Cfo
ICS
Total years of experience :23 years, 3 Months
- Established finance and accounting Policies and Procedures for ADEC Group and its Subsidiaries.
- Attending the board of director's quarterly and annual meetings to present the financial results as well as The General Assembly meeting.
- Attending executive committee meeting as well as audit committee meeting to discuss the monthly and quarterly financial statements as well as budgets
- Assign roles and responsibilities as well recruitment and termination related to Finance Departments which was consist of 9 employees reporting to me through accounting supervisor and financial managers in ADEC (Holding) as well as its subsidiaries Zidny (Training Centers) Ajialuna (Schools) AREES (Real Estate)
- Ensure that all financial data of the company complies with all the relevant regulatory and reporting requirements.
- Ensure that all Financial Reporting data is provided in a timely and accurate time frame
- Able to motivate and influence others from a diversity of cultural backgrounds and be attentive to employee’s professional development and career advancement
- Determine any potential risks associated with any upcoming deals
- Improve, develop and implement financial reporting and follow-up procedures
- Preparing consolidated financial statement for ADEC Group.
- Follow up All Subsidiaries and Affiliated Companies
- Follow up All Foreign Investments (Trade, AFS, Equity) and reflect its impact
- Active Participating in the process of acquisition of companies in terms of assessment and examination
- Preparing Financial and Operation Budget Including (Cash Budget, Capital Budget, Sales Budget)
- Support efficient management of working capital and cash flow
- Carryout Funds Analysis to facilitate the projected acquisitions/expenditures
- Authorized Sign for All Bank Documents and Checks.
- Preparing & Audit All Bank Deposits and Investments.
- Coordinate & Flow Work between finance department
- Preparing Monthly Financial Statements & Financial Analysis
- Communicate with company’s internal and external auditors, the preparation and review of financial statements
- Establish and maintain effective relationships with banks and maintain accurate and updated database of bank guarantees at all times
- Managing all Banks Accounts Through Banking Online Service (Transfers, Deposits)
Manager of Implementation Of Microsoft Dynamics GP 10 (ERP Software)
Create Chart Of Account
Responsible for Banks Transaction ( Financing, LC's, LG, s and Loans)
Responsible for Saudi Industrial Development Fund Transactions For Loans and its settlements
Financial statements (Balance Sheet, Income Statement, Cash Flow, Owner's Equity
Calculate Production Cost and Profit Margin for all Products
Control Inventories (Finished Goods Inventory, Raw Materials Inventory, Consumables and Spare Parts Inventory
Analysis Financial Statements
Flow up Vendors and Payment terms
Flow up Customers Credit Limits, and Policy of Collection
Determine Problems and Solve it with administration
Flow up Fixed Assets and its Depreciations
Cost Accounting and Pricing Support
Assist the financial Manager in developing the cost accounting structure as per Group guidelines
Manage the day-to-day cost accounting function from the management of indirect pool rates and allocations, to pricing support, to product and geographic profitability analysis.
Assist the financial manager in expansion projects such as Business Plan proposals, acquisition due diligence
Conducting reviews and evaluations for cost-reduction opportunities
Preparing accounts and reconciling balance sheets
Monitoring cash flow
Supervising other staff
MIS reports monthly
Preparing Monthly Financial Statements.
Auditing & Review Financial Statements with Certified Public Accountant.
Auditing Of All Branches Accounts ((62 Branch)).
Supervise the inventory movements including purchases, transfers and sales transactions.
Follow up and supervise accounts receivable and follow up the credit sales policies.
Supervise the foreign purchases costing before being posted.
Follow up accounts payable (creditors and local supplier) and prepare the required reconciliation.
Managing the foreign payables accounts, make the required correspondence with them and prepare its reconciliation.
Follow up fixed assets accounts and its depreciation.
Supervise showroom sales including all cash transactions.
Provide the top management with the needed reports to support the critical decisions.
Prepare monthly cash flow statement.
Prepare all personnel Accounts (Payroll) and calculating all related expenses (Housing, leave, indemnity and social insurance).
Follow up the prepaid expenses and amortize it when accrued.
Assist the financial management in preparing the company cash flow projections.
Follow up bad debts.
Process all L.C and ensure compliance to the contract
Follow up Inventory
Recording Journal Entries.
Follow up prepaid expenses.
Follow up Accounts Receivables.
Follow up Accounts Payable.
Follow up subcontracts and matching their invoices with the contracts with them.
Review the quantity of table.
Follow up petty cash.
Assist in inventory physical count.
Make bank reconciliation.