AYMAN Abdulfattah

SENIOR FINANCE DIRECTOR at Holding Company
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Contact Information
us****@****om
(386) 825-5501
Location
Saudi Arabia, SA
Languages
  • English Professional working proficiency
  • Arabic Native or bilingual proficiency

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Credentials

  • Certified Fraud Examiners
    Association of Certified Fraud Examiners (ACFE)
    Jan, 2014
    - Oct, 2024
  • Certified Financial Manager (CFM)
    Institute of Management Accountants
    Dec, 2004
    - Oct, 2024
  • Certified Management Accountant (CMA)
    Institute of Management Accountants
    Apr, 2004
    - Oct, 2024

Experience

  • Holding Company
    • Accounting
    • SENIOR FINANCE DIRECTOR
      • Aug 2017 - Present

      Notable Accomplishments: • Formulation and implementation of business plans; Excel cash flow modelling to assess the impact of various management approaches on the value and to allow informed decision making. • Enhanced the responsiveness of Finance and Operations Teams by flattening their respective functional hierarchies; developed / enhanced P&Ps, workflow and control practices to improve operational efficiency and effectiveness. • Maintaining the banking relation and expanding the facilities as needed. • Assist the management to convert the company from making losses to generating profit. • Design and lead the process of preparing the company fixed assets register. The process includes, classifying, coding and recording all information in the FAR database. Determining the asset's value by comparing the acquisition cost with replacement cost and evaluating its cash flow potential (recoverable cost). Key Responsibilities:  Support the decision-making process by providing meaningful ad hoc analysis and financial perspective on all decisions.  Contribute to the development of long-range financial forecast and related budgets, considering alternative scenarios and economic prospects as appropriate and monitoring the company progress against objective;  Addressed concerned raised by Auditors to the level of their satisfaction.  Adhered with statutory and legal requirements through statutory filing, legal reporting and compliance with local and other applicable laws inclusive of DZIT and other governmental bodies.  Leading the early application of IFRS for SMEs as it will be the reporting framework for unlisted companies from Jan 2018.  Coordinating with the CEO/GM in formulating strategic direction for the company with emphasis on efficiency/process improvement.  Assessing existing KPIs and using bench marking techniques to align them with the industry standards. Show less

  • Company: Distinguish Shield, Subsidiary of Sait Group
    • CFO
      • Feb 2006 - Aug 2017

      Sector: Constructions& Real Estate. Notable Accomplishments:  Preparing feasibility, highest and best use study of potential development sites, providing reports, cash flows and IRR, NPV analysis.  Securing financing for proposed buildings or projects, preparing PPM for potential investors.  Supervised market trend research competitive landscape analysis and other corporate real estate processes.  Developed a comprehensive reporting system to evaluate the performance of new ventures and businesses; acquired legal approvals for the sale of real estate units on a map. Key Responsibilities:  Timely and meaningful monthly management reporting both for individual profit/cost centers as well as for the overall Company.  Creates and maintain a project's budget and schedule, analyze progress reported against the work schedules; and recommends actions to improve progress in order to bring the projects in on time and within the budget;  Generates weekly and monthly cost reports in tabular and graphical formats for each project, including variance analysis on actual vs. budget’;  Revises project cost estimate at the end of every reporting period to generate ‘Forecast At Completion’;  Performs cost analysis and advises project leaders on cost over-runs in a timely manner so the corrective actions can be taken, conducts reviews and evaluations for cost-reduction opportunities;  Presentation of opportunities and the making of management recommendations to the Asset Management Committee, including supporting information and justification to assist in the committee’s decision making;  Directs financial strategy, planning and forecasts; conferring with president and department heads;  Maintains banking relations, plans and monitors company cash flow requirements;  Established department wise KPIs and reported performance on a monthly basis with the department heads. Show less

  • BDC Group
    • Hong Kong
    • Food & Beverages
    • Finance Manager
      • Nov 2000 - Feb 2006

      Sector: IT Notable Accomplishments:  Preparing the E.G project financial studies, providing reports, cash flows and IRR, NPV analysis.  Reorganized the Group through the combination of business under common control along with the pooling of interests.  Designed and led implementation of new financial systems including General Ledger, Accounts Payable, Cost Accounting, and Financial Reporting for multiple companies.  Preparing PPM for potential investors.  Key member of team implementing enterprise-wide Oracle ERP system. Key Responsibilities:  Coordinated monthly operating reviews for wholly-owned subsidiaries and managed intercompany transactions.  Collaborated with department heads and prepared the Annual Budget for the Group along with Income and Expenditure Account and Receivable and Payable Account inclusive of aging.  Facilitated the Management Committee in strategic planning and decision making through consolidated management accounts and financial reports for joint operations and ventures with strategic partners inclusive of bookkeeping and financial record-keeping.  Supervises the process of analyzing and examining the requests for payment from departments for completeness, accuracy, and conformance with procedures and regulations;  Serves as lead analyst in our big project (e-Government project) involving the coordination of Budget and tracks disbursements;  Supervises and control centralized payroll system for four companies;  Checks monthly trial balance, bank reconciliations, subsidiary reconciliations.  Coordinates assigned activities with other parties and provides highly responsible and complex administrative support;  Prepare feasibility studies, produces strong and accurate financial models for predicting potential successes of proposed ‎new businesses;  Maintain banking relations; ensure optimal utilization of funds and effective cash flow management;  Coordinates with the external auditor, in the auditing plan schedules. Show less

  • OMC , Certified Public Accountant
    • Senior Financial Consultant
      • Jan 1991 - Oct 2000

      Sector: Audit, Assurance and Consulting Notable Accomplishment: • Directed all financial aspects of highly successful IPO. • Participated in the restructuring plan for Saudi Binladin Group. Key Responsibilities:  Maintain the highest technical and professional standard;  Executes a wide range of audits in a diverse and highly computerized organization;  Conducts Gap Analysis, Policy and Procedure Documentation;  Managing the due diligence process, working closely with lawyers and ensuring that all parties work to required timescales;  Planning, supervising & executing multiple non-assurance engagements such as agreed upon procedures & compilation of financial statements in compliance with applicable standards.  Evaluating existing internal controls, identifying missing controls & deficiencies and presenting recommendations to enhance overall effectiveness & efficiency of the internal control system through management weakness letters.  Leveraging financial assessment tools (variance analysis / ratio analysis) to gauge profitability, liquidity & solvency position of clients along with performance against competitors & industry.  Identifying critical business risk matters inclusive of missing information, business processes lacking transparency & other audit related risks; sharing these with clients & senior management of the Audit firm in order to limit the extent of damage.  Providing additional help and guidance to clients on a consultancy basis.  Participants in the development of ways to meet client needs, contributes to proposal delivery.  Addresses situation before they come crises and develops solutions to avoid recurrence,  Prepare financial studies, produce strong and accurate evaluation of possible investment decisions & project evaluations, calculating the return on investment (ROI) and internal rate of return (IRR);  Manages project financials, including budgets, timely billing and collection and variance recognition. Show less

Education

  • Cairo University
    Bachelor’s Degree, Bachelor degree in Accounting
    1984 - 1988

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