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Skills
Experience
Chief Financial Officer (CFO)
Castrol - British Petroleum, operated by AlKhorayef Lubricants Company
2021-04 -
Manage BP relations and ensure compliance with financial regulations and statutory requirements. Lead planning, budgeting and forecasting processes together with the CEO and stakeholders, providing transparent and accountable financial reporting. Conduct cost‑benefit analyses, develop financial models and deliver strategic insights to senior management. Oversee financial statement analysis ensuring IFRS, GAAP and regulatory compliance, while aligning network efficiency and cost reduction with forecasts. Partner with Sales, Marketing and HR to refine pricing strategies, evaluate hiring versus outsourcing impacts, and drive cost‑optimization projects across the organization.
Finance Director
Castrol - British Petroleum, operated by AlKhorayef Lubricants Company
2010-11 - 2021-03
Led all Finance Department functions, ensuring seamless operations and strict IFRS compliance. Directed financial planning and rolling‑forecast cycles, improving capital and operational reporting accuracy and KPI monitoring. Optimized working capital, reducing B2B DSO by 21% and DIO by 8%, and recommended a base‑oil change that saved $1M annually. Managed the ERP transformation from Oracle 12 to Oracle BS, shortening month‑end closing from 7 to 4 business days. Coordinated cross‑functional teams to achieve strategic financial goals and enhance transparency.
Financial Controller
Al Khorayef Petroleum
2002-09 - 2010-10
Developed business models for new tenders, including cash‑flow analysis to support decision‑making. Produced comprehensive financial reports delivering data‑driven insights to senior management and shareholders. Negotiated credit facilities with banks and supervised daily banking operations. Led a team of 10 finance professionals, overseeing general ledger maintenance and financial operations. Optimized working capital by analyzing stock usage, aging, and obsolete inventory, and prepared trial balances, P&L statements and balance sheets.
Chief Accountant
Al Khorayef Petroleum
1999-10 - 2002-08
Reviewed monthly profit and loss reports ensuring accuracy and adherence to IFRS/GAAP standards. Conducted general ledger audits, identified misstatements and prepared documentation for external audits. Assisted in the preparation of financial statements and supported the finance team in month‑end closing activities. Implemented internal controls to improve financial integrity and reporting reliability.
Languages
Arabic
fluent
English
fluent
Last updated: 22 uur geleden