Group Senior Finance Manager
SEQA GROUP
Total years of experience :12 years, 1 Months
Directing and supervising finance managers of all subsidiaries in regular finance activities.
Directing the desing and development of financial templates, models and presentations in several
aspects in finance.
Assigned by CEO as Chairman of SAP committee for reviewing, benchmarking and updating the
processes within the SAP system.
Perfromed several feasibility studies and project appraisals for desired projects in multiple
industries as part of the expansion plan.
Initiated and designed Quarter Reporting and Management Reports for the group covering both
financial and non-financial activities and information to facilitate better planning and decision
making process.
Performed IFRS conversion (from IFRS for SMEs to Full IFRS) for four companies withing the
group and in process to take it further for the rest of the group subsidiaries (20 subsidiaries and
growing, 8 active and reporting subsidiaries at the moment).
Initiated, designed and developed Financial Dashboards on Group Level, Subsidiary level and
product level to facilitated information access and decision-making for top management.
Perfomed Market Valuation and Cash Flow Valuation studies for acquisition targets on multiple
scenarios to determine price range of the acquisition target.
Critically conducted Cost and Product Profitability analysis to identify areas for improvement and
cost savings.
Analyzed and detected multiple recording and reporting diffeciencies within the group and directed
and guided Finance Managers of each subsidiary on resolving and enhancing these deficiencies.
• Proactively worked with C.F.O., V.P.s and Top management, ensuring the company follow best practice in the Finance department, including reporting, policy and procedures controls and cost control while serving as an independent member in the SAR/SRO Merger Committee, assigned by the C.E.O. to work and participate throughout the merger project.
• Served as the Project Manager for a Cost Optimization Project with a Big 4 firm to review the current cost structure at all levels of the company, compare the current situation to global and regional benchmarks, identify a key area for enhancements and suggest actions to provide needed solutions to increase efficiency and effectiveness of the operations.
• Assigned by the C.E.O. as an independent member in a committee responsible for technical evaluation for financial consultation agreements and serve as the Project Manager for the Policy & Procedure initiative which involved reviewing and enhancing the existing process in Finance department based on its current and planned workforce structure.
• Consistently provided assessments to the C.F.O. and C.E.O. including an assessment on the adverse impact of Covid-19 on the company's performance and ways to minimize it, performing an assessment and maintenance of the Chart of Account by reviewing the current chart of account and identifying weak areas and how to enhance them, ie. Redundant accounts, misclassification of accounts, etc., conducted regular meetings with G.L. co-workers to keep on track with an enhanced chart of account, and provided an assessment on the effects of updated IFRS on company’s results.
• Acting as an Audit Assistant Manager in all audit stages from client acceptance to issuing financial statements with audit report while planning for year-end audits and quarterly reviews by understanding the client's industry, identifying key risks areas, and preparing audit/review plans.
• Proactively developed internal control testing strategies to express opinions over the effectiveness of the clients' internal control while conducting a review of predecessor auditors' working papers and preparing audit files for review by successor auditors, internal quality review teams, facilitating their reviews and responding to their questions.
• Expertly review Financial Statements, Management Discussion and Analysis while preparing the required auditor's communications to the clients' audit committees including audit plans, quarterly and annual finding reports and presenting it to the audit committees.
• Effectively contributed to the team results by welcoming new and different work requirements; exploring new opportunities to add value to the organization; helping others accomplish related job results as and where needed while identifying additional services to be provided by the firm for an existing client and generating new business opportunities with prospective clients.
• Partnered with the Internal Audit Manager, C.F.O. and C.E.O. to fix all the gaps and accumulated issues and problems in the accounting, recording, reporting, and internal control systems in the past years while implementing new policies and procedures to avoid the recurring of past and anticipated issues.
• Effectively participated and assisted the Sales, Logistics and Warehousing departments for building and implementing financial and operating budgets while coordinating with the Sales Department for sales forecasts and necessary adjustments to the budgeted sales, discounts and collections from credit sales customers.
• Enacted and provided practical suggestions to the C.E.O. regarding the financial and operational levels while enhancing and maintaining optimal financial ratios and performance measures.
• Responsible for leading and supervising senior and junior accountants through constant guidance and support, including complex accounting entries and financial statements preparation.
• Expertly prepared financial statement, consolidation financial statement and related disclosures while ensuring audit conclusions are based on a complete understanding of the process, circumstances, and risk.
• Proactively conducted assigned audit engagements successfully from start to completion while supervising junior auditors appointed to engagements and providing guidance and overall review of deliverables. Also, identified and communicated issues raised and offered recommended solutions relevant to business and risk.
• Enacted and developed audit programs and testing procedures relevant to risk and test objectives while ensuring adherence to all applicable department and professional standards and laws.
• Communicated assigned tasks to the engagement team clearly and concisely, ensuring high quality, accurate, and efficient results. Also, allowing and focusing on personal, professional growth; relevant to taking on more challenging assignments, in line with standard audit career progression while seeking relevant education and training opportunities.
• Multi-tasked and engaged in the audit and financial statements prepared for various companies of all types, including small private companies to big multinational organizations listed in the Kuwaiti Stock Market following the International Accounting Standards (I.A.S.), International Financial Reporting Standards (IFRS) and Kuwait Law.
• Expertly handled upper-level responsibilities utilizing experience in accounting for Investment (A.F.V, A.F.S., Associates, Investment Properties, Subsidiaries) and worked under the direct supervision of two C.P.A. holders.
• Performed external audit and financial statements preparation from A to Z, including the consolidation for Groups with foreign subsidiaries and making the elimination entries & F.C.T.A. treatment.
• Proactively performed a test of control for the effectiveness of the internal control system, including examination of balances & transactions through testing supporting documents and corroborating evidence while coaching less experienced team member and aiding them.
:Professional Certificate: Certified Management Accountant - CMA Certificate in International Financial Reporting – CertIFR Completed 12 parts of the ACCA and in process to complete the remaining part
