Ahmed El-Farra, Finance Manager

Ahmed El-Farra

Finance Manager

Clairvoyance Integrated Solutions

Location
Kuwait
Education
Master's degree, MBA Finance & Investment
Experience
15 years, 9 Months

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Work Experience

Total years of experience :15 years, 9 Months

Finance Manager at Clairvoyance Integrated Solutions
  • Kuwait - As Salimiyah
  • My current job since December 2019

• Compile financial data for the CEO, providing actionable insights that resulted in the implementation of cost-saving measures, ultimately boosting profitability by 10%.
• Optimize financial and cost accounting procedures, ensuring seamless execution of account transactions, and advising strategic insights on implementation methodologies; led to a 20% reduction in processing errors and a 30% enhancement in financial data integrity.
• Establish the companys cash flow and performance via monthly reports, making decisions as required.
• Guide senior management in establishing budget controls and accounting policies to support company objectives, resulting in a 15% reduction in variances and improved long-term financial stability and growth.
• Develop financial data and performance metrics, propose recommendations to enhance operational efficiency.
• Direct cross-functional teams in optimizing project budgets, achieving a 20% increase in cost-efficiency.
• Orchestrate a comprehensive cost analysis initiative resulting in a 15% reduction in operational expenses.

Finance Manager at Wireless Mobile Data Co. K.S.C.C holding (B. Wireless)
  • Kuwait - Al Kuwait
  • January 2015 to October 2018

• Directed finance department operations at WiMD and ISP Gulfnet Communications, setting and achieving goals, resulting in a 20% increase in cost savings and a 35% improvement in operational efficiency.
• Delivered comprehensive financial reports to the CEO, providing insightful interpretations, and recommending strategic actions.
• Analyzed financial statements and market trends of 3 acquisition targets, identifying potentials and risks, leading to successful acquisition of one company and expansion into the markets.
• Analyzed costs, pricing structures, variable contributions, sales outcomes, and actual company performance against established business plans.
• Implemented strategies to ensure financial statements met IFRS standards and contractual obligations.
• Supervised budget department to develop budgets aligned with organizational objectives, resulting in 10% increase in cost efficiency.
• Coordinated departmental meetings to align on company objectives and foster interdepartmental collaboration; facilitated the development of a cohesive roadmap that led to a 25% increase in time savings, paperwork, and workflow.
• Influenced expertise on investment opportunities, resulting in a 15% increase in proper decision making and a 5% increase in overall profitability.
• Engaged in negotiations with banks regarding group facilities, assessing the groups requirements for diverse financial arrangements.

Chief Accountant at Wireless Mobile Data Co. K.S.C.C
  • Kuwait - Al Kuwait
  • April 2013 to December 2014

• Spearheaded the optimization of AR, AP, bank reconciliation, and audit procedures, leading to a 30% increase in cash flow and a 15% improvement in audit efficiency.
• Conducted forecasting, planning, and budgeting activities.
• Developed project cost forecasts and budgets, while monitoring and implementing cost controls.
• Determined the costing and pricing strategies for the companys services and products.
• Assured compliance with updated accounting standards.
• Toke responsibility for the timely preparation of monthly consolidated financial statements, payments, and cash-flow management reports for submission to top management.
• Conducted cash flow forecasting and budgeting, collaborating closely with operations and project teams to increase margins, reduce variances, and cost factors.
PREVIOUS EXPERIENCE
______________________________________________________________________

Senior Accountant at Oxygen United Co.
  • Kuwait - Al Kuwait
  • January 2012 to April 2013
Accountant at Becarre Exhibitions Organizing Co.
  • Kuwait - As Salimiyah
  • May 2008 to March 2011
Accountant at Oriental Weavers
  • Egypt - Tanta
  • December 2005 to September 2007

Education

Master's degree, MBA Finance & Investment
  • at Marywood University
  • March 2025
Diploma, Financial Modeling & Valuation Analyst FMVA
  • at Corporate Finance Institute CFI
  • August 2024

Financial Modeling & Valuation Analyst (FMVA), (CFI) Canada, Certificate No. 22169261

Diploma, IFRS
  • at ACCA
  • April 2024

International Financial Reports Standards (CertIFR), London, Reference No. AD48849

Higher diploma, Certified Financial Manager (CFM)
  • at institute of financial consultants
  • January 2024

Certified Financial Manager (CFM) , USA , Registration No. 19321

Bachelor's degree, Bachelor's Degree Accounting
  • at Tanta University
  • June 2001

Specialties & Skills

Financial Reporting
Strategic Financial Planning
Financial Analysis
Budgeting and Forecasting
MS Office
OPERATIONS
ACCOUNTING
MANAGEMENT
FINANCIAL STATEMENTS
BUDGETING
CASH FLOW FORECASTING
Microsoft Dynamics GP
Financial Analysis
Budgeting & Forecasting
Financial Reporting
Variance Analysis
Cashflow Managment
Strategic Planning
Investment Management
Oracle Netsuite

Languages

Arabic
Expert
English
Expert

Training and Certifications

Financial Decision Making (Training)
Training Institute:
IFC
Date Attended:
December 2016
Training in applying IFRS 15, 9 & 16 (Training)
Training Institute:
KPMG

Hobbies

  • Chess