Group CFO
Emirates Calcium Carbonate
مجموع سنوات الخبرة :38 years, 4 أشهر
In charge of financial affairs of the group of companies. Layout and delineate the finance policy of the group. Supervision of financial and accounting works and handle banks works and obtain bank facilities to meet the business expansion, working capital, and joint venture investments.
Setup cost control system of production and products pricing according to the market situations. Supervise the preparation of the financial report, operational and financial budgets and also, capital budgeting. Monitor cash inflows and outflows.
Head of finance and accounts division
I was in charge of financial affairs as CFO, delineated the finance policy of the group, set up internal control business related to the company's functions. I laid out the cost and cash controls management system. I dealt with the Price Waterhouse in auditing our group for five years. Also, I have been managing and arranging project financing to cater to the working capital of projects.
Highlights:
• Administered overall control and responsibility for all financial aspects of the organization’s strategy, analyzed facts and figures and offered recommendations forming basis of decisions on business opportunities with most profitable outcomes.
Key Responsibilities:
• Provided financial leadership and direction for improving the current and future fiscal performance of the company by working closely with Operations & Development in the group operation.
• Ensured timely and effective execution of financial and management reporting of the year end results and conformed adherence to all regulatory/legal policies, company adopted procedures and guidelines.
• Offered strategic recommendations to the owners for effective controls to further improve effectiveness of business processes and other financial control functions.
• Instrumental in maintaining a positive cash flow by planning, organizing, coordinated and controlled all financial operations in sync with company policies and procedures.
• Identified various resources to raise funds and negotiated effectively with key stake holders like bankers, creditors/suppliers, designed contracts and devised a strategy that is in the best financial interest of the organization.
• Closely monitored financial growth/stability/group performance in line with the set targets, budgets and identified potential financial risk/variances, reporting the same to senior management, and creating back-up plans to avoid any fall-outs.
• Performed feasibility studies for strategic decision making and formulated financial objectives and governance strategies, budgeting, negotiating and forecasting, to enhance the operational efficiency of the organization.
• Computed an array of financial statements, reports, reconciled bank and cash flow statements, issued trial balance in addition to periodic reporting to management regarding the financial statues of the organization.
• Prepared financial statements, drew up financial reports reconciled and maintained balance sheet accounts, facilitated in tax computations and researched any tax saving opportunities by analyzing local tax laws.
• Generated various MIS reports, computed key financial indicative ratios for strategic analysis and interpretation by top management on regular basis.
• Instrumental in preparation of budgets and projecting forecasts analyzed revenue and expenditure trends and proposed requisite methods expenditure control.
• Managed day to day accounting functions, designed annual budget guidelines to optimize cash flows and managed long/short term working capital requirements.
• Advised management on finance related issues, drafted periodic analytical statements, financial statements and summary reports for top management review.
➢ Last Job Audit Manager under 25 employees for DAR AL NUZUM Audit Firm. It is located in Dubai and was established since 1994. Total clients handled by the company are over 150. there are three audit managers, five seniors, ten assistant senior and seven juniors,
This position is responsible for directing, planning, organizing and controlling the audit works pertinent to clients. Also I am in charge of internal audit division as well as financial consultancy. The area responsibility as follows:
☒ new accounts
☒ external audit business
☒ internal audit business - business risk analysis include operational, management and financial systems
☒ financial and management consultancy- financial policy system and procedures, ERP system, business analysis
☒ feasibility study
☒ private equity project
☒ business valuation
Last Job: Group internal audit manager under 500 employees For SALAH BIN LSHEJ Group of companies are specialized in main construction, real estate, hospitality division, crusher, Cement products, aluminum factory, print master.
This position is responsible for directing, planning, organizing, and controlling of internal audit work and make recommendation to see that satisfactory internal control (financial, operational and administrative) techniques & systems are in effect through out all company's operations.
Beside that I was responsible for system software design related to all activities and preparing budget plan for the whole group in term of the following
➢ Review on production plan
➢ Verify sales plan
➢ Verify purchase plan
➢ Review direct and indirect operating expenses
➢ Preparing cash budget, income budget and balance sheet budget
➢ Project financing
➢ Reviewing contract agreement and quantifying the project risk
➢ Supervise the customer's credit risk
➢ Making business plan
Previous Job
Key Designations Held:
• Dec 1995- Jan 2006 Finance Manager for Corodex & Concord Group of Companies
• Dec 1996 - Jan 2006 Special Assignments as Finance Advisor for Calcium Carbonate Factories
Key Responsibilities:
• Maintained financial systems & processes, taking process improvement initiatives ensuring accuracy, speed, efficiency and proper cut off for month-end and year-end close.
• Summarized numerical and financial data to prepare annual budgets and analyze variances on budgets and actual expenditures.
• Completed period-end closing procedures and reports for management projecting historical information and fiscal projections.
• Applied principles of accounting to monitor and analyze financial information, and classified, coded, and summarized numerical & financial data to compile and keep financial records.
• Reconciled bank account balances to ensure the balances are correct and supported with adequate documentation. Processed payroll ensuring timely recording and payment.
• Supported the external audit and annual review process by preparing various schedules necessary to complete year-end audit.
• Prepared a variety of financial statements/summaries, and established appropriate accounting procedures.
• Financial Analyst- National portfolio securities - Amman Financial Market - from May 1994 till November 1995 Jordan.
My task was the following:
Managing shares and bonds investment
Preparing analytical report on performance of all firms listed in Amman financial market for company’s client
Using technical analysis tools for short term investment
Evaluation of feasibility studies for long term investment
Accountant: MOHAMMED AL BAHAR Caterpillar- Kuwait from 1987 till December 1991
My task was the following
➢ Foreign operation in charge. It was related to foreign transactions (buying and selling goods) for all branches and applying hedging foreign currency exposure through forward contract with bank.
➢ Handling L/Cs
➢ Preparing financial report and submitting to chief accountants
➢ Reviewing operating statement budget generated by computer system and analyze the variances
• Accountant: John Al Kuwait International contracting company (1984- 1986)
☒ Present Job: Administrative and Finance Manager under 637 employees for Evan Lim Penta Construction Co LLC. It is located in UAE- Dubai. Singaporean main contractor company. The head quarter located in Singapore. This post is responsible for administration and finance work. The area responsibilities
☒ Planning, Directing, Organizing, Supervising, and Controlling finance department.
☒ Supervising cost control system which is management cost and control system.
☒ Supervising the implementation of ERP system of Micro soft business dynamic system which is specifically designed for construction business.
☒ Setup new internal control procedures of business process system.
☒ Setup financial procedures controls
☒ Supervising other management departments such as public relation, payroll, transport and purchase.
☒ Communicate and coordinate with engineering department which includes estimation, planning, contract and procurement and projects so as to apply best cost control system of projects.
☒ Providing financial information for reports to managers and to shareholders and overseeing overall operation of accounting system.
☒ Financial making decisions related to capital expenditure and evaluate the alternatives.
Master degree of finance, Accounting & Banking science from Arab Academic for financial science and banking studies at 1994- Jordan B.A Economic - Poona University India1984