Finance Director
ALJREIC/YALJ Group of Companies
Total years of experience :44 years, 9 Months
•Review the operational data & KPI’s from OPERA system on daily basis & drive to maximize the GOP in coordination with Department Heads & Hotel Directors.
•Prepare monthly, quarterly & annual financial reports & present to Board of Directors.
•Lead the annual budgeting process to produce a comprehensive budget that correctly reflects the business assumptions for the year.
•Analyse & report variance analysis between Actual, budget & forecast & update rolling forecast on periodic basis.
•Initiate & develop processes & internal controls to meet business needs and finance objectives.
•Coordinate the internal and external audit process & take required corrective actions on audit findings.
•Conduct the monthly Balance Sheet review and ensure that all B/S numbers are reconciled & documented.
•Lead the periodic Performance Review & drive Revenue Growth, Cost Efficiencies & Productivity Improvements.
•Manage the risks to the assets of the company by ensuring quality insurance, adequate guarantees, optimal credit limits, and other controls to ensure the risk of loss is minimized.
•Take action to improve the cash flow, including the resolution on overdue receivables, reducing the DSO, increasing the DPO & monitoring & helping to reduce the inventory level.
•Monitor Compliance to Purchasing procedures, Purchase programs & identify the cost improvements
•Review & develop Chart of Accounts & Account definitions so that the data is correctly recorded and uniformly understood.
•Safe keeping of all company legal documents.
•Evaluate the overall IT requirements & supervision of IT operations.
Establish financial policies, procedures, internal controls, systems & personnel.
•Prepare monthly, quarterly & annual financial reports in accordance with IFRS
•Lead the annual budgeting process to produce a comprehensive budget that correctly reflects the business assumptions for the year.
•Initiate & develop processes & internal controls to meet business needs and finance objectives.
•Manage the risks to the assets of the company by ensuring quality insurance, adequate guarantees from the clients, optimal credit limits, and other controls to ensure the risk of loss is minimized.
•Take action to improve the cash flow, including the resolution on overdue receivables, reducing the DSO, increasing the DPO & monitoring & helping to reduce the inventory level.
•Monitor Compliance to Purchasing procedures, Purchase programs & identify the cost improvements.
•Provide recommendations to strategically enhance the financial performance & business opportunities.
•Evaluate the overall IT requirements & supervision of IT operations.
•Developed strategies and managed working capital requirements of Gulf Countries, Eastern Mediterranean countries and Turkey (combined annual turnover of $750 Million).
•Streamlined credit control processes through implementation of credit policies including clearing of pending LC issues through implementation of LC process.
•Ensured compliance to processes for review of unbilled account and inventory.
•Conducted cost effective negotiations with suppliers and secured reduction in trade finance tariffs and other bank charges through negotiations with banks
•Managed regional finances for UAE, Saudi Arabia, Oman, Qatar, Kuwait, Bahrain and Egypt.
•Implemented strategic & AOP plans; coordinated internal & external audits, procurement & order processing.
•Reviewed policies & procedures and contract quotations; prepared forecasts & reports.
•Liaised with banks with regards to CAPEX & working capital management; resolved reconciliation issues related to GRIN and intercompany accounts.
•Assisted the Regional General Manager in improving financial performance of the organization.
•Ensured compliance to policies, margins & cash flow processes.
•Collated clearance & pending tax certificates from different countries of operations.
•Streamlined cost center & country-wise P&L reports for the region.
•Functioned as business lead in implementing legal entity in Oracle.
•Maintained books of accounts, CAPEX including closing & reporting of accounts in compliance to corporate procedures, taxation policies, audit guidelines.
•Prepared strategic plans & budgets, quotation approvals and agency agreements.
•Liaised with the Regional Vice President in legal & commercial issues.
•Set up regional offices in Jebel Ali & legal set up across various countries.
•Consolidated different businesses into Invensys ME.
•Focused on standardization of policies & procedures with regards to finance & HR.
•Implemented project review & forecasting processes.
• Group Finance & HR Manager, Invensys Middle East FZE, Jul 1999 - Aug 2003
• Finance & Admin Manager, APV Middle East, Saudi Arabia, Dec 1988 - Jun 1999
• Accounts Supervisor/ Chief Accountant, Saudi Danish Construction Corporation, Jul 1980 - Nov 1988
• Audit & Accounts Staff, M/s Sheikh Abdullah & Partners (Audit Firm), Apr 1978 - May 1980