Yamen Natafji
Chief Financial Officer
Riyadh
Summary
Persistent leader eager to lead and grow organizations with more than 16 years experience within finance with direct experience in administrative accounting, general financial reporting and consolidations as well as management account reporting and FP&A on new products. Skilled in strategic planning, problem-solving, and communication with good understanding of business principles, project management and team leadership. Involved in Strategy & PMO having covered strategies for cost reduction, revenue optimization, process streamlining and project management for implementing new ERP systems. Currently manages relationships with FIs for raising finances for mergers and potential joint ventures with agencies in the Pharmaceutical industry. Operational responsibility actively involved in partnering with P&SC, IT, product, HR and compliance departments. Working experience has regional focus which covered Saudi Arabia, Syria and Turkey with indirect exposure in the USA, UK and Western Europe through partnership and procurement interactions. Sector and industry exposure includes Pharmaceutical, Medical, Manufacturing, Trade & Distribution, Transportation & Infrastructure and Retail. Managed teams of up to 14 staff.
Overview
18
18
years of professional experience
6
6
years of post-secondary education
3
3
Languages
Work History
Chief Financial Officer
AcedrA Pharmaceutical Company
Riyadh
09.2019 - Current
- Prepare annual financial plans and Feasibility Studies for new projects
- Monthly report company’s financial status to CEO and Board
- Oversaw budgets, payroll, and accounts payable and receivable.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Oversaw deployment of strategic business plans to accomplish accounting, compliance, and revenue targets.
- Created, planned, and implemented policies and procedures to increase productivity and maximize return on investments.
- Liaise with Pharmaceutical products manufacturers and international suppliers to improve contracts terms, payments facilities and credit lines
- Negotiating Suppliers’ contracts & agreements to maintain the supplying stability and improve the working capital rotation
- Administrate company’ bank accounts and manage the relationship and contracts with Banks
- Initiating Bank facilities for the company by adding 3 new banks
- In addition to negotiating and improving credit limits, tenor, and rates periodically
- Supervising government collections procedures with 90% success rate for collecting company’s old receivables in 2020
- Minimizing Accounts receivables aging by more than 30%
- Control issuance of tenders’ Bid Bonds and Performance Bonds
- Supervising and monitoring clients Invoicing process according to Finance and compliance regulations
- Prepare company’s Cash flow and special projects cash flow reports
- Prepare and review annual financial reports
- Manage relationship with external auditors to issue audited reports approved from Zakat, Tax and Customs Authority
- Prepare and review VAT applications & and approve it from the Statutory authority
- Supporting operations team to facilitate and empower business cycle
- Analyzing strength and weakness of company’s financial status and propose corrective actions where possible to improve company’s profit margin
- Implementing new ERP system
- Participating in improving, enhancing and periodic reviewing of company’s standard operating procedures SOP’s
- Analyze operational issues and implement corrective action to maximize profits
Accounting & Financial Affairs Manager
N5 Holding Company
Riyadh
12.2012 - 08.2019
- Supervise and control companies' expenses and treat surplus
- Prepare annual financial plans according to management suggestions and market studies
- Monthly report company financial status to Chairman
- Prepare final annual budgets for N5 Holding and subsidiaries
- Supervise institutional and private clients’ collections (Account Receivables)
- Manage payment certificates of sub-contractors (Accounts Payable)
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Control issuance of Bidding Bonds and performance bonds.
- Evaluating and improving financial records to make important business decisions.
- Administrate company's bank accounts
- Supervising custom clearance for all company shipments
- Building the Financial & Administration Management system
- Drawing the company's financial policy and mechanism of internal approvals and process of decision making.
Senior Accountant
RTCC – Al Rashid Trading & Contracting Co
Riyadh
09.2007 - 11.2012
- Assigned at Head office as Senior Accountant at North-South railway project , joint venture of RTCC, Barclay Mowlem, Mitsui Co Ltd consortium – contract amount: SAR 2.8 billion.” Reporting to Finance Manager, Project Director”
- Project expenses and analyzing changes and overflow
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Prepared monthly journal entries and reconciliations.
- Completed year-end closing processes with controllers and external auditors.
- Forecasting expenses till end of project
- Responsible for insurance policy for all project’s equipment valued of more than SAR 350 million
- Reporting up-to-date net value of all equipment
- Reporting annual maintenance and spare parts costs of all equipment
- Reviewed budgets and communicated discrepancies to senior management.
- Liaised with clients regarding financial plans and objectives.
- Oversaw accounting team in servicing diverse clients.
- Assisted in upgrade and conversion of in-house financial systems.
- Recommended strategies to expedite filing projects and annual reporting.
- Reviewed business operations and obligations to help organization function at acceptable level.
- Organize revenues, retentions and advance payments accounts
- Review and approve accounts settlements of associates
- Review and approve consortium and other banks accounts reconciliation
- Review and approve cash voucher receipts
- Organizing period end accrual, clearing, adjusting and closing entries
- Manage, organize and approve payment certificates and disbursements of all project Sub-contractors
- Manage, organize and approve supplier’s payments.
- Completed year-end closing processes with controllers and external auditors
- Prepared monthly journal entries and reconciliations
- Evaluated and improved financial records to make important business decisions
Accountant
Obied Group
Damascus
05.2005 - 09.2007
- Managing customer and supplier accounts:
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Reviewed business operations and obligations to help organization function at acceptable level.
- Compiled general ledger entries on short schedule with 100% accuracy.
- Tracked funds, prepared deposits and reconciled accounts.
- Provided journal entries and performed accounting on accrual basis.
- Accurate processing of invoices, purchase orders
- Payment transactions and collections
- Organizing and reviewing warehouse and inventory.
- Carrying out and organizing accounts settlements of associates
- Preparing bank reconciliation.
- Reconciled accounts and reviewed expense data, net worth, and assets
- Gathered financial information, prepared documents, and closed books
Education
MBA - Finance
09.2018 - 06.2020
Achieved overall GPA of 3.94 / 4.00
Certified Management Accounting - CMA
08.2010 - Jan 2011
Bachelor of Science - Economics And Accounting
09.2001 - 08.2005
Skills
ERP , CRM , Accounting solutions
undefinedAccomplishments
- Eng
- MUBARAK ALMAJED GM
- RTCC
- Dr
- ORFAN ZHRAA Lorraine University- ENSIC
- Dr
- H
- LYA BOYDAŞ HAZAR İstanbul Aydın
- Niversitesi
- Dr
- M
- ABDUL HAMID NUTFAJI Damascus University
- Eng
- HAZEM ORABI VP
- N5 Holding Company
- Page 2 of 2
Spoken languages
- Arabic - Native
- English - Excellent
- Turkish - Intermediate
Timeline
Chief Financial Officer - AcedrA Pharmaceutical Company
09.2019 - Current
Istanbul Aydın University - MBA, Finance
09.2018 - 06.2020
Accounting & Financial Affairs Manager - N5 Holding Company
12.2012 - 08.2019
Morgan International Institute - Certified Management Accounting, CMA
08.2010 - Jan 2011
Senior Accountant - RTCC – Al Rashid Trading & Contracting Co
09.2007 - 11.2012
Accountant - Obied Group
05.2005 - 09.2007
University of Damascus - Bachelor of Science, Economics And Accounting
09.2001 - 08.2005
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