عمار ملحم

In charge of Several Departments such as Supply Chain & planning, Legal Department and insurance
Handling the company Investments, expansions & International branches.
in charge of private investments in local &international shares, real estate & securities
Maintaining the group bank facilities & bank relation ship

Leading the Audit department of strategic planning, risk management across the Group.

The auditing department objective in NAFFCO is primarily focusing on design and operating efficiency of controls related to operational risk, enterprise risk management, stress testing methodologies & cost saving.


In my capacity as the group audit director I report to the CEO, my responsibilities entail, but not limited to, review regulatory requirements, assess, confirm compliance gaps and over all directing, leading and orchestrating the audit, administration, human resource & legal department operations and performance.

As well, I am in charge of maintaining relationships with the banks to facilitate banking services extended to the Group, responsible for collections performance of the group and handling group insurance policies renewals updating & management.

Executive Team Member - Leading strategic business planning, executing programs of all phases of the business life cycle (startup, expansion, contraction, turn around, engineering) all the way through clear goals and objectives.

Various operational experience extending to Finance and Accounting department, such as preparing all reporting of company accounts/reports, identifying and managing risk and opportunities, maintenance and update of financial models and directing all supplier and client invoicing processes.

Analyze company's financial position in respect of profits, costs, trends and compliance with budget re-forecasting benchmarks.

Manage working capital, cash flow requirements of the entire business and all capital expenditures.
Recommend and guide financial projections and manage the budget process.

Manage financial operations planning and company's relationships with financial institutions and government agencies

Assessing the company’s business position, equipping organization with tools for a turnaround and growth, and developing benchmarks to measure performance.

Assist the CEO in various activities with the financial community of the company.

Develop forecasts and “what if” scenarios.

Oversee day to day accounting processes and responsible to control the standards to ensure timely financial and statistical reports for the management.

Highlights:
Profit improvement: Delivery of solid, verifiable profit increases on behalf of all employers.
Cost controls: Capturing significant savings through process improvements and cost control
Integration of Technology: Integrated Oracle Financials (ERP) family of applications to automate and streamline the organizations financial business processes, and daily business intelligence that lets me and my management to make more informed decisions and I succeeded to gain:
Visibility: Improve the transparency of business, financial, and compliance performance.
Control: Strengthen financial discipline and to governance best practices.
Efficiency: Improve business processes, sustain compliance, and reduce costs.

Financial Controller of the group overall responsibilities of financial and accounting Functions of AED 200 millions for a group of eight companies main activates in Trading (FMG), Ship chandlers, Cold Stores, Contracting, Crusher, Catering, Real Estate and Fish processing.
Scope of responsibility is broad and includes accounting, financial analysis, reporting, corporate treasury and cash management, and corporate banking, budgeting and credit management.
Hold additional responsibility for human resource functions, policy and procedure development and purchasing management information systems.

Developed a top performing staff that includes MIS Manager, Accountants and Account Manager, Administration Staff. Oversee activities of the accounting department and supervise payroll for over 500 employees, general liability coverage report directly to the CEO and Board of Directors and participate in strategic planning.

• Demonstrated effectiveness in managing finance, human resource and technology functions.
• Spearheaded implementation of technology that improved tracking, reducing operating expenses 4% in first four month ensuring compliance with the group financial policies.
• Strategically restructured financial reporting processes in accordance with organizational changes.
• Designed service development plans and conducted operational assessments.
• Ensuring compliance with Corporate Laws, updating & filing of records.

Directed financial management functions of AED 1000 Million of four Companies (Almajid Real Estate, Almaarifa Electro Mechanical and BLDG Maintenance, Taj Palace Hotel a 5 star Hotel and the Project Division) including development of monthly/quarterly financial statements, financial forecasts, and budgets. Oversee general accounting functions, including AR/AP and cash management and credit facilities over AED 1500 Million.
Administer all financial management systems, evaluating and integrating new applications. Develop highly skilled accounting and financial management team to achieve established objectives. Interact with the Board of Directors and President concerning financial forecasts and reports.
• Served as key leader in effectively managing.
• Preparation of Balance Sheet, Cash flow & Profit & Loss Accounts.
• Financial Analysis Management Reporting.
• Implementation & development of Group Accounting Policies, Procedures & Systems, in line
with International Accounting &financial reporting Standards.
• Funds & Working Capital Management.
• Projects Planning & Costing.
• Follow up daily office administrative operations.
• Fixed assets management, ensuring proper custody of the assets of the Company & providing
adequate Insurance coverage.
• Compilation of quarterly & monthly Forecasts & Annual Budgets with Trend Analysis & Variance
Reports.
• Leading the Accounting Team & ensuring that proper bookkeeping is done.

Chief accountant of an Air-conditioning manufacturing industry with a turn over $ 100 Million. key responsibilities closing and preparing monthly financial statements and performed monthly account reconciliation and monitored general ledger transactions. Worked in collaboration with the controller to ensure accuracy and integrity of financial information in support of overall business objectives.
• Preparation of Balance Sheet, Cash flow & Profit/Loss Accounts
• Financial Analysis Management Reporting
• Payroll management
• Implementation & development of Group Accounting & Internal Auditing Policies, Procedures & Systems, in line with International Standards. Funds & Working Capital Management.
• Payable & Receivables Follow Ups
• Project Planning & Costing.
• Fixed assets management, ensuring proper custody of the assets of the Company & providing adequate Insurance coverage
• Compilation of quarterly& monthly Forecasts & Annual Budgets with Trend Analysis & Variance Reports
• Implementation of Accounting MIS.
• Ensuring compliance with Corporate Laws, updating & filing of records.
• Implementation of accounting record in accordance to tax low and sales tax requirements.
• Bank facilities, L/Cs, guarantee management & follow ups.
• Leading the Accounting Team & ensuring that proper bookkeeping is done.

Key Achievements:
 Setup of standard costing system & inventory system
 Increased productivity levels by providing key contributions toward automation of account reconciliation processes.

Carried out general ledger functions, including account analysis and reconciliation, and AR/AP. Prepared financial statements

• Preparation of Balance Sheet, Cash flow & Profit/Loss Accounts
• Handled financial analysis and reporting of corporate finances.
• Payroll management.
• Bank facilities, L/Cs, guarantees management & follow-ups.
• Implementation & development of Accounting Policies, Procedures & Systems, in line with International Standards. Funds & Working Capital Management.
• Payable & Receivables Follow Ups.
• Fixed assets management, ensuring proper custody of the assets of the Company & Providing adequate Insurance coverage.
• Preparation of feasibility studies.
• Implementation of accounting record in accordance to tax low and sales tax requirements.

Key Achievement:
 Consistently met deadlines while demonstrating strong analytical and problem-solving skills to achieve corporate objectives.