Chief Financial Officer
United Financial House
مجموع سنوات الخبرة :26 years, 7 أشهر
United Financial House (Ittehad Capital)
03/2012 - Current Riyadh - Saudi Arabia
Chief Financial Officer
Responsibilities: • Reporting to the executive director (ED), the Chief of finance and administration will define the process and implement the infrastructure/systems needed to support substantial growth over the next five to 10years.
• Build and manage effective and streamlined administrative /financial systems, including financial, accounting, legal, information technology (IT), human resources (HR), and physical infrastructure.
• As a member of the senior management team, the CFO will be involved in strategic planning, evaluation, and professional business development initiatives.
• Responsible for managing and investing the company capital to maximize its return for the company.
• Oversee and manage all the financial activities for the company including budgeting and monitoring of the actual business revenue and expenses.
• Plan and device the company business plan including the investment products offering to the clients.
Riyad Capital _- Riyad Bank
02/2008 - 03/2012 Riyadh - Saudi Arabia
Investment Products development & support Manager
Responsibilities: • Plan, devise and implement strategies to manage and maximize efficiency of assets management services process including International Investment Operations. Distributions channels, Middle Office and front office dealing for funds managers.
• Understand business strategies and develop operations models to support and achieve set targets.
• Manage the Company's Structure products desk including the marketing and customization of the required notes as per client requirement. Also managing all product management / process with clients, custodian and issuer.
• Manage the company's investment corporate saving schemes including the marketing and customization of the required schemes as per client requirement and managing the schemes process with corporate clients and the company.
• Establish the operational capacity that is currently available and ensure that any additional capacity required is planned and obtained. Analyze capacity creation options and recommend appropriate models
• Explore prospective opportunities to expand existing business by assisting in offering G.C.C funds to the Saudi market through business arrangement and alliance with other custody and assets management services providers in the regent.
• Plan and manage the required funds segregation process to maximize international fund management and custody services efficiency.
• Introduce and manage an all business aspects of an overall investment services system (STP) to cover all investment services requirements for Investment products offered by the company including: * Development of new products and channel initiatives.
* Development of Projects RFP (Request for proposal)
* Development of the Project BRS (Business requirements Statements)
• Plan and manage the required funds segregation process to maximize international fund management and custody services efficiency.
Riyad Bank - Riyadh - Saudi Arabia 3/2002 - 01/2008 Riyadh - Saudi Arabia
Manager-International Investment Operations
Responsibilities: • Set and communicate operating goals and department objectives that are consistent with corporate goals.
• Offer suggestion for development, actions, deliver on agreed-upon development opportune
• Management and control of the following: • Corporate and Portfolio Management: Valuation, cash management, deal settlement and reconciliation of portfolio holding. Management of Murabaha and Time deposits deals. Management of International equity trading including recording, Settlements, corporate actions. MIS and SAMA reporting.
• Local Brokerage: Daily Support on local brokerage trading, end of day trading, settlements and reconciliation, Tawaruq deals and certificate issuance.
• Local / International Fund Valuations and Unit Pricing: Management of funds performance, unit pricing, cash valuation and projection, proper holdings reconciliation for all funds, and settlements.
• Quality Control: Assurance and control of accuracy of fund valuations, proper reconcilements, reporting, processing and verifications, customer complaints.
• Processing and Customer Service: Receive, review, process and confirm funds subscriptions/redemptions transactions.
• Manage and authorize annual preparation of the Funds annual financial statements.
• Manage and monitor all Funds Cash flow projections.
• Manage the Monthly management reporting requirements (MIS)
• Re-engineer and standardise process to improve the international investment and treasury division business process including: * System development and enhancement.
* Business process review and risk management
* Organization chart, Job description and development of team leaders.
* Corporate Govern and risk control.
• Budget preparation, justification and control.
• Manage business relationship with Internal and External Funds Managers e.g. Fidelity, BBH, JP Morgan, DIWA and other regarding the process and management of the 37 international Funds.
• Represent The International Investment Division in the Bank Fiduciary and Investment Committees.
• Settlement of inter-company/fund accounts within the group.
• Ensure that the resources of Investment Operations Department are being employed in the most efficient manner.
• Establish and introduce new operating procedures/systems.
• Ensure all investment payments are timely and correctly authorised.
• Ensure that physical settlements are timely and correctly authorised.
• Ensure that recording and reporting is accurately performed.
• Ensure that physical effects are secure and that movements are controlled.
• Ensure the continual adaptation to the finance corporate environment.
• Ensure that all own activities comply with the Bank policies and procedures.
• Ensure Investment Operations staff compliance with the Bank policies
and procedures.
• Liaison with both Internal and External auditors regarding the required audit for the division and both external and internal funds and Portfolios business.
• Accurate settlement with external and internal fund managers and brokerage companies.
• Reconciliation of investment transactions with.
• Review of activities by Internal Control Group as required.
• Independent review of custody records and physical effects.
• Timely reconciliation of Bank accounts.
• Timely dispatch of internal and external customer advice.
• Prompt and accurate settlement with external fund managers.
• Timely reconciliation of inter - company settlements and confirmation.
• Timely payments of international payments; SWIFT.
• Train and coach staff within the accounting operations to utilise statistical measurements to support pro - active management practices.
• Manage personnel and administration (team of 28 members) matters including: Attendance, Discipline, Salaries and Other Human Resource related activities as required.
Commonwealth Bank Of Australia - Sydney Australia 6/1999 - 3/2002 Sydney - Australia
Manager-Banking and Treasury Operations
Responsibilities: • Annual preparation of the group's cash flow statements.
• Forecast of future funding requirements and management of the cash flow requirements for group companies.
• Preparation of monthly management reports.
• Re-engineer and standardise process to improve the treasury and banking accounting control.
• Settlement of inter-company/fund accounts within the group.
• Ensure that the resources of Investment Operations Department are being employed in the most efficient manner.
• Establish and introduce new operating procedures/systems.
• Ensure that all investment payments made are timely and correctly authorised.
• Ensure that physical settlements are timely and correctly authorised.
• Ensure that recording and reporting is accurately performed.
• Ensure that physical effects are secure and that movements are controlled.
• Ensure the continual adaptation to the finance corporate environment.
• Ensure that all own activities comply with Commonwealth Bank policies and procedures.
• Ensure Investment Operations staff compliance with the Bank policies and procedures.
• Management and control of the following: • Reconciliation of settlement statements from internal fund managers and external brokerage companies.
Reconciliation of investment transactions with Colonial First State.
• Review of activities by Internal Control Group as required.
• Independent review of custody records and physical effects.
• Timely reconciliation of Bank accounts.
• Timely dispatch of internal and external customer advice.
• Prompt and accurate settlement with external fund managers.
• Timely payment and allocation for taxation.
• Timely reconciliation of inter - company settlements and confirmation.
• Timely payments of international payments; SWIFT.
• Train and coach staff within the accounting operations to utilise statistical measurements to support pro - active management practices.
• Manage personnel and administration (team of 17 members) matters including: Attendance, Discipline, Salaries and Other Human Resource related activities as required.
AON Risk Services
1/1999 - 6/1999 Sydney - NSW
Finance / Accounting Consultant
Preparation of the company financial statements • Preparation of the company tax returns. Analysis of trail balance and reasonableness check of results. Liaison with external auditors to obtain the audit clearance for the year.
Eli Lilly and Company 11/1997 - 12/1998 Cairo -Egypt
Financial Analysis Manager
Development of the budgeting system. Yearly and monthly financial reporting to head office in Indianapolis and Geneva. • Affiliate financial performance reporting and monitoring. Review of the accounting systems and head office requirements. Improve the company expense allocation by introducing the Activities based Costing.
NSW GOVERNMANT 7/1997 - 10/1997 Sydney - Australia
Accounting and financial Consultant
Provide budgeting and financial analysis to multiple department of the RBG division of the NSW Govt office to manage an annual budget of $250M.
Australian Mutual And Provident Society 11/1995-6/1997 Sydney - Australia
Manager -Retail and Financial Services division
Responsible for the financial and administrative requirements for the financial services systems division including: Preparation of the annual budgets for the division A$150M.Development of the budgeting systems and cost centres structures. Monitor actual expenditures against budget and report anomalies to senior management on a monthly basis. Staff recruitment, training and development (20 staff) . • Management of all accounting requirement including tax returns and annual accounts requirements.
Group Statutory Accountant 3/94-10/95 Sydney - Australia
Control of AMPG investment portfolio and fixed assets management. Completion of the company and its subsidiaries financial statements Completion of the company and its subsidiaries tax returns. Completion of the company and its subsidiaries insurance returns. Completion of the company and its subsidiaries fire services levy and stamp duty returns in the most effective method, which maximise the Group benefits. Training of staff and team leaders.
National Office Accounting Manager 2/92-03/94 Sydney - Australia
Development and enhancement of management accounting systems for the General insurance company. Development of the ledger system for the reinsurance accounting. Preparation of the financial statement for AMPG. • Preparation of the company tax returns. Completion of the company services levy and stamp duty returns in the most effective method, which maximise the Group benefits. Monitoring accounting practices of state offices and subsidiary companies. Liaison with external auditors for an effective annual audit for the company.
Financial Controller 3/1987 - 2/1992 Sydney - Australia
Mitsui Insurance and Investment Co- managed by AMP in Australia
Financial Controller Responsible for overall accounting control and management in Australia. Preparation of and settlements of the monthly current accounts with Mitsui head office - Tokyo. Preparation of the Commonwealth insurance quarterly and annual returns. Preparation of the company income tax returns. Control and management of the company investment in conjunction with head office - Tokyo.03/87-02/89 - Financial Accountant Responsible for Mitsui accounting reporting for the company in Australia. Preparation of all accounts receivable and Payable and settlements of outstanding balances with clients in Australia and Japan. Preparation of the Commonwealth insurance quarterly and annual returns for the company. Preparation of the monthly investment reporting. Preparation for all system accounting changes requirements.
Danzes Wills International 9/1986 - 2/1987 Sydney Australia
Financial Accountant
Management of the ledger system and performance of various reconciliatory accounting activities.
Management of Profit and loss accounts.
NATIONALTY Australian
Msc in International Management and Finance, University of Liverpool UK 2012.
March 1983 Bachelor's Degree Bachelor's degree in accounting Post Graduate study - University of technology Sydney Australia