Finance Director
Logistica
Total years of experience :30 years, 4 Months
Highlights:
• Advanced automation of financial processes by implementing ERP System - Microsoft AX (Financial).
• Played a crucial role constructing a structured and organized reporting structure with well-defined responsibilities and authority matrix for finance department.
Key Responsibilities:
• Spearheading development of critical financial plans and strategies including budgeting and forecasting to ensure sound financial management and control.
• Embedding well defined work structures/ processes including best financial practices while deploying actions that ensure all financial obligations are met adequately and on time.
• Devising forecasts and budgets based on past trends and future growth plans; monitoring performance with targets/ budget and implementing corrective actions in case of any shortfall/ overruns.
• Directing preparation of financial statements, narratives and schedules while assessing them for accuracy, completeness and conformance to all accounting and reporting standards.
• Summarizing overall financial position of the organization into relevant reports and routinely presenting them to CEO along with recommendations for improvisations.
• Mediating largely with bankers for facilities - tactically negotiating favorable terms/ pricing while facilitating any document/ information required by them from time-to-time.
• Executing periodic audits jointly with external auditors while emphasizing implementation of all audit recommendations to enhance the efficiency of all business policies/ processes.
• Recruiting competent professionals; providing financial leadership and guidance to staff in delivering performance that support organization’s strategic goals.
Highlights:
• Contributed significantly in establishing and migrating processes from manual to ERP system thus advanced accuracy and integrity for finance functions.
• Leveraged core functional expertise in formulating finance policies and procedures for Batelco El Bahrain.
• Established a cohesive collection strategy that regularized and augmented efficiencies of business cycle.
• Spearheaded transition from Delta ERP to Oracle ERP; orchestrated seamless integration of Etisalat policies, procedures and systems with subsidiary company to secure consistency and minimum disruption in routine business functions.
Key Responsibilities:
• Devised cohesive finance management strategies with key emphasis on accounts payable/ receivable, treasury and fixed assets for enhancing current as well as future financial performance of the organization.
• Led a team of middle level managers to convert fiscal business information into financial statements and reports in sync with various reporting and procedural standards.
• Oversaw factors critical for sound financial performance like budgeting and forecasting. Identified variances and deployed actions to circumvent the same.
• Generated an array of analytical reports that involve past trends and statistical compilation of current business data for MD and Finance Batelco team review on monthly basis.
• Fostered appropriate control levels, established best practices for cost systems and implemented tight collection processes to optimize cash flow.
• Verified accuracy, completeness and integrity of all financial statements/ reports and provided integral support to auditors in generated year-end audited financial statements.
• Kept current on tax policies and structures to advise management on tax implications while explored any tax saving opportunity while filing of sales, salaries and stamp tax.
• Governed a performance driven culture across the organization; evaluated performance vis-à-vis target and directed modifications to policies/ strategies to ensure business performance heads in a positive direction.
Key Responsibilities:
• Served as an expert source for all finance issues including full accountability of producing balance sheets, income statement and cash-flow statements with quality, accuracy and conformance to chart of accounts.
• Led activities from concept to completion with regards to project budgeting and forecasting. Aligned payable, receivables and inventory cycles to maintain a positive working capital flow in the system.
• Recorded and updated detailed schedule of fixed assets; calculated accumulated depreciation and ensured all assets are appropriately valued and documented in the books of accounts.
• Presented reports highlighting financial position/ performance in line with the set targets or budgets and clearly outlined financial risk/ benchmarks to senior management with corresponding action plans.
• Administered treasury functions and concurrently evaluated impact of financial policies and processes and re-organized structures to ensure the organization’s financial domain is efficient and organized.
• Maintained complete, accurate and systematic set of records for all financial statements, documents and reports. Ensured cost controls as well as application of appropriate accounting standards and principles.
Key Responsibilities:
• Handled full operational remit of core accounting functions and prepared year-end financial statements and reports while developed and maintained accurate financial databases.
• Compiled financial data and prepared reports that exhibit organization’s financial stability/ liquidity/ growth for strategic decision making by senior management.
• Ensured the organization business activities like accounts payable, receivable and treasury functions are documented and reported in conformance to various accounting standards.
• Involved in budgeting/ forecasting; applied various financial models/ techniques while developing strategies to maximize success of finance management initiatives.
Other Professional Experiences:
• January 1992 - December 1993, Training, Mohsen Abou El Souad, Cairo - Egypt.
Key Attributes: - Extensive knowledge of investment fundamentals along with a flair of effective management techniques for human resources, operations and overall business. - In depth understanding of various aspects involved in international, derivatives, trading and portfolio management combined with strategic and marketing management.
Conferred degree of excellence for Research on - A discovery of fraud and miss-under operating-accounts ERP System
