Azoubi - Chief Financial Officer - Riyadh, Riyadh Province, Saudi Arabia

Najeh Azoubi

Riyadh, Riyadh Province, Saudi Arabia

Services

Chief Financial Officer

Summary:

Strategic Planning, Business Development, gap & SWOT analysis,
Management : Communication, Collaboration , Accounting & Financial Management, Cash & Fund Flow Management, Inventory Management, Accounts Reconciliation , Admin & HR Management.
Contract Negotiations & Strategic Alliances, Corporate & Investment Finance, Driving Growth.
Developing/Implementing Financial Policies & Procedure, Financial Structuring.
Forecasting : Strategically planning Budgeting ,cash flow, Balance Sheets, Taxation & legal compl.
Financial Reporting : Preparing Financial Statements, Accounting Principles, ,General Ledger Accounting\ GAAP, Profit & Loss Analysis \ IFRS.
Data Mining : Audit Reports, Internal Control, Management Reporting, Standardized Policies and Procedures Preparation of financial reports.
Leadership, Team Building, Motivation, Communication, Time Management, hard worker.
Financial Analysis : Analytical Ability, Costing, Cash Flow, Cost Control , Critical Thinking, Decision Making and Problem Solving.
Computer Related Skills: MS Office, ERP Systems (SAP, IFS Arabia, AX) and outlook \ Internet.

Work History

CFO

ANWAR ASHAMAL

From June 2012

Location: KSA, Bahrain, UAE Company Industry: Construction & Contracting, Trading

• Directly led a 4-managers including a controller and oversight for an 55-person staff. Broad scope of authority included executive guidance for all:
• Corporate/Operational Finance
• Accounting, Contracts and Procurement

• Treasury Taxation
• Mergers and Acquisitions

• Investors, Auditor Relations
• Risk Management.
najeh100 at gmail.com

Designation Chronology: Crafted an impressive growth path rising from the position of Finance Manager to Deputy CEO through multiple promotions
• Jan'08-May'12: Deputy CEO & CFO- Saudi Fal Co. (LBP- Emerson) + AlBilad Fire Fighting Systems.
• Mar'07 - Dec'7: Finance Director - Saudi Fal Co. (LBP- Emerson) + AlBilad Fire Fighting Systems.
• May '02 - Feb '07: Finance Manager - Saudi Fal Co. (LBP- Emerson).

Deputy CEO & CFO

January 2008 - May 2012

Location: Saudi Arabia Company Industry: Oil & Gas, Engineering., Contracting, Manufacturing.

AREAS OF EXPERTISE
• Accounting & financial management.
• Controllership & Decision Support.
• Strategic Planning and Organizational Leadership
• Budgeting & Cost Management.
• Contract Negotiations & Strategic Alliances.

• Growth & Expansion Strategies.
• Financial Analysis & Reporting.
• Team Building & Performance Improvement.
• Performance measurement& Resources Mgt.
• Global Operations Efficiencies.


Highlights:
• Oversight and management responsibilities include all areas of finance, asset structure, capitalization, earnings, cash flow, investments, banking, risk, agencies, investment houses, banks, financial auditors and financial regulators, governmental compliance, IT, HR, Credit, Cash Mgt., legal support, and procurement dept.
• Implementing new credit policy \ procedures of processing the orders which played an active role in saving 2%
• Played a key role in steering and restructure the departments in the organization which resulting in the augmentation of the processing of orders by 18% and marketing by 8%.
• Efficiently improved customer satisfaction and increased effectiveness of operation by establishing merchandise performance standards to 95%..

Finance Director

March 2007 - December 2007

AREAS OF EXPERTISE
• Dealing with all the management and financial transactions including borrowing costs, holding costs, assets register, bank facilities, accrual and prepayment . etc.
• Supervising, managing & controlling cash flow of projects, e.g: Aramco $ 23 mil., Sec $15 mil., SWCC $ 27 mil. Sabic $ 33 mil.
• Supervising and preparing statutory accounts. Year-end group consolidation account.
• Preparing annual budgets, quarterly forecasts and strategic plans for projects and potential development site.
• Preparing year-end tax calculation.

• Keeping abreast of changes in accounting and taxation regulations.
• Liaison with auditors and prepare audit work papers.
• Review: daily cash forecasts, Intercompany transactions, weekly loan & bank facilities and approve monthly bank reconciliations.
• Monthly payroll calculation and lodgment, fixed asset ledger maintenance, insurance finance ledger maintenance.
• Monthly and quarterly BAS. Monthly cash flow reporting, inter-company loan reconciliation and suspense accounts clearing.
• Annual FBT return. Hire purchase and leasing.


Highlights:
• Increasing the efficiency of shipments management by 17% and decreased logistic costs by 11%.
• Instrumental in analyzing and implementing cost control methods by reducing rejected and returned material resulting in increase of profits 3%. Also reduced the financial closing cycle from 14 days to 5 days.
• Effectively augmented cash flow and accelerated the improvement of collection, terms and conditions of payment, invoicing and delivery of materials by 2-3 times.
• Successfully acquired funding of more than $125.0 Million by maintaining investment banking relationships and conducting feasibility studies.

Finance Manager

May 2002 - February 2007

Highlights:
• Reduction of inventory levels by 11% on a 2% increase in sales by introducing operating margin analysis.
• Played a fundamental role in leading the analysis team to implement data analysis tools for merchandise performance and inventory management thus shortening data updating from 7 days to 2 day.
• Implemented enterprise-wide IFS financial and SAP ERP systems under oracle.

Finance and Administration Manager

Century Standard Textile

June 1997 - March 2002

Location: Jordan Company Industry: Manufacturing and Production

AREAS OF EXPERTISE
• Full cycle accounting.
• Financial statement preparation.
• Cash flow management & foreign exchange.
• Expenses analysis & monitoring.
• Budget & strategic planning.
• Diplomatic complaint resolution.

• H.S.T, Taxes /other Government remittances & Audit preparation.
• Bank, A/P & A/R reconciliation.
• Payroll processing & taxes deduction..
• Group benefits administration.
• Staff training.


Highlights:
• Solely managed relocation of finance activities from main center including re-hiring, training and transitioning of duties performed by 6 finance professionals.
• Managed and oversaw financial disciplines, including strategic planning, financial budgeting and forecasting.
• Reviewed/evaluated corporate tax structure and taxes paid resulting in savings of $50 K in first year for workers compensation expense, $35 K in property taxes and $67K in sales taxes.
• Utilized available manpower resources and augmented effectiveness of HR/Administration by 2 times and decrease cost by 4%.
• Led all HR, and managed administrative and compliance issues, public relation unit, security and safety, resolving all issues related to human resources and administration as per organizational standards and, facilities and operations.

Auditor

Amman- Jordan

February 1995 - May 1997

Jordan Company Industry: Audit and Financial Consultant

Highlights:
• Collect and analyze data to detect deficient controls, duplicated transactions, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
• Prepare detailed reports on audit findings: Inventory, cash, notes receivable and payable, negotiable securities and canceled checks to confirm records are accurate.
• Inspect accounting books and systems for efficiency, effectiveness, and use of accepted accounting principles and procedures to record transactions.
• Examine and evaluate financial and information systems, .

Skills: level
Strategic Planning, Business Development, gap & SWOT analysis, Expert
Management: Communication, Collaboration, Accounting & Financial Management, Cash & Fund Flow Management, Inventory Management, Accounts Reconciliation, Admin & HR Management.
Expert

Contract Negotiations & Strategic Alliances, Corporate & Investment Finance, Driving Growth. Expert
Developing/Implementing Financial Policies & Procedure, Financial Structuring.
Forecasting: Strategically planning Budgeting, cash flow, Balance Sheets, Taxation & legal compl. Expert
Financial Reporting: Preparing Financial Statements, Accounting Principles, , General Ledger Accounting\ GAAP, Establish & Implement sound Financial Management Standards, meet IFRS Standards, Profit & Loss Analysis \ IFRS.
Expert

Data Mining: Audit Reports, Internal Control, Management Reporting, Standardized Policies and Procedures Preparation of financial reports.
Expert

Leadership, Team Building, Motivation, Communication, Time Management, hard worker. Expert
Financial Analysis: Analytical Ability, Costing, Cash Flow, Cost Control, Critical Thinking, Decision Making and Problem Solving.
Expert

Computer Related Skills: MS Office, ERP Systems (SAP, IFS Arabia, AX) and outlook \ Internet. Expert

Qualifications & Certifications

CA

American Academy Financial Management

American Academy Financial Management

Accounting

Yarmouk University

Accounting

Albyte University

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