Mohammad Khuffash, Finance Manager

Mohammad Khuffash

Finance Manager

Al Hawai Tyre Co.

Location
United Arab Emirates - Sharjah
Education
Master's degree, ACPA
Experience
33 years, 11 Months

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Work Experience

Total years of experience :33 years, 11 Months

Finance Manager at Al Hawai Tyre Co.
  • United Arab Emirates - Dubai
  • My current job since January 2006

1. Coordinate and direct financial planning, budgeting, procurement, or investment activities of the organization.
2. Develop internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.
3. Prepare or direct preparation of financial statements, business activity reports, financial position forecast, annual budgets and reports.
4. Develop short term and long term financial objectives, policies, and actions.
5. Analyze the financial details of past, present, and expected operations in order to identify development opportunities and areas where improvement is needed.
6. Lead staff training and development in budgeting and financial management areas.
7. Maintain current knowledge of organizational policies and procedures and current accounting standards.

Chief Accountant at Al Hawai Tyre Co
  • United Arab Emirates - Dubai
  • December 1996 to December 2005

• Preparation of monthly Financial Reporting Package, related financial analysis & KPI’s.
• Expertise in analyzing and improving systems and procedures in Finance area, preparing & designing effective internal control mechanism.
• Professional in Preparing and Monitoring of budgets and cash flows.
• Control & following up with the entire customers Accounts (A/R), with an experience in handling the payment issues, implementing legal cases & mediation.
• Handling all supplier communication, prepare & review overseas supplier agreements.
• Working as a Credit Controller and recommending relevant decisions related to customers’ credibility.
• Exercise budgetary controls, accounting & physical control as per laid down procedures of asset management.
• Stock Management skills and implementation of related stock provision policies & Liquidation Plan.
• Expert in handling all the bank transaction TT, LG’s & LC’s.
• Expert in handling all the logistic procedure & related transaction.
• Preparing Monthly Presentations & Reports for the higher management with excellent presentation skills.
• Comprehensive Knowledge and in depth understanding of Cash Management & Cost accounting.
• Run monthly payroll for all employees, ensuring that all charges and deductions are verified according to the company policy & UAE Labor Law.
• Dedicated Team Leader with excellent analytical, Problem solving, organizational, supervision, and coordination & time management skills.
• Expert in assessing marketing opportunities, with an experience in marketing & event planning.
• Arranging short term & long term finance and other non funded facilities.
• Monitoring and implementing effective credit control policy & procedures for Accounts Payable & Receivable. Ensuring timely recovery of funds.
• Designed & implemented documentation system for control and improvement of operational efficiencies and timely completion.

Accountant at German Tyre Co.
  • United Arab Emirates - Dubai
  • June 1990 to November 1996

• Monthly pre-closing checking of accounts and making necessary adjustments.
• Assisting the Financial Manager in preparation of monthly Financial Reporting Package and related financial analysis.
• Handling the entire customers Accounts (A/R) for more than 1, 500 customers all over UAE.
• Concentration on Class (A) Accounts, Reconciliations and controlling the Trade & Marketing Expenses.
• Expert in preparation of yearly Sales agreements with the customers and related negotiations.
• Working as a Credit Controller, and recommending relevant decisions related to customers’ credibility.
• Review & Approval of Stock Purchase Orders.
• Assisting the Financial Manager in preparing the Budget & related reporting.
• Stock Management skills and implementation of related stock provision policies.
• Handling Monthly Bank Reconciliations.
• Preparing Monthly Presentations & Reports for the higher management.
• Expert in handling all the bank transaction TT, LG’s & LC’s.
• Expert in handling all the logistic procedure & related transaction

Education

Master's degree, ACPA
  • at Arab Society of Certified Accountants
  • November 2005

ACPA CERTIFICATE FROM ARAB SOCIETY OF CERTIFIED ACCONTANTS IN ASSOCIATION WITH CAMBRIDGE UNIVERSITY.

Bachelor's degree, Accounting
  • at Beirut Arab University
  • June 1998
High school or equivalent, High Certificate (Scientific Stream).
  • at Jemaeen Secondry School
  • September 1988

Specialties & Skills

Financial Reporting
Managerial Finance
Working Capital Management
Cash Flow
Budgeting
COMPUTER AND INTERNET

Languages

Arabic
Expert
English
Expert

Memberships

The Arab Society of Certified Accountants
  • Normal Membership
  • November 2005

Training and Certifications

Statement of Cash Flow (Training)
Training Institute:
Talal Abu Ghazaleh and Co
Date Attended:
December 2003
ISO 9001:2000 Internal Quality Audit (Training)
Training Institute:
Excellence Management Services
Date Attended:
August 2004