Finance & Support Services Director
Al Mazroui Engineering Co
Total des années d'expérience :21 years, 6 Mois
− Preparing financial objectives and implementing reliable forecasting tools (PL, cash flow, and balance sheet), steering monthly closing and presenting performance reviews, controlling CAPEX approval and compliance with allocated budget, and organizing external audit documentation and financial reports.
− Overseeing the administrative and HR teams, devising and implementing business process improvement initiatives, standardizing finance and accounting processes and procedures, identifying deficiencies and developing guidelines corresponding to the company's rapid growth, and enforcing changes to increase profitability and optimize costs.
− Introducing internal controls of critical financial areas and proposing corrective actions to highlight risks and deficiencies, suggesting budgetary changes to increase company profits, collecting and reporting monthly expense variances and explanations, and creating periodic reports comparing budgeted costs to actual costs.
− Maintaining fixed asset modules, calculating and recording monthly depreciation expenses, generating financial statements and consolidations for several subsidiaries, facilitating monthly closing account procedures and accurate periodic financial statements, and compiling financial reports of cash receipts, expenditures, and profit and loss.
− Developing ad-hoc studies and analysis for cost structure reviews, benchmarking, corrective action plan proposals, audits, financial business control, and overseeing financial planning and analysis, developing financial business plans and business drivers, and providing transformational analysis of business financial performance.
− Developed financial strategies that adhere to corporate policies and International Financial Reporting Standards (IFRS), applied financial controls to guarantee effective financial management, oversaw month-end closing results, identified concerns, and evaluated monthly results against budget, forecast, variance reports, business financial metrics, and KPIs.
− Directed and controlled the annual budget, financial forecasts, and cash flows, achieved objectives by scheduling expenditures, analyzing variances, and initiating corrective actions, and prepared insightful reports to support management decision-making and identify significant trends.
− Led the cash management function, developed a review-and-improve process, assessed the reliability of systems and processes, drove functional and business process improvements and productivity projects, and provided performance reporting tools and recommendations to management to optimize business results.
− Applied system development and continuous process improvement methodologies to maintain and improve finance applications, analyzed business processes, developed cost-saving controls, and generated sound financial assessments of new contracts to address financial risks.
− Prepared management reporting requirements by incorporating and evaluating all key performance indicators to follow business profitability and drivers, ensured operational areas were managed efficiently to maintain a low administrative cost, and prepared the annual budget forecasts and cash flow analysis.
− Created and implemented an annual audit plan identifying areas and functions to be audited and assessed the adequacy, reliability, and effectiveness of internal controls systems, processes, and procedures for all business units.
− Developed and maintained an Internal Audit Charter that reflected the office's responsibilities, authorities, and reporting relationships and reviewed the degree of compliance with established policies, procedures, and applicable law.
− Conducted scheduled and special audits, provided recommendations for improvement, reported audit findings to management, and established an internal controls system.
− Developed the accounting system, sat Charts of Accounts, provided monthly reports to management, and implemented and ensured compliance with the company's financial and accounting policies and procedures.
− Oversaw the invoicing system, A/R and A/P processes, and accruals posting activity every month, and assisted in preparing budgets for business units, and prepared budget variance reports and analysis.
− Prepared financial analysis report (financial ratio), maintained liquidity situation by (cash flows & aging report), and followed up on bank transactions and accounts management; Bank reconciliation, investment, shares, LCs, and bank deposits.