Finance Manager

• May 2017 - Present

Financial Controller - Manufacturing & Plant Services Projects

• Aug 2012 - Present

 The detailed Key Principal Accountabilities/Responsibilities are as follows:- Budgeting / Forecasts.  Active role in designing & implemented annual budget process.  Departmental budgets & initiate timely responses to deviations from budget.  Finalize budgets for newly awarded jobs with consultation of project leaders.  Review of proposals. Incorporate changes/latest forecast to the budget.  Monthly Flash Report to forecast revenue and cost of projects Operating Results  Overview of general accounting: Accounts Payable (AP), Accounts Receivable (AR), General Ledger (GL), Inventory Control (IC) & Fixed Asset Management System (FAMS).  Look after monthly closing process.  Review and analyze P&L statements and provide commentary of key variances and business trends.  Balance Sheet.  Prepare and issue analytical studies of projects Working Capital, Inventory control & Management of Funds  Examine all aspects of working capital.  Timely generation of invoices and follow-up & chasing of receivables  Examining & controlling of investment in inventory  Inventory control, eliminating of dead stock / obsolete stock  Administrating the Payables liability with aging analysis Cash Flows  Annual budgeted cash flows, maintaining monthly rolling cash flows and actual monitoring  Weekly & quarterly cash forecast and compare & analyze with actual  Watchful eye on bidding cash flows and ensure for a positive cash flows Involvement In Contractual & Bidding Matters  Conversant with contractual terms & conditions and review of risk mitigation strategies to drive profitability.  Provide financial guidance & bench-mark data to marketing / proposals for future references Show less

Senior Accounts Officer

• Feb 2000 - Feb 2011

Liaison With Statutory Auditors  Evaluate and implement internal & external audits.  Independently handle interim & final external audits of both companies Olayan Descon Industrial & Olayan Descon Engineering Company  Fully engaged with auditors up to finalization of audited accounts / financial statements.  Provide feedback to auditors on management letters.  Handle special audit activity for Descon Pakistan  Handling of Zakat & Income Tax Matters as per Saudi Government Laws.  Prepare and filling of annual Zakat & Income Tax return (full package) as per Saudi Government Laws.  Provide feedback on queries issued by Department of Zakat & Income Tax (DZIT) KSA regarding Zakat & Income Tax returns  Handling of Withholding Tax Matters as per Saudi Government Laws  Prepare and filling of annual Withholding Tax Return.  Provide feedback to statutory auditors regarding information provided to Office of Chamber of Commerce Eastern Province, KSA Liaison with Banks & Financial Institutions  Coordinate with banks for obtaining loan facility, arrangement of letter of credits.  Project financing  Term Deposit  Guarantees as per contracts requirements  Short Term Borrowing Other Operational Work  Active role in monthly closing process  Payroll preparation  Receivable  Payables  Treasury  Dividend disbursement to partners  Prepare data for balance review for Group Finance Manager Show less