Mohammed Abbas M. Ahmed Abu Baker, Group Chief Finance Officer

Mohammed Abbas M. Ahmed Abu Baker

Group Chief Finance Officer

H. Awad Real Estate Group

Location
Kuwait
Education
Higher diploma, CMA (Business Analysis)
Experience
30 years, 11 Months

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Work Experience

Total years of experience :30 years, 11 Months

Group Chief Finance Officer at H. Awad Real Estate Group
  • Kuwait - Al Kuwait
  • My current job since January 2019

 Providing leadership, direction and management of the finance and accounting team
 Providing strategic recommendations to the CEO/president and members of the executive
management team
 Managing the processes for financial forecasting and budgets, and overseeing the preparation of
all financial reporting
 Advising on long-term business and financial planning
 oversees the capital structure of the company, determining the best mix of debt, equity, and
internal financing

Senior Finance Manager at Mabanee Real Estate Company
  • Kuwait - Al Kuwait
  • January 2007 to December 2018

Develop and analyze information to assess the current and future financial status of firms.
Establish procedures for custody and control of assets, records, loan collateral, and securities, in order to ensure safekeeping.
Evaluate data pertaining to costs in order to plan budgets.
Evaluate financial reporting systems, accounting and collection procedures, and investment activities, and make recommendations for changes to procedures, operating systems, budgets, and other financial control functions.
Network within communities to find and attract new business.
Oversee the flow of cash and financial instruments.
Plan, direct, and coordinate the activities of workers in branches, offices, or departments of such establishments as branch banks, brokerage firms, risk and insurance departments, or credit departments.
Prepare financial and regulatory reports required by laws, regulations, and boards of directors.
Prepare operational and risk reports for management analysis.
Communicate with stockholders and other investors to provide information, and to raise capital.
Analyze and classify risks and investments to determine their potential impacts on companies.
Direct floor operations of brokerage firm engaged in buying and selling securities at exchange.
Direct insurance negotiations, select insurance brokers and carriers, and place insurance.
Establish and maintain relationships with individual and business customers, and provide assistance with problems these customers may encounter.
Examine, evaluate, and process loan applications.
Monitor order flow and transactions that brokerage firm executes on the floor of exchange.
Recruit staff members, and oversee training programs.
Review collection reports to determine the status of collections and the amounts of outstanding balances.
Review reports of securities transactions and price lists in order to analyze market conditions.
Submit delinquent accounts to attorneys or outside agencies for collection.

Finance Officer at Regional Organization for the Protection of the Marine Environment
  • Kuwait - Hawali
  • June 2002 to December 2006

Responsible for the budgets, investments and financial reports of the organization.
Create reports each month that show the flow of cash into and out of the organization, and then use this information to make recommendations to the organization's board of directors concerning how to plan for expenses and where to invest funds. The financial manager also produces end of the year reports for government agencies and for donors.

Chief Accountant at MAKAE International Group
  • Kuwait - Hawali
  • August 1999 to May 2002

Responsible for knowing critical functions within the department and capable of mentoring and assisting employees within the department.
Utilize teamwork to develop departmental synergy.
Monitors compliance with generally accepted accounting principles (GAAP) and company procedures.
Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
Reviews accounts payables and weekly check runs.
Determines proper handling of financial transactions and approves transactions within designated limits.
Compiles and analyzes financial information to prepare entries to general ledger accounts, cost centers and documents business transactions.
Responsible for distributing financial statements and cost center reports.
Prepares work papers and supporting schedules for the annual financial review.
Staff management and development.
Prepares financial statements and other reports to summarize and interpret current and projected company financial position.
Analyze transactional processes and identify areas where additional accuracies and efficiencies can be achieved.
Closely maintains and monitors the fixed assets system.
Applies cost accounting methods to achieve accurate representation of cost center performance.
Responsible for holding manufacturing plant management accountable for accuracy and timeliness of inventory controls and cost controls.
Assist with annual budgets - prepares all allocations;
Coordinate monthly closing process and reconciliation of general ledger accounts.
Responsible for all taxes obligations.
Support the Company’s mission, vision, values and goals in the performance of daily activities.
Develop and implement various accounting procedures.
Work with both internal and external auditors during financial and operational audits.
Maintain system of accounts and keep records on all company transactions and assets.
Report, analyze, and ensure integrity of all financial information.

Senior Accountant at Jawad AL-Saffar Est.
  • Kuwait - Al Ahmadi
  • June 1993 to July 1999

Recommends selection of staff; trains staff in work procedures, recommends discipline as required.
Reviews and recommends modifications to accounting systems and procedures.
Provides technical support to outside auditors and governmental program auditors.
Posts data to various ledgers, registers, journals and logs following established accounting techniques and procedures.
Assists the Financial Services Manager with preparation and consolidation of annual District budget.
Assists the Financial Services Manager and auditors with the preparation of annual balance sheet .
Responsible for closing books at year end upon completion of annual audit.
Performs related duties and responsibilities as required.
Performs internal audits of accounts payable, payroll distribution, fixed assets, and cash. May make correcting journal entries in assigned areas.
Maintains the various ledger accounts including reconciliation of the District general ledger, revenue accounts, expenditures, and cash balances.
Responsible for payroll import from ABRA and reviews the tabulation, monitoring and distribution of payroll costs to appropriate general ledger accounts.
Prepares reimbursement requests for federal and state grants; prepares correspondence and expenditure reports, monitors grant related expenditures and ledgers; prepares annual expenditure reports.
Monitors the financial activity on assigned programs and prepares expenditure reports for program managers as needed.
Reviews accounting documents to ensure accuracy of information and calculations and makes or directs correcting entries.
Prepares, maintains control, and is responsible for subsidiary accounting records involving a variety of transactions and accounts.

Education

Higher diploma, CMA (Business Analysis)
  • at Institute of Management Accountants, N/J, USA
  • May 2005
Bachelor's degree, Accounting
  • at Faculty of Commerce, Ain Shams Unevirsity
  • September 1990

Specialties & Skills

Finance
Insurance
Securities
Brokerage
MS Office
Bank Facilities & Financing
Feasibility Studies & Profitability Analysis
Management
Financial Policies & Procedures
ERP Implementation
Budget Implementation & Forecasting
Procurement Management
Financial Analysis & Reporting
Shariah Compliant Bank Facilities
Cash Flow management
Financial reporting
HR & Admin
accounting
mis reporting
team management
payroll
annual budgets
analysis
planning

Languages

English
Expert
Arabic
Expert

Memberships

IMA, Institute of Management Accountants
  • Member
  • June 2004

Training and Certifications

IFRS Diploma (4 Modules) (Training)
Training Institute:
EY Training
Date Attended:
February 2018
Duration:
96 hours
IFRS Diploma (4 Modules) (Training)
Training Institute:
EY Training
Date Attended:
February 2018
Duration:
96 hours
IFRS Diploma (Training)
Training Institute:
EY (Ernst & Young)
Date Attended:
April 2018
Duration:
120 hours
Leadership Skills (Training)
Training Institute:
Righttrack - USA
Date Attended:
October 2016
Duration:
60 hours
Certificate in Cash Flow management (Training)
Training Institute:
The George Washington University / Informa
Duration:
20 hours
Certificate in Real Estate Finance (Training)
Training Institute:
Informa, Dubai
Duration:
20 hours
IFRS Updates (Training)
Training Institute:
EY - Kuwait
Duration:
10 hours
Certificate in Executive Finance (Training)
Training Institute:
IIR Dubai
Duration:
20 hours