Basic Info

Farid Abu Elshaikh

More than 15 years

Amman, Jordan

Master's Degree

Senior Management

Work Experience

Group cfo at Albarrak Group

Experience Details

Group cfo

Accounting/Finance

Senior Management (e.g. VP, CEO)

I am the CFO for Albarrak Group of companies , management professional with 26+ years exceptional track record in core aspects of financial management/analysis and financial control, possessing allied proficiency in strategizing business objectives and ERP implementation. I am seeking a key managerial position in an organization, to fully utilize accrued expertise in making tangible contributions towards furtherance of critical growth areas of the organization.

As apparent from my CV, my extensive exposure as a CFO for Albarrak group of companies :-
Abdullah Albarrak & sons (oil and gas services ,construction and MPS)
Abdullah Albarrak for trading services(catering and accommodation ,owning company for courtyard Marriott jubail


Company Details

Albarrak Group

Jubail, Saudi Arabia

More than 1000 employees

Construction - Residential & Commercial/Office, Oil and Gas, Hospitality/Hotels

www.abis.com.sa

Feb 2010 to present (7 years 8 months)
Finance and admin manager at Zad catering

Experience Details

Finance and admin manager

Accounting/Finance

Manager

• Spearheaded the development and implementation of accounting policies/ systems to ensure smooth cash flow, streamline budgets, establish stringent time frames and guidelines.
• Scrutinized operational and maintenance cost estimates, whilst ascertaining achievement of established KPIs included in the budgets.
• Administered the approval and processing of revenue, expenditure and position control documents, department budgets, salary updates ledger and account maintenance and data entry.
• Planned, organized, reviewed and evaluated all accounting procedures and policies to ensure transactions are efficient and accounting is accurate and complete.
• Prepared and reviewed Profit and Loss and associated financial statements, summaries and other cost-benefit analysis, drafted financial statements
review meeting
capital budgeting
admin function payroll supervision
implementation of Fidelio ERP
cutting direct cost by more than 25%


Company Details

Zad catering

Amman, Jordan

501-1000 employees

Food Services/Restaurants/Catering

www.zad.com.jo

Nov 2006 to Jan 2010 (3 years 2 months)
DIRECTOR OF FINANCE at SETDCO- ALANWA HOLDING

Experience Details

DIRECTOR OF FINANCE

Accounting/Finance

Manager

Developed/implemented financial policies inclusive of dividend policy and capital structures, procedures and guidelines to ensure smooth cash flow, streamline budgets and established stringent time frames and guidelines to monitor and control business transactions and processes.
• Managed/controlled financial resources of organizations and development projects, developed and implemented the internal control of the division thus delivering full spectrum of finance and accounting functions.
• Administered a spectrum of financial activities pertaining to auditing, internal control system evaluation and financial statements analysis in compliance with IFRS regulations, government laws and international accounting standards.
• Prepared financial control over Le Meridien - Cairo hotel operations, streamlined/controlled budgeting process, ensured its timeliness, accuracy and consistency, analyzed variances and suggested corrective actions for the same.
• Developed, recorded and implemented an accounting manual system and procedures, established/ enhanced strong systems/ processes in line with business needs, assessed /evaluated expansion opportunities, formulated business proposals, facilitated financial analysis as required and provided accurate management reporting
Examined capital projects, documented total cost, return on investment, administered planning, accounting, financial controls, treasury, procurement and facilities management functions to maximize the financial return/profit for the company.
• Prepared and reviewed Profit and Loss and associated financial statements including balance sheets, income statements, statement of change in financial position, budget to actual variances other cost-benefit analysis and drafted financial management reports as per organizational policies and procedures.
• Recommended strategies to achieve their financial goals and objectives, including specific recommendations in areas such as cash management, insurance coverage and investment planning
• Kept abreast of all pertinent legislation, rules, regulations and court decisions that may relate to organizations financial affairs functions.



Company Details

SETDCO- ALANWA HOLDING (multinational)

Cairo, Egypt

More than 1000 employees

Hospitality/Hotels

www.setdco.com.eg

Nov 1994 to Jul 2003 (8 years 8 months)

Education

MBA in Finance

Education Details

MBA

Finance

Arab Academy for Science, Technology and Maritime Transport, Egypt

A / Excellent / 85 -100%

strategic management for telecommunication corporations in gulf countries

this degree enables finance professionals to contribute to the over all picture ,improve their capabilities for decision making in dynamic environments

Arab Academy for Science, Technology and Maritime Transport
2000 - 2003

Certifications

JCPA
Jan 1991

Certificate details

JCPA

Jan 1991

N/A

N/A

N/A

jcpa

professional certificate for professional accountants was issued by Arab society for certified accountants

Training and Courses

Training/Course Details

startegic management

Feb 2004

Amman chamber of commerce

course for professionals to select the proper strategy based on the EFAS and IFAS points within the company

Training/Course Details

OGMS

Dec 2006

Zahir institution

This course was designed how to translate the vision and mission of the company to lower management ,cascading the major objectives to achievable objectives down the hierarchy

IFRS at E&Y
Jun 2010

Training/Course Details

IFRS

Jun 2010

E&Y

How to shift from GAAP to IFRS,AS SAUDI ARABIA started also shifting from SOCPA standards to IFRS Major areas affected by this change depreciation and end of service benefits

This profile is not updated!
Last update more than 4 months ago.

Jobseeker photo

Profile Skills and Keywords

AccountingAnalyticalArabicCateringConstruction - Residential & CommercialDIRECTOR OF FINANCEERPEnglishExecutorFinanceFinance And Admin ManagerFood ServicesGermanGroup CfoHospitalityHotelsIFRSInsuranceJCPALeaderMBAMicrosoft ExcelNegotiatorOGMSOfficeOil And GasPPPPlannerRestaurantsSETDCO- ALANWA HOLDINGStartegic Management

Self-assesed Skills

Languages

Arabic

Arabic

: Fluent

: Fluent

: Fluent

: Fluent

English

English

: Fluent

: Fluent

: Fluent

: Fluent

German

German

: Intermediate

: Intermediate

: Intermediate

: Intermediate

Tools and Technologies

PPP

PPP

: Expert

: Extreme - I love it!

:

More than 7 years

ERP

ERP

: Advanced

: Extreme - I love it!

:

More than 7 years

Microsoft Excel

Microsoft Excel

: Advanced

: Extreme - I love it!

:

More than 7 years

Key Skills

Analytical, Executor, Leader, Planner, Negotiator

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