Finance Director
KBBO Group
مجموع سنوات الخبرة :20 years, 7 أشهر
• Coordinated efficient monthly financial consolidation for group companies.
• Guided restructuring and digitalization initiatives across diverse subsidiaries within the Education and Consumer Packaged Goods (CPG) units during the COVID-19 pandemic.
• Directed numerous Due Diligence exercises and exit deals within the Education and transportation portfolios, surpassing targeted 6X-8X EBITDA.
• Supervised the Treasury Function and identified opportunities for early debt payment and internal re-financing, resulting in an annual AED 2mn savings in debt service cost.
• Spearheaded the deployment of the Power BI reporting tool.
• Formulated comprehensive Business Plans for the conglomerate, providing strategic guidance to portfolio companies to ensure alignment with HO exit strategies.
• Customized payment plans with precision, revitalizing Accounts Receivable (AR) collections and substantially reducing the average collection time from 150+ days to approximately 75 days across multiple subsidiaries.
• Facilitated seamless launch of various assets in the UAE & Morocco, contributing significantly to enhanced asset utilization ratios.
• Mentored the accounting operations spanning EDC subsidiaries and investments in Real Estate and Training Services.
• Streamlined and accelerated the implementation of Ms Dynamics AX, completing and go-live within an impressive six-month timeframe.
• Instrumentally allocated cash surpluses, averaging AED 350 million, into short to medium-term deposits, yielding maximized returns on investments.
• Ensured punctual submission of quarterly filings for the Abu Dhabi Securities Exchange (ADX) and adeptly monitored stock movements.
• Developed and maintained financial models to support process reengineering initiatives, thus achieving 15% reduction in the average per-student training duration.
• Led the annual budget exercise and implemented budget controls in ERP system streamlining expenditure processing and enhancing goal congruence.
• Led Finance & Accounts Operations, including internal control, treasury operations, annual budgeting, audits, and statutory compliance.
• Presented monthly consolidated financial statements and MIS packages to the Investors' Committee and Board of Directors.
• Proactively executed numerous SWAP deals to hedge against Euro currency fluctuations, effectively safeguarding an average balance of €1.5 million.
• Optimized Accounts Payable (AP) and Accounts Receivable (AR) terms, strategically trimming the Cash Conversion Cycle from 305 to 175 days within a two-year timeframe.
• Successfully secured credit lines totaling AED 650 million with financial institutions.
• Provided strategic counsel on sales and pricing strategies for overseas offices, resulting in the triumphant acquisition of multi-year, multi-million Euro deals and showcasing expertise in international business expansion.
• Managed financial, operational, and legal carve-out and restructuring from the parent company (ENPI) by acting as the focal point for contractual & legal matters.
• Conducted cost analysis that attained a 20% reduction in customer service & logistics costs by establishing qualitative and quantitative minimum order criteria.
• Restructured and improved the financial management and reporting system.
• Conceptualized & implemented a responsive pricing tool, enabling prompt responses to ad-hoc sales requests.
• Established a comprehensive costing system with efficient cost drivers for all company products enabling market penetration plans into new segments.
• Introduced hypervariable cost-based "marginal pricing, " resulting in increased sales and brand recognition.
• Generated monthly management reports and provided insights into financial performance.
• Implemented rigorous financial, internal, and quality controls, resulting in the attainment of HACCP certification.
• Executed annual and quarterly budgets, optimizing financial planning and formulating cross-departmental KPIs for enhanced performance management.
• Secured AED 100mn financing for the expansion project by conducting a comprehensive feasibility study.
• Managed various banking facilities (LCs, LGs, and OD) independently, ensuring optimal utilization to support business growth.