Chief Financial Officer (CFO) & Chief Investment Officer (CIO)
Saudi Financial Support Services Company ( Sanid ).
Total des années d'expérience :16 years, 5 Mois
Management & Planning:
1.Maintain a documented system of accounting policies and procedures.
2.Monitor and direct the implementation of strategic business plans.
3.Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department's goals and objectives.
4.Participate in key decisions as a member of the executive management team.
5.Work with all levels of business to understand & anticipate group’s financial needs & expectations.
6.Any other Ad-hoc duty assigned by the management.
7.Assist in formulating the company's future direction and supporting tactical initiatives.
Operations:
1.Participate in key decisions as a member of the executive management team.
2.Maintain in-depth relations with all members of the management team.
3.Manage the accounting, human resources, investor relations, legal, tax, and treasury departments.
4.Oversee the financial operations of subsidiary companies and foreign operations.
5.Manage any third parties to which functions have been outsourced.
6.Oversee the company's transaction processing systems.
7.Implement operational best practices.
8.Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package.
9.Supervise acquisition due diligence and negotiate acquisitions.
10.Implement operational best practices according to IFRS.
Banking & Treasury:
1.Ensure good relationship with the company and bankers and handle all the banking activities.
2.Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
3.Prepare cash flow forecast based and submitting it to the management.
4.Making sure the collection and banking are done on time.
Budgeting:
1.Partner with key functions to understand key drivers, trends and plans and incorporating input from all departments into a complete financial model.
2.Develop annual schedule for the region’s financial planning and reporting.
3.Assist the other departments to set annual financial targets.
4.Monitor budget versus actuals and work with responsible managers to develop strategies to maximize budget efficiencies.
5.Calculate variances from the budget and report significant issues to management.
Financial Reporting & Analysis:
1.Issue timely and complete financial statements.
2.Coordinate the preparation of the corporate annual report.
3.Ensure the timely issuance of monthly & quarterly financial reports for management review.
4.Support and review the monthly closing activities.
5.Make sure all the GL ledgers and sub ledgers are reconciled and up to date.
6.Report financial results to the board of directors.
7.Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations.
8.Create additional analysis and reports as requested by management.
Compliance:
1.Coordinate the provision of information to external auditors for the interim and annual audit.
2.Coordinate with the internal audit team activities.
3.Comply with local, and zakat reporting requirements and zakat fillings to secure certificate.
Achievement at CFO
-Participate with the executive team that assigned to establish national project KYC centralized thru separate SPV with global model under SAMA supervision.
-Create accurate budgets controlled actual for every line of business and consolidate without deviation.
-Developed the company financial position from losses to profit, thru gross profit and net profit.
-Achieved expansion and strategic plan thru BOD direction without any negative impact at Co equity.
-Developed the cash flow position and achieved working capital with (100) %.
-Developed investment portfolio and achieved highly return without any risk and increase the Volume.
-Improved the all financial aspects with policy procedures and achieved accuracy and timing
manage team of finance department over 15 people
monitoring policy and procedures
maintain and handle the closing period
prepare financial position per quarter
make all financial analysis related to business
prepare budgeting of expense and revenue and monitor it
make feasibility studies
Maintain a documented system of accounting policies and procedures.
Manage outsourced functions.
Develop performance measures that support the company's strategic direction
Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations such as the Inland Revenue.
Oversee the operations of the treasury department, including the design of an organizational structure adequate for achieving the departments goals and objectives
Forecast cash flow positions, related borrowing needs, and available funds for investment.
Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
Use hedging to mitigate financial risks related to the interest rates on the company’s borrowing, as well as on its foreign exchange positions.
Maintain good relationship with the company bankers and handle all the banking activities and manage Invest funds.
Assist in determining the company’s proper capital structure.
Arrange for equity and debt financing.
Recommend appropriate dividends issuances, based on historical dividends patterns and expected cash flows.
Manage the preparation of the company’s budget.
Report to management on variances from the established budget, and the reasons for those variances.
Assist management in the formulation of its overall strategic direction.
Producing accurate financial reports to specific deadlines.
Prepare monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks.
Engage in ongoing cost reduction analyses in all areas of the company.
Review the performance of competitors and reports on key issues to management.
Engage in benchmarking studies to establish areas of potential operational improvement activities.
Review company bottlenecks and recommend changes to improve the overall level of company throughput.
Participate in target costing activities to create products that meeting predetermined price goals.
Assist in the determination of product pricing in relation to features offered and competitor pricing.
Compile key business metrics and reports on them to management.
Manage the capital budgeting process, based on constraint analysis and discount cash flow analysis.
Create additional analyses and reports as requested by management.
Oversee the extension of credit to customers.
Develops an internal audit plan to audit the operations of company and each Business Unit.
Audit the operations of company and each Business Unit and provide assurance with respect to internal controls, operational efficiency, compliance with policies and procedures and accuracy of information.
Develops and implements operational auditing programs that are responsible for reviewing and determining the extent to which the company’s policies and procedures are followed, evaluating these policies and procedures regarding adequacy of their design to accomplish the goals, and appraising the quality of the performance of employees in carrying out these policies and procedures.
Develops and implements IT systems auditing programs that are responsible for reviewing the information technology systems and activities which convert, process, store, and transmit data accurately and completely, in an efficient fashion, with reasonable provision for security and backup of data and data processing assets and recovery in the event of loss either.
Investigates and recommends action to be taken when there are weaknesses in internal controls, operational efficiency, compliance with policies and procedures and accuracy of financial information.
Reviews Business Units’ accounting department practices and assures that consistency of accounting and reporting policies and procedures.
Provides company’s CEO / Managing Director with independent information concerning the financial affairs of company.
Monitors new developments in auditing techniques.
Work in close cooperation with the external auditors of company so as to complement the audit activities and avoid duplication of effort.
Develops, implements and evaluates internal audit departmental goals and objectives. Develop and manage internal audit departmental budget.
Ensures effective departmental performance through the selection, development, deployment and motivation of competent audit staff.
Review Balance Sheet, Income Statement, Statement of Cash Flows and Statement of Changes in Partners Equity.
Performs additional tasks and duties as assigned by Superiors.
Master of Business Administration (MBA)
Faculty Of Commerce - English Section Program. Cumulative Grade Is Good.