Group CFO
BMB Group
Total des années d'expérience :34 years, 0 Mois
BMB Group is a manufacturing & FMCG of confectionary & Trading of ingredient business presence in KSA, Qatar, UAE, USA & Spain with the work force of 800 employees and customers in the Middle east, North America, Russia, Europe and Asia
My task is to provide a robust financial structure which can help BMB group to transform itself from a SME company to a corporate who strive to be listed in the future. Financial strategic management related to corporate vision and mission, cost efficiency, growth and financial opportunism which help increase corporate profit. Responsible for managing multiple countries accounting and finance function, treasury, budgeting, taxation, audit, management and board reporting, financial strategy and corporate governance.
I have successfully achieved & implemented:
- Financial structure which suited BMB requirement for growth which can provide accurate and timely measure of BMB financial performances & position
- ERP system EPICOR, polices and procedures by applying COSO framework
- Achieved cash flow for its working capital requirement, EBITAD ratio, reduce Inventory, AR & AP ageing days at a desired levels as a result higher credit rating from D&B
- Develop high performance finance team to drive disipline growth & strenghten control
- Increase profit by more than 109% in 2017 from previous year
- Budgeted planning and its comparative analysis to measure and improve performance
- Implemented segregation of various legal entities for better performance measurement and applied transfer pricing between these entities
- Implemented costing and pricing framework by ensuring BMB products are at the right position in the market
- Created a combine pool for treasury to optimise debt facilities, therefore reduce the interest expense
- New facilities with the bank and negotiated a lower pricing EIBOR + 3%, saving of half a million AED through hedging of forex
- Improve relationship with investors, auditors, suppliers, customers & banks
- Achieved desirable credit term and discount/rebate from suppliers
- Successfully implementation VAT for UAE and KSA & corporate/payroll taxation for USA, Spain & Qatar
AlMajid Investment is a holding company which control more than 56 companies around 22 different countries which involve in the trading of Live Stock, Cargo Shipping, Logistics, manufacturing & FMCG, Beverages manufacturing and had a revenue of 1 billion USD
My objective is to Increase visibility, control and profitablility, I was responsible for the management of accounting & finance and consolidated board reporting, I have centralized treasury, completed Audit and statutory compliance & taxation.
Achievements:
- Designed & Implemented financial structure required to govern 56 entities in 22 countries and to comply with international statutory requirement
- Implemented ERP system MS Dynamics which fulfill the requirement for a holding company which provide accurate and valid information and ensure policies & processes are imbedded within the ERP controls for better governances
- Implemented costing and pricing framework by ensuring each business unit on a right position in the market
- Completed and implemented budget/ analyses and comparative for fluctuations and recommendation
- Design and implemented consolidated management and board reporting, analysis & recomenedation for improvement
- Implemented very complex transfer pricing and various taxation requirement for Latin America, Australia and EU
- Implemented treasury leading practices for consolidated centralized treasury to ensure the working capital for each entity been met by optimizing the combine pool, negotiated better pricing on debt facilities with international banks, future forward hedging as per the requirement for each entity working capital
- Enhance cash conversion cycle of AR and inventory to fulfill working capital requirement and liquidity of the company at different region
- Design develops and implemented a costing/pricing framework for a very complex livestock and meat production
- MIS reporting by each entity & consolidation, ensure profitability is maintained by each unit of business as per the board approved budget
LMKR establishes a global EandP technology for Oil and Gas companies with global footprint through setting up new centers in UAE, USA, |Canada, Malaysia and Pakistan with cliental in more than 30 countries with multimillion Dollar contract with Halliburton and LandMark
Responsible for the integrity of financial information and systems of oil&gas services company, manage shared services operations in multiple countries, recruited and trained staff and upgraded financial and administrative infrastructure to meet the requirement of a global company.
Headquartered in Irvine, California & have operations in Canada, UAE, Malaysia, Latin America and Pakistan is a global leader in Software development, E Commerce, BPO and Financial
• Day to day management of Accounting departments
• Monthly management and board reports
• Cash-flow management and reporting
• Budgeting and forecasting
• Statutory reporting to Australian SEC, Australian Stock exchange, compliance with (AASB) Australian and (IAS) International Accounting Standards
• Contract review and negotiating with suppliers and customers
• Company Taxation
• Policy and procedure development, financial strategy development
• Working paper and reconciliation of balance sheet items for external auditors (Earnest and Young)
• System Used Arrow, MS office2000, Custom made software.
Big 4 Chartered Accountant /(IT), client Enpointe technologies is a US listed .5 Billion fortune 500 company with more than 2000 employees dealing in hardware, software and services related with technology. Major vendors like HP, Dell, IBM/Lenovo, Cisco, Techdata, Synnex, Ingram Micro, Credit card companies like Ammex, Elan, Fuel Vendors like Shell, ExxonMobil, banks like Bank of America, Wells Fargo and leasing company like General Electric (GE).
Responsible for the integrity of financial information and systems of technology company, trained staff and upgraded financial and administrative infrastruture to meet the requirement of a global company with shared resouces.
AXS listed with Australian stock exchange a national manufacturing and FMCG Company with 500 plus employees and manufacturing facility in three states of Australia.
Food (Breakfast Cereal, Dairy products and dry Fruit)
Financial Management
Master degree in accounting and finance