Hozefa Kapasi

Working capital management
• Optimizing cash flows and banking set-up across the group;
• Analyzing cash forecasts reports received from subsidiaries;
• Channelize excess cash for resolving working capital bottle necks;
• Improvising working capital cycles for each entity by adjusting intra-group credit terms;

Fund management
• Raising capital inflows in collaboration with the Group finance team;
• Planning utilization of capital inflows and analyzing feasibility for capital outflows;
• Evaluating short-term investment options and making investment recommendations for Board of Directors;

Balancing covenants and financial exposures
• Hedge operating results against financial market exposures-interest rate risk and FX risk;
• Managing external borrowings across the group, including reduction of interest cost, approval of drawdowns and facility utilizations;
• Overseeing compliance with various financial and liquidity covenants across the group;

Facilitating oversight
• Presenting various liquidity reports to board of directors, highlighting short and long term liquidity risks with suggested course of actions;
• Supplementing strategic decisions of the group with analytical information and relevant suggestions;

Financial analysis and planning
• Assisting in finalization of group business plans and financial projections, relevant for submission to key lenders;
• Due diligence and valuation assignments to support acquisitions;
• Analyzing tax impacts and executing group-wide netting of balances with the object of streamlining balance sheets.

Achievements and performance highlights:
• Set up treasury function across group from inception, including:
a) Setting up reporting structure and format for cash forecasts;
b) Group-wide implementation of treasury management application “Kyriba”;
c) Centralizing forex and interest rate hedging functions;
d) Providing centralized reporting for consolidated cash positions-current as well as near-term projections;
• Interest hedging decisions leading to reduction of interest costs by approx. $0.2 ml;
• Key role in handling leveraged acquisition and restructurings (deal values up to USD 80 ml);
• Managed VAT implementation for group’s UAE component

Key responsibilities:
• End-to-end execution of audit assignments.
• Financial statement consolidation for diversified business groups and limited review reports for listed entities.
• Advisory services to clients on accounting methodologies and control mechanism.
• Preparation of financial statements as per International Financial Reporting Standards (IFRS), management letters, auditor's report and management representation letters.

Key achievements and performance highlights:
• Major consolidation assignments managed for a:
a) globally diversified manufacturing conglomerate (revenue above billion dirhams);
b) leading multinational corporation in the infrastructure sector;
c) major UAE business group with over a billion dirhams balance sheet.
• Key audit assignment handled for a:
a) global sales office for an international airline;
b) leading multinational construction company;
c) UAE based investment company managing over a billion dirhams of capital.
• Secured highest rating for job performance in annual appraisal; rated as employee “exceeding expectations”.
• Project engagement across sectors i.e. construction, hospitality, investment and manufacturing sector.
• One of the few associates to handle ‘partner assignments’ -key clients for the firm.

Key responsibilities:
• Supervising audit execution and managing client deadlines.
• Planning and execution of audit assignments for clients in the following sectors: hospitality, construction, service, logistics and retail.
• Preparation of client deliverables in compliance with International Standards on Auditing.

Key achievements and performance highlights:
• Major assignments handled:
a) quarterly review for the largest telecommunications, safety and security systems integrator operating
in the Middle East;
b) consolidation assignment for a globally diversified public relations firm.
• Key audit assignment handled for a:
a) component of Tokyo listed multinational and market leader in building automations;
b) franchise of a France based hotel group operating in 92 countries;
c) leading multinational logistics provider;
d) global leader in maritime technology.
• Secured highest performance ratings in all annual appraisals.
• Awarded “Style Icon” of the year 2013-14.