George Butros

Ras Al Khaimah Government Department of Finance (DOF) is in charge of managing financial operaƟons across 40+ government enƟƟes in the Emirate of Ras Al Khaimah. ReporƟng to the Director General of DOF, led and coached a team of 10+ financial controllers across 26 enƟƟes with core responsibility funcƟons highlighted below:

• Managing financial planning of lead revenue & central service enƟƟes including Department of Economic Development (DED), Human Resources Department (HRD), The ExecuƟve Council, Ofice of Strategic Studies and Protocol Department
• ConducƟng financial analysis, forecasts and reports to senior management, idenƟfying trends, risks, and opportuniƟes to facilitate informed decision-making. IdenƟfied as well cost reducƟon iniƟaƟves in coordinaƟon with procurement department with proven track records
• Monitoring budgetary variances and financial processes, implemenƟng correcƟve acƟons to maintain fiscal discipline
• Overseeing procurement processes and contract execuƟon within government organizaƟons
• Overseeing internal controls & development of compliance frameworks, ensuring adherence to government policies and regulatory requirements, including VAT compliance and knowledge transfer
• Leading day-to-day financial operaƟons across enƟƟes, including credit and collecƟon, payroll administraƟon, and cash management as well as financial planning and budgeƟng
• DirecƟng the collecƟon, analysis, and consolidaƟon of financial data, delivering precise financial reports to stakeholders
• Managing strategic relaƟonships with external auditors, banks, and financial partners, contribuƟng to departmental success
• AcƟng as a financial advisor to the management team, providing strategic recommendaƟons
• Managing working groups across select government entities to apply study outputs and achieve desired delivery result
• Developing and execuƟng financial strategies aligned with business objecƟves and regulatory compliance
Projects:
• Part of the group that managed: o Financial law o Unified chart of accounts o Treasury single accounts (TSA) o A member of the quality assurance for other groups o Procurement expenditure management between Govt & State-owned enterprises o BPC implementation
• Part of the Department of Finance Governance committee as well as Budget Committees both on Government and entity level
• Part of the hiring committee, managed interviews and assessments pertaining to the accounts team

• Led a team of 10+ financial controllers overseeing financial operations for 26 government
entities.
• Directed annual budgeting and forecasting processes, delivering data-driven insights to support
strategic decision-making for senior management.
• Developed and enforced robust internal control frameworks and compliance strategies,
ensuring adherence to government policies and regulatory standards.
• Managed cash flow, liquidity, and working capital optimization across multiple entities.
• Mitigated financial and operational risks by implementing comprehensive risk management
strategies.
• Served as the primary financial advisor to entity management teams, providing strategic
recommendations.
• Optimized financial processes and led cost-reduction initiatives, improving efficiency across
government operations.
• Oversaw the implementation and optimization of SAP ERP system for accurate financial
reporting.
• Key Projects: Core team member for government-wide initiatives including Financial Law,
Unified Accounts, and procurement expenditure
management.

Mandated to unify procedures between DOF and state-owned enterprises, this included advising and overseeing the implementation of projects across government such as:

• SAP Implementation (FICO, MM, FM, Workflows, Authorization matrix, Success Factors etc.)
• VAT Implementation
• Gap analysis for accrual base accounting across the government with external consultants to comply with the needs of Conversion from cash to accrual base accounting

• Led the unification of financial procedures between the Department of Finance and state-owned
• Project managed the end-to-end implementation of SAP modules (FICO, MM, FM, Workflows,
Success Factors).
• Directed the VAT implementation strategy across government entities.
• Conducted gap analysis for the transition from cash to accrual-based accounting.

Al Ahmadiah Aktor is one of the leading construcƟon companies in UAE with 4000+ employees with projects valued at AED 1.5 billion+, scope covered:

• Seƫng up and strengthening the finance and accounts department and managed rolling out ERP systems including stock control systems. Managed 22 staf members
• ContribuƟng to the design and implementaƟon of reporƟng packs per IFRS, budgetary and cash flow control systems and procedures
• Developing project cost control systems as well as systems for plant machinery and vehicles, for fabricaƟon yard and for workshop
• Resolving the significant working capital requirements by receiving addiƟonal contract advance payment from client by increasing the limits of banking credits and facilitaƟons and advising with schedule for best Ɵme partners need to inject their cash shares. This was achieved by presenƟng to client, bankers and partners comprehensive and convincing reports and proposals
• Minimizing the good performance risks by securing leƩers of guarantees from large suppliers and sub contractors equivalent to the guarantees given to the client and by releasing funds aŌer the verificaƟon that clients requirements per contract are saƟsfied regarding delivery Ɵme, quality of materials and works or funcƟonal standards at the commissioning stage
• ContribuƟng to cost savings by establishing relevant procedures, policies and proposals and the substanƟaƟon of claims rose against the client for extension of Ɵme cost or other reasons

• Setting up and strengthening the finance and accounts department and managed rolling out ERP
systems including stock control systems. Managed 22 staff members
• Contributing to the design and implementation of reporting packs per IFRS, budgetary and cash
flow control systems and procedures
• Secured additional working capital by negotiating advanced payments from clients and
increasing banking facilities, presenting comprehensive financial proposals.
• Developed project cost control systems, resulting in significant cost savings.

Planet travel tours and cargo was founded in the year 1989, Over the past two decades Planet has evolved from a single successful company to a group of 11 well performing enƟƟes ranging across Hospitality, Tourism, AviaƟon, Hotels, Entertainment & Leisure, F&B, Freight Forwarding, LogisƟcs, Automobile Road Assistance, Real Estate, ExhibiƟons and Trading with a number of employees exceeding 400.

• Preparing and submiƫng reports to upper management regarding financial statements, projecƟons and variaƟon analysis and proposals
• RepresenƟng the company in various meeƟngs and negoƟaƟons with the suppliers & managed bookkeeping

• Prepared financial statements, variance analysis reports, and projections for senior
management.
• Managed full-cycle bookkeeping and negotiated with suppliers.

A leading ConstrucƟon Company with operaƟons throughout the UAE; Dubai, Abu Dhabi and Al Ain where it executed major project including highways with over 3000+ employees.
• Preparing management reports, posƟng vouchers, payroll process sheets and monitoring stock (Abu Dhabi)
• Leading a team of 4 accountants with core responsibility of monitoring budget and cash flow, banks follow up, project appraisal and budgeƟng, preparing management reports, operaƟons cost and cost allocaƟon reports

• Progressed from Accountant to Senior Accountant, leading a team of 4.
• Managed budget monitoring, cash flow, bank relations, and cost allocation reporting.