Finance Manager
Dammam Development Company
Total years of experience :15 years, 10 Months
Professional Finance Manager at Dammam Development Company which is a Group of Companies with core business in real estate, also the company has partnerships and investments in Subsidiaries, (Maintenance & Construction) IPMS Co, Restaurants & Hospitality (Food Arts Investment Co), (Funds and stock portfolio Management) Bait Al mal Al khaleeji Co,
And other investments in Associates and Joint ventures,
• Developing, implementing, and monitoring the application of financial strategy in line with company mission, vision, values, and goals.
• Cash Flow Management, Cash Flow Modelling, Efficiently Managing Working Capital.
• Analyzing and estimating the company needs of cash for operations and investments.
• Banks facilities, time deposits, and term deposits managements
• Managing the implementation of a framework for financial accounting operations to ensure adherence to the internal polices and international financial reporting standards.
• Establishing and enforcing proper accounting methods, policies, and procedures.
• Special Purpose and Consolidations of financial reports on monthly and yearly basis.
• Managing financial reporting, ensuring that management has accurate information that reflects the current financial status while recommending further course of actions.
• Ensuring accurate financial reporting by analyzing data and generating reports on transactions to ensure that executive management has accurate information in compliance with accounting professional practices and regulatory guidelines, facilitating the decision making.
• Managing the preparation of the Company`s Budget, Controlling and Reporting of Variances
• Corresponding with other departments, discussing company plans and agreeing on future paths to be taken.
• Continuously reviewing internal control system and making suggestions for improvements.
• Predicting future financial trends.
• Supporting the development of risk culture and promotion of sound risk practices to reduce the likelihood of financial and operational risk.
I worked as the Financial Leader for 2 Factories in Saudi Arabia : Almathaq Alarabi Factory :
Manufacturing Arabic Sweets ( Almathaq Alarabi Brands ) & Bren Factory manufacturing ( Fahda Chocolate Brands ), 2 Verticals : Manufacturing & Distributing products All over KSA & Gulf Region,
• I was responsible for leading the finance function and its various operations in line with relevant accounting principles to ensure operational efficiency and streamlined workflows to contribute to the organization's growth objectives.
• Reporting to the CEO & BOD and as a member of the Company Executive Leadership Team, I was the financial leader of the Company, driving financial discipline and accountability, and the key business Partner to deliver the Company’s financial objectives in terms of sales, profit and cash.
• I was responsible for the Financial Strategy, Financial Planning and Analysis, Building the Master Budget and Controlling, Company Financial Reporting, Company Audits, Compliance, and Bank Relationships.
• I worked on restructuring the Finance Department, and implementing new ways of Financial Transactions Processing as well as the Application of Financial Internal Control
• Optimizing Costing Techniques by changing from Periodic Costing to Perpetual Costing.
• Financial Performance Measuring,
• Financial Accounting, Treasury Functions, Costing, Pricing
• Wealth Management, Working Capital Management and Cash Flow Management
• Financial Risk Management
• Identifying and implementing cost-saving and efficiency improvements in the company's financial operations. I was responsible for identifying and implementing process improvements to increase the efficiency of the company's financial operations.
• Financial & Operational Modeling
• Valuation Businesses using NPV, IRR, DCF/SOTP/Value in Use
• Conducting Scenario and Sensitivity Analysis for businesses based on microeconomic and macroeconomic factors
I worked in a Start-up Company as a Finance & Administration Manager, Amthal Hemya Trading is the representative and the agent of Ideal Protein Company -Canada Specialized in Diet Food, Amthal is the Agent of Saudi Arabia & Gulf Regions, ( Importing & Distributing )
Also I established the COA and the Accounting Cycle for Amthal Hemya for Diet Food Meals Preparing,
I was responsible for the Consolidation of the Company Financials
My Duties:
• Planning, organizing, and executing the financial tasks and projects of the company
• Managing all accounting operations including Billing, AR, AP, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition.
• Preparing Monthly Financial forecast.
• Financial Reporting, lead month-end closing process and conduct monthly financial forecast.
• Preparation of monthly P&L variances report.
• Ensuring quality control over financial transactions and financial reporting.
• Ensuring compliance with accounting standards IAS / IFRS, local regulations and internal guidelines.
• Providing financial insight and analysis to drive the business performance of the company.
• Identifying efficiencies and opportunities for cost reductions across the business.
• Understanding and calculating the risks involved in the financial activities
• Monitoring financial details to ensure legal compliance.
• Ensuring proper settlement of ( Zakat & VAT) and their due reporting to authorities.
• Analyzing revenue, expenses, cash flows, and balance sheets.
• Monitoring the cash flow of the company by tracking transactions and regularly reviewing internal reports.
• Ensuring sufficient funds are available to meet ongoing operational requirements.
• Completing administrative works, as and when required.
Skills
• Excellent communication skills.
• Proven strategic planning experience at the management level.
• Strong project management, multitasking, and decision-making skills.
• Strong time management and organizational abilities.
ImpaQta is a Branch of a Foreign Company
- I Worked as a Finance Manager Leader for 3 Companies, ( HO & Saudi Arabia Branch for ImpaQta ),
& (Reach Co, for Social Media Advertising & Marketing),
My Duties:
- Financial Accounting
-Managerial Accounting
-Driving Financial Strategy Formulation & Implementation
-Feasibility Studies
-Setting the Financial policies and procedures.
-Treasury Accounting,
- Budgeting, Financial Planning & Forecasting
-Forecasting cash flow positions to ensure sufficient funds are available to meet ongoing operations and activities.
-Budget Variances Reporting
-Engage on ongoing cost reduction.
-Financial Analysis & ad hock reporting
-WHT/CIT
- Contacting with external auditors for Year End Closing.
- HR/Administration Functions
- Worked on Sage /Peachtree accounting system
Al Sadhan Trading Co : Hypermarket Stores in Riyadh / Saudi Arabia
- Supervising Treasury & Head Cashiers for 8 Hypermarkets
-Financial Accounting
- Treasury Accounting / Bank Reconciliations / LC/ LG / Debt & Credit Cards
- Forensic Accounting for Financial Disputes
- Payables & Payments for Trade & Non-Trade Vendors
- Supervising and training new Accounting Employees
- Worked on Financial Programs JDE, Tims, Oracle
- Financial Accounting in Foreign Accountancy Dept
-Treasury Accounting LC/ LG / CAD
- Financial Accounting
- Payroll / HR.
- Preparing Financial Statements periodically.
- Filling the requirements of Governmental Authorities such as Sales Tax Authorities, Income Tax
Directorate, Social Security Corporation.- Financial Accounting - Payroll / HR. - Preparing Financial Statements periodically. - Filling the requirements of Governmental Authorities such as Sales Tax Authorities, Income Tax Directorate, Social Security Corporation.
Skills: Financial Accounting · Cash Flow
I got the opportunity to be trained at Bank of Jordan via EJADA Program which is; the Euro Jordanian Action for Development of Enterprises - in GEP (Graduate Enterprise Program) EJADA program aims to train the elite new Jordanian Graduates theoretically into several courses and to grant them the
opportunity for a practical experience as well
- I got the opportunity to train at all the bank departments and got a wide knowledge & practical
experience
- Also, I got many developing courses such as the Internal System of the Bank ICBS, Money Gram
Transfers, Basic Transfers, Prepaid Credit Cards and Letter of Guarantee.
BSc in Accounting - Excellent Grade
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