Contracts Manager
Transguard Group
Total years of experience :12 years, 8 Months
● Constructed and rolled out dashboards to track expired contracts, contract summaries, contract profitability, and penalty tracker to deliver expedited decision making
● Successfully led and negotiated $200m worth of contracts, and continuously assisted procurement in reviewing vendor templates
● Saved $250K in 6 months by executing fuel efficiency strategies earning me a Lean Six Sigma Green Belt
● Effectively negotiated the recovery of $175K written off bad debt; through conflict resolution and mediation
● Fruitfully countered client’s imposition of contractual penalties; saving $100K of profit erosion
● Manage and oversee the RFP, pre-qualifications, bidder registration, contract review, scope of works, and review of performance measurement criteria to inform stakeholders of key risks in the contract
● Led the business development effort to sign HSBC which culminated in a $30m revenue across 3 years
● Conduct due diligence qualification screening of customers at the pre-bid stage; negotiate customer agreements to mitigate financial, operational risks and manage contract disputes; resolves invoicing, payments, and contractual penalties to enhance contractual cashflows
● Assisted in the development and implementation of GRN tracker resulting in a 50% reduction in fulfilment of purchase requisitions and resulting in a Lean Six Sigma Yellow Belt award
● Deployed COVID-related tracker to manage contract disputes/suspensions, terminations, and variations
● Skilled in working with federal/provincial governments, PPP, NGOs, Owner’s Associations, and standard commercial contracts with for-profit corporations
• Perform detailed review of monthly financial results
• Conduct high level review of revenue and cost & follow up with profit & cost centers
• Present monthly, budget & forecast numbers to senior management.
• Initiate month end closing process in tandem with the finance department and respective business units
• Perform group-wide headcount reconciliation & provide analysis/commentary
• Prepare monthly reports for internal and external stakeholders within agreed timeframe
• Perform quarterly analysis of budgeted Vs. actual spend & adjust outlook based on discussion and expectations
• Track and analyze group KPI’s monthly
• Track & circulate group wide balance scorecards monthly
• Perform special projects to improve process efficiency and performance as assigned by management
• Perform Cost benefit analysis, SWOT, time series analysis & independent research on identified opportunities
• Review terms of trade and identifying potential financial weaknesses in contracts (with respect to cashflow and P&L)
• Prepare rolling forecast model for use by business units
• Perform pricing exercises for business units based on existing methodology
• Design and evaluate new pricing methodologies for business units
• Evaluate and identify areas for cost reduction and increase efficiency through trainings and seminars (Expense approval process - Lean Six Sigma - Yellow Belt).
• Handle the audit process ensuring adherence to best practices and execute daily activities of audit engagements of various clients
• Perform various statutory / financial audits applying IFRS, ISA & Accounting Practices.
• Schedule, conduct and organize audits of full complexity for conformity with policies & procedures of the company
• Interact with clients and ensure efficient flow of information from them to the audit team to follow Deloitte’s Audit & Assurance Methodology
• Maintain professional skepticism to ensure accuracy of audit findings
• Ensure compliance with UAE (Including free zone) laws and regulations including anti money laundering & terrorism funding detection.
• Produce audit work papers & documentation for submission to partners for their concurrence.
• Perform audits on financial statements of companies and investigate all material issues raised by professional or regulatory authorities
• Evaluate clients’ controls & procedural standards and deliver complete audit statements and reports as per client, regulators & users of financial statements
• Recommend controls & procedures focusing on operational improvements, cost savings and productivity enhancements
• Co-ordinate and liaise with professionals in various fields like legal, actuarial, IT experts and decision-making for resolution of critical reportable matters
• Ensure financial statements comply with all the applicable requirements of International Financial Reporting
framework and local regulations
• Engaged in auditing clients from the following industries; Oil & Gas, Construction, Real Estate, FMCG, Hotels, Media and Transport (Shipping)
Economics major with concentration in Monetary theory, Statistics and Macro Economic theory. Minor in sociology and psychology