Deputy CEO, Chief Business Officer
GCC Interconnection Authority
Total des années d'expérience :20 years, 2 Mois
In addition to the CFO responsibilities, also responsible for the Authority’s support departments of Talent Management, Information Technology, and Procurement, Contracts, and Warehousing. Member of various managerial and operational committees such as the Investment Committee, HR Committee, Business Continuity Committee, and Power Exchange Project Committee.
• Manages more than US$ 100 million of budgets.
• Manage US$ 200 million of cash in treasury activities.
• Evaluate, arrange, manage the financials, and arrange financing for new large scale Capital projects.
• Determine and implement the Authority’s vision and develop objectives accordingly.
• Oversee support operations and coordinate with heads and managers to develop and achieve objectives.
• Participates in Board of Directors meetings covering financial updates and assignments.
• Evaluate operations procedures and look for ways to improve efficiency.
• Coordinate with departments’ heads and managers to evaluate business opportunities.
Appointed just after the CEO as the Chief Financial Officer and Deputy CEO for the support functions of the company. Worked together with the CEO on setting up and establishing the company’s policies, procedures, framework, and recruitment of key staff for the newly established investment company based on the requirement of the Saudi Capital Market Authority and in accordance with the Islamic Sharia.
• Involved in the company’s Board of Directors and Executive Committee meetings in conducting presentations and providing management’s updates and proposals in developing the company’s business and performance.
• Responsible of the Financial Controls, Operations Departments and other supporting departments including Human Resources, Administration Services, and Information Technology.
• Member of the Investment Committee and Compliance & Risk Committee of the Company. In addition, member in the Investment Committee of the company’s Real Estate, IPO, and other investment Funds.
• Also responsible of the business units of Investment Banking and Asset Management in the absence of the CEO.
Was responsible of setting the financial strategy for the academy, provide strategic direction on all aspects of finance, and lead the financial agenda by defining the overall financial business model and putting in robust financial frameworks to deliver the necessary controls, financing, and capital investments to meet the academy’s overall strategic objectives. Manage the financial performance to meet organisational objectives and stakeholders interests. Create the required decision-support infrastructure using effective analysis, forecasting and reporting to CEO and board of directors alongside with recommendations to take informed financial decisions. Ensure continuous improvement of the financial operations, metrics and reporting of the department.
• Arranged for the required liquidity to fund new investments through US$ 40 million financing facilities at market leading rates with favourable terms and avoiding negative provisions.
• Created a financial model based on equity investment structure and presented to various investment banks which was then used to obtain financing of US$ 13.3 million.
• Appointed as Member of the Grievance Committee.
Hired as the second team member in the Financial Control Department of the Bank with the Head of the department after the bank’s commencement of its commercial operations in April 2006 as an Assistant Manager, then promoted to a Manager after within less than a year after obtaining my CPA qualification. Participated in the establishment of the department’s units (financial accounting and reporting, expense control, regulatory reporting, and MIS), functions, and policies.
• Appointed to take the responsibility of establishing the MIS Unit. Started with developing a highly sophisticated multi-company system for budgeting and management reporting, then implementing a new Basel II system in compliance with the CBB standardized approach calculation for Islamic Banks.
• Appointed in the Financial Control and Planning Committee under the integration committee formatted for Al Salam Bank Bahrain Acquisition of Bahraini Saudi Bank.
Performed External Audits and internal audits, assisted in the liquidation process of a major investment bank in Bahrain, performed a fraud investigation for a financial institution, and performed Anti Money Laundering compliance reviews for several banks.
Performed full scope of audits on governmental institutions and ministries with Ernst & Young Bahrain for a period of 5 months when was the audit court first established.
Bachelor in accounting (B.Sc.) - June 2003