Senior Manager Finance - Financial Controller
Nayifat Finance Company
مجموع سنوات الخبرة :29 years, 10 أشهر
As Senior Manager / Financial Controller. Key responsibilities include:
• Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP).
• Develop, implement, and ensure compliance with internal financial and accounting policies and procedures.
• Prepare all supporting information for the annual audit with the approved external auditor.
• Document and maintain complete and accurate supporting information for all financial transactions.
• Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash.
• Reconciling bank accounts; and manage cash flow.
• Reviewing monthly results and implement monthly variance reporting as compared to budget.
• Managing the cash flow and prepare cash flow forecasts in accordance with policy.
• Managing the bookkeeping function, using the Simply Accounting Package, including maintenance of the general ledger, accounts payable, accounts receivable and payroll.
• Developing and implementing policies and procedures as required to ensure that personnel and financial information is secure.
• Participating all management meetings as a member of the Finance Team.
• Assisting the Managing Director & CEO and the Board with financial reporting as required at Board meetings and the Annual General Meetings and providing advice to support the decision making process.
Key Achievements:
• Achieved the milestone of getting SAMA license. Nayifat is the first Finance company who has been issued SAMA license. It is a milestone that has been achieved by Nayifat. Finance team lead by me from the front and did all the required work from a scratch to getting the license.
• Prepared the 6 years Business plan ( 2013 - 2018), which was the base for raising SUKUK for 500 million.
• Raising the funds through SUKUK 500 mil, Nayifat is a fast growing company and needs additional funds to increase its business.
• The increasing need is being fulfilled through additional bank loans and by raising the SUKUK 500 mil. Nayifat is one of the few companies who have attempted to raise the funds through SUKUK.
• Creation of SPV in the Cayman Island.
• Dealing with JLM’s for SUKUK (Deutsche Bank, Saudi Hollandi Bank)
• Implementation of the state of the art ERP system, FinnOne.
As Manager Finance. Key responsibilities included:
• Providing and interpreting financial information;
• Monitoring and interpreting cash flows and predicting future trends;
• Formulating strategic and long-term business plans;
• Researching and reporting on factors influencing business performance;;
• Managing company's financial accounting, monitoring and reporting systems;
• Liaising with auditors to ensure annual monitoring is carried out;
• Developing external relationships with appropriate contacts, e.g. auditors, solicitors, and bankers;
• Producing accurate financial reports to specific deadlines;
• Managing budgets;
• Arranging new sources of finance for a company's debt facilities;
• Supervising staff;
• Keeping abreast of changes in financial regulations and legislation
As Manager Finance & Administration. Key responsibilities included:
• Providing and interpreting financial information;
• Monitoring and interpreting cash flows and predicting future
• Arranging new sources of finance for a company's debt facilities
• Maintains administrative staff by recruiting, selecting, orienting, and training employees; maintaining a safe and secure work environment; developing personal growth opportunities.
• Accomplishing staff results by communicating job expectations; planning, monitoring, and appraising job results; coaching, counseling, and disciplining employees; initiating, coordinating, and enforcing systems, policies, and procedures.
• Providing supplies by identifying needs for reception, switchboard, mailroom, and kitchen; establishing policies, procedures, and work schedules.
• Providing communication systems by identifying needs; evaluating options; maintaining equipment; approving invoices.
• Purchasing printed materials and forms by obtaining requirements; negotiating price, quality, and delivery; approving invoices.
As Senior Finance Executive. Key responsibilities included:
• Providing and interpreting financial information;
• Monitoring and interpreting cash flows and predicting future
• Arranging new sources of finance for a company's debt facilities
• Maintains administrative staff by recruiting, selecting, orienting, and training employees; maintaining a safe and secure work environment; developing personal growth opportunities.
As Senior Finance Executive. Key responsibilities included:
• Managing the Accounts Payable Module in SAP.
• Making Payments to vendors of USA through Check run.
Review, approval and reimbursement of employee’s expenses.
• Handling all bank accounts
• Preparing different Management Reports..
As Senior Accounts Officer. Key responsibilities included:
• Managing the Accounts receivables.
• Making Payments to vendors
• Review, approval and reimbursement of employee’s expenses.
• Handling all bank accounts
• Preparing different Management Reports.
As Manager Finance & Accounts. Key responsibilities included:
Preparing Financial Statements of the company.
• Preparing Management reports for top management for decision making within Pakistan and to Head Office in Korea.
• Dealing with all banks and financial institutions and handling the financing facilities.
• Dealing with the external auditors.
Key Achievements:
• “Best Employee of the Year” A highest award given to any employee in DAEWOO