Muhammed Noufal Mcom FCCA FMVA

√ Manage and supervise Finance Department and produce monthly financial statements and other financial reports in compliance with reporting & procedural standards (IFRS, IAS)
√ Responsible for External conducting external auditing. Supervise team members in maintaining operational readiness for internal and external audits. Assist internal & external auditors in conducting various financial and statutory audits
√ Responsible for Tax filing and compliance
√ Prepare budget and make variance analysis and ensure compliance to effective budgetary controls.

Company Profile: Leading Qatari share holding company

Accomplishment:
•Core member of the team involved in designing & implementing module in Oracle financials to track & control bank guarantees and facilities
•Played key role in setting up accounting and MIS system for a subsidiary.

Responsibilities:

•Conduct and coordinate activities related to monthly account closing. Manage general ledger entries, quarterly closing entries and produce consolidated group financial statements and other financial reports in compliance with reporting & procedural standards (IFRS, IAS)
•Manage treasury activities to maintain adequate fund flow by interacting and negotiating banking facilities, term loans, guarantees and other related issues with banks.
•Servicing of Long term and short-term loans with the bank and maintain accounting entries, loan schedules and interest calculations.
•Assist the Budget team in preparing budget and make variance analysis and ensure compliance to effective budgetary controls.
•Follow up with team members in maintaining operational readiness for internal and external audits. Assist internal & external auditors in conducting various financial and statutory audits
•Review trial balance to ensure revenues and expenses are recorded and classified properly. The continuing review of revenue and expense trends and the communication of adverse trend results to management, along with recommendations for improvement.
•Make sure all the sub ledger entries are posted to General Ledger in a timely and accurate manner.
•Assess & implement accounting control procedures in day-to-day financial transactions. Approve supplier payments by verifying authenticity of supplier remittances and payment vouchers
•Assess and implement various resource optimization and cost reduction initiatives across the organization for enhancing organizational profitability
•Coordinate the annual audit of fixed assets to ensure that all recorded assets are present. Verify the periodic recording of fixed assets in the financial records and their proper recording under the correct asset categories and depreciation methods. The proper analysis of all capital expenditure requests.
•Update organizational financial status to the senior management using detailed reports and presentations to enable effective decision making

Company Profile: Oil field Company operating in GCC (mainly in Oman), Europe, Asia and Australia

Accomplishment:
•Significantly contributed in implementing branch accounting system in MB Petroleum Services LLC - Qatar as well as Oracle Financial 11i system the MB Petroleum Services LLC- Oman
•Played key role in processing major loans secured from various bankers to cater to working capital and capital expenditure

Responsibilities:
•Spearheaded activities related to monthly account closing, preparing consolidated group financial statements and other financial reports in compliance with reporting & procedural standards
•Managed Finance team of other two subsidiaries in Oman and Qatar
•Manage treasury functions and collaborate with corporate treasury in effectively planning cash flows.
•Supervise day to day financial operations related to payables, receivables and other related areas.
•Review and analysis of revenue and expense trends and communicate any adverse trends to management, along with recommendations for improvement.
•Assist internal & external auditors in conducting various financial and statutory audits and make necessary information and schedule available for them.
•Interact with Bankers and external institutions in a professional way with positive outputs.
•Prepared and presented various reports to the senior management highlighting organizational financial aspects to enable effective decision making
•Documented and archived records related to financial transactions based on organizational policies and statutory regulations
•Evaluated performance of accounts payable and accounts receivable staff and rendered productivity enhancement feedback
•Guided team members in implementing and following accounting procedures and control in day-to-day finance activities.