Financial Risk Management Consultant
Government of Sharjah - Finance Department
Total years of experience :20 years, 0 Months
The Debt Management Office directly manages the long- and short-term financing of the Government of Sharjah, and it monitors the financial performance and borrowing of all Government-Related Entities (GREs).
I am responsible for the financial risk management work of the DMO, where our objectives are to optimise government liquidity management, to reduce the cost and risk of government borrowing, and to ensure the financial sustainability of GREs.
Responsibilities
Designing, Implementing and managing the Financial Risk Management Framework for GREs, including:
o Coordinating the work of DMO ¡§account managers¡¨ to collect and analyse monthly data for each entity
o Producing quarterly SWOT analyses and risk reports for each entity, with recommendations for action
o Producing summary financial risk reports covering the GRE sector;
Nabeel Ahmad Salman
Professional background
Summary
Main areas of experience
Email: nabeelsalman1981@gmail.com
Tel: +971 (0)50 488 9628
Address: Sharjah, UAE
Nationality: Jordanian
Languages: Arabic (native), English (fluent)
+971 (0)50 488 9628 NabeelSalman1981@hotmail.com Page 2
o Overseeing financial control measures for new or high-risk GREs.
„Ï Participating in development of debt management strategy and debt sustainability analysis;
„Ï Monitor the financial risk of the debt portfolio;
„Ï Design and maintain the Medium Term Debt Strategy (MTDS);
„Ï Responsible for examining the debt portfolio behaviour against the trade-off benchmark between cost and risk;
„Ï Ensure diversification of the debt portfolio by debt instruments/products and sources with minimum cost
„Ï Reviewing GRE proposals for financing and government guarantees;
„Ï Supporting GREs in their financing activities, including bilateral loans, syndications and club deals, short-term facilities, project finance, ECA finance;
„Ï Leading the Government of Sharjah¡¦s initiative to issue the Middle East¡¦s first panda bond in the onshore Chinese RMB market.
- Project Manager for Accounts Tree development, based on IPSAS;
- Project Manager for automation of a new government department;
- Head of Ajman Government technical team for Government Finance Statistics (GFS);
- Team member of Ajman fiscal system improvement;
- Team member of coordinating financial policies for Ajman Government;
- Team member of Ajman government budget automation project.
• Keep abreast of developments in international standards for the public sector (IPSAS) and reversed it on the accrual financial reports of Ajman Government, and evaluate the financial performance of the government.
• Reviewing all accounts to insure the enforcement of accrual basis in all financial operations.
• Develop accrual financial reports, and Develop of accounts Tree based on IPSAS new Requirements.
• Analyzing financial performance and contributing to medium and long-term business planning/forecasts.
• Prepare, compile and present financial and economic data relevant to Cash management and Investment decisions.
• Overseeing the monthly closing for all government departments of Ajman government (through Oracle ERP).
• Preparing of Consolidation accrual financial reports for Ajman government, and Identify strengths and weaknesses in financial report, and development of mechanisms to avoid weaknesses in the future and to improve the application of the government's budget.
• Gathering, analyzing, summarizing and interpreting data to Identification, assessment, and prioritization of risks to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.
- Project Manager for Accounts Tree development, based on IPSAS;
- Project Manager for automation of a new government department;
- Head of Ajman Government technical team for Government Finance Statistics (GFS);
- Team member of Ajman fiscal system improvement;
- Team member of coordinating financial policies for Ajman Government;
- Team member of Ajman government budget automation project.
• Assist MOF in developing a transition plan that will provide guidance during the transition from cash to accrual accounting
• Assist MOF in applying International Public Sector Accounting Standards ((IPSAS)) in ORACLE system.
• Improve Federal Government Accounts Tree from Cash basis to accrual basis.
• Study all new proposals with regard to the new financial policy
• Study and Development of Laws, Resolutions and Circulars of Financial.
• Member of Government Financial Statistics (GFS) technical Team.
• Member of the Appeals Committee, preparing technical reports was part of the duties as a reporter.
• Member of the Jobs Budget Study and Preparation of Manual Committee.
• Member of the review committee project financial restructuring and bankruptcy law
• Member of Technical and decision of the Appeals Committee in the federal government.
• Responsible for the day to day management of financial services including bought ledger, financial and capital accounting, income, credit control, Accounts Payable, Accounts Receivable and other financial controls. Treasury management and Trust funds, statutory accounts and audit. Management of the paymaster function. Ensuring all financial statements are accurate, complete and in accordance with International Financial Reporting Standards (IFRS).
• Setting and meeting targets for organizational growth.
• Establishing and executing internal controls over the company’s accounting and financial procedures, includes reviewing and approving all invoices to be paid, as well as reviewing accounts receivable aging reports.
• Monthly preparation of financial reports include preparing financial statements, budgets, cost reports and financial forecasts to aid strategic decision making. Ensuring all financial data is well documented within the department and all records are accurate and up to date.
• All banking and finance activities, this includes negotiating lines of credit and vendor agreements.
• Reviewing all financial contracts, financing agreements and insurance policies.
• Providing accurate and comprehensive financial information to executive management for long-term financial strategizing.
• Provide crucial financial data and work with executive management to coordinate all financial planning functions with business operations.
• Financial analysis and providing financial perspective and opinions in financial policy, assess risk, analyze efficiency and inform policy.
• Preparation budget, forecasting and cash flows.
• Coordination of internal auditors and analysis of the audit findings.
• Maintenance of daily bank transaction reports and overseeing a balance in outgoing and incoming funds.
Bachelor of Administration Sciences with Major in Accounting & Minor in Financial and Banking Sciences