Chief Financial Officer
Al Jazea Industrial Group
Total years of experience :26 years, 5 Months
Company Profile
Al Jazea Industrial Group is a Saudi industrial group that includes five factories, two commercial companies, and a holding company.
The group consists of two foundries that produce cast iron, ductile, and steel products. A chemical factory that produces concrete admixtures, epoxy, and other construction related products. A Polyethylene Factory specialized in HDPE and PPE pipes and fittings. An electrical factory specialized in Low and Medium voltage electrical panels. A commercial petrol company specialized in running petrol stations. And finally a Metal trading company. In addition surely to the holding company owning all of the factories and companies above.
The company operates as a closed shareholding company, with a paid up Capital of 45M KSA, and a 160M KSA turnover.
Staffing (Company 440 employees, Finance Department 35)
Duties and Responsibilities
Reporting to the CEO I initiated and lead activities and projects aiming at reshaping the group and improving its operations in several aspects including turnover, profits, MRP, IT, marketing and efficiency.
Although of the short period I have been with the group, we were able to make several leaps in various fields related to the business, especially in profits which increased by 32% last year despite the very difficult situation in the KSA market during 2015 resulting from the severe drop in oil prices. The fields I worked in also included improving the IT structure, automation and integration, developing a new corporate image and increasing efficiency.
My main tasks and responsibilities include the followings:
• Overseeing the financial operations of the group.
• Managing the relations with banks.
• Overseeing the purchasing department and MRP
• Overseeing the sales department and turnover
• Establishing and overseeing an IT department
• Managing the relationship with auditors
• Financial and Management reporting
• Feasibility studies and heading negotiation and collaboration with international partners regarding new investment opportunities
• Consultation to the CEO in various fields related to the business
• Overseeing the process of developing a new corporate identity for the groups
• Overseeing the process of integrating and merging the accounting systems of group companies
• Increasing the finance department efficiency and dropping its HR cost by more than 20% in the first year.
Duties and Responsibilities
During this period I have done various business, management, training, and consulting assignments, both as private consultant, and as part of consulting firms.
The consulting tasks were performed for private commercial companies, industrial manufacturing companies and governmental organizations mainly in Jordan in addition to two oversees projects.
The sectors that I did consultation to ranged from FMCG, Steel, Electronic equipment trading, mobile company distributors, security, and defense.
The consulting assignment I preformed included, but were not limited to the followings:
• Financial and System Analysis.
• Management and organizational restructuring.
• Establishing and correcting financial processes and practices.
• Implementation of ERP, CRP, HRMS, and training software.
• Arabisation of English software.
• Business solutions analysis for the purpose of programming accounting, CRM, CMS, mailing, and other software.
• Training users on using software.
• Obtaining Facilities from banks.
• Budgets and forecasting.
• Sales & distribution innovation.
• Performance analysis.
• SWOT analysis.
Company Profile
Spinneys was established in Jordan the year 1930 as a branch of a UK company with the same name. Spinneys was one of the leader companies in the field of FMCG (Fast Moving Consumer Goods) Distribution in Jordan achieving a turnover of about 32 Million Dollars.
Using its fleet of 62 distribution trucks, Spinneys distributed about 1, 000 products for about 37 foreign and local agencies. Sample of them are Unilever (Omo, Lux, Sunsilk, Signal, etc.), Kraft (Kraft, Tang, Jello, Maxwell House, etc), Kellogg’s, Wrigley’s, Heinz, Hero, Savola, Nestle Water, and others.
Staffing (Company 250 employees, Finance Department 14)
Positions Held
2 Jan 2002 - 30 Mar 2006
Financial Controller
28 Nov 1999 - 1 Jan 2002
Accounts Supervisor, Senior Accountant
Reporting to the General Manager I prepared budgets, financial statements, consolidated financial statements, consolidation packages, monthly reporting, feasibility studies, etc… and I had the credit for many changes in the controls and the accounting systems for the purpose of automating the processes and enhancing the efficiency and effectiveness of those accounting systems.
May 2004 I initiated and headed a project aimed at automating all company processing using Line 500 (one of the best 5 ERP “Enterprise Resource Planning” systems in the world). This project improved efficiency for many operations and eliminated supporting programs by using the ERP system in all major company activities including and not limited to Finance, Billing, Accounts Receivable Management, Accounts Payable Management, Fixed Assets, Payroll, MRP “Material Requisitioning Planning”, cash flow, reporting, cash management, etc…
Company Profile
Ernst & Young is a branch of an American big 4 firm. E&Y is a leading firm in the field of auditing worldwide, with a universal approach in auditing.
July 2002 E&Y Amman office merged with Arthur Andersen forming the largest auditing firm in Jordan.
Staffing year 1999(30 employees)
Positions Held
1 Nov 1997- 27 Nov 1999
Auditor
• I participated in many audit assignments for firms in various scopes of business (i.e. Banks, Hotels, Hospitals, Internet Service Providers, Factories, Computer Retailers, Automotive Agencies and Travel Agents).
My audit tasks included planning audits, performing risk assessments, performing substantive tests, and preparing financial statements, in addition to consolidating financial statements for associated companies.