Group CFO
Alpha Dhabi Holding PJSC
Total years of experience :18 years, 3 Months
Manage corporate governance structure and financial management activities, including preparation of
financial plans, managing the preparing of financial statements and reports with accordance of IAS & IFRS.
manage group’s business plan including the strategic merger & acquisitions. enhancing the processes and
procedures.
Key Contributions:
Participate in business plans and listing prospectus including organic and non-organic growth
strategy.
Drive the company’s financial planning.
Perform risk management by analysing the organization’s liabilities and investments.
Participate in decision making on investment strategies by considering cash and liquidity risks.
Control and evaluate the organization’s fundraising plans and capital structure.
Ensure cash flow is appropriate for the organization’s operations.
Supervise all finance personnel (controllers, treasurers etc.)
Manage banks, auditors, consultants, and vendor relationships.
Prepare reliable current and forecasting reports.
Set up and oversee the company’s finance IT system.
Drive the ERP and EPM systems implementations.
Ensure compliance with the law and company’s policies.
Manage team of financial controllers and financial analysts.
Controlling financial management activities, including preparation of financial statements, reports and plans,
with accordance of IFRS and IAS. Design, execute, and manage group’s business controls, plans enhancing
the processes and procedures.
Key Contributions:
Prepared a full business plan and listing prospectus including organic and non-organic growth strategy.
Prepared and Executed the listing process and liaising with all stakeholders.
Critically assessed feasibility of investment, including the due diligence engagements management.
Implemented the full consolidation and reporting among the Group entities (from 8 entities: 2020 to
150+ entities: 2022)
Full review of policies and procedures aiming for best practises and synergy mainly the corporate
governance framework of the Group.
Tax strategy management, FP&A.
Abu Dhabi Land General Contracting LLC, UAE
Group CFO, 10/2019 - Present
Direct overall corporate governance and financial management activities, including aiding top management in devising financial plans, preparing and submitting quarterly/annually financial statements, and drafting monthly financial reports. Design, execute, and manage group’s various businesses budget monthly to meet company’s goals within the constraints. Spearhead overall operational processes and procedures along with applying cost reduction initiatives. Identify key areas of process improvements and changes in accounting, conduct analysis as per industry best practices, provide credit and risk management, and increase accuracy and efficiency. Adhere to corporate governance standards for all accounting and financial procedures, while engaging auditors to enable statutory reporting as per norms.
Key Contributions:
• Contributed to the success of company progression by producing the process and infrastructure for custody and control of assets, records, loan collateral, and securities for safekeeping.
• Critically assessed feasibility of investment, ROI, associated risks, external funding, off-take agreement, and business integration to streamlined the investment decision-making process.
• Recognised for controlling cash and bank balances, monitoring liquidity position, and crafting cash flow statements that resulted in maintaining adequate cash flows.
• Fostered congenial corporate links with external entities, such as bankers, legal counsel, auditors, and government organisations; responding promptly to any communication from their side.
• Delivered functional support to senior management in formulating expansion plans and utilising capital budgeting techniques to assess profitability of projects, roll out cost-benefit analysis, and estimate future cash flows.
• Played an integral role in reviewing company’s operations and plans to determine funds required for operational needs, while exploring and obtaining funding sources at competitive interest rates.
International Holdings PJSC, UAE
Group Finance Manager, 3/2011 - 9/2019
Managed significant challenges associated with overall corporate governance and financial management activities, including supporting top management in the development and implementation of financial strategies; reporting directly at the corporate level. Co-ordinated wide range of duties, including maintaining adequate cash flows, preparing and submitting financial statements for each financial period, and steering due diligence engagements in the M&A transaction. Oversaw operational processes and procedures along with determined associated costs and implemented cost reduction initiatives. Allowed the timely and accurate preparation of the group’s consolidated reports in line with regulatory directives, such as ESCA and ADX. Adhered to XBRL business reporting standards and disclosure system for efficient and accurate reporting.
Key Contributions:
• Served as head of committee entrusted with budget preparation of group’s various businesses; managing budgets monthly for Aquaculture and FMCG unit and quarterly for contracting and other businesses.
• Envisioned and aligned the secure process and infrastructure for controlling assets, records, loan collateral, and securities for safekeeping.
• Appointed as secretary of the board of directors and audit committee based on professional ability and thorough knowledge of business and governing regulations.
• Built and strengthened string working associations with external entities, such as bankers, legal counsel, auditors and government organizations; responding promptly to communication from their side.
• Delivered key inputs for investment decisions by evaluating feasibility of investment, ROI, associated risks, external funding, off-take agreement, and business integration as member of the acquisition and bidding committee.
• Crafted, analysed, negotiated overall terms/conditions of various agreements and business documents, including acquisitions, off-take, distribution MOUs, investments, and sourcing (domestic and overseas).
Highlights
• Established an effective financial management system and risk management framework, and reduced accounts receivables significantly.
• Directly supervised company’s financial accounting, monitoring and reporting systems ensuring that accepted accounting and financial practices were duly followed and all statutory reporting was complied to.
Key Responsibilities
• Analyzed and interpreted financial statements, documents and information to determine the financial status of the business entity and enable decision making.
• Reviewed cash flow statement and determined cash flows from operations, investment and financing, analyzed liquidity, and forecast future trends.
• Coordinated with and assisted auditors during conduct of audits, and ensured timely preparation of annual and half-yearly reports.
• Developed and sustained good relations with external stakeholders like auditors, solicitors, banks and statutory organizations.
• Responsible for preparing forecasts and estimates, finalized and managed operating budgets with various departments, ensured adherence to budgeted figures and exhibited budgetary control.
• Negotiated with financial institutions and obtained finances for the company’s debt financing, ensured that cost of funds wasn’t high.
• Oversaw implementation of the company’s policies and procedures and ensured total compliance with these by the staff.
• Exercised judicious credit control by thoroughly reviewing credit applications, understanding the purpose for deployment of funds, conducting market and liquidity analyses, determining the client’s solvency and financial status.
• Supervised back office operations, implemented new accounting software and applications, and trained the staff on its usage.
• Evaluated performance of staff as per the KPIs defined by the company, organized training for staff to enhance their professional skills.
Defined system requirements for the accounting department based on business processes and reporting norms; implemented the accounting software to ensure transparency and accountability.
Company Industry: Financial Services AND Investments
Job Role: Accounting/Banking/Finance
Customer Service Officer @ Arab Bank PLC