Finance Controller/CFO
Alatas Biglift Company Limited
مجموع سنوات الخبرة :16 years, 8 أشهر
Roles and Responsibilities:
• Strategic thinking & foresight: Driving achievement of business growth & profit goals by formulating & implementing strategic financial solutions and business policies, procedures & systems for tracking financial operations.
• Process-driven: Synchronizing divisional priorities and ownership covering accounting & reporting, business operations, treasury and credit management tasks.
• Finance business partner: Collaborating with multi-disciplinary teams like Supply chain, Commercial, Human Resources, Administration and legal/compliance in order to achieve organizational goals.
• Pricing policy: Serving as focal point for the company’s pricing model, thus identifying the cost components, and developing competitive pricing strategies to assist commercial team in achieving a higher ratio of successful RFQs
• Collaborative approach: Nurturing great relationship with Bankers, Lawyers, Advisors, Agencies & suppliers; negotiated settlements and restructured financial liabilities with bankers, suppliers, statutory agencies.
• Board members: Integral part of the board, proactively attended meetings and serves as major advisor.
• Fund management: Instrumental in generating and acquiring SR 40 Million fund through equity/debt and acquired equipment for the business growth.
• Turn-around management: Dexterously converted the company from loss making to profit making in a period of 4 years; also restructured the companies finance and administrative team.
Roles and Responsibilities:
• Facilitated business transformation and productivity initiatives in a manner that systematically improves operational execution, whilst improving quality, and reducing total cost of ownership
• Diligently discussed terms and covenants for short and long-term loans with the bankers or financial institutions.
• Efficaciously raised cash flow of SR 120 Million towards subsidiary acquisition, new subsidiary start-up in the GCC market.
• Established & implemented internal control disciplines throughout the division to maintain integrity and accuracy of financial reports; conducted due diligence exercise to provide information and insight on the operations
• Essayed a stellar role during acquisition, mergers and integrating post-acquisition synergies to establish corporate efficiencies and improve the growth of the company in the market.
• Displayed proficiency by introducing new line of revenue sector in the B2B business segment in the KSA market
• Significant contribution towards converting UAE & Oman market into profitable markets through leadership and business growth.
• Monitored and coordinated in budget preparation, conducted variance analysis, and made recommendations for new or revised budget norms or procedures.
• Actively participated in the ERP System Implementation projects of Focus ERP system and SAP FICO
• Distinction of being recognized for automation and data migration into the ERP system.
• Applauded and accredited for;
o Acquisition of a subsidiary in the UAE market and integration of regional development, processes and financial results
o Establishment of a profitable laboratory subsidiary in Oman market.
Roles and Responsibilities:
• In-charge of monthly/ quarterly and annual forecast budget and planning for the company along with cash flow management
• Prepared and finalized financial statement for the Group (CARS & Partner NAS United Healthcare Service LLC-Dubai)
• Designed and presented various MIS reports with KPIs indicatives for the company on monthly, quarterly and annual basis and report to General Manager, Commercial Manager and Board of Director
• Monitored and reviewed monthly closing, though processing completeness of reconciliation of vendor/customer, banks, staff cost analysis, accrual, prepared and depreciation accounting, revenue and cost recording
• Managed a team of 5 staff under Accounts and Finance Department and 2 staff under administration department
• Managing the recruitment, selection, orientation, and training of employees; maintained a safe and secure work environment; developed personal growth opportunities
• Coordinated with auditors and legal regulatory and ensured all proper process, controls and risks are covered
• Maintained and resolved issues with regards to Saudization program to keep organization in health ratio and in compliance to the Laws of the Nations
Roles and Responsibilies:
• Statutory audit & zakat/tax audit and advisory services of client operating in various business sectors like IT, manufacturing, FMCG, freight forwards & cargo service, shipping and marine, textile industry etc.
• Review & finalize financial statement including consolidated financial statement for holding companies with subsidiaries in accordance with IFRS
• Experience in verification, checking & analysis of internal control system in the organization through internal control questionnaire and control procedures verification
• Was directly reporting to Audit Manager and for certain clients directly to Audit Director and performed all closure of audits clients.
• Leading and supervision team of 4 to 5 members and handling a portfolio of 15 to 20 clients during my tenure
• Experience of working with major client like A.K. Bakri & Sons Group Companies (group of 65 company), Saudi German Hospital / Batterjee Medical Group, Tetrapak Manufacturing Ltd., Siemens Ltd., Binzagr Company Ltd - (Unilever Brand), Al Marai Group and its Subsidiaries etc...
Roles and Responsibilies:
• Statutory Audit & Income Tax Audit of various sectors of business groups like IT sector, manufacturing sector, service providing, freight forwards and cargo service, shipping and marine, textile industry etc.
• Preparation & Finalization of financial statement including consolidated financial statement for holding companies with subsidiaries in accordance with Accounting Standard in India.
• Experience in verification, checking & analysis of internal control system in the organization & also prepare the internal control questionnaire.
• Development and execution of the internal controls in the organisation.
• Performing stock reconciliation, bank reconciliation, customer and vendor reconciliation.
• Good experience and knowledge in monthly closing activities.
Have scored a total of 52 % in my CA Exams Have cleared the Foundation and Inter Stage in first attempt.
Fundamental of Accounting and Corporate Accounting scored 90%.