Chief Financial Officer
NAHDA MODERN CO LLC
Total years of experience :15 years, 2 Months
Executive Cadre post directly managing the following departments of the company;
* Finance, Banking & Audit
* Accounts & Payables
* ERP &Networking
* Inventory Control
* Internal Control & Inspection
* IS Security, Automation and E Commerce
Responsible for communication of business performance and facts within the intended audience.
Supervising business budgeting, accounts, auditing and payroll.
Ensuring processes that have a direct linkage with costs or revenues are carried out in line with the latest regulatory standards and are efficient.
Supervision of business structuring, Internal controls, optimization and financial forecasting.
Evaluating and managing risks, cash flow management and debt management.
Fully Revamped the Compliance Department and the methods by which the Company handled Anti-Money Laundering (“AML”) issues hither to.
Actively engaged in AML advisory support to the Exchange Company and assisted promptly in handling enquiries from the law enforcement/regulatory authorities in Sultanate of Oman.
Effectively communicated and coordinated with relevant departments on AML related issues which in turn strengthened the AML compliance regime of the company.
Kick Started effective internal anti-money laundering training sessions and formulated training material which has got special appreciation from our regulator.
Restructured the AML functions on an on-going basis, including detection / reporting of suspicious transactions and activities which boosted the number of quality STRs filed.
Instrumental in developing and overseeing control systems to prevent or deal with violations of legal guidelines and internal policies and evaluate the efficiency of controls and improve them continuously.
Slashed the number of non-conformity issues by revising procedures, practices, reports, formats etc. periodically in line with industry best practice.
Redrafted the AML policy of the company to AML/CTF policy 2017 as per the new Royal Decree 30/2016 and pragmatically involved in modifying and implementing various company policies.
Assessed the business’s future ventures to identify possible compliance risks there by safeguarding the company from any reputational, legal and financial risk.
Reviewed and supported the work of colleagues when necessary to identify compliance issues and provide timely advice.
Keep abreast of regulatory developments within or outside of the company as well as evolving best practices in compliance control so that the Top Executives have a great appreciation of the current situation.
Formulated reports for senior management and external regulatory bodies as appropriate.
Instrumental in implementing ISO 9001:2015 standards in the company which has got special appreciation from our regulator being the second exchange company to receive the same.
Actively engaged in assisting the Financial Centre Head in undertaking micro marketing events to promote sales and continuously list more and more companies in the target market list.
Scheduled meetings and interview with individual and business customers, discussing their financial requirements, and providing appropriate financial advice, there by promoting company products.
Ensured that the sales strategy is in line with compliance policies with regards to operational, financial and regulatory risks while the targets are met successfully.
Liaising with Operations Manager in delivering superior service and building long-term relationships.
Overseeing all the aspects of loan sanctioning & processing, appraised credit proposals and scrutinized relevant documents before disbursing the loan, ensuring compliance with organizational loan policies, KYC/ AML guidelines. (Housing Loans, Vehicle Loans, Personal Loans, Educational Loans, SME and Corporate Loans)
Achieved Quarterly and yearly targets by devising and implementing new business development strategies.
Successfully led a corporate loan project worth 780 Million INR with a project cost of 1800 million.
Secured 2nd position in Car Loan Campaign conducted by the Bank among 86 branches.
Got A+ rating (Low Risk) in the Audit conducted at the bank.
Effectively assisted and reported to the Deputy General Manager in planning and developing the strategies for tapping and developing new business segments and geographical areas to generate business opportunities.
Worked as second man to the Branch Manager in branch with a business of 300 Million INR.
Involved in all the aspects of NPA recovery including monitoring and follow-up.
Responsible for internal control, bottom line management, and reporting to the controlling office.
Effectively handled credit proposals, non-performing asset (NPA) management and their documentation.
Referred new customers to the organisation, performing customer relationship management and cross-selling financial products such as mutual funds, insurance and bank’s asset & liabilities.
Conducted pre and post sanction surveys and reported to the Branch and Regional Manager.
Acquired new customers and achieved larger share of the existing customer’s wallet.
Tracked performance of the team and reported to the Branch and Area manager.
Involved in recruitment, training & development of Insurance Advisors.
Anti Money Laundering Know your Customer
Principles and Practices of Banking Accounting and Finance for Bankers Legal and Regulatory Aspects of Banking
Finance Marketing
Physics Chemistry Mathematics