Issam AlAwlaqi

•Manages a team of Accounts Payables making sure that payments are made on time based on departmental KPI's following company’s policies, procedures and IFRS.

•Manages a team of Accounts Receivables making sure that received cash is booked appropriately and get it reconciled on monthly bases following company’s policies, procedures and IFRS.

•Manages Monthly Bank reconciliation. Achieved a high record in reducing errors during the reconciliation period using my communications skills to bring harmony within the section and other sections like payroll.

•Managed the team of General Ledger making sure that appropriate accounts and accounts codes are created/assigned to related cost category. making sure that other modules are closed (payroll, AP, AR, Bank module & FA) are closed and agreeing on monthly, quarterly and annually.

•Contributed in setting up budget projects. Lead the setting of budget in the system .

•Analysis and reports monthly results of our projects providing advices to project managers and top management.

• Managed the dealing with Daman insurance company in terms of arranging insurance cover for employees, negotiating policy terms and costs, raising claims.

•Keep the good relationship with our customers through good public relations Strategies.

•Manages the team of Accounts Payables making sure that payments are made on time based on departmental KPI's following company’s policies, procedures and IFRS. Achieved the best record in time management which made me and the team successful in closing the AP module on monthly bases at the right time which reduced delays in financial statement issuance. Succeeded in raising the AP KP’Is from 78%- 87% to 94%-98%.

•Manages a team of Accounts Receivables making sure that received cash is booked appropriately and get it reconciled on monthly bases following company’s policies, procedures and IFRS. Succeeded in resolving many issues with the customer which kept payments held for two years in cooperation with communications team and were selected to play the role of a business manager during merger.

•Manages Monthly Bank reconciliation. Achieved a high record in reducing errors during the reconciliation period using my communications skills to bring harmony with in the section and other sections like payroll.

•Managed the team of General Ledger making sure that appropriate accounts and accounts codes are created/assigned to related cost category. making sure that other modules are closed (payroll, AP, AR, Bank module & FA) are closed and agreeing on monthly, quarterly and annually.
Achieved a higher accuracy in recording the costs and revenues in addition to the issuance of the financial statement with the best financial reporting experienced team.

•Contributed in setting up budget for more than one project. Lead the setting of budget in the system after margining coming up with new practices that provides accurate control of budget through Oracle.

•Manage and ensure that all departmental deliverables including project reports, and financial reports to senior management and the parent company, are submitted within established due dates.

• Manage the upload of monthly financial data into Mubadala’s financial system(Hyperion) for consolidation, delegating the work as necessary within the department. Established the culture of doing work through people or in other word delegating tasks to subordinates certain tasks as it was the first tie to do so. Created standards to be followed by team members in order to qualify and validate figures internally before submitting to the group.

• Manage the reconciliation of Mubadala intercompany balances and confirm reception of account information into Hyperion on a quarterly, semi-annual, and annual basis. Act as department point-of-contact (POC) on technical issues. Achieved with the team I lead fastest company who trouble shoot system issues and get the solutions for the support team since many teams are liked to each other for same transactions.

• Assist in the establishment and review of project finance policies and procedures. Advised the management to set up a policy for pension fund contribution since there was many problems and got assigned to right the policy.

• Manage staff assigned to ensure arithmetical accuracy of payments and all relevant attachments to UAE pension fund, providing guidance and oversight to resolve issues.
Trained the assigned employees and guided them on the calculations of pension contribution, end of service and the UAE pension law.

• Act as departmental POC for Project Finance & Reporting related issues. Achieved a high profitability to the company by optimizing costs and increasing profitability coordinating with varies projects mangers (6 projects). Also keep the control on their performance on timely bases.

• Develop and prepare the user guide for new reporting processes and policies. Recommend changes and revisions as required. Established work instructions for the department describing the process showing all requirements to achieve steps with success and forms needed to be filled and send.

• Work with the Manager, General Ledger and Assistant Financial Controller to develop project accounts for new projects, ensuring that financial data is captured in a manner that facilitates project cost and/or customer reporting and invoicing.

• Successfully training new staff in the areas of Project Finance & Reporting, Accounts Payable, Accounts receivable, budgeting and Payroll with support of varies teams in the mentioned areas.

• Support project managers as applicable during new project start-up; explain and interpret financial data included in the project reports. Presenting to the projects managers the financial situation of their projects highlighting issues needed to be resolved.

•Assist and support in developing the function’s strategy, plans, ensure that they are closely aligned with the entity’s overall strategy, objectives and the entity’s specific requirements.

•Supervise the analysis, summarization and maintenance of general ledger accounts.
Sat the standards of analysis created many reports to be presented to management showing the company situation using fit gap analysis.

•Work on the implementation of a robust financial reporting framework to monitor performance, the flow of purchases compliance to the budget, expenditures, income and other budgetary requirements. Created mechanisms to control purchases and keep track of these purchases not to exceed the budgeted figures.

•Oversee the implementation of internal control mechanisms in order to mitigate financial risks. Established controls on risks and kept records of these risks emphasizing required action to the management for the right decisions.

•Develop internal controls and accounting procedures in line with industry good practices; monitor compliance to agreed procedures and seek continuous development to enhance operations.

•Provide guidance to direct reporting staff in the development, analysis and preparation of reports in line with the established policies and procedures, review accounting reports for accuracy and completeness.

•Assist the CFO/CAO with the preparation, consolidation and review of quarterly and annual budgeting processes and plans for the entity.

•Develop guidelines and templates for the preparation of budgets of ongoing operations and special projects.

•Coordinate with other functions to obtain inputs for budget preparation and generate the consolidated budget.

•Coordinate with HR/ Training to get finance newly joined employees trained. Established the first training program for the department staff and the newly joined staff.

•Prepare analytical reports highlighting variances in spending and submit them for review.

•Oversee the timely update of the pension database to ensure the accuracy of pension data and information.

•Oversee, review and approve release of all payroll activities such as employee termination benefits.

•Audit companies for proper filing of their employees.
•Audit companies for proper pay roll.
•Audit companies for proper time sheets.
•Audit companies financial statement in case of bankruptcy.
•Audit salary payments and reconcile with bank transfers as per labor law of UAE in case of labor dispute.
•Audit leaves, leave balance and leave frequency.
•Audit time sheet and make sure that they don’t exceed permitted working hours per day or during weekend and public holidays.
•Audit salaries, over time, leave salaries, deductions compare them with traffic fines or other violations.
Have the best record in financial skills, communications skills and legal skills which made me the first choice for management to represent the ministry in many cases like strikes, audit, bankruptcy, personal complains education of company employees in newly implemented rules. I made the ministry to revise some practices of overtime articles in the labor law I interpreted these articles with much more accuracy.