IYAD ASSAF, CPA, CMA

• In charge for the operations and finance of the EPC company (Engineering, Procurement & Construction) in addition to three Project companies for a total value of $100 million.
• Established the local office and the finance department in Jordan.
• Facilitate the business with all stakeholders such as Lenders, Lawyers, Subcontractors, Head office and Auditors.

Multi billion dollars group of companies, partnering with prestigious houses such as Baccarat, Christofle, Christian Dior, Fendi, Louis Vuitton, Channel, and Nina Ricci, to name only a few.

HIGHLIGHTS AND PRIMARY CONTRIBUTIONS:

- In charge for the finance and accounting function for operations exceeding $600 million (SAR 2.25 Billion).
- Restructuring the finance/accounting department which consists of 38 members, define KPIs and reporting lines.
- Developing action plans to tackle current and historical issues.
- Review the full operational cycle, seek improvements and enhance internal controls:

i- Upgrade the POS (point of sale) system to overcome issues that affects results.
ii- Create Inventory order/reorder policy and procedures.
iii- Tackle historical unknown differences related to Inventory, suppliers, returns.
iv- Implemented the WMS (warehouse management system) in the retail division.
v- Liaise with banks/credit cards companies to facilitate the operational cycle.

Eversheds is one of the largest corporate law firms with more than $500 million turnover, over 40 offices worldwide, and more than 4, 000 employees. Providing law consultancy, and business advisory services for many multinational firms around the world such as Boeing, IATA, Microsoft, Phillip Morris, and Samsung.

HIGHLIGHTS AND PRIMARY CONTRIBUTIONS:

- Management of the finance department financial reporting and planning process.
- Monthly/quarterly/ semiannually/ annually financial reporting which cover but not limited to: profit and loss, actual results to budgets, actual results to last year actual results, and highlights over the major forces and their effect on the results reported.
- Monthly balance sheet reconciliation for all the balance sheet items; ensure that supporting documentation and calculations are available at the close of each month.
- Tax compliance and reporting.
- Leading the budget and the monthly discussions with department heads, setting new challenges to achieve new levels of output which resulted in positive profitability trend. Key member of the Middle East budgeting team which covers 6 offices in the region.
- Established a complete database and monitoring system for the large number of contracts with clients. This system resulted in accurate billing amounts and billing dates; the result was more confidence and trust from our clients which means more business and income.

EPMC is a construction/real estate services company with a turn over $60 million dollars, and offices in Dubai, Abu Dhabi, Oman and Doha.

HIGHLIGHTS AND PRIMARY CONTRIBUTIONS:

- Established the finance department for the group together with the financial policies and procedures for the company.
- Producing monthly management accounts, budgets, and forecasts.
- Legal and financial compliance.
- Review and recommend improvements, and monitor the internal controls for the different business units.
- Implemented solutions to create a sound financial base to provide timeliness, accurate, reliable reports that can be relied on by the management to accelerate growth and improve profitability.
- Continuous discussions and brain storming with department heads and other employees on how we can improve operations that saves time and increase controls that safeguards the company assets.

Ernst and Young is one of the Big 4 firms providing accounting, auditing and business advisory & consulting services in the world. Visit www.ey.com/me for more details.

HIGHLIGHTS AND PRIMARY CONTRIBUTIONS:

- Client relationships at the appropriate level, solution of accounting/technical issues raised by clients.
- Setting the audit strategies and assign audit tasks to the audit team.
- Understand, evaluate and test the design and operation of accounting and internal control systems, offering recommendation for any weaknesses noted.
- Prepare and critically review statutory accounts to ensure they fully meet company law and financial reporting requirements.
- Analytical reviews and ratio analysis of financial statements accounts.
- Audit software (Case ware) champion, trainer for new joiners.

TAGI is one of the biggest firms providing accounting, auditing and business advisory & consulting services in the Arab world. Visit www.tagi.com for more details.

HIGHLIGHTS AND PRIMARY CONTRIBUTIONS:

- Preparing and planning for the audit.
- Applying substantive testing over the financial statements account balances to ensure it’s adequate and properly accounted for.
- Analytical reviews and ratio analysis of financial statements accounts.
- Preparation of annual financial statements.
- Member in a team which have the responsibility of preparing managerial & financial policies for different sized companies.
- Soundly contribution in different kinds of feasibility studies.