KHAN IRFAN

CFO at AL Nasser Sport Group

• Kuwait - Al Kuwait
• My current job since November 2022

Head of Finance at ALTCO, Messillah, UDFC, & GIA

• Kuwait - Hawali
• August 2018 to November 2022

 Managing Presently 3 companies of FMCG Division & 2 companies for Chain of Restaurant
 A diversified Business Plans and Strategy plans
 Business Acquisition Plans forecasting based on 5 years Plans for Decision Making for Buying
 Brand Acquisition & valuation of the Business a detailed strategy
 Managing Inter Companies Bank Facilities
 Dealing all the major Banks & facilitating the working capital Requirements
 Analysis of Financials & reviewing details reports monthly basis and consolidation for companies at group level
 Bank Mandatory Reports on month basis
 Submitting Business Plans to Top management at group level.
 Weekly Cash flow & movement report
 Quarterly Management Report in comparison with Budget for decision making & better control
 Key Sales Personnel monthly meeting and review the Brand-wise Position VS Budget
 Completing Qtrly Interim Audit and submission of Group Financials with Cash flow
 Presenting Projected Cash flow for existing and new Business Acquisition
 Reviewing monthly AR & AP & meeting with Major Customers
 Yearly Audit completion of all the group & consolidation of Financials
 Banks Yearly requirements & renewals of facilities
 Major Co-op contract review & compliance
 Setting up Internal Control at Operational level
 System Upgrade and reviewing and suggestion for better control
 Monthly GM meeting for reviewing the Business & profitability
 Sales Commission Policy & review
 Operation issues with Warehouse and Logistics & resolving the conflicts
 Reviewing all major contract & approvals
 Yearly Budgeting and submitting the Business Plans to management.
 Setting up the KPI’s and reviewing the same for Team Appraisal & Bonus
 Overall Controlling the team
 Handle the Business on temporary Basis in absence of GM

Head of Finance at Al Bisher united a group of companies.

• Kuwait - Al Kuwait
• November 2013 to July 2018

 Handling Accounts and Finance Department with a team of 12 Staff
 Major Clients are All Co-Ops, All Hypermarkets/Supermarkets and wholesale clients with a turnover of KD 1.4M per month.
 There are more than 210 Coops dealing plus Wholesales Division
 Analysis of Financials & prepare details reports Monthly report a Mandatory
 Prepare Complete monthly Sales, Expenses analysis report
 Providing Various Business Intelligence Report to management for Decision making
 Sales Forecast & comparative analysis brand-wise, category-wise & product profitability
 Inventory ageing Report & Product- wise summary report for high, slow & non-moving items for decision making for liquidation as per the guidelines by Henkel
 Prepare Product- wise profitability of report & also Department wise with details analysis
 Visit Dubai for Henkel Business & strategic planning Qtrly basis
 Reviewing all the Contract & approved for Management approval
 Ratio Analysis & analysis of each SUB for meeting CEO requirements on monthly basis
 Dealing with Key Accounts and Foreign Agencies Henkel, Abido, VLCC etc
 Finalizing the account on quarterly basis as per IFRS ( Interim Accounts) and dealing with KPMG Auditor on regularly basis
 Daily/Weekly/Monthly Cash flow and review
 Recovery Plan & ageing report
 Stock Audit and review
 Core Team member & planner for Implementation of Microsoft Dynamic ERP software
 Policies and procedure for Finance & process flow
 Monthly MIS reporting and review meeting
 Internal Audit dealing and feedback.
 Business Analysis Report monthly basis to submit to Henkel (ROI)
 Monthly P&L & Balance Sheet for Mgt. & Bank
 Fund Mobilization & loan disbursements plan
 Visiting Dubai for client visit and Business Plans & Financial Reports - Henkel & VLCC
 Consolidation of Accounts for Group of Companies.
 Foreign Accounts - a core activity
 CEO Business Requirements - Especially for Sales plus Key Accounts management.
 Sales Team Training - Occasionally plus briefing for Better Reporting - CEO BO requirements

Country Finance Manager - Kuwait at GULMART Retail Trading (BMA International – A Part of GEANT Hyper Market, Fucom & RED

• Kuwait - Al Jahra
• April 2010 to April 2013

Controlling Over All Finance Department/I.T. /HR & Admin
Monthly Reporting, MIS, Projects, Cash Flow etc
Controlling 10 regional offices, Back office & Ware house etc.
With a Turnover of KD 40M (USD 110M)

Finance manager at Takamul Real Estate (Subsidiary of CBI Bank)

• United Arab Emirates - Dubai
• May 2007 to March 2010

 Individually Handling of Entire Accounts and Finance Department
 Finalizing the account on quarterly basis as per IFRS ( Interim Accounts) and dealing with KPMG Auditor on regularly basis
 For consolidating with CBI bank accounts
 Meeting the requirement with Central Bank and submitting reports as per their requirement and rules
 Reviewing various contract and it contents and also doing follow up with clients related to transfer of property, sales Deed, Purchase Agreements and it contents
 Preparing MIS on monthly basis and giving variance reports
 Preparing cash flow to ascertain inflow and out flow and to coordinate with banks for meeting working capital requirement
 Preparing profitability statement report ( covering interest factor, admin cost and other expenses and also transfer, registration and service charges)
 Updating accounts on regular basis
 Doing various follow up with clients for recovery and repayment of loans
 Preparing consolidating property status ( fully paid, partly paid etc )
 Doing follow up with developer on regularly basis to know status of each project to know the investment status and dues thereof
 Meeting the requirement of Internal Audit and setting strong internal control
 Prepared Policies and procedure of company related to Accounts and Finance.
 Reviewing rental status of all property & reviewing various payments of clients as per the terms of contract
 Reconciliation of accounts of CBI bank and TRE (our company) on regularly basis
 Writing various letter and doing follow up with clients related to various issue regarding development, recovery etc. (Mainly client is Emaar Properties, TECOM etc)
 Doing follow up with HR & Admin department regarding various issue of staff
 Project related work of CBI HO and its branches ( as all the Maintenance work is done by TRE including setting up of New branches & maintenance of existing branches )
 Preparing various project report and feasibility report as per GM & Project manager requirements.
 Control the proper flow of funds and regularly analyses of the Interest factor to cover the risk factor associate to individual properly ( as some properties are financed by Bank so risk is there )
 Preparing Board meeting reports on quarterly basis and submit the same to management for decision making whether to sale the property or not and also at what price it should be sale to cover all the expenses ( such as Interest, admin & overheads plus pur/sale transfer/commission etc)

Accounts Manager at Neelam Group of Companies

• United Arab Emirates - Dubai
• January 2005 to May 2007

 Overall Supervision of 26 Branches all over world & Regularly Monitoring the Operational & management level of Retail Fashion Stores
 Visiting Branches Regularly and Implement system and helping to maintain the Online up to date accounts of Retail Garment Shops
 Preparing Cash flow and projected out flow and Reporting to CFO on monthly basis
 Reviewing Month Financials Reports
 Ledger Scrutiny on Monthly basis & giving Debtors/Creditor reports
 Product profitability calculation
 Daily Reconciliation of bank
 Monthly Profit and Loss Account Branch wise
 MIS reports as per Management requirement
 Budgeting to ascertain profitability after
 Solve various issues & also discuss with Sales Department
 Business Analysis & profitability of branch wise
 Checking TT and approval of Order
 Stock updating & monthly report checking and approving
 Discuss with Branches & their problems on day to day basis as per
Their requirement & needs

Regional Auditor – for Maharashtra, Gujarat, Punjab and Southern part of India at ICFAI University

• India - Mumbai
• November 2004 to January 2005

 Internal control set up of 250 centers
 Accounts scrutiny, Budgeting report&Various Capital budgeting scrutiny
 Branches visit on regularly basis
 Consolidation of accounts and MIS report generation for analysis of various actual with budged and reporting to CEO Onmonthly basis of all branches

Assistant Accounts and Finance Manager at LL Equipment Group of Companies

• India - Mumbai
• May 2002 to November 2004

 Finalization of 5 Manufacturing and 7 Trading Companies
 MIS, Cash Flow, Budgeting, Monthly Profit and loss A/c.
 Monthly Budget Report & fund flow management
 Looking Finance related matter and submitting reports about the liquidity position of company
 Stock reports verifying and submitting to banks
 MD personal accounts and other related Income tax matters

Audit Manager at Akbar ally Group

• India - Mumbai
• August 1998 to November 2002

 Entire Internal control of organization and account, stock, Finance, Management audit overall Internal control checking
 Income tax matters, Directors personal accounts scrutiny &their personal affairs.
 Monthly Reporting Variance Analysis, Aiding budget preparation and presentation of report thereof
 Stock Ageing, Sales Reports, and Cost center wise management report.
 Intercompany reconciliation and necessary rectification entry passed and system set up
 Debtors ageing and collection plans for the month