عمير احسن

Maintain Holding cashflow in coordination with the subsidiaries and coordinate all payments for on going projects with subsidiaries.
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Maintain liquidity and ensure all funding requirements are met on timely basis.
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Responsible for daily, weekly, monthly and yearly cash management plan on a group level. Its helps in the execution of short-term and medium term borrowings decisions
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Treasury report on a weekly basis to the CFO. It includes the overall group cash position and contingent utilization for on going projects.
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Group Level bank borrowing report on a monthly basis.
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Managing and provide monthly reporting for Real Estate Company within the group.
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Managing and provide monthly reporting for an investment company within the group
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Redeveloping a credit policy for the holding level that has more control and maintain a balance between receivables and payment.
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Maintain supplier payment record through Microsoft GP i.e advance and project interm progress payment.
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Manage day-to-day operations in coordination with bank for the issuance of letters of credit and Guarantees (Bid Bond, Performance Guarantee & Advance Payment Guarantee etc.
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Annual budget preparation and assist all subsidiaries to align their annual budget with the business plan.
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Treasury report to the board on a monthly basis.
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FX deals : Spot and forward deals.
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IRS ( Hedging of loans) on both bank facilities and the foreign currency exchange rates as appropriately hedged on a timely basis.
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Monitoring financial ratios in line with agreed covenants with all banks.
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Consolidation of Holding Financial statement reporting on a monthly basis.

Alkhorayef Group was founded in 1957 and since then diversified its activities and continued its progress in various fields such as machinery systems, oil, contracting, international producers of water pumps, agricultural, irrigation and well drilling equipment in the Kingdom. Alkhorayef has exclusive retail rights of castrol oil distribution in Saudi Arabia with British Petroleum, UK and are also Contractor of Saudi Aramco.

Cash Forecasting
 Tracks, monitors, and investigates daily cash movement & other activities to identify cash flows impact(s).
 Responsible for daily cash management of company’s consolidated bank accounts including execution of short-term and medium term borrowings decisions.
 Collaborates with finance teams to ensure cash funding requirements are met in a timely manner and adequate liquidity available for working capital needs.
 FX deals : Spot and forward deals.
 IRS ( Hedging of loans).
Debt Management
 Monitors credit facility balances, borrowing and repayment activities to ensure accurate transaction flow.
 Finance Cost allocation with in the group level (Monitoring and maintaining intercompany movements with in group) and ensures payments are completed in a timely manner.
 Prepare inter-company loan schedules and calculate interest payments.
 Corporate Treasury functions such as group cash management, debt management and forecasting.
Treasury Operations
 Initiates or oversees treasury operational functions inclusive of setting up bank wires, transfers, monitor fraudulent payments, and cheque payments.
 Documentation and standardize activities related to bank account management processes and compliance activities (legal / KYC).
 Banking relations & other assignments : Review and maintain all record of bank facilities and in-house comparison sheet including financial covenants.
 Maintaining appropriate security and retention of Treasury documentation.
 Maintains financial institution relationships as necessary.
 Opening of LC and LG’s ( Trade Finance).
 Manage the day-to-day operations relating to letters of credit and Guarantees (Bid Bond, Performance Guarantee & Advance Payment Guarantee etc.)
Management Reporting
 Facility utilization & contingency report.
 Group Level bank borrowing report on a monthly basis.
 Treasury reports as per internal and external Audit requirement.
 Other duties as assigned.
Other Tasks
 Assist CFO for Group Medical and General Insurance. Price negotiation and daily insurance related communication.
 IPO; assisting for a successful IPO that includes; company valuation, analyzing proposal, negotiating cash price & stock price of future IPO’s.
 Financial analysis of subsidiaries and review investment proposals.
 Train new junior staff and other new hires.

Directly Reporting to Group CEO for Business Operations/ Financial Analysis of interconnected business enterprises Under SKAB Group, spanning such disciplines as Environment Protection & Recycling, Mineral Water Bottling Plant, Contracting, Real Estate, hospitality Industry, Shopping Malls, Travel & Tourism, Food Products and Construction and Maintenance.

Job Description:

 Analyze and review Monthly, Quarterly financial & business performance of each of the twelve companies under SKAB Group and recommend corrective actions to the CEO.
 Assist companies under SKAB Group during the preparation of annual budget & business plan.
 Preparation of variance analysis between budgeted and actual performance of different companies under SKAB Group and present it to CEO on periodic basis.
 Follow up with Subsidaries Managers/ Finance managers on a continuous basis the issues being raised during the quarterly review meetings & ensure their completion status before next quarterly review.
 Analyze new investment proposals, conduct financial due diligence and evaluate and advice on investment offers and business opportunities highlighting the underlying risks and opportunities.
 Develops and/or validates financial models related to investments.
 Assist an external Financial Consulting firm for financial due diligence and valuation of companies under SKAB Group for the purpose of Merger & Acquisition.
 Assist CEO on board meetings, potential investors meetings & presentations etc.
 Developing business and financial reports pertaining to their research, study and recommendations over investments in different business sectors.
 Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment decisions.
 Developing reports and making presentations for purposes of recommending the purchase or selling specific investments.

• Provides regular performance assessment reports to the top management on subsidiaries’ performance
• Support subsidiary companies management on performance management, e.g. budget preparation process, strategy realignment etc.
• Provides analytical support to the group companies for business optimization and decision making, e.g. fixed cost analysis, forecasting, profitability analysis, benchmarking, etc
• Prepare financial models for debt/equity participation
• Analyze new investment proposals
• Assist COO on board meetings & presentations etc.
• Help COO review group companies on implementation of business practices and compliance with group policies and procedures

Being a founder member, My job role has started with the preparation of Private Placement Memorandum and its presentation for the CEO to attract prospective shareholder for Maceen Capital.
Once prospective shareholder align then prepared all 25 license approval files for Maceen Capital and follow up with CMA until its initial license approval. This was my third company license approval with CMA.

 Private Placement Memorandum
 Financial Analysis
 Financial Modelling & Budgeting
 Feasibility Studies and due diligence
 Private Equity Investments
 Business plan & Manual
 Saudi Araba Capital Market Authority Manuals.

I was assitant Manager and worked there for 2 years