GCFO/Finance Manager
Makaseb Group
Total years of experience :28 years, 11 Months
Makaseb Group is Established in 1987 focusing in F&B, Real Eastate and Men’s Fashion Industry, Major leading Food and Beverages Brands are Hungry Bunny, Hakaya, Butlers Chocolate Cafe and Kanafani with more than 100 outlets in Saudi Arabia.It is founded in a vision to serve the nation in the best interest of the people and ensure to give the best quality, service, innovative, new Technologies, and safety that is run by a Saudi Company.Al-Kanafany™ Original Sweets, Hakaya Is a cuisine of the sun and heart, Butlers Chocolate is Ireland's favorite luxury chocolate, Hungry Bunny™ is a chain of restaurants. Kiswa for Men's Tailoring has been the tailor of choice for both corporates and individuals, DOM Al-Khalij has one of the specialized and pioneer offices in the field of real estate services.
Al Ghazzawi Group of Companies is a renowned family owned business Group and is one of the largest reputed diversified conglomerates in the Kingdom of Saudi Arabia. The Group has been operating in the Kingdom of Saudi Arabia for more over four decades and is now one of the most successful and fastest growing business Groups with a wide ranging portfolio of businesses including Real Estate, Construction, Trading, Manufacturing, Communication, Retail Catering, Franchising and Legal Professional Services. Al Ghazzawi Group remains the pioneer in most of the activities it has pursued and maintained its leadership
Prepare Annual Budgets and Reviews of Manufacturing Costs & Plan and implement new strategy of Company
Monthly Variance Analysis of Budget and Actual.
Standard Costing Techniques and Variance Analysis.
ABC Costing Techniques and JIT
Supply Chain and Demand Planning
Materials and Production Planning and Production Enforcement
Coordination with Sales, Supply chain and Export Department
Schedule payments in accordance with credit agreements and other contractual arrangements
Production and Materials Planning Management
Make Recommendations to improve productivity, quality
And efficiency of operations.
Optimization of Cost and Bench Marking
Provide data and interpretation of financial results, including statistical and variance analysis and communicate to all levels of management via oral and/or written presentations
Participate in monthly financial close and review meetings
Provide weekly financial forecasts for Corporate Strategic Financial Planning and Analysis
Supervise all Accounting Departments of the Company
Manage information flow to Corporate for weekly, monthly and annual revenue forecasts as it relates to the current fiscal year and/or future years
Discussions and Negotiations with Banks for Loans, LC, LG.
Assist with the coordination of the annual business plan for All Group Corporate Companies
Manage the development of the long-range outlook.
Select, train, develop and motivate a staff
Provide financial planning, analysis and decision-support insight to business partners throughout the organization.
Finds new CAPEX Investment and its returns by calculating
NPV, DCF, IRR and Payback Methods
Calculate Ratio analysis and Find Solutions for Discrepancies
BBC Paints Manufacturing Company is one of the biggest Paint Manufacturing Company in Saudi Arabia with ISO-SASO, located in the first industrial city and was registered as Paints, Solvent and Industrial Putty Company Ltd. BBC focus in terms of experience and advanced New Technological Machine to meet the market needs of a Variety of Create service and products. BBC is leading branding name not only in Saudi Arabia but globally branch in Egypt, Bahrain, Yemen and Syria.
Provide weekly financial forecasts for Corporate Strategic Financial Planning and Analysis
Manage information flow to Corporate for weekly, monthly and annual revenue forecasts as it relates to the current fiscal year and/or future years
Assist with the coordination of the annual business plan for All Group Corporate Companies
Manage the development of the long range outlook.
Select, train, develop and motivate a staff
Direct and monitor a variety of accounting activities to ensure that the organization’s financial resources are managed in accordance with accounting principles and comply with all relevant regulations, laws, and standards.
Responsible for reviewing and preparing all financial reports and accounting statements
Responsible for ensuring that a control mechanism is implemented in the centers under supervision
Responsible for ensuring that all financial transactions are conducted as per company policies and procedures
Responsible for leading, directing and coaching the accounting team in the centers under supervision
Prepare P&L, balance sheet and other financial statements like depreciation statements, cash flow, debtor and creditor lists and repayment schedules on a monthly basis
Review the trial balance, general ledger and stock taking reports for the centers on a daily basis
FAMMCO is under NAWAH and Nazer Group, a leading company in healthcare and medical equipment, technology and solutions, specializing
in providing patient care expertise and Sister Concern of Nazer, the latest medical technologies in the
Kingdom of Saudi Arabia (KSA). FAMMCO is dedicated to being at the forefront of KSA’s Dental sector by
offering globally renowned products and technologies of International Brand like Sci-can, ATitan, Trinon,
Curasan, Rose Micro solution, Sylc and making a genuine difference in the quality of treatment patients
receive. ‘Dent2Go’ literally translates to “the core, ” and for us as Dent2Go care is core, and around that, the
company’s structure, commitment and value systems are built. At the very core of FAMMCO is its vision to
create a better quality of life and Dental for its customers (patients, healthcare providers and employees).
Prepare Annual Budgets and Reviews of
Plan and implement new strategy of Company
Monthly Variance Analysis of Budget and Actual.
Supply Chain and Demand Planning
Coordination with Sales, Supply chain and Export Department
Schedule payments in accordance with credit agreements and other contractual arrangements
And efficiency of operations.
Optimization of Cost and Bench Marking
Provide data and interpretation of financial results, including statistical and variance analysis and communicate to all levels of management via oral and/or written presentations
Participate in monthly financial close and review meetings
Provide weekly financial forecasts for Corporate Strategic Financial Planning and Analysis
Supervise all Accounting Departments of the Company
Manage information flow to Corporate for weekly, monthly and annual revenue forecasts as it relates to the current fiscal year and/or future years
Discussions and Negotiations with Banks for Loans, LC, LG.
Assist with the coordination of the annual business plan for All Group Corporate Companies
Manage the development of the long-range outlook.
Select, train, develop and motivate a staff
Provide financial planning, analysis and decision-support insight to business partners throughout the organization.
Finds new CAPEX Investment and its returns by calculating
NPV, DCF, IRR and Payback Methods
Calculate Ratio analysis and Find Solutions for Discrepancies
Abdul Latif Jameel is comprised of diversified businesses with deep roots in the Middle East, North Africa, and Turkey (MENAT region) Toyota distributorship in Jeddah, Saudi Arabia, established an extensive operations infrastructure, built the largest vehicle distribution network in Saudi Arabia, and, along the way, we have accumulated comprehensive automotive expertise throughout the region.
Direct and monitor a variety of accounting activities to ensure that the organization’s financial resources are managed in accordance with accounting principles and comply with all relevant regulations, laws, and standards.
Responsible for reviewing and preparing all financial reports and accounting statements
Responsible for ensuring that a control mechanism is implemented in the centers under supervision
Responsible for leading, directing and coaching the accounting team in the centers under supervision
Prepare P&L, balance sheet and other financial statements like depreciation statements, cash flow, debtor and creditor lists and repayment schedules on a monthly basis
Direct and monitor a variety of accounting activities to ensure that the organization’s financial resources are managed in accordance with accounting principles and comply with all relevant regulations, laws, and standards.
Responsible for reviewing and preparing all financial reports and accounting statements
Responsible for ensuring that a control mechanism is implemented in the centers under supervision
Responsible for leading, directing and coaching the accounting team in the centers under supervision
Prepare P&L, balance sheet and other financial statements like depreciation statements, cash flow, debtor and creditor lists and repayment schedules on a monthly basis
Assists audit operations by selecting vendors, reviewing transactions for various Receipt types and audit potential, and auditing Receipt types.
Reviews client information including contracts, invoices, purchase orders, shipping document
other documentation to identify potential audit opportunities.
Retrieves client/buyer material/records, formally writes applicable claims, and may manage claims through the approval process as directed by the auditor, senior auditor or audit management.
Examines electronic data and paper data for supporting documentation to include with each claim; returns supporting materials for claim back to original location.
Assembles claims with appropriate supporting backup (electronic and paper) and submits for processing.
Corresponds with the supplier/vendor for any question or explanation required; may facilitate the resolution of major supplier/vendor issues for a favorable outcome; may engage in discussions with supplier/vendor regarding the audit and dispute resolution process.
Creates and maintains a schedule for a total balance left due from the supplier/vendor; edits and makes necessary adjustments to the schedule for accuracy.
Work within management system to track and maintain vendor correspondence.
Tracks audit tasks
Manage and perform the daily activities of the accounting department
Manage, train, and develop subordinate employees
Prepare financial statements in compliance IFRS and with US GAAP
Prepare monthly account reconciliations to ensure the accuracy of balance sheet accounts by reviewing all transactions for compliance with IAS and to reflect actual activity/purpose of account
Proactively monitor and manage cash position to ensure cash flows support and enable business objectives
Design, implement, and maintain policies, practices, and procedures to ensure proper internal controls
Act as subject matter expert of accounting system and processes
Oversee A/P (high-volume) and A/R, including preparation and management of aging reports, partner with internal and external stakeholders to stay current and maintain relationships with business partners.
Manage employee payroll and contractor processes and related reporting and compliance
Drive the implementation and maintenance of internal controls
Partner with internal and external stakeholders to support organizational objectives
Assist with financial forecasts, financial presentations, and ad-hoc reporting requests, as needed
Manage external audits; gather and provide information for audit inquiries