Group Finance Director (also Director for HR from 2005- 2009)
SHOAIBI GROUP
Total years of experience :40 years, 5 Months
Key Areas of responsibility including but not limited to:
• Provide leadership and direction to the finance team
• Cater to short/long term funding requirements & Investments of the group/JV’s
• Represent Shoaibi group externally,
* Build and maintain relationships with key stakeholders
• Ensure compliance with the auditing/ reporting requirements
• Carry out feasibility studies on new projects • Anayze KPI’s across the portfolio
• Improve processes, profit and operations
• Support formation of JV’s and ongoing requirements in Banking, Finance, Commercial and HR matters, depending on the Service Level Agreements
at Shoaibi Group, headquartered in Al Khobar, Saudi Arabia with operations and investments across the Middle East and extending to North Africa, Europe & North America, with a turnover in excess of SR 2 Billion
Through its international partners, joint ventures, and subsidiaries Shoaibi Group operates in manufacturing, services, product distribution, and investment predominately for the oil, gas and petrochemical sector across the MENA region.
Shoaibi Group is also an active venture capital and private equity investor in the financial services and telecommunications sector, both regionally and internationally and is a founder investor in Gulf Capital, Gulf One Bank, Kalaam Telecom, Saffar Capital, Venture Capital Bank, Walaa Insurance and OakField Capital Partners
KEY FUNCTIONS:
A. Planning
1. Assist in formulating the company's future direction and supporting tactical initiatives
2. Monitor and direct the implementation of strategic business plans
3. Develop financial strategies
4. Manage the capital request and budgeting processes
5. Develop performance measures that support the company's strategic direction
B. Operations
1. Participate in key decisions as a member of the executive management team
2. Maintain in-depth relations with all members of the management
team
3. Manage the accounting, investor relations, tax, and treasury departments
4. Oversee the financial operations of subsidiary companies and foreign operations
5. Oversee the company's transaction processing systems
6. Supervise acquisition/ divestiture, assist due diligence and negotiation
C. Financial Information
1.Oversee the issuance of financial information
2. Report financial results to the board of directors
D. Risk Management
1. Understand and mitigate key elements of the company's risk profile
2. Monitor all open legal issues involving the company, and legal issues affecting the industry
3. Construct and monitor reliable control systems
4. Maintain appropriate insurance coverage
5. Ensure that the company complies with all legal and regulatory requirements
6. Ensure that record keeping meets the requirements of auditors
7 Maintain relations with external auditors and investigate their findings and recommendations
E. Funding
1. Monitor cash balances and cash forecasts
2. Arrange for debt and equity financing
3. Invest funds
4.Maintain proactive banking relationships
F. Human Resource
1.Recruitment &Training,
2, Performance Management, Succession planning, Talent Retention & Change management
3.Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
Manage a one-stop shop for all corporate services such as:software training, placement services, courier, event management, telemarketing etc
- Full responsibility for P&L
- Business development
- Provide leadership and direction to the executive team
- Improve processes, profit and operations
June 1981- June 1997: Worked as Finance Manager with a Multinational Multidivisional Manufacturing Company in Dammam Saudi Arabia.
Responsible for Planning, Organizing and Coordination of the Accounting and Financial activities including: • Treasury and Banking
• Corporate Finance
• Preparation and Interpretation of Accounting Information
• Financial Reports
• Statistics
• MIS
• Accounting Policies and Procedure
• Budget
• Costing
• Feasibility Studies
Cash Counter - Receipts & Payments
Clearing Checks
Inter-Bank Reconciliation
Foreign Exchange transactions
- liaison with the corporate clients & contractors
- Assist Site Engineers/ Inspectors with scheduling power
connections
- Keep track of defaulters
- Ensure timely re-connections after settlement of dues by consumers
✓ Post Graduation, Masters in Commerce, from Bombay University with Economics, International Trade & Cost Accounting as Principle Subjects.
✓ Graduation, Bachelor of Commerce, from Bombay University with Advanced Accounting and Auditing as Principle subjects.
