Name: Rami Abdurrahman Abuelsamen

Address: Riyadh KSA

Mobile: +966 - 506465685

Personal Email: ad3fjp@r.postjobfree.com

Personal information:

Nationality: Jordanian

Marital status: Married, have 4 kids

DOB: 31/10/1970

Academic qualification:

Bachelor in Accounting, University of Jordan - 1992

Professional certification: CPA – Certified Public Accounting, University of Illinois 1997-USA.

Professional Memberships:

• American Institute of CPAs- USA (AICPA)

• Illinois CPA Society-USA (ICPAS).

•Jordanian Ass. Of CPA - Jordan (JACPAS)

•Member of IMA-USA.

Profile:

• Over 20-year financial, accounting, and auditing and investment management, Family business experience in Saudi Arabia in senior roles with leading Saudi conglomerates.

• Solid in financial management track record in Saudi– developed the Finance department of leading conglomerates in Saudi and implemented best practices in accounting, cash management, risk management, internal audit and corporate governance.

• Hands on experience in accounting, auditing, cash management and financial planning related tasks

• Solid contacts with leading financial institutions in Saudi Arabia.

• Strong ability to use computerized integrated financial accounting systems such as 'Great Plains dynamics and IFAD'.

Skilled in areas of: Cash management, investment, raising fund, Risk management, financial reporting, ERP implementation, internal controls. Finance Department Restructuring, budgeting and financial analysis. Board member, business development, cutting Cost and IPO process.

Work experience:

Almana hospitals Group may /2018 –present.

Group CFO reporting to CEO

Responsible for all financial and fiscal management aspects of City operations and to provide leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the company. Ensuring the provision of financial services and management and to enable the organization to achieve its operational and strategic goals and initiatives in compliance within legal and regulatory requirements.

Also responsible for:

Monitor and direct the implementation of company’s strategic business plan and assist in formulating and reporting performance measures that support the group’s strategic direction.

Directs and analyses studies of general economic, business, and financial conditions and their impact on the organization's policies and operations.

Accountable for administrative and financial operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy and ongoing development and monitoring of control systems designed to report accurate financial results.

Responsible for administration, planning, forecasting, adding quality and meaningful analysis and financial acumen necessary for corporate decisions, resources allocation process, strategic planning and monitor financial risk based models related to new services or lines of business.

Responsible for all financial management including budgeting management and analysis, financial modelling, cost benefit analysis, forecasting needs, accounting and treasury operations, M&A,investment strategies, capital expenditures management and financial reporting.

Review and submit periodic financial report to the CEO, Board of Directors, Audit Committee by providing financial position, stability, liquidity, growth and analysis and explanation on financial indicators and elements to ensure the Board and stakeholders /regulatory authorities are fully aware of any significant items which are part of the published financial reports.

Analyses, consolidates, and directs all cost accounting procedures together with other statistical and routine reports.

Analyzes operational issues impacting functional groups and the whole company, and determines their financial impact.

Establish finance policies and procedures applicable to all divisions across the Group.

Ensure accurate and timely record keeping and financial reporting in-line with best financial practices and auditors requirements.

Prompt and timely finalization of Audit, Zakat and filing of VAT return.

Review the master price (list), participate in negotiations, ensure proper collection of claim and prompt settlement of various sponsors.

Directs the accounting and finance team in providing and directing procedures and computer application systems necessary to maintain proper records and to afford adequate accounting controls and services.

Develop and drive process change improvement within the department and the group as whole.

Approving all the financial transactions limit according to the authority matrix, once the matrix is set.

Initializing the IPO process whenever decided and planned by the management at a future date

Implementation of IFRS.

Serve as primary liaison with the banking relationships including debt and equity financing for the whole group including local and international banks and governmental loaning agencies in coordination with treasury.

Develop and manage efficient treasury protocols including management of cash balances and cash forecasts.

Directs, Establishes and maintains the organization's relationship with shareholders, and investment community by performing the following duties personally or through subordinate managers

Participate in key decisions as a member of the executive management team and maintain in-depth relations with all members of the management team.

Build, lead, develop, motivate and retain a high performance integrated team finance function. This include recruiting strong professional,setting clear KPI’S and motivating and managing the team to achieve these, ensuring an ongoing focus on continuing professional development and facilitating cross-departmental collaboration to solve problems and meet stakeholder needs by integrating others to a team, being open to better arguments, giving honest feedback, motivating, sacrificing ego for the teams benefit by sharing success.

Create a work environment and culture that fosters high performance in teams, focused to the achievement of aggressive growth and profit objectives.

Investigate spending of the company including cost effective benefits as well as fringe benefits for the employees.

Review the HR processes, activities and future plans in depth and suggest to the management, ways and means to have a strong HR base for the company, commensurate to its size, nature of business and the types of employees. (

Suggest to the management where required, after due consultation with the Medical Directors and the CEO and based on available data and input, realignment of medical staff comprising of doctors, nurses, medical technicians among the 8 medical entities within the group such that the ratio of doctors to nurses to the medical technicians are reasonably consistent among each of the entities within the group, after taking into consideration, the unique nature of services rendered in each of the entities and the utilization capacity of each of such entities .

Establish and institutionalize world class operating standards, system and procedures including the development of system to share and proliferate best practices across the group

Conduct full review of the present information technology system implemented in the company including the various standalone system operating in billing, property control, human resources, college and trading division and suggest improvements or new implementation, as the case may be, in consultation with the accounting and finance team, IT team and the management .

Oversee management of Group assets/properties and working capital management as per guidelines set and agreed.

Develop, Implement and monitor reliable financial controls including internal controls within all groups divisions.

Provide overall direction for business-partnering opportunities to the financial arena by carrying out financial analysis of venture e.g. investments, disinvestments and mergers to ensure success for the venture and minimize risks.

Proactively drive business results throughout the group: The Group CFO would need to be familiar with the operating levers of the group’s business and play an important role in creating consciousness within the group about the key financial parameters impacting the business. In addition, he would need to proactively participate in strengthening the business image of the group through his involvement in key initiative across all the functions.

Accurate financial reporting and disbursal of financial information within the group. The incumbent would need to establish and maintain financial processes and system that are completely transparent, efficient and accurate. He would need to anticipate the financial information requirements of the business and have in place the tools and the reporting systems to facilitate appropriate operational decisions and for external reporting purposes.

Lead the team and ensure objectives are met at all times

Achievements:, Cash management, Initializing and preparing the group for the IPO process. raising fund, Risk management, financial reporting, IFRS Conversion 9/15/.ERP implementation, internal controls. Finance department Restructuring, Budgeting and financial analysis.AP finance merge.

Sultan Bin Abdulaziz Humanitarian City - KSA Dec/2012-03/2018

Position: Finance Director (CFO) (Reporting to CEO)

Responsible for all financial and fiscal management aspects of City operations and to provide leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the company. Ensuring the provision of financial services and management and to enable the organization to achieve its operational and strategic goals and initiatives in compliance within legal and regulatory requirements.

Also responsible for:

Facilitate the City strategic planning, business prioritization and resource allocation processes.

Manage the finance staff through establishment of performance goals, allocation of resources and assessment of policies of direct reports;

Analyse and interpret data and develop clear and informative methods to present financial information, special projects and focused studies to executive management within the hospital and the Group;

Evaluate continuously, in coordination with the operation management, the economic and social forces and government influences, and interpret their effects upon the division's financial performance;

Establish and maintain the objectives and strategy for the finance department that are linked to the Group Finance's objectives and strategy;

Support, communicate and participate in Group Finance initiatives;

Conduct meetings with staff to ensure compliance with established practices, and keep employees aware of current standards and changes that are occurring within the Group;

Direct and control a comprehensive budget including allocations for capital budget, in coordination with the Group Finance department;

Prepare monthly and quarterly reports for the division and City management outlining the division's financial position in all areas based on past, present and future operations, including variance analysis of actual to budget performance;

Organize and maintain an effective system of accounting that is aligned with City initiatives;

Present recommendations to CEO with respect to costs, charges, rates, etc. to provide income to support division initiatives;

Consult with and advise other division executives on policies, operations, objectives and financial positioning;

Revaluate the established systems and ensure compliance with those policies, plans, procedures, Contracts, laws and regulations.

Approving all the financial transactions for certain limit according to the authority matrix.

Controlling and supervising collection section in order to speed order to cash process

Review all the bank facilities with banks and negotiating them in order to achieve the best rate, terms and deal.

Handling all the cash management and financial planning related tasks in coordination with the treasury section.

Coordinate and directing the IT section work concerning the internal control and financial reports.

Coordinate with external and internal auditors and clear the bending issues in order to finalize it on time.

Recruit, organize, train and manage staff

Cash management,, Risk management, financial reporting, ERP implementation, internal controls. Finance department Restructuring, Budgeting and financial analysis.

Abdul Ghani Elajou Holding Group Riyadh- KSA 9/2011-Nov/2012

Position: Group CFO and board member (Reporting to the board)

Responsible for all financial and fiscal management aspects of company operations and to provide leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the company. Ensuring the provision of financial services and management and to enable the organization to achieve its operational and strategic goals and initiatives in compliance within legal and regulatory requirements.

Also responsible for :

Facilitate the group strategic planning, business prioritization and resource allocation processes.

Communicate financial information to the board and collaborate with management regarding the business strategy.

Manage the finance staff through establishment of performance goals, allocation of resources and assessment of policies of direct reports;

Analyse opportunities for acquisitions, divestitures, initial public offering, joint ventures and other strategic alliances and ensure that the opportunities are aligned with the Group strategy;

Analyse and interpret data and develop clear and informative methods to present financial information, special projects and focused studies to executive management within the hospital and the Group;

Evaluate continuously, in coordination with the operation management, the economic and social forces and government influences, and interpret their effects upon the division's financial performance;

Establish and maintain the objectives and strategy for the finance department that are linked to the Group Finance's objectives and strategy;

Support, communicate and participate in Group Finance initiatives;

Conduct meetings with staff to ensure compliance with established practices, and keep employees aware of current standards and changes that are occurring within the Group;

Direct and control a comprehensive budget including allocations for capital budget, in coordination with the Group Finance department;

Prepare monthly and quarterly reports for the division and Group management outlining the division's financial position in all areas based on past, present and future operations, including variance analysis of actual to budget performance;

Organize and maintain an effective system of accounting that is aligned with Group initiatives;

Present recommendations to Group management with respect to costs, charges, rates, etc. to provide income to support division initiatives;

Consult with and advise other division executives on policies, operations, objectives and financial positioning;

Develop and drive process change improvement;

Perform other related duties incidental to the work described herein.

Revaluate the established systems and ensure compliance with those policies, plans, procedures, Contracts, laws and regulations.

Oversee and review the budgets with the GM’s, compare with actual figures and analyse the variances and take the necessary action.

Approving all the financial transactions for certain limit according to the authority matrix.

Supervising and approving the credit control section transactions according to the authority matrix.

Controlling and supervising collection section in order to speed order to cash process

Review all the bank facilities with banks and negotiating them in order to achieve the best rate, terms and deal.

Handling all the cash management and financial planning related tasks in coordination with the treasury section.

Coordinate and directing the IT section work concerning the internal control and financial reports.

Coordinate with external and internal auditors and clear the bending issues in order to finalize it on time.

Recruit, organize, train and manage staff

Dr. Sulaiman Al Habib Medical Group Riyadh, KSA 2005 till Aug 2011

Position: Executive Director (Finance)

Duties & Responsibilities:

Advised HMG on their expansion strategy and funding requirements.

Conducted and reviewed the feasibility studies (market studies, financial projections, analysis & etc.) for all new business projects to ensure that the company is making the right investment decision.

Led HMG restructuring plans and preparatory works for their Initial Public.

Identifying the areas of highly expected/suspected risk and suggest the appropriate action.

Review and evaluate the established systems to ensure compliance with those policies, plans, procedures, contracts, laws and regulations that could have a significant impact on operations and reports and determine whether the organization is in compliance and suggest the required actions.

Tends to focus strictly on finance, accounting and on more complex finance and investment activities of the organization.

Provides advisory services to HMG on matters relating to financial issues.

Handling all the cash management and financial planning related tasks.

Deals with top-level bank executives and investment advisors. Arranging all HMG needed facilities with banks and negotiating them in order to achieve the best rate, terms and deal.

Managing all other related or sister companies like contracting company and maintenance and operating company and dental clinics. Perform all the analytical procedures and ratio analysis especially the ROI to all sisters companies and evaluate whether to be continued or discontinued.

Handling all the negotiation with the other companies to be acquired on behalf of the owners.

Execute transactions with business & financial modelling, valuation, due diligence, negotiation, closing and exits.

In-charge of managing the investment personal portfolio of Dr. Sulaiman Al Habib personal.

Owner representative on the company’s board that we invest in.

Evaluating and studying all the private equities and investment opportunity including acquisition and mergers plans before executing.

Responsible for day-to-day decisions about what levels of assets should be allocated to different investment vehicles especially on difficult market conditions.

Achievements: leading IPO process from A-Z, Cash management, raising fund, Risk management, financial reporting, ERP implementation, internal controls. Finance department Restructuring, Budgeting and financial analysis.

Dr. Sulaiman Al Habib Medical Center Riyadh, KSA (2001 to 2005)

Position: Internal Audit – TQM Director (Reporting to the Chairman)

Duties & Responsibilities:

Restructuring of all departmental charts and revised the job descriptions of all functions to maximize the work efficiency and to avoid redundancy.

Conducting the feasibility studies (market studies, financial projections, analysis & etc) for all new business projects to ensure that the company is making the right investment decision.

Accomplishment of audit objectives set by the top management.

Development of internal auditing charter plans to meet internal audit objectives and submit annual audit plans to the General Director and Chairman for review and approval.

Identifying the areas of highly expected/suspected risk and suggest the appropriate action.

Review and evaluate functional areas to determine whether they are efficiently and effectively carrying out their functions of planning, organizing, directing and controlling in accordance with management instructions, policies and procedures.

Review and evaluate the established systems to ensure compliance with those policies, plans, procedures, contracts, laws and regulations that could have a significant impact on operations and reports and determine whether the organization is in compliance and suggest the required actions.

Achievements:, ERP implementation, internal controls. Finance department Restructuring, Budgeting and financial analysis.

Rajab & Silsilah Group (R & S Co.) Riyadh, KSA (Aug, 2000 to May, 2001)

Position: Finance Manager (Reporting to the General Manager)

Duties & Responsibilities:

Turned the company's manual accounting maintenance into computerization (Dynamics Great plains) and experienced successful results and this helped the company to analyse its profitability on time and this ultimately lead to making significant business decisions.

Responsible for establishing, maintaining and monitoring the adequate internal checks and control systems for all the company assets and its activities and ensure the implementation of policies & procedures across the Group for better operational flow.

Oversee the budgets, cash flows, compare with actual figures and analyze the variance and recommend suitable solutions.

Negotiating project financing (short term and long term working capital) with all banks and financial institution.

Oversee financial and accounting system controls and standards and ensure timely submission of the financial and statistical reports to the top management/others.

Achievements: Cash management, Risk management, financial reporting, ERP implementation, internal controls. Finance department Restructuring, Budgeting and financial analysis.

Nazer & Banaga KPMG Riyadh, KSA (Dec,1998 to Aug, 2000)

Position/Title: Senior Auditor

Duties & Responsibilities:

Planning, guidance and supervision of Audit Teams and review the assistants' paper work and performance.

Identified, sourced and prioritized clients' business and information processing risks.

Determination of risk reduction approaches for audit purposes.

Review of engagement works to comply with "generally accepted auditing standards", KPMG documentation standards and local legislations and regulations.

Review the clients' Internal Controls to detect weaknesses if any in their accounting systems/ operational and suggested appropriate recommendations

Achievements: Issuing audit financials, special assignment.

Mamoun Farouka Amman, Jordan (Aug, 1992 to Aug, 1993 & Sep, 1997 to Dec, 1998)

Position/Title: Senior Auditor

Duties & Responsibilities:

Planning, guidance and supervision of Audit Teams and review the assistants' paper work and performance.

Identified, sourced and prioritized clients' business and information processing risks.

Determination of risk reduction approaches for audit purposes.

Review of engagement works to comply with "generally accepted auditing standards", KPMG documentation standards and local legislations and regulations.

Review the clients' Internal Controls to detect weaknesses if any in their accounting systems/ operational and suggested appropriate recommendations

Achievements: issuing audit financials, special assignment and investigations

Audit Bureau - RJ Amman, Jordan (Aug, 1993 to Aug, 1997)

Position/Title: Auditor

Duties & Responsibilities:

Planning, guidance and supervision of Audit Teams and review the assistants' paper work and performance.

Identified, sourced and prioritized clients' business and information processing risks.

Determination of risk reduction approaches for audit purposes.

Review of engagement works to comply with "generally accepted auditing standards", KPMG documentation standards and local legislations and regulations.

Review the clients' Internal Controls to detect weaknesses if any in their accounting systems/ operational and suggested appropriate recommendations.

Conduct field audits for various clients in different industries such as Banking, Financial institutions, Insurance, Hotels, Contractors, Manufacturing, Hospitals and Trading Companies.

Achievements: issuing findings and investigations report .

Training:

Attended various courses/seminars related to Accounting, Auditing, Taxation, computer system /applications, treasury and corporate customer affairs, stock market forum and initial public offering for private family businesses.

Skills:

Languages: Fluent in English and Arabic

Computer: Microsoft office and ERP implementation (Oracle, Dynamics)

Others: Financial analysis, investment and Healthcare expert.

References: Available upon request.

Attachments:

1.Personal Information:

a)Executive Summary

b)Curriculum Vitae

c)Professional Knowledge, Strengths and Achievement Summary

2.Academic/ Professional Memberships:

a)Certificate – USA CPA Association

b)Certificate - Jordan CPA Association

3.Employment Certificates:

a)Certificate of Employment –Royal Jordanian

b)Certificate of Employment – Mamoun Farouka & Co.

c)Certificate of Employment – KPMG

d)Certificate of Employment – Rajab & Silsilah

e)Certificate of Employment – Dr. Sulaiman Al Habib Medical Group

f)Certificate of Employment – Abdul Ghani El Ajou Group

g)Certificate of Employment – Sultan bin Abdulaziz Humanitarian City

4.Trainings:

a)Lean & Six Sigma Green Belt Certificates

b)Balance Score Card Training Certificates

c)IFRS specialist.

d)International CFO Seminars.

Contact this candidate