Cheif financial Manager

Chief Financial Officer

Extensively experienced and goal-oriented Controller and Finance Manager with a demonstrated track record of leading the preparation and analysis of financial reports to summarize and forecast financial position Proven expertise in driving efficiency and productivity through evaluation of financial management systems and implementation of process improvements Talented leader directing highly skilled financial management teams to support achievement of overall corporate goals and objectives. Core competencies include:

Accounting Management

Financial Analysis

Forecasting

Cash Management

Budgeting

Cost Reductions

Technology Integration

Regulatory Compliance

Efficiency Improvements

ARGAS Board Audit Committee (Joint venture with TAQA) Dec 2015 up to date

Secretary of board TAQA Sanjel from May 15

Secretary of board TAQA Archer from Dec 16

TAQA Archer Board Member (Joint venture with TAQA) 2015 -2016

Career Experience

TAQA Sanjel & TAQA Archer – both companies a Subsidiary of TAQA group

Chief Financial Manager from May 2015 – present

TAQA Sanjel was created in Dec 2005 to provide the specialized Oilfield Services, Beginning operations in Saudi Arabia in 2009 with cementing services.

TAQA Sanjel vision is to be the company of choice in the global oilfield services industry.

TAQA Sanjel mission is to provide exceptional value to our employees and customers through superior operations, innovative solutions, complete team commitment and a dedication to 'Pride by Performance'.

Responsibilities:

Financial Reporting, 45% of time spent

Participates in Company decision-making and long-range planning activities

Participate in the Company executives committee meetings and support the GM in preparation of presentations to EXCOM and Board of directors.

Directs and coordinates the overall activities of team members in accordance with Sanjel policies & procedures

Collaborates in the financial planning and budget process and analyzes and corrects estimates

Coordinates and supports the timely execution of period and year-end processes

Develops and maintains consistent and best practices for internal and external auditing policies and procedures as well as identifying and rectifying internal control issues

Assists in the development and implementation of goals, policies, priorities, and procedures relating to financial management, budget, and accounting

Directs and participates in any required cost or revenue analysis

Assists to establish system controls for new financial systems and develops procedures to improve existing systems

Assists and directs the installation and maintenance of new accounting, purchase order, inventory and other related procedures and controls

Provides on-going communication and reporting to management regarding items which need to be addressed or followed-up on

Organizes all required year-end working papers for both Accounts Payable and Accounts Receivable and ensures all adjusting entries have been made prior to the arrival of external auditors

Completes special projects, assignments and other duties as required

Accounting Leadership, 35% of time spent

Encourages improvements in the processes from team members

Collaborates in the development of Key Performance Indicators (KPI’s) for processing transactions

Aligns training through on the job, internal or external courses

Manages an Accounting team with optimal performance and structure

Directs and coordinates the overall activities of team members in accordance with policies established by the Executive Committee including meeting deadlines

Communicates effectively with management, team members, clients and customers in the planning, coordination, and execution of services and initiatives including serving as a liaison between Sales, including Contract Accountants and Accounts Receivable departments

Collaborates with business partners in the planning and administration of human resource related practices including, onboarding, reward system including direct and indirect compensation (e.g., salary and benefits) performance management and training including supplying training to new members on verification of all service tickets and all Contract Administration

Fields questions the group members have and make decisions accordingly

Provides coverage for other team members as required

Internal Controls, 20% of time spent

Conducts audits with action plans agreed with local operations

Ensures that communication on Internal control procedures is made available to all members applicable to the Company and applied accordingly

Supplies input and collaboration together with key business partners in the improvement/amendments to internal control processes

Industrialization & Energy Services Company (TAQA)

Head Services- Subsidiaries Management from Nov 2013 – May 2015

TAQA is 45% owned by Saudi Government (Public Investment Fund) and remaining is owned by several industrials investors. TAQA main role is to develop and to participate in a wide range of services in support of the Oil & Gas, power, water, petrochemicals and mining sectors through forming specialized Joint Ventures and subsidiaries.

Responsibilities:

Reviews of the business plans, budgets, investment plans, performance plans, senior resource plans, senior succession plans for all subsidiaries operating in the Services/Manufacturing sector.

Supervises monitoring and control of the performance of subsidiaries through periodic meetings with the Business Analysts team, reviews and validates the outputs from these activities.

Performs the review of growth project appraisals of subsidiaries and the evaluation of TAQA’s corporate strategy.

Monitors the effective implementation of operational risk management policies.

Manages subordinates to ensure they fulfill their duties in the relevant section.

Trains develop and provide guidance to reporting staff to ensure they have the necessary skill base to perform against or above expected performance level.

Manages subordinate’s performance, develops and motivates staff, provides formal and informal feedback and appraisal - to maximize subordinate performance.

Supervises the preparation of periodic performance analysis reports on TAQA’s subsidiary performance.

Rotana Media Group, Cairo from 2008 – 2013

Finance Manager

Directed Ex. financial management functions including development of monthly/quarterly financial statements, financial forecasts, and budgets. Oversee general accounting functions, including AR/AP, account reconciliation and cash management. Administer all financial management systems, evaluating and integrating new applications. Develop highly skilled accounting and financial management team to achieve established objectives. Interact with the Board of Directors and President concerning financial forecasts and reports.

Spearheaded implementation of technology that improved tracking reducing operating expenses 20%.

Strategically restructured financial reporting processes in accordance with organizational changes.

Served as a key leader in effectively managing 15% annual revenue growth.

Responsibilities:

Liaison with auditors, banks and other companies on behalf of the company

In-charge of daily accounting and controlling

Consolidation and preparation of management forms and the quarterly management accounts

Preparation of the financial accounts including the balance sheet and the income statement

Analysis of the trial balance and reconciliation

Supervision of branch and corporate accounts

Controlling the budget

Strategic planning and budgeting

Dealing with direct and indirect tax issues

Negotiating with banks and financial institutions for loans

Baker Hughes, Al- Khobar from 2006 – 2007

Assistant Controller

Prepared financial reports, developed budgets and performed variance analysis in accordance with the business plan. Compiled periodic financial reporting packages for senior management Carried out internal audits to ensure regulatory compliance and operational efficiency/accuracy Built and led teams in carrying out special projects.

Responsibilities:

Monitor financial activity and provide accurate and timely financial reporting for the Board of Directors in compliance with US and local GAAP and company policy

Actively participate in the preparation of the annual business plan. This would include but not be limited to the income statement, balance sheet, cash flow, business metrics and capital spending.

Achieve organizational financial objectives including budget compliance; shipments; Income; Cash Flow; Expense Reduction; and Gross Margin Improvement.

Analyse financial results; identify and communicate deviations from plans and forecasts with recommendations for potential solutions and improvements.

Support and provide management as well as other areas within the group with relevant and timely financial information.

Meet all reporting deadlines with comprehensive; accurate; complete and responsive data.

Maintain a Control Environment sufficient to reduce the chance of material weakness or significant deficiencies as defined by Sarbanes-Oxley for North America. Participate in Sarbanes-Oxley documentation; testing and remediation activities.

Eliminate non-value-added activities and automate or streamline processes to accommodate higher levels of throughput.

Promote professionalism and teamwork; operating within a performance-based culture. Strengthen professional level of staff and providing development for high potentials. Continually search for more productive means of performing the finance functions.

Attend and provide input at your local accountability meetings.

Coordinate the activity of the annual physical inventory and fixed asset verification process.

Perform Job cost analysis and review.

Special projects and other duties as assigned

Acting Admin Manager

Responsibilities:

Responsible for electrical, electronic and mechanical maintenance and repair

Recruited administrative and clerical staff

Monitor building and renewal of development work

Liaised with support services

Monitored and supervised all functions relating to planning and budgeting

Supervising a team of 16 persons.

3rd party contracts which include manpower, housing, travel, taxi services, Visa Agents and car rental.

Coordinating all visa process on KSA and outside KSA.

Coordinating the team to solve all the problems with government offices (Gosi – labor)

Supervising a house staff (sunrise compound).

Preparing the Gosi sheet – headcount of the employees

Olayan Group, From 2003- 2006

Financial Analyst

Working as part of a team within a fast-paced environment in the financial services industry dealing with clients, analysts and schedules Responsible for developing financial forecasts and generating internal management reports

Responsibilities:

Researching and analyzing financial information relating to specific companies.

Writing reports with regards to clients and their service history.

Coordinating and consolidating of annual business plans.

Coordinating meetings between Analysts and clients.

Providing phone coverage by screening calls, responding to inquiries.

Providing analytical perspectives to important strategic decisions.

Conducting financial reviews of business issues like deal analysis etc.

Creating reports to help business teams across the region manage their spending.

Making presentations and recommendations as to which funds should be included in portfolios.

Saudi American Bank From 1999 – 2003

Branch Operation Manager: -

Managed the women branch

Cross Selling to the customer.

Expanded sales to include mass-market accounts

Teller: -

Carried out general ledger functions, including account analysis and reconciliation, journal entries and AR/AP. Prepared financial statements

Key Achievement:

Consistently met deadlines while demonstrating strong analytical and problem-solving skills to achieve corporate objectives.

Process all cash transactions

Customer Services: -

As a temporary staff of the conversion project

Convert all United Saudi Bank (USB) accounts from its system into samba system.

As a customer services representative In the Samba head office during this period I further studied Samba procedures as well as documents filing and safekeeping requirements. Also participated in training EX-USB employees on the Samba system & procedures The Samba head office women branch was newly established when I joined. Accordingly, I took a major role in establishing & developing some of the work procedures.

Courses: -

Value Added Tax - Implementing Regulations (E&Y)

Transition to IFRS (E& Y)

IKTVA Seminar (Aramco)

Zakat & Tax Seminar (PWC)

IFRS Seminar (PWC)

Improving Board effectiveness

CFO Programme

CORP - Prevention Discrimination & Harassment

CORP – InfoSec

CORP - Ethics Ethique

Supervisor cornerstone program

Finance Awareness

Business Ethics

Code of conduct

Foreign Corrupt Practices Act

Information Security Awareness Program

Health Safety & Environmental Management System

Back Safety

Samba Quality Overview

Contracts Courses

Education

Certified Public Accountant

Accounting Advanced & Stock and Finance (2002)

CAMBRIDGE ACADEMY

Bachelor of Science, Accounting & Finance (1995)

Cairo University

LinkedIn http://sa.linkedin.com/pub/manal-al-mutawa/1b/ba/91b/ sa.linkedin.com/pub/Manal Al-Mutawa/1b/ba/91b/

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