Director - Finance & Admin
FF Group
Total years of experience :10 years, 9 Months
1. To ensure effective strategic and operational financial planning, monitoring and reporting to enhance the decision making process.
2. Manage organizational cash flow and forecasting.
3. Ensure accurate, complete & timely financial and management reporting.
4. Ensures that the organization’s financial records are maintained in compliance with organizational policies and IFRS.
5. Implement a robust contracts management and ensure that the contract billing and collection schedule is adhered to.
6. Undertake ad hoc financial analysis from time to time in evaluating profitability of income streams, and potential for cost efficiencies.
7. Statutory Accounts & audit liaison.
8. Oversee and lead annual budgeting and planning process in conjunction with the CEO; administer and review all financial plans and budgets; monitor progress and changes.
9. Reviews accounting activities to ensure that a standard level of internal controls and audit procedures and techniques are applied.
10. Develop human resources and administration, enhancing professional development, compensation and benefits, performance evaluation, training and recruiting.
11. Provides technical assistance to accounting and administrative staff.
12. Responsible for the oversight and review of organization payroll
13. Ensure HR policies & processes are in place and adhered to
14. Ensure that recruiting processes are consistent and streamlined.
15. Responsibility for all company IT including management of outsourced IT contract.
16. Ensures that regular updates to accounting software and systems are completed.
17. Work closely and transparently with all external partners including third-party vendors and consultants.
18. Oversee administrative functions as well as facilities to ensure efficient and consistent operations as the organization scales.
1. To ensure, monitor, improve and record all types of revenues generated through the transportation of Cargo shipments on Saudia Cargo and other Airlines through Bilateral/Interline agreements as well as collection of other miscellaneous revenues. This require a detail process of sorting, segregating, accounting, auditing, invoicing and billing of cargo revenue to-and-from other airlines, customers, government agencies, newspapers, foreign embassies, commercial agents, royal court and Saudi posts etc, as per the corporate standards and IATA procedures.
2. Implement systems and procedures to ensure on timely recording, auditing and collection of revenues in order to protect and process Saudia Cargo revenues.
3. Control and Monitor CASS, CNS, ICH and SIS billing and settlements worldwide on time.
4. Timely processing the revenue accounting through the Integrated system Cargospot which subsequently posted to finance System SAP through Interface.
5. Manage process, staff and monthly, Quarterly, Interim and yearly closing activities of Revenue Accounting Section.
6. Reviewing and signing off on reconciliations of GL accounts for the entire section while ensuring: All pending issues are resolved and accounted for in timely manner
7. Reviewing process and carrying out internal checks of each process being followed on monthly basis and highlighting exceptions/issues to Director, Finance.
8. Preparing year-end budget and highlighting exceptions/variations to resolve issues related to revenue.
9. Maintain security and safety policies and procedures of the Department.
10. Ensure all daily, weekly and monthly revenue management reports are up to date and are completed in accordance with standardized Saudia Cargo procedures.
11. To be fully involved in the production of the business mix reports for the weekly meeting, the monthly business meeting and the annual budgeting meetings.
12. Carry out regular Departmental meetings with revenue team to discuss and resolve any issues that may arise.
13. Transfer knowledge to his subordinates in addition to providing the developing chances and training course for improving their abilities.
I was the Senior Auditor in the Internal Audit department and my duties and responsibilities include:
1. Preparation of Audit programs for audit of departments and stations
2. Making Schedule for the audit for departments and stations
3. Conduct the audit activities
4. Supervise junior auditors
5. Preparation and submission of audit reports
6. Making presentations of audit findings to Board and Senior Management
7. Conduct follow up audits and monitor results
8. Prepare and submit Audit Committee requirements
9. Assist Internal Audit Manager and act as Manager Internal Audit under his absence.
I was in charge of the finance and accounts department. My duties and responsibilities include:
1. Develop policies/procedures/strategies to function finance & accounts department as backbone of the organization and provide timely information to the top management in taking right decisions on right time.
2. Professional support for the expansion and diversification plans of the organization.
3. Lead the team members effectively and create opportunities for them to grow professionally.
4. Train and develop second-line leaders from the team.
Functional duties and responsibilities
1. Accounting
1. Review & introduce internal control in accounting transactions
2. Preparation of MIS reports - Daily/weekly & monthly
3. Finalization of accounts and preparation of financial statements as per the International Accounting Standards/IFRS
2. Finance
1. Fund requirement estimation
2. Liaise with banks/financial institutions
3. Budgeting and variance analysis - capital and revenue
4. Current assets management - cash and treasury, receivables and payables etc
5. Review of PLB schemes / CRS incentives and preparation of statements on time and follow up
3. Cost management
1. Introduction of cost control and cost reduction techniques
2. Negotiating with suppliers, service providers etc.
4. Other areas
1. Compliance with legal procedures/formalities
2. Liaison with auditors & consultants
3. Preparation and evaluation of short term and long term business plans
5. Business operations
1. Preparation of business plans in consultation with department heads
2. Overview the operational team to achieve the targets
3. Motivate the operational team by introducing various incentive schemes/plans to achieve the budget and profits
1. Preparation of MIS reports - Daily/weekly & monthly
2. Finalization of accounts and preparation of financial statements
3. Fund requirement estimation
4. Liaise with banks/financial institutions
5. Current assets management - cash and treasury, receivables and payables etc
6. Review of PLB schemes / CRS incentives and preparation of statements on time and follow up
7. Compliance with legal procedures/formalities
8. Filing various tax returns