Senior Budget Controller & Analyst
Al Ain Distribution Company
Total des années d'expérience :37 years, 11 Mois
Al Ain Distribution Company AADC is the sole distributor of Water and Electricity in Al Ain. It is among the top 10 subsidiaries of ADWEA and employs over 1990 staff.
Responsibilities:
• Leading a team of 9, directing the finance portfolio and controlling the company budget.
• Preparing the budget and tracking expenditure to observe variances.
• Applying Maximo system to monitor purchase and contract requisitions, and aligning it with the approved budget.
• Ensuring budget prepared is within the Maximum Allowed Revenue (MAR) as per regulatory bureau. Being a utility based organization AADC has to conform to certain profit limits based on MAR a unique feature of the budget and meet the percentage set for return on assets.
• Generating comparative reports using Oracle Financial and conducting variance analysis to reflect expenditure, and net profits achieved.
Achievements:
• Nominated as ISO Coordinator.
• Controlled operating budgets of AED 2.7 billion and revenue of AED 2.9 billion, managed a capital expenses of AED 68 Mio and administered a development budget of AED 828 Mio.
• Instituted budget guidelines department wise and analyzed data received from each department.
• Drove the initiation and conducted feasibility study of the telecom project amounting to AED 7.5 Mio, installation of the project significantly reduced cost incurred through mobile allowance given to AADC employees.
• Conceived and launched a historical method capturing last 4 year data and projected estimates for future expansion.
• Implemented "cost centre" concept for every expense account, created formats for accurate budgeting, control and accountability.
• Devised KPIs to compare the company performance with other similar organizations.
• Formulated the business plan after extensive research on the expansion program.
• Regulated the accounting and income statements (revenue & expenses) between water and electricity utilities by applying certain allocation base.
Heading a staff compliment of 12 and reported to the Assistant Director Budget Department.
Responsibilities:
• Managed the organizational budget, analyzed departmental annual budget proposals using budget lines and allocated funds for salaries, operating expenses and capital expenses that lead to more accurate results.
• Negotiated contractual terms with various government departments, devised the budget memorandum based on final figures and presented it to the head of the finance and executive council for endorsement.
• Resolved discrepancies in budget variance by providing justified expenses and approved budget transfers or request for additional funds.
Achievements:
• Pioneered the introduction of the cost center concept for every expense account of the budget this lead to more accurate budgeting.
• Originated the historical method by analyzing the previous 4 years expenses and compared it with the activities plan for the next four year vis-a-vis expected expansions, projected manpower expansion plans etc…
• Conceived and designed historical tables for the operational, capital budgets which lead to more realistic budget estimates and control.
Commissioned at the Directorate of International Cooperation which served as a focal point for all UN agencies. Managed 4 sections employing 48 people
Achievement:
• Brokered multimillion contracts, finalized agreements and memorandum of understanding as well as managed and executed UN projects for the Government of Sudan. Evaluated project performance reports and nominated to lead the execution of small scale industrial projects financed by United Nations Industrial Organization (UNIDO).
• Appointed as a member of the "Master Plan Operatio" for the UNICEF and the participated in the developing the “Country Strategy Note" for United Nations Development Program activities in Sudan.
Tailored courses and trained mid-level officials from public and private sectors.
Responsible for all international and local purchase and contract agreements.
• Streamlined purchase procedures for internal and foreign procurements.
• Chaired a committee that devised tender documents, floated tenders, evaluated offers to shortlist the suppliers.
Nov 1990 - Jan 1992
Strategic Commodities Department
• Projected and mediated contracts for production of sugar and flour and purchase of wheat, petrol and sugar from both local and international market.
Mar 1989 to Nov 1990
Research Department
• Participated in researches concerning over all performance of the Sudanese economy, and lead negotiations with World Bank and International Monetary Fund missions.
Apr 1986 to Mar 1989
Department of Public Enterprise
• Reviewed, negotiated and approved annual production, export, import and sales plans for government/public companies, studied and approved budgets needed for operation.
• Studied and approved development and rehabilitation programs for public enterprises & the budget needed.
• Appointed member of the Privatization Committee for Public Enterprises assigned by the World Bank and devised significant proposals adopted by the World Bank mission.
1973 to 1986
• Joined the Finance Ministry of Sudan and worked in its different departments and posts to be promoted to Assistant Under Secretary in 1986.
Thesis Topic: Development Planning and the role of Financing Direct Investment. SEMINARS ATTENDED: International Law Institute, Washington, USA. 1993 - Seminar on Procurement. 1989 - Negotiation of Foreign Investment. 1987 - Privatization. TECHNICAL TRAININGS: Maximo System ( Material Management System). Oracle. Excel for advanced programs.
Attained the Masters degree with a major in Economic Development. Thesis: " Formulation of Strategy and Implementation of the Development Plans in Sudan from 1961 to 1982.
Graduated the Bachelor program with a specialization in Economics.