Financial Director
Confidential
Total years of experience :27 years, 2 Months
Managing the finance & accounting of 4 entities operating in the following industries:
Real-Estates
Manufacturing
Entertainment
Engineering
Instructor of Financial Accounting, Management Accounting at SOCPA
Participate in strategic data analysis, research, and modeling for Board Members.
Support project analysis, validation of plans, and ad-hoc requests
Analyze business profitability and areas of improvements.
Managing cash & working capital, and financing
Approve vehicles ordering according to annual volume plan and monthly order call with maintaining optimal vehicle inventory.
Undertaking strategic analysis and assisting with strategic planning.
Producing long-term business plans.
Undertaking research into pricing, competitors and factors affecting performance.
Has bank signatures (PoA) across 7 banks, Sign off transfers, payments, cheques.
Liaise with remote counterparties in Italy and regional offices in Dubai, UAE.
Setting KPI’s for GM, Brand Managers, Sales Managers, Accountants.
Prepare annual bonusses for GM, Admin staff and accounts.
Provide CEO & management with a comprehensive monthly report with interpretations of the financial ratios and KPI’s
Costing and pricing new vehicles, used vehicles, spare parts. developing new pricing structure.
Prepare monthly management accounts summary for the shareholders including interpretations and recommendations.
Initiate budget process, schedules deadlines.
Presenting master budget with what if analysis.
Continuous assessment of financial risks and recommend course of actions.
Review and approve contracts with third parties i.e purchase agreements, leasing, financial facilities, and service facilities.
Communicate monthly reports to the factories in Italy.
Contribute in designing and implementing incentive plan for GM, brand managers, department heads.
Approve payments, transfers, and contracts
Communicate monthly reports to the factories in Italy.
Liaise with corporate banking officers, Internal auditor, and external auditor.
Playing key role in VAT implementation project across more than 20 entities representing Al Nahla Group and its subsidiaries.
Provide training to GM’s, Brand Managers, Finance Managers, Chief Accountants, and Accountants
Work closely with EY Tax Director and his team.
Interpretation of the complexity of operations, intern-company transactions to EY team in order to apply appropriate tax rules.
Examining different ERP systems of each company and request amendments for Tax purposes as needed.
Review and signoff VAT return for holding company and subsidiaries.
Liaise follow up with Tax Authority and answering their comments and requests.
Report to the group CFO & the Board
Ensure compliance with accounting policies and regulatory requirements
Support project analysis, validation of plans, and ad-hoc requests.
Responsible of the Financials and accounts of 6 diversified companies individually and consolidation:
- Al Nahla Urban (Land Bank)
- Al Nahla Technology (Smile Technology Africa & Silicon Valley, USA) (Telecom and Hi- Tech)
- Al Nahla Aviation (Luxury Private Jet)
- Al Nahla Holdings 1 (International Investments)
- Al Nahla Holdings 2 (International Investments)
- Al Nahla Offshore (international Investments, Equity Investments)
Executed financial analysis and special assignments of financial due diligence in ubsidiaries: SAMACO Automotive, SAMACO Toys, Hassan Abbas Sharbatly Foundation, and Fast Auto Technic.
Analyzing UBS, Goldman Sachs financing options and provide recommendations to Group CFO.
Review of semi-annual reports from Rolls Royce on the condition of the air craft, the impacts on the market value of the aircraft (blue book), and finally calculation of the monthly lease payment based on discounted residual value.
Detailed review of the monthly financials, usages of the aircraft provided by operating company in Dubai, UAE
Prepare monthly invoices based on aircraft usage, follow up until receiving the monthly fees.
Follow up with smile telecom, Africa subsidiary, on working capital requirements, injections, financings.
Review the monthly, quarterly, and semi-annual reports from Smile Telecom (subsidiary Company)
Review, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
Working on Great plains ERP system.
Report to COO, GM
Advice top management as to areas of strengths and weaknesses
Assign tasks to the financial manager & the accounting team
Develop financial policies & procedures and the financial controls.
Develop the master budget and departmental budget, communicate and compile the budget.
Developed automated financial ratio analysis to provide instant information on performance.
Developed MRS (Management Reporting System) to provide ad-hoc and instant financial
Reports to top management.
Evaluate, the financial & accounting team, report actual vs. budget, investigate deviations.
Many other responsibilities and duties
Motivating dep. Managers for the achievement of the annual budget.
Oversee contracts and costing
Report to the board and GM regarding the finances of the company.
Prepare, examine, and analyze accounting records, financial statements, and other financial
reports to assess accuracy, completeness, and conformance to reporting and procedural
standards.
Performing feasibility studies for customers (payback period, discounted cash flow, profitability
index, and cost of capital).
Liaise with SIDF (Saudi Industrial Development Fund)
Analyze business operations, trends, costs, revenues, financial commitments, and obligations,
to project future revenues and expenses or to provide advice.
Establish tables of accounts, and assign entries to proper accounts.
Pricing products, review prices in conjunction with the target profit plan and the overall
financial budget.
Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted
costs to actual costs.
Develop, implement, modify, and document recordkeeping and accounting systems, making
use of current computer technology.
Survey operations to ascertain accounting needs and to recommend, develop, and maintain
solutions to business and financial problems.
Advise management about issues such as resource utilization, and the assumptions
underlying budget forecasts.
Any other related financial / accountancy activities requested by management.
Reporting to corporate branch manager functionally and organizationally to the Deputy GM.
The position was a blend of management, accounting, and marketing, the branch is independent in decisions, as a branch manager, I have been in charge for the followings:
Hiring sales staff of different nationalities and cultures.
knowing the critical successes factors and the competitive advantages, building strategic relations with customers, opening new markets, presenting new products,
Applying transportation models to optimize the trade-offs between the quality of delivery and the cost.
Ensuring profitability and cash flows, prepare zero-based expenses budget for more control over expenses.
During this period, I obtained many rewards of achievement for the best performance kingdom wide
Obtained CMA designation in a very short time
Graduated with 90% grade