensure company’s financial data are maintained and presented in accordance with IFRS and act as a liaison with external auditors (E&Y and Al Ateeqi).
•Taking the lead role in re-implementing and upgrading MS Dynamics GP ERP system.
• Identify and develop controls and processes to ensure all risks and opportunities are highlighted.
•Audit and monitor projects cost sheets to ensure projects are performed as planned while evaluating new tender projects to ensure its proper financing.
•Coordinate with legal department for the company’s legal cases.
•Implementation of a change management culture by challenging & replacing established processes and procedures where necessary while mentoring staff accordingly.
•Leverage strengths of the current finance, collection and logistics team members, help to clarify roles and responsibilities and development in order to maximize and reach optimal individual and organizational goals.
•Liaise with different departments to ensure the Finance department is properly supporting the needs of the operating businesses.
•Negotiating various insurance policies terms for the best benefits with least costs.
•Prepare needed financial reports and presentations for board and steering committee meetings.

•Ensure the preparation of timely and accurate monthly management accounts and other related business reports for top management.
•Maintaining good relations with our banks which enabled assisting in getting the needed financing for the new water treatment plant.
•Preparation of budgets & forecasts, and continued monitoring & review of performance against them to enable robust reporting of variances to the top management.
•Responsibility for all journals and final GL balances including review of month P&L, balance sheet reconciliations and control accounts.
•Effectively manage the working capital components of the company with specific attention to new water treatment plant, receivables, payables and cash & bank balances.
• Overseeing monthly processing of payroll and employees benefits.
•Ensure company accounts are maintained as per (E&Y) standards for yearend audit.
•Taking the lead role in re-implementing and upgrading Focus Softnet ERP system.
•Liaise with different departments to ensure the Finance dept is properly supporting the needs of the business operations.

•Prepare consolidated financial statements for Fajr Al-Eman Company and the affiliate companies in accordance with IFRS.
•Provide robust modeling and reporting to facilitate executive-level decision making.
•Budget development and management by working closely with senior management to establish budgets and assess projected needs of departments based on growth projections. And compare it against actual performance every period for highlighting major variances and investigating and reporting main causes and future concerns.
•Driving new ERP implementation throughout the entire company’s functions.
•Participated in business valuation and combination analysis in past acquisitions.
•Ensure timely & accurate production of standard & customized financial reports for the business decision makers.
•Prepare all supporting information for the annual audit with the External Auditors (Ernst & Young).
•Perform the necessary financial and payroll transactions as requested.
•Report directly to CFO.

•Provide customers with professional consultancy services within the scope of “Financial Management”, “Supply Chain”, “Human Resources & Payroll Management“, “Project Management”, and “Customer Relationship Management”.
•Manage multiple projects simultaneously to meet deadlines.
•Holding responsibility for project planning, organizing, budgeting and profiling.
•Conducting Business Analysis, Processes Mapping and Functional Requirements Studies for client companies to ensure best practices during the software implementation with regard to customer needs, business model and project scope.
•Performing financial strategic analysis & reporting.
•Provide customers with professional training services.
•Managing outsourced resources to deliver results.

•Provide customers with professional implementation services for “Microsoft Great Plains - ERP” and “Hits Nas.Net” software Modules.
•Participate in business analysis and for client companies to ensure best practices during the software implementation with regard to customer needs, objectives, and business requirements.
•Provide customers with professional training services.
•Designing and customizing various system and financial reports.

•Implementing Marketing Researches for different purposes according to the client needs (e.g. Customer Satisfaction, Mystery Shopper…etc).
•Conducting different types of analysis such as Competition Analysis, SWOT Analysis, and Situation Analysis…etc.
•Developing Balanced Scorecards and other Business Intelligence tools.
•Process mapping and operational redesign.
•Developing "Manual of Procedures" MOP for client companies departments.
•Assisting in planning operations automation projects.
•Developing employees’ Job Descriptions based on the designed Organization Chart.
•Designing employees' Evaluation Systems for different organizational levels.
•Rewarding System and employees' benefit package redesign.