Group Financial Controller
Badr Al Sahraa Group For Contracting & General Trading
Total years of experience :15 years, 2 Months
This Group is involved in Construction, trading, mining and manufacturing businesses which is located Najran, Dammam, Al Khobar and in Jeddah.
I have achieved the following objectives till to date:
-Implemented a finance organization structure to support
the company’s construction, Trading and manufacturing
business and to improve the overall financial performance
of the group.
-Right sized of the head count that shall be cost effective and
yet able to increase the productivity, profitability and self-
confidence.
-built a strong financial team to successfully meet the forth coming future challenges of the complex manufacturing and construction businesses.
-Increase the Gross and net profitability by successfully controlling the cost of raw material and direct labor in the production of Gibal Najran Factory.
-Solicited the financial resources / credit facilities from the local banking community to fund the new construction projects and g manufacturing operation of Gibal Najran Factory For Metal Products which is partly financed by SIDF.
-To chalk out and successfully implement a Five Year Business Plan for Construction, Trading and Manufacturing business and to make recommendation to the Senior Management /Owners to make the appropriate changes in the management style to meet the ambitious business goals.
-Managed primary banking line and monitor cash flow and interest rates & relevant pricing of import.
-Continuously seeking debt reduction options that include
leases, currency cap contracts and government loans. -Oversee purchasing, payroll, inventory and pricing, and
currency, audits and stock transactions. Perform capital
budgeting and ROI analysis. Accountable for all regulatory
reporting
Matjar Alwatany is a Branded Sports Retailer with 40 outlets thought Saudi Arabia. I was recruited by the President & Owner, as Vice President (Finance & Accounts) to bring structure and enhance processes of the functional areas of treasury, cash flow management, banking, inventory control, account receivables, accounts payable, general accounting, external auditing, budgeting and financial forecasting and financial reporting. Managed staff of 10. Key accomplishments are:
-Improved the monthly closing of financial results from 45 days
to 10 days.
-Achieved balance sheet credibility through establishing and
enhancing the accounting policies & procedures.
-Designed & Implement an annual budget process that
supports a 5-years plan.
-Accessed & implemented a finance organization structure to
support the company’s overall financial performance; this
included head count reduction that were cost effective, yet
increased the productivity and self-confidence.
-Was the lead member of the management team that pulled the
company out of chapter 11 resulting due to inability to meet
the repayment schedule and pass due bank loans and non-
payment to foreign vendors who holds the PDC.
- Negotiated and solicited SR. 61 million revolving credit lines
with LIM to refinance the working capital need (Inventories &
Receivables) from sight to 270 days with the banks.
- Negotiated Medium Term Loans for expansion of branches
network and increased the retail outlets from 32 to 40.
-Increased the turnover from SR. 40 million in 2010 to SR. 89
million in 2012 & profitability of the company from losses in
2010 to SR. 9 million in 2012.
ALYAF Industrial company Limited is a manufacturing company producing specialized materials used for stoppage of soil in the roads, bridges and seaport constructions. Was recruited by the Chairman of the company to control the cost of production, to improve liquidity and process excellence in the functional areas of cash flows, treasury, budgeting, financial forecasts, cost controls, account receivables, inventory control & procurement of raw materials, capital budgeting, financial reporting, banking, external audit and account payables. Managed staff of 8. The selected achievement is as follo
-Managed and negotiate all insurances, including plant &
Machinery & business. Manage primary banking line and
monitor cash flow and interest rates & relevant pricing of
import.
-Continuously seek debt reduction options that include leases,
currency cap contracts and government loans.
-Oversee purchasing, payroll, inventory and pricing, and
currency, audits and stock transactions.
-Capital budgeting and ROI analysis.
-Accountable for all regulatory reporting,
- Slashed the import cost by an average of SR. 6 million
annually by successfully negotiating the better price of the
imported materials.
-Slashed partly outstanding bank loan in a year by developing
weekly forecasts, controlling capital spending and splitting
capital needs for raw material and finished product matching
the sales.
-Reduced financial burden and huge capital investment in the
imports of raw material by successfully scheduling the import
matching the production and sales.
-Increase the Gross and net profitability by successfully
controlling the cost of raw material and direct labor in the
production.
Trading & Manufacturing Division of the Bank. The selective achievements were:
Achieved distinguished position in CAD (Credit Administration) training
Completed Educational Course for M.A (Economics) from University of Karachi, Pakistan.
Completed Master of Business Administration with major in Finance course of two years from University of Karachi, Pakistan.