Finance Manager
Bayader Jeddah Co
مجموع سنوات الخبرة :28 years, 2 أشهر
Bayader Jeddah Co is an Import, trading, and distributor of ceramic and Marble,
Achievements:
- Transforming the institution into a company and rebuilding the accounting and internal control system
- Correcting the financial position of the company through the study and analysis of accounting records
from 2015 to 2019
- Recalculation of the real costs of inventory, which led to the sale of 70% of the accumulated inventory
- Work with the company's management to develop the sales strategy through the introduction of a new
The mechanism for pricing and commissions, which led to an increase in profits by 36%
A subsidiary and construction arm of Rajhi Building Solution Group, design, produce, erecting, of building and civil projects
Achievements:
- Working with the company's management in developing a mechanism for the implementation of projects through the
plan to take advantage of all available resources resulted in a reduction in the cost of external labor by 60%
- Monitoring the use of materials through the application of a new procurement policy and negotiating with suppliers,
which led to a decrease in the cost of materials by 7%
- Managing the relationship with banks and rescheduling the investment fund loan, which led to improving the
company's cash flow by 5 million
- Applying previous experience in pricing projects through project item analysis and its costs resulted in the winning
3 projects worth 70 million Riyal
The Bakheet for Machinery (Closed Stock) is a multi-line business company specializing in trade, lease, and real estate functions. The company acts as an agent for 12 international suppliers with 15 branches and 20 local agents of 5 subsidiary companies.
Achievements:
- Managing banking facilities and developing the mechanism of issuing them, which led to reducing the facilities used,
turning the situation from a deficit into a surplus, and decreasing the cost of lending by 35%
- Work with the General Manager to develop a five-year strategic plan, which led to a 15% increase in sales
- Follow-up and regulation of the purchase of foreign currencies (euro, yen, dollar), which achieved savings of 4
million riyals
- Work with the Board of Directors and the Economic Committee Equipment and inventory were revalued according to
foreign exchange rates using savings and profits and the sale of 40% of old equipment
Al-Abniah Precast Factory is a manufacturer of a complete range of precast concrete building components,
Design, produce, erecting
Achievements:
- Contributing to the Marketing department in the Pricing process by introducing a new pricing strategy that
combined cost-plus and value-based to win 3 projects.
- Managed the relationships with SIDF and Bank, Rescheduling the SIDF loan, and obtained new bank
facilities to eliminate cash shortfall to a surplus of 6.5 million
A subsidiary of the Saudi Binladin Group, Premco- Bin Ladin producing ready mix, precast elements and GRC Elements (design, produce, erecting and installing)
Achievements:
- Developed spreadsheet-based business plans to project revenues, costs, margins, cash, and staffing needs, by applying cost analysis to determine any cost variances on time which led to preventing a loss of 7% from one item.
- Negotiated client vendor contracts, thus reducing a total of 1.3 million in costs for the company.
- Providing leadership in hiring and training the finance and accounting team to lunch and implement ERP Microsoft Ax 2009 saving training costs equal 0.75 million Riyal
The Eastern Construction &Trading EST Group is one of the biggest construction groups in KSA with 8 subsidiaries with different business lines.
- Working with the Chairman and board in re-engineering the Group structure to track expenses and reduce overhead
expenses by 13%
- Enhance and develop an internal control to compline with Microsoft AX 2004 which Enhanced financial reporting
by eliminating errors and report time by 30% and 52%
- Collaborated with divisions to maximize the utilization of Machinery, vehicles, and equipment for the group, saving
12 M SAR capital Funds are required for 3 plant expansion stations.
- Establishing broad budget goals, revenue, and expense projections for the group, leading the budget process and
budget committee for the group, and overseeing quarterly financial forecasting.
- decrease Customer balances by 26% by introducing customer credit application and applying risk management
as a result, improve the group’s cash flow