Ahamed Rifkan

Company Profile

One of the leading corporations based in Maldives, having its core business from fisheries to wide array of other sectors. The Company has successfully established its brand across Europe and USA, having its branches in USA, Germany and its manufacturing plants in Maldives, Sri Lanka.
------------------------------------------------------------------------------------------------------------------------------------------------------
Job Profile

Lead strategic negotiations, operation support while taking in charge of multiple roles within the finance function. Spearheaded all financial matters, from statutory accounts to cash pooling management, from leading strategic projects to setting cost killing action plans, from team restructuration to risk management.

► Instrumental in securing $14 Mn debt financing from Deutsche Bank of Germany

► Facilities designed for manufacturing plant acquired in Sri Lanka and the new business unit launched at USA

► Implemented new analytics and metric based tool, to capture ongoing operational results and bench mark against budget to allow fact-based decision making.

► Risk & compliance management; attending and managing in-house and offshore (USA, Germany and Sri Lanka) regulatory compliance and credit risk management

► Reduce obsolescence risk of $180K via weekly meetings to sell off the product using different strategies

► Balance sheet re-structuring and tax planning with net saving of USD 260K

► Increased EBITDA by +$600k by negotiating win-win terms with key suppliers/service providers and implementing and streamlining cost effective strategies.

General Role/tasks;
• Develop effective strategies to ensure the management accounts and management information on budgets, forecasts and business plans is provided in a timely manner and conveys detailed information and analysis to enable the business to make strategic and operational decisions
• Ensure management accounts for all the Group Companies is provided to enable the visibility of the margins and costs in sufficient detail to enable companies to respond to opportunities in the market
• Manage relationships with bankers, attorneys, investors, auditors; Secretary of the Board of Directors.

Company profile:

One of the leading subsidiaries of the largest conglomerate in Maldives. The company owns and operates Maldives’ largest cannery plant with $ 60Mn budget and staff of 275.

------------------------------------------------------------------------------------------------------------------------------------------------------
Job Profile

Directed finance team of 12 encompassing controllership, business operations, decision support, financial planning and analysis and being a driving force for the commerciality of the business via the identification and implementation of business improvement measures.
► Instrumental in securing $25Mn debt financing from “The Islamic Corporation for the Development of the Private Sector” (ICD).

► Increased accounting productivity by implementing a spreadsheet interface with the company accounting software to speed up the monthly financial reporting process. The time to produce monthly financial reports was reduced 20%.

► Developed relevant financial and operating key performance indicators, set up efficient controlling team, conduct weekly meeting to improve the financial performance.

► Develop comprehensive operational and financial policies; financial reporting systems

General Role/tasks;
• Financial Management Measures and Processes
• Evaluating Strategic Opportunities
• Treasury Management
• Business Information Systems
• Value Drivers & New Business Opportunities
• Benchmarking Financial Performance
• Statutory Accounting
• People Leadership & Development

Company Profile

The resort claims to be the largest resort in Maldives with 5 star category and 425 room. The annual turnover of the company is $75mn with staff of 175.

------------------------------------------------------------------------------------------------------------------------------------------------------
Job Profile

Acting chief accountant for period of six months spearheading accounts department with the CEO and CFO for a major restructuring process.

► Re-structured the accounts department and re-designed the reporting structure

► Developed a Standard Operational Procedure (SOP) for the finance and operational function of the resort and carried out pre-implementation training programmes

► Reviewed and fine-tuned the existing internal controls to better accommodate the changing business environments

General Role/tasks;
Also I was in-charge of running the day to day operations of the financial department, in addition to monthly and yearend reporting and financial statements

• Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, budget
• Review & approve payment vouchers & journal entries
• Responsible for timely monthly financial statements, payments, cash-flow
• Management reporting for submission to HQ

Company Profile

A trading company with annual turnover of $15mn and staff of 30.

------------------------------------------------------------------------------------------------------------------------------------------------------
Job Profile

Primary responsibility is to administrate and oversee bank and cash transactions, internal control, budget, collections, suppliers accounts, clearing, payroll. Also oversaw the accounting department in all its functions, duties and responsibilities.

Provided business advisory, due diligence, assurance and compliances services for public and private companies, including risk based internal audit reviews and developed management recommendations.

Managed administration of multiple, concurrent audit engagements, involving +12, 000 man hours, primarily in the trading, telecommunication, hospitality, service, manufacturing & construction industries.

Responsibilities:

• Audit planning, Risk assessment, Audit procedures & Finalization
• Evaluated internal controls and suggest improvements to ensure that the system functions are more effective.
• Preparation/review of financial statements, auditors’ reports and other reports in accordance with relevant standards and legislation.
• Utilizing IT networking technology, and maintaining high degree of proficiency in all MS Office.