Sr. Manager
KPMG - Qatar
Total years of experience :19 years, 4 Months
I am working with Kpmg and they have seconded me to the Largest health sector company in Qatar as head of Budgeting.
I have a team of 5 employees and we are responsible of budget preparation, monitoring and control.
Managing financial planning (budgets and forecasts) of the group (Doha, Dubai, Asia Pacific region. Analysis of variance between Budget vs actuals.
Managing group cash flow and identity areas of surplus and shortfall of cash.
Management of call deposits, short and long term deposits.
Managing group loan portfolio of more than QAR 2 Billion.
Negotiated banks for getting funding and non-funding facilities at competitive borrowing rates and make comparative analysis to get best deal out of available options.
Managing tender, performance, Advance payment, shareholders and other finance guarantees and Letter of credit with both clients and vendors.
Helping financial accounting team in finalization of financial so the company.
Managing business relationship with more than 6 banks and manage online banking.
Negotiating bank for better services for efficiency, rates and facilities.
Evaluation of new projects, investments and calculate IRR, NPV, payback period and multiples scenarios.
Preparation and review of Management reports.
Development of user friendly spreadsheets for day to day work like loans, cash management, BRS duly linked with accounting systems through ODBC to improve efficiency and accuracy etc.
Managing consolidation of subsidiaries, JV’s on monthly basis, comparing actual vs budget, other MIS as required by Management.
Helped in preparing Policies & procedures, Delegation of Authority matrix etc.
Liaison with external and internal auditors, lawyers etc.
Ernst & Young, Bahrain Feb 2008 to Current
Senior Consultant in Transaction Advisory Service
Responsibility:
Work Profile:
Review and development of complex Financial Model in compliance with IFRS.
Valuation
Due Diligence
Management reporting’s.
Review and advice on accounting and financial process.
Prepared and reviewed financial model for the following clients:
Financial Model and Feasibility studies on real estate for one of the government owned leading bank in Bahrain
Financial Model for Investment appraisal for one of the Government owned Gas company in Bahrain
Took part in PPM preparation for one of the leading investment house of Kuwait.
Valuation for some of the leading investment house.
Review of valuation for verifying impairment of Assets.
Bahrain Bay - Real estate developers. ( It is SPV of Arcapita Bank having projects worth USD 1 Billion. I am Half day assigned here to look after accounts, and financial activities)
Apart from above doing various other assignments delegated by my manager.
It involves planning, designing and implementation of statutory audits, preparation of management reports and accounting of various companies. During my tenure as a audit supervisor, I had been engaged in audit and accounting of following companies.
• Currently on secondment at Riffa Views as finance officer (Real-estate development company having project value of $750 Millions in Bahrain supported by Arcapita bank)
• Mercury Middle East WLL
( Electro Mechanical contractor)
• Lulu Tourism WLL
(Development of Lulu islands and construction of Hotels, villas & chalet)
• Al Marsa Real Estate WLL
\{Development of Island and construction of Chalets.\}
• American Mission Hospital Society
• IDB Infrastructure Fund Policy Management Company (Bahrain)
Responsibility for preparation of daily cash flow and analyse the shortage and excess of funds as on different dates, transfer of funds from one banks to another under the same group.
Developing and preparation of Mis reports as required by the management and comment on them.
Preparation of monthly financial statement.
Preparation of monthly overhead analysis.
Analysis of various projects undertaken by the company especially in respect of profitability.
Review of financial statements of other group companies.
Authorize all the receipts and payments of the company.
Preparation of budgets, forecast and variance analysis.
Discuss and suggest steps to smoothen the business processes in the weekly meetings.
Finalise the salary and payroll of the employees and the workers.
Suggesting and modeling and modifying reports in the ERP.
Chartered Financial Institute from USA