General Manager - Finance
Oman Waste Water Co. (Haya Water)
Total years of experience :25 years, 6 months
Corporate Vision, Mission and Strategy:
Actively participate in Leadership team deliberations to develop and refine the company’s vision, mission and strategy.
Contribute to the overall process of management and corporate decision making to enable the Company to maximize its short, medium and long term profitability to its shareholders.
Advise leadership team on the development of an appropriate organization structure that is dynamic and delivers the company’s strategy.
Financial Strategies:
Develop and gain agreement on the financial strategies, plans and structures that facilitate the delivery of agreed organizational objectives.
Ensure that the Finance Strategy is cascaded and implemented through the various sections within the Finance Department to align the finance operations with the overall corporate and financial strategy.
Review and monitor performance to ensure all Financial strategies, plans and targets are achieved.
Responsible for the financial health of Haya Water to ensure that high financial standards are maintained in compliance with statutory requirements as per the concession agreement.
Leadership:
Organizational Leadership: Provide leadership and support to the management in developing, integrating and implementing Finance strategies and plans that improve productivity, maximize employee and Organizational effectiveness, ensuring consistency and alignment with the company goals and objectives.
Finance Policies, Systems, Processes & Procedures:
Direct and guide the development and sound implementation of Finance policies, systems, processes and procedures to ensure the consistent application and ease of Finance operation.
Obtain approvals from Haya Water’s Leadership Team and Board of Directors on all Financial Polices for the organization.
Develop, review and gain agreement from the leadership team on the Financial System, procedures, which will steer and guide the Finance processes in the organization.
Financial Planning & Budgeting (CAPEX & OPEX):
Direct the preparation of the financial budgets and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified and potential performance improvement opportunities are capitalized.
Direct the development of a Three year plan to meet the short, medium and long term funding and cash flow requirements of the organization to ensure the organization maintains a self-financing position.
Develop and report financial trends over a strategic timescale based on current financial performance and anticipated commercial/ operational developments to ensure that the leadership team is aware of anticipated revenues and cash flows so that financial opportunities can be capitalized upon and capital plans can be assimilated on the basis of anticipated cash availability.
Accounting Management:
Direct the execution of all accounting activities to ensure that all financial transactions are treated in an appropriate manner according to the internal and statutory controls.
Ensure that accounting information is made available in an accurate and timely manner.
Review all Financial reports and transactions of Haya Water to ensure their compliance with international Accounting and Financial reporting standards e.g. IAS, IFRS, etc. and company financial policies and standard.
Treasury Management:
Direct the execution of all treasury activities (Cash Flows, Risk Management, Hedging, and Investment Management) to ensure availability of capital and operating funds. Also, to improve profitability through good funds management.
MIS & Reports:
Direct the preparation & release of accurate & timely management & financial reports to provide timely Management information and facilitate effective decision making.
Chief Executive Officer Responsibilities:
• Responsible and accountable for the overall operation and management of the company.
• Provide advice, guidance, direction, and authorization to the Executive Management Team to carry out major plans and procedures, consistent with established policies.
• Setting strategic goals, objectives, budgets, policies, and procedures to enhance its market share, profitability and return on investment.
• Conduct a strategic review of performance on a regular basis to determine whether the company is meeting its short-and long-term objectives (increase in profits, increase in market share, return on investment, etc).
• Develop, in coordination with the Executive Management Team, an integrated business plan that optimizes market share and profitability of existing or new activities.
• Set departments' high-level goals, objectives and plans and work with them on attaining such goals by closely monitoring their operations.
• Review the operating results of the company & compare them to established objectives and goals, and follow-up to ensure appropriate measures are taken to correct unsatisfactory results.
• Establish and maintain an effective system of communications throughout the company to ensure that the responsibilities, authorities, and accountabilities of all executives are clearly defined and understood.
• Periodically review and check the performance of the Executive Management Team and recommend remedial action and improvements.
• Promote the companies direction and momentum, its business performance, the positive external impact (image), internal business climate, people and services.
• Act as the principal public relations officer of the company and represent them with major customers, government entities, the financial community, and the public.
• Ensure development of an effective organizational structure and the promotion of a positive internal climate in which management development for succession is nurtured.
• Conduct annual performance appraisal for all executives and recommend salary adjustments, rewards and promotions.
• Recruit, develop, manage and motivate executives and employees reporting to him.
General Manager Finance (CFO) Responsibilities:
• Hired to implement new systems, develop procedures, improve controls/reporting and develop/analyze financial models.
• Corporate lead for systems, controls and policy and procedures initiatives across all finance divisions.
• Partnered with Management to standardize accounting practices, eliminate inefficiencies and led the development and implementation of company-wide standardization.
• Certified the accuracy of accounting information and reporting.
• Accounting management of property management section responsible for tenants.
• Team leader for audits.
• Prepare, analyze and presented cost/benefit analysis for new initiatives.
• Reengineered development/construction practices and organization structure.
• Identify the requirements, selected vendor and led the implementation of a new financial system, to ensure segregation of duties and make proper savings
• Responsible and accountable for the overall operation and management of the company.
• Provide advice, guidance, direction, and authorization to the Executive Management Team to carry out major plans and procedures, consistent with established policies.
• Setting strategic goals, objectives, budgets, policies, and procedures to enhance its market share, profitability and return on investment.
• Conduct a strategic review of performance on a regular basis to determine whether the company is meeting its short-and long-term objectives (increase in profits, increase in market share, return on investment, etc).
• Develop, in coordination with the Executive Management Team, an integrated business plan that optimizes market share and profitability of existing or new activities.
• Set departments' high-level goals, objectives and plans and work with them on attaining such goals by closely monitoring their operations.
• Review the operating results of the company & compare them to established objectives and goals, and follow-up to ensure appropriate measures are taken to correct unsatisfactory results.
• Establish and maintain an effective system of communications throughout the company to ensure that the responsibilities, authorities, and accountabilities of all executives are clearly defined and understood.
• Periodically review and check the performance of the Executive Management Team and recommend remedial action and improvements.
• Promote the companies direction and momentum, its business performance, the positive external impact (image), internal business climate, people and services.
• Act as the principal public relations officer of the company and represent them with major customers, government entities, the financial community, and the public.
• Ensure development of an effective organizational structure and the promotion of a positive internal climate in which management development for succession is nurtured.
• Conduct annual performance appraisal for all executives and recommend salary adjustments, rewards and promotions.
Recruit, develop, manage and motivate executives and employees reporting to him.
Financial Management:
Prepare and review detailed budgets for approval by the top management.
Maintain day-to-day financial control of the service within budget heads.
Ensure that all finances are properly administered and monitored, including credit control.
Advise on the proper allocation of resources.
Ensure that appropriate financial regulations and controls are in place and in use at all times.
Prepare quarterly reports to the top management on income, expenditure and any variations from budgets.
Ensure that all financial reporting obligations are met.
Act as cheque signatory for and authorize expenditure up to limits as approved by the top management.
Financial Forecasting & Planning:
Develops forecasts for assigned operations, divisions, or departments by analyzing recent expenditures and commitments; incorporating input from management team; and presenting and clarifying forecast, assumptions, and variances with top management.
Develops and executes financial planning processes for assigned operations, divisions, or departments by working with operations leaders to develop and communicate budgets and forecasts; managing and conducting budget review meetings; presenting information to the top management; managing and maintaining a centralized annual budget tool; researching trends and variances to plan; and managing the general and administrative expenses.
Ensure consistent weekly, monthly, quarterly and annual communication of results, forecasts and action plans to top management.
Strategic Evaluation & Analysis:
Provides input for business decisions by producing detailed financial reports incorporating detailed assumptions, expectations, and known risks;
Runs simulations preparing presentations and other supporting materials for recommendations;
Participating in business case presentations to senior and top management;
Presenting and clarifying forecast, assumptions, and variances with top management.
Resource Acquisition:
Develop the organization's funding base to secure present and future service delivery.
Liaise and negotiate, as appropriate, with the funding authority and other funding sources on future service delivery initiatives and developments in conjunction with the President.
Maintain appropriate relations with funders and make necessary reports, to ensure contracts’ compliance.
Identify opportunities for funded development of the service and to submit bids and applications accordingly.
Developing and implementing a profitable business plans.
Ensuring high quality service, product and support control standards.
Identifying and developing profitable local sales opportunities that fit with the organizations' objectives.
Leading the research and development of new products and services.
Ensuring a pretty tight financial, labor and material cost control.
Developing and implementing HR and Service Support strategies to ensure short and long-term growth objectives.
As a Deputy Head of Internal Audit, National Bank of Oman, besides to the normal work of auditing of the bank’s departments/branches, I am supposed to assist the Head of Internal Audit to carry-out and perform all the key responsibilities.
I am in-charge of 4 different departments where I plan, direct and manage all the administrative and financial operations of the university. Accordingly, I supervise the work of Accounting and Financial Control, Budget and Financial Planning, Human Resources, Purchasing, General Services, and Plant Operation and Maintenance. In addition, I participate with Management in developing long, medium, and short term plans and help in the supervision of implementation of same.
Carrying out an independent and objective evaluation and testing of Banks & Financial Institutions’ overall internal control system.
Evaluating the reliability, adequacy, and effectiveness of accounting, operating, and administrative controls.
Ensuring that internal controls result in prompt and accurate recording of transactions & proper safeguarding of assets.
Determining whether Banks & Financial Institutions comply with laws and regulations and adhere to established policies.
Meet with Banks & Financial Institutions’ officials to gain a better insight into its prospects and determine its managerial effectiveness.
Perform credit review and analysis of major borrowers:
Communicate findings and recommendations to Bank or Financial Institution’s management in a clear and timely manner, and obtain commitments to correct the deficiencies.
Verify the effectiveness of corrective actions, or else pursue enforcement actions.
Professional Studies Department
Institution: Monash University World Rank, 38, The Times HES, 2006 Member of the prestigious “Group of Eight” Qualifications: Master of Business (Banking and Finance) Year completed: July, 2007 City/Country: Melbourne, Victoria, Australia Remarks: Scholarship + Double Major Grade: Good
Institution: Sultan Qaboos University Collage: Commerce and Economics Qualifications: Bachelor of Science in Finance Year completed: August, 1998 City/Country: Muscat, Oman Remarks: Distinction Grade
