ALMAS ISMAIL HAMEED MARIKKAR

Concentration: Automobiles - Importer and distributor and Financer of new and used vehicles and related After Sales Services

Key Responsibilities:
• Driving the HO & central Finance team by reporting to GM Finance whilst collaborating with the Group CFO & Country Head (COO) in Business Planning, Annual Budgeting, Deal Analysis, Investment Appraisals, Financial Models and business cases and reviews
• Managing the preparation of the Annual Business Plan and Budget along with the Budgetary Control Process.
• Analyzing the financial performance by segments and channels and conducting the senior mgt. reviews and forecasts
• Finalizing the monthly Reporting pack, review and presentation with rolling forecasts for KSA, group and Renault principals
• Coordinating the implementation of BSC & KPI with the Network Expansion & Business excellence unit.
• Identifying cost saving initiatives and challenging the business heads by proposing various CBA scenarios on PL line items
• Evaluating all major sales deals and clearance from F&A, expansion projects and marketing & financing schemes in terms of their strategic & financial viability by way of feasibility studies prior to recommending which ones to go ahead with.
• Fund flow planning and follow up on debtors and operating and financial lease flows internally and for externally with Corporates for Banking & Financial support for working capital and expansion projects.
• Participate in price positioning and sign off final prices by channels and levels and follow up to liquidate aged stock
• Leveraging technology through the automation of activities and maximum utilization of SAP for timely delivery and wider scope.
• Coordinating with Divisional Heads and General Managers for monthly reviews and with GL owners, Accountants and Accounting Managers (AR, AP & Head Office Finance Team) for complete Financial Accounting and balance sheet reviews.
• Finalizing and Managing the Statutory Audits for all operating companies as per the SOCPA for local and IFRS for Oman
• Assessing the strength of the existing Internal Controls through Internal Audits and recommending new controls to reduce internal audit points and ensure stringent controls and responding to internal audit reports for points closure.
• Recruitment, Training, Annual Appraisals of performance of staff in alignment with their KPIs and supporting them in career progression through mutually agreed internal training and development programs and coaching.

Core Purpose of Job:

• Responsible for aligning and developing the Financial Accounting & Reporting, Performance Management Reporting, Financial Policies of the Joint Ventures & New Businesses in line with Almarai Group norms and standards.

• Responsible for the Statutory Audits of the holding companies, subsidiaries and in its local country of incorporation under the local GAAPs or IFRSs as applicable.

• Developing the location finance teams to develop finance procedures, policies and reporting templates  

Core Purpose of the Job; - \n \n• Responsible for delivering the Internal Income Statement and Balance Sheet \n• Responsible and preparation of External Financial Statements \n• Providing Analysis and commentaries on Internal Reporting \n• Preparation and Analysis of Segmental Reporting - Quarterly and Annual Financials \n• SAP FI/CO Reconciliation \n• Responsible for the deliverables and developing of the Accountants and the Senior Accounting Officer of the Reporting team. \n• Preparation of the various analysis and management reports and presentations

Responsible for the Group Financial Reporting & Management of monthly and year end financials including Consolidated Financials, which includes the following :

0 Preparation of the divisional Balance Sheet
o Preparation of Withholding tax & Group Taxations including
Special Purpose financials
o Preparation of Standalone company financials
o Preparation of various Adhoc Reports and presentations

KEY DELIVERABLES:

FINANCE

 Responsible for the Accounting, Finance and Operation functions
 Formulation of financial strategy and implementing the financial plans
 Financial management and finalizing the Financial Statement
 Approval of Investment Plans and Expansions
 Budgeting and Business Planning
 Liasing with Adidas Regional office with regard to Finance and Planning

INTERNATIONAL BUSINESS

 Managing the New SBU “International Business”
 Liaising with merchandising, manufacturing, sourcing and logistics department to develop the overseas clients.

NOTABLE ATTAINMENTS

 Managed the finance effectively and reduced finance cost, credits by controlling inventory and procurement.
 Successfully completed the BPR of the Company
 Introduced the Web portal concept for International Business


* RECOMMENDATION/ EXPERIENCE LETTER AVAILABLE FROM HAMEEDIA IF REQUIRED

KEY DELIVERABLES AND NOTABLE ATTAINMENTS : \n \n Managed the entire finance function of the Group \n Financial Planning and arranging credit facilities for growth \n Introduced Inventory management tool

KEY DELIVERABLES AND NOTABLE ATTAINMENTS :

 Preparation of the Annual Budget and the variance Analysis of the Group
 Preparation of various MIS reports on performance and profitability
 Preparation of the Costing of the manufacturing division
 Preparation of Investment Appraisals for Approval
 Preparation of the Monthly Management Commentary
 Successfully launched and implemented the Budget on Excel Budget Tool
 Introduced a Costing system on Excel

KEY DELIVERABLES AND NOTABLE ATTAINMENTS :

 Managing the investment portfolio
 Preparation of monthly accounts
 Evaluation and disbursement of financing facilities
 Preparation of investment and deposit report to the senior management
 Investment strategy formulation
 Responsible for maintaining the accounting system
 Preparation of quarterly investment plans and promotion mechanism
 Calculation of investment product profitability and profit distribution
 Introducing and setting up the financial function, Controls and mechanism for the company
 Launching a New Financial Instrument - Hilal
 Introducing the Profit Allocation system in Excel