محمد أكرم

My key responsibilities were:
• Business partnering with relevant managers within the company to provide financial support and information. Liaising with and reporting to HQ Germany.
• Controlling of revenues and costs recognition in accordance with IFRS and local legislation.
• Overseeing preparation of the management accounts pack, inclusive of the monthly P&L and balance sheet.
• Successfully Setup Finance team and ERP Accounting Tool reducing the cost and ensuring highest standards are set.
• Completed 2 weeks training included reporting and month end process.
• Improving cash flow planning, achieved variance reduction to 1-3%
• In depth knowledge of ICV and successfully completed the certification for 2017.
• Managing a consortium of Bankers for fund and non-fund-based facilities, ensuring various banking compliance requirements. Monitoring the inflow/ outflow of funds; taking adequate measures to ensure optimum utilization of available funds.
• Conducting Internal and Statutory Audits; evaluating internal control systems to highlight shortcomings & implement corrective actions.
• Reducing the workload (30%), by introducing improved systems (HR, Finance and Accounting).
• Effectively managed payroll team and trained for maximum output by introducing a set of reporting process included excel and cloud-based payroll tool.
• Facilitating smooth implementation of VAT and ensuring accurate refunds are submitted.
• Establishing strategic Cash/ Cost Management Systems for monitoring various overheads and achieving maximum cost control in project execution

My key responsibilities were:
• Designed and implemented budget, P&L, cash flow and forecast platforms and financial tools.
• Responsible for overall profitability of operations and accountable for strategic utilization, developing the SOP’s and deployment of available resources to achieve organizational objectives.
• Slashed payroll/benefits administration costs 30% by negotiating pricing and fees, while ensuring the continuation and enhancements of services.
• Coordinate with other managers to provide consultative support to planning initiatives through financial analysis, reports and recommendations.
• Created intercompany procedures for company’s Payments, including 3 levels of approvals and support documents.
• Liaised with customers and banks for framing payment terms and securing credit through factoring arrangements.
• Successfully implemented Cash flow and petty cash expense tool to ensure liquidity for company’s payments.
• Managed and delivered monthly, quarterly and annually financial statements closing within mandated timelines reflecting the financial impact of all significant events and business transactions, in compliance with accounting policies.
• Developed a system for Consolidating subsidiaries and preparing reports.
• Successfully reducing the AR levels (Overdue level from 49% to 20%).
• Developed the annual budget and worked closely with all departments to ensure that numbers were within the budget, identified and analyzed cases of overspending and under performing.
• Prepared and conducted reviews of variance, cash flow, and KPI reports.
• Managed and trained my team on multiple projects and effectively reduced transportation and storage cost from 41% to 11%.
• Implemented HR Management tool with 3 step approval setups and successfully reduced admin and visa cost.
• Projects Managed: MEFCC 2014, 15, 16, 17 Anime 2016, SIKKA Arts, GAMES ME 2015, AL Majaz Superheroes 2015, OKTOBERFEST 2016.

• Management accounts (weekly cash flow statements, monthly margin reports & quarterly performance reports).
• Maintenance of accounts receivable & payables, payroll.
• Carrying out administrative duties and ensuring Managing director and relevant people have all sufficient financial information in order to implement business decisions.
• Supervise & coordinate company’s petty cash activities.
• Experienced in preparation of monthly Bank Reconciliation statement.
• Experienced in controlling Debtors & Creditors outstanding list and reporting to Management.
• Well versed in preparation of department wise Monthly Collection Report.
• Expertise in dealing with banks for issue of Letters of Credit and Bank Guarantee and other various issues.
• Expertise in Preparation of monthly schedules.
• Supervising and coordinating subordinates to ensure in smooth accounting.
• Handling Self-Correspondence with all Business Clients, Suppliers and Banks.
• Enhanced the credibility of finance function by generating accurate and timely MIS Reports.
• Diplomatic and Excellent in Public Relation and Office Administration

Logistics Experience:

• Procedure and Processing of Letters of Credit.
(Imports and Exports/Local and Overseas/Incoming and Outgoing).
• Corresponding with Suppliers and/or Banks for Amendment of L/C.
• Liaison with Freight Forwarders, Shipping Companies, Ports and Other Local Authorities.
• Familiar in Customs Clearance.
• Procedure and Processing of Documents for Imports.

• Storing and checking monthly payable activities while ensuring that billing, collection and reporting has been properly booked and processed.
• Maintenance of basic books and ledgers.
• Preparing the final invoices and send to customers on daily basis.
• Maintain strong working relationships with members of the team, other internal contacts and third party suppliers
• Prepare monthly high level commentary on financial reports for senior management along with ongoing development of management information to assist Management’s understanding of the results and highlighting key items/issues.
• Review and confirm payroll related calculations including national insurance, deductions, staff benefits etc.
• Journal Entries including maintenance of recurring journal entries and allocations.
• Coordinate the monthly book close.
• Ensured timely and accurate retail financial statements.
• Calculated monthly expense cut-off; reconciled prepaid and accrued expense accounts.