Finance & S. Ch. Director
Ak Group
مجموع سنوات الخبرة :24 years, 10 أشهر
AK Group - GCC.
•Manage the accounting, human resources, investor relations, legal, tax, and treasury departments.
•Drive the company’s financial planning & Decide on investment strategies.
•Perform risk management by analyzing the organization’s liabilities and investments.
• Develop strong internal controls and policy framework.
• Monitor and direct the implementation of strategic business plans.
•Ensure cash flow is appropriate for the organization’s operations.
•Led efforts to document general accounting and treasury policies and procedures; issued standard, company-wide policy and procedures manual.
• Supervise the implementation of the company ERP- system.
•Ensure all transactions compliance with the law and company’s policies.
Assist in formulating the company’s future direction and supporting tactical initiatives .
•Monitor and direct the implementation of strategic business plans.
•Prepare strategic business plans for potential new projects and analyze the feasibility
•Construct and monitor reliable control systems, develop financial strategies.
•Manage the capital request and budgeting processes.
•Managing the Accounting department, controlling the overall Working Capital Management
•Develop performance measures that support the company’s strategic direction.
•Manage the accounting, investor relations, legal, and treasury matters
•Oversee the financial operations of subsidiary companies and foreign operations.
•Cash flow Management, balance sheet, P&L.
•Maintain banking relationships...
• Prepared company’s strategic plan in the most effective and efficient manner, articulated annual business plans, and presented the same to the Board for approval.
• Monitored overall performance and management of the company’s business under delegated authority from the Board.
• Maneuvered the existing business forward by identifying new, profitable opportunities and converted them into commercial contracts to achieve/surpass the established KPIs.
• Ascertained that proper internal audit processes/procedures are in place, and devised risk management plans to minimize business and finance risks.
• Monitored the execution of strategic sales/marketing plans targeted at capitalizing existing client base within established time frames/budgets.
• Scrutinized budgets, overheads and implemented key strategic decisions to reduce costs. Maximized leverage of brand equity by shelving products with low margins and introducing new products.
• Spearheaded the entire gamut of operations of all departments including HR, sales, marketing, finance, purchase, production and logistics, and ensured smooth execution of the work.
• Enforced strict adherence to respective budgetary guidelines, effected cost reductions, monitored logistics, controlled cash flow, negotiated payment and credit lines with financial institutions, customers, outsourcing agents in close coordination with heads of various departments.
• Kept close tabs on market dynamics. Collated information and formulated strategies to optimize performance parameters and business outputs
• Prepared annual budget guidelines to optimize projects cash flows, managed working capital requirements, and reorganized processes for optimal utilization of financial structures..
• Scrutinized operational and maintenance cost estimates, whilst ascertaining achievement of established KPIs included in the budgets.
• Formulated and implemented financial and administrative policies/procedures with primary focus on establishing internal controls to ensure optimal utilization of company resources.
• Provided consultative support to planning and policy-making. Developed and directed the implementation of strategic business operational plans, projects and programs to include budgeting, real estate, inventory and conservation of assets.
• Analyzed capital structure, determined best mix of debt, equity and internal financing, resolved issues surrounding capital structure, identified/assessed areas of risk or control weakness and took actions to mitigate loss.
• Identified requirement of workforce, conducted training sessions to develop highly proficient accounting/finance team to achieve defined targets.
• Evaluated revenue and expenses to determine accuracy and ensured all transactions are managed appropriately.
Oversight and management responsibilities include all areas of finance, asset structure, capitalization, earnings, cash flow, investments, banking, risk, agencies, investment houses, banks, financial auditors and financial regulators, governmental compliance, IT, HR, Credit, Cash Mgt., legal support, and procurement dept.
•Implementing new credit policy \ procedures of processing the orders which played an active role in saving $1.5 M.
•Played a key role in steering and restructure the departments in the organization which resulting in the augmentation of the processing of orders by 18% and marketing by 8%.
•Efficiently improved customer satisfaction and increased effectiveness of operation by establishing merchandise performance standards to 90%..
•Instrumental in analyzing and implementing cost control methods by reducing rejected and returned material resulting in increase of profits 3%. Also reduced the financial closing cycle from 14 days to 5 days.
Manufacturing and Production
• Directed a team of highly qualified finance professionals in planning and evaluating Finance Department operations and implemented control measures to ensure economic viability and operating efficiency.
• Spearheaded the development and implementation of group accounts consolidation, financial policies, procedures and systems including general ledger, accounts payable, cost accounting and financial reporting for senior management to ensure maximize/optimized cash flow and streamline budgets.
• Computed operational and maintenance cost estimates. Devised budgets and effected cost cutting measures in coordination with line managers to maintain adherence to objectives and deliver quality service.
• Prepared and reviewed Profit & Loss and associated financial statements, summaries, and other cost-benefit analysis and drafted financial management reports as per organizational policies and procedures.
• Provided monthly reports to the executive director and Board of Directors, including cash flow, financial benchmarks and long-term financial forecasts. Key Responsibilities as Administration Manager:
• Led all HR, administrative and compliance issues, public relation unit, security and safety, secretariat and administration as per organizational standards.
• Oversaw all elements critical to the success of the HR; namely front-end and needs analysis, job postings, sourcing, interviewing and employee offers.• Audited supplier invoices against company raised purchase orders in line with company reporting rules and international accounting standards.
• Managed all facets of administration, extensively liaised within and outside the company for resolving issues related to human resources, facilities and operations.
•Collect and analyze data to detect deficient controls, duplicated transactions, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
• Prepare detailed reports on audit findings: Inventory, cash, notes receivable and payable, negotiable securities and canceled checks to confirm records are accurate.
•Inspect accounting books and systems for efficiency, effectiveness, and use of accepted accounting principles and procedures to record transactions.
courses: Associated Certificates Zakat , Tax & Legal Strategic Financial Leadership Course. VAT CA.- FASB- Advance Managerial Accounting: UK. …+ .other courses. Certified Riyadh , Nov. 2015.
courses: Associated Certificates Zakat , Tax & Legal Strategic Financial Leadership Course. VAT CA.- FASB- Advance Managerial Accounting: UK. …+ .other courses. Certified Riyadh , Nov. 2015.
courses: Jun. 2016. Dubai Apr. 2017. CFA Chartered Financial Analyst. Aug.2016. Global Supply Chain TRAX Consulting . Khobar KSA. Mach. 2018.