Amir Abu Farsakh

Core Responsibilities:

Portfolio Oversight: Lead comprehensive financial operations and governance for one of the UAE’s largest integrated asset and facilities management portfolios.

Financial Planning & Intelligence: Orchestrate corporate budgeting, forecasting, multi-entity management reporting, comprehensive financial close procedures, and corporate performance reviews to support board-level strategic decision-making.

Commercial Risk & Compliance: Direct VAT compliance, external audit coordination, and strict regulatory frameworks across all financial workflows.

Treasury & Governance: Serve as the designated finance representative and authorized bank signatory, managing complex treasury operations and financial approvals within the corporate Delegation of Authority (DOA) framework.

Working Capital Optimization: Govern and optimize advance payments, retention balances, and project-related liabilities to ensure strict alignment with contractual, corporate, and financial mandates.

Team Leadership: Mentor, develop, and scale an agile finance function to continually elevate technical capabilities, analytical throughput, and overall departmental efficiency.

Key Achievements:

Strategic KSA Turnaround: Partnered with Operations and cross-functional leadership to spearhead the structural turnaround of the Khidmah KSA branch, successfully shifting critical ARAMCO and GE projects from a net loss to robust profitability within twelve months.

Multibillion-Dirham Portfolio Growth: Managed a large-scale portfolio expansion from AED 450M to AED 1.7B while continually improving operational efficiency, framework structuring, and governance quality.

Massive Scale Integration: Led finance integration and contract novation initiatives across 38+ federal and local government entities following the operational transition from Musanada to Aldar Estates, guaranteeing the seamless synchronization of processes, controls, reporting, and ERP workflows.

Cash Flow Discipline: Championed accounts receivable and credit collection initiatives for key government clients, leveraging proactive stakeholder engagement and relationship management to sustain Days Sales Outstanding (DSO) below 70 days consistently over the last five years.

Accounts Payable Governance: Overhauled accounts payable operations and vendor management frameworks, securely directing the processing of over AED 5.5B in vendor payments across a five-year tenure while maintaining rigid contractual compliance.

Risk Mitigation & Control Frameworks: Substantially strengthened Internal Control over Financial Reporting (ICFR) by automating approval workflows, establishing strict Segregation of Duties (SoD), and reinforcing risk management protocols

Core Responsibilities:

Commercial Property Finance: Managed comprehensive sales and leasing financial operations, including meticulous escrow account monitoring, deferred income management, and the control of post-dated cheques (PDCs).

Financial Planning & Analysis (FP&A): Directed multi-entity corporate budgeting, forecasting, and granular management reporting to provide leadership with clear financial visibility.

Treasury & Corporate Banking: Controlled complex corporate banking activities and optimized cash management strategies for the portfolio.

Governance & Close Procedures: Oversaw complex month-end and year-end financial close procedures, external audit coordination, and strict VAT compliance.

Key Achievements:

Revenue Protection & Turnaround: Identified, escalated, and successfully resolved a critical revenue and cost leakage exposure valued at AED 116 million by immediately designing and implementing stringent corrective internal controls.

Digital Transformation & Change Management: Successfully delivered and led the end-to-end implementation of Microsoft Dynamics 365 for leasing and sales operations, including comprehensive CRM, Yardi, and agreement integration to modernize the finance function.

Core Responsibilities:

Full-Spectrum Financial Management: Oversaw the full spectrum of core financial functions, including general ledger, accounts payable, accounts receivable, corporate payroll, and fixed asset accounting.

Financial Reporting & Analysis: Managed monthly financial reporting, business activity statements, and complex multi-ledger balance sheet reconciliations.

Budgeting & Fiscal Alignment: Led annual corporate budgeting and forecasting activities across multiple business departments in strategic alignment with executive board directives.

Executive Decision Support: Prepared comprehensive monthly management reports and robust budget-versus-actual variance analyses to provide leadership with clear financial intelligence.

Audit & Compliance Stewardship: Supervised all internal and external audit workflows, establishing a rigorous control environment while ensuring strict regulatory compliance.

Team Development: Coached, mentored, and upskilled financial team members to support rapid organizational expansion during an impactful seven-year tenure.

Key Achievements:

Cross-Functional ERP Implementation: Played a pivotal leadership role in orchestrating full-cycle SAP and Maximo ERP implementations, successfully driving complex system architecture integrations, financial process reengineering, and localized staff training.

Governance Infrastructure: Developed and deployed comprehensive internal finance policies and standard operating procedures (SOPs), establishing strict regulatory compliance frameworks from the ground up.

Revenue Stream Optimization: Maximized top-line growth and protected profitability by aggressively optimizing revenue streams tied to high-volume commercial contracts and chargeable, ad-hoc work orders.

Core Responsibilities:

Financial Control & Accounting: Managed comprehensive month-end and year-end financial closing, standard reporting, and full balance sheet accounts analysis.

Ledger & Cash Oversight: Supervised corporate Accounts Receivable (AR) and Accounts Payable (AP) sub-ledgers, delivering detailed aging metrics and cash flow updates to senior management.

Fiscal Planning Support: Supported comprehensive corporate budgeting frameworks spanning multi-entity revenue, Operating Expenses (OPEX), and Capital Expenses (CAPEX).

Commercial Intelligence: Conducted deep-dive project costing analyses to safeguard project margins and protect bottom-line performance.

Key Achievements:

Financial Intelligence Automation: Coordinated closely with IT to engineer and deploy custom Oracle Financials and Oracle Discoverer report suites, dramatically enhancing reporting visibility and data accuracy.

System Integration Excellence: Actively participated in and drove Maximo financial system enhancement projects to streamline workflow integrations across operational and financial functions.

Commercial Tender Strategy: Provided high-level financial intelligence and strategic cost modeling for commercial tender pricing activities, enabling informed executive bidding decisions and revenue maximization.

Granular Profitability Architecture: Built out granular profitability analyses that identified cost variances and optimized cash allocation across diverse real estate and property portfolios.

Core Responsibilities:

Financial Control & Close Procedures: Managed the complete month-end and year-end financial close processes, including the accurate preparation of comprehensive financial statements.

Working Capital & Ledger Oversight: Oversaw core Accounts Receivable (AR) and Accounts Payable (AP) lifecycles alongside strict petty cash controls to protect organizational liquidity.

Cost Governance: Supervised operational cost controls and monitored budgetary alignment across diverse business workflows.

Key Achievements:

Full-Cycle ERP Implementation: Represented the finance division during a highly successful, full-cycle Maximo ERP implementation, driving process mapping and user adoption.

Intensive Cost Accounting Architecture: Performed deep-dive cost accounting analyses covering labor, subcontractors, materials, and internal variances to identify inefficiencies and safeguard project margins.

Variance Mitigation: Established a structured framework for analyzing internal cost variances, providing senior leadership with the visibility required to curb operational overruns.

Core Responsibilities:

Accounts Payable & Reconciliations: Managed full-cycle supplier invoicing, standard payment processing, and comprehensive multi-currency bank reconciliations.

Accounts Receivable Governance: Supervised customer accounts receivable ledgers to maintain data integrity and track outstanding credit balances.

Cash Allocation: Controlled daily transactional workflows to ensure accurate ledger balancing and cash updates.

Key Achievements:

Working Capital Optimization: Monitored customer accounts receivable and successfully accelerated credit collections, significantly maximizing operational working capital and liquidity.

Workflow Automation: Engineered and automated payment processing workflows to eliminate manual bottlenecks, improve vendor relations, and reduce transaction processing cycle times.

Credit Risk Mitigation: Established proactive collection tracking and communication protocols to minimize overdue receivables and protect company margins.

Core Responsibilities:

Disbursement Controls & Claims Audit: Audited and processed approved insurance claims, executing accurate settlement verifications and corporate disbursement procedures.

Receivables & Installment Tracking: Monitored and tracked corporate insurance policy installments to preserve consistent cash inflows and ensure active policy coverage.

Intercompany Ledger Reconciliation: Managed and resolved intercompany credit and debit notes across diverse organizational branches to maintain clean ledger balancing.

Treasury Support: Assisted senior financial leadership with multi-currency bank reconciliations and transactional validation to safeguard cash reporting accuracy.

Stakeholder Management: Served as a core financial point of contact for external clients, handling inquiries, addressing discrepancies, and maintaining strong business relationships.

Key Achievements:

Process Optimization & Leakage Control: Streamlined the verification process for insurance complaints and claims, ensuring precise payout calculations while reducing processing cycle times.

Intercompany Reconciliation Efficiency: Overhauled the tracking of credit and debit notes between corporate branches, drastically reducing outstanding internal variances and improving reporting transparency.

Working Capital Protection: Proactively followed up on outstanding policy installments, minimizing collection delays and protecting organizational liquidity.