Faris Faisal
Jeddah,Saudi Arabia
Summary
Pro-Active result oriented with experience in all aspect of accounting and financial management. Demonstrated implementation of company strategies in achieving company growth. An experienced team player and problem-solver with keen attention to customer needs and details.
Overview
11
11
years of professional experience
4
4
years of post-secondary education
Work history
Senior Treasury Specialist
Saudi Airlines Cargo Company
Jeddah, Saudi Arabia
01.2024 - Current
- Evaluated new investment opportunities for potential revenue growth.
- Ensured regulatory compliance by reviewing and updating treasury procedures regularly.
- Enhanced financial performance by implementing innovative treasury strategies.
- Streamlined payment processes, enhancing supplier relationships and trust.
- Optimised cash management with insightful analysis and forecasting.
- Conducted detailed financial analyses with a view towards trend forecasting and risk mitigation.
- Established strong banking relationships for improved access to funds.
- Coordinated internal audit processes to ensure fiscal integrity.
- Managed daily finance services for smooth business operations.
- Developed strategies to increase profits and cost savings.
- Led finance transformation projects to reach company growth goals.
- Designed dashboards to enhance Business Intelligence and KPI reporting.
Senior treasury analyst
Saudi Airlines Cargo Company
Jeddah, Saudi Arabia
08.2022 - 12.2023
- Oversee pooling surplus fund from global outstations to HQ banks for investments and to maintain flow to ensure the availability of adequate cash for operational use and payment commitments and avoid exchange losses.
- Assist in the design and implementation of projects and process targeting the improvement of bank to GL reconciliation.
- Collecting all international bank SOA from the concerns- checking & Posting SOA`s manually.
- Bank Reconciliation of all domestic and international accounts
- Sharing /informing open line items to the concern department for further posting.
- Posting cross co intercompany entries which relates to bank-to-bank surplus transfers managing supporting for internal controls.
- Performing FX deals with bank
- Daily Cash position report along with investments.
- Cashflow projection quarterly - semiannually "if needed."
- Providing all required data from TREASURY which required by external and internal audit team.
- Year-end bank balance confirmations
- Bank reconciliation.
- Time deposit reconciliation
Senior Accountant
United Carton Industries Co.
Jeddah, Saudi ARABIA
07.2018 - 06.2022
- Contribute in monthly, quarterly and annual closings.
- Compute taxes and prepare tax returns.
- Contribute to preparing the balance sheets and profit/loss statements.
- Audit financial transactions and documents.
- Ensure accurate maintenance of bank accounts, balance, bank/treasure systems, and back cost information.
- Forecast daily cash requirements and execute daily financing decisions.
- Prepare or monitor company’s various cash flow forecasts and perform financial modeling.
- Monitor bank service fees and address quality issues.
- Preparation of monthly journal entries and posting activity to the general ledger.
- Payroll processing (WPS) & System Reconciliation with Bank.
- Bank reconciliation of Three major banks (SABB, SNB & BSF) including online payments and update bank records.
Accountant
United Carton Industries Co.
Jeddah, Saudi Arabia
04.2015 - 07.2018
- Preparing of Monthly Creditors Aging & Reconciliation.
- Responsible of entire payables (Domestic & Foreign suppliers)
- Ensure timely bank payments.
- Responsible of all related parties accounts.
Education
Bachelor of Business Administration - Finance
King Abdulaziz University
Jeddah 09.2010 - 01.2015
Skills
- Treasury management systems operation
- Regulatory compliance awareness
- SAP treasury module use
- Mergers and acquisitions financing
- Liquidity planning
- Investment portfolio strategy
- Internal audit experience
- Credit risk assessment
- Treasury operations
Languages
Arabic
Native
English
Advanced
Affiliations
- Sports
- Reading
Timeline
Senior Treasury Specialist
Saudi Airlines Cargo Company
01.2024 - Current
Senior treasury analyst
Saudi Airlines Cargo Company
08.2022 - 12.2023
Senior Accountant
United Carton Industries Co.
07.2018 - 06.2022
Accountant
United Carton Industries Co.
04.2015 - 07.2018
Bachelor of Business Administration - Finance
King Abdulaziz University
09.2010 - 01.2015