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Mohamed Shifan Mohamed Lafirul Madani, Business Head and Group Chief Finance Officer

Mohamed Shifan Mohamed Lafirul Madani

Business Head and Group Chief Finance Officer·Dubai Auto Gallery LLC

United Arab Emirates

Bachelor's degree, ACA, ACMA, B.Sc (Accounting)

Work experience

Total years of experience: 21 years, 9 months

Business Head and Group Chief Finance Officer

September 2011 - Present

Dubai Auto Gallery LLC

Dubai, United Arab Emirates

September 2011 - Present

• Established business in 7 countries as market leaders in 4
• Significantly boosted market share through initiatives like retail finance scheme, extensive engagement with the channel, BTL activities
• Annual savings of USD 3+ M: Negotiated with shipping lines, creation of bonded warehouse, duty remission approvals and truckers, tax planning
• Save reduce claim amount by 95% and settled the case, despite the first ruling not being in the company’s favour
• Led a team of 7 country managers and 6 departmental heads while reporting to the Board of Directors
• Implementing strategies & corrective actions for product, channel, pricing, promotion & after sales service/targets
o Market share: DRC (30% to 42%), Kenya (24% to 40%), Uganda (80% to 92%), Liberia (20% to 60%), Rwanda (20% to 40%)
• Reviewing existing operations including procurement, inbound logistics, warehousing, assembly operation & distribution to increase efficiency and reduce cost by USD 1 M YoY
• Reviewing operating cashflow and financial statements to optimize working and profitability through corrective actions
• Reviewing the design and implementation plan of new ERP and upgrade to existing ERP
• Negotiating with banks & insurance agencies to save USD 200k YoY
• Negotiating with Revenue Authorities of respective countries for tax audit findings and reduced penalties by 50% - 90%
• Played a key role in ensuring the provision of precautionary measures to retain the team and safeguard the health of the team during Ebola virus

Company industry:
Automotive Dealership & Distributor
Job role:
Management

General Manager Finance

August 2007 - August 2011

Damco East Africa

Uganda

August 2007 - August 2011

• Boosted the import volumes by 100% within 12 months
• Boosted export volumes by 80% within 6 months
• Enhanced operational efficiency to reduce delivery time
• Enhanced client satisfaction by improving service delivery
• Leading Sales to deliver target and boost business volume
• Obtained approval to commence business operation in Djibouti
• Uninterruptedly continued logistical operation in Kenya, despite the implementation of the law which prevented the operation of vessel operator, shipping agency and logistics companies with common shareholding
• Maintained a <30 days DSO for the cluster
• Regularly reviewed trade receivables to ensure smooth working capital management and avoid bad debts of USD 450k
• Recovered USD 100, 000 from Kenya Revenue Authority in relation to a payment made 5 years back on behalf of a client on a consignment which was exempt from taxes
• Optimized workflow and profitability through corrective actions
• Managed to break the cartel of truckers who wanted to increase the rate by 50% by restricting the supply.
• Through creation of multiple reliable suppliers, ensured annual saving of USD 1 mill and increased the companies negotiating power

Company industry:
Shipping
Job role:
Accounting and Auditing

Accountant Reporting and Treasury Management

October 2004 - August 2007

David Pieris Motor Company

Sri Lanka

October 2004 - August 2007

Working Capital and Treasury Management

Budgetary Control

Reporting and presentation

Implementation of New Systems and Upgrades

Company industry:
Retail & Wholesale
Job role:
Accounting and Auditing

Education

Chartered Institute of Management Accountants UK

December 2004

December 2004

Bachelor's degree, ACA, ACMA, B.Sc (Accounting)

United Kingdom

Institute of Chartered Accountants of Sri Lanka

April 2004

April 2004

Bachelor's degree

Sri Lanka

University of Sri Jayawardenepura

September 2003

September 2003

Bachelor's degree, Accounting

Sri Lanka

GPA (percentage): 88%

GPA (percentage): 88%

Skills

Accounting

Expert

Finance

Expert

Governance

Expert

Corporate Governance

Expert

Reporting

Expert

Team Leadership & Support

Expert

Channel & Market Strategy

Expert

Audit

Expert

Operational Setup

Expert

Working Capital Management

Expert

Market Analysis

Expert

System Management

Expert

Tax Management

Expert

Budgetary Control

Expert

Stakeholder Management

Expert

Performance Management

Expert

Accounting

Expert

Finance

Expert

Governance

Expert

Corporate Governance

Expert

Reporting

Expert

Languages

English

Expert