Shoukat فأتاني, Group Director Finance

Shoukat فأتاني

Group Director Finance

Kuzama Co. (Previously known as Lavender Flavor)

البلد
المملكة العربية السعودية
التعليم
ماجستير, Accounting and Finance
الخبرات
26 years, 9 أشهر

مشاركة سيرتي الذاتية

حظر المستخدم


الخبرة العملية

مجموع سنوات الخبرة :26 years, 9 أشهر

Group Director Finance في Kuzama Co. (Previously known as Lavender Flavor)
  • المملكة العربية السعودية - الرياض
  • أشغل هذه الوظيفة منذ يونيو 2020

KUZAMA Co. is one of the biggest entities in F&B Casual and Fine Dine business industry, they own 4 unique brands namely Lavash, Off-White, Armin, OVVI with its multi branches, by using SaaS technology.

My main responsibilities are as follows;

- Leading accounting and finance team and defining the strategy by ensuring the adequate controls to be in place
- Reviewing management financial statement, reporting pack (PL, BS, CF analysis), budget with different scenarios for management approval and variance report with corrective action plan.
- IFRs implementation as SME converted to full IFRs entity.
- Dealing with bankers, auditor and Tax consultant of the company.
- Reviewing cost estimation for food, packing material, recipes and ensuring sufficient purchase quotation for transparency
- Prepared feasibility report for opening of new restaurant including Valuation, NPV and IRR analysis

Director Finance في Jabal Omar (JODC) – Jeddah
  • المملكة العربية السعودية - الرياض
  • فبراير 2018 إلى مايو 2020

Jabal Omar Development Company (JODC) - Jeddah - Controller Finance/Accounts

•Jabal Omar Development Company, arguably one of the largest real estate developer in the region and one of the largest listed companies in the Saudi Tadawul Stock Exchange. Its flagship project, Jabal Omar, is a multi-use real estate mega development project within a walking distance of The Grand Mosque of Makkah. Business lines mainly comprising of Hospitality (Hotels), Commercials (Malls) and Sale of residential property.

My area of work includes following:

•Reviewing financial statement including monthly packs and consolidation
•Ensuring compliance of all IFRS including adoption of new one such as IFRs 15 and IFRs 16.
•Supervising team members in their work
•Prepared feasibility report to compare employees housing allowance vs constructing company’s own housing project.
•Coordinating for actuarial valuation of EOSB and ECL (expected credit losses)
•Ensuring compliance of policy and procedure manual and incorporating improvements wherever required.
•Reviewing GL, fixed asset register, bank reconciliation and ensuring all accruals including financial charges in line with respective agreements
•Preparing various reports including ratio analysis, actual vs. budget with reasoning and prevailing challenges including loan restructuring, liquidity issues and so on.
•Coordinating with external auditors and complying with their requirements
•Coordination with subsidiaries and hotels for their financial information and reports by ensuring alignment with SLAs. Moreover, analyzing hotels operational ratios such as occupancy, ADR and RevPar and reviewing Funds financial statement
•Coordination with various department including PMD to discuss about their reports such as project completion %, milestones report etc.
•Management presentations

Director Finance في Hidada Contracting Ltd
  • المملكة العربية السعودية - جدة
  • ديسمبر 2013 إلى فبراير 2018

Hidada Contracting Ltd deals in steel fabrication and EPC projects. My main responsibilities include:

Liquidity and project bank facility

- Liquidity improvement - coordinating with concerned department to avail better credit terms and better project contract terms as well as restructuring of loans
- Introduced discount formula on better payment terms and developed customer credit policy, procedure and assigning of credit limits and reviewing bank facility in respect of project including project cash flow, coordination and negotiation with banker and monitoring bank covenant
Financial Statement, LOA and JV Review

- Reviewing management financial statement (PL, BS, CF) for BOD
- JV analysis for new investment as well as merger of two business units and preparing discounted discounted
- IFRs implementation
- VAT implementation including documentation, impact assessment, incorporating VAT clauses in contracts.
Budget and Cost control /optimization

- Reviewing final budget version for management approval.
- Ensuring sufficient purchase quotation for transparency
- Material and manpower cost control in terms of prices and hours.
- Reviewing of cost estimation for projects, develop budget vs. commitment report, Variance analysis and suggesting corrective actions

Financial Controller في Saudi Arabian Airlines
  • المملكة العربية السعودية - جدة
  • سبتمبر 2007 إلى نوفمبر 2013

In order for preparation of privatization, the airline was restructured into core units: I was primarily charged with the responsibility of new finance SAP system Implementation as well as part of core team for organization re-structuring, business process reengineering and optimization studies.

Got the opportunity to work in the following units of Saudi Arabian Airline (mainly to prepare):

- Real Estate Development Company - Financial Controller: The main activities include managing, developing and maintaining real estates, project development, designing, construction and investment in real estate in addition to leasing and maintaining of Saudi City Compound.

- Saudi Airline Aero Space and Engineering Industry - Finance Manager: The unit mainly deals in maintenance of airframe, engines and components and carries out different checks of aircraft at different stages.

Corporate Finance Manager في M.A. JAFFALI
  • أبريل 2006 إلى أغسطس 2007

Worked with M.A. JAFFALI (A manufacturing concern mainly deals in confectionary and food items) as Corporate Finance Manager, looking after operations (including new investment/divestiture) of different countries like Malaysia, Lebanon, Egypt, Philippine and managed a large finance team.

Finance Manager في Ummal Quara (UMQ) Hospital
  • يونيو 2002 إلى سبتمبر 2002

I started my career in Saudi Arabia with UMQ which is one of the busiest hospitals having modern treatment facilities.

Finance Manager في Bosch Pharmaceutical – Karachi
  • باكستان
  • مارس 2000 إلى مايو 2002

Bosch is a well known Pharmaceutical Company in Pakistan being agent for various products. I supervised a team of 12 people within the finance department with responsibility of forecasting cash flows daily bank position, approval of receipts, payment and journal vouchers, monthly payrolls, etc.

Assistant Manager في PricewaterhouseCoopers & Deloitte & Touche – Karachi
  • باكستان
  • مارس 1994 إلى فبراير 2000

Completed mandatory training period and got trained by qualified seniors and managers to provide me with a strong foundation of audit and accounting while working at levels from junior auditor to supervising senior auditor.

الخلفية التعليمية

ماجستير, Accounting and Finance
  • في Institute of Chartered Accountant of Pakistan
  • مارس 1994

Specialties & Skills

Budgeting
Financial System Implementation
Financial Accounting
Treasury Management
Strategic Financial Planning
ACCOUNTANCY
BUDGETING
CONTROL
FINANCE
FINANCIAL
OPTIMIZATION
PRESENTATION SKILLS
REAL ESTATE
SUPERVISORY SKILLS
BUSINESS PLANS

اللغات

العربية
متمرّس
الانجليزية
متمرّس
الأوردو
متمرّس