Chief Financial Officer
Pan Home – Furniture Retailer
مجموع سنوات الخبرة :23 years, 1 أشهر
Pan Home is one of the oldest & largest furniture retailers in Middle East. Reporting to the Chairman - Overall responsibility of Accounts, Budgeting, MIS, Banking, VAT, Corporate tax, Automation & ERP cost optimization . Play key role in strategic planning for business expansion, product pricing & margin strategy, Inventory & OTB
First Response Healthcare is a JCI Accredited world-class home healthcare company committed to provide high-quality and comprehensive health care services across the Middle- East Region at the comport of patients home.
Reporting to the CEO & Managing Director - Overall responsibility of Accounts, Budgeting, MIS, Banking, VAT, Automation & ERP Implementation. Play key role in strategic planning for new services, Pricing & expansion.
Wholesale distributor & retailer for Sports & Fitness equipment. Real estate, hospitality & mall management conglomerate. Reporting to the Managing Director - Overall responsibility of Accounts, Finance, Budgeting, MIS, Inventory, Banking, Audit & Statutory Compliance, VAT, Project Financing & Cost control, Commercial & business support for five Business Verticals - Whole Sale - Gym & Sports Equipment, Retail - Gym & Sports Equipment, Real Estate, and Hospitality (917 Key, 4 Star Hotel) & Mall Management
Achievements Cost Optimization
• Responsible for driving cost optimization across all elements of Business Partnering
• Formulated annual budget & Periodical analysis - Business Segment wise, Region Wise, City Wise, Department wise for taking business decision of store continuity, department wise area alignment, productivity improvement, rent negotiations, process improvement, store operation timing, High revenue & margin generating SKUs.
• Feasibility for New stores & post store opening store performance analysis.
• Managing cash & CC collection for $ 2 billion annually (2450 EDC machines) for 750 retail stores & e- Com Business.
• Shukran (Loyalty Program) Customer shopping pattern behavior - city wise, store wise & department wise for further strengthening the program.
• Proposed and implemented single operating model for Center point. VAT Implementation
• Member the core team for VAT implementation.
• VAT return automation - Filing, Compliance & ensuring no Contd
Shrinkage control for Western Region
• Headed the shrinkage control drive for 370 western region stores.
• Managed to reduce shrinkage by Sr 11 million. Finance Transformation
• Successfully outsourced finance activities to TCS.
• Eliminated, Consolidated & Automated various processes.
Job Profile
• Head of finance for KSA - Responsible for accounts, finance, banking & Treasury, Audit & compliance, commercial, MIS & cost optimization.
• Managing the IFM project (Integrated Facility Management) for consolidating & outsourcing facility management
• Presentation to the Board - Performance review, Gap analysis, Exception reporting & Suggestions for improvement.
• Retail Projects - Opening of all new & renovation stores within the budgeted timelines and ensure savings in the form of reduction in Capex & Opex cost.
Key Achievements
• Worked Closely with the management for expanding the business, rent negotiations, store feasibilities, vetting lease agreements, commercial negotiations, product & pricing strategy.
• Shifted the warehouse to Jebel Free Zone.
• Arranging Bank Financing - Conventional & Islamic. Bank rate reduction from 4.5 % to 3.75 % Appox. Saving Aed 1.75 million.
ERP Implementation
• Headed the project for AX R3 ERP across stores & WH.
Cost Optimization & Process Improvement
• Setup retail KPIs, implemented Revenue & Margin Vs Area allocation,
Identified and published high performing SKUs (Store wise) and set up a system to ensure they never go out of stock.
Job Profile
• As Sr. General Manager - Responsible for accounts, finance, banking, cost optimization & SOPS across functions.
• Managing Banking Relationship. Restructuring funding model and managing cash flows.
• Presentation to the Board - Performance review. Support business in developing financial models for news projects both internal & external.
Key Accomplishments as General Manger - Oman Territory:
• Negotiated successfully for the 5 Stores’ Rents at a prime location striking the most economical deals.20 % lower than the average rentals in the territory.
• Shifted 8 Warehouse locations into a Single Shed Warehouse location of 25, 000 sq. m G+3 structure, with zero damages. Annual Saving of OMR 1.2 Million.
• Introduced the Mid-term Common Sales Promotion successfully across 4 Business Segments.
• Played a key role in the Implementation of OPOS System at 50 Store Locations.
• Implemented the Kaizen Technique of Improvement across the functional area.
• Managing overall Group Accounts and MIS Departments consisting of 60 legal entities, 10 business segments, and 11 countries.
• Formulating Annual Budgets and Long-term Business Plans based on Business Segment and Territory.
• Analyzing Budget V/s Actual at monthly intervals while organizing Business Segment Review Meetings.
• Arranging for Board Meetings each quarter to coordinate the Group Financial Review.
• Appraising Store Level Sales Performance, Margins, and Profitability, and conducting Business Segment Analysis & Reporting based on events and seasons.
• Acting as the Primary Member of the team handling the WMS, RMS, and OPOS ERP Systems within the Group.
• Ensuring Statutory Audits & Group Accounts Consolidation.
• Performing Business Plan Reviews for all levels at periodic intervals.
• Ensuring consistent Coaching of Team Members and Reviews to ensure accomplishment of KPIs and Personal Goals.
• Assured adequate skill-set, knowledge, and competencies of teams via trainings and coaching with a view to achieve the pre-set targets.
• Overseeing the administrative aspects of finance, Imports, logistics, warehousing, IT, projects, and marketing functions.
• Part of the team for the implementation of SHUKRAN customer loyalty program
Key Responsibilities:
• Reported to the Business Head and supervised a team of 30.
• Ensured the entire accountability of the Accounts & Costing Departments of the 4 Plants.
• Introduced a System for managing Product Costing and Product Development Costing.
• Piloted the Working Capital Management and Inventory Management system.
• Acted as a Member of the Vendor and Customer Price Negotiation Committee.
• Monitored the preparation of Financial Budget, Cost Reduction Budget, and Business Plans.
• Managed and streamlined Capital Budget Control and Asset Management.
• Formulated a Costing System to capitalize In-house Manufactured Tools and Dies for Captive Consumption.
• Supervised adequate Statutory Compliance, Internal Audit, Statutory Audit, Group Audit, and Consolidation.
• Handled the organization of Unit Finance Head Meetings of the Group Companies.
Key Accomplishments:
• Introduced the System of Product Costing and Product Development Costing.
• Established a System of Cost Reduction via Value Engineering Proposals and initiated a System of Cost Control Budgets.
• Implemented the Procedure of developing Feasibility Reports for New Products.
• Devised and implemented the System of Product Cost and Product Cost and Development Cost Recovery.