Finance/HR & Admn. Manager
Kuwait Transcontinental Shipping Co.,W.L.L
Total years of experience :26 years, 9 Months
Over 18+ years of experience in finance, accounting, cost management with strong technical skills in financial reporting, strategic planning, budget planning and management, IFRS compliance, cash flow management, financial analysis and manufactory costing. Has extensive analytical, organizational and problem solving experience with developed abilities in identifying process deficiencies and developing effective solutions. Have delivered high quality, meaningful and timely financial reports to help management in better decision making. Demonstrate strong leadership through team building, training, coaching and developing staff. Build good working relationship with peers, senior management and external contacts to gain people’s trust, respect and cooperation. Have lived and worked in different countries with different nationalities. Easy going by nature, self- motivated and determined. Displayed effective oral and written communications / presentations at all levels of an organization. Developed effective operational and compliance policies to ensure strong business/finance controls. Assisted in accounting software migration and also implemented software upgrades. Management of all types of human resources affairs for the organization. Ready to adapt to new professional setting/industries and adeptly acquire and apply new skills and knowledge towards supporting company goals. Possess masters degree in Economics, bachelors in Law and science degree with Major in mathematics, CMA and PFA designation holder. PC literate with technical proficiency in Oracle Financials, MS office and able to quickly learn new software. A versatile team player eager to contribute to and actively support management for the success of a progressive organization offering opportunities for growth.
Experience
Kuwait Transcontinental Shipping Co. W.L.L (KTS) Kuwait
A sister concern of Gulf Agency Co. (GAC); a global player in shipping & logistics with over 10, 000 professionals at more than 300 offices in over 40 countries.
Finance/HR & Admn. Manager - 2004 to date
Working capital management, business process review, budget preparation and analysis, Group financial reporting, Human Resources management and development. Overseeing corporate administration and statutory affairs.
Responsibilities:
• All financial and business reporting for the company, internal and external.
• Establish an effective control model.
• Support management with information concerning result development, productivity, service standards, business plan and business development. etc.
• Implement and follow- up on-going cost reduction programs.
• Review business processes.
• To follow the local laws and rules concerning corporate affairs.
• Manage human resources requirements, sourcing, training, performance evaluation, and retention.
Key Achievements:
• Managed the functions with same number of staff and at the same time cleared backlogs by improved procedures, automation, training & empowering staff.
• Reduced outstanding receivables from 45 to 25 days and minimizing risk from marginal customers.
• Cash flows improved by USD: 5 million in two year time resulting in huge saving of borrowing costs.
• Improved net result by 100% cash flows by 300%, reduced expenses by 14%.
• Re-engineering of budgeting and planning process and its implementation.
• Improvement in financial reporting systems with shipping principals.
• Trend analysis & financial modeling to help respond to dynamic market conditions and able to provide a high standard of financial control.
• Trained, developed and managed high quality team of finance/HR and admn. Staff.
General Industry Corporation (GIC)
A Major Industrial Group in Abu-Dhabi, UAE engaged in a variety of key businesses like Steel, Cement, Mineral Water Bottling, Blocks, Cables, Flour and Animal Feeds etc.
Chief Accountant : April 2001 - Jul 2003
“Emirates Iron and Steel Factory” Abu Dhabi, a unit of GIC.
Key Achievements/ Responsibilities:
• Preparation and Development of “Master Budget”. (Budgeted P&L Account, B/S etc.)
• Accurate and Timely Construction and improvement of “Financial Statements”. (Monthly Performance Reports).
• “Analysis of Financial Statements”. (Including Various Analysis Reports).
• Assisting management in “Decision Making Functions” on Product Pricing, Operations Cost Control, Cash Flow Analysis and Management etc. etc.
• Diagnosed bottlenecks in Functioning of Various company “Internal Control Systems” and suggested for improvements.
• Formulated “Product Costing System”. (Based on Standard Costing System).
• Spearheaded as team member in implementation of “Oracle Financials System’.
• Involved as team member in implementation of “Maximo”.
• Engineering and Development of “Inventory Control System”.
• Liaising with Bankers and Internal/External Auditors.
The Groups having multi-million dollar business, engaged in Tires & Soccer ball manufacturing respectively.
Manager Accounts and Finance : March 1996 -Dec 2000
My responsibilities include:
• Overall responsibility of Accounts Department.
• Cash flow statement and forecasting.
• Preparation of budgeting and costing reports.
• Look after imports/Exports of the companies.
• Preparation of financial reports timely, accurately and their review.
• All types of financial correspondence on the platform of company.
• Deal with misc. tax matters along with the team of experts.
• Assisted in the development and implementation of accounting software.
Associate member of Public Finance Accountants Institute.
Associate member of Cost and Management Accountants of Pakistan.