Haitham Nawarah, CPIA, CMA
Chief Financial Officer at Petra Food Manufacturing Co- Claim this Profile
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Bio
Experience
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Petra Food Manufacturing Co
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Kuwait
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Food Production
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1 - 100 Employee
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Chief Financial Officer
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May 2022 - Present
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Gulf Stainless Steel Factory
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Kuwait
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Mining
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1 - 100 Employee
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Deputy General Manager & CFO
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Mar 2008 - Present
Finance and Admin. Manager: Supervise all finance, Human Resources, and Administration departments’ transactions and provide on-going support to the General Manager in relation to the development and implementation of financial planning, reporting, forecasting, cost analysis, and decision support activities. Duties and Responsibilities (As a Finance Manager) 1. Extend support to Operations, through information analyses of current processes, actual performance against budget and prior year, budget, preparation of operational data/analyses for submission to the Chairman, General Manager and Operations to benefit them to make business decisions. 2. Assisting Operations team in the Monthly Operations Review, identification of areas for cost reductions and operational improvements, annual budget process, periodic forecasting, and periodic analysis of operations performance. 3. Prepare monthly analysis of cost of projects and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks. 4. Coordinate with Project Management and Purchasing Team in determining financial impact due to project cost reductions, new job roll out, etc. and prepare periodic forecasts to update management on projected results. 5. Identify, investigate, and analyze potential operational improvement. As appropriate, based on findings make proposal for operational changes. Maintain a safe and clean work environment. 6. Perform all other duties as assigned and required. 7. Liaise and negotiate, as appropriate, with the financial institutions (Banks) and other funding sources for banking arrangements and sourcing the facilities as per the requirements of the operations in conjunction with the Operations Manager. 8. Maintain appropriate relations with funders and make reports as necessary, ensuring compliance with any contracts. Show less
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Financial Analyst
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Jun 2006 - Mar 2008
Supervise all finance department transactions and provide on-going support to the Controller in relation to the development and implementation of financial planning, reporting, forecasting, cost analysis, and decision support activities and supervise financial transaction done by plant accountant. Main Duties and Responsibilities 1. Supervise all financial department activities and transactions, and reporting directly to Location Financial Manager and in some reports directly reporting to Regional Financial Controller. 2. Ensure that books are closed on time and in accordance with the Egyptian GAAP. This primarily involves managing the processes and controls necessary to maintain the books of account (e.g. reconciliations) 3. Ensure with the support of the Controller that the monthly financial results are submitted on time and in accordance with Corporate Accounting standards. 4. Identify areas within cost accounting and the product costing process which needs improvement. 5. Play a key role in assisting the Controller in the monthly, quarterly and annual forecasting and plan processes. 6. Maintain operating statistics – production rates, yields, usage, and analysis of trends 7. Provide cost benefit analysis for operating management decisions. 8. Maintain inventory records to assure accurate recording of production, production costs, shipments and cost of sales 9. Perform variance analysis & maintaining the inventory control system including cycle count processes & reporting. 10. Work with plant management team in cost analysis to analyze and reduce production costs 11. Maintain accurate and timely accounting transaction, records and reports 12. Participate in the tax and statutory reporting. 13. Monitor and ensure compliance with ASAT objectives. Abide by and support of Alcoa policies and procedures relating to Environment, Health & Safety. Show less
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Senior Accountatnt
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Jul 2002 - Aug 2005
Working as senior accountant under direction of a Finance Manager, performs following professional accounting work; • Prepares journal entries and reconciles general ledger and subsidiary accounts; prepares monthly financial statements, including submission of monthly revenue and expenditure reports to the management. • Analyzes and reconciles expenditure and revenue accounts, including account payable and receivables. • Calculates and prepares reimbursement billings and tracks receivables; reconciles monthly accounts receivable. • Prepares audit schedules for external auditors and acts as a liaison between the ACMC and auditors. • Prepares annual financial statements. • Assists with the preparation of the annual and mid-year budgets. • Assists with the fiscal year-end and fixed asset accounting. • Assists departmental personnel with budget questions, proper expenditure coding, document processing and other accounting related activities. • Performs other administrative duties of a similar nature or level. • Handling accounts in both languages Arabic & English. Show less
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Education
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Faculty of Commerce - English Study
Bachelor's Degree, Accounting and Finance