مدير مالي لمجموعة شركات عصام الاقتصادية
Isam Economic Company
Total years of experience :32 years, 4 Months
companies.
• Monthly financial reports (including project profit and loss, project balance sheet, project variance analysis, etc.).
• Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met
• Prepare project annual budget & quarterly forecasts in collaboration with project management team (site, overhead costs and capital expenditures, project capital assets employed).
• Responsible for managing all matters pertaining to Finance.
• Financial Planning, MIS, Budgeting, Cash Flow Projections,
• Responsible for ensuring integrity, accuracy and completeness of financial data.
• Supervising filing of statutory returns to regulatory authorities
• Reviewing / preparing management and financial reports for the Co / Group and tax computations / compliances etc
• Adheres to tax laws and regulatory compliance to properly reflect the financial position of the group of companies.
• Extensive Financial Experience in Hospitality Accounting operations, and Hospitality Management.
• Providing and directing procedures and computer application systems necessary to maintain proper records and to afford adequate accounting.
Direct the company's financial planning and accounting practices as well as its relationship with lending institutions, shareholders, and the financial community by performing the following duties personally or through subordinate managers.
• Direct the activities such as custodian of funds, securities, and assets of the organization.
• Appraise the company's financial position and issue periodic reports on the company's financial stability, liquidity, and growth.
• Coordinate tax reporting programs and investor relations activities.
• Analyze, consolidate and direct all cost accounting procedures together with other statistical and routine reports.
• Oversee and direct the preparation and issuance of the company's annual report.
• Direct and analyze studies of general economic, business, and financial conditions and their impact on the company's policies and operations.
• Analyze operational issues impacting functional groups and the whole institution, and determine their financial impact.
• Evaluate and recommend business partnering opportunities.
Direct and coordinate financial activities of workers in a branch office, or department,
Such as branch bank, brokerage firm, risk and insurance department, or credit department
Approve, reject, or coordinate the approval or rejection of lines of credit or commercial or personal loans.
• Establish and maintain relationships with individuals or business customers or provide assistance with problems these customers may encounter;
ISAM ECONOMIC GROUP OF COMPANIES
ISAM MEDICAL COMPANY (JOHSON&JOHNSON) EXCLOSIVE DISTRIBUTER
ISAM COMMERCIAL COMPANY
ISAM RETAILS COMPANY
ISAM PHARMACIES
ISAM TOURS ( HOTELS MANAGEMENT)
ISAM HOSBITALS
OSOOL REAL ESTATE COMPANY
ISAM SCHOOLS
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As a
FINANCE :-
•Pulled the unit cost down from SAR 24.68 / Kg to SAR 3.27 / Kg by following different strategies (1) utilizing the idle capacity i.e. the production capacity was 10%. Increased to 120% (2) Introduction of piece work instead of overtime (3) Change the suppliers for the raw materials and service providers (4) Increasing the Kiln Speed from 24 hours to 13 hours.
•Analyzing bank fees and adopting some control (measures would minimize the amount of cash lost by the company to the bank charges.
•Assessing current and potential risks and advising the management on the necessary precautionary measures.
•Handling valuations, asset management
•Development of new procedures supporting the cash position of the company
•Dealing with foreign exchange and other money market tools
•Providing all SIDF reports and requirements
•Develop and customize e MIS ERP with MIS department.
•Risk identification, assessment, reduction, management and avoidance.
•Identify measure and control operational and the company risks.
•Manage various risks which may threaten the success of the company and propose methodologies to eliminate or minimize them
•Predict the future trends from the current market development and recommend and plan strategies.
•Maintain day-to-day financial control of the company within the budget.
•Develop the company funding base to secure present and future goals.
•Liaise and negotiate, as appropriate, with the funding authority.
•Maintain appropriate relations with the funders and make reports as necessary, ensuring compliances with any contracts.
Monitor and assess the business development plan.
Ensure that all finances are properly administered and monitor including credit controls. Advise on proper allocation of resources.
•Ensure that appropriate financial regulations and control are in place and in use at all times.
Make regular reports to the top management on income expenditures and variations from budget.
•Maintain good relationships with customers as well as sales people.
•Manage monthly forecasting process
•Draft analyze and maintain financial statements and reports .
•Publish the quarterly financial statements on time and accurate basis .
• Prepare ad-hoc analysis and reports as required. .
• Manage the annual budgeting process.
•Provide accurate cash-flow projection
•Lead on any recommendations that are suggested in the audit report or management letter.
•Act as the first point of contact for the auditors and communicate with them to ensure all questions can be answered efficiently.
•Service as a key point of contact for external auditors manage preparation and support of all external audits
•Support the company’s fund raising efforts through the provision of information and reports.
•Maintain effective working relationships with the company external partners.
•Ensure timely payment of debtors and invoicing of creditors.
•Develop and manage accounting staff
•Coordinate, audit and proper filing of Zakat and tax.
•Manage the production of the annual reports and accounts and the associated supporting evidence and reconciliations to ensure that the company receives a clean audit report
•Oversee weekly cash management Approve weekly payable, execute check signing
•Oversee AR management and provide support to collections activities
•Represents the company in efforts with banks and potential investors
•Manage the company insurance program
•Manage the company legal affair in the areas of claims. Insurance claims s
:-
•Implemented integrated cost accounting system with general accounting in online AS400 software using RPG Language.
•Preparation of accurate and timely reports to evaluate and control the company operation
•Ensure all facts are available to assure that any decision reached is best possible under the circumstances.
•Coordination and review of profit plan
•Identifying targets of opportunity and potential areas of weakness
•Evaluation of proposed and alternate expenditure on long -term project.
•The use of life cycle and target costing to study pre-production and post-production cost.
•Identification and reporting of abnormal waste for corrective action.
•Tracking inefficiencies and try to have the maximum utilization of idle capacity.
•Oversee the annual insurance renewal process and ensure appropriate coverage is maintained at all times.
•Ensure appropriate legal review of contracts and solicit external legal advice as required
• Manage the payroll function ensuring efficient system process and controls.
•Manage the financial system, ensuring maximum productivity and that it meets the needs of business today and the future.
•Oversee the continuous improvement of accounting and financial processes and the development of team with the goal to achieve best practices and optimal output.
•Develop and oversee accounting policies and procedures to meet both current and future business models.
•Ensure the foundation is in compliance with all internal policies and relevant regulations and ensure filings are completed in a timely manner.
•Develop and oversee the internal review function to ensure that finance and operations control and policies are complied with, and ensure effective follow up processes are in place.
:-
•Developed a very good computerized costing system for the company’s different factories and products.
•Preparation of unit cost reports for the company different products.
•Preparation of monthly cost and management report
•Implementation of different costing systems for the company, different factories and plans like standards costing, full absorption costing, operational costing, job order and process costing.
•The direct (variable) costing for the internal reporting and full absorption costing for external reporting.
•Introduced responsibility accounting and segment reporting
•Preparation of manufacturing accounts for the company, different factories and plants.
Share in preparation of the company budget with financial planning and follow up department.
Implementation of activity based costing / management (ABC /M) using cost drivers, cost and effect relationship and ability to bear etc.
•Assess the company performance against both annual budget and the company long-term strategy
•Develop tools and systems to provide critical financial and operational information and make actionable recommendations on both strategy and operations
•Oversee long-term budgetary planning and costs management in alignment with the company strategic plan
•Prepare and maintain regular financial planning reports monthly P&L, forecast by (division versus budget) cash flow forecast.
•Complete analysis of financial results develop recommendations (strategic and tactical)
•Develop and execute analysis of various business initiatives (e g., opening new operations, asset acquisition, new service launches)
•Develop and maintain capital budget
•Assist in development of financial planning and analysis exercise reports
•Participate in calls with vendors
•Oversee preparation of month - end, quarter - end and year - end financial statements
•Review all month - end closing activities including GL maintenance, balance sheet reconciliations and corporate/ overhead cost allocation.
•Enhance and implement financial and accounting systems, processes, tools and control systems.
•Service as final point of escalation for AR/AP issues
•Prepare, develop and analyze management accounting information.
•Provide high quality support service to line managers in the company
•Producing weekly, monthly and quarterly management report to senior managers
•Analyzing variances and exploring potential problems with line managers
•Making appropriate recommendations and advising of the impact on the business
•Improving the systems surrounding all aspects of the company’s budgets, forecasts, and business pl SAUDI CERAMIC WATER HEATERaccounting
•Break Even Point (BEP) analysis for single and multiple products
•The use of contribution margin (CM) reporting
•General Accounting and internal auditing
•Budgeting as budget analyst: Variance analysis and reporting to responsible divisional managers.
•The use of management by objectives (MBO) as a Budgeting process.
courses: Certified Public Accountant California Board OF Accountancy ( CPA
نظام محاسبة التكاليف شركة سنابل للالبان نظام محاسبة التكاليف لشركة الراجحي للصناعات نظام محاسبة التكاليف لشركة الخزف السعودي نظام محاسبة التكاليف لشركة صدق للصناعات الخرفية (خزفية) تاسيس شركة اصول العربية دراسة جدوي لشركة الراحجي للاسمدة عمل نظام (ERP) متكامل مع شركة هندية شركة الرودماب