محمد أكرم

MASF is one of the leading suppliers of Galvanized, Cold rolled, and Hot Rolled Coils/Sheets and all types of structural steel in United Arab Emirates and Middle East market. Major Responsibilities as Finance Manager includes:
• Partnered with the senior management team on the strategies development, and metrics tied to the formulated strategies, while supporting company growth and reporting accurate financial results.
• Reviewed and Finalization of Annual/Half Yearly/Quarterly Financial Statements and analyzing major movements in Gross Profit and Overheads.
• Liaised with External Auditor for Annual Audit, Audited Financial Statements.
• Liaison with Banks for issuance of Letter of credit, Guarantee, and coordinate with Relationship manager for facility related activities. review and upgrade banking facilities for the Company in line with the Companys requirements.
• Provided strategic recommendations based on financial analysis and projections, variance analysis and revenue/expense analysis.
• Ensured all financial policies and procedures are properly complied with at all levels in the organization.
• Manage cash flow, liquidity, and risk management strategies across diferent sectors to ensure financial stability.
• Derived strong Business Controls and problem solving & built strong relations with all departments and other stakeholders.
• Develop and implement financial strategies tailored to enhance profitability and operational efficiency.
• Analyzed and presented the annual operating budget, budgeted variances, volume analysis and raw material pricing analysis, project cost review and analysis, Project cost to complete.
• Managed and Supervised the Finance, Accounts, Supply Chain, Invoicing and Monitor bank reconciliation, inter-company reconciliation, Funds Flow Management, and its budget management, FG andWIP Valuation.
• Ensured filling of VAT returns (FTA) on Quarterly basis.
• Reviewed all payments for approval of CEO. Working capital management prepares weekly cash position report and monitors the disbursement of payments.
Key Achievements: PAGE 2

• Increased turnover by 70% in two years; by changing sales strategy, target sales and policy of commission payment to sales personnel.
• Implemented the processing of generated Tax Invoices on time of product delivery to customers.
• Interfaced with Inter-Company transactions reconciliation and supervision of matching invoices with inventories/AP/AR and GL period close in ERP.
• Reduced bank facility usage by 70% by Improving receivable collection management.
• Developed and Implemented mechanism on due date payments to suppliers of raw material and stores.

Sapphire Group is a well-known diversified multinational conglomerate group of companies specialized in areas of FMCG, real state, industrial, power generation, investments, trading and welfare. Major Responsibilities as Finance Manager includes:
▪Prepared monthly business reviews (actual performance compared to business plans); identify areas for potential Improvement, present for board members, stakeholders and executives in formal meetings (BRM).
▪Developed production cost metrics. Monitoring, analyzing and reporting on variances, providing support for improvements to operations team.
▪Preparation of Annual/Half Yearly/Quarterly Financial Statements and analyzing major changes in Gross Profit and Overheads, Month End Closing.
▪Coordinate with External Auditor (EY) for Annual & Half yearly Audits, Audited Financial Statements and coordination with internal audit department for periodical internal Audits.
▪Prepared/Reviewed Monthly Provisional and actual P&L Accounts, analyze variances. Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making.
▪Ensured all financial policies and procedures are properly complied with at all levels in the organization.
▪Supervised the Finance, Accounts, Payroll, Invoicing and Monitor bank reconciliation, inter-company reconciliation, Funds/Cash Flow Management, Overseeing Payroll processing and its budget management, FG and WIP Valuation.
▪Ensured filling of tax returns (Income Tax monthly and annually and Sales Tax (VAT) monthly).
▪Understand and adhere to financial regulations and legislation, Ensuring compliance with applicable IFRSs, corporate laws, regulations, Income Tax and Sales Tax laws.
▪Checking of all payments for approval of CEO and Directors. Working capital management prepares weekly cash position report and monitors the disbursement of payments. Key Achievements:
▪Reviewed, developed and maintained strong internal controls to safeguard the financial assets of the group and ensured corrective measures are implemented in cases where the control weaknesses are identified.
▪Identified 800 cartons of stock at a third-party location valued at Rs 10 million of goods not previously reported in stock reports.
▪Reduced/eliminated cash payments by 75% in three months; instrumental in establishing transactions to be paid by cross cheques.
▪Implemented the processing of generated sales tax invoices within three days of product delivery to customers.
▪Interfaced with Inter-Unit and associate companies on the reconciliation and supervision of matching invoices with inventories/AP/AR and GL period close in ERP.
▪Liaised with external auditors on the meeting of requirements as team leader of Company Accounts Team.
▪Supervised of Bank Statement Feeding/Reconciliation within next working day and review and signing of Bank Reconciliations. …continued… 3

Preparation of management reports, Review and analysis of monthly budgets, Payable aging, Valuation of WIP, Bank reconciliation, prepared export receivable realization report. Overhead analysis with relation to production and capacity utilization, Material yield reports.
▪Analyzed actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs. Order /Product wise Profit & Loss A/C, Pre-order costing, actual job order costing, cost variance analysis, production reporting, Work-in-process movement, complete MIS from order placement to order dispatch, Purchase Control Reports with Various Analysis, Departmental Costing, Valuation of WIP, Wastage Analysis, Abnormal Loss Reports, Variance Analysis, Order Closing Reports, Cost performance analysis, Analysis of Production Which Leads To Attain Cost Optimization, Leading Finished Goods Warehouse and Stores, Raw material consumption analysis. Key Achievements:
▪Budgeted and forecasted to determine long-and short-term financial goals.
▪Substantiated financial transactions by preparing documents for internal/external audits.
▪Managed funds and treasury operations to ensure the meeting of financial obligations.

Posted cash/bank JV in Oracle Financial. Prepared bank reconciliation statements and maintained ledger Provident Fund Accounts. Demonstrated controls over budgeting & forecasting. Managed all methods of reporting to ensure compliance with insurance standards. Voucher invoices and processed check payments. Key Achievements:
▪Prepared for external audits by performing a gap analysis to determine accuracy in documentation.
▪Managed funds and treasury operations to ensure the meeting of financial obligations.
▪Achieved a never-completed task of bank reconciliations on the same date.

• Posted cash/bank JV in Oracle Financial. Prepared bank reconciliation statements and maintained ledger Provident Fund Accounts. Demonstrated controls over budgeting & forecasting. Managed all methods of reporting to ensure compliance with insurance standards. Voucher invoices and processed check payments. Key Achievements:
• Prepared for external audits by performing a gap analysis to determine accuracy in documentation.
• Managed funds and treasury operations to ensure the meeting of financial obligations.
• Achieved a never-completed task of bank reconciliations on the same date.

• Maintained client accounts through accounts receivable processes and ledger accounts. Identified and allocated payments to ensure an accurate audit trail of transactions. Reconciled bank statements, verified checking accounts, conducted variance analysis, and investigated debt issues. Tracked expenses, petty cash accounts, and prepared related expense reports. Key Achievements:
• Maintained financial security by following internal controls.