Director Finance (CFO)
Infinity Holding
مجموع سنوات الخبرة :24 years, 2 أشهر
I am managing the financial department of a group having multi-business operations with an annual turnover of AED 200 Million. The responsibilities include carrying out financial analysis of the companies, conducting risk assessment of potential partners and mitigate the risk, special review assignments, carrying out monitoring and evaluation of the activities and measuring the results, assessing the controls of the business operations and recommending changes, finalizing financial & program reports, and conducting capacity building projects for stakeholders.
The Financial Reports are prepared in accordance with Local GAAP and IFRS and reports to Chairman. I have an important role in Contract Drafting & Negotiation. Part of Contract & RFP (bidding process) review team. I commanded the process of Customised ERP implementation for different companies includes Health Care, Govt. Transaction tracking, Businessman & PRO Services and other Services businesses.
KEY ACHIEVEMENTS
• Prepared & implemented Group’s Financial Control Manual (FCM) of Infinity Holding, UAE.
• Developed strategic parameters to assess the performance of Infinity Holding, UAE.
• Designed & implemented Procurement procedure of Infinity Holding, UAE.
• Prepared Annual Operational Budget for Infinity Holding, UAE.
• Carried out system and Process Assurance on more than 20 contracts.
• Researched and analysed financial information relating to specific business areas.
• Slashed payroll/benefits administration costs 30% by negotiating pricing and fees while ensuring the continuation and enhancements of services.
• Started Healthcare company Accounts from scratch with AED 6M revenues in 2012 to more than AED 36M revenues in 2015 and with continuous progress. (Over 300 employees) - Infinity Homecare.
I had carried out Construction; Security & Logistics operations business accounting to manage different multimillion Security & Construction contracts, rectified business process issues in the execution and operations at different contracts. Train Site Security Managers (SITE Security Managers) for financial expenditure reporting at war sites. Carried out Financial Management on Construction of ASIA Village (Living Compound, having Hotel and offices). I took a major part in a development of Standard Operating Procedures (SOPs) for contracts execution. I had designed business planning and budgeting systems and automated this whole process for Construction & Operations.
KEY ACHIEVEMENTS
• Assessed system and business risks of more than 40 Contracts of Security Services & Construction.
• Part of Preparation & implementation of Financial Control Manual (FCM).
• Drafted Standard Inventory & Depreciation Procedure of weapons and ammunition for Security business.
• Managed Accounts with $35M revenues in 2010 to more than $50M revenues in 2011 (Over 1, 500 employees)
• Managed, structure and processes Financials of 30 federal / commercial security contracts, as well as construction and logistics contracts with profitability.
• Pursued & certified on all audits administered by the Defence Contract Management Agency (DCMA) and won all option years associated with the U.S. Government contracts.
• Managed a U.S. Air Force logistics operation (Mi-17 helicopter parts) from minuscule revenue to $2.5M in monthly invoicing.
• Accounted the construction of a secure 80-acre life support complex in Kandahar, Afghanistan (birthplace of the Taliban and majority thinking was, “it can’t be done”); Accommodates over 400 civilian contractors supporting USAID, Non-Government Organizations, and the ISAF (International Security Assistance Force).
I carried out System and Process Assurance assignments to identify weaknesses in the system design and operations at different clients. It also includes testing the controls both manual and automated (i.e. Information Technology General Controls and Application controls). I carried out business process re-engineering and business restructuring assignments and developed new Standard Operating Procedures (SOPs) for many clients. These SOPs addressed all the areas of operations including Procurement, Production, Finance, Human Resource, Administration, Marketing and Sales. I designed business planning and budgeting systems and automated this whole process for manufacturing and services sector.
KEY ACHIEVEMENTS
• Designed business planning and budgeting system of different client assignments.
• Designed system and business risks of more than 40 clients in banking, insurance & manufacturing sector
• Carried out the system and Process Assurance assignments on more than 20 clients.
• Researched and analysed financial information relating to specific companies. The information was also tailored for Investment Committees.
• Worked with different individual clients to improve the strategic financial planning of the company financial & budgeting processes.
•Controlled and prepared financial statements on monthly basis.
•Designed and developed internal control in financial system.
•Prepared monthly payroll and disbursements thereof.
•Primed cash budget, projections and variance report on monthly basis.
•Prepared and reviewed accounts payable/sundry creditors on monthly basis.
•Prepared and reviewed accounts receivable/sundry debtors on monthly basis.
•Controlled and maintained inventories.
•Maintained fixed assets register.
Professional Qualification CPA
MBA in Finance
Master of Commerce
Oracle Professional Programme Examined by Trade Testing Board Govt of Pakistan and managed by Skill Development Council, Govt of Pakistan
Bachelor of Commerce with Second Division
