Financial Controller
Qatar National Import & Export Co.
Total years of experience :20 years, 4 Months
Strategic Management:
- Provide strategic planning process to support the business unit’s long term projections, and investment priorities.
- Develop tools to provide operational information to the CEO and make actionable plans on both strategy and operation.
- Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
- Preparing and controlling the Capital & Departmental Budget. (CAPEX & OPEX).
Financial Accounting & Reporting:
- Managed annual budgeting processes, understanding business priorities and factors driving business while supervising
budget-model construction, accurately predicting expense and timing of costs.
- Executed Inventory Control process, reducing inventory loss to zero% annually through process control, and training.
- Achieved 15% annual revenue growth rate since 2012 till 2016 beating plan expectations.
- Reduced overtime expense QAR50k monthly by efficiently utilizing the team, motivation and keep training.
- Reduced (G&A) expenses 15% annually by effective cost allocation and developed policies, ensuring defined controls.
- Monitored payroll allocation, ensuring accuracy while identifying and implementing payroll process improvements.
- Closing the month by 3rd of every month performed numerous functions improving performance of financial operations,
including managing monthly financial statement and report preparation. Demonstrated expertise controlling and allocating
cost center and ledger account expenses. Reviewed and approved journal entries, allocations, accruals and financial reports.
Performed analysis and prepared schedules for financial package support, tax department, auditors and management.
- SAP subject matter Expert (FICO). Ensure the integrity of SAP to support the reliability of financial reporting (chart of
accounts, functional areas, cost center maintenance, approval workflows etc.).
Financial Analysis:
- Identify and Analyze monthly variance report (sales/COGS/OPEX /CAPEX/Balance Sheet/Cash Flow) Conducting review
meetings with directors lead by CEO monthly investigation recommending a corrective action suggesting needed changes in
the business polices or system.
Treasury:
- Ensure effective cash management, accurate projections and timely reporting to group CFO.
- Reduce the bad debts and doubtful receivables to zero%, with effective collection team and credit scoring to the customers.
- Promote comprehensive hedging processes to mitigate seasonality purchases.
- Effectively manage the working capital of the company with specific attention to stock, debtors and cash balances
Taxation:
- Maintain tax documentation in respect of procedures, filing requirements, returns and statements.
Compliance & Risk Management:
- Ensure compliance with group accounting and reporting policies & procedures in line with IFRS principles.
- Preparation of audit schedules and other information to support internal/external audits.
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- Implemented controls and procedures to insure SOX compliance and risk mitigation for procurement processes.
- Monitoring, assessment, and analysis of the control risk for the various business centers and reviewing compliance with
policies, procedures and laws and on reporting thereon.
Operation:
- Respect Certificate from CEO Mr. Hassan Alkhiyami in appreciation of implementing system tracking for serial numbers
which automate the operation process in the year 2016.
- Lead an effective teamwork for the successful SAP implementation for Zero One Telecom, during the time frame of 2 month,
with highly effective and efficient scored of KPI's and apply the approved plan 2013.
- Lead a small team of high performing finance, accounting. Responsible for staff planning, training, effective performance
management and career development.
Daily, monthly and yearly sales reports within deadlines, invoicing, controlling on customers statements - Due date
analysis for customers attributes, ageing, reconciliation and regulates customer's statement and confirmed - Managed
team work, reviewed performance of staff work and took corrective action where needed - Reviewed aged receivables,
prepared and submitted recommendations for the write-off of bad debts to finance director - Maintained credit limit
for customers and assigned the credit term, score and policies - Reviewed the credit information and the structure of
the information for the approval of the finance director.
Participation in preparing financial statement, income statement, cash flow and the full package in general accounting -
Responsible for general ledger, preparing and review of the journal entries, Preparing Bank Reconciliation - accounts
receivable including invoicing, pricing, customer statement, ageing report, year - to - date actual sales report compared
with budget - Responsible for accounts payable including payment processes, contracts - stock evaluation - payroll
processes - Balance sheet analysis (sales tax- marketing expenses-general expenses-banking expenses-currency
exchange rate-interest expenses-other revenues and gains-petty cash-staff loans-affiliates accounts).
Prepared reports like yearly average consumption report compared with the consumption of the previous years - actual
sales (quantity & value) monthly report compared with the stock (quantity & value) - quarterly report of detecting the
demand level - the minimum level of demand - critical level for production materials - report of old stock and how to be
recycled by use or sale, report of stock sufficiency of the material by period - participated and prepared warehouse
cycle and the supervision of execution - annual and periodic stocktaking - reviewed in and out transfers, storing in the
storage locations - regulated purchases - checked the stock status as Possible as to ensure that there are no shortage.