Manager - Finance & Compliance
Dubai International Securities LLC
Total years of experience :29 years, 5 Months
One of the leading Shares and Commodities Brokerage company in the country, a part of the established business conglomerate, Al Rostamani Group having diversified activities over 50 Years of operations.
Major responsibilities include
Liaison with Regulators and Market Authorities
Designated Compliance Officer for DGCX Operations (CODO) officer
Negotiation with bankers for facilities including Overdraft and Guarantees
Liaison with Insurers and Auditors
Preparation and updation of Operations Manual for entire broking operations
Complete in charge of entire back office operations including, finance, accounts, administration, compliance, etc
Additionally responsible for maintenance of investment records for proprietary investment of AED 200 Million of the Owners; Includes complete management of accounting, cash flow requirements and records maintenance overseeing the team’s performance.
Being involved in the start up of the new Company (specializing in brokerage operations) which is a 100% subsidiary of National Bank of RAS Al Khaimah (RAK Bank)
Major responsibilities include
Preparation of Project Initiation Documents, Project Risk Matrix, etc.
Preparation of Policy and Procedures Manual for the entire operations
Preparation of prelim documents for Submission to ESCA
Successfully completed the set up and start up operation of the brokerage unit which is a 100% subsidiary of National Bank of Fujairah.
Major responsibilities include
Preparation of Policy and Procedures Manual for the entire operations
Preparation and Submission of application to ESCA, DFM and ADSM for obtaining licenses
Active involvement in the Software Implementation for the brokerage operations
Follow up with Market Authorities to obtain licenses.
Staff training on market rules, compliance issues and AML guidelines
Joined in August 1998 as Internal Auditor for their catering division in Dubai.
Promoted as Chief Accountant of the catering operations in Kuwait.
Moved back to Dubai into their Investment Division in June 2002.
Selected by Chairman to work with him in Maintaining, Analyzing and Reporting on the Investment Portfolio of the entire group of companies valued at more than 1 billion US $.
Reporting directly to the Chairman of the group. Directed and supervised 5 employees during the tenor in Kuwait.
· Review internal controls, business processes, procedures for improvements, cost reductions, monitor accounts payable and receivables
· Analysed financial accounts to provide detailed reports of fiscal health to the Senior Management
· Perform Consolidation of Accounts in the Investment division, expenses and anticipating problem areas
· Prepare Quarterly Performance Review Report for Investment performance evaluation compared to market benchmarks
· Ensure adequate funds availability. Liaison with Banks for obtaining credit facilities. Monitor cash flow forecast to achieve optimum utilization and meet cash targets of Head Office in Dubai under tight deadlines
· Provided technical direction and guidance to other accounting staff
· Responsible for Balance Sheet schedules and expense schedules on a monthly basis. Organise Audit Schedules for external auditors
· Managed Payroll processing for more than 600 employees
· Played lead role in the implementation of the CHEF Restaurant Management System, an ERP Package designed on and powered by Oracle Technology in the Restaurant division of the group, covering POS and Back Office covering Stores and Accounts Management
Joined as Supervisor Audit and based on performance promoted as Assistant Manager Assurance.
Having varied exposure in the areas of Statutory, Internal and Tax Audits of various entities. Reported to Manager / Partner.
Deputed on a Secondment to Oman, Muscat to represent the International Firm for 3 months.
BPO operations engaged in the service of various hospitals in USA. Headed a division with a group of 8 employees, handling 6 hospital accounts in US. Dual reporting at US and in India.
A Financial Services company specializing in Bought Out deals, Project Financing, etc. Area of work includes preparation of Project Reports, Liaison with Banks and Financial Institutions, etc. Also involved in the Equity Research. Reported directly to the Director
INSTITUTE OF CHARTERED MANAGEMENT ACCOUNTANT, LONDON, UK
COMPANY SECRETARY (INDIA) – 1996 INSTITUTE OF COMPANY SECRETARY OF INDIA
CHARTERED ACCOUNTANT (INDIA) – 1996 INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
COST & WORKS ACCOUNTANT (INDIA) – 1991 INSTITUTE OF COST & WORKS ACCOUNTANTS OF INDIA
Bachelor of Commerce