mbf majed almajed

* Core Responsibilities: * Manage, and supervise all aspects of cash flow. * Forecast daily cash requirements and execute daily financing decisions. * Manage long-term and short-term fund investment strategies. * Corporate and intercompany debt management. * Manage and direct the maintenance and execution of treasury functions, including cash and liquidity management, short-term borrowing assumptions and investments, A/P and disbursements, letters of credits issuance, letters of guarantees, commercial bank relationship management. * Monitor and remediate all bank accounts to ensure proper controls in line with corporate policy. * Drive process improvement between treasury and operations to enhance cash management capabilities, improve risk profile and lower costs. * Cash balance reconciliation process (Reconciliation banking accounts, control and report collection issues and payments issues). * Prepare and analyze the preparation of cash flow forecasting process. * Negotiate new financing facilities (Short term financing, letters of credits, letters of guarantees, etc.).

* Core Responsibilities: * Reviews of AHC accounts in SAP (cost elements, cost center and GL accounts reviews) with variance analysis between budget and actual. * Prepare quarterly and annual AHC consolidated Financial Statements with necessary explanations and analysis. * Control fixed asset accounting and ensure that all AHC assets are properly labelled. * Monitor subsidiaries BI reports to ensure that the reports are accurately giving the actual. * Support Manager FP&R in annual closing of AHC account and Associates and drive annual audit. * Monitor and control real estate accounting and develop reporting framework to control cost. * Support AHC Financial Controller in settlement of SBU's dividend, management fee and inter-company balances. * Support the preparation of zakat and tax with the consultants to minimize the impact of zakat and tax, ensure timely filing of all returns and all matters under appeal.

* Summary: * Managing the company's treasury operations and bank relationships including but limited to cash management, trade operations, FX deals, banking facilities, treasury transactions posting in the company's books via ERP system (SAP), reconciliations, and monitoring and producing various reports to senior finance management. * Core Responsibilities: * Manage banks accounts & cash inflow & outflow. * Manage all aspects of treasury transactions in SAP. * Monitor and maintain banking facilities. * Manage relationships with financial service providers. * Mitigate risk exposure on FX future requirements. * Prepare loan covenants compliance reports. * Prepare treasury reporting. * Documentation, Issuance & maintenance of records on Letters of Credit. * Documentation, Issuance & maintenance of records on Letters of Guarantee. * Support subsidiaries & affiliates for any requirements on third party basis. * Implementation of E-Banking in subsidiaries and manage it as a system administrator at group level * Recommend, implement and maintain process improvements.

The main duties were to Identify and analyze the potential risks in the financial operations in all branches within Saudi Arabia. Assessing the risk by analyzing the key sections in the branch, the operational area (tellers), customer service, management and safety procedures. As well as, verifying that the employees follow the laws and regulations of Riyad bank and SAMA.