IMRAN IBRAHIM

Oversaw all areas of accounting, finance and IT; prepared strategic business plan and led budgeting and forecasting process. Held accountability for statutory financial reporting compliance (IFRS/GAAP), consolidation, internal controls, tax compliance, treasury, and talent management. Led quarterly Board of Directors’ presentations on overall company performance in partnership with CEO. Managed team of 11 employees.

• Contributed to improving profit margins by saving metal cost by $1M through downgauging in collaboration with operations team.

• Attained savings of $200K by increasing number of pieces per pallet per container and increase in trailer size.

• Optimized cash flow by $800K through significant reduction in inventory levels by introducing monthly meetings and follow ups with relevant departments.

• Assumed control of tax implementation project (Value Added Tax), delivering successful outcome and ability to file tax returns on monthly basis with no compliance issues reported.

• Assumed control of robust internal control environment through successful implementation of ICFR (Internal Control over Financial Reporting) framework.

• Implemented financial modeling and KPI dashboard to help management oversee business performance.

• Implemented Economic Substance Regulation Successfully to ensure compliance with OECD framework to avoid harmful tax practices.

• Implemented 100% Foreign ownership for the company under the UAE’s FDI (Foreign Direct Investment) law to avail benefits of exclusive ownership.

Directed staff of 8 within finance function. Actively participated in financial reporting, consolidation, internal audits, raising working capital and investment funding, and monitoring of working capital position. Implemented digital solutions to complement business applications. Expertise in SAP (ERP).

Led complete restructuring of Accounting and Finance function, reducing headcount by 5 while boosting efficiency and overall employee satisfaction.

• Improved cash position and reduced cost of using working capital facility by improving payable days by 26% and receivable days by 18%.

• Negotiated $33M investment and $15M working capital financing to support company’s growth objectives.

• Significantly improved operational efficiency in warehouses by implementing digital Warehouse Management System (WMS) which resulted in improved inventory tracking and handling.

• Reduced risk of fraud and error through introduction of automated payment processing solution (Host-to-Host) integrated with ERP (SAP) system.

Supervised 4 Financial Analysts and oversaw compliance of company polices, working capital management, internal controls, and financial reporting and analysis.

• Decreased process time and eliminated redundant activities using business process mapping, improving allocation of resources for value added activities.

• Secured sales transactions with high-risk countries through implementation of trade finance procedure.

• Enhanced internal control environment to reduce risks related to reliability of financial reporting.

• Improved invoice processing time by up to 50% through implementation of digital solution.

• Slashed month-end closing cycle by 3 days, enhancing timeliness in delivering information to management

Played key role in improving budgetary control system and maintained integrity of financial statements by performing high level review.

• Led business process mapping project, increasing transparency and knowledge sharing throughout organization while serving as resource for training.

• Improved accuracy and efficiency of financial reporting by implementing Business Intelligence (BI) tool, enabling financial analysts to perform critical analysis.

Performed financial analysis to identify hidden trends, cash flow forecast, and worked on cost optimization solutions.

• Implemented profitability module (COPA) in SAP, improving accuracy and efficiency of profitability analysis.

• Played key role in reducing overtime cost by 12%.

Handled key accounting activities including:

• Multiple modules in SAP (AR, AP, FA, MM)

• Managed month-end and year-end closing process

• Prepared financial statements, and financial analysis for management needs, acted as team player to add value.

Oversaw day-to-day activities in accounting department, ensuring accuracy and integrity of financial information.