CHIEF FINANCIAL OFFICER
Al Kayan for Vehicle Repair and Maintenance
Total years of experience :23 years, 3 Months
Job Role & Responsibilities:
• Direct and oversee the formulation and execution of comprehensive annual Budgets & Business plans, encompassing areas such as sales, production, operations, overhead, raw materials, capital, and cash.
• Collaborate with the CEO and executive leaders on strategic planning initiatives, aiming to enhance operational eficiencies and drive revenue growth.
• Produce detailed monthly and quarterly financial reports, providing insights into performance, sales volumes, and profitability, ensuring alignment with budgets.
• Maintain stringent cost management protocols, ensuring expenses are correctly aligned with revenues and facilitate eficient monthly closes with comprehensive commentaries.
• Act as the primary financial liaison, representing the company to banks, debt and equity investors, and other external stakeholders.
• Regularly brief the Board of Directors and present financial updates to investors, ensuring clarity and transparency in all financial communications
• Provided diverse business consulting services to clients in Egypt and abroad, focusing on SMEs.
• Key oferings included corporate strategy, ERP solution implementation, feasibility studies for agribusiness projects, corporate restructuring, comprehensive tax and HR services, business valuation, financial analysis, and outsourced accounting and legal counsel.
Job Role & Responsibilities: Financial Strategy and Planning
• Direct and oversee the formulation and execution of comprehensive annual Budgets & Business plans, encompassing areas such as sales, production, operations, overhead, raw materials, capital, and cash.
Job Role & Responsibilities:
• Financial Reporting: Prepared monthly financial statements (income, balance sheet, cash flow) and delivered business analysis.
• Budgeting and Forecasting: Collaborated on tri-annual budgeting and forecasting, comparing actuals to projections.
• Business Partnership: Worked with department heads, aligning financial support with strategic goals.
• Cost Control Strategy: Advised on cost optimization while maintaining quality standards.
• Financial Analysis and Insights: Conducted detailed analyses to spot trends, risks, and opportunities, providing strategic insights.
• Financial Strategy Development: Collaborated with executives to craft and implement financial strategies for growth.
• Internal Control Enhancement: Improved financial processes and controls for eficiency and accuracy.
• Regulatory Compliance: Ensured adherence to financial laws, standards, and tax regulations.
• Audit and Risk Management: Handled external audits, assessed risks, and developed mitigation strategies.
• ERP System Optimization: Upgraded financial software and ERP systems for better operational eficiency.
• Cross-Functional Support: Provided financial guidance across various departments, fostering collaboration. Achievements:
• Business Acquisition: Played a pivotal role in the business evaluation team that facilitated the acquisition of CFG/London, boasting a turnover of 150M US Dollars.
• Strategic Partnership: Spearheaded a joint venture between Al Rajhi & East Grain Ukraine, leveraging an ofshore mechanism.
• Government Contract: Successfully negotiated a strategic agreement with the KSA government for food security, securing an exclusive deal to supply 15, 000 MT of barley and receive a subsidy of SAR 200 million from MOF. This partnership resulted in a threefold increase in revenues.
• System Implementation: Led the successful full-scale implementation of the ERP - Oracle system, streamlining business processes and enhancing operational eficiency. Withing 18 months
Job Role & Responsibilities:
• Inventory Monitoring: Managed stock levels and updated inventory databases.
• Research and Analysis: Conducted research and synthesized information from various sources.
• Reporting and Forecasting: Provided senior management with analytical support, producing monthly financial reports and variance analyses.
• Budgeting Processes: Led annual and quarterly budgeting and forecasting.
• Investment Policy Awareness: Stayed informed about new investment regulations and policies.
• Performance Analysis: Performed business studies for past and future performance, developing forecasting models.
• Trend Identification: Analyzed trends, advising on financial strategies and actions.
• Financial Tracking: Monitored financial status by comparing actual results with forecasts.
• Data Reconciliation: Ensured accuracy by reconciling transaction data.
• Professional Development: Maintained updated industry knowledge.
• Strategic Consultation: Advised management on long term financial decisions.
• Financial Modelling: Developed financial models and conducted benchmarking and process analysis.
Achievements:
• Agricultural Innovation: Pioneered the farming contract concept in Ukraine, centralizing barley crop production by funding individual farmers. This unified approach led to consolidated profit sharing and a streamlined portfolio.
• Financial Infrastructure: Established comprehensive financial policies and procedures from scratch, laying the foundation for robust financial management.
• Inventory Management: Ensured accurate and timely monitoring of the company inventory, optimizing stock levels and database management.
• Reporting Excellence: Worked closely with financial accountants to deliver comprehensive monthly financial report packages, enhancing the companys financial transparency.
• Operational Eficiency: Demonstrated proficiency in executing day-to-day duties with accuracy and eficiency, even under tight deadlines and in a high-pressure environment.
• Strategic Financial Planning: Spearheaded financial planning and analysis, driving informed strategic decisions through meticulous data analysis and key metric management.
• Budgetary Excellence: Introduced budgetary benchmarks and financial management strategies based on thorough research of operational and historical financial data.
• Data Management: Eficiently managed vital personnel data using SAP, enhancing data integrity and streamlining processes.
• Risk Assessment: Successfully evaluated mortgage loan risks, ensuring sound underwriting decisions that minimized financial vulnerabilities.
• Team Leadership: Led and mentored a team of six finance and operations professionals, overseeing diverse functions including contracting, order processing, forecasting, budgeting, and reporting.
• Financial Growth: Designed an analytical framework that pinpointed and nurtured financial growth opportunities, driving increased profitability.
• Revenue Compliance: Implemented measures that significantly improved adherence to corporate revenue standards.
• Budget Collaboration: Collaborated closely with the financial director to draft annual budgets, ensuring alignment with the companys strategic objectives.