Finance Manager
Al Bawani Group
Total years of experience :22 years, 10 Months
Finance Manager in Al Bawani -Shibh Al Jazira-Salini Impregilo SA. Joint Venture (BSS)
King Faisal Air Academy Project (KFAA) Contract amount SAR 4 Billion
Implement monthly closing and submit the Pack report to HO in Al Bawani Holding
Restructuring accounting policy and procedures records and conversion to full IFRS
Review the project module and set the costing code between PM and GL Modules for proper cost analysis.
Apply the process for POC, CTC, project Cash flow with Cost control Dep. & and Treasury
Provide the HQ with type and amount of facilities based on Projection Cash flow and coordinate with the Bank for facilities.
Prepare Budget and compare it with actual results and report for variances.
Review the old data and prepare the required report to PIF (Public Investments Fund) before Aquisition
Approve the monthly ECL, and related reports and entries.
Cash Flow management
Review Subcon. &Vendors payments, and approved agreements and amendments& related IPCs
Approve the payment voucher and related Ops and Monthly invoices for SRS forms partners.
Review the VAT & ZAKAT Report before submitted the HQ to complete the process.
Approve the project Inventory stock count, Fixed Assets counting quarterly basis.
Review the VAT report before submitted to HO in Al Bawani Holding
Prepare the Audit file, and liaison with Banks, external Auditors EY and JV internal Auditors.
Road Constructions & Manufacturing Group with Headcount more than 1200
Setting the Monthly Pack “Financial Statements, Cash Flow, Projects Execution plan
Implement projects POC “Percentage of completion “& Projects profitability & review CTC “Cost to Complete”
Review Projects Status Report according to BOQs, Execution plan before submitted to the banks.
Assist in create and implement new organizational chart for the Finance & Accounting Department and new policies and procedures & Authority Matrix.
Approve the costing & analysis and profitability report from each Factory
Review the details of Trial balance and report it to the CFO and CEO about the outstanding and obstacles and solutions.
Lead the accounting team to meet the deadline and submitting the monthly financial report per each company
in-charge for Following clients accounts:-
Clean Gourmet “Healthy Central Kitchen & Showroom” - KSA
Al Saidi Group - KSA
Abdali Medical Center - Jordan
Audeh Group - Madaen Al Abdali & Seraje Assists Management - Jordan
International Silica Industries - Jordan
Ahwanji Restaurant - Jordan
Location Restaurant - Jordan
More than 20 school - Jordan
Building & Engineering Division” KSA-Al Khobar
Construction Co. Subsidiary to ETE Group, B&E : Turnover 1.4 Billion SR and Headcount 1300
Participate in changing the legal structure from Establishment to Company legal structure
Preparing the Monthly Binder “Financial Statements, Cash Flow, Projects Execution plan
Prepare and Control the Five years Budget & Variances analysis & assist in preparing B&E Business plan
Prepare the analysis for the Budget Vs. Actual and Quarterly update & Cash Flow management
Preparing projects POC “Percentage of completion “& Projects profitability & review CTC “Cost to Complete”
Review extra saving from Procurements Dep & Eng. Dep. Execution Plan for KPI Incentives system
Review Projects Status Report according to BOQs, Execution plan before submitted to the banks.
Review Hiring plan with Recruiting Manager and Projects Directors according to project cost & execution plan.
Managing subcontractors’ payments according to accomplished ratio to signing agreements
Achieve the KPI for the finance Dept. Set by the CFO & CEO B&E Division
Assist Project Manager in implement ERP Sys. & approve the Blueprint from the system.
Assist in Group Restructuring, participate in preparing the policy & procedures and changing the Group legal structure
Liaising with the External & Internal Auditors, Banks
KSA-Jeddah
Contracting & Steel Fabrication Factory Co., JAECO : Turnover 200Million SR and Headcount 250
Preparing Monthly Financial Statements, Long term Business plan and Budget according to Expanding Plan
Controlling income, cash flow and expenditure & Analysis Actual Vs. Budget.
Preparing POC “Percentage of completion “CTC “Cost to Complete”, monthly Projects Status Report (PSR).
Prepare Cost analysis for the Factory division and Clients Profitability per Job and Contracts
Plan with Supply Chain Manager & Production Manager the reorder point according to Budget
Reviewing the approved invoices, review the contracts before send it to the Clients or received from Subcontractors.
Approve the L.P.O and review all support documents and authorize signatures
G.L maintenance, Assets recording & Management and warehouse control.
Supervision of staff in the Accounting Department, & Liaise w/ Auditors.
An International Advertising agency :Subsidiary Co. to: (McCann Ericsson & MCN / IPG Group - Worldwide
Preparing the Annual Budget and Quarterly updates, Budget Vs. Actual analysis & variance
Preparing monthly Flash Report “Financial Statements, Cash Flow, Client Profitability, Overhead Reconciliation.
Prepare the monthly Audit Pack and submitted to HQ in Dubai & EY US “IPG external auditor for”
Preparing the Combined Financial Statements Jeddah Co.’s “Promoseven, Universal Media, Initiative & Sadaf.”
Approve Interco transaction and review Central Fees from IPG Group & McCann Ericson Group
Review the clients Retainer fees and contract before singe it from the clients, pricing and Suppliers volume rebate “VR”
Preparing Clients monthly profitability & Cost Analysis per each job, invoice, and contract
Assists Client Services Dep. In collection, review & approve the POs with support documents, pricing, commission fees
Responsible for financial and admin. matters with the head office and the branches & Liaise w/ External Auditors
Authorizes alljournalsandmanual entries, accruals andreversals,
Generalledgermaintenanceandaccount reconciliation,
Accounts receivableandaccounts payable management,
Managementof inter-company statements(Emmar)andreconciliation’s,
Managementthe contractorspayments according toaccomplishedratio tosigningagreements
Bankreconciliation and petty cash management,
Fixed assetrecordingandmanagement,
Preparation ofweeklyandmonthlyreportingby companyand activity,
Preparation financialposition andthevariance.
(An integrated solutions partner and cards provider to major mobile network operators in the Middle East)
Member in committee to transfer the ownership and data base from UAE Brightpoint Middle East to Local Investor
Implement new Oracle ERP system and transfer all data in UAE servers from old system IFS ERP
Preparing Financial statement, monthly closing reports (Binder Report) & Prepare the cash flow forecast
Prepare the bank transfers to approve it from Finance Manager in Dubai
General ledger maintenance and account reconciliation, Maintain the Fixed asset recording and file
Accounts receivable reconciliations and collections
Accounts payable ( Fastlink & MobileCom ) reconciliations for Payments
Supervise the monthly stock take
Prepare the inter-company reconciliations with ( Brightpoint Middle East )
Prepare the payroll and commission for the sales representatives
Approve the daily cash clearance to sales representatives
Prepare the bank reconciliation and petty cash management,
Prepare the Sales Tax report and submitted to the ISTD
Liaison with Lawyer in transferring the Company ownership
Authorize to sign the agreements, CQ’s with the General Manager
Prepare the Audit file, and liaison with Banks, external and internal Auditors & Income and Sales Tax Department
Approve the accounting entries before posting & Supervise the Accounting Team
