Group Finance Manager
Abela Qatar International
Total years of experience :24 years, 8 months
• Analyzing the cost price of raw material, labor, and overhead charges.
• setting the selling price depending on profit margin, market and competitors' price.
• Analyzing the industry and the market appetite to introduce new products and market tranches.
• Measuring financial risks and set proactive procedures to minimize risks
• Set, review and update company policy, initiatives and KPI's.
responsible for financial planning, management of projects, reporting and analysis.
• set and update financial policies and procedures
• Responsible for the oversight and delivery of annual budget, treasury management, periodic Cash flows, Capex and Opex along with administrative and asset management procedures.
• Costing parameters, Business Intelligence parameters
• Strategic business plan, corporate objectives and initiatives, action plans, balanced score cards, KPI’s, NPV & IRR, financial derivatives plus other financial reporting.
• Managing up to 10 administrative and financial staff.
in Techno Q, a specialized professional contracting company dealing with Audiovisual, Broadcast, Lighting, Security, BMS, IT, Hospitality, maintenance, etc...
Main duties:
- reporting to the Executive Director, directing the organization’s financial planning and accounting practices, due diligence, working capital management, responsible for pursuant of different financial institutions to finance the projects.
- oversee budgeting, audit, accounting, procurements, and long-term forecasting as well as insurance activities.
- Direct finance staff to complete accurate, timely financial statements, cash flow report, Tax returns and withholding tax, Hedging and swaps & other treasury functions, cash management and derivatives which meet the corporate reporting requirements and the IFRS, IAS external reporting standards.
- Ensure the accounting policies and procedures are implemented and in compliance with the company rules.
- prepare various MIS reports, financial and management reports on variances from budget and provide analytical comments to the upper management.
- Maintain adequate internal control, both administrative and physical, to ensure that the assets are properly safeguarded and protected.
- directs and analyzes studies of general economic, business and financial conditions and their impact on the organization’s policies and operations.
- facilitate cooperation and coordination with other departments within the company.
- coordinate for preparing the company to go public and set for IPO.
Accomplishments:
•Succeeded with other colleagues in getting the required funds from banks that was necessary to meet company’s progress in very competitive rates.
•Built a highly organized team, led them to carry out our work professionally and on time.
•Applied management accounting techniques that helped the company to control costs, compete strongly in the market and achieve its targets.
•Developed solid internal control procedures as per the international standards.
Feb 2006 - September 2010: Finance & Accounting manager in NBKS group of companies - Al-Waab City Project.
The company, Al Waab City, is a real estate construction and management project in Qatar, project land area is 1.25 million square meters with total value of USD 3.2 billion. Responsibilities include directing the organization’s financial planning and accounting practices, responsible to pursue different financial institutions to finance the project in its phases. Managing finance & accounting staff to complete accurate, timely financial statements, cash flow report, Hedging and swaps & other treasury functions which meet the corporate reporting standards as per IFRS.
May 2003 - Jan 2006: Credit department manager in Modern Home
Qatar, responsibility includes follow-up of all debtors’ accounts, receivables scheduling according to the company’s credit policy and procedures, maximizing the cash in-flow of the company, and preparing periodic analytical reports for the debts and cash flow versus sales to the upper management.
in an electrical equipment trading company in Qatar, Responsibility includes preparing company's financial turn over, analysis, banks credits & facilities, all accounting & costing operations follow-ups, trial balances and balance sheets, running the personnel activities and company’s internal control in addition to the external auditors’ communication and assessment reports.
in the ministry of municipal affairs and agriculture in the state of Qatar. Responsibility includes posting of receivables and reconciling them with the reports of ministry of finance. Checking the department budget and posting of payables transactions in the related budget code.
in a canned food industrial (FMCG) co. in Lebanon. Responsibility includes weekly corporate financial position, budget cash flow, balance sheets & trial balances, letters of credit & banks documents and drafts preparations, bank reconciliation, handling all cost & management accounts, materials control in addition to all internal & external audit affairs.