Group Chief Financial Officer
Hily Holding PJSC
Total years of experience :28 years, 10 Months
• Spearheaded all aspects of financial management encompassing Financial Control, Business Planning and Analysis, Taxation, Reporting, Capital Management and Treasury
• Partnered with the Chairman, BOD, CEO & Executive Committee Members to leverage & enhance capabilities and develop & execute business strategy to drive business growth
• Managed multiple functions entailing HR, Admin., Legal & IT
Highlights:
• Played a key role in establishing the internal audit function for the organization from the scratch; developed the IA Manual, Charter, Hiring & Coaching the team
• Acted as a Financial Advisor for H.E., the founder of Ali & Sons Group
• Acted as a member of the Executive Management Team
• Managed advanced level professional internal auditing as a key component of the corporate governance structure; successfully adopted Risk Based Audit Methodology
• Directed a comprehensive audit program including performance, risk assessment, financial and compliance audit projects
• Selected to be an Audit Committee Member & Advisor for FOODCO Holding "UAE listed Company" (2010 - 2018) and Commissioner for PT Newtech Energy Co. at Indonesia (2010- 2016)
Identifying performance issues within the business and risks/opportunities in current financial plan/forecast; resolving the
same by developing and implementing financial trend reports
* Providing strategic financial direction & leadership; performing due diligence of companies / processes, steering processes
transitions, reengineering existing process, reducing tasks involved, making process lean, resulting in significant savings in man hours
& overall cost
* Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to
facilitate internal financial control
* Extensive working knowledge of IFRS, USGAAP, COSO Framework and regulatory compliances; streamlining financial
processes through various initiatives geared towards lowering risk, heightening productivity & improving internal financial controls
* Implementing financial results forecasting system for providing accurate future results projections & budgeting system
ensuring timely compilation & presentation
* Completing financings for private companies which include engineering Merger & Acquisition (M&A) transactions, executing
Initial Public Offerings (IPOs) and international financings
* Leading the design of optimum capital structure and financial strategy for the company keeping in mind capital expansion for existing
business, investment in new businesses/projects, and short-term cash optimization
* Analysing and reporting financial information to executive management
* Supervising related party transactions of equity, agent commission, loans, purchases for exports and related receivables &
payables management
* Restoring financial health of the company through the following initiatives:
o Driving detailed health check up on compliances relating to GST and Direct Taxes for an efficient structure
o Establishing a working relationship with bankers, suppliers and workers; negotiating settlements and restructuring financial
liabilities with bankers, suppliers, statutory agencies, and so on
o Preparing presentations of projects and feasibility reports for submission to banks in order to avail term loan and working capital
assistance
o Negotiating with banks for competitive rates of foreign currency buying selling deals
o Resolving numerous pending legal, statutory, direct and indirect tax cases
o Establishing consistent and appropriate business practices, enhancing controls for credit risks, and building staff/ supplier morale
at a time of financial distress; instituting controls, and teamwork
* Spearheading the entire accounts & finance functions including maintenance & finalization of accounts, working capital
management, profit monitoring, report management, building internal financial controls, Capex management, determining accounting
objectives, designing & implementing systems and framing policies & procedures to facilitate process control
* Establishing consistent and appropriate business practices & enhanced controls for treasury related risks
* Developing & explaining monthly profit & loss projections; establishing product line profit & loss statements to identify
opportunities & risks for the business
* Monitoring the cash flows and ensuring that funds are arranged in the most cost effective manner after projecting accurate
cash forecast
* Managing all tax audits including developing audit strategy, collation of information/analyses, working with external service
providers for inputs, reviewing submissions, attending all audit hearings, communicating and coordinating with wider tax group
stakeholders
* Supervising the implementation of ERP to manage the changes in day-to-day financial processes; incorporating system based
controls that result in elimination of several manual processes
* Monitoring, mentoring & motivating the workforce to enhance their efficiencies with excellent people management skills for
leading personnel towards accomplishment of common goals by distributing work daily and monitoring progress to ensure timely
release and minimal errors
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