Managing Partner
Al Mihad Training
Total des années d'expérience :11 years, 10 Mois
Finalization of accounts, preparation of budgets and managing the professional qualification programs and training are the core responsibilities. The organization facilitates the quality coaching in professional qualifications in finance (certificates and diplomas) awards by UK and USA professional bodies.
Achievements:
§ Secured platinum learning partner status for the institution from UK Chartered Certified Accountancy body for results achieved above global passing rates by Introducing successful teaching approaches learned by attending various trainings for trainers and comprehensive research on teaching techniques.
Trainings:
§ Conducted the following trainings in MS Excel for students, affiliates and members for their growth at job and for research report submissions.
o Advanced MS Excel training
o Dashboard Reporting
o Budgets, Forecasts and Feasibility Reports
o Financial Modelling
Accountable for strategic planning, development and leadership of entire finance function as well as day to day management of banking requirement of company’s largest import export division.
Financial Achievements
Negotiated and structured financing agreements, resulting in basis point reductions, easing more favourable covenant restrictions and simplifications of borrowing process.
Arranged new long term finances for building factory and installations of plant and machinery while setting up manufacturing unit.
Designed management reporting systems and tailored financial and operating reporting system.
Negotiated and revised shipping costs for imports and exports and saved over AED.500K annually. Reduced cost of insurance for employees and assets worth of AED.50M by AED.300K annually.
Cut receivable write-offs by developing credit policies, instituting aggressive collection strategies and establishing constructive dialogue with delinquent accounts.
Directed annual plan review process and strengthened accountability by partnering with senior-level department and offshore managers in all business units.
Operational Achievements
Initiated strategies to redeploy resources, resulting in12% increase in gross margin by partial withdrawal from low margin product line.
Instrumental in improving operating profits from AED.4M to AED.12M, and assets from AED.13M to AED.24M.
Designed variable cost model in excel for each line of product to compare the margins. This model helped in decision making to increase market share of high margin product and how to quote the price for customized product and to set suitable margins to materialize the order.