Finance Department Manager (CFO)
Mohammed Bin Zayed University of Artificial Intelligence (MBZUAI)
Total des années d'expérience :14 years, 7 Mois
• Establish the Finance Department of MBZUAI from the ground up. Recruit high skilled staff members.
• Efficiently manage the Finance Department of MBZUAI in accordance with Government Accounting Standards and Finance Government Authority’s Guidelines.
• Effectively report to the board of directors, the minister and Finance Government Authority the financials, budgets and other related financial concerns.
• Initiate the development of ERP system and the integration of it with Finance Government Authority’s ERP system. Manage the development of other systems such as online banking and student registration system (integrated with AR module in ERP system).
• Create long-term & short-term strategies, policies and procedures of Finance by liaising with Finance Government Authority and MBZUAI’s department managers.
• Liaise between MBZUAI and Finance Government Authority any financial and budgetary requirements.
• Ensure effective spending of budget allocated for the year by establishing periodic reports and having open and regular meetings with departments’ managers.
• Create MBZUAI’s 2021 budget in coordination with the departments’ leaders. Ensure the approved budget is submitted on due date to Finance Government Authority.
• Initiate the registration of MBZUAI under Federal Tax Authority and submit monthly tax reports.
• Assist MBZUAI’s management in developing authority matrix, strategies and review of university’s policies.
Achievements
• Established a functional Finance Department within a spam of less than 6 months regardless of the difficulties faced during 2020 Covid 19 lockdown.
• Presented monthly the financials of MBZUAI to the minister and board of directors and tackled any concerns.
• Achieved creation of the 2021 budget of the newly
established university within the timeframe approved.
• Developed strategies, authority matrix, policies and processes of Finance Department and assisted in reviewing
and enhancing them for other departments.
• Completed the testing phase of the ERP system.
• Implemented online banking.
• Was able to manage efficiently the spending of 2020
budget by understanding other department needs. Achieved results required related to budgetary items after discussions with Finance Department Authority.
• Liaised successfully the registration of the university in Federal Tax Authority and preparation and submission of monthly tax reports.
• Received an appreciation letter from MBZUAI’s management and an email from a member of board of directors for successfully handling financial & budgetary matters during Covid 19 and creating a functional Finance Department within less than 6 months.
• Manage financial operations’ team which consists of 5 sections (13 team members). Promoted 5 times.
• Effectively run daily operation of Revenue Management section and ensure smooth services are being provided to internal and external clients.
• Oversee and ensure periodic revenue reporting for the organization.
• Ensure organization’s collectibles are managed and received as per finance policies & procedures.
• Oversee Account Receivables function to ensure accuracy and completeness of revenue booking.
• Efficiently run daily operation of Account Payables & Payroll sections to ensure achievement of stakeholder’s satisfaction & timely payments.
• Review overdue receivables & recommend referral to debt collection agencies and legal action. Review bad debt provision on quarterly basis.
• Oversee Cash Management function & ensure back office reconciliation is performed daily.
• Ensure timely closing of sub ledgers and submission of
reconciled schedules.
• Review, update and create policies & procedures in
accordance to ISO9001:2008 & EFQM standards.
• Manage and redesign processes and develop long term and short-term strategies and KPI’s for the department as part
of the Finance Core Team.
• Assist in budgeting process & prepare manpower budget.
• Manage the business continuity plan for the department
and the risk register of Finance.
Achievements
• Reviewed and revised/streamlined policies and processes of several functions to provide better quality for stakeholders’ and increase productivity.
• Achieved KPI’s and objectives in every section for 2017 by prioritizing tasks and identifying and tackling bottlenecks with short time.
• Completion of successful planning and designing of the new procure to pay process that will increase efficiency to the whole process.
• Achieved the collection target by identifying issues and tackling them, creating new management reports and enhancing & introducing new processes.
• Reviewed, planned and implemented a (digital and physical) document management process to be completed in 2018.
• Assisted in implementation of a successful VAT system.
• Manage the GL and reporting team (3 team members)
• Manage monthly closing and review of accounts of DSOA
and its subsidiaries and communities as per IFRS
• Prepare monthly MIS pack to support management
decision making
• Manage end year audit and property valuation
• Manage and redesign processes and develop long term and
short-term strategies and KPI’s for the department as part
of the Finance Core Team
• Assist in budgeting process and prepare manpower budget
• Manage the finance business continuity plan and the risk register of GL Section
Achievements
• Designed an MIS pack for departments giving better visibility against budget.
• Raised key issues impacting company bottom line for timely decision making by Executive Management Board.
• Reduced the closing cycle from 12 to 5 working days.
• Managed the decrease of reconciling items in the financials
by 85%.
• Ensured successful implementation of the new MSD AX
system as one of MSD super users.
• Assisted the Quality Department in DQA submission and
assessment that resulted to DSOA winning the Dubai Quality Award.
Graduated with Honor