Muhammad Iqbal, Senior Finance Manager

Muhammad Iqbal

Senior Finance Manager

Selfologi

Lieu
Émirats Arabes Unis
Éducation
Master, MBA in Finance
Expérience
16 years, 4 Mois

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Expériences professionnelles

Total des années d'expérience :16 years, 4 Mois

Senior Finance Manager à Selfologi
  • Émirats Arabes Unis - Dubaï
  • septembre 2021 à mars 2024

Selfologi is a start-up e-commerce business that offers products and services in the aesthetic medicine field.

Initiated and managed the startup's finances and accounting from scratch.

Key achievements!
- Oversaw the implementation, testing, and design of Oracle Netsuite ERP for a marketplace structure.
- Automated finance transactions through the integration of financial APIs, enhanced efficiency, and enabled batch payouts.
- Created financial policies, reporting structures, budgets, and over ten key performance indicators (KPIs) to measure the organization's performance.
- Participated in the formation of DMCC, ADGM, KSA, and offshore entities, expanding company presence and market reach.
- Achieved 100% compliance with all applicable laws and regulations to ensure ethical operation and prevent legal liability.
- Completion of group audits, tax registration, and VAT refunds yielded AED 2 million in VAT refunds.

Finance and Accounting Consultant à Majestic Group
  • Émirats Arabes Unis - Dubaï
  • septembre 2020 à août 2021

Majestic Group includes Majestic Hotel, Majestic Marine, and Elmar Marinas.
Contributed to the modernization of the hotel's accounting and finance department in accordance with industry practices and standards.

Key achievements!
- Enhanced efficiency and accuracy in the finance department by implementing modern financial practices. Decreased errors by 20%.
- Enhanced internal controls, improved financial policies and procedures, and ensured compliance with industry best practices.
- Achieved performance measurement by introducing cost centers/business segments, categorizing the organization into five measurable groups.
- Recommend modifications to financial IT systems enabling data-driven decision making and reducing financial reporting time by 30%.
- Recommended digital document management system which reduced paperwork by 70% and freed up physical storage space.

Finance Manager à Antonio Group
  • Émirats Arabes Unis - Dubaï
  • décembre 2018 à mars 2020

Antonio Group is a premium luxury leather goods retailer in the GCC region.
Managing the finance and accounting department of the company, as well as leading and developing a team of seven employees.

Key achievements!
- Implemented a tailored ERP system, Retail Insight, across eight remote locations.
- Assisted in creating an inventory tracking system, leading to a 20% improvement in inventory accuracy and reducing reporting discrepancies by 15%, positively impacting SCM efficiency.
- Established a proactive management information system for on-going monitoring of the business, producing concise weekly reports for quick decision-making.
- Advised on expanding into existing markets, implementing e-commerce, and improving the website resulting in 30% revenue increase.

Finance Manager à Tas-heel
  • Émirats Arabes Unis - Dubaï
  • septembre 2014 à août 2018

Tasheel act as a link between the UAE Government and the public.
Oversaw the smooth operation of the financial accounting department.

Key achievements!
- Established a Cost Control Committee (CCC) that will monitor costs on a monthly basis, resulting in a reduction of 8% in overall expenditures.
- Automated eight manual processes, resulting in a reduction in workload and an increase in efficiency.
Developed a dedicated corporate client department, which led to an increase in revenue of 11%.
- Increased revenue by 7% through joint ventures with small and medium-sized businesses.
Introduced an evaluation system for financial and non-financial KPI.
- Supervised the migration of the Group's financial reporting to Zoho ERP.

Finance Manager à Islamic Finance Co.
  • Émirats Arabes Unis - Dubaï
  • décembre 2011 à août 2014

UAE listed company providing Islamic financial products and services, as well as holding ownership interests in business units.
Managed the financial and accounting departments of various business units and compiled consolidated financial reports.

Key achievements!
-Issued and deployed 8 standardized accounting policies across all business units.
-Introduced a Performance Measurement System to facilitate growth and competitiveness. Tracked and managed ten performance indicators.
-Delivered consolidated financial reports and analysis to senior leadership, recommending improvements and changes.
-Directed and coordinated the budgeting and forecasting process for business units, ensuring alignment with organizational goals and objectives.

Assistant Finance Manager à DyStar Pakistan (Private) Limited
  • Pakistan - Karachi
  • février 2007 à septembre 2011

DyStar Pakistan operates as a subsidiary of DyStar Textilfarben GmbH, a global industry leader in dye stuffs, chemicals, and solutions.
Assisted the Finance Manager in managing and controlling financial activities.

Responsibilities
- Prepared and delivered monthly income statement, balance sheet, CAPEX report, and other reports.
- Managed the company's local and international accounts receivable and accounts payable.
- Reconcile and closing of general ledger accounts, revenue recognition, cost accounting summary for monthly financial statements.
- Managed tax planning and compliance, including VAT and corporate tax returns under the direction of tax consultant.

Key achievements!
- Achieved 10% lower SGA costs than the budget for three consecutive years.

Éducation

Master, MBA in Finance
  • à University of Karachi
  • décembre 2007
Baccalauréat, Accounting and Business
  • à University of Karachi
  • décembre 2005

Tests de Bayt.com

English for Business Skills Test
Score 80%

Specialties & Skills

Financial Accounting
Cash Flow Management
MIS Reporting
Financial Analysis
Budgeting
IFRS reporting
Financial Reporting
Managerial Accounting
Budget and Forecast
Business Analysis
Financial Accounting
Financial Planning
Cash Flow Management
Financial Management

Profils Sociaux

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Langues

Anglais
Expert
Arabe
Moyen
Urdu
Langue Maternelle
Hindi
Expert

Formation et Diplômes

ACCA Advanced Diploma in Accounting and Business (Certificat)
Date de la formation:
March 2019
The ACCA Diploma in IFRS (Certificat)
Date de la formation:
December 2019
Financial Modeling and Valuation Analyst (FMVA®) (Certificat)
Date de la formation:
December 2019