Executive Director
Capital Consultants
Total years of experience :30 years, 8 Months
Advise individuals or organizations if a particular investment avenue is suitable or not for them, based on the particular client’s financial factors, such as income, expenditure, savings, prior investments, and future needs.
Assists the Chairman in devising and implementing Company’s Strategic Plan as well as planning, organizing, staffing,
coordinating and controlling the areas of Regulatory and Management Reporting, System’s Account, Financial Accounting, &
Expense Payments.
(Management Committee Member)
Responsible for all financial aspects of the business strategy and for the flow of accurate financial information to main board and
appropriate external parties. Maintaining the drive and performance of the business at every level to achieve the aspirations of the
company. Working alongside and very closely with the chief Executive to lead the organization.
Responsible for financial leadership and general administration of Company operations, review company market share, ensure
keeping a healthy business growth. Deal with the marketing agency to assist operations to achieve company plan.
Ensure that company is complying with Central Bank of Kuwait (CBK) requirements & regulations. Dealing / communicating with
CBK for all aspects. Representing the company at CBK workshops / meetings.
Achievements to date:
* Devise financial strategy that delivers for the business and to ensure its successful execution through overall leadership and
control of the finance function.
* Contribute fully to the development of company strategy across all areas of the business, challenging assumptions and
decision-making as appropriate and providing financial analysis and guidance on all activities, plans and business drivers.
* Reviewing the company performance periodically with board of directors and head of departments, profitable growth and
general improvement of the health of the business
* Provide strong leadership for the finance function. Providing direction and guidance to members of the finance team
ensuring high levels of motivation and personal development
* Ensure complying with CBK procedures & regulations & with existing internal controls
* Drive continuous improvement in the quality and efficiency of the company’s procedures including financial, operational,
administrative, IT etc.
* Manage the company’s insurance policies and related risk management requirements
* Setting the company KPI’s & Managers KPI’s
* Negotiating major commercial contracts
* Reviewing financial studies on new openings / opportunities and Disposals of financial assets
* Evaluates / reviews individual branch performance. Establishes measures of performance and plans for variances
* Evaluates key management on the execution of programs and provides direction as needed
* Implementation / develop the Incentive scheme for the staff in operations
* Liaise/ coordinate with Western Union for all the projects and opportunities
* Review all formal finance and IT related procedures, processes, and administration, recommending improvements to the
systems in place and managing the systems going forward.
* Implementing a new ERP software for the front and back end with Microsoft
* We are working to go for listing in KSE soon
Providing both Strategic and Operational support to the organization through supervising the finance department at the group head
office and within each business unit (8 subsidiaries in GCC). Liaise with each Business Unit Head on formulating financial strategies;
develop business plans and feasibility studies, monitor the business performance and analyse it to ensure that we are on line with
company targets. Forecasting needs and the securing of new funding
Achievements to date:
* Lead the preparation and accumulation of the financial budgets in line with business plan. Monitor financial performance
versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are
identified, and potential performance improvement opportunities are capitalised upon. Keeping a tight control on project
spending and asking about the reasons for variances and suggesting remedial measures.
* CFO (German and Kuwaiti JV) of one of the projects in UM Qasser in Iraq (berth in Iraq) with a budget of XX Million USD
* Formulation and implementation of Financial and Accounting Policies framework & ensure that it is in line with overall
business strategies
* Leadership: Setting individual objectives, managing performance, developing and motivating staff, provision of formal and
informal feedback and appraisal. Provide career direction, progression and coaching to finance staff in the business.
Identifies & develops high potential employees for succession planning.
* Provide advice to the Executive Management Team, concerning the short term and long-term capital structuring of the
business. Managing business growth by being responsible for P&L and positive cash flows for the business in local and
international markets
* Develop a cost control and compliance functions with budgets resulting in targeted cost reduction. Risk assessment and
Resource optimization in line with Business Plans, Budgets, and Monthly Financial results. Monitoring of Business
Performance. Review of legal contracts. Establishing pricing strategies
* Create and implement appropriate financial controls, systems, and processes, internally and externally to have an effective
financial controls environment.
* Relationships - Maintain and develop excellent working relationship with the internal and external parties.
• Co-operate with external auditors to successfully perform the annual statutory audit
• Work in close coordination with IT department for the selection and implementation of ERP system (ORACLE),
ensure timely data entry and data integrity, and realization of checks & balances through aggressive monitoring
of financial report
Has overall control and responsibility for all financial aspects of company strategy and is expected to analyze figures and implement
recommendations based on these findings, with the most profitable outcomes. Often managing and leading a team through difficult
periods including month end, year end and annual budgeting.
Achievements to date:
* Ensure compliance with local reporting requirements and the International Accounting Standards
* Provide leadership to the Board's Finance and Accounting strategy, to optimize the company’s financial performance and
strategic position
* Managing the strategic plans / annual operating plans & financial planning Process, provide financial expertise to the other
departments to drive the completion of balanced and achievable plans
* Monthly and Quarterly statutory and statistical submissions provide periodical business review and conduct ad hoc financial
analysis required to solve issues that can have a high impact on the organization's ability to drive profits.
* Implementation and maintenance of the company policies and procedures, and controls
* Provide management, shareholders and external auditors with a transparent view of the current and future profitability and
funding needs
* Analyse financial statements to pinpoint potential weak areas & propose the necessary actions.
* Discuss and negotiate financial requirement with credit institutions in coordination with executive management
* Preparation of the financial modules for cash flows and financial studies
* Providing marketing evaluation for pre post marketing activities on timely manner.
* Effectively manage the Company’s costing system to identify direct material yields/wastage, cost overruns and actively
identify opportunities to reduce production costs
* Develop detailed monthly reports for VC, BOD and Executive Committee. Analyse main cost drivers and variances, and
review for potential cost optimization or reduction. Financials and reports on a monthly basis.
* Set-up annual objectives for the Costing Manager Continue to develop the talents and abilities of direct reports and other
subordinates and ensure agreed development plans, and training are complied with
* ERP Implementations (SAP).
* Managing a team of 32 employees and a budget of over XXX Million USD
Responsible for organising, control, and consolidate the company’s financial and accounting records; prepare consolidated statements
and analyse variances. Participating in the start-up of the company & preparation of the company policies & procedures.
Achievements to date:
* Manage and review the preparation and process of monthly payroll and the adherence for compliance of procedures applied
to local staff and expatriates staff in accordance to local and regional polices
* Watch closely all financial targets. Monitor working capital requirements. Review with SC all inventory coverage and
replenishments limit (MRP). Come-up with action plan to decrease inventory levels gradually.
* Managing the Company’s costing system to identify direct material yields/wastage, cost overruns and actively identify
opportunities to reduce production costs in coordination with Operation Finance.
* Co-operate with external auditors to successfully perform the annual statutory audit; review and approve annual tax return
* The preparation of Short and Long Terms Cash Flow Forecast
* Maintain strong relationships with banks, auditors, tax inspectors
* The preparation of quarterly financial and management reporting & post it on HFM (Hyperion)
* Implementation and maintenance of the company policies and procedures, and controls for the cost efficient purchase of
materials and services
* Managing a team of 22 employees and a budget of over XXX Million USD
Key role in the formulation of strategic plans for the unit to ensure growth meets key targets
* Timely and meaningful weekly, monthly, quarterly, annual financial reporting & financial analysis in the level of detail
required by each internal and external user
* Effective cash flow management. Focus areas will include: capital efficiency management (working capital minimization
and control; capex financial control management; capital employed barometers and strategies
* Ensuring effective compliance with policies and procedures & country regulations
* Ensure timely implementation of all financial transactions within the respective project and maintain high levels of financial
control.
* Effectively manage the Company’s costing system to identify direct & indirect cost& opportunities to reduce construction
costs
* Report any variances per project with regards to budget (BOQ) and the actual results to the GM to ensure the achievement of
the project financial goals.
* Oversee all purchasing and payroll activity for staff and participants.
* Develop and maintain systems of internal controls to safeguard financial assets of the
Responsible for auditing the companies in order to issue accurate Financial statements according to IAS.
Achievements to date:
* Performing audit fieldwork on Financial Statements components
* Banks
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