Finance Director
Alyasra food , Kuwait - Erbil - Dubai
Total years of experience :30 years, 3 Months
• Managing the group financial planning, information systems & business support
• Manage a team of 34 people and lead the Finance, budgeting and treasury functions including monitoring and reporting function.
• Work closely with the CEO and deliver Commercial Performance supports.
• Supervise and review (weekly/monthly/quarterly/annual) business performances.
• Presentation of annual accounts with recommendations.
• Review the company’s overall performance and investigation of variances then setting recovery plans.
• Ensure that high quality, accurate financial data is provided to both internal and external stakholders on a timely basis.
• Ensure smooth running of the office reporting systems and processes.
• Review the company’s Cash management/cash forecast
• Managing the annual financial audit process,
• Driving the annual budget process; co-ordinating contributors from the various operational and fee earning areas to ensure the timely preparation of a high quality office budget
• Prepare other plans and forecasts as required to help drive the business forward and to make business decisions.
• Developed and implemented Group-wide Performance Management Systems encompassing KPIs Definition & Monitoring and Rewards scheme
• Involved in supporting and improving the development of the existing ERP system,
• Member of ALCO, MBR & stratigic planning committees
Develop and maintain a comprehensive Financial Control framework in strategic
alignment with the overall business objectives.
Drive the preparation of the Annual Financial Statement in close coordination with
the top management
Satisfy requirements of shareholders, directors, management and government
institutions and agencies for financial data related to the business
Oversee the production of board papers and schedules and maintenance of all
financial reports required under regulatory standards
Ensure expedient and accurate production of financial reports for internal and
external purposes
Ensure timely preparation and accuracy of financial reporting system for
management and directors
Ensure consistent application of accounting policies and procedures in accordance with AAOIF & IFRS standards.
Ensure that accruals, adjustments, financings reserve requirements, etc., are
made on a timely basis
Manage relationship with external auditors, UAE central bank and insurance
authority.
Ensure that planned targets are met and report on any positive or negative
deviation from plan on a regular basis
Ensure required reports, audits, checks and returns are completed
Attend management committees and meetings as required
Plan, revise and approve the financial budget for Financial Control activities in
close coordination with the Chief Operating Officer
Ensure quality services are being offered by external consultants at acceptable rates.
Envisage measures to cut cost and improve productivity in the department
Establishing the accounting policies & procedures for the parent company
Assist in designing the internal controls procedures for various departments
Building up and developing the concept of the cost / Profit centres
Responsible for building a control system for the subsidiaries and associates.
Create rules and flow of work policies for financial department and other departments.
Participate in the evaluating and selecting the IT banking system
Designing and creating the chart of accounts
Responsible for designing and creating the accounting schemes for the Islamic products like Ijarah, Forward Ijarah, Morabaha, Twarouq, etc.
Participate in the Setup of Investment Module
Participate in the Setup of Money Market Module
Responsible for testing the system outputs.
Full scope audit for the largest property & investment companies in Dubai ( Dubai Islamic Bank, Emaar, Union properties, Aman Insurance & Roads and transport Authority RTA )
Managing an internal audit team to perform the following tasks:
Plan, create and develop the audit plan, strategic & Tactical
Create and develop the internal audit programs
Review the audit working papers and assess the adequacy and the quality of the audit process
Evaluate risk exposures relating to the organization's governance, operations and information systems regarding the reliability and integrity of financial and operational information, the effectiveness and efficiency of operations, the safeguarding of assets and compliance with laws, regulations and contracts.
Making recommendations on company business processes operations based on sound internal auditing principles and methodology.
Fully responsible of the project of conversion from cash to accrual basis of accounting
Fully responsible of the project of preparing consolidated financial statements of SFD&SEDO
Participated in designing the strategic plan of the internal audit department
Fully responsible of designing the tactical plan of the internal audit department
Ensure that accounting policies and procedures that are adopted by management are properly reflected in the accounting programs
Suggesting, executing and monitoring the accounting treatment of the investments
Lecturing in new accounting standards to the staff of the accounting department
Examine the accounting systems, records, books
Allocate work among audit team
Evaluate the system to identify the key internal controls and control weakness
Develop audit program and communicate it to the staff- operational plan-
Guide and co- ordinate field work
Review audit work papers and comments
Review and evaluate responses to audit issues
Review audit reports, Evaluate team members’ performance
Update permanent audit file
Inspections visits to the work sites on sampling basis
Review the reliability and integrity of financial and operating information and the means used to identify measure, classify and report such information
Review the system established to ensure compliance with those, plans, procedures laws, and regulations which could have a significant impact on operations and reports and determine whether the organization is in compliance
Review the means of safeguarding assets and as appropriate verify the existence of such assets
Review operations or programs to ascertain whether results are consistent with established objectives and whether the operations are carried out as planned
Co-ordinate with external auditors to ensure adequate audit coverage and to minimize duplicated efforts
Ensure that each computer program is properly documented
Reviewing the user profiles for computer and bank staff
Review the disaster recovery plan
Handling day to day responsibilities such as the printing and distributing of reports, performing daily backup, balancing transaction files to ensure integrity of data, performing application up dates, perform bank cycle updates on AS/400, provide technical support for AS/400 users, maintain disaster recovery plan, ensure AS/400 security standards are initiated and maintained, executing system tuning activities, perform monthly file organize, disk compression, and storage cleanup
CPA