Head of Financial Operations
Dubai Airports
Total years of experience :18 years, 7 Months
Head of Financial Operations 2006 - Present
Dubai Airports
Dubai, UAE
Heading the following sections within the finance unit and reporting to the Vice President Finance:
• Accounts Payable
• Accounts Receivable
• Cash Management
• General Ledger
• Fixed Assets
Main achievements and responsibilities
• Established and maintained effective financial and accounting recording, reporting and control mechanisms to ensure the company meets all International and domestic legal requirements in order to assist the senior management and other colleagues in developing and meeting operating company's objectives, plans, budgets and forecasts.
• Performing comprehensive analysis and projections, relating to the business, budgets and trends.
• Participating in overseeing the departmental budgets and support managers to effectively manage and control their budgets.
Other Accomplishments
• Conducted a financial benchmark in 2009 with Incheon Airports (Number 1 Globally as per ACI ranking)
• Participate as being one of the strategic team who has been engaged in the opening of Terminal 3 and Concourse 2 during the year 2008.
• Participate as being one of the strategic team who has been engaged in the opening of Al Maktoum International Airports (DWC) Jabal Ali during the year 2010.
• Participate heavily in the restructure process incurred in the finance unit of Dubai Airports and worked closely with PWC consultants.
• Prepared the job responsibilities of the finance staff under my area of responsibility.
• One of Dubai Airports' talents (TALY program): based on my outstanding performance during the year 2008, the management has selected me to be prepared through a comprehensive leadership program as to be one of the future leaders of Dubai Airports.
• Founder of the idea of supplier portal where the supplier or DA internal units can access that portal and check payment status.
Financial & Admin Controller Jun 2002 - Feb 2006
Sharjah Mega Mall
Sharjah, UAE
• Business Risk Management
• Financial Reporting &Analysis Forecasting
• Cash Management
• Budgeting
• Cost Reductions
• Technology Integration
• HR policies and procedures
• Procurements & Contracts policies & procedures
• Regulatory Compliance
• Consolidated F.S
Over all In- Charge of the Financial & Admin Controller in respect of the following group of companies:
• Sharjah Mega Mall
• 2XLFurniture ( Retail Business - Furniture & Accessories outlets)
• Antic's land (Family Entertainment and Play Ground Area)
• Femina ( Retail Business - Lady's garment outlets)
• Other real estate units belong to the same group.
Main Responsibilities & Accomplishments
• Implementation of technology, which improved tracking and reducing operating expenses 20%.
• Set up an organization structure of the group, as well as job responsibilities of each post within the structure.
• Set up and managing human resource's (HR) policies and procedures.
• Set and managing procurement & contract (P&C) policies and procedures.
• Strategically restructured financial reporting processes in accordance with organizational changes.
• Served as key leader in effectively managing 15% annual revenue growth.
• Accumulating and evaluating the financial data and reports for the organization to foresee its financial standing in the market.
• On job specialized training provided to the accounts department
• Expertise guidance and supervision of the financial related personnel and provide financial consultation.
• Examination, monitoring and reviewing the work to see that there is no weaknesses and objectives are accomplished.
• Evaluating the financial stability and feasibility of the new projects undertaken and participating with the technical staff for preparing the projection cost for each project.
Audit Supervisor Nov 1998 - May 2002
Ernst & Young
Egypt
• Accounting & bookkeeping
• Analytical Procedures
• Internal Control Assessment
• Due Diligence
• Management Consultancy
• Conversions (from governmental accounting to IAS/GAAP)
• Audit & Assurance
• Regulatory Compliance
• Internal Audit and Risk Management
Main Responsibilities & Accomplishments
• For each audit engagement fully and ultimate responsibility for the conduct of the audit and for the issuance of an opinion on the financial statements.
• Developing the overall strategy for the audit and for assigning suitable personnel to engagements, bearing in mind the need to achieve a balance in staffing requirements, personnel skills, individual development and utilization.
• Smooth operation of the audit and for ensuring that the work is carried out to the firm's established standards. This involves determining the objectives of the examination and monitoring and reviewing the work to see that these objectives are accomplished.
• Ensuring adequate quality control over the technical aspects of the audit and for providing technical knowledge and support to the senior and the team.
• Responsible for the day to day technical and administrative control of the audit through ensuring that the work on each area of the audit is being carried out in a timely and competent manner.
• Controlling the work which is being undertaken by other members of the audit team. Through review the work being performed and related working papers on site, give guidance where required and ensure that tests are properly directed and in accordance with the audit program.
• Ensuring that there are adequate staffing arrangements for the assignment., and also ensuring that the best allocation of staff has been made.
Senior Auditor Dec 1994 - Sep 1998
AWNI FARSAKH & Co
Dubai, UAE
• Accounting & bookkeeping
• Analytical Procedures
• Financial Litigation Cases, Dubai Court
• Company's Evaluation and Due Diligences
• Agreed Upon Procedures Engagements
• Internal Control Assessment Engagements
• Preparation of financial statements
Main Responsibilities & Accomplishments
• Auditing financial statements sections (e.g. FA, AP, AR, and Inventories)
• Checking the reliability and accuracy of the accounting records.
• Preparing the financial statements.
• Maintain the accounting books for many companies.
• Performing an evaluation assignments for many companies registered with the security exchange
• Supervising and coaching audit team during the fieldwork.
• Assessing and testing the internal control environment.
Undergraduate Trainee Summer 1991, Summer 1992, Summer 1993
Public Accounting Firms
Cairo, Egypt
Joined a couple of Public Accounting Firms and performed lots of audit and bookkeeping engagements while studying at the university for the purpose of better obtaining a well understanding of an accounting and auditing career and to gain the knowhow of the professional life.
Institute of Management Accountant, IMA
Institute of Internal Audit, IIA
Bachelor of Commerce, 1993 Cairo University, Cairo, Egypt Accounting Major Certified Public Accountant , CPA , USA , CA