Muhammad Raheel Arif Sami

Senior Finance Manager, AL Futtaim, Dubai, UAE
Business partnering for MENA & SEA Region for Auto, Retail, Real Estate, Healthcare & others
• Review of Finance activities, Month Closing, Preparation of Financial Statement for Management Reporting • Preparation of Budgets, Forecast
• Transition of activities from Business to SSC
• Finance Transformation & Implementation of Internal Controls
• Balance sheet reconciliation & rule-based exposure determination)
• Introduced Detective control, Exceptions reporting to ensure identified issues resolved timely.
• GL Open line items report (for automation of clearing)
• Corporate Income Tax setup & development of different Reports for expediting taxation review. • VAT, Customs, CBCR & WHT Filling with Tax authorities.
• SAP GRC implementation for system & access controls review to minimize SoD issues. • Internal / External Audit

-Business partnering mainly for ME region serving RDC & 13 Countries.
1)Led Assessment of a Total of 450+ Internal controls for ME, NWA, Russia, EECIS & South Africa (working
closely with all functional teams to strengthen internal controls and ensure efficiency and effectiveness
of processes.)
This helped in identifying the control weakness & implementing an Action Plan to fill in control gaps.
Awarded "Employee of the year 2020" for self-assessment of IC Matrix for ME Region and assisting
others.
2) Conceptualized the SOD (Segregation of Duty Review) of the System.

This Led to minimal SOD conflicts with mitigating controls w.r.t available HCs
ME Region praised for this.
3) Drove 2020 Internal Audit Pre Information, Self Disclosure & Action Plan for ME Region.
There was "No Repeat Audit finding". This Lead to a Satisfactory Rating.
4)Drove Payroll and other employees' Payouts(Bonus, Sales Inc, EOS, etc) review.
This led to accurate payouts
5) Built CAPEX Management SOP
All CAPEX transactions are approved as per GOA & recorded timely.
6) Managed Procurement Budget owner workflow for Review of all PRs/POs as per GOA/Approval
Matrix.
This ensure Compliance
7) Review of Finance activities and Month/year-end close.
-Ensuring Forecast/Budget is met with minimal variances.
-SGA alignment as per forecast.
-Explanation of variances
-Inter-company transactions.
-Review of Balance sheet recons, this helps in timely identification of exposure.
8) Reporting
-Led Reporting of P&L, BS. Packages for group reporting.
-Led Cashflow projected & Actual Reporting.
-MOR showing WC, DSO, IA, IC & SOD review Reporting.
9) Budgeting: Coordinating with functional Dept.
10) Process Improvement: Preparation of SOPs, guidelines
11) Projects: Automations with the Project team for E2E, O2C, P2P
12) Customer & vendors Contract review
13)Liaison with Internal / External Auditor
14) Transition of activities to shared services and managing R2R, O2C & S2P activities