Finance Manager
Khidmah LLC
مجموع سنوات الخبرة :30 years, 0 أشهر
The company belongs to the Aldar Group group of companies. Aldar is one of the largest developers in the Middle East and North Africa region with over USD 12 Billion of assets.
Key Responsibilities:
• Report the financial status of the group to the Chief Officers, the Board and the shareholders, prepare monthly management information reports to relevant stakeholders.
• Supervise the accounting function, monitor the monthly closing cycle, produce quarterly audited consolidated financial statements, continuously improve internal control.
• Manage the group treasury function by monitoring the daily liquidity, credit control and accounts receivables/payables ageing (full working capital cycle). Manage issuance of performance bonds and bank guarantees.
• Supervise the budget planning function and lead the annual budget process. Recommend measures for cost control, follow-up on major variances.
• Maintain professional relationships with shareholders, local financial institutions, external auditors and external consultants.
• Manage a team of finance professionals, including financial controllers, senior accountants, supervisors and assistant accountants. Maintain a high level of engagement and professionalism.
Designation Chronology:
• Mar 2011 - July 2014 : Finance Manager (reporting to the CFO)
The company belongs to the Qatar Petroleum (QP) group of companies. QAFCO is one of the world largest producers of ammonia and urea.
Key Responsibilities:
• Prepare financial reporting towards Chief Officers, the Board and Qatar Petroleum.
• Supervise the accounting function covering the monthly closing cycle, balance sheet reconciliation producing the annual consolidated financial statements.
• Manage the group treasury function by monitoring the daily liquidity, the foreign exchange hedging activity, credit control and accounts receivables/payables ageing (full working capital cycle).
• Implement financial group policies and procedures (i.e. governance, risk management, accounting, treasury, tax) ensuring proper internal control. Implement the Delegation of Authority matrix.
• Implement change management by fully automating the Procure to Pay, Order to Cash processes in the accounts department. Work closely with the supply chain department ensuring full process integration.
• Recruit, train and manage a team of finance professionals, including senior accountants, supervisors and junior accountants. Implement individual development plans and organize training. Maintain a high level of engagement and professionalism.
The company is part of the ADNOC group of companies. The company is a leading, innovative provider of plastics solutions based on polyethylene (PE) and polypropylene (PP).
Designation Chronology:
• Jul 2008 - Mar 2011: Financial Controller / Senior Advisor
• Oct 1999 - Jul 2008: Working Capital & Credit Manager
• May 1994 - Oct 1999: Treasury Manager.
Key Responsibilities as Financial Controller / Senior Advisor (Jul 2008 - Mar 2011):
• Handling month-end closing; supervising the accounting function; producing balance sheets and P&L statements
• Designing annual budget guidelines to optimize project cash flows, managing working capital requirements, re-organizing processes for optimal utilization of financial structures for the organization
• Leading the development and implementation of financial, risk and accounting policies, procedures and guidelines to ensure smooth cash flow as well as streamlining budgets and implementing stringent expense guidelines
• Assisting the department in generation of budget, financial reports, board information reports as well as statutory accounts to ensure smooth execution of work
• Served as senior advisor in planning and board advisory committees and appropriately recommended the senior management for further financial improvements
Key Responsibilities as Working Capital & Credit Manager (Oct 1999 - Jul 2008):
• Played a pivotal role in optimizing working capital for the organization resulting in outstanding performance from all other competitor saving of $ 0.2 Billion
• Instrumental in handling the credit management for the organization of accounts receivable portfolio worth 0.5 Billion
• Developed and implemented effective financial models and working capital function for driving growth in conjunction with the organizational goals and objectives
• Handled and supervised asset refinancing, which provides a substantial injection of cash and can be used to purchase new assets or to reduce or consolidate existing borrowing
• Maintained professional relationships with other polyolefin and base chemical business units to enhance image/reputation as well as to create a positive attitude towards the company
• Supervised and managed a team of 8 members and developed a strong motivated team with positive attitude and encouraged their professional development through regular training programs
Key Responsibilities as Treasury Manager (May 1994 - Oct 1999):
• Played a crucial role in executing centralized pool account structure with the Citibank
• Directed the treasury operations including liquidity, investment strategies, to maintain a strong financial position. Assessed risk associated with transactions
• Designed and executed treasury management system as well as corporate financial guidelines to ensure smooth execution of workflow within the given time constraints
• Led and mentored a cross-discipline team that importantly handled the foreign and interest risk management of the company
Previous Professional Experiences:
• Oct 1989 - May 1994: Assistant Treasury Manager, General Motors, Brussels, Belgium
• Jul 1986 - Oct 1989: Assistant Treasurer, JP Morgan, Brussels, Belgium