Elnaiem Elkhalifa
Chief Financial / Administration Officer
Riyadh,Saudi Arabia
Summary
Solid background as a Chief Financial Officer, expertise in transforming troubled companies to profitable enterprises. Mastery of a full spectrum of finance services, including strategic planning, internal controls, IFRS awareness , bench marking studies , procedures , work flow and Investor relations. Comprehensive consultation experience, including advanced upgrading of computer systems. Enthusiastic about developing policies, procedures and both short- and long-range objectives for FMCG companies.
Additional capabilities are listed in the enclosed resume.
Overview
15
15
years of professional experience
Work History
Chief Financial Officer
The Roasting House Est.
Riyadh, Saudi Arabia
01.2021 - 03.2022
- Review overall financial process and documentation cycle and formulate new workflow to ensure complying with IFRS & SOCPA standards
- Create ,review and submit regular financial reports such as income statement , cash flow, Actual Vs Budget report to determine variances with analysis
- Contact and mange deal of choosing new accounting system that comply with internal needs and regulator requirements ( E-invoicing , VAT and Zakat )
- Manage and review all costing details to come out with accurate product cost and enhance company profitability
- Manage Zakat assessment file with Zakat representatives and submit all requirements for last three years audit
- Keeping abreast of changes in financial regulations and legislation to avoid risks
- Contribute on pricing committee in order to review current sales prices and set price for new sales items by support committee with detailed , audited and accurate costing report with suggested sales prices
- Set policy of receivable & payable credit limits control to mitigate risks
- Liaising with auditors to ensure annual monitoring is carried out
- Manage E-Commerce finance related issues such as integrate sales information to ERP system, confirm coding and pricing new sales items and confirm sales with bank details.
- Scaled sustainable growth by conducting extensive reviews of existing systems, processes, controls and KPIs.
- Defined and led [5] year financial strategy, navigating and responding to all business challenges.
- Designed robust financial framework and payment system to govern processes across all departments.
Finance Manager
First Economic Company, Bakery & Company
Riyadh, Saudi Arabia
08.2012 - 11.2020
- Managing company's financial accounting, monitoring, and reporting systems
- Monitoring and interpreting cash flows and predicting future trends
- Formulating strategic and long-term business plans
- Researching and reporting on factors influencing business performance
- Developing financial management mechanisms that minimize financial risk
- Conducting reviews and evaluations for cost-reduction opportunities
- Liaising with auditors to ensure annual monitoring is carried out
- Developing external relationships with appropriate contacts, e.g., auditors, solicitors, bankers, and statutory organizations such as Inland Revenue
- Producing accurate financial reports to specific deadlines
- Managing budgets
- Identify, Analyze, control, and manage overall company risks aspects
- Arranging new sources of finance for company's debt facilities
- Supervising staff
- Keeping abreast of changes in financial regulations and legislation
- Receivable & Payable credit limits Control
- Major Contribution on company overall financial stability.
- Delivered training and development to junior finance employees for progression and best practice improvements.
- Monitored and reviewed financial controls, processes and procedures to enable best practice development.
- Collaborated with marketing on budget preparation to ensure alignment with company requirements.
Finance Manager
Khartoum Co. for Agr.&Animal Production, ALRAWABI
Khartoum, Sudan
01.2009 - 02.2012
- Formulate company budget - cashflow and income statement deviation follow up
- Credit Control and risk management
- Build and maintain company financial relationship with banks , shareholders and regulators
- Ensure tight financial internal control
- Performed finance and raising capital activities
- Attend executive periodical meetings to present finance position reports
- Department supervision.
Regional Sales Accountant
Saudi Ceramic Company - SCC Riaydh , KSA
Khamis Mushait, 'Asir Region
05.2002 - 11.2008
- Administrative
- Main Achievements :
- Contribute on setting annual business plan
- Implement sales plan designed to achieve sales and financial goals
- Work to meet monthly revenue objectives
- Credit control and overdue risks management
- Develop, lead and interact with decision maker to attain client commitment
- Make segment sales report to monitor & analyze market trends / needs
- Using range of financial tools and techniques to motivate sales staff achieving targets
- Ensure tight Internal control of cash flows , costs and warehouse activities .
Sales Accountant
Saudi Factory For Fire Equipment - SFFECO
Riyadh, Saudi Arabia
08.1998 - 03.2002
- Duties & Responsibilities :
- Perform customer credit control
- Monitoring stock availability, orders and maintenance contracts
- Issuing invoices and following collections
- Reconcile and confirm accuracy of customers account statements
- Review ERP system A/R journal records to confirm and report to finance
- Follow maintenance sales contracts to schedule respective payments
- Guide team of salesmen to achieve their monthly targets.
Banking Accountant
AL Shamal Islamic Bank Khartoum ,Albalad Bank Now
Khartoum, Sudan
09.1990 - 06.1998
- Gained lot of valuable practical experiences in all commercial bank sections current accounts, treasury, and money transferring, investment and credit section
- Duties & responsibilities are include but not limited to :
- Manage cash inflow/outflow as cashier and maintaining respective records
- Figuring out and resolving journal / ledger transactions errors
- Following- up notes receivable and payable Accounts follow up their due dates
- Preparing reconciliations for all bank accounts
- Following-up, controlling and reviewing of bank charges and commissions and their conformity with contracts concluded
- Issuing required letters of guarantee in accordance with beneficiary contract
- Preparing letters of credit opening documents
- Preparing money transfer requests and its required documents
- Accurately documented all cash, credit, fixed assets, accrued expenses and line of credit transactions.
- Prepared monthly bank reconciliations with 100% accuracy.
Education
Master of Business Administration - Finance
GCCST, Garden City College for Science and Technology
Khartoum Bachelor (BSc / BA) - Economics
Omdurman Islamic University
Khartoum State , Omdurman Skills
Operational leadershipCapital structure controlSales forecastingStrategic planningCash and liquidity risk managementInternal business planningBudget governanceFunding process managementEntity-wide financial planningKPI managementManagement accounting
Quantitative analysis
Accounting principles
Documentation requirements
Reporting expertise
Operational decision making
Personal Information
Current position : Chief Financial Officer .
KSA Residence Permit Status : Transferable
Timeline
Chief Financial Officer
The Roasting House Est.
01.2021 - 03.2022
Finance Manager
First Economic Company, Bakery & Company
08.2012 - 11.2020
Finance Manager
Khartoum Co. for Agr.&Animal Production, ALRAWABI
01.2009 - 02.2012
Regional Sales Accountant
Saudi Ceramic Company - SCC Riaydh , KSA
05.2002 - 11.2008
Sales Accountant
Saudi Factory For Fire Equipment - SFFECO
08.1998 - 03.2002
Banking Accountant
AL Shamal Islamic Bank Khartoum ,Albalad Bank Now
09.1990 - 06.1998
Master of Business Administration - Finance
GCCST, Garden City College for Science and Technology
Bachelor (BSc / BA) - Economics
Omdurman Islamic University