senior finance manager
global technical services
Total years of experience :23 years, 5 Months
NOTABLE ACHIEVEMENTS:
• Took a lead role in developing, implementing, analyzing and maintaining a strategic business and financial plans.
• Developed financial strategies that supported the overall goals of the company, forecasting, budgeting and identifying areas for cost savings and revenue growth.
• Worked closely with other departments to ensure that the company’s financial goals are aligned with overall business objections.
• Ensured that the company’s financial reporting was accurate and timely.
• Presented financial information in a clear and concise manner.
• Developed and implemented financial systems to ensure the accuracy and integrity.
• Ensured all accounting activities are complied with regulations and international practices.
• Recommended cost-reduction solutions to improve company’s profitability.
• Lead the IPO transformation process.
• Supervised the finance team for the better understanding of their responsibilities.
• Took a lead role in driving the improvement based on the evaluation of company’s performance.
• Developed and implemented the financial control over all the company’s activities.
• Assessed the implementation of a systematic control over all the company’s assets.
• Initiated a systematic (monthly, quarterly, and annual) reporting package to support strategic management’s decisions.
• Reviewed and revamped the organization’s financial policies and procedures, to ensure effective and efficient usage of company’s resources.
• Restructured banks’ facilities for the betterment and support of business flow.
• Improved company’s liquidity and set a plan for the early settlement of company’s outstanding banks ‘obligations.
• Improved the relationships with local banks and creditors.
NOTABLE ACHIEVEMENTS:
• Restructured the accounting and finance teams to better support the organization’s SR one billion growing business.
• Improved financial planning and finance operations resulted in a savings of approximately SAR 10MM for FY 2015 and SAR 15MM for FY 2016.
• Increased coordination with the procurement department on financial terms and planning thereby achieved additional savings of 4MM throughout FY 2015-2016.
• Initiated and directed the restructuring of financial instruments and obligations resulted in a 30% reduction and total savings of SAR 3MM across FY 2015-2016.
• Key member of the Oracle Enterprise ERP implementation team.
• Revamped financial reporting to operational divisions and executive management to facilitate strategic operational and executive management decision making.
• Restructured some of the operating and administrative expenses resulted in savings of additional 3% (overtime, vehicle maintenance, telecommunication expenses and utilities).
• Worked closely with division heads and project management to improve billing and collection processes.
• Worked with the logistics department to implement a strategic plan to increase control and visibility over the importation process for equipment and materials which resulted in a noticeable reduction in penalties and demurrage charges / fees.
• Initiated and directed new payment terms and methods of payment to improve company’s short- and long-term liquidity and to meet both internal and external expenditures.
• Revamped the organizations petty cash policy to ensure effective and efficient usage thereby petty cash outflows has been reduced from 7.2% to 2.2% over the course of 2 years which also has increased the accuracy of projected petty cash expenses allocation and mitigated the potential misuse.
• Improved relationships with local banks and creditors which resulted in the increase of existing credit facilities without sacrificing timely settlement of financial obligations.
• Restructured the internal audit department for better independent oversight of financial transactions and adherence to official organizational policies and procedures.
• Developed a model to be used for the determination of organization’s annual budget including bonus scheme for performance-based rewards.
• Worked closely with the Human Resources Committee to document organization wide general accounting and administrative policies and procedures as well as general guidelines and limits for employee benefits which yielded additional savings on ticketing and business travel expenses for SAR 2MM.
NOTABLE ACHIEVEMENTS:
• Developed accounting and finance team to support SR 1Billion business.
• Reduced delinquent receivables from 60% to 12% via the establishment of a professional collection team, strategic collection plan along with strict procedures which resulted in the recovery of SR 2.5 million of bad debts and accelerated collection process by 400% as compared to previous company benchmarks.
• Enhanced company standing and relationships with banks resulting in better bank support and a 20% increase in existing credit facilities limit.
• Improved the financial position with vendors and main suppliers by reconciling delinquencies and negotiating new terms of payment.
• Managed company’s financial accounting and monitored reporting systems.
• Strengthened the company’s external relationships with banks and creditors.
• Implemented the use of KPIs to gauge financial performance which resulted in better management of bank accounts, transaction tracking and facilities management as well as increased accuracy and timeliness of financial reports used for recommendations and decision making.
• Managed and safeguarded company's asset (mainly inventory) and accounting principles for counting and valuation.
• Monitored cash flow and worked with various operation heads to forecast requirements and control avoidable expenses.
RESPONSIBILITIES:
• LCs officer (UCP- Uniform Customs Practices 600).
• Bill of collections officer.
• Teller.
• ATM controller / cash deposit and balance monitoring (keys custodian of all ATM's).
• LGs officer.
MIS Masters 2004