Financial Consultant
Self Employeed
Total years of experience :25 years, 3 Months
At present I am managing my investments in Real Estate, Stock Markets and Mutual Funds.
I am also working as Financial Consultant for my Clients (Corporates and Individuals) in setting up businesses, especially in setting up finance and accounts departments, selection and implementation of ERPs, arrangement of funding from different banks and financial institutions. Assisting and guiding them about financial risk, business process review and redesigning, identifying and prioritizing business requirements, development of cost/benefit analysis and business cases, tax and deal advisory and management consulting services in order to help them accomplish their financial goals.
Key Successes Include:
• Developing financial plans to help Clients to achieve their long and short-term financial goals.
• Designing organization structure to the best market practice.
• Developing internal controls, financials policies and procedures, authority matrix, JDs and KPIs as per the needs of Clients.
• Setting up the due diligence processes for onboarding new counterparties and correspondent banks in accordance with the market best practice.
• Assisting Clients in the preparation of technical & financial proposals.
• Development of complex dynamic financial models and valuation analysis.
• Assisting Clients with internal and external parties to drive IM, PPM, due diligence, and deal execution (from origination to closing stages).
• Management of Clients funds and changing of weights of investments and identifying the potential exit points.
• Solving business problems and drive growth for Clients through digital transformation.
• Advising Clients on data management and risk measurement infrastructure strategies.
• Supporting Clients in any ad-hoc assignment to be mandated.
Reporting to the CEO, managing the finance departments of Rafid Steel Industries and NASAB for Contracting.
Organizing BOD & Steering Committee Meetings for corporate regulatory & quoted company reporting & review process, advising Board on the financial decision making & rolling forecast.
Management & reviewing of Company's treasure position.
Analyzing & reviewing monthly & periodic results with lines of businesses (SBU & location) reviewing of periodic cash flows.
Key Successes Include:
•Negotiated & arranged funded & non-funded financial facilities from NCB Riyadh Bank and ANB.
•Restructuring of Finance Department
•Monitoring spending against approved budgets & reporting variances on monthly basis.
•Participated in new projects at proposal stage to assess financial, commercial & contractual risks, suggesting payment terms suitable to project’s need, preparing projected cash flow to asses financial viability of the project.
•Implemented the business planning, budgeting & forecasting processes.
•ERP (Focus i) Selection and implementation.
Al Rajhi Projects & Construction operates as main contractor in the UAE & KSA. The company’s capabilities include Construction & upstream activities.
Reporting to the CEO, managing the finance departments of UAE & KSA which include overall finance, treasury, reporting, business planning & forecasting, budgeting, auditing & decision making functions.
Organizing BOD & Steering Committee Meetings for corporate regulatory & quoted company reporting & review process, advising Board on the financial decision making & rolling forecast.
Management & reviewing of Company's treasure position.
Analyzing & reviewing monthly & periodic results with lines of businesses (SBU & location) reviewing of periodic cash flows.
Preparing, reviewing and Issuance of monthly financial statements & monthly cost status reports of ongoing projects of all companies of the group.
Key Successes Include:
• Negotiated & arranged funded & non-funded financial facilities of almost SAR. 1.0 BN for KSA.
• Successfully managed financial operations of UAE & KSA projects to earn a revenue of USD $ 2.5 BN.
• Undertook long & short term financial planning of Company including projects execution methodology.
• Monitoring spending against approved budgets & reporting variances on monthly basis.
• Actively involved with Project execution team for continuous updating of latest forecast of projects cost at completion to initiate course correction at earliest possible stage.
• Participated in new projects at proposal stage to assess financial, commercial & contractual risks, suggesting payment terms suitable to project’s need, preparing projected cash flow to asses financial viability of the project.
• Negotiated with major vendors increasing the project profitability by improving the milestone payments thereby decreasing financing costs.
• Enhanced Travel and entertainment policies that resulted in decrease of actual travel costs vs. budgeted increasing profitability of projects
• Implemented the business planning, budgeting & forecasting processes. Lead ERP selection & implementation committee.
• Built & managed International & multi-site finance team across multiple sectors.
• Successfully managed to convert the Foreign Branch (UAE) into local (Saudi) LLC within a short period of time to avoid Tax @ 20% (being foreign branch in KSA) to Zakat @ 2.5%.
• Timely completed annual external audit of each legal entity within the company liaising with all lines of business (LOB) and obtaining on time final Zakat certificate from DZIT.
The IKK Group is a diversified group in terms of products, services & geography operating in the fields of trading, manufacturing & contracting.
Reporting to GM, CFO & managed the finance department. Financial reporting, budgeting, equity & debt management (Arranging funds, L/Cs & L/Gs, short & medium term bank loans, L/Cs Refinancing).
Preparation & finalization of the company’s annual budget & financial reports & act as the point of contact for Lawyers, Banks, Authorities, & External Auditors.
Managed day to day liquidity position of the company by ensuring appropriate debtors / creditors procedures and functions were fallowed in accordance with policies & authority matrix.
Key Successes Include:
• Reorganized finance & Accounts departments within three months for higher efficiency and controls.
• Developed financial & management reports for BOD & company share / stake holders.
• Improved cash flow by improving receivable collection procedures & implementing strict credit lines.
• Identified, quantified and proposed significant customer contract variations resulting in higher billing.
• Arranged project finance of SAR. 150 MN from Saudi Investment Bank for KAUST project.
• Drew accounting policies & practices according to IFRS & implemented system of internal controls.
• Negotiated funded & non funded bank facilities of SAR. 850 MN from all commercial Banks in KSA.
• Developed BI facilities management system to maintain bank facilities in the most efficient way.
• Implemented & utilized ERP Microsoft Axapta core modules.
CFO / UBS Swiss Investment Bank-DMHI, KSA Jan 2006 - Aug 2007
Finance Manager / Dasman Food Company (A Franchisee of Saudi Fisheries) Nov 2002 - Jan 2006
* Earned several promotions, from Finance Manager to CFO.
CFO (DMHI - UBS KSA)
A local Saudi Investment Bank which was merge into UBS (Swiss Investment Bank) & become UBS Saudi Arabia.
Key Successes Include:
• Developed the finance & accounting department from scratch & implemented efficient budgeting policies & procedures.
• Successfully designed and implemented the periodic financial & management reporting & financial controls procedures with compliance environment.
• Implemented new ERP Exchequer & developed efficient FA management policies & procedures.
• Acquired license for myself & other authorized persons from Capital Management Authority (CMA).
• Key member of the team who was involved in arrangement of an agreement with UBS (Swiss Bank) as partner of DMHI.
Finance Manager (Dasman Food Company Franchisee of Saudi Fisheries Company)
Formulated & implemented company’s accounting policies, financial management strategies, standards, policies & procedures. Supervised monthly or weekly reports that include accounts payable & receivable reconciliation, cash flow, income statement & balance sheet.
Key Successes Include:
• Acquired 47 retail outlets franchise of Saudi Fisheries worth SAR. 50 Mn.
• Developed the finance department & implemented planning, budgeting & forecasting processes.
• Designed & implemented periodic financial & management reporting system.
• Intelligently developed Inventory control system which successfully maintain un-controlled Inventory & brought down the cost of sales by 70% and increase EBIT substantially.
Developed procedures of internal controls, for smooth & effective operations.
Reviewed aging analysis, debtors control with consistent follow up with the customers.
Reviewed reconciliation of A/R & A/P with general ledger books on monthly basis.
Monitored monthly payroll of the company.
Production of cash flow, income statement, balance sheet & management reports monthly, quarterly & yearly basis.
Handed income tax return matters of company.
Coordinated with external & internal auditors.
CIMA
Attend 2 month training course for the Role of CFO at MerchantBridge Head Office London Uk
ACMA
I have done Bachelors in Commerce from Punjab University Lahore in First Division.
6 Months Diploma in Computer Application
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