Chief Financial Officer
Saudi Home Loans
Total years of experience :20 years, 10 Months
Expertise areas:
Financial Management, Financial Analysis, Budgeting and business plans, Liquidity and treasury management, Assets Management, Business Modeling, Risk management, Product Pricing, Tax & Zakat, coaching and training.
Responsibilities:
• Developed and implement company’s financial strategies and business plans in close collaboration with different business units.
• Prepare short and long-term financial projections and scenario analysis to supporting the company’s different financial subjects.
• Review and approve monthly, quarterly and annual financial reports before presenting to the board of directors’ committees.
• Prepare and discuss the annual budget of the company with the BoD’s committees.
• Implementing and monitoring approved budget, and revising estimates when needed. Reporting and resolving budgetary variances.
• Review and control all financial covenants and regulators requirements and make sure that legislative requirements are fulfilled.
• Managing the company’s liquidity needs and position on daily and monthly base.
• Negotiating the prices and loan terms for new credit lines with banks.
• Managing the full finance and accounting functions including the approvals of all payments and expense claims according to the authority matrix.
• Chairman of ALCO committee and manage overall assets and liabilities of the company including repossessed assets.
• Monitoring and supervising the internal and external audits process.
• Developing policies and procedures for financial control, assets management function and enhancing systems in use.
• Developing and maintaining business relationships with various stakeholders.
• Manage Zakat and Tax file and handling all related matters.
• Coordinate with risk, compliance and internal audit departments to insure the company compliance with SCB rules and regulations.
• Support and Coordinate with other departments to ensure smooth business operations and achieve the best results for the company and other stakeholders.
• Lead the finance team and provide necessary coaching to improve their capabilities and performance.
• Providing recommendation for products development and product pricing decision.
• Provide necessary support to the CEO and board of directors through its committees and prepare different reports, analysis and research.
Summary achievements:
Successful lunching of new lending software (Kastle software), improving the accounting and reporting system (Orion Software), developing of different features loan calculators, implementing daily cash management system and portfolio management system, successful issuing of annual financial reports, reducing the cost of funds and operations, heavily involvement in the IPO project of the company, solving several tax and zakat issues.
• Manage and supervise the daily work of the finance team including accounting related activities, GL accounts, reconciliations and ensuring a timely and effective month end closing.
• Prepare and review monthly, quarterly and annual financial reports before submitting to CFO/CEO.
• Supporting CFO / CEO in preparing short-term and long-term financial plans.
• Manage the annual and quarter audit process with external auditors.
• Supporting the CFO to manage the Zakat & Tax file with tax authority.
• Developing and suggesting improvements in controls within the company and implementing new processes and procedures.
• Support the CFO in preparing the annual budget and provide variances reports.
• Review and confirm different financial and statistical reports before submitting to related stakeholders inside and outside the company.
• Provide necessary training for finance team.
• Supporting the CFO in managing all finance functions and establishing annual KPI’s.
• Perform and carry out duties as directed by the CFO.
Job responsibilities & achievements:
• Developing the accounting module for overall financial functions of masakin program and the process to re-structure and establish Masakin procedures and conditions.
• Preparing monthly, Quarterly and year-end financial & statistical reports.
• Monitoring Masakin portfolio accounts with the agents.
• Controlling costs, collections and cash management.
• Tracking operations with targets and analyzing variances.
• Communicate with agents to insure their performance in accordance with contractual agreements and program procedures.
• Review customer’s applications to ensure matching with the program eligible criteria.
• Providing technical and financial advices to different staff.
Management accounts and analysis reports, annual audit, financial planning and budget process, Bank facilities, inventory costing and margin reports, improving business activities, Cash Flow, internal controls, train and manage staff.
AR, AP, Fixed assets, banking, taxes and GL
GPA : 3.5 / 4 rating : very good
GPA: 92% - rating: Excellent/First in class