Chief Financial Officer CFO
alkhorayef water and power technologies
Total years of experience :13 years, 5 Months
To ensure that the business operates an appropriate and effective set of financial controls over transaction processing.
• To lead the development of financial accounting policies, processes and procedures ensuring that the best practices are adopted and implemented and that they are consistent with overall BAE SYSTEMS practices that are compliant with the requirements of the Operational Framework.
• To drive the company to achieve its yearly financial plan commitments by leading the financial aspects of the process and contribute to the development and evaluation of alternative options. To ensure that the finalised plans have a sound financial basis and that risks and opportunities are properly understood and evaluated.
• To comply with all external reporting requirements and ensure that external reporting complies with all relevant accounting standards and legal and regulatory requirements.
• To provide appropriate internal reporting to enable the financial management of the Business Unit(s) and to ensure that an appropriate review mechanism is in place, and provide financial advice and support to the Management Board.
• To ensure that where necessary timely advice and guidance is sought in respect of taxation, treasury, & external funding, legal matters and in respect of business acquisition.
• To ensure that the finance team comprises of appropriately qualified and experienced staff with the right capabilities and to lead their training and development.
• To ensure that transactions are carried out in line with commercial requirements (e.g. timely purchase ledger payments).
• Ensure that cash resources are available to meet business commitments through effective cash management planning.
• Provision of specialist financial advice and support to Business Units on financial governance issues.
• To work with BU's to ensure that they are aware of and manage any potential foreign currency exposures.
• Ensure financial accounting systems hold accurate and up to date information (e.g. exchange rates, vendor bank details).
• Manage opening and closing of bank accounts.
• Manage bank account balances to achieve maximum interest.
• Manage period end close and review al posted and support the accountant where the need.
• Undertake financial transaction processing in the most accurate and efficient manner.
• Manage the financial ledgers includes posting and reviewing of General ledger and take any adjusting action, also conduct quarterly GL and cost elements reviews with Accounting Department.
• Preparing departmental budgets which includes actuals and forecast cost of manpower and overhead.
• Posting and approve regular journals including preparing adjusting journals where is needed.
• Review and approve Monthly balance sheet reconciliation with the team of accountant.
• Prepare the and participate in the monthly management accounting reporting including the manpower cost and overhead cost.
• Set the yearly Direct Labour rate to be used in the costing process and the tendering stage.
• Post and adjust monthly accruals and prepayment Journals, including the preparation of end of service benefits journals for each cost center and BUs.
• Involved in all the accounting activates related to the tax and Zakat.
• Manage the controlling and financial reporting of projects in accordance with internal control rules (Budget, Cash Flow, Receivables)
• Ensure project accounting is in accordance with Company guidelines; define milestone and liaise with accounting for revenue recognition
• Organise the project reviews from start to the end of each contract
• Ensure consistency with project teams (Planner, Sourcing, …)
• Analyse the execution performance and propose action plans to improve contract margin and cash profile as well as corrective action plans to mitigate identified risks
• Support the Project Director and others project function as a finance partner
• Prepare in conjunction with the project team, the project review content and the periodical project financial presentation
• Understand the project documents and systems and actively manage financial implications arising from them.
• Produce all financial project reporting as requested (forecast cash flow, revenue gross margin, …)
• Ensure that all financial processes and internal controls, including DoA, are implemented, robust and compliant.
• Ensure the adequate establishment of the onshore projects in conjunction with the local finance team
• Control and have at all times full knowledge of all financial movements within the project scope, ensuring they are correctly and accurately reported. Reconcile the onshore or offshore project results both within the project accounts and with respect to balance sheet positions related to the project.
• Manage the interfaces with other expert functions such as tax, treasury, insurance, contract management
• Ensure total consistency of all internal and external claims in the project financials.
• Ensure consistency of assessment of risk recognition and accounting for any risks and opportunities in the projects. Support correct risk recognition valuation and associated reporting.
• Provide management with reliable financial data in order to assist in the decision-making.
• Ad-hoc reporting on project including special investigations of issues arising
Saudi Railways Company (SAR), 2/2012 - Present
Projects Accountant
My duties include interim payment certificates, Contracts review, Account payable, General Ledger, Account receivables,
• Review subcontract terms and limits to ensure prompt payment of invoices upon payment by client.
• Alert the Project Managers and Finance manger and Administration Director to any problems or issues in.
• On a regular basis, ensure that project reports are reviewed and checked for data quality.
• Working directly and promptly with Project Manager to correct any inaccuracies.
• Maintain property cash balances.
• Originates mortgage loans through solicitation of inbound leads, personal referral base, builder/developers and real estate brokers/agents by selling the company products.
• Educates customers about SHL home financing process and offer beneficial solutions and advice.
• Follows through loan process till closing by working within standardized methods/processes and utilize company standard rates as outlined by the sales manager.
• Achieve Sales targets set by management.
• Determine customer’s eligibility correctly by conducting preliminary customer analysis
• Submit complete home finance applications to Processing within established time frames set by management.
• Maintain open communication with customers and other business partners until the customer application closes.
• Negotiate the terms and conditions of the customer’s home financing request.
• Helps the applicants in completing information in the home financing application form.
• Performs and documents complete interview with applicants while obtaining and providing all required documentation as applicable to sales process.
• Establishes and/or maintains customer database.
• Provides regular feed back to the Sales Manager and share future plans of achievement.
• Performs and carries out duties as directed by the direct manager.
Coop trainee in finance Department working under the accounting manager and working as treasurer for more than 7 months.
• Review invoices, check requests, sort, organize and match bills and check demands.
• set invoices and check requests up for payment procedure
• Put together and Process Company accounts payable checks, wire exchanges and obligations, and reconciliation of obligations.
• Prepare assigned standard journal entries on monthly basis.
• Maintain general ledger accounts and its modules in SAP, and Record necessary monthly adjusting entries.
• Analyze various general ledger accounts to determine validity and accuracy.
Graduated from PSU with 2.22 GPA and 2.7 GPA major, on my last year on PSU i work in ALFAISALIAH GROUP HOLDING as coop trainee. Back at high school i took two intensive English courses in British council in Riyadh to improve my knowledge