Finance policy and compliance General Manager
Saudi Telecom Company - STC
Total years of experience :16 years, 4 Months
Handling and managing three departments
-Credits
-Finanical Compliance
-Finanical policy and Procedure
• Member of the Finance Sub-Committee under Executive Committee for Financing Company.
• Identify and review all the issue that are facing the Financing company in the market and raise it
to the Executive Committee to be discuss with SAMA.
• Ensure that the financial planning is comply with the short and long term strategic goals of the company.
• Contribute to the senior management and delivering highly reliable information to mitigate the business profitability and make sure the risk within the framework of the company policies.
• Providing guidance to the finance team (Accounting, treasury, reporting, investment, etc).
• Continue development of the finance departments and enhancement of the controlling.
• Keep enhance the ERP in the company to maximize the productivity and controlling.
• Drive the company to IPO.
• Ensure effective functionality the company strategy. (Business plan, Budgeting plan, Investment, etc)
• Build the Finance Department. (Accounting, treasury, reporting, etc)
• Review all the reporting for the regulator.
• Analyzes all the financial information to make sure the profitability of the company.
• Ensure the Implementing of the new company system and its according to company requirements.
• Monitor all finance activity of the company and ensure all the control function are set
• Strategic planning and organization.
• design the general strategy of the company.
• Setting goals and general policies of the company
• Held a strategic alliance with third parties.
• Redesign the organizational structure of the company.
• The geographical expansion of the company's business in the Kingdom
• Hiring a strategic resource.
• Identify and develop plans for long and medium-term work programs.
• The appointment of external consultants.
• Going to IPO.
• Measuring performance management
• The purchase of fixed assets Outside the scope of the capital budget, including no more than 10% of the total budget budgets.
Notable Accomplishments:
• Selected as a “High O/S Performer” in 2012, 2013, 2014 & 2015 for outstanding contribution.
• Adjudicated as “Top Performance Employee” in 2013 & 2015.
Key Responsibilities (Finance Manager):
• Spearheading financial operations of the company across the kingdom.
• Monitoring progress of projects and taking corrective action for completion on time & within budget.
• Keeping close tabs on Accounts Payables & Employee Expenditures and assuring that these are within budget.
• Strengthening relations with other banks for long term strategic partnerships.
• Tracking the movement in cash inflows & cash outflows and maintaining funds for operational expenditures.
• Providing guidance & support to the Treasury team on Loans and other Trade facility products.
• Analyzing processes linked with the Finance department and removing inefficiencies to enhance effectiveness.
• Leveraging modules in SAP to enhance the scale & scope of technology in the company.
• Providing requisite information to external auditors and responding to their queries in a satisfactory manner.
• Adhering with the required protocols for DZIT certification & VAT recovery.
• Facilitating the CFO and COO in strategic planning & decision making; serving as acting-CFO during his absence.
• Arranging funds for the disbursement of dividends to shareholders as per Board Resolution.
• Scrutinizing & authorizing projects above SR 75 MN with emphasis on cash flows & payment terms with vendors.
• Reviewing & signing off on supplier contracts in alignment with the projects requirements & company policy.
Key Responsibilities (Compliance Officer):
• Assessing internal controls of various processes and identifying deficiencies.
• Drafting reports on the salient features of each process and recommending steps to plug control weaknesses.
• Testing compliance of operations with documented work flows, policies & any other regulatory requirements.
• Devising new methods to minimize the risk of fraud & embezzlement along with zero tolerance policy for any offense that damaged the sanctity of the company.
• Taking stern action against personnel engaging in fraudulent activities and setting an example for other personnel.
Key Responsibilities:
• Adhered with credit policies & procedures and regulatory & corporate requirements.
• Actively engaged in the management of collaterals inclusive of valuation and maintenance, monitoring & vetting of documents against policy requirements and reported exceptions to the Line Manager.
• Acquired knowledge of processing and enhanced capabilities in credit limit monitoring systems & processes.
• Coordinated with Business Units & RMs for swift & timely resolution of issues while reducing the cycle time for credit approval.
• Performed internal audit of Western & Eastern regions and provided recommendations on improving the overall efficiency & effectiveness of operations.
Key Responsibilities:
• Developed mutually beneficial relationships with correspondent banks and complied with the operational guidelines & protocols.
• Addressed concerns raised by correspondent banks on a war footing basis and to the level of their satisfaction.
Continuous Professional Development: • Credit I (Financial Statements & Cash Flow Analysis) • Credit II • Treasury Management • Core Accounting • Principles of Banking • International Financial Reporting Standards (IFRS) • Saudi Tax & Zakat Regulations • Project Management Professional (PMP) • IMPACT Leadership Development Program • Contractor Finance