Tawfiq Saleh

Procurement & Contracts Manager
Allianz Saudi Fransi for Cooperative Insurance Co., Riyadh
January 2014 — December 2022
• Preparation of the necessary plan to purchase the company’s operations.
• Ensure work is performed based on approved policies, processes, procedures and instructions.
• Identify opportunities for continuous improvement of systems, processes and practices taking into account leading practices, cost reduction and productivity improvement.
• Ensure knowledge transfer to direct reports and new joiners including approved work policies and procedures.
• Follow-up on escalated cases/issues of subordinates to ensure they are closed efficiently and in a timely manner.
• Review and audit Company released contracts to ensure adherence with legal policies and guidelines affecting the entity’s interests and benefits.
• Renew or update contracts in a timely manner in line with Company legal policies and guidelines.
• Assess all contract modification requests and recommend appropriate actions and decisions.
• Check applicable penalties, notify vendor and grant approval before submitting invoice.
• Identify need to perform change, evaluate schedule and budget impact to develop variation order and modify contract accordingly.
• Receive and evaluate claim notice and negotiate with vendor to resolve or reject claim in an efficient manner.
• Participate in vendor performance evaluation against contracts to ensure adherence to agreed-upon terms and conditions.
• Coordinate with management in developing and motivating team members
• Ensure transfer of know-how, monitor team’s performance, and provide formal and informal feedback.
• Support peers across the organization when needed to perform their duties.
• Provide input for the development of reports regarding operations, activities and achievements for reporting and decision-making.
• Digitization of the procurement process from A-Z.

Cash Management Manager (Treasury Manager & Investment).
Allianz Saudi Fransi Company, Al Riyadh

• Liaising with banks, customers of the company, and statutory bodies.
• Preparing Monthly Cash Flow reports.
• Preparing Business plans based on the prior actual history and changed economic expectations.
• Controlling, managing, and monitoring cash transactions.
• Develop, manage and recommend short/ long term Treasury strategies and plans.
• Test internal control systems to ensure accuracy and adequacy of Treasury/ Banking records and documentations, including appropriate procedures, manuals, and standard practice instructions.
• Suggest any adjustments or amendments related to the followed Treasury/ Banking procedures and regulations that would enhance work efficiency.
• Manage daily Treasury operation including (but not limited to) financing, cash recycling/ investment, foreign currency risk identification and/or mitigation.
• Optimize Cash Management and take the necessary actions to ensure liquidity through internal and external resources.
• Checking and verifying Bank statements and reviewing and approving bank Account reconciliation.
• Managing investments both short and long-term based on available guidelines.
• Establish adequate control over cash transactions in the branches.
• Follow up on Account Receivables & Accounts payables.
• Monitoring collections report with agents and preparing collections forecasts.
• Organizing and communicating for General Assemblies.
• Preparation of cash flow budgets for the company so as to manage the liquidity of the Company.
• Maintain compliance with ZATCA regulations at all times & Withholding TAX & VAT return.
• Assisting management in the comparison of actual accounting performance with the Budgeted performance and using the variances to amend future forecasts.

Accounts Manager for sister company ( Direct Distribution & One Card Co & Getronics Co.)
Duties:
• Preparing Financial Accounting statements i.e. Balance Sheet, Profit & Loss
• Preparing financial analyses so as to assess the performance and the financial
• Preparing Monthly Cash Flow statements.
• Establish and manage the Finance Function for Business.
• Oversee end-to-end finance operations, financial planning and analysis, balance sheet reconciliations, looking to make improvements to procedures and controls.
• Develop financial strategies and action plans to ensure the company achieves its growth ambitions.
• Perform long-range financial planning and oversee development of financial plans, forecasts, actuals, and performance monitoring to ensure the financial wellbeing and integrity of the business.
• Ensure regular and accurate financial reporting and ensure complete compliance with all applicable finance and accounting regulations and requirements.
• Develop organization prospects by studying financial patterns and revenue opportunities; projecting procurement and expansion possibilities; identifying opportunities for development, cost reduction and systems enhancement, and accumulating cash-flow to finance developments.
• Report on monetary status by preparing forecasts, reporting outcomes, analyzing variances, and developing enhancements.
• Provide support and backing to a group of direct reports on financial implications of business decisions.
• Estimate capital, facilities, and resourcing requirements.
• Tax management to optimize contracts (M&A projects)
• Checking and verifying Bank statements and preparing bank reconciliation.
• Managing payroll and staff benefits.