Finance Manager
Saudi Arabian Parsons Limited
مجموع سنوات الخبرة :21 years, 0 أشهر
Supervise fourteen member team and report to Program Director of Ministry of Housing Project while managing the finances for one of the biggest housing projects under one umbrella (108, 000 housing units at 15 different project sites) which is also Parsons’ biggest Project.
Achievements
•Achieved the Business Plan results for the years 2013 - 2017 by implementing better controls and collaborating with respective PMs and other stakeholders for Parsons
•Developed the management accounting and cost control system for a new 'Mega' program in a high pressure and volatile environment for Parsons
•Developed finance team at program level while training and coaching eleven cost accountants/engineers during tenure with Saudi Arabian Parsons Limited.
•Successful completion of 23 projects within budget (setup to completion) of SAR 1.6 billion (USD 426 million)
Responsibilities
•Supervising preparation of project budgets and ensure projects are executed within budgetary constraints
•Preparing forecasts used to make strategic decisions and control costs
•Preparing monthly financial reports and participating in review meetings at region level (MEA)
•Ensuring the accuracy of the organization’s financial results and reports
•Ensuring that financial reports comply with current accounting principles and financial reporting standards
•Collaborating with project managers and cost accountants at the site to control costs.
•Managing monthly billing cycle and expedite the collection of outstanding account receivables
•Managing cash flow by tracking transactions and regularly reviewing internal reports
•Developed and implemented accounting policies and procedures related to cost control, procurement, and budgeting.
•Created an organizational structure within the department to facilitate the achievement of the department’s short-term goals and long-term objectives
•Collaborating with external and Internal Auditors
•Attending the quarterly review meetings with corporate & regional management
•Preparing the different financial reports for management to take strategic decisions i.e. discount to the customer, Pricing for new proposals, an extension of projects etc.
•Risk Management of Projects - Identification, Mitigation Plan, and Monitoring
•Complying with all local tax requirements
Subsidiaries of UAE based world’s largest real estate developers and a FT 500 listed Emaar PJSC
Supervise nine-member team of professionals and four-member IT, team, while reporting directly to Chief Financial Controller of Emaar International and Chief Executive Officer of Emaar Pakistan.
Achievements
• Negotiated over $77 million in financing from numerous local and international banks under difficult economic conditions. At the same time created the interest savings by better negotiations.
• Led finance team and completed Global Oracle Financial Instance (AP, AR, GL, CM, FA, Project costing) implementation with KPMG in record-setting six-month time period
• Composed Company’s Policies & Procedures as head of BPM team and implemented successfully
• Recruited credentialed financial professionals to join a team which grew from three members to thirteen members under my leadership.
Responsibilities
• Negotiated financial arrangements (traditional and Islamic) with banks for company’s existing and new facilities
• Managed cash flow by tracking transactions and regularly reviewing internal reports
• Prepared projections for banks and management team which were the basis for critical strategic decisions
• Scheduled timely payments for debt repayment
• Overseeing accounting operations of the Emaar DHA Islamabad Limited and Emaar Giga Karachi Limited
• Produced monthly, quarterly and annual Financial Statements for management and statutory requirements
• Ensured the accuracy of the organization’s financial results and reports
• Ensured that financial reports comply with current accounting principles and financial reporting standards
• Maintained an adequate system of budgets and controls created to mitigate risk
• Analyzed capital investments, contract negotiations, feasibilities, customer discounts, and pricing decisions
• Led the due diligence and company valuation of both companies
• Complied with all local, and federal tax filings and reporting requirements
• Created an organizational structure within the accounting department to facilitate the achievement of the department’s short-term goals and long-term objectives
• Collaborating with external and Internal Auditors
• Developed and implemented financial procedures and internal controls in adherence with corporate policies
• Liaise with corporate tax consultant on various tax issues, including company’s annual returns.
• Attending the Board of Directors and other committees meetings
• Joint approving authority with CEO under Authority of Matrix
• Attending the monthly review meetings with corporate & regional management
Supervised five-member team while reporting to Manager Inventory and Senior Manager Finance.
Achievements
•Designed and implemented new costing system which featured job order costing, processing costing, work in progress updated status and material planning for Pak Elektron Limited. Two divisions, Power, and Appliances, with more than ten product lines
•Projections for TFC rating from PACRA and Potential Investors this help the Pak Elektron Limited to achieve the strategic goals
Responsibilities
•Constructed data accumulation systems for a cost accounting system
•Created and reviewed the controls needed for data accumulation and reporting systems
•Analyzing actual manufacturing costs and coordinating in finalization of monthly financial statements
•Reporting on periodic variances and their causes, focusing in particular on material, labor variances
•Analyzing of costs and recommending the cost control techniques
•Preparing management reports on wastage, production reconciliations, abnormal loss
•Making estimates of new and proposed product costs
•Providing management with reports specifying and comparing factors affecting prices and profitability of products.
•Preparing the product costing budgets for Annual Business Plan, and monthly analyzing the budget variance
•Managed material planning by coordinating with production personnel for local and imported goods
•Coordinated physical inventory counts and cycle counts
•Maintained the inventory optimum level to meet the production requirements
•Prepared projections for external investors and management team to make strategic decisions
•Created an organizational structure within the costing department to facilitate the achievement of the department’s short-term goals and long-term objectives
•Collaborating with external and Internal Auditors
Supervised two member finance team and administrative staff while reporting to Group Chief Financial Officer.
Achievements
•Implemented JD Edwards Distribution System seamlessly with Abu Dhabi Asphalt & Lubricants Co., LLC which was pilot company for ERP implementation.
•Recovered account receivables, some of which had been outstanding in excess of three years, totaling AED 12million by applying a variety of clever recovery tactics and methods.
Responsibilities
•Prepared monthly and annual financial and statutory reports
•Analyzed cash flow position of the company and subsequently performed payment functions while maintaining relationships with various banks.
•Managed sales functions and sales invoice issues with JD Edwards Distribution System.
•Determined credit limits for customers. Collected account receivables from external and intercompany customers.
•Oversaw procurement function while maintaining accurate records using JD Edwards Accounts Payable System.
•Decided product pricing, including intercompany pricing.
Chartered Accountant
Accounting , Finance , Taxation , Business Management