محمد جهاد المنصور

I have overseen the project to redesign and restructure the Finance Department of Shared Services in Oman for all finance and accounting-related tasks and am responsible for ensuring that the new organization and all newly created rules and procedures are followed. I managed a complicated group of internal and external stakeholders and regularly communicated with them, submitted reports, clarified needs, and so on. I also oversaw tasks related to banks, such as monitoring and initialing all bank-related papers before the relevant signatories sign them, maintaining bank facilities, and monitoring and controlling cash flow. I am involved in analyzing financial reports and data and presenting conclusions to senior management and working directly with the regional CEO on cash flow management and fund-raising plans. Assists in analyzing operating unit results for each month and assists in developing appropriate follow-up and business responses. Performs monthly assessment and follow-up of operating unit reporting and capital expenditure within the region. Coordinates and leads the development of budgets and financial forecasts and prepares monthly management reports and audited financial statements.

Key achievements/projects
The completion of the ERP pre-implementation phase includes conducting a thorough gap analysis and establishing specific system requirements, as well as planning and developing integration and preparing for data migration.
Successful completion of a complete reorganization of the Group's Finance shared services department based in Oman. Project tasks included the creation of simplified procedures and regulations while maintaining the highest level of internal control without compromising corporate operations.
Created departmental SOPs and performed the necessary gap analysis for the Oracle R12 ERP implementation
Revolutionized the group's budgeting process by moving from Excel-based budgeting to a fully automated system in a cloud environment.
Led a thorough group-wide planning exercise and the development of a 5-year business plan, including strategic business objectives and initiatives, capital investment/expansion plans, monthly income statement, balance sheet and cash flow.

At the group level, I supported the group CFO as a senior financial analyst, analyzing both current and historical patterns for all revenue, cost of sales, expense and investment categories, as well as investigating causes of unexpected volatility, discovering patterns and tracking key performance metrics. I also worked with the financial controllers to maintain good budget and planning control and assisted the organizations in developing 5-year business plans. I also implemented and used a business intelligence tool " Power BI" and worked with IT and the strategy department in implementing the enterprise performance management software "JEDOX"
I monitored Key Performance Indicators (KPIs) in the monthly results and developed risk and opportunity charts in the forecasting process to identify deviations from the annual budgets. Prepared and presented monthly financial reports and analysis.
I conducted ad hoc reporting, research and analysis as required by senior management and developed financial models and analysis to support strategic objectives. Also Assisted the CFO in conducting and overseeing the annual external audit of the Group to ensure that the audited FS were published on time and that all our audit requirements were met as I was the key person leading the annual audit of the Group.

Key achievements/projects
As a finance department representative, i worked very closely with the group strategy department and the IT department on a project to centralize the procurement department for one of the group's largest business units.
Created numerous analytical reports and dashboards for the group's financial and performance reports, which are viewed by the owners and senior management, using Microsoft Power BI.
Prepared the required financial models with "what-if" analyses to support feasibility studies for new projects, and assisted in the review of feasibility studies prepared by others, and provided the required reports with comments, observations and recommendations to senior management.
Lead the pre-implementation corporate tax assessment project, which includes a review of the group's organizational structure. Mapping of inter-company transactions, ERP functionality and gap analysis and else...
Providing support to top management by building financial models for all group companies, including sensitivity analysis modules, to assess the impact of the COVID -19 pandemic on the group's operations and budgets in order to make effective recommendations to top management.
Active participation in representing the Finance Department in numerous committees formed to implement the action plans proposed by the Emergency Planning Committee

Helping to create and implement goals, plans, priorities and guidelines for budgeting, accounting and payroll, and financial management. Created organizational structures to improve accounting and financial activities for the company and its divisions and departments, and created corporate financial and business plans to support the strategic direction of business operations and strengthen controls. Worked with project teams to manage and reduce expenses without compromising quality. Strict cash flow budget control on projects costing more than AED 1 million. Successfully executed the year-end close in collaboration with the Finance Director by efficiently monitoring finance functions and regular accounting transactions. preparing researches and reports to inform and educate stakeholders and finance teams on growth opportunities through new market penetrations and the introduction of alternative products.

Key achievements/projects
Help the company reduce 95% of the huge old WIP "unbilled receivables" by revising the financial policies and procedures in the organisation. By properly invoicing clients, the company was able to recover 90% of the invoiced work and subsequently recover tens of millions of dollars in accruals for these receivables. This was my Green Belt Lean Six Sigma project.
I led the collections team and increased collections by 13% year-on-year, while maintaining receivables at the same level as previous years, despite billing € 45 million more in previous years because the old unbilled receivables issue was resolved.
Assisted in the development of long-term business strategies by using information and data on market trends and sentiments to identify opportunities and key corrective and preventive actions.
Completion of the scoping and GAP analysis study for the implementation of \[Oracle WIP module\] and other software and creation of a comprehensive CRM software implementation strategy, taking into account ROI, cost-benefit and other studies.
Provided advanced training on finance for non-finance managers for the department heads and other key staff of the company. The satisfaction survey showed that the training on "Finance for Non-Financial Managers" was 100% satisfactory.

Reviewed monthly budget reports and ensured that all projects were carried out within the allocated budgets. Investigated discrepancies and inconsistencies in reporting and assisted in decision-making by preparing comprehensive financial assessments and feasibility studies and collaborating with other relevant entities. I also worked with senior management to develop an annual budget for CAPEX and OPEX and tracked actual expenditure against forecast expenditure. I also developed and documented business processes and accounting procedures and policies for the department to maintain and strengthen internal controls and ensure lean operations. I took proactive measures to address risks or deficiencies and implemented internal controls to monitor key financial control areas, while keeping an eye on the day-to-day management of accounting operations in Oracle ERP. I also assisted the real estate team in developing in-depth analytical tools for vacancy rates and trends, created the necessary financial models for "what-if" analyses to support feasibility studies for new projects, supported the review of feasibility studies prepared by others, and provided the necessary reports with comments, observations and recommendations to senior management. I assisted in the preparation of ROI and cap rate studies based on the available sensitivity scenarios and presented the results to top management. Prepared and presented monthly reports and analyses to top management and all stakeholders.
Key achievements/projects
Implementing Oracle ERP system (financial and operational) for the department and establishment of a fully functional finance department in the department.
Creation of various dynamic dashboard reports using Power BI, meeting the requirements of top management.
Automated the budgeting and forecasting process for the first time in the group.

Review quarterly and annually the performance of 24 local and overseas JV units, prepare key analytical statements, review budgeting assumptions, perform cash flow and investment analysis and submit reports to the CFO.
Investigate and review inventory, costs and receivables; monitor credit control policies; review and audit aging reports; discuss collection concerns; and participate in setting financial policies and procedures as necessary.
Initiating the budgeting process each year and communicated the deadlines, scope and assumptions through the CFO. I monitored actuals against budgets and past performance to highlight variances and accordingly set up corrective action plans for improvement. I also trained new and existing staff on various financial procedures to help them prepare for work requirements, as well as analyzed KPIs for the businesses against their performance reports and the balanced scorecard.

Key achievements/projects

Performing risk-based internal audits for selected organizations, defining risks in processes and procedures, developing action plans, and carrying out and monitoring remedial measures.
Implemented key financial procedures, such as account reconciliations, operational costs, setting up and paying vendors, and managing bank accounts as well as created remedial measures to address risks or shortcomings and implemented internal controls to monitor key financial control areas
Preparing numerous dynamic dashboard reports in Excel that satisfy top management information demands with a single click.

Supported the Finance Director in managing the accounting processes and producing the monthly financial reports for H.E Mr. Juma Al Majid on a monthly basis, including submitting various reports to H.E Mr. Juma Al Majid for himself and his family members’ expenses, revenues from private investments, and Joint Ventures, Zakat Calculation and distribution, Private Jet cost accounting, and else…