CFO and Director of Asset Management January 2022 - Present
Saudi Oger Liquidation Coalition, Riyadh, KSA
Accomplishments:
• Proffered financial direction, leadership & oversight required to deliver excellent results & achieve organizational goals.
• Served as the strategic Liquidation Advisor, opined on the validity of the overall opportunity as well as the sustainable and beneficial nature of high-end deals. Administered acquisition of a global energy company that was a subsidiary of Saudi Ogre under liquidation and authorized by the bankruptcy trustees, appointed a global financial and legal advisor, communicated with potential buyers, and assisted in preparing financial due diligence reports.
Responsibilities:
• Establishing well-planned and tailor-made liquidation roadmap. Representing bankruptcy trustees of the investee companies, helping reorganize business obligations, debts, and assets.
• Following up with investee companies and their business / companies across diverse sectors.
• Performing strategic evaluations/ valuation investigations of subsidiaries and following-up on their sale deals by communicating with international financial and legal advisors.
• Liaising with advisors specialized in tracking internal and external funds.
• Entrusted with direct financial control of the Sheraton Hotel, Riyadh.
• Superintending, mentoring and empowering a dynamic team, to be of high-caliber, recognizing and utilizing throughout the business as value-added business partners.
Finance Manager June 2020 - December 2021
POSCO E&C Saudi Arabia, Riyadh, KSA
Accomplishments:
• Functioned as the analytical engine, proffered data-driven insights to support optimal financial business decision-making/long-term planning. Prepared and led the monthly business reviews with the regional office in Korea.
• Implemented ERP, led the transformation and improvement agenda, and orchestrated process improvement/ automation initiatives for sustainable growth.
Responsibilities:
• Established policies and procedures for Finance department compatible with international accounting standards and taxation laws in KSA.
• Annual budgeting and planning process owner, rolling forecast with the Business Unit Managers, provided expert advice to ensure that budgets are on target & 100% aligned with the strategic direction of the company.
• Delivered vision and value at Board level, through the provision of insightful financial analysis and action-oriented reporting to drive greater revenues and shareholder value.
• Administered Cash Management, reviewed funding structure and associated financial risks, analyses and evaluated the various funding sources.
• Mastered the fiscal functions including accounting, MIS, Tax, zakat, taxation, banking, cash management and management reporting.
• Reviewed reports of external auditors (E&Y), examined any observations contained therein for submission to the Board.
• Analyzed the project's cost and profitability compared with the estimated budget of the projects.
Finance Manager March 2015 - May 2020
Arabian Building Support and Rehabilitation Co., Riyadh, KSA
Accomplishments:
• Proffered effective financial stewardship- led all financial and fiscal management aspects of company operations thereby playing a key role in steering the company's future growth & development.
• Commanded development and management of credit policies, controls and strategies across the company, which facilitated in reducing credit risks as well as debt by 30 Million within two years.
• Superintended a dynamic financial team to study/revise 5-year business plan that includes merging regions and branches which led to reduce operating costs.
• Reviewed financial statements and generating monthly Management Reporting pack of financial and performance data and handled presentation at annual Board meetings.
• Embracing next-generation technology - implementing ERP-MS Dynamics with projects and facilitated automation through integration with the projects, warehouse, and accounting.
• Led transformation of the organization to IFRS, the full version in liaison with KPMG.
Responsibilities:
• Produced Consolidated financial statements for branches by region.
• Managed cash flow and working capital requirements. Ensured sufficient funds are available to meet ongoing operational and capital investment requirements. Led negotiating with local banks for facilities needed.
• Re-engineered and designed full costing and budgeting process and approval cycle thereby ensuring an efficient cost control system for Branches and regionals.
• Champion of continuous improvement efforts to Credit Controlling & Collection - assessed and updated credit policy and developed collection strategy to minimize bad debt.
• Established master annual budgets by business regions/branches and monitored monthly forecasting process and performance analysis.
Finance Manager May 2009 - February 2015
COPRI Construction Co., United Arab Emirates
Accomplishments:
• Ownership of reporting to the Board of Directors (Head Office – Abu Dhabi) and Project Management.
• Served as financial and analytical intel expert, dexterously helped develop sound business & fiscal mgmt. practices.
• Led continuous improvement, process standardization and automation of reporting/ forecasting tools leading to enhanced productivity.
Responsibilities:
• Spearheaded all financial and accounting activities of the Company including financial planning and analysis, budgeting and financial reporting, and ensuring the application of financial policies and procedures within the Company.
• Handled of the entire gamut of financial management accounting- creating P&L statements, balance sheets, cash-flow, payroll, income tax and sales tax, monthly, quarterly and yearly financial reporting.
• Monitored project costs by the estimated budget for each item during bills of quantities in coordination with the Engineering Department and deviations calculated monthly budget.
• Nurtured harmonious relationship with various banks, to secure tailor-made banking solutions/ facilities and loans (Revolving Loans and Decreasing) and for monthly reconciliations, and monthly debit interest.
Previous Professional Experiences:
• May 2006 - April 2009: Finance Manager at Shabakkat Operation, Kuwait - Al Kuwait
• July 2000 - April 2006: Accountant, United Pharmaceuticals Co. / Sukhtian International Group, Jordan