Group CFO
SNS /BNB Group
Total years of experience :31 years, 6 months
Main Roles and Responsibilities:
Financial Reporting, Budgeting and Budgetary control Accounting and Financial Management-
Project Finance & Project Management Cash flow & Fund Management
Internal/External Audit, Control & Decision support Credit Control & Operation Management
Treasury Management & Bank Liaising for facility Cost Control/Cost Reduction/ Risk & mitigation
Statutory Compliance/Project Coordination Relation & Key Account Management
SOP & KPI, Policies and Procedure Project wise Costing & Profitability
Main Roles and Responsibilities:
Financial Reporting, Budgeting and Budgetary control Accounting and Financial Management-
Project Finance & Project Management Cash flow & Fund Management
Internal/External Audit, Control & Decision support Credit Control & Operation Management
Treasury Management & Bank Liaising for facility Cost Control/Cost Reduction/ Risk & mitigation
Statutory Compliance/Project Coordination Relation & Key Account Management
SOP & KPI, Policies and Procedure Project wise Costing & Profitability
Main Responsibilities:
General:
• Spearheads all Accounts & Fin. Staffs, Supervision, Financial Control, Internal Control & Internal Check.
• Budgeting, Cash Flow Forecasting, Monthly MIS review & reporting,
• Coordination and Communication with other HODs & Staffs.
• Create and set up the policies, procedures & SOPs for the finance & Other departments
Treasury:
• Arranging monthly foreign currency payment requirement
• Negotiates exchange rate from Banks/FIs, Purchasing monthly foreign currency from bank
MIS/Consolidation:
• Quarterly Board presentation of Group Financials.
• Intercompany Reconciliation, Balance confirmation etc.
• Supervision of other group companies etc.
• Consolidation of Financial Statement
Audit:
• Selection /Appointment of Internal & Statutory Auditors, Liaison with Internal &External Auditors &
• Finalization of yearly Financial Statement and Audit for management purpose,
ERP System:
• Coordination with IT for improvement/Customization in JD Edwards.
• Follow up for creation/deletion of new/old staffs user ID In JD Edwards
• Suggested / implemented Real Estate Division Accounts in JD Edwards (+25 properties with 400 unites)
Insurance:
• Liaison with, negotiates and finalizes various insurance contracts with insurance/ broker companies.
• Keep a track of the insurance expiry on various aspects.
Customer Receivables:
• Credit Control—monthly review of AR-Customer ageing analysis and expedite recovery from customers.
• Approving credit limit to new Customers, any special release to be taken care. Price approvals in the system to be confirmed.
• Custody of Cheques return.
Inventory:
• Monthly review of Inventory ageing analysis and highlight the day’s inventory outstanding and slow moving inventory to the management.
Banking:
• Liaison with Banks & Financial Institutions.
• Checking all payments/disbursements, including salaries are properly authorized.
• Follow up for cancellation of Expired Bank Guarantees.
• Ensuing & verify the bank reconciliation on a periodic basis.
• Arranging facilities such as LGs, BGs, ODs & other long term and short terms loans etc.
Principles Companies:
• Monthly review of Payable ageing analysis and to maintain projected payments to the Principles Ensuring payments are made with proper documentation support.
• Review of Receivables from Principal Companies, by Checking all Debit/Credit notes issued, monthly reconciliation and follow up debit notes raised.
• To ensure timely payment to Principles.
• Liaison with Principal Companies on the finance side. Other work designated from the management from time to time.
Cash Flow and Purchase of foreign currencies:
• Monthly cash flow forecasting
• Monthly forecasting of foreign currency payment to the Principals
• Arranging Monthly purchase of foreign currencies from bank
Pricing /Costing of new Products:
• Preparing price structure for new items
• Change of price in system for existing item & Implementing MOH price unification in system.
The Company is Islamic bank, PJSC listed on DFM, wholly owned subsidiary of Emirates NBD Group, provides various Shari'a Compliant solutions to financial needs via Corp., Investment, TFS, RT B& RE financing.
Main Responsibilities:
•Managed and Supervised the Financial/ Credit analysis of Investments and Syndication proposal, Project Financing, Financing to FI(s), Investment in Funds & JV, Investment in Private & Listed Equities, Sukuk and Lease Financing(Ijarah), Wakala & Murabaha etc, reporting to Head of Investments, manage a team of 5 Credit Analyst & other Staffs.
•List out the information/documents require for deal assessment, Collection of all information/documents about client & guarantor from RMs, SLG, CBRB report & Rating agencies if require (KYC).
•Initial Evaluation, purpose of financing, Financing terms, client/guarantor evaluation, business/project evaluation.
•Project Financing, Review Project Feasibility, Cash Flow, Tech & Envn. Report, T/Ds, Legal/Tax Opinion. Credit Standing of Client, History/Background, Ownership, market share of the client.
•Review and analyze the Cash flow analysis, financial statements of client and commenting on Profitability, Growth, Liquidity, Solvency of Client, Parent Co and Guarantors.
•Risk assessment, outline the critical issues and risk areas involved in the deal & possible mitigations.
•Financial due diligence and Verification of the client and guarantor if any.
•Ascertain the client's ability for repayments (source of repayment for principal and profit), by DSCR/ICR criteria. Compile all information, preparing IPA, EGL and FA in Edoc.
•Submission of proposal to our Management / Board Credit Investment Committee for their review and approval.
•Preparing final Commitment Letter.
•Monthly / Yearly valuation of the Portfolios.
•Periodical Moody’s Risk Analysis & Internal Rating for all Portfolios.
•Quarterly all Portfolios update, profit & fees update, Project update for Fund and Sukuk Portfolios
•Past Due Recovery follow-up & monthly report to EXCO/ALCO, Attends queries raised by Credit.
Main Achievements:
•Performance rating: 4A-Exceeds Expectation (E) & overall objective rating: 5-Breakthrough performance.
•Independently controlled & supervised all Investment Banking activities when Manager is on annual vacation
The Companies are UAE based MNC Group, which is a manufacturer, Retailer/wholesaler in men’s wear & Fashion under the license for high brands such as PIERRE CARDIN, CERRUTI, VERRI, TED LAPIDUS, AZZARO, GUY LAROCHE, DANIEL HETCHER etc.), running chain of +300 retail outlets & wholesale business, F & B restaurants& Real Estate Developer with 2 to3b turnover over GCC- reported to the VP& managed a team of 7 audit staffs.
Main Responsibilities:
•Strengthen the overall Internal Audit functions and mapping out the audit framework.
•Planning & implementation of Internal Controls(ICs)& Internal checks
•Developed & focused a risk and system based audit approach across the Group local & overseas business.
•Audit & Assurance, Policies Corporate Governance, Systems& Risk evaluation and remedy measures.
•Internal control questionnaires, Internal control review, evaluation, appraisal and recommendation.
•GL Scrutiny, Strong Audit Observations, Fraud prevention—detection & respond action and remedy.
•Responsible for a wide range of Internal Audit activities & controlled / directed the whole IA annual plan
•Regular Surprise visits to the outlets, physical cash checking, reconciliation and random stock checking.
•Overseas Branch Audit, Riyadh and Jeddah in KSA, Sales & deposit reconciliation, expense vouching.
•Established Internal Check & Internal Control over H.O. & overseas business outlets, physical stock taking.
•Knowledge & Application of Accounting Concepts / GAAP, IFRS reporting requirements.
•Recommended and developed strategies to improve the current procedure & process
•Drafting periodical reports on audit observation & findings to Vice President and HOD for their explanation.
SHARAF SHIPPING GROUP (Agent of YML-CSCL-PM-) Dubai-IRAN - Finance Manager - 2006.
The Company is an ISO compliance entity, holding agency of various Shipping Line such as YML-CSCL-MSC-HANJIN directed& controlled all financial operations of company -YML & CSCL monthly Line Accounting-Trip A/c, SGA, Demurrages Reporting, Other MIS reporting, responsible for finalization of FS, reconciliation of Branch / H.O. Account, supervision of all section consisting of 100 staffs, reporting to Finance Director based in Dubai.
Main Responsibilities:
•Controlled, supervised & directed a wide range of Finance & Accountings activities, was responsible for finalization of financial statement.
•Quarterly Management In-house reports—Cash & Banks positions, ensure adequate funds availability.
•Application of Accounting Concepts / GAAP and IFRS reporting requirements.
•Provide financial expertise in the review & analysis of information for resources allocation, management of short & medium term cash flow, control/ reporting expense & revenue justification,
•Management of AR/AP, Cash, Banking transactions& reconciliation, Payroll work, Budgeting, Cost Analysis and variance monitoring, Cash Flow forecast, & Ratios analysis, & FUND MANAGEMENT.
•Organized the accounting department independently from beginning. Review internal controls, business process, procedures for improvements, cost reduction (IRAN SEAHOPE).
•Provided technical direction and guidance to accounting staff, responsible for clearing all accounting back log Responsible for review & reconciliation of critical accounts (DO/BL COLLECTION IN IRR A/C.), PSO AND TIDE WATER A/C. reconciliation etc (SEA GLORY IRAN).
•Responsible for monthly Vessel/Voyage wise Collection/Disbursement, final SGA& Demurrage collection report to the LINE & management (SEA HOPE SHIPPING CO).
Main Achievements:
•Promoted within 4 months as
The Company is a manufacturer/supplier of automatic packaging machines all over India, exporting to the Middle East / other countries, reporting to the MD, managed & supervised 10 qualified accountants and office executives.
Main Responsibilities:
•Organized, directed and controlled a wide range of professional level accounting duties to ensure that Financial Analytical reports are prepared and presented accurately.
•Knowledge & Application of Accounting Concepts /GAAP and IASs.
•Responsible for bank reconciliation, handled AR/AP, Bank transactions,
•Payroll preparation, Inventory accounting, cost and revenue variance analysis and monitoring,
•Preparation of estimated financial statement and project report for Credit Facilities,
•Finalization of accounts & Financial Statements. Income/Sales, TDS, Service and Professional Tax calculation and return submission.
•Financial Analysis & planning, Working Capital Management, Fund management
•Liaison with bankers for facilities & daily bank positions and fund monitoring
•Facility arrangement with banks and LC opening, settlement, accounting
•Monthly & quarterly Management Accounts Finalization, & Ratio analysis
•Trend analysis, pricing etc, Cost variance analysis & monitoring
•Identification of abnormal cost variances & corrective actions
•Accounting Policy & Treatment, Preparation & consolidation of annual budget
•Cost Centre wise /Customer wise profitability analysis, Division wise profitability analysis
•Break Even Analysis--Pricing & Product wise profitability
The Company is Manufacturer and exporter of men’s wear with its own factory in Mumbai India, employed around 200 staffs, Responsible for Accounts and Finance up to finalization, inventory accounting, payroll of factory and office staffs, reporting to Director/partner, liaison with Banks, other financial Authorities, Income/Sales, TDS, Service and Professional Tax calculation and return submission& managed team of 10 accounts and office executives.
Main Achievements:
•Implemented fully computerized accounting and finance operations from manual.
•Finalized two years pending books of accounts and Financial Statements.
•Completed Audit and Income Tax returns requirements since incorporation of the Company.
•Succeed in streamline the smooth and on time MIS reporting requirements
This is the Audit/Tax Consultancy Firms with branches over Mumbai India, Supervised and managed a wide range of auditing duties. As
Audit/Tax(Statutory, Internal, Tax/ Bank Audits)Travel & TRANSPORT—SR. I&E Audit Management.
•Arrangement of Banking Facilities with better limits and borrowing cost, arranging treasury related facilities
•Monitor and control Cash Flow daily, weekly, monthly, quarterly and yearly basis.
•Budgeting and forecast, Budgetary Control, Variance Analysis, Analytical reasoning for the variance, control measures
•MIS Reporting includes financial performance of the Group, Divisions, Company, Project and drill down to product and cost centre- wise profitability.
• Profitability Reporting of Break-Even Analysis, Project Feasibility etc.
• Inventory control based on Ageing, stock on hand, monthly moving average, Purchase order in the pipe line based on budgeting. Also, reporting on slow moving and non-moving inventories
•Receivable control based on ageing, Credit Limit, Credit Period, periodical balance confirmation from customers, aggressive follow-up.
•Payable control based on terms, meeting suppliers to get better credit limit, credit period, discounts & bonus, payment of liabilities on time, periodical balance confirmation for reconciliation.
•ERP Implementation based on detailed business study, process controls established in system, improvement of process, defining of new process in system and automated report generation.
•Audit coordination and completion as per IASB & IFRS.
•Overall management of financial affairs of the group companies & consolidation.
•Spearhead team of +30 F& A staff & prepare, review & analyze monthly & annual FSs & supervise audits.
•Strategic planning of the Group. Review & Revision of Business Plan. Long & Short Term fund raising.
•Monthly In-house, Other Management Reporting & Quarterly Board presentation of financial performance.
•Budgeting, Financial Planning & Fund Mgt., Resource Optimization & Financial Reporting. Financial Control & Accounts Management, AR/ AP Mgt. &, Variance Analysis, Review Financial Statements, Tax /Zakat Yearly & WHT monthly Returns & GOSI in KSA.
•Capital Budgeting & Investment Appraisal using, ROI, IRR, NPV, Payback etc. Internal & Statutory Audit, Assurance & Compliance, Audit Observation with Suggestion Report to President. Financial Policies Implementation, Control & Liquidity Mgt. Liaison with Banks/FIs for facilities, Taxation, Expertise in Reconciliation and Project Accounting,
•Strong Financial & Investment Analysis, SWOT Analysis for Investment & Mitigations.
•Selection/Implementation of ERP System & Customization (FOCUS I & Other Production software, JD Edwards).
•GAAP /IFRS/IAS, Working Capital, Debtors/ Creditors & Portfolios Ageing and Payroll, Manpower Mgt.
•Take part in drawing up group financial policies & procedures; resource planning, fund flow handling & risk
•Analyze business operations, trends, costs, revenues, financial commitments, & obligations, to project future, revenues and expenses or to provide advice.
•Enforce strict internal control on financial records to ensure adherence with international accounting standards.
•Develop project appraisals to identify long-term financial borrowings from financial institutions and banks.
•Watch cash flow. Liaise with banks, FIs;Take care of AR follow up, prepare cash flow statements, customer-vendor & PRINCIPAL COMPANIES settlement review &create other reports for management.
•Liaised with external auditors for annual audits to ensure timely submission of reports. Develop, & analyze budgets, review periodic reports that compare budgeted costs to actual costs.
Self Appraisal: Seasoned Chartered Accountant with+25 yrs. of rich experience in diverse fields& industries
•Pharma, Consumer Goods (FMCG), Distribution, Commodities & Real Estate Business-Finance Head
•Medical Health Care- Chain of Retail Pharmacies, Distribution Business and Polyclinics-GROUP CFO
•Construction and Contracting Industry (RCC) Big 10 Tower in Makkah SR. Financial Planning Manager
•Ready-Mix Concrete/Premix Plaster &Constructions Chemicals Mfg. & Piling Jobs Co. as
courses: SAUDI TAX/ZAKAT & Withholding Tax 2011-2015 Conducted by KPMG Jeddah/Riyadh KSA Annual Trade Seminar By Saudi Hollandi Bank 2014 Trade Finance SHB Riyadh KSA
Al Baker New Project for Warehouses, office building and staffs accommodation