Saleh Almadi

SUMMARY

Senior financial executive and Chief Financial Officer with more than 30 years of total experience, with international background in business . Highly knowledgeable and familiar with all aspects of corporate finance, including Internal audit, external audit, forecasting, business plan development, and purchasing. Adept at negotiating contract and producing dramatic increases in revenue. Background in developing and implementing financial structure for startup organizations. Able formulate and establish policies, and strategies.
Outstanding presentation and communication

Key Responsibilities
• Develop, implement, and ensure compliance with internal financial and accounting policies and procedures.
• Approved all supporting information for the annual audit and liaise with the Board's Audit Committee and the external auditors as necessary.
• Directs and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash
• Manage the cash flow and prepare cash flow forecasts in accordance with policy
• Manage and oversee the book keeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll
• Directs and oversees for preparation of holistic annual budgets to cater financial needs of different departments, ensuring the budget is adequate enough for them to meet their financial needs.
• Lead the company to negotiate with Bank for lines of credit or other financial services as required and appropriate.
• Directs and oversees the HR and Admin activities and functions, including HR planning, recruitment, compensation and benefits, training and career development, performance assessment, personnel administration and the government relations.
• Negotiate and manage the employee medical insurance and benefits plans.

Key Responsibilities:

Responsible for providing leadership to the operating companies.
• Ensuring sustainable growth and profitatbility.
• Creating a strategic directions and plans.
• Establishing a high performance organization.
• Formulate, create and execute a vision, mission
and values for the company.
• Creating and maintaining harmony and synergy
between operating companies.
• Full responsibility of the company P&L and all
personnel & administrative guidelines and
procedures.
• Responsible for managing day-to-day of all
company departments.
• Planned, designed and executed strategic
business directions covering; financial
requirements and capital investments, HR and
personnel, operations, IT, logistics and
warehousing.
• Restructured and reengineered HR and
financial policies and guidelines.
• Optimized effective communications across all
functions.
• Improved Cash Flow to pay all company
financial obligations on time and reduced
reliance on bank credit lines.
• Chairman of the Steering Committee for
evaluating and implementing ORACLE ERP
System.
• Resolved challenging pending Zakat (Tax) and
Saudization issues

Responsible in directing and managing in the sales of consulting services to clients across Saudi Arabia . Direct structuring, planning and managing various management consultancy services.
Participates as a team leader in delivering consulting services projects in areas such as:
- Business Strategy Development and Implementation
- Business Policies and Procedures Development
- Implementation for Various Functions (Finance, Human Resources and Logistics).

•Directs and oversees all the Finance & Administration activities and functions.
•Preparation and presentation of the Company Monthly and Annual Financial Statements.
•Maintain Good Relations with Banks through which the Company conducts its business.

Directing and managing the financial affairs of the company and ensuring the financial status to finance expansion, acquisition and other operating requirements. Directs finance dept., in the preparation and completion of budget requirements of all units, entities and subsidiaries. Monitors collection of receivable and prompt settlement of outstanding obligation with suppliers, banks and financial intermediaries. Directs and oversees the preparation and presentation of the consolidated financial statements to the Board and Management.

Responsibility includes preparation of budget projections and budgetary control for the overall operations of the company. Monitors compliance of budget limits and analyze various variances and pinpoint underlying reasons of the occurrence of variance. Prepare variance analysis and report to the management for decision making.