Mazahir Tass

• Implemented Oracle Symphony POS and My Inventory, fully integrated with Microsoft AX across all 10 locations, establishing
real-time stock visibility and financial reporting.
• Reduced inventory variance from 4.0% to 1.5% of sales by redesigning the business process for stock reconciliation and
variance analysis.
• Spearheaded crisis management during Covid-19: optimized location footprint and restructured resources, minimizing
operational losses to the lowest achievable level.
• Introduced rolling quarterly budgeting model, enabling dynamic scenario planning and more responsive cost control.
• Manage finance team of 9 staff across 5 locations, overseeing AR, AP, GL, Fixed Assets, and Cash & Bank modules.
• Maintain relationships with external auditors, banking partners, and shareholders; deliver board-level management accounts
within 4 working days of month-end.

Leading GCC telecom & networking solutions provider with offices in Kuwait, UAE, Bahrain, Oman, Qatar, and Iraq.
• Led Microsoft AX ERP implementation across 5 GCC countries (Oman, UAE, Kuwait, Qatar, Bahrain), standardizing financial
operations group-wide.
• Renegotiated a loss-making DU (UAE) infrastructure project, increasing monthly revenue from AED 845K to AED 1.2mn — an
annualized gain of AED 4.8mn.
• Recovered USD 1.0mn in aged receivables (outstanding since 2012) from Huawei Bahrain through structured follow-up and
commercial negotiation.
• Transformed manual billing to fully automated AX Project Management module, resulting in a 90-day improvement in cash
collection cycle.
• Implemented UAE VAT in compliance with Federal Tax Authority requirements; managed ongoing audit readiness.
• Led feasibility study for new Oman operations and managed closure of offices in Qatar, Oman, Iraq, and Dubai during
business model transition.

Mar 2013 - Aug 2014: Finance Manager (Final Touches Company) Furniture and Furnishing Company with presence in Qatar, Oman, Dammam, China, Riyadh and Lebanon.
Brief Job Profile Includes:
• • Implementation of ERP system - Microsoft Dynamic implemented.
• Implementation of Policies and Procedure
• Management information system
• Financial analysis and planning
• Investment decisions - As the company is in process of GCC expansion.
• Funding decisions and capital structure.
• Financial resources management and Restructuring.
• Maintain Relationship with external parties like banks, Auditors and Partners

Jun 2006 till Feb 2013 Financial Controller, (Accounts, Finance, Treasury, HR, IT & Administration) with Mustafa Karam & Sons Co., ( Rental and leasing business of over 6000 units and Suzuki Distributors - Turnover of Company over USD 100Mn )
Brief Job Profile Includes:

Debt Restructuring
• Successfully restructured the capital structure resulting in better utilization of funds and reduction in borrowing cost of company by over KD 250, 000/-.
Business Strategy - Development, Implementation & Control, Strategic Tools
• Defined and developed KPIs and budgets for operational units and implemented necessary control for effective monitor and control.
• Increase Overall Revenue from KD 15.00 mn to KD 20.00 mn in 2 years as cost of operation reduced and resulted in better pricing for customer.
• Participating in marketing activities such as deciding the target markets, need of the segment, product development, Pricing and other product promotion related issues.
Cost Control & reduction in Overhead Cost with Cost Vs Benefit Analysis
• Performed a detail statistical analysis for the Insurance of vehicle which resulted in saving of KD 250, 000/- yearly.
• Reduced Maintenance cost of vehicles by KD 2 per month for over 6000 units.
• Reduced Inventory by implementing Stock policy and Monitoring of fast moving stock.
Formulate Policies & Procedures to ensure better customer satisfaction and control
• Developed incentive schemes to ensure company objectives are achieved with highest level of employee satisfaction.
• Credit escalation policy, Credit Limit and other policies implemented.
Treasury Management & Bank Administration
• Liaison with banks in regards to Letter of Credit, Letter of Guarantee, Foreign currency purchases.
• Monitoring of Bank accounts to ensure all balance are within the approved financial facilities.
• Ensuring proper allocation of business to all banks in order to maintain healthy relationship.
Management Reporting, Cost benefit Analysis
• Supervising a team of 20 subordinates, and coordinating and assisting division managers.
• Monthly management reporting with recommendation for corrective action taking into consideration the current achievements in regards to internal and external factors.
Interact with External Auditors & Consultants
• To ensure timely completion of audited financial and to provide necessary assistance to the external parties.
June 2005 - May 2006 Finance Manager, With Human Soft Holding CO.,
(Listed on Kuwait Stock Exchange, it provides Educational services, IT Consultancy, HR Recruitment, Training & Placement Services for Kuwaiti Nationals & Investment across Middle-east)
Business Strategy - Development, Implementation & Control
• Development of Detail Regional Business Plan for location in Dubai, Abu Dhabi, Qatar & Kuwait
• Preparing of BEP analysis & Business Models for establishment of new location.
Systems & Procedure Development
• Hand on Performance soft - PBViews (Corporate Management System) to monitor KPI’s.
• Implemented Microsoft Great Plains Solution and coordinating with IT staff in terms of setting up of the operational process, and accounting concepts.
Accounting & Finance
• Finalization of monthly accounts in line with IAS & IFRS.
• Capitalization of Initial Product development and Opening of new location.
• Receivable management and Provision Policy

With M/s HumanSoft Holding Company
(List on Kuwait Stock Exchange, it provides Educational services, IT Consultancy, HR Recruitment, Training & Placement Services for Kuwaiti Nationals & Investment)

Business Strategy, Planning & Execution

● Development of Detail Regional Business Plan for location in Dubai, Abu Dhabi, Qatar & Kuwait
● Monitoring of the results and suggesting appropriate action plan to resolve variances if any.
●Preparing of BEP analysis, & Business Models for establishment of new location.
●Coordinating regionally with the respective centre head and discussing the strategy of execution.
●Participating in marketing activities such as deciding the target markets, need of the segment, product development, Pricing and other product promotion related issues.
●Project Management to ensure task and resources are moving in the same direction.
●Development of Incentive Schemes, People & Team Management across region.


Systems & Procedure Development

●Currently working on Performancesoft - PBViews (Corporate Management System) to monitor Key Performance Indicators.
●Implemented Microsoft Great Plains Solution and coordinating with IT staff in terms of setting up of the operational process, and accounting concepts.
●Identification of Key Performance Indicator, suggesting suitable measurement parameter & setting up of information portal for quick & up to date information for management.

●Preparing User manuals and system procedure & process notes.

Accounting & Finance

●Monthly review of books of accounts and suggesting remedial actions.

●Capitalization of costs.

• Built a credit scoring model using historical data for a consumer finance portfolio of 30, 000+ customers with a USD 150mn
asset base, significantly accelerating the credit approval process.
• Played a key role in integrating the consumer finance system with financial accounts, payment processing, and auto
escalation of receivables.
• Managed foreign currency purchasing and LC negotiation with international suppliers.

(Dealers for Toyota Motor Corporation, Japan in Kuwait)
Business Strategy, Planning, Budgeting and Forecasting
•Alignment of short - term goal with long - term strategic goals ( Budget with Balanced Scorecard).
•Involved in designing and implementation of Balance Scorecard (Strategic Management Tool) across Al - Sayer Group since Jan 2001.
•The company has 24 business units and hence has about 24 scorecards, all of which are aligned to one group mission and strategies.
Treasury Management
•Designed, implemented and maintenance of Treasury Management reporting system, which facilitates in decision making for purchase of foreign currencies, about USD 250 m per annum for import payment.
•Negotiation and management of bank accounts and loan facilities.
Management Reporting
•Preparation, Presentation and Interpretation of regular management accounts and related reports such as Board reports, key ratios.
•Comparison of actual performance with budget, forecast; analysis and interpretation of varainces.
Information Management, System & Procedure Development
•Played a key role in implementation of Consumer Finance System.
•Key member in implementation of Civil Soft Payroll System. The system is developed by Civil Soft, Dubai and enables ease in personnel management.
•Assisted Peers in implementation of Vehicle Management System, Accounts Receivable and Payable System.
•Designed and implemented trade credit commission schemes for various Al - Sayer group companies, which facilitated in better trade credit management control and collection.
•Played key role in implementation of Fixed Asset Tracking System.
•Identified areas where manual work could be replaced by effective systems. Reduced 2 working days manual job to ½ working days effective control system work.

SPECIAL PROJECTS:
•Key member in the Design and Implementation of Bonus 2001 and 2002 for Al - Sayer employees.
•Capital Budgeting - Pay back period analysis for a new location opening.