Finance Director
Khidmah LLC.
Total years of experience :24 years, 10 Months
Provide leadership to the Board’s Finance and Accounting Strategy, to optimize the company’s financial performance and strategic position.
Craft business case and scenario analysis for Merger and Acquisition Opportunities
Lead the finance function for two separate legal entities in KSA and UAE
Prepare and Issue financial reports and reviews to Shareholders and Board of Directors
Drive team to prepare the Rolling Forecast and corporate Budgeting process on monthly, quarterly and annual basis.
Develop 5-year business plans / strategies by addressing major strategic issues that can have an impact on the company's long-term future in terms of either expansion or divestment.
Analyze current performance, prioritize growth opportunities, prepare business models, conduct variance analysis and implement corrective actions.
Ensure timely preparation and delivery of financial reports
Ensure financial team follows corporate policies and regulations.
Examine financial records and transactions to ensure accuracy and compliance to accounting standards, procedures and internal control.
Mentor, coach and manage performance and developmental plans of staff to ensure their retention & motivation and continuously update departmental succession plan
Conduct P & L regular reviews & reports, incorporating all expenses and revenue streams.
Restructure finance department to align with corporate strategy and structural changes
Issue and maintain cash flow reports to meet daily and future obligations.
Forecast cash flow position, related borrowing needs, and available funds for investment
Liaise with Auditors to ensure an unqualified and timely quarter & year-end audit.
• Responsible for the Oracle implementation, data migration, user acceptance training and sub module designing for all the financial modules
• Carry out for all financial modules reconciliations in Oracle.
• Supervise the General ledger, Fixed assets, Accounts Receivables & payables, bank reconciliations & payroll to ensure all financial records & transactions are correctly booked according to budget.
• Approving and reviewing all financial transactions before posting in GL
• Monitor all system errors and bugs and liaise with IT team for solving and work around
• Ensure timely updates of the required data as per the Monthly Project Reporting
• Perform required month-end, Quarterly and annually closing and financial reporting
• Work with the Controller to ensure a clean and timely yearend audit.
• Preparation of monthly/quarterly strategic performance business score cards
• Deal with various Auditors in resolving their queries and assisting them in timely completion of audits
• Setting up of new companies and implement them in Oracle System in terms of process and accounting activities
• Responsible for all types of financial analysis for ledger and maintaining Chart of Accounts for the Group
• Maintain related company reconciliation and financials
• Advise on best practices of Financial Systems, company policies and procedures
• Managed the transfer of 20 Billion dirhams of Work in progress to fixed assets and assisted in the government reimbursement exercise
• Supports budget and forecasting activities.
• Advises staff regarding the handling of non-routine reporting transactions.
• Responds to inquiries from the Director of Finance, Controller and other finance and firm wide managers regarding financial results, special reporting requests.
• Support Controller with special projects and workflow process improvements.
• Provide training to new and existing staff as needed.
• Act as the main mentor for all emirates developers in ADPC
• Review financial reports submitted by the sales team for new clients.
• Ensure that the properties contracts are correctly signed by both parties.
• Check all debtors accounts on a monthly basis
• Refer the account to a collection agency or to the legal department to take legal action
• Achieve the monthly cash collection targets.
• Ensure that the appropriate telephone contact is made at the earliest stage on overdue debts.
• Answer queries and enquiries from customers regarding their accounts
• Ensure that payments are correctly allocated to the appropriate account and applied against the correct invoices.
• Check reminders letters for accuracy and appropriateness before sending
• Preparing monthly debit analysis and aged debt reports
• Supervising and controlling the payable and Receivable department.
• Monitoring the capital expenditure and all related commitments
• Preparing the monthly management reports
• Analyzing and reporting cost elements and cost allocation for different divisions
• Review and posting entries
• Follow up with the Project Managers on receiving monthly payment certificates from clients and advise on estimated dates for payments.
• Participates in meetings and discussions on report formats, data needs, periodicity of reports etc. and contributes suggestions and ideas to ensure workable decisions.
• Carries out trouble-shooting for problems faced by Finance users and ensures prompt resolution.
• Banks reconciliation and accounts adjustments
• All accounts related functions including posting JV’s, reconciliation, inventory reporting, verify payments, receipts and invoices, final accounts
• Preparing A/R monthly ageing ledger and ensure its accuracy with the GL.
• Tracking all monthly payments and postdated cheques.
• Preparing monthly Balance sheet Income statements.
• Prepare monthly account reconciliation
• Responsible for all claims and warranty calculations and accounting.
• Reimbursement of fleet and contributions
• Prepare and account all international goods receipts and calculating their cost.
• External contact with vendors, auditors, sole agents and show rooms
• Analyze customers accounts and recommend to the finance manager the provision for bad debts
• Preparing the costing calculation for the Vehicles, cost of sales, Variance Analysis and all work related to costing.
• Auditing the sales, Inventory department.
• Reviewing and analyzing of quarterly sales commission
• Performing periodical inventory check for ware houses and fixed assets
• Process contracts invoices.
• Perform necessary compliance and check costs and liabilities are booked in accordance with the operating Procedures outlined by the company.
• Prepare monthly bank reconciliation statement and scrutinize interest charges.
• Organize for periodical reconciliation of balance with all creditors, debtors and obtain confirmation statements.
• Assign target dates for completion and monitor progress.
• Prepare monthly payroll.
• Working with the cost department to match actual cost with planed.
• Dealing with all expatriates expenditures.
• Preparing Accruals and cash flow statements.
• Maintaining Subcontractors and vendors tracking Files.
• Internal contact with counterparts in other Controller groups, other employees regarding payroll or personal account matters, division project personnel and cost engineering personnel regarding billings and financial accounting information, procurement and personnel concerning purchase orders, benefits and related policy areas.
• External contact occasionally with vendors, subcontractors, auditors and banks.
• Supervising two accountants and two time keepers and reporting to Accounting manager and commercial manager
Certified Management Accountant
“Minimizing cycle time for subcontracts invoices approval”
Bachelor of Commerce: Accounting English section