Chief Financial Officer
SwiftTech Solutions, Inc
Total years of experience :16 years, 5 Months
Selected as a member of management team to restore credibility of financial operations as part of a corporate-wide, top-to-bottom. Established centralized procurement team of 7 professionals achieving savings of $700.000 in 2016
•Credited with significantly improving the company’s cash flow position by as much as 50% following implementation of new credit and collection procedures
•Worked with company management to develop needs reports that would be used to create upcoming budget projections
•Designed and implemented a new billing review process to ensure efficiency and accuracy, and improving the cash flow by providing accurate budget, forecasting and analysis.
•Generated $1.5 million in cash from working capital in the first 6 months post acquisition by accelerating billing, improved collections and extending vendor payment terms
•Reduced information flow to external audit firm, reducing the cost of audit by $25, 000 annually, 60% savings.
•Negotiated the cost of the insurance, and payroll companies generated multiple offers to reduce insurance cost by $21, 000 annually. And $3000 annually of the payroll system cost.
•Reduced staff from seven people to four saves $100, 000 annually.
•Responsible for the monthly close as well as maintenance of all accounting ledgers including monthly review of all account reconciliations and journal entries
•Presented company financials during board's quarterly budget meeting, showing quarter-over-quarter growth and provided analysis of trends/fluctuations and variances, including recommendations for corrective action when necessary
•Led accounts payable and accounts receivable department
•Managed and reconciled payroll system for employees, contractors and vendors
•Negotiated and return the business reputation and credibility by removing and pay off state and federal tax lien by filing the quarterly and annual payroll tax return, and making the payment on time.
Established centralized procurement team of ten professionals carrying out the accounting and financial function for this corporation achieving savings of $3 Million in 2012.
•Key member of team implementing new comprehensive accounting system that includes ERP and client portal system in the U.S, UAE, Jordan and established office in Iraq to handle accounting and billing function
•Ran monthly JIB, COPAS allocations, receivable reconciliation and audited AFEs
Joint Venture and Consolidated Financial Statements
•Communicate and address Taxing Jurisdiction issues regarding notifications, registrations or compliance issues and file and assets all MMS/OGOR reports electronically.
•Percentage of completion, oil Tonnage and crude oil cost and returns calculation
And reconcile all crude oil statements against run tickets.
•Developed reporting for foreign operations which eliminated confusion and simplified reporting. Oversaw the financial operation of subsidiary and foreign companies
•Evaluate and measure different areas of the business objectives by implementing KPI software developed by the IT department over my supervision
•Prepared and presented the financials and management’s report to the board of directors, which aided in decision-making processes
•Directed monthly bank compliance reporting, daily cash management, accounts payable and accounts receivable.
•Oversaw operations of 24x 7 inbound call centers with 500+ clients. Directed coaching/training to have a better feedback of customer satisfaction.
•Negotiated with the 3rd Parties to reduce their percentage from the monthly revenue from %15 to %12.5 add saving $0.5 Million annually. By shifting the company to use more friendly environment equipment and depends on recycle products, also by shown the outstanding results and improvement added to petroleum refineries sector, transportation infrastructure and to U.S. Custom and boarder protection.
Nawal George, CFO, Vienna, VA. (720) 550-0328, Nhasan@nafith.com
Balance general ledger by preparing a trial balance, reconciling entries monthly
•Maintain the accuracy of the bank reconciliation preparation for 3 large bank accounts, performs cash management functions, and prepares annual cash audit work papers, reconcile financial information.
•Analyze and prepare allocation of corporate costs
•Internal auditing between 3 branches, and work with external auditors during reviews and audits to ensure full cooperation from accounting staff and compliance with all qualified requests.
•Payroll administrator, perform payroll reconciliations between time and attendance and payroll modules before finalizing the payroll transmission, compare and coordinate with HR and employee updates, files and maintains the confidential payroll files, organize storage of annual documents.
•Calculated oil tonnage and crude oil invoices and cost of distributing.
•Prepared insurance reconciliation for 250 employees and their dependents
•Provided feasibility studies, predict losses & profit for potential investment consolidate all investments within a fund
•Calculated travel expenses in foreign currencies, fortnightly staff expenses
•Preparation tables monthly and quarterly projects and expenditures
•Submit a report on the functioning of the accounting projects daily, weekly and monthly
•Analysis of revenue opportunities within the division
•Reviewing and feeding back on the work of team members, ensuring agreed targets are met and identifying appropriate actions where problems occur
Nawal George, CFO, Vienna, VA. (720) 550-0328, Nhasan@nafith.com
Fulbright Scholarship,
“A Case Study of the Financial Consolidated Statements and International Accounting Standard”
