Vice President, Finance & Administration
Badrahn Enterprises Co, Ltd. (Group of companies)
Total years of experience :26 years, 9 Months
Highlights:
Successfully managed the overall remit of statutory financial information, regulatory reporting, and budgetary reporting and management information, having significant involvement in financial planning, monitoring and analysis for the Group as a whole.
Proffered financial and commercial and operational support to the Managing Director of the Company and championed all financial administration, business planning, and budgeting for the organization.
Key Responsibilities:
Directing the organizations financial policies
Setting and leading strategies that increase the financial health of the business and
Making actionable recommendations to MD on both strategy and operations.
Analyzing detailed financial models of various financing structures and preparing business plans, feasibility study reports
Managing company's cash flow, annual budgeting, forecasting, financing & structuring
Evaluating monthly & quarterly reports of the subsidiaries companies.
Liaising with banks and other financial institutions to ensure cycle of efficient operational processing,
Preparing commentaries/executive summary, working capital projections and budget variance report.
Submitting month-end, quarter-end and year-end financial statements, management accounts and other reports/information to MD.
Performing internal controls evaluations to mitigate any deficiencies as per COSO framework.
Monitoring local tax / zakat compliance issues
Notify and report to senior management concerning any trends that are critical to the organization's financial performance.
Key Responsibilities:
Spearheaded development of business plans, accounts consolidation and financial control systems.
Analyzed potential risk and vulnerability for the business area in relation to operational factors of cost and quality.
Conducted cost and financial studies pertaining to specific area of business activity.
Implemented costing systems, ensured security of financial controls protection in accordance with industry changes to eliminate bottle-necks in financial systems
Providing leadership for all monthly, quarterly and annual management reporting.
Organized and managed departmental finances, cash flow, annual budgets
Structure financial strategies to assure smooth cash flow to properly controlling accounts receivable & payable, assets, expenses & revenue.
Analyzing internal controls and remove deficiencies as per COSO framework.
Variance analysis of budget and provide commentary for top management.
Highlights:
Provided strategic inputs in a project to streamline processes for the accounts receivable outstanding by following-up with all old payments and significantly improving the accounts receivable turnover favorably.
Key Responsibilities:
Managed all activities relating to accounting department
Ensured accuracy of accounting books and records.
Supervised preparation of annual budgets and business plan
Quarterly business review and variance analysis.
Finalization of accounts for the annual Audit.
Streamlined monthly, quarterly and annual reports.
Governed the organization’s operating, capital budgets, A/R, A/P and Cash Management systems.
Forecast vs. Actual variance reports for top management review.
Reviewed budget, revenue, expense, payroll entries, invoices, and other accounting documents.
Scrutinized figures, postings, and documents for accuracy and conformance to various accounting standards, policies and procedures.
Maintained financial security by establishing internal controls.
Mediated with banks, customers and suppliers
Ensured that all cheques / payments are supported by authorized invoices.
Deployed financial control system to ensure the financial performance of company activities in line with targeted KPIs.
Computed an array of financial statements, reports, reconciled bank cash flow statements, issued trial balance on monthly/quarterly/yearly basis,
Prepared financial statements, drew up financial reports reconciled
Assessed the accuracy, completeness, and conformance of financial statements to reporting and procedural standards.
Scrutinized figures, postings, and documents for accuracy and conformance to various accounting.
Managed accounts receivables and accounts payable
Carried out effective follow-up for accounts receivable and timely updated the same.
Supported the external audit and annual review process by preparing various schedules necessary to complete year-end audit.
Prepared a variety of financial statements/summaries, and established appropriate accounting procedures.
Course Content: • Planning, Budgeting and Forecasting • Performance Management • Cost Management • Internal Controls • Professional Ethics • Financial Statement Analysis • Corporate Finance • Decision Analysis and Risk Management • Investment Decisions
Course Content: • Framework for financial statement analysis. • Analysis of cash flows. • Financial ratio analysis. • Analysis of assets. • Capital budgeting. • The cost of capital. • Corporate governance of listed companies. • An introduction to portfolio management. • Organization and functioning of securities markets. • Security-market indexes. • Capital market efficiency.
Other Trainings & Certifications: • The new tax system (Saudi Arabia ) • Manual Accounting Diploma. • Financial Analysis Diploma. • Banks Applications Diploma.
