Finance - Senior Executive
Gov. entities undr 2030 Vision
Total des années d'expérience :16 years, 7 Mois
Establishing & Leading Finance - Accounting Dept by setting out all operation requirements to allow the business run. working with other gov. stakeholders to make all strategies done as planned.
•Handle all BOD and BOD’s Committees financial requirements and presentations.
•Lead the financial part of the general assembly. “ Presentation and inquiries”.
•Leading accounting & finance Dept.
•Preparing quarterly & annually financial statements & announcements.
•Preparing & monitoring annual budget.
•Cash management for the HQ and affiliates. Investment management with banks.
•Forecast cash flow positions, related borrowing needs, and available funds for investment.
•Maintain banking relationships.
•Advise management on the liquidity aspects of its short- and long-term planning
•Lead the team to built financial policies & procedure with outsource consultant .
•Participate the company to issue SUKUK (ISLAMIC BONDS)
•Lead the team to built internal audit charter with outsource consultant.
•Working professionally with Tadawul & CMA.
•Analyzing monthly, quarterly & annually the standalone and affiliates result.
•Handling monthly payroll & employees compensation.
•Worked on merger (Acquisition) between PETROCHEM & SIIG (Saudi Joint stock Companies).
•Preparing the annual budget and control it by the system.
•Preparing annual Zakat & tax returns and WHT.
•Preparing monthly financial statements (Balance Sheet, Cash Flow, and Income Statement). Comparing the results with Plan (Budget), and find the discrepancies. And reason why.
•Preparing Estimation Report (Monthly, Quarterly, Annually), (YEE).
•Sales and lifting plan Management, with the internal and external marketers.
•Variable Cost, Fixed Cash Cost, Fixed Non- Cash Cost Analysis. (Monthly, Quarterly, Annually).
•Account Receivable Management, with third party and related party.
•Finance team leader for sharing the management to build new and renew Joint venture (JV) and offtake agreements with the projects contractors and marketers.
•Audit, evaluate and compare the new agreements with the old one to get the highest benefit and advantage for the company. Recommend the management of these agreements after study it from financial side.
•Preparing the annually budget based on reality view Participated with the marketers and the company departments. Working by the budget during the year systemization (SAP) after upload the budget in system.
•Manage, review and monitoring the company expenses systemize and manually by PRs, POs and bank vouchers to make sure all the payments paid on time, with payment terms and before due date.
•Preparing balance scorecard and Key Performance Indicators (KPI) reports for the Dept monthly. Compare the efficiency with the target.
•Full knowledge of payable and payment process from A to Z. Receiving, login, get approval(from the end user), following & expedite, Booking, Payment, preparing bank voucher and draft check, get signature, send to bank, send the payment conformation to suppliers, filing documents.
•Advance payment Management, How to pay to vendors and following the payments to receive the material or service. Get the Good Receive Note (Material) or Service entry sheet (Service). pay the remaining amount as per the payment terms. Clear all the advance payments pending since 2003.
•Working on projects account with the company projects under construction. Controlling the project payment manually and systemize with WBS, unassigned accounts and work orders.
•Working on accrual account in GL Dept. controlling the accrual and booking it monthly based on readers and estimate(Monthly expenses), annually based on the budget (loan repayments), and reverse the accrual when actual documents /invoices comes. Then, compare the actual with the accrual to know the reason why if there is notice difference.
•Inter Company Payment, preparing monthly allocation for the actual invoice between the affiliates based on the accrual.
•Working on the both payable method, manual and systemize payable.
•Preparing balance scorecard and Key Performance Indicators (KPI) reports for the Dept monthly. Compare the efficiency with the target.