Experience

Arafa Holding

• Textile Manufacturing
• 200 - 300 Employee

• Finance Manager

  • Jan 2012 - Present

  • 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.• Direct and control finance staff to ensure that they are appropriately motivated and developed and so that they carry out their responsibilities to the required standards.• Contribute to the achievement of the company’s business objectives by providing advice and guidance on financial strategy.• Develop and control the company’s annual operating budget to ensure that all financial targets are met and financial and statutory regulations complied with.• Provide financial advice and guidance to the company’s managers and staff to enable them to achieve their objectives.• Oversee the preparation of the company’s financial accounts to ensure that these are presented accurately and on time.• Develop and implement an internal audit programmer to ensure that the company complies with financial procedures and regulations.• Develop and maintain all necessary systems, policies and procedures to ensure effective and efficient financial management within the company.• Monitor external contracts and services provided by suppliers to ensure that these are operating effectively and provide the best value to the company• Carry out all necessary actions to ensure that the company meets its financial and legal obligations Show less

• Chief Financial Officer

  • Aug 2002 - Present

• Account Manager

  • Jan 2009 - Dec 2011

  • Record and analyze the company's financial information.• Involved in the strategic planning or the development of new products.• Analyze and interpret financial information that corporate executives need in order to make sound business decisions.• Prepare financial reports for other groups, including stockholders, creditors, regulatory agencies, and tax authorities.• Review and monitor costs inherent in the business.• Financial forecasting and planning.• Perform variance analysis. Show less

• Head of Financial Audit

  • Jun 2006 - Dec 2008

  • Direct and control all internal audit staff to ensure that they are appropriately motivated and trained and carry out their responsibilities to the required standards.• Develop and implement an annual audit plan to ensure that the organization complies with financial and statutory regulations and standards• Monitor the conduct of internal audits to ensure that all relevant activities are subject to periodic audit• Present audit reports to the Board and committees to identify areas requiring attention and ensure implementation of any actions agreed.• Develop all necessary internal controls to ensure that financial systems operate effectively and to identify potential problems• Maintain a working relationship with external auditors to ensure that they have all the information they might esquire• Carry out ad hoc audit reviews to investigate any areas identified by management Show less

• Senior Account

  • Jan 2005 - May 2006

  • Supervise accountancy staff to ensure that they are appropriately trained and motivated and carry out their responsibilities to the required standards • Provide full accounting services, including the preparation of estimates, budgetary control and final accounts for a cost center• Prepare monthly trading accounts for cost center activities to ensure that financial targets are met and to assess the need for any remedial action• Develop and maintain all other necessary controls and processes to ensure that legal and financial requirements and regulations are complied with.• Monitor the financial information system to ensure that timely and accurate information is provided for managerial decision making• Prepare statistical returns and financial analysis on a range of topics for internal and external use.• Oversee the administration of any loans and repayments, including maintaining liaison with brokers and lenders• Prepare and monitor cash flow projections and associated records to determine the optimum use of funds or the need to raise additional revenue Show less

• Accounts Payable and Receivables

  • Aug 2002 - Dec 2004

  • Following up the payables and Customer account monthly settlement against any deficiency, defects and undelivered items to avoid any problems in suppliers' accounts in addition to edition of credit and debit notes• Settlement receivable accounts with payables accounts regarding each job order.• Follow up all foreign customers collection and vendors payables paid by a direct communications with them. • Making a Quarterly balances confirmations with the customers • Using the factoring and insurance system In order to finance part of the company’s debits and credits.• Issue weekly updated cash in - cash out flow • Checking with the banks for the new incoming by using internet banking devises.• Release weekly reports about the customers and vendors position Show less