Group Chief Financial officer
Elan Group W.L.L
مجموع سنوات الخبرة :25 years, 7 أشهر
Direct finance function, group strategy, and business plans across groups and subsidiaries as reported to GCEO and Board of directors, optimizing financial performance and governance. Manage comprehensive financial planning, budgeting, and forecasting for Organization's treasury and investor relations. Conduct commercial viability assessments for group's diverse business lines, enhancing informed investment decisions and mitigating financial risks. Oversee comprehensive M&A activities, optimizing assets and divestments. Engage and deliver quarterly presentations to board of directors and invited as committee member, contributing to group's strategic direction. Govern delivery of financial reports to top management and shareholders. Prepare monthly and quarterly financial packages, summarizing actual vs. forecast variances for clear organizational insight. Procured and collaborated with external auditors, consultants, and internal audit team, enhancing financial audits. Direct financial audit outcome implementation and recommendations.
• Formulated group finance policies, ensuring compliance with varying jurisdiction requirements, fostering streamlined operations and regulatory adherence.
• Contributed to IPO readiness initiatives, diversifying stakeholder composition as government decisions dictate, enhancing organizational robustness.
• Engaged as board member in international JV partnerships, elevating collaboration on global scale.
• Secured long-term funding for Elan group and established open channels of communication with shareholders and government bodies.
• Mentored finance heads in subsidiaries and JVs, ensuring aligned financial strategies and nurtured talent to cultivate strong second-line management.
• Nurtured relations with external auditors, ensuring IFRS adoption and compliance resulting in clear, accurate interim and annual financial statements.
• Supervised group treasury and cash management, optimizing liquidity and working capital to enhance group operations across sectors.
• Functioned as control tower, ensuring corporate governance policy adherence and "DOA" authority matrix compliance in group activities.
• Guaranteed tax compliance for diverse group entities across various jurisdictions, ensuring legal and financial alignment.
• Contributed to group's transformation from significant losses to operational profits, driving financial resurgence.
• Initiated and managed M&A deals, skillfully shedding underperforming investments, resulting in $60M successful divestment and optimized portfolio value.
Spearheaded group finance function under group Deputy CEO's guidance. Led finance departments in UK and MENA regions, delivering financial data for informed decision-making by executive management. Supervised finance heads in Qatar & UK to align with dynamic business changes, developing financial trends for more insights about business analysis that drove correction actions. Supervised and validated periodic and ad-hoc MIS, elucidating variances. Collaborated with finance manager for quarterly board presentation, showcasing business results, and key financial insights. Managed two tasks with PWC, divestment financial advisors. Conducted company valuation, utilizing diverse techniques on finance dept's long-term projections. Orchestrated divestment prep, including teaser and info memorandum logistics, to successful completion.
• Attained strategic target of establishing integrated global open platform "GOP" by ensuring awareness of progressive investments, and projected revenues and cash flows.
• Guided QIS EXCO Team on long-term capital planning, ensuring funds availability for strategic objectives attainment through financial expertise.
• Enforced QIS Group's adherence to good governance principles as stipulated by Articles of Association, Board Bylaws, and accepted codes. Sustained updated and accurate ERM process through EXCO discussions.
• Engaged with Ministry of Finance and Economy, ensuring annual funding for Qatar, MENA & UK operations.
• Verified UK subsidiary's cash flow needs, facilitating quarterly working capital funding arrangements.
• Designated as financial representative of shareholders and played pivotal role in company's 2013 divestment process.
• Transformed finance department into dependable business partner, surpassing mere financial reporting and becoming strategic asset.
Guided accounting manager in ensuring precise accounting treatments and accurate record-keeping, maintaining proper cutoffs for transactions. Established operational controls, aligned with evolving business dynamics. Ensured timely reporting to Central Bank of Qatar, promoting compliance and transparency. Assessed company investments, delivering feasibility recommendations to top management for informed decision-making. Oversaw external auditor relationship, facilitating full statutory accounts preparation. Collaborated on audit plan, ensuring successful implementation with accounting manager.
• Spearheaded company treasury, optimizing cash benefits for direct net profit enhancement through adept local bank negotiations on diverse time deposits.
• Directed annual budget preparation, aligning with GM's business plan assumptions and board of directors' directives, enhancing financial planning.
• Mentored accounting manager in finance and accounting best practices, resulting in over week reduction in monthly financial reporting cycle.
Engaged as integral member, actively participating in ERP selection and implementation process, contributing to strategic management success. Played pivotal role in transforming company culture from co-operatives to corporate, aligning with IPO listing goals. Functioned as financial advisor to newly appointed Board of Directors, providing strategic insights and enhancing decision-making prowess. Led accounting manager in establishing accounting sections: GL, AP, AR, FA, Inventory management, and cost accounting, optimizing financial processes. Supervised section head, and coordinated bank negotiations, resulting in enhanced cash flow and treasury management for the company.
• Masterminded meticulous business and financial planning and forecasting, driving informed decision-making and future-oriented strategies for organizational growth.
• Initiated finance team creation from ground up, conducting thorough interviews with current and new staff to optimize selection process.
• Developed comprehensive financial reporting structure, ensuring seamless implementation for accurate, timely, and insightful financial insights.
• Spearheaded periodic and annual stock taking, heading inventory committee to strengthen control over inventory management.
Handle GL function including:
• Handle all GL journal entries up to finalization of accounts Such as Accruals- payroll entry ……etc, ) Using
Oracle Financial Applications.
• Review and insure the proper allocation of expenses and revenue to different cost centers (As per the company
chart of accounts description) for the purpose of evaluating every business unit/segment.
• Assist in the local fixed assets register monthly update to be reconciled with the fixed assets register built in the
system.
Responsible for management reporting including:
• Manage the monthly and quarterly reporting to the HQ Office (Duplin - Ireland) with full financial statements
exposure up to sign off on the final Figures on a monthly review call under supervision of the financial controller.
• Prepare post submission analysis for various P&L and balance sheet accounts using Oracle financial
applications.
Supervise the accounts receivable section including:
• Review and post the AR collection entries prepared by the collection specialist on monthly basis.
• Preparing the AR reserve calculation using the aging reports generated from the system.
responsible for the accounting of the whole revenue cycle, and the credit study for the
clients/ wholesalers dealing on credit terms.
Chartered accountant, Certified Public Accountant (CPA), Member of the American Institute of Certified Public Accountants of California Board of Accounting. USA