Group Finance Director-UAE Golden Visa holder
Al Borg Healthcare Group -UAE
Total years of experience :26 years, 7 Months
Spearheading the financial and accounting operations of the healthcare business throughout the UAE, ensuring meticulous financial control, unwavering compliance, and utmost transparency
Providing strategic guidance to senior management, facilitating major decision-making processes that align seamlessly with the organization's objectives.
Effectively implementing comprehensive plans, strategies, and policies across functions, driving operational efficiency, sustainable profitability, and accelerated growth
Overseeing investor relations and safeguarding stakeholders' interests, ensuring robust corporate governance and seamless implementation of group financial policies
Providing comprehensive oversight of financial planning, accounting, and auditing functions, ensuring punctual completion of audits and delivering accurate financial statements to the Board of Directors
Effectively managing group cash flow, working capital requirements, & financial reporting, ensuring optimal liquidity for seamless operations
Skillfully handling corporate banking, corporate finance, debt management, trade financing, and treasury functions
Playing a pivotal role in valuation processes, IPO-public listing, and merger and acquisition activities, collaborating closely with esteemed international financial consultants and experts
Conducting comprehensive analysis of investments and risks, employing various financial mechanisms, including CAGR, DCF, IRR, WACC, ROI, ROCE, and ROA, to inform strategic decision-making.
Effectively managing risk, insurance contract management, and valuation of healthcare businesses, facilitating seamless acquisitions and strategic decision-making
Diligently monitoring revenue cycle management, healthcare insurance management, pricing and factor negotiation, denial management, and credit control, ensuring optimal cash flow, EBIT, and liquidity
Ensuring meticulous tax planning and compliance, accurate pricing and costing of products and services, and streamlined procurement and inventory management.
Providing comprehensive oversight of payroll and employee settlements, ensuring adherence to labor laws, and skillfully managing private equity and investor interactions
Controlled debtor outstanding from 150 days to 90 days by enforcing credit control system.
Made all preparations and arrangements to take the company public offer (IPO) of AED 500 million in new capital.
Directed the development of comprehensive Finance and Treasury Policies including appropriate risk/return trade-offs; negotiated on securing Board and Rating Agency approvals
Provide strong leadership and Managing Finance, Accounting, Corporate Banking, Financial reporting, Preparation consolidation and presentation of Financial statements, Auditing of Financial statements, Compliance of policies procedures and standards; Financial planning, Cash flow management, Budget management, Cost Control and Cost reduction, RCM, Costing & Pricing & Payroll Management.
Plan, manage and implement controls and processes to manage the different major units within the Group
Managing Revenue cycle operation of the group engaged in Healthcare Services i.e Hospitals & Medical Centers. Diagnostic centers & Pharmacies
Overseas insurance claim management of hospitals & Medical Centers & pharmacies across locations in UAE
Efficiently handled Payer’s contract management, Factors & pricing, SPC with insurance companies & TPA
Periodically analysis of denial /rejection rate, review of denial reasons and advice to senior management to implement necessary changes in system and adopt process improvement initiatives across functional areas of operation
Dealing with senior management team of all major insurance companies & TPA on collection /claim settlement, rejection and reconciliation, Submission, re-submission, discount and pricing difference issues.
Reports profitability of services lines based on reimbursement from payers .Manages relationship with payers
Address the issues of insurance companies and payers on reconciliation and re-submission issues
Analysis of incentive structure and the necessary policies & periodically Review of doctor’s performance
Works with clinical operations, finance, and operations to develop clinical/non-clinical bundled packages, Plays integral role in analysis of regulatory reimbursement changes, Strong understanding coding methodology (ICD), billing methodology as defined by HAAD
Reviews of business performance using benchmarks & KPI s at profit centre level of the group
Ensures appropriate policies and procedures are implemented; Ensures proper Internal control system is placed
Ensures on-time Financial reporting and compliance with International Financial Reporting Standards (IFRS)
Presentation of Financial Statement Balance sheet, P & L, overseas Financial consolidation of business result
Presentation of Annual Budgets and participated in forecasting initiatives.
Managing key processes /systems and implementing process improvements to enhance efficiency and drive down costs
Managing Finance & Accounts Department of the business units at group level & Leading the team of 30 staffs, Overseas financial accounting functions of the group,
Adhere to accounting policies, IAS, GAAP and IFRS basis, measurement and disclosures relating to the Group's key business transactions and financial statements
Closely working with Auditors & auditing team with a view to highlight the shortcomings and implementing necessary
recommendations.
Managing Revenue cycle operation of the group across business verticals to maintain liquidity.
Overseas Working capital Management & Managing corporate banking;
Overseas treasure management functions; Risk management & investment decision
Analyzing the risks (including internal controls) in a business unit, identifying solutions, mitigating risk
Participated in Project cost estimation and cost forecasting initiatives; Overseas Project Financing investment decisions
Board level presentation of financials, annual reports, Quarterly performance review
Overseas payroll & employees settlement; adhere to corporate policies & labor law compliance.
Overseas Accounts Receivable, Accounts payable & credit control mechanism to maintain liquidity
Overseas costing & pricing of products & services
Overseas inventory & participated in purchasing decisions
Worked as project head for implementation of ERP System across group of companies.
Handled finance and accounts of Profit Centres & Divisions in TOSC and managed Funds (Cash Flow Management) of SBU, co-coordinating with functional heads and providing them back- end support.
High value Contract negotiation and tender finalisation.
Managed Corporate Accounting, Auditing practices, managing day-to-day transaction, book keeping, revenue management, cash management, GL management, Asset management, Finalizing Balance sheet, income statement, cash flow statement handling internal internal and statutory auditors, etc.
Serving as the core team member for developing Business Plan & Financial Modules and handling Budgeting & Forecasting, Cost Control & Management system.
Reviewing & evaluating internal control structure & framework, corporate governance famework, implementing Accounting Policy, Procedures, Standrads, w.r.t (IAS.IFRS).
Supervising the cash flow of profit centers, arranging working capital finance for smooth operations and implementing accounting policies, procedures, accounting & financial reporting standards as required.
Checking budgetary control system & executing them in all functional areas and making business plan & financial plan operational strategy for sustainable growth.
Monitoring inventory control & credit management system that control liquidity in business cycle and coordinating with functional heads & supporting them in best possible manner
•Financed 150 million for the expansion project of Crown Paper mill Limited from Gulf Investment Bank.
•Closely worked with the HSBC & GIB in due degligence process for project financing
• Managed Accounts & Finance Department of crown paper mill limited for 4 years period
• Managed Cash Flow for the company during my tenure at the plant expansion staages.
• Implemented Accounting policies, procedures & standrads & appointed Big 4 Audit firm.
• Implemened International financial repoting standards in crown paper mill.
• Managed Corporate Finance, Corporate banking & Working capital financiang
• Monitoring the internal control system are being proprely implemented for operational excellance
12 years experience in following fields:
Managing Corporate Finance, Corporate Banking
Managing Accounts & Auditing
Developing Business Plan & Financial Modules
Handling Budgeting, Forecasting
Handling MIS, Cost Control & funds Management (Cash Flow
Management)
Credit Control & Management
Handling Inventory management & controlling system Developed Internal Control System
Implementing Accounting Policy, Standrads, Reporting
Systems .w.r.t ( IAS.IFRS)
Acting as a key member in Corporate Advisory Role
Expertise in Investment Planning, Capital Budgeting & capital
restructuring
Handled & developed Costing & Pricing system
§Fair exposure in SAP R/3 Enviourment
Managing Finance, Accounting, Banking, Financial reporting, Cash Flow, Bank facilities, Costing and Pricing, Taxation(VAT), Budget presentation, Receivable and Payable,
LETTER OF CREDIT IMPORT FINANCING EXPORT FINANCING BANK GURANTEE
Leadership Corporate Planning, Corporate Governance , Decision Making ,Investment Planning,Corporate strategy formulation, internal control . Process Improvement ,People management, CRM, Performance Evaluation .
COSTING ACCOUNTING, AUDITING , MANAGEMENT ACCOUNTING, BUSINESS PLANNING,FINANCIAL MANAGEMENT,CORPORATE PLANNING, CORPORATE GOVERNANCE, DECISION MAKING, COST ACCOUNTING, INVESTMENT PLANNING AND CAPITAL BUDGETING
Financial Accounting, Cost Accounting, Auditing, Financial management, Taxation, Operation Management, Commercial Law Financial Analysis, Corporate Governance