ELIE YAACOUB

Leading 7-member technical team offering services such as Investment Advisory, CFO part-time Program, Investment management, M&A, Restructuring, Banking relations and Business development and coordinated with a diversified clientele from Family private offices, conglomerates to Mid-caps and SMEs.

Achievements
 Delivered 9 M&A projects, 25 Feasibility study, 7 part-time CFO Projects, 2 Restructuring, Business plans, Board presentations.
 Increased turnover of 30% in 1 year, by diversifying account portfolio.
 Remodelled the valuation program including templates, legal and commercial approach and introduced M&A services and Sustainable Finance to the revenue stream.
 Transitioned company to global reach by setting an international business development counter in Spain and secured 13 new clients

Managed 8-member cross-functional accounting and financial team of the affiliated entities for JEC coordinated with 7 companies General Managers with multi-segment exposure (BIM Technology, Civil, MEP, Infrastructure, Coating, Concrete filling, Acoustic systems, Design Modelling, Hotels) generating above QAR 200 M Annual turnover.

Achievements

 Successfully merged 3 companies with different partnership structure leading to reduce monthly cost by QAR 850K.
 Lead market exit of one ‘zombie’ company and reduced the group’s leverage, raising profitability margin by 1.18%.
 Established a centralized Accounting, HR and administrative team resulting a monthly saving of QAR 670K.
 Renegotiated agreements with multiple suppliers resulting an annual cost deduction of QAR 1.6M and extending payment terms.
 Halted revenue leakage and recovered QAR 5.2M in unbilled claims.
 Leading communication with 7 Banks in Qatar to reschedule 50% of Debts during stress economic periods (COVID 19) by lowering the Interest cost by 35% and improving the current ratio by 26%.
 Upgrading the capital structure by lowering the financial leverage for 15% by introducing new financial instruments.
 Integrated companies in one ERP(SAPB1), aligning with group strategy.
 Rolled over departments’ budgets and introduced succession planning.

Benta Pharma Industries Group (BPI) - Lebanon| UAE| Kuwait| France| Egypt| Iraq| Liberia| Nigeria
Headed 14-member from finance and accounting functions of a fully integrated and diversified group from Manufacturing, Licencing, Patenting, Pharmaceutical, Medical Equipment & Devices, Orthopaedics, Dialysis and Cardiology centre along with Hospital Management and coordinated with all units’ heads and stakeholders. Multi-geographical presence with an annual turnover of more than USD 300 M.

Achievements
 Implemented internal audit procedures with USD 450k annual saving added to a ‘7-figure amount’ theft detection.
 Implemented new accounting procedures, which reduced processing time on monthly and quarterly basis by 45%.
 Bolstered decision-making capabilities and empowered redirection of 20% of report preparation staff to variance analytics. Designed a Microsoft power BI platform for reporting.
 Improved strategic planning and accountabilities; Uncovered performance issue with a major business to restore year-end margin to budget performance. Architected suite of reports with year to date and monthly; bottom-up forecast of financial data at granular level, originated from business leaders.

AL JABER & MAKHLOUF (PART OF AL JABER HOLDING)
QATAR, LEBANON, KSA

(Multi industry company having many divisions i.e., Manufacturing(Asphalt, Prime Coat, Tack Coat, Crushers), Infrastructure Projects (Highways & Roads), Construction, Trading & Machinery, Heavy transportation (PMV))

 Managing the finance & accounting related to all subdivisions & Countries.
 Leading communication with financial institutions in all aspects (Corporate & Commercial Banking, Private Banking, Investment & treasury, Retail….)
 Monitoring and development of financial statements, Cash flows & financial reports, tax reports, special analyses, and analytical reports like P&L by Business unit (Manufacturing or projects) and budget to effective related reports on a frequent basis.
 Foster strategic alignment and cooperation between stakeholders and the operational and support divisions.
 Managing internal control safeguards, business change management & mapping, corporate purchasing and warehouse functions, assets, loan collateral, financial risk exposure.
 Treasury & Cash management.
 Leading the insurance requirement for the business and the related claims preparations.
 Key contracts negotiator with subcontractors, suppliers (Debtors).
 Liaison with Lawyers with for different variance cases (bad collection, insurance claims, EOT, Certificates issuance, personnel problems…)
 Monitor al off-balance sheet transactions (APGs, PGs, RBs, PGs, LCs, Guarantee cheques, BB) with direct input on the legal aspects.
 Assist the Head of Contract in Extension of time (EOT) and Claims Preparation.
 Ensure accurate & timely reports for financial institutions, external & internal auditors, legal advisors, risk consultants, group corporate governance board, accreditation authorities, government agencies, funding agencies.
 Due Diligence improvement.
 Monitoring the Balance Score card & KPIs consolidated report.
 Structuring, promoting & executing the financing process of the group projects, manufacturing & trading activities.
 Leading Feasibility studies for new investment abroad and for opening new divisions
 Managing the MIS & the overall ERP process.
 Worked with other departments, helping them balance their budget and meet goals.
 Ensure improvement & innovation in automated financial and management information systems for the companies and ascertain compliance with company, group, and holding company requirements.
 Oversee the matrix of authorization process & maintain the highest level of ethical standards in alignment with corporate guidelines and procedures.
 Working capital and equity management in addition to the operational expenditure plan with corporate directors to ensure the best use of cash resources.
 Monitor conventional and non-conventional Projets’ Joint Venture communication & financial presentation
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Developed the financial statement & analytical accounting reports, budget & forecasting reports, annual business plan.
Identified & drove cost-saving initiatives, driving operational & finance process improvement.
Developed financial protocols policies & procedures in parallel with new change management requirements.
Responsible for meeting set targets & objectives for their divisions.
Mentored accountants for purposes of ensuring that their accounting and analysis duties are done well.
Coordinating with the accounts, cost control, planning, financial reporting & Analysis department in developing the modeling & accuracy of the reports in order to ensure a robust financial control & business analysis.
Ensured that there is fiscal responsibility within the firm’s operations
Ensured that the decision-makers in the firm understand the financial implications of the missions they set for their company in a specific period
Nominated learning & development for accounting, cost control, administration & billing departments’ employees, work proper segregation of duties, conduct performance reviews, and manage leave & Overtime to ensure efficiency.
Assisting in coaching for the department/hospital heads on finance-related activity including the financial tools & Information to improve commercial awareness.
Design and implement an overall financial risk plan for the hospital in alignment with the medical & the nursing directorate strategies.
Oversee, and in some areas implement, the plan of risk control actions (e.g. purchase of insurance or other risk financing options, health and safety measures, liaison with regulators, business continuity plans)
Provide timely and accurate reports for external & internal auditors, general consultants, accreditation parties, government agencies.
Conduct feasibility studies for the implementation of new units with the coordination of the medical and technician related team.

Preparation and Validation of financial statement, explaining the necessary notes to clarify reports according to IFRS or US GAAP Norms.
Managing a portfolio of clients including multi-industries such as banking, financial institutions, nonprofit organizations (schools, Universities), contracting, Retailing, FMCG, Automotive, trading, and manufacturing industries.
Prepare audit plans and assess budgets
Conducting fieldwork
Carrying out first stage review or reviewing working papers prepared by junior staff
Supervising junior staff
Acting as a lead auditor for nominated duties
Maintaining knowledge of and good relations with the audited body
Keeping senior management informed of progress