NIMER AL HMOUD, Finance & Administration Manager

NIMER AL HMOUD

Finance & Administration Manager

MODERN MACHINERY TRADING

Location
United Arab Emirates - Dubai
Education
Diploma, Compliance , CCP
Experience
22 years, 7 months

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Work Experience

Total years of experience :22 years, 7 months

Finance & Administration Manager at MODERN MACHINERY TRADING
  • United Arab Emirates - Dubai
  • My current job since November 2014

• Spearhead day to day operations of the finance/ admin department and collaborate with the General Manager in effectively implementing business strategies
• Assist the senior management in evaluating sales, market share as well as opportunities for expansion into new product areas aimed at minimizing costs and maximizing profits
• Define/ implement risk mitigation procedures for identifying/ mitigating organizational risks
• Set up effective controls & forecasts highlighting organizational financial health to enable effective decision making by the senior management team
• Prepare/ manage budgets, cash flow/ cost control strategies. Conduct contracts and feasibility study
• Optimize resource utilization by implementing transaction processing systems based on management, customer, supplier and internal partners requirements
• Update organizational financial status to the senior management and other stakeholders using detailed reports/ presentation in compliance to organizational policies as well as statutory regulations
• Evaluate reports to analyze projections of sales and profits against actual figures, expenses against budgets to streamline organizational planning process and operations
• Manage banking facilities encompassing letter of credit, letter of guarantee, shipping, insurance, trust receipts and bill discounting
• Facilitate short term/ long term funds, working capital and term loan for survival of a particular project

Internal Audit & compliance Manager at TAKAFUL EMARAT (psc)
  • United Arab Emirates - Dubai
  • May 2009 to June 2014

• Functioned as member of the senior management team with dual reporting to Audit Committee and CEO
• Implement the complete set up standard internal audit manual and developing annual internal audit plan
• Evaluated audit findings to be highlighted to the CEO and audit Committee (based on functional relevance, urgency, seriousness etc.)
• Ensured compliance to annual plan for conducting internal audit for all departments followed by reporting to the CEO and Board Audit Committee. Presented quarterly audit report to the Audit Committee
• Prepared/ presented reports on achievements of internal audit department including risk based on audit plan to verify compliance of all units to corporate policies/procedures risk based on audit plan to maintain compliance of all units to corporate policies/procedures and other risk management measures
• Followed up with various departments in ensuring compliance to corporate policies and procedures
• Implemented various process improvement initiatives as well as internal controls for streamlining auditing systems and procedures
• Maintained internal audit guides highlighting audit standards for various functions. Conducted special audit assignments based on business/ operational requirements
• Scheduled & conducted Shariah Audit together with Shariah Board member
• Acquainted Board of Directors, Management and Employees with rules and regulations of regulatory agencies for implementing the same in day to day business operations
• Prepared/ presented Annual Governance Report under the law of ESCA 518 year 2009
• Liaised between the organization and regulatory agencies; Reported on policies, programs and activities of the department to the Audit Committee and Management
• Involved in transaction monitoring and AML investigations. Evaluated agreements/ correspondence with third parties to ensure compliance to statutory regulation and organizational processes
• Set up, maintained and revised policies/ procedures for the general operation of the Compliance Program. Defined reviews/ updates related to Standards of Conduct for guiding the management and employees
• Partnered with other departments in routing compliance issues to appropriate existing channels for investigation and resolution
• Evaluated/ recommended investigative procedures pertaining to alleged violations of rules, regulations, policies, procedures and Standards of Conduct
• Functioned as independent review/ evaluation body for effective evaluation, investigation and resolution of compliance issues
• Conducted Annual General Assembly Meeting; prepared Shariah governance and structure based on guidelines and instructions of Shariah Board followed by reporting of non-compliance to Shariah Board
• Assisted the management and other departments in soliciting Shariah related clarifications/regulation from the regulator

Finance Manager at Al Rashid Real Estate
  • United Arab Emirates - Ajman
  • February 2008 to May 2009

 Prepared and implementing the finance and accounting policies and procedure.
 Developed the accounting system software.
 Prepared the budget along with forecasting and cash flow.
 Prepared the final balance sheet and income statement.
 Reconcile the accounts with sales units.

Senior External Auditor at Talal Abu-Ghazaleh & Co. Sharjah - UAE
  • United Arab Emirates - Sharjah
  • June 2003 to February 2008

 Statutory Audits of Public Shareholding Companies, Limited liability Companies, Partnership Firms and other organizations.
 Evaluation of Internal Control Systems and drafting appropriate management letters, high lighting the weaknesses in the control structure and recommendations for improving the system.
 Performing internal audit for Sharjah insurance and Sharjah Bank.
 Analytical Review of client’s operations and recommendations to the same.
 Special assignments - Investigation of misappropriations, business valuation.
 Supervision the team of audit assistants.

Main Accountant at Hmudha Trading
  • Jordan - Amman
  • April 2001 to May 2003

Was doing all daily Transactions
Bank Reconciliation
Receivable & Payable
Billing
collection statements
comprehensive T.B
Balance Sheet

Education

Diploma, Compliance , CCP
  • at International Academy of Financial Management
  • November 2011

completion of Certified Compliance Professional

Bachelor's degree, Commerce
  • at Alighar Muslim University
  • June 2000

Completion of Bachelor of Commerce

High school or equivalent, Commerce
  • at Hassan Al Barqawi School
  • June 1996

Completion of commerce high School

Specialties & Skills

S Corporations
Report Smith
Excellent organizational skills
Ability to handle multiple tasks under pressure.
 Dynamic and result oriented articulate and persuasive in dealing with all levels of management.
Ability to work within deadlines and targets
 Ability to work under own initiative without direction
Professional interpersonal skills, e.g. tact, sensitivity, reporting

Languages

Arabic
Expert
English
Expert
Urdu
Intermediate

Memberships

The Institute of Internal Auditors
  • Member
  • June 2013

Training and Certifications

Certificate (Certificate)
Date Attended:
January 2002
Valid Until:
January 2002

Hobbies

  • Reading
  • All Kind Of Sports