Amit Shah, Head of Finance, Procurement & Property

Amit Shah

Head of Finance, Procurement & Property

Confidential

Location
Bahrain - Manama
Education
Master's degree, Finance, MBA
Experience
24 years, 5 Months

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Work Experience

Total years of experience :24 years, 5 Months

Head of Finance, Procurement & Property at Confidential
  • Bahrain - Manama
  • My current job since August 2018

Public transportation

Group Financial Controller at Almana Group
  • Qatar - Doha
  • December 2017 to August 2018

Head of finance.
Conglomerate of automotive (Ford, Jeep, Dodge, Chrysler and Peugeot), Hertz Rent a Car, property and real estate, manufacturing, oil and gas trading, construction and contracting, travel and money exchange and FMCG (Bottling and trading)

Finance Director at Drake & Skull International Qatar LLC
  • Qatar - Doha
  • November 2016 to December 2017

DSI is a reputable leader in MEP contracting with a history spanning decades of success & growth, publicly listed on Dubai stock exchange.

Key Accountabilities & Achievements

Streamline the financial operations by devising a lean department structure & effective delegation of responsibilities

Deliver key strategic presentations to the Board of Directors regarding business restructuring & financial forecast

Provide strategic support to the MD on restructuring the organization by reducing the fixed overheads

Develop strong relationship at CXO levels of the external agencies i.e., bankers, auditors, professional consultants, key customers & suppliers, insurance companies etc.

Develop strong inter-bank relationships to drop the pricing on facilities as well as negotiated successful restructuring of debts & outstanding project facilties

Improvised on existing ERP control processes, thereby reducing the approval matrix & decision making time from 11 levels to 6 levels on an average.

Finance Director at Smeet W.L.L. (Smeet Ready Mix, Smeet Precast, Smeet Blocks, Smeet Reinforcement)
  • Qatar - Doha
  • December 2013 to November 2016

SMEET WLL is a semi government entity which is a leading manufacturer of quality construction building materials (ready mix, precast, block/pavers/kerbs, steel reinforcement etc.) in Qatar

Key Accountabilities
Mainline responsibility for leading the Finance and IT functions
Lead, manage and drive productivity of a large team towards achieving the budgeted goals; Delivering key strategic presentations to the Board of Directors and maximising shareholder value
Provide strategic decision support to the Management and Business Heads
Develop strong relationship with external agencies i.e., Bankers, Auditors, Professional Consultants, Key Customers and Suppliers, Insurance Companies etc.
MIS / Performance Review - Prepare Strategic Business Plans, Profit and Loss Analysis, Treasury management, Conduct discussions with Business Heads on KPIs, Perform Actuals Vs Budgets Analysis, Track Expense Controls etc.
Accounting / Financials - Oversee Preparation and Audit as per defined Budgeting Standards

Significant Attainments

Successfully negotiated with Banks and obtained credit lines worth US $ 200 Mn
Implemented stringent cost control measures to bring ready mix division into profitability
Restructured the finance department - Designed and developed the financial policies and procedures
Set up adequate standards within the organization; recognized by being made as the Chairman of the Policies & Procedures committee of the Group

Group Financial Controller at Ahmed Mansoor Al A''ali Company BSC (c) - (AMA group)
  • Bahrain - Manama
  • March 2011 to December 2013

AMA is a leading large family run and a well diversified business involved in construction, contracting, manufacturing and trading (automotive and fashion/retail) sectors in Bahrain, Qatar & UAE

Key Accountabilities
Primary responsibility for managing and consolidating the financial and accounting functioning of 4 sectors and 17 business units spread across Bahrain, UAE & Qatar
Develop strong relationship at CEO/CFO levels of the external agencies i.e., Bankers, Auditors, Professional Consultants, Key Customers and Suppliers, Insurance Companies etc.
Review & Analysis of MIS; Performing Variance Analysis
Feasibility study for investments, acquisitions and divestment

Significant Attainments
Successfully steered the financial restructuring of the organization by liaising with banks and restructuring of facilities worth $ US 180 Million with reduced rates
Turned around the organization and brought it back into black for 2 consecutive years
Played an instrumental role in conducting evaluations on non‐core business sectors and running feasibility evaluations
Introduced preparation of group MIS consolidation and management reporting

Finance & HR Manager at Greenpacket Networks
  • Bahrain
  • March 2007 to September 2009

Packet One / Greenpacket is a leading WiMAX and Telco backend service provider in Malaysia and MENA region and is a public listed company on Malaysian Bursa

Key Accountabilities
Primary responsibility for heading the F&A and HR functions for the MENA region
Preparing financial models and evaluations for the start‐up operations in the region
Assessing existing systems & procedures; Designing internal controls / quality audit checks for various operational areas for achieving higher operational efficiency, resource rationalization and cost reduction

Significant Attainments
Awarded the Employee of the Year and Winner of the Pat on the Shoulder Award
Played a key role in setting up the organization by effectively managing it’start‐up legal and financial requirements under the Bahraini Commercial Laws
Reduced overheads by 47% over 2 years through stringent cost control measures
Initiated vendor partnerships and assisted in the sales & corporate strategy in line with corporate marketing events
Brought in the 1st WiMAX consultancy deal from India and undertook projects & assignments in India, UAE, Saudi Arabia & Malaysia

Finance & Administration Manager at Circletel Consultancies
  • United Kingdom
  • December 2005 to March 2007

WiMAX, P2P, Telecommunications, Back end infrastructure, IT Network, Wholesale minutes
Start up management
Project based in UK, Portugal, Bahrain & KSA

Accounting Manager and Audit Supervisor at Horwath Public Accountants & Management Consultants
  • Bahrain - Manama
  • July 2004 to September 2005

Industries covered: manufacturing, trading, heavy equipment and industrial equipment, construction, automotive, hospitality, engineering and start ups

Assistant Finance Manager at Bahrain Exhibition & Convention Bureau
  • Bahrain
  • April 2002 to July 2004

Exhibitions, events, trade shows, equipment and facility maintenance.
Day to day accounting tasks
Fund acquisition from Ministry of Finance
Presentation to shareholders
www.beca.bh

Audit Supervisor at Ernst & Young
  • Bahrain - Manama
  • May 2001 to April 2002

Industries covered: Engineering services, industrial air conditioning, hospitality / restaurants, construction

Auditor at C&S Chartered Accountants & Tax Consultants
  • India
  • May 1998 to May 2001

Audit of multiple companies within the service, manufacturing and foreign exchange industries.

Education

Master's degree, Finance, MBA
  • at IE Business School
  • December 2010

Member of Beta Gamma Sigma international honors society, stood in the top 15% of the class of 2010, recipient of the Dean's letter of appreciation & elected class representative

Master's degree, Islamic Accounting & Finance, CIPA
  • at Accounting and Auditing Organization for Islamic Financial Institutions
  • May 2008

Certified Islamic Professional Accountant (for Sharia'a driven financial instruments)

Master's degree, Chartered Accountant (CA)
  • at Institute of Chartered Accountants of India
  • November 2005

Chartered Accountant

Bachelor's degree, Accounting, Finance, Economics, Marketing, B.Com
  • at Jai Hind College
  • March 2001

First Class

Specialties & Skills

Accounting
Corporate Finance
Treasury Functions
Business Strategy
Peachtree
MS Excel
MCS Oracle
ERP Evaluation
Negotiation
Valuation
Feasibility
Budgeting & Forecasting
Accounting
Presentation
Consolidation
Keynote
MS PowerPoint
Quickbooks
MS Word

Languages

English
Expert
Hindi
Expert
Gujarati
Expert
Spanish
Beginner

Memberships

Institute of Chartered Accountants of India
  • Associate Member
  • November 2005
Beta Gamma Sigma International Honors Society
  • Member
  • December 2010

Training and Certifications

GMCS (Certificate)
Date Attended:
June 2005
Valid Until:
June 2005

Hobbies

  • Swimming, Painting, Travelling, Motorbiking