Chief Financial Officer

• Jul 2022 - Present

 Leading Finance & IT team with a workforce of 20 members.  Active involvement with Board members and execution of corporate strategies  Corporate Governance and Secretarial Compliance  Developing Annual budgets, Profitability review, and Cost reduction analysis.  Approving Investment proposals, preparing project reports, evaluating ROI  Cashflow forecasting, managing banking relationships, negotiating Lines of credit, deciding capital structure, credit ratings.  Evaluating tax planning strategies, handling audits and assessments, statutory compliance, etc  Developing financial models, valuation, dealing with Private equity and venture capital firms  Managing statutory and internal audits, organizing Audit Committee and Annual General Meetings annually  Handling assets Insurance, Forex risk, Information systems risk, credit risk, legal and regulatory risk.  Implemented full-fledged ERP across the organization, managing IT infrastructure and systems  Setting Key Performance Indicators and annual performance appraisals Show less

Chief Financial Officer

• Aug 2018 - Jun 2022

Finance Manager

• May 2016 - Aug 2018

Roles and Responsibilities Successfully established Treasury and Planning department Leading a team of 5 members and reporting to Chief Financial Officer. Treasury Management Managing liquidity of the corporate on a day to day basis Working capital management with savings around 3.5Mn Saudi Riyals of Interest costs Precise Cash flow forecasts (short and long term) leading to clear visibility and thereby achieving greater control. Booking forward contracts, documentation, compliance and accounting requirements Liasoning with bankers for availing and renewing credit facilities and relevant documentation. Negotiation with bankers for getting the best quote and pricing for loan products and charges Managing Letter of Credits,Guarantees,Trade documentation etc. Financial Planning and Budgeting Designed and Implemented Financial Models for projecting Financials for long term planning. Preparation of annual business plans based on inputs from cross functional teams. Analyzing future trends with respect to market factors affecting company and appraise management. Providing value added analysis for effective overhead allocation across products. Monthly preparation of product wise profitability reports to Management. Appraising CAPEX plans and approving projects. Managed annual budgeting processes, understanding business priorities and factors driving business Monitoring budgets, with reasonable prediction of expense and timing of costs. Reviewing budgets submitted by departments, analysis and approval Other areas Acted as a key player in implementation of VAT Prescribed policies and procedures,accounting documentation for CAPEX budgeting and investments Coordination with Statutory auditors with respect to audit of Treasury activities. Discussion with CFO regarding technical aspects of new IFRS and its impact on Financial Statements. Suggested improvements in process in accounting areas like Payables,Receivables and Fixed assets. Show less

Manager

• May 2008 - May 2016

Responsibilities Accounting / MIS / Reproting / Audit Preparation of Consolidated Financial statements as per IFRS and reporting to parent company. Preparation of Balance sheet and Profit and loss account under RevisedSchedule VI Finalization of accounts for statutory audits Coordination with Statutory auditors for completion of audit. Delivering Board Packages for audit committee and AGM. Monthly profitability reconciliation with Costing and reports to Business analysis team. Analyzing Business plan profitability for preparation of estimated Balance sheet. Month closing activities, passing relevant journal entries and closing books of accounts. IFRS implementation Acted as a key player in effective implementation of IFRS. Mapping of chart of accounts, preparing management notes for documentation Analysis of GAAP differences and giving accounting effect. Regular updates on IFRS for appraising management about the latest developments. Treasury Management Managed revolving credit facilities with eight banks (700 Mn USD),compliance with financial covenants. Managed investment portfolio amounting to 150 Mn USD and reporting results to Investment Committee. Reduced Forex exposure through natural hedges,Bills discounting and forwards Cross-functional cash flow forecasting process, improving forecast accuracy. Managing Trade documentation (Letter of credits,Guarantees) for Imports and exports ERP projects Customized many reports in SAP - FI module for real time reports thereby saving time during closing process Introduced new systems in Treasury such as Host to Host approval, Credit facility documentation, automatic email triggers to vendors Taxation Preparation of Income tax returns and computation of taxable income. Preparation of product wise and region wise Profit and loss for Transfer pricing purpose Submitting relevant information, preparing replies for Show Cause notices, appeals, refunds with respect to various tax assessments. Show less

Articled Trainee

• 2005 - 2008