Finance Manager
UKS GULF (PART OF UKS GROUP) - UK
Total years of experience :19 years, 10 months
Responsible for overall working capital & fund allocation world wide, strategy formulation (UAE), finance arrangements, advisory role and overall company financial Management.
Formulated and developed entire ERP systems for UAE branch of the company
ERP systems had a combination of sales, estimates, purchases, accounts and reports on projects generations.
Spearheaded the acquisition of our competitor with the negotiation, legal, financial & operational side of bus
Ensured better variance reporting in Materials, labours, operational, mix, sales and other variances.
Variance meetings arranged to ensure quality, target, cost and budgets were all in line to company objectives
Set-up operations efficiency targets, monitoring variances and setting up controls for the procedures
Efficiency, cost-cutting and lean strategies led to over AED 50000 monthly cost reductions and getting higher
Detailed setup of employee training needs, development procedures, learning gaps, skill analyses and devising career matrix and career plans
Development, implementing and controlling a suitable market development strategy including market penetration and market expansion strategies
Relationship building and relationship management with clients and investors
Solely responsible for board presentation, finance strategy formulation and implementation.
Weekly advice and update meetings on the cash and accounts position of the company worldwide
Main authority for the company world wide on decision making on fund allocations, finance arrangements, credit terms and working capital management.
Responsible for overall strategy, planning, board presentations, advisory role, financial planning, budgeting, Investment decisions, negotiations, Business development and overall company management
Formulated 3 year strategic business plan for the company along with presentations to clients and board members and obtaining satisfactory approvals from various board members
Assessments and negotiations and valuations of various investment proposals internally and offshore in various countries
Finalised MOUs and JV’s partnership transactions with partners from Malaysia, Saudi Arabia and Pakistan
Set-up accounts, HR, admin departments including setting out policies and procedures, reporting structure, hiring of staff, setting up bank accounts, implement accounting systems, formation of subsidiaries, etc.
Achieved 16.3 % sales growth, major cost reductions via lean management and better zero based budgeting.
Detailed setup of employee training needs, development procedures, learning gaps, skill analyses and devising career matrix and career plans
Development, implementing and controlling a suitable market development strategy including market penetration and market expansion strategies
Relationship building and relationship management with clients and investors
Keeping in close with the UAE manufacturing/trading changes effecting the company
Responsible for all the finance functions controlling a team of accountants to achieve company objectives
Achieved major cost reductions in terms of labour and other resources
Responsible for investment approvals and JV’s with major clients
Responsible for year end and month end accounting functions
Devised Management accounts reports for better understanding of the company position
Was involved in setting up logistics for the company including containers of minerals etc in and out of UAE
Identified and proposed new mining facilities and costing for cheaper alternatives
Scope of job was the overall finance function of 22 stores across the city of London. In which 2 years worked as assistant and 4 years worked as manager where responsibilities included implementation of IFRS procedures, audit in line with head office procedures, training budgets, procurement costing and overall finance functions including taxation, management accounting and monthly / annual financial reporting and Major client investment decisions
Involved and overseeing of all financial transactions for the branches in the city of London
Involved in the timely completion of financial statements (P&L)
Reporting direct to branch manager or operations consultants for errors, discrepancies or improvements
Assisted in establishing cost saving policies to do with utilities, purchases, labour and transactions costs
Was successful in achieving labour costs reduction by up to 6%
Motivated the staff to focus on lean management for better cost savings
Achieved expertise in P&L, Cash statements, credit statements and reporting
MSc International Accounting, with Specialisations in, Financial Decision Making, Strategy, Marketing, And Dissertations in Strategy Formulation, Execution and Implementation.