نديم Rafique

• Reengineered and strengthen finance, accounting, procurement, HR and IT functions professionally and streamlined accounting system, implemented formal budgeting, forecasting and reporting systems to measure and communicate timely, accurate and detailed monthly financial and management performance results to the BOD and investors in the strategic management of the organization. Planned implementation of HIS.
• Manage all day-to-day banking, treasury, and operating cash flow activities for effective financial planning. Negotiate and structure bank financing arrangement resulting in additional capital for hospital establishment and company expansion.
• Spearhead the investment analysis, structuring, documentation and due diligence/audit of various companies. Participate in the sale of equity stack of various companies to high net worth individuals.
• Improve information flow to external auditors, reducing audit costs and overheads savings.
• Implement internal audit procedures which identify significant cost savings and revenue opportunities
• Increase leadership accountability and improve employee, patient, and physician satisfaction and implemented written policies for all fiscal services depts.; ensure well-trained staff on all financial, ethics, and compliance matters.
• Design and implement a new billing review process to ensure efficiency and accuracy.
• Create and lead start-up of various retail clinics/surgery departments staffed by consultants, specialists, senior registrars and registrars and nurses. Figure out operation room breakeven analysis.
• Design the methodology used in evaluating the individual physicians. Take actions to financially protect employed physicians and advised them and maintain loyalty.
• Lead successful effort to re-engineer consolidated departmental responsibilities, Instrumental in driving huge increase in revenues and gross margin through establishing insurance relationships via TPA, process automation and strict headcount adherence, performance measurement and medical staff leadership.
• Minimize transition’s impact and maximized potential reduction in resource utilization. Negotiate contracts for efficient cost savings and new vendor purchases terms reducing operating costs and improving cash flows.

• Directed, planned and controlled finance, accounting, audit, tax, budgeting and treasury functions.
• Prepared condensed consolidated financial statements in compliance with IAS, IFRS, GAAP and statutory & regulatory numerous compliance reports as per Regulatory Authorities i.e., CMA CBK KSE KIA and MOC.
• Managed all cash management functions including cash concentration, wires, account funding, adequate liquidity for working capital needs and invest excess cash. Enhanced Treasury themes - the management of transactions, balance sheet and liquidity ratio analysis, and credit, market, operational and liquidity risks measurement and management.
• Forecasted worldwide cash income and expenses. Oversee cash management banking (KFH, BB and AUB) and financial institution relationships. Supervise overdraft borrowings, L/G and other bank facilities in multicurrency, markets, and investment activity. Support capital markets activities, FX buy/sell, leasing analysis and pricing.
• Prepared claims reserve development triangle, various insurance ratios analysis, claim provisions and IBNR reserving valuations for all LOBs using statistical quantitative projection techniques i.e., Simplified methods for short tail claims, Ultimate loss ratio method, Chain Ladder, Bornhuetter Ferguson, Stochastic models.
• Ensured timely reinsurance accounting, reporting and auditing. Researched and analyzed reinsurance prices and specifications with familiarity of field's concepts, practices, and procedures for risk-return optimization.
• Planned the administration of reinsurance (Treaty - prop. and non-prop. XOL & FAC) instituted and maintained fully compliant reinsurance records (underwriting, claims, prepared actuarial pricing, reserving, solvency and revamping technical financial provisions and devised tax strategies.
• Optimized retention share and reinsurance share for treaty proportional, non-proportional and XOL share. Relied on extensive experience and judgment to accomplish actuarial valuation goals.
• Developed KPI, SWOT and Balance scorecard that supported the company's strategic direction.
• Executed transaction advisory, due diligence, valuations, mergers and acquisitions, tax strategies.
• Reported budgeting variances with corrective recommendations. Executed, constructed and implemented reliable and effective internal controls. Prepared, developed and enforced manuals, policies and procedures.
• Spearheaded business development and process enhancement strategies. Oversaw ERM and outsourced various service providers’ functions. Communicated with reinsurer, customers, and assisted line department managers.
• Maintained relations with auditors (KPMG, E&Y and PWC), bankers, investors, rating agency (Moody) and lawyers.
• Slashed payroll/benefits administration costs, insurance cost by negotiating pricing and fees, while ensured the continuation and enhancements of services. Educated and trained staff.

• Launched CBK registered co. in Kuwait and CMA approved co. in KSA. Built and run RE holding and entities in USA, UK and Netherland with $325 m assets. Arranged JV co. in KSA with $400 m. Constructed equity and fixed income portfolios and oversaw $ 305+ million in client assets. Enlisted a subsidiary co. on KSE. Valued sale deals of pioneer real estate assets in USA, UK, KSA, Egypt and Lebanon. Conducted bank valuation in Sudan. Launched$ 15 m food chain in Egypt.
• Enhanced cash flow positions and dealt with banks (BB, KFH). Hedged interest rate risks. Loans covenant testing submission (HSBC, Royal Bank of Scotland). Setup treasury information systems. Arranged for equity and debt financing across all locations. Invested funds in Islamic vehicles. Monitored third parties. Oversaw credit to customers. FX buy/sell.
• Performed financial modelling and various industries businesses and securities valuations, intangible valuations for M&A, purchase price allocations, impairment tests, fairness opinion, tax and regulatory compliance, restructuring and reorganization, disputes, financial instrument valuations.
• Prepared group condensed consolidated financial statements (30+ subsidiaries, 6+ associates and designated investments), returns, portfolio & funds NAV and Basel as per IFRS, IAS, GAAP, CMA, CBK, KSE, MOC and MOF.
• Enforced internal controls, policies and procedures. Reviewed contracts. Re-engineered processes for meaningful results.
• Conducted credit risk models(PD and LGD), market, liquidity, country and operational risk, VaR, capital adequacy ratio, Basel, stress testing.
• Devised zakat and tax strategies.
• Formulated budgets and reported variances.
• Represented the group with lawyers(DLA, Solomon Harris, Murtha Cullina, Carey Olsen and Campbell), external auditors (KPMG, E&Y and Deloitte), brokers, JV partners (Millers, Stainton and Alpha Capital), IBs, AM &PM (CBRE, JLL, Saville’s, Ellandi, Vale and PING). Engaged in committees. Trained staff.

Achievements:
•Negotiated with banks for credit and overdraft facilities to be provided at subsidized rate and for foreign currencies purchasing deals at special lower exchange rates.
•Decreased inventory turnover period to 12 months from 34 months through effective controls and management consultancy resulting in reducing stock holding cost by 40%.
•Increased pharmaceuticals turnover by 75& primarily through increasing number of target pharmacies, hospitals and ministries.
•Performed technical comparative assessment of tier-1 ERPs like SAP, Morsoft, IBM, Oracle EBS, Great Plains, Sage and Focus etc., and launched Focus which now has been successfully implemented.
•Modified the structure and use of COA that led to easier, feasible and controlled DP with more meaningful reporting & presentation.
•Incorporated automation of many manual takes into MIS resulting in accuracy, quality and prompt reports and less DP cost.
•Improved staff efficiency by developing effective appraisal system and corporate governance.

Responsibilities:
•To establish, oversee and manage financial, treasury, accounting, auditing and related activities of group.
•Monthly Executive reporting (F/S, analytical reports, ratios analysis) and statutory reporting & liaison with auditors (Grant Thornton).
•Managing budget preparation and budgetary controls.
•Dealing with banks managing various general and project specific ash and non-cash facilities.
•Managing cash flows & working capital to ensure adequate liquidity at minimum cost.
•Managing exposure to financial (currency, credit and interest) risk by hedging.
•Appraisal and due diligence to prospective investments, organizational restructuring and change management etc.
•To contribute to key strategic business decisions by formulating numerous analysis i.e. KPI, CSF, SOWT, PERT, Balance score card, FPI's and NFPI's etc.
•Ensuring that the group assets are properly & adequately safeguarded and effectively utilized.

Achievements:
•Reduced general & administrative cost by 35% through effectively and efficiently implementing zero based budgeting culture.
•Corrected and maintained the quantities of physical stock 100% reconciled with stock figures in computerized accounting software.
•Converted manual accounting work in books into computerized accounting environment.
•Increased number of outlets to 4 (from 2 outlets) by arranging internal & external funds.
•Conducted ZONE's project feasibility (no. of stores & locations, revenues, xpenses, inventory & marketing schedules, P/L and B/S etc) for Saudi Arabia.
•Formulated the Strategic Business Plan (financial, operating, management, marketing & inventory plans etc) for Kuwait as per policies of franchisers i.e. BOMBAY (USA), ZONE (Denmark), BODUM.

Responsibilities:
•To establish finance and accounting departments and managing them professionally.
•Management and statutory reporting and liaison with auditors (PWC, BDO & Moore Stephan).
•Implementation of effective internal control.
•Budgets preparation and inventory management.
•Management of cash flows and credit facilities to settle the payments of services supplies and trade supplies.
•To provide financial expertise to GM and line managers to facilitate effective business planning and to contribute strategic business decisions.