Riyadh, Saudi Arabia
An astute, knowledgeable, result oriented and dedicated professional with expertise in Corporate accounting, audit, financial reporting, corporate finance, Budgeting & financial management, financial planning & analysis, to an organization which can benefit from my attention to detail, initiative, enthusiasm and dedication to excellence. Specialties: Finance & Audit (IFRS, ISA's, US GAAP and internal controls) Financial & Performance Reporting, Budgeting & Costing, Planning and forecasting, Cash management, Financial management, Management reporting, Financial analysis, finance transformation, risk advisory and Credit reviews. Key Skills: •Internal control & controllership •Mentoring, developing & managing people •Microsoft office, Oracle, Quick books, FinnOne •Risk management, process review & re-engineering •Effective communication, presentation & negotiations Key Achievements: At Ejada, initiated finance transformation to a strategic business partner. •Analyzed to improve utilization by 12% & GP margin by 3%. •Enhanced overall governance framework with budgetary controls resulting in cost optimizations at projects and corporate level. •Led the IPO readiness project. At THIQAH, spearheaded finance transformation from a book keeping function to a strategic business partner. •Developed KPI's, new functions, multi dimensional COA & Successfully achieved, Oracle Fusion ERP implementation at enterprise level. •Devised corporate financial strategy to finance the medium and long term business operations. Value creation, worth SAR 300 million through capitalization of Tech solutions. •At Nayifat Finance Company, Managed SAMA licensing project for NBFC’s, to be the 1st Non-Banking Finance Company (NBFC) to get SAMA license in KSA. •Handled due diligence and all reporting matters for SUKUK issue worth SR. 500 million. •Initiated budgetary control that resulted in reduction of budgetary variances by 12%, and improved KPI’s thus saving valuable corporate resources. •Prepared financing proposals & raised $200 Million debt capital through successful negotiations & liquidity management. •Improved portfolio collection by 16%, by improving collections system and receivable management. •Led the successful IFRS convergence project of Nayifat Finance Company. •At KPMG, managed a client portfolio of SR. 5 MM. Saved valuable man hours by optimized staff planning & utilization for audit assignments thus reducing the cost. Provided value for audit to each client that resulted in excellent client relationship and recurring business for the company.
Ejada Systems is a technology arm of Al Rajhi Bank, Lead the periodic, group consolidation of local and foreign subsidiaries, ensuring timely and accurate IFRS-based reporting. Prepared accounting position papers on revenue recognition under IFRS 15. Identified the gaps and improved revenue recognition in compliance with IFRS 15. Analyze financial data, key performance metrics, and trends to identify areas of improvement and provide recommendations for cost optimization and revenue enhancement. Prepare reporting packs, dashboards, variance analysis, industry analysis, competitor analysis, bench marking performance, MPR's and presentations for Board committees & senior management, highlighting key findings and actionable insights. Provide financial insights and guidance on pricing strategies, cost management, profitability analysis, and resource allocation. Acting as finance business partner with the Program Design and Technical Assistance, advising leadership about resource utilization, modeling performance scenarios, and guiding them through the annual planning and budgeting process. Implement enhancements to the budget system and support global offices and the field finance team in their development of annual budgets. Responsible for P & L management & analysis, reviewed accruals, provisions and financial period performance evaluation. Develop monthly/Quarterly/Annual performance reporting to address business issues to management for further action. Drive continuous process improvement in all areas of financial operations and reporting. Streamline financial closing procedures and implemented financial controls over reporting. Implemented & maintained robust controls, policies, and procedures to safeguard company assets and ensure accurate financial reporting. Managed IPO readiness assessment from financial performance, reporting, governance and controls, and supported the compliance area.
THIQAH is a technology firm owned by PIF, with a mandate to lead change and digital transformation. The major business lines of THIQAH: Tech. solutions/Smart products. Data Services; And Business services Key responsibilities Included: •Involved in strategic level initiatives as a finance business partner, including selection & implementation of Oracle Fusion ERP, drafting an organizational & functional level DOA, designed a multi-dimension COA, revised the policies & procedures in line with best practice, redesigned business processes and defined profitability and cost centers •Established & lead projects controlling & budgeting function, developed revenue models for new products/services •Developed budgets & forecasts both at the corporate and project level, reporting on actual vs budget & analyzing the variances •Prepared & presented periodic stand-alone & consolidated financials to management with P&L analysis, balance sheet & cash flow, as per GAAP & IFRS •Responsible for P&L management, reviewed periodic closing, GL, accruals & provisions •Led and managed monthly, quarterly, and annual financial closing activities including journal entries, reconciliations, and trial balance preparation. •Developed Costing models, cost allocations basis with periodic cost allocations runs over cost centers, products, business lines & profitability centers •Designed, Developed & deployed profitability reporting at various levels of corporate granularity •Analyzed organization’s business endeavors and advised management on financial & tax matters and impact of business transactions and decisions •Supported functional Heads in forecasting the revenue & expenditure of their revenue & cost centers •Capitalized internally generated intangibles worth SR. 300MM, under IFRS, attaining IP rights & patents worth millions that resulted, in corporate value creation •Trained the shared services team; champion of change in transformation of finance to a strategic business partner
Key responsibilities as Senior Manager Finance: • Led the corporate finance, reporting and core accounting function, reported to CFO, CEO & BOD. • Prepared periodic management reports; IFRS-based financial statements, budgets, and bank packs for reporting to banks. • Prepared & presented periodic budgets and rolling forecasts to the management. • Performed IFRS convergence including gap analysis between local GAAP & IFRS, identifying key impacts areas. • Provided insightful financial analysis like OPEX & SG&A optimization to review business performance and address variances. • Instigated business analytics through data to drive key decision making in terms of sales, business & target market strategy. • Ensured all debt covenants, legal, taxation & zakat requirement/matters compliance & reporting, to mitigate related risk. • Managed MIS reporting, including management reports and performance delinquency reporting on accounts receivable portfolio. • Raised finances through increase in equity by retained earnings, debt facilities and bonds issuance ensuing a successful financial strategy. • Managed successful Sukuk (Islamic bond) issuance process, SAMA reporting and banking relationship. • Monitored the liquidity & leverage ratios along with capital adequacy ratio per SAMA regulations & Basel III. • Identify and analyze the areas of potential risk threatening the assets, earning capacity or success of organization. • Prepared statutory financials & performed financial period end closing (monthly, quarterly & annually), managing the GL module for adjustment JV’s and GL reporting. • Analyzed financial & economic data to assist senior management on strategic and operational initiatives like acquisition, capex, divestitures or sale of assets (AR portfolio spin-off). • Coordinated with internal & external auditors, managed & trained/mentored staff of 08 finance executives.
Nayifat Closed Joint Stock Company, a leading Islamic based Financing and Leasing Company was established for the purpose of providing Islamic products to the consumers and Small And Medium Enterprise (SME). A joint venture of National Bank of Kuwait Capital(NBK) and Falcom Financial Services. Reportable to CFO. As Manager Finance. Key responsibilities included: Prepared periodic management reports, accounts, budgets and bank packs for reporting to banks. Reconciled General Ledger(GL) with lending management system to improve the integrity of the financial information. Developed clear, fact-based financial plans/forecasts, short-term & long-term (Strategic Business Plan), presented to the senior management. Planned & prepared annual budget with the senior management. Provided accurate and insightful analysis related thereto which provide senior management necessary information with which to address variances and develop corrective actions. Supervised & planned cash management i.e. collections, disbursements & loan repayments. Improved & maintained sound internal controls; ensured integrity of financials. Ensured all debt covenants, legal, taxation & zakat requirement/matters compliance to mitigate related risk. Performed management reporting for portfolio was-is analysis and delinquency analysis recurrently. Provided technical expertise and advice on financial issues to functional/ operational heads to help them develop revenue and expense budgets, understand financial reports, and manage their financial responsibilities. Coordinated with internal & external auditors & managed staff of 05 accounts executives.
Responsibilities included planning & managing overall engagement, liaison with both clients and colleagues to develop business understanding whilst gaining a broad range of work experience via a diversified client portfolio, which provided exposure to financial services sector and manufacturing concerns. Seconded to National Bank of Kuwait Capital to support on their FDD on strategic acquisitions i.e. Nayifat Finance Company. Key responsibilities included: As an engagement In-charge, understood and developed audit plans to cover & mitigate audit risk exposure. Prepared quarterly, bi-annual and annual statutory / consolidated financial statements as per GAAP, IFRS and as a part of agreed upon procedures, provided clients with analytical and variance analysis. Analyzed actual financial results with budgets and investigated variances. Performed analytical reviews and detailed substantive testing where required. Produced audit working papers and documentation for review and approval by managers. Assisted in the production of audit reports. Responsible to deliver a complete audit as per KPMG audit requirements. Managed & Trained team members and associates.
Key responsibilities at KPMG Audit & Advisory included: •As an engagement supervisor, understood and covered risks specific to key business processes, based on risk based audit approach. •Prepared quarterly, bi-annual and annual statutory financial statements as per GAAP, IFRS and as a part of agreed upon procedures. •Planned and prepared, audit strategy and plans under ISA and KPMG Audit Methodology to be executed at audit engagements. •Assessed internal controls (IC) of business by understanding, testing of IC environment, performing walk through and detail test of transaction. •Performed analytical assessments, diagnostic reviews and variance analysis related to financial information, risks and controls. •Produced audit working papers and documentation for review and approval by audit manager & partner and assisted in the preparation of audit report. •Performed performance appraisals & benchmark analysis for telecom & media clients. •Supervised & performed Business performance & diagnostic review of Pakistan Television Corporation (PTV) in accordance with the KPMG business advisory and performance review manual and international guidelines for business performance reviews. •Performed data collection, verification, and analysis for preparation of financial feasibility. •Managed & Trained team members and associates.