Jafar Albaz (ACPA, CRP)

Reporting to the Saudi Managing Director and the Group CFO - UAE. Oversee all financial activities in KSA, manage the relationship with shared services as well as drive the development of the finance team to support business growth. More specifically, I am responsible for the following tasks: • Perform strategic planning for the business, analyzing the local market and navigating all competitive elements • Manage the preparation of financial statements and reports for business activities and the fiscal year, for submission to the regional finance team • Continual improvement of the budgeting, forecasting and management reporting of the business, to further enhance sales capability • Proactive in the management of the Receivables function • Motivate and develop a strong finance team, that is proactive and very supportive of the large sales environment • Enhance the companies policies and procedures and ensure all departments follow these regulations • Oversee all financial and regulatory reporting, to ensure full compliance with local authorities

Working as Group finance manager for Yazeed Al-rajhi & Bro – holding which consist of the following: Property Investment.;construction, Fast Food and manufacturing Services Steel, Wooden and aluminum work shops Main Duties: Providing and interpreting financial information Producing accurate financial reports and statements to specific deadlines Monitoring and interpreting cash flows and predicting future trends Formulating strategic and long-term financial 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 Managing the company's financial accounting, monitoring and reporting systems Liaising with auditors to ensure continuous monitoring is carried out Managing budgets Prepare monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks, Analyze financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budget. October 2010 – February 2012 AlMutlaq Projects Kingdom of Saudi Arabia

Working as finance manager for Almutlaq projects company - holding which consist of the following: Citadel Arabia -Fit out company. Saudi Industrial and Technical Services (SISCO)-Industrial Supplier and Services Company. Almutlaq Services and manufacturing company (ASMAC) - manufacturing. Main Duties: Participate in setting company's Strategy, operational plans and goals as a member of the senior management team. Budgeting and forecasting. For which, I do the following: Plan the budget process, provide budget guidelines, agree timetable with department heads and supervision of compiling department's budgets. Challenge assumptions of department heads & help them prepare their budgets. Budget control & triggering the relative actions as needed. System Development through conducting system study and analysis to identify weaknesses and apply the appropriate action plan and enhance validation rules. Member in the Tender committee team. Issuing the Monthly Management Accounts Package including the following : Commentaries and Executive Summary Balance Sheet, income statement & Monthly Cash Flow Statement Budget Variance Report analyzing variances and recommending corrective actions Other reports and information. Issuing The monthly projects progress report (Financial part). Negotiating Financing deals with the banks and finalizing the deals (projects Base financing). Controls - Establishment, implementation, analysis and continuance of adequate systems of internal controls. Working with IT team in implementation for the ERP system (Oracle) by setting the Chart of Accounts and uploading the financial information.

Leading the Finance department (Managing Finance and Accounting functions), reporting directly to the CFO, I do the following: Participate in setting company's Strategy, operational plans and goals as a member of the senior management team. Budgeting and forecasting. For which, I do the following: Plan the budget process, provide budget guidelines, agree timetable with department heads and supervision of compiling department's budgets. System Development through conducting system study and analysis to identify weaknesses and apply the appropriate action plan and enhance validation rules. Member in the Tender committee team. Budget Variance Report analyzing variances and recommending corrective actions Issuing The monthly projects progress report (Financial part). Controls - Establishment, implementation, analysis and continuance of adequate systems of internal controls. Issuing the Quarterly unaudited Financial Statements to the Monitoring the project's cost Vs. Projects budget.(Cost Controlling) Issuance of the monthly billing and follow up the collection Management and overhaul of Company's insurance portfolio Cash Management. Forecast cash position and cash needs Preparation of analysis, reports, studies and recommendations needed to take non-routine decisions Negotiating Financing deals with the banks and finalizing the deals (projects Base financing). Optimize utilization of Company's payment and related processes through payables, Letters of Credit...etc

I am responsible for controlling and monitoring the accounting department daily work, developing and implementing financial system in accordance with the company's requirement, Supervising accounting department staff that consists of 11 persons, preparing the monthly required reports to the top management (Balance sheet, Income statements, Changes in owners' equity and statement of cash flow) in accordance with International Financial Reporting Standards and comparing the actual results with the company budget and reporting the variances to the management. Also I am responsible for developing and improving the internal control over the company's procedures.

During the course of our audit, I have been responsible for applying the audit procedures on a wide range of clients in different sectors; therefore, I achieved wide experience in different areas of audit and accounting profession. In addition I was supervising the audit staff including time planning and reviewing procedures. Below is a summary of the major responsibilities and clients I have been responsible of during my audit career. ** Main duties & responsibilities: Understand the clients’ business; summarize all operations and documentation of cycles. Understand and evaluate the internal control structure. Perform preliminary analytical procedures. Prepare the audit-planning memorandum; determine the materiality limit, and assessing the scope and nature of substantive testing. Supervise the audit staff and review working papers. Prepare the audited financial statements according to international Financial Reporting standards. Prepare management letters regarding the weaknesses in the internal control system and other matters arise during the audit. Preparing financial systems and costing systems. Preparing internal audit systems. Preparing cash budgets. Preparing due diligence reports.