Tareq Nasriddin

KEY COMPETENCIES:
• Spearheading Finance & Accounts Operations, Finalization of Accounts, Internal Control, Treasury Operations, Annual Budgeting, Internal & External Audit, Statutory Compliances, Financial Planning/ Reporting, TDS, Audit, Accounts Payable & Receivables, Cost Optimization, Monthly Reconciliation, Data MIS and Taxation
• Providing leadership in process review, risk analysis, and team management.
• Implementing ERP systems and establishing internal control disciplines to maintain the integrity and accuracy of financial reports, cost & benefit analysis, and cost variance analysis.
• Building strong relationships with banks to secure the best service, rates, and funding.
• Restoring the financial health of the company and resolving legal, statutory, tax, and supplier issues.
• Undertaking financial analysis, regulatory reporting, accounting operations, and forecasting functions.
• Planning corporate strategy based on current and expected business, economic, and regulatory environments related to company takeovers to control operational costs.
• Reinvigorating the company and revamping the business model & strategy to build a more responsive & market-driven organization; developing internal controls and driving continuous improvement in metrics, SOPs, KPIs, SLAs, performance management to take the business to the next level.
• Leading and executing organizational restructuring efforts, policy development initiatives, and process improvement projects, resulting in significant cost savings, improved efficiency, and increased productivity.
• Bringing expertise in corporate governance, strategy, and risk management as an independent board member.
• Implementing transformational, automation, and migration projects to enhance systems and processes, streamline financial processes, and improve internal financial controls.
• Performing due diligence of companies/processes, leading process transitions, reengineering existing processes, reducing tasks, and making processes lean.

LATEST RESULTS AND ACHIEVEMENTS:
• Built strong relationships with banks to secure over AED 1 billion worth of acquisition funding and the best competitive interest rates.
• Strategized corporate takeovers to reduce operational costs and increase efficiency, resulting in a 15% decrease in expenses and more than 20% improvement in performance metrics.
• Successfully Restoring financial health through strategic management of receivables, payables, and assets, successfully achieved a substantial increase in working capital, resulting in a four-fold improvement in the company's financial health, providing us with greater financial stability and flexibility to pursue growth opportunities.
• Led the successful implementation of multiple ERP systems in different groups and companies, chairing the project team and ensuring on-time, on-budget delivery. Achieved immediate positive results, including improved process efficiency and increased visibility into financial and non-financial data.
• Turned the finance support function into a Value Driven instead of a cost center.
• Revamped the business model and strategy to build a more responsive and market-driven organization, resulting in improved profitability and productivity.
• Achieved 100% compliance with regulatory requirements, saving the company AED 7 million in potential fines and penalties.
• Streamlined the consolidation process, standardized budget reporting, and forecasting using EPM and ERP systems and spreadsheet, reducing reporting time by 50%.