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Saudi Arabia Business Process

Location:
Al Khobar, Eastern, Saudi Arabia
Posted:
March 05, 2024

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Resume:

AHMAD M. JARADAT

Contact: 009**-**-***-**** E-Mail: ad34a5@r.postjobfree.com / ad34a5@r.postjobfree.com Location: Al Khobar, Saudi Arabia

SCRUPULOUS FINANCE MANAGEMENT PROFESSIONAL – Director, Group & CFO Level Profile

- A seasoned finance leader with over 2 decades of illustrious career in leading financial and business process improvement initiatives across diverse industry verticals by developing long-term business strategies and providing a balance business and finance perspective; innate ability in increasing revenues, developing profitable and productive business relationships with decision-makers; keen analyst with extensive knowledge of GCC financial markets

PROFESSIONAL OVERVIEW

Turned around the company with effective budgetary controls and cost control and cost reduction techniques, increased profits through financial governance and aligned deliverables that enable effective achievement of agreed profitability targets and service levels in compliance with budgets, plans and forecasts in a timely manner

Risk Champion, apt in developing risk mitigating financial policies to support rapid growth, continuously evaluating internal controls environment and ensuring that stringent controls and compliance standards are maintained to invest in future, sustainable business success and support rapid growth

Expert in developing & implementing strategic financial plans and process ensuring that robust & challenging policies & systems are in place to attain top and bottom-line profit; solid experience in finance, accounting, audit, and taxation coupled with hands-on experience in supervising overall activities of stores, sales, and MIS

Functional knowledge of local banking regulations including Shari’ah-compliant standards (AAOIFI, IAS), standard accounting standards (IFRS, GAAP) and Saudi accounting standards (SOCPA), as well as local regulations pertaining to Zakat and Taxation.

Skilled in liaising with Banks, Investors, Corporates, Financial Institutions, Consultancies, Law Firms, Rating Agencies and other stakeholders at senior levels for achieving the funding and project requirements

Verifiable experience in recommending and driving enhancements of company-wide IT/ERP systems in line with internal control and business requirements

Leadership Skills & Personality Traits:

Demonstrated excellence in leading a team of erudite professionals and engaging in evaluating / enhancing performance of team against the set targets, participating in recruitment, training the new team, doing promotion planning and providing valuable feedback for improvement

Energetic, entrepreneurial self-starter with strong business and commercial acumen, team building and relationship management skills; familiar with industry fair practices and statutes, translates business objectives to successful results through strong analytical and problem-solving skills

CAREER FACETS

Exhibited expertise in developing, maintaining and implementing strategy of finance, setting-up and implementing Group Management performance indicator (KPI’s), developing financial Management accounting reports for senior management & Board of Directors and designing & implementing an annual budget process with monitoring

Played an imperative role in successfully completing SAR3.8 billion banks facility in addition to completing three acquisitions; management and participated in due diligence investigation of finance and operations

Developed, maintained and implemented strategy of finance for Arabtec Construction – Saudi Arabia (April 2014); El-Seif Engineering Contracting Company (Aug 2010) and for Swayeh Group (Dec 2008)

Developed & implemented ERP System at Arabtec – Saudi Arabia (Developed Oracle for budget issue - Oct 2014) and at El- Seif Engineering (Implement new software build smart – Feb 2011)

Developed & implemented ERP System at SISCO– Saudi Arabia (Implement new software Foucs – Feb 2017),(in March 01,2023 start implement Oracle NetSuite).

RECENT EMPLOYMENTS

General Manager Finance /CFO SISCO & ESS & OBD – Saudi Arabia - Reporting to CEO & Board Nov 2016 to Till Date SISCO’s One of the lead oil & energy Construction company,& ESS Engineering Services company,& OBD Catering company. Chief Financial officer Mesmack– Saudi Arabia - Reporting to Group CEO - Sep 2015 to Nov 2016 Mesmack one of the top Construction & Development Real Estate Company in Eastern Province provide EPC, PM, CM and Design/Built services to clients across the Arabian Gulf States. Financial Director Arabtec Construction & SARACO & EFECO – Saudi Arabia – Reporting to Group CFO - Jan 2014 to Aug 2015

Arabtec is a leading engineering and construction group specializing in complex projects in the Middle East and North Africa, including high-rise commercial and residential development, infrastructure and oil and gas Group Financial Controller Zahran Holding Company – Reporting to the MD for the Group - Feb 2013 to Jan 2014 Zahran Holding Company is a premier diversified investment conglomerate active inside and outside of Saudi Arabia. Zahran Holding specializes in a broad spectrum of industries, ranging from Maintenance & Operation, Construction and Contracting, Travel and Tourism, Financial and Real Estate Investment, Home Appliances and variety of other businesses Financial Controller El-Seif Engineering Contracting Company - Reporting to the VP finance - Oct 2009 to Jan 2013 El Seif Engineering Contracting Company is one of the top construction companies in Saudi Arabia and the Middle East. It is reputable provider of world-class construction and engineering services with a long list of prestigious projects which represents some of the region’s major urban centers.

KEY DELIVERABLES ACROSS STINT

Developing, recommending and directing all short term and long range financial plans consistent with corporate philosophy and strategies; providing direction to all financial operations (company, project and subsidiary) to insure corporate financial data is as accurate and timely as possible, cash and assets are maximized and accounting systems are reliable and efficiently implemented

Acting as an integral part of the team established to develop new policies and procedures to better control business units with emphasis on maintaining various control registers such as stock inward and outward, staff movement register and asset register, etc.

Responsible for budgetary control including analysis of sales budget, targets, achievements and variances; verifying bank reconciliations, payments, controlled over-employee reimbursements, accounts receivable, billing, and expenses; led physical verification of stock and cash and oversaw administrative work

Maintaining banking relationships with existing institutions, locating new & diverse sources of liquidity from financial institutions, implementing a Cash Management Strategy and instigating investment strategy including laying down strict policy guidelines

Reviewing division's budgets (sales, production, materials, expenses, payroll, spares, supplies, utilities, selling expenses, general administrative expenses and non-operating expenses, etc.) and reporting variation analysis based on monthly and annual bases

Preparing and reporting the budgeted financial statements (Balance sheet, Profit & Loss, cash flow) supported with financial analytical reports (highlight & detailed oriented) showing financial indicators for management guidance

Meticulously conducting an in-depth analysis of expenses to identify variance in expenditure, if any, over different periods, and providing dashboard reports to management

PREVIOUS ENGAGEMENTS

Finance Manager Swayeh Group Jan 2008 to Oct 2009 Yearly Turnover: 850 Million SR Manpower: 3720 workers Highlights of the Role:

Entrusted with the accountability of looking after whole Group consisting of four units operated (construction, trading & two manufacturing) where each company is financially independent & consolidated accounts Finance Manager Shade Corporation Ltd. Jan 2006 to Jan 2008 Yearly Turnover: 450 Million SR Manpower: 850 workers Highlights of the Role:

Managed end-to-end finance activities for one of the top leading Construction Contractors in the Eastern Province – Saudi Arabia, specialized in turn key construction projects such as Tunnels, bridges, Industrial Plants, Manufacturing Plants, Office Buildings, and Commercial Complexes, erection work) Finance Manager A.S. Husseini & Part. Co Ltd. Jan 1999 to Jan 2006 Highlights of the Role:

Served as a Finance Manager for the whole Group consisting of three independent companies operated in four branches (Al- Khobar-HQ, Riyadh, Jeddah & Bahrain)

Assistant Finance Manager Region Hotels (Four & Three Stars) Jan 1995 to Dec 1998 Yearly Turnover: 3 Million Jordanian Dinars (approx.) Manpower: 250 Highlights of the Role:

Oversaw two separate Hotels in Amman – Jordan, one is classified as a three star while the other is a four star, in the capacity of Assistant Finance Manager

SCHOLASTICS PORTFOLIO

Master Degree - Business Administration American University of London 2007 B.Sc. in Accountant Yarmok, University, Irbid, Jordan 1995 Technical Capability: Hands-on experience in effectively employing MS Office utilities (Word, Excel, Outlook and PowerPoint), Oracle, Built Smart, Focus, InfoTech, Tag, Fidelio, and Internet Applications and utilizing the same to integrate multiple business objects and accurately document, estimate, and report issues & changes that occur during project/task execution

PROFESSIONAL ENHANCEMENT (Training)

Budgets and Cash Flow Management, Talal Abu Ghazaleh

Cost control, Talal Abu Ghazaleh

Novel Network Training, 1998

Safety and Evacuation Procedures, Region Hotels, Amman, 1997



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