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Fayaz Rasheed, Cluster Finance Controller

Fayaz Rasheed

Cluster Finance Controller·ET Holding

Qatar

Master's degree, Master of Business Administration

Work experience

Total years of experience: 18 years, 4 months

Cluster Finance Controller

January 2023 - Present

ET Holding

Doha, Qatar

January 2023 - Present

I oversee the financial and accounting functions for companies within ET
Holding, encompassing subsidiaries in Large Scale Construction, Real Estate
Development, Property Management, Mega Esports Event Management, Media
Management, and Sports Team Management, Consultancies. I lead the
development of Periodic Financial Reports and engage in Financial Planning
and Analysis (MIS), routinely presenting these reports to the board members.
Reporting directly to the CFO and CEO on a day-to-day basis, I am responsible
for a wide array of activities.

I conduct Feasibility studies and devise Corporate Strategies for both new and
established businesses, successfully executing plans in alignment with business
objectives and investors vision. Leading the accounting and finance
department, I ensure seamless operations of the business. I actively
collaborate with external auditors to ensure timely submission of audit reports
for tax payments. I negotiate purchasing and sales agreements on behalf of the
company, contributing to effective deal-making processes.
In addition, I formulate accounting policies and procedures that are in
accordance with IFRS guidelines, guaranteeing proper disclosures in line with
international standards.
Company industry:
Events Management

Head of Finance

July 2019 - Present

IBA Group

Doha, Qatar

I found this job using Bayt.com

July 2019 - Present

Managing Finance and Accounting departments of multiple companies in the group, Real Estate, Property Management, Construction, Contracting and Trading. Have helped the management in conducting feasibility studies of various investment initiatives and executed them successfully. Leading the accounting and finance department for smooth operations of the business, liaise with the external auditors for timely submissions of audit reports for tax payments. Negotiated the purchasing and sales deals on behalf of the company Devised accounting policies and procedures inline with IFRS, to disclose proper financial information to the investors and stakeholders.
Company industry:
Construction & Building
Job role:
Accounting and Auditing

Financial Consultant

May 2013 - Present

International Business Consultancies

Dubai, United Arab Emirates

May 2013 - Present

Helped clients in devising long term financial planning in terms of financial forecasts, cash flows, budgets by incorporating information from various departments of clients organisations.

Had lead teams for auditing of corporate firm’s periodic financial accounts, for major corporate clients based in UAE.

Had also lead the due diligence team for business valuation of large scale corporate companies based in UAE. Helped teams in finalizing accounting policies and procedures and operation manual for various companies/clients.

Analyzing information and preparing business plans best suited to individual clients vision. Researching the marketplace and providing clients with information on new and existing products and services. Designing financial strategies. Assisting clients to make informed decisions. Keeping up to date with financial products and legislation.

Conducting Market, technical and financial feasibility studies for clients interested to start their own businesses in diverse industry, in G.C.C countries and Indian Sub Continent. Conducting in-depth analysis of clients’ financial circumstances, current financial health and future aims and objectives.

Meeting the regulatory aspects of the role, e.g. requirements for disclosure, costs of the services provideds.
Company industry:
Economics & Financial Consulting
Job role:
Consulting

Head of Group Finance and Accounting

January 2019 - January 2023

Ismail Bin Ali Group, (IBA Group)

Doha, Qatar

January 2019 - January 2023

Tasks: Managed the Finance and Accounting departments across multiple
companies within the group, spanning diverse sectors such as Education
Institutions, Manufacturing, Construction, Real Estate, Property Management,
Contracting, and Trading. Spearheaded the finance and accounting teams to
ensure timely completion of key financial statements (Profit & Loss, Cashflows,
Balance Sheets, Working Capital Reports, KPIs), collaborated closely with
external auditors, formulated budgets, conducted variance analysis, managed
cash flows, instituted cost controls, optimized cash liquidity, and maintained
effective communication with banks, vendors, and customers. Reported directly
to the CEO, and on occasion, the Chairman of the Group, delivering financial
reports and board communications. Provided leadership to a team of
accountants, offering training and mentorship to meet crucial reporting
deadlines.
Company industry:
Real Estate

Financial Consultant

January 2013 - January 2019

MIM International Consultancies,

Dubai, United Arab Emirates

January 2013 - January 2019

Led a group of financial advisors offering investment guidance across diverse
sectors in the U.A.E. Executed Feasibility Studies to recommend appropriate
investment opportunities aligned with clients financial capabilities and
limitations. Developed comprehensive Market, Technical, and Financial Business
Plans, along with Financial Forecasts, catering to clients spanning the G.C.C
countries and the Indian Subcontinent. Proficient in assessing clients financial
situations, well-being, and long-term objectives. Successfully implemented SAP
and Microsoft Dynamics during this tenure, optimizing financial operations and
improving business performance across various departments, for various large
scale clients.
Company industry:
Accounting

Finance Manager

April 2011 - April 2013

AREF Energy

Dubai, United Arab Emirates

April 2011 - April 2013

AREF Energy Public Holding Company (Kuwait Stock Exchange)
Business: Rental and Trading of Diesel Generators (Service Sector)
Manufacturing of Sound Proof Canopies and High Capacity Diesel Tanks
Turnover : AED 20+ Millions
Tasks:
My responsibilities includes control of entire accounts department, accounting monthly, quarterly and annual finalisation of multi location consolidated financial statements, reporting to CFO of parent company located in Kuwait, preparing project reports, preparing Budgets, fund management, due diligence, MIS reporting, conducting feasibility studies for new ventures.

ERP Implementation
Effectively manage and liaise for end-to-end Implementation of ERP Software (FACTS), with more than 10 users, keeping the budget constraints and availability of resources into consideration, has successfully managed to appoint and implement the software in given time frame.

Successfully devised and implemented quality processes to attain the ISO9001-2008 certification, after adherence of policies and procedures for probationary period.
Company industry:
Electric Power Production & Transmission
Job role:
Management

Finance Manager

January 2009 - January 2013

Al Meshari Heavy Equipment Trading (mhet.ae)

Dubai, United Arab Emirates

January 2009 - January 2013

Tasks: Managed the accounts department, overseeing the completion of
monthly, quarterly, and annual accounts for businesses operating in multiple
locations. Consolidated financial statements adhering to IFRS standards.
Reported directly to the CFO based in Kuwait. Produced project reports,
formulated budgets, handled fund management, conducted due diligence,
generated regular Management Information System (MIS) reports, scrutinized
key performance indicators (KPIs) for the business, and carried out feasibility
studies for prospective new ventures.
Company industry:
Energy & Renewables

Head of Finance and Purchasing

June 2009 - November 2011

Al Sannat Group

Riyadh, Saudi Arabia

June 2009 - November 2011

 Set up national level, profit center wise Financial Cash Flow Budgets.
 Implement standard accounting policies, procedures and reporting system in line with IAS and IFRS guidelines respectively.
 Trained and managed subordinates to follow the standards.
 Devised comprehensive procurement strategy and purchasing manual.
 Implemented Just-in-Time Inventory System to reduce cost, and meet timely seasonal demands.
Beside above working on various projects simultaneously, I have completed my academic studies in MBA Finance (with commendation in Feb 08 - Apr 09)
Company industry:
Shipping
Job role:
Accounting and Auditing

Associate - Operations Management

February 2008 - June 2009

Amazon.co.uk

London, United Kingdom

February 2008 - June 2009

Assist the OperationS Manager in day to day handling of operational activities including managing employees, managing work flow, assign targets, daily safety, quality and performance briefings.

Prepare comparative management reports for assigned targets and work actually done in various sections of the operations.

Active participation in implementation of lean synchronisation, and kaizen improvements in operations of the organization.
Company industry:
Retail & Wholesale
Job role:
Logistics and Transportation

Education

University of Bedfordshire

April 2009

April 2009

Master's degree, Master of Business Administration

United Kingdom

I received merit scholarship from the University, I have done dissertation on Leadership, Communication at Work Place, Negotiation Skills and a project in Strategic Finance on British Airways in Comparision to Air France. In Strategic Finance, Business Communication and Marketing Strategy I received overall A Grade.

University of Bedfordshire

March 2009

March 2009

Master's degree, Finance

United Kingdom

University of Cambridge Loal Examination Syndicate

September 2006

September 2006

Diploma, Business Administration

United Arab Emirates

I am doing Cambridge International Diploma in Management (Higher Professional Level) from Knowledge Horizon, this diploma helps me to pursue my MBA from UK. I got 100% scholarship for this diploma, by Knowledge Horizon.

Osmania University

July 1999

July 1999

Bachelor's degree, Accountancy

India

Osmania University

March 1999

March 1999

Bachelor's degree, Commerce & Management

India

Completed Bachelor of Commerce in First Division.

APTECH

March 1999

March 1999

Bachelor's degree, Software Development

India

Developed 3 projects with the team of developers, in Fox pro, Unix, Developer 2000/SQL 7.

Skills

Business Planning
Expert
Business Planning
Expert
Managed Accounts
Expert
Managed Accounts
Expert
IFRS
Expert
IFRS
Expert
MIS
Expert
MIS
Expert
Budgeting
Expert
Budgeting
Expert
Excellent Computer Skills
Expert
Excellent Computer Skills
Expert
Analytical skills
Expert
Analytical skills
Expert
Cultural Adaptability
Expert
Cultural Adaptability
Expert
Working under pressure
Expert
Working under pressure
Expert
Communication Skills
Expert
Communication Skills
Expert
Organizational Administration
Expert
Organizational Administration
Expert
Business Planning
Expert
Business Planning
Expert
Managed Accounts
Expert
Managed Accounts
Expert
IFRS
Expert
IFRS
Expert
MIS
Expert
MIS
Expert
Budgeting
Expert
Budgeting
Expert
ACCOUNTING
Intermediate
ACCOUNTING
Intermediate
ANALYTICAL THINKING
Intermediate
ANALYTICAL THINKING
Intermediate
CONTENT CREATION
Intermediate
CONTENT CREATION
Intermediate
CORPORATE STRATEGY
Intermediate
CORPORATE STRATEGY
Intermediate
FINANCE
Intermediate
FINANCE
Intermediate
FINANCIAL STATEMENTS
Intermediate
FINANCIAL STATEMENTS
Intermediate
FINANCIAL STRATEGY
Intermediate
FINANCIAL STRATEGY
Intermediate
FORECASTING
Intermediate
FORECASTING
Intermediate
INTERNAL AUDITING
Intermediate
INTERNAL AUDITING
Intermediate
MASTER OF BUSINESS ADMINISTRATION MBA
Intermediate
MASTER OF BUSINESS ADMINISTRATION MBA
Intermediate

Languages

English
Expert
Arabic
Intermediate
Hindi
Expert
Persian
Intermediate
Urdu
Expert
Telugu
Beginner

Memberships

Chartered Management Institute (UK)

Member (MCMI)

April 2009

Training and Certifications

Certifications
Qatar Driving License, Dubai Driving License
Certificate in International Financial Reporting (CertIFR)
Membership
Chartered Management Institure
Mar 2009 - Dec 2012