ChiefAccountant
Salam Studio and Stores
Total years of experience :15 years, 6 Months
Worked towards the achievement of professional and corporate goals while associated with Qatari listed group of companies. The company has an annual turnover of more than half a billion riyals with diversified operating segments ranging from Food & Beverages, Electronics, Beauty & Fragrances and High end luxury fashion stores. During my tenure at Salam Studio, below are the main areas of responsibility:
• Preparation and review of periodic financial statements with detailed variance analysis of actual vs budgets and recommending the short term strategies to ensure the achievement of annual targets.
• Monitoring the day to day GL operations and monitoring the data automatically posted from the various integrated applications and assisting the team to rectify the exception reported.
• Recommendations to operations based on the analysis of historical data and to amend the product mix for the upcoming purchases and sales budget.
• Preparing the budgeted cash flow based on the operational budgets and advising the management accordingly on the decision to consider the CAPEX for stores renovation.
• Advising the ideal payment terms for suppliers and customers to ensure the timely payments and realization of revenues for efficient cash flows.
• Ensuring the accuracy of financial records for periodic reporting to Head Office for consolidation, got appreciation from KPMG and EY for the accuracy and effectiveness of controls and financial reporting process amongst other 35 group companies.
• Negotiation with banks for the tenure of short term trade finance facilities with respect to the cash conversion cycle to ensure the working capital availability with least financing cost, providing the company with efficient solutions while maintaining the ideal relations with banks.
• Keep up to date with all the developing requirements in income tax and excise tax and timely submission of tax returns without any errors.
• Focused on the learning aspect of the team to ensure that they have effective skills set and work diligently to grow in their career.
I have been working as Finance Manager at Al Heya Holding Group Abu Dhabi. Group companies include AL Heya Special Glass Factory, Al Heya Holding General Contracting and Haverkamp Security Solutions. Some of the Group companies are in startup phase and will soon start operations in coming months. The main potential customers of the Glass factory are militaries of UAE and other GCC partners.
In my capacity as the Manager, I was managing the Finance and Accounts functions of the Group and the subsidiaries.
One ofthe top textile manufacturer exporting textile made ups to the European and South American markets. During my tenure, I was responsible for the Finance and Accounts function ofthe company.
My areas ofresponsibility include:
• Ensure accurate and timely accounting, book keeping and reporting.
• Provide monthly, quarterly and annual management reports to the CEO.
• Ensure proper accounting, reporting and financing practices are adhered to
• Working capital requirements forecasting based on projected cash flows.
• Optimize the use offinancial resources.
• Ensure the protection of company assets through proper control procedures
AmemberfirmofKPMGInternational Three and half years extensive learning and professional association with KPMG Pakistan and KPMG UAE, one of the top four assurance and advisory firms in the world, has exposed me to a cross-functional experience in the field ofassurance, internal and functional audits and consulting services. This has helped me in developing a broad horizon of the corporate culture and being instrumental in delivering results with lowest resources under extremely stressful and demanding situations. Moreover the association with KPMG provided me an ample opportunity to learn and perform the following tasks throughout my stay with the firm:
• Audit Planning on the basis of assessed risk level and available resources.
• Carrying on various analytical procedures to ensure the financial records are not materially misstated.
• Analysis ofthe going concern and linking ofthe strategic business risks with potential financial statement effects
• Evaluating and restructuring internal control and accounting systems
• Finalization of clients financial statements to ensure the presentation as per International Accounting Standard.
• Assisting senior manager and engagement partner to conclude the audit report based on the results ofaudit procedures.
CPA Membership awarded.
ACCA Membership awarded.
Certificate in Accounting and Finance awarded.