Finance Director
Basma.com
Total des années d'expérience :30 years, 5 Mois
Oversee and lead the finance department and day-to-day operations. Conduct variance analysis to pinpoint areas for improvement and contribute valuable insights to decision-making processes. Manage cash flow effectively by closely monitoring accounts payable and receivable and tracking burn rates to forecast future cash requirements. Direct investment and funding activities, performing thorough due diligence, and presenting recommendations to executives based on financial analysis and risk assessment. Implement robust financial controls to ensure the accuracy of financial information.
• Efficiently allocated resources by monitoring and controlling expenditures across various departments, promoting accountability.
• Assembled a high-performing team to spearhead and elevate the finance function.
Managed and led the finance team at Toters Fresh in Lebanon and Iraq, overseeing operations from source to general ledger. Prepared monthly financial statements, ensuring timely logging of finance ledgers for reliable reports and analysis for C-level management and investors. Employed finance systems, new policies, and procedures to drive continuous improvement. Interpreted data from the Tech Team to inform decisions on purchases and expenditures. Collaborated closely with the General Manager to set strategic decisions and plan for new branches. Administered cash flow and maintained liquidity for Capex projects.
• Built and developed annual budgets and utilised the same guidelines to monitor performance and Opex.
• Led a proficient finance team, ensuring excellence in all financial aspects.
• Consistently closed account periods on time and submitted accurate financial reports promptly.
Directed all accounting operations, including payables, receivables, costing, and revenue recognition. Issued and scrutinised periodic financial statements. Oversaw cash flow and projections. Prepared and monitored the budget and financial forecasts, reporting variances. Reviewed projects related to business expansions. Submitted financial statements promptly, ensuring timely reporting.
• Produced accurate break-even analyses to support strategic management decisions for new programs.
Conducted in-depth analysis of financial statements to illustrate the financial position of the group and business units. Generated periodic financial reports for local and GCC entities, delivering valuable insights to executive management. Formulated cash flow projections, optimized bank loan schedules to align with business units cash requirements, and vigilantly tracked DSO and DPO.
• Contributed to the preparation of Annual Operating Plans and feasibility studies.
• Streamlined intra-subsidiary payment processes, enhancing efficiency and financial governance.
Reported to the CEO all financial and administrative matters by delivering accurate information on the group’s financial position:
•Ensured the issuance of timely financial reports by overseeing the financial operations of the subsidiaries (AED 600 M in revenues)
•Controlled cash flows and forecasts and monitored the sources and uses of funds.
•Prepared yearly budgets, compared actual performance with estimates to analyze variances.
•Managed banks’ relationships and loan agreements to provide proper capital structure for operations and investments by ensuring better rates and covenants (bank facilities > AED 500 M).
•Analyzed FS ratio to assess the financial performance and evaluate liquidity, efficiency and profitability.
•Managed ADNIP shareholders’ relations and prepared the general assembly and BOD meetings.
•Managed the Group IT department.
•Worked as
Delivered accurate financial information to the CEO, depicting the groups monetary position. Controlled cash flows, monitored fund sources and uses, and prepared yearly budgets, conducting variance analysis for performance assessment. Analysed financial statements ratios for performance evaluation in liquidity, efficiency, and profitability. Cultivated ADNIP shareholders relations, prepared General Assembly and BOD meetings, and managed the Group IT department.
• Acted as General Manager of Abu Dhabi Medical Devices, providing support to finance, supply chain, and marketing departments.
• Chaired relationships with banks and loan agreements, optimising capital structure with facilities exceeding AED 500M.
• Partnered with the supply chain to enhance policies and payment terms, planned cost reduction strategies, and revised credit policies for smooth cash flows amid operations and expansions.
, UAE - Contracting & Trading
Presented regular reports on Financial Statements analysis to the CFO. Teamed up with the Supply Chain department, negotiating contracts with major contractors/suppliers and making decisions involving cost analysis and performance measurements for orders exceeding AED 10M. Identified and managed areas of risks affecting the earning capacity of new and ongoing projects as a member of the Risk Management Team.
• Headed processes for new projects, including cash flows and bank facilities (AED 600M) for tender/performance bonds, letters of credit/guarantee, and PPC discounting.
• Obtained 40% decrease in margins and management fees (AED 500K) by negotiating new terms and rates with banks.
• Acquired comprehensive knowledge and skills from the grassroots level, demonstrating a commitment to continuous learning and professional development.
Additional Experience