Hussain Rassawala

Responsibilities:
• Manage organization’s day-to-day accounting and financial transactions to ensure seamless Finance and Account Operations
• Ensure the accounting policies and internal control procedures are duly met.
• Finalization of accounts followed by consolidation and produce financial reports to the executive management.
• Finalization of MIS and drafting key parameters like KPIs, SWOT analysis.
• Draft write-ups on financial statements powered by ratios analysis, which provides insight into the company’s performance
• Liaise with external auditors during statutory audits to ensure successful completion of audits.
• Prepare cash flow analysis and manage cash flows, recommend liquidity improvements, and eliminate bottlenecks from aging of receivables & payables.
• Coordinate with banks for arranging finance / LC’s to optimize utilization of facilities and smoothen any bottlenecks.
• Liaise with ministries for statutory reporting, addressing the related queries, and ensuring legalization matters.
• Perform sensitivity analysis to determine the improvement factors.
• Manage the feasibility reports for new business proposals if any.
• Provide recommendations to senior management on both short-term and long-term strategic business plans and implementation of new initiatives


Achievements:
• Petrolink Holding Company - Designed and presented a report on ratio analysis, which proved critical for business improvements. Also, created effective fund management plans at Petrolink to utilize idle funds, and managed the short-term assets by introducing short-term investment plans.

Responsibilities:
• Ownership of Financial management.
• Prepare and report financial statements with variance analysis.
• Prepare and finalize the annual budget.
• Drive and validate routine accounting and financial procedures.
• Handle statutory and internal audits.
• Oversee banking-related activities.
• Handle expansion projects like branch additions and closures.
• Report periodic ad-hoc management and financial reports.

Achievements:
• Played a pivotal role to accomplish the successful completion of three critical/complex projects under strict deadlines regarding timeline and project objective.
• Scripted an impressive success story by exhibiting a high level of commitment and received an increment in a time of seven months.

• Prepare an annual budget, projection, forecast, and relevant financial reports.
• Prepare and report financial statements.
• Handle monthly closing and ensuring the accuracy of accounting classification.
• Prepare financial MIS, ad-hoc, and control reports.
• Handle year-end audit and cater to external auditor’s requirements.
• Report to the Central Bank of Kuwait for various statutory requirements.
• Produce monthly and year-to-date branch profitability MIS.
• Review branch internal checks control reports.
• Monitoring fixed asset recording, movements, disposal, and Asset MIS.


Achievements:
• Al Mulla Group- Triggered a solution to resolve the Fixed Asset control account issue, which helped in clearing the backlogs of unrecorded Asset Items. I was also, awarded as an Outstanding Performer in the Year 2013-2014

• Process invoices and manage order flows.
• Prepare reports on outstanding invoices.
• Coordinate with foreign clients for process improvement.

Working capital management & ratio analysis