Omair Shafiq, Country Finance Manager

Omair Shafiq

Country Finance Manager

Chalhoub Group

Lieu
Bahreïn - Manama
Éducation
Baccalauréat, Applied Accounting
Expérience
18 years, 5 Mois

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Expériences professionnelles

Total des années d'expérience :18 years, 5 Mois

Country Finance Manager à Chalhoub Group
  • Bahreïn - Manama
  • Je travaille ici depuis septembre 2020

As the Finance Manager for Bahrain Operations of Chalhoub Group, I function as a Business Partner to the Country Manager & Senior Leadership of Chalhoub to effectively roll out, implement and deliver the Group Strategy, Direction and Objectives for the Country.

Pro-actively engaging with Commercial Business, Finance & Supply Chain teams in reviewing and setting of Budgets and targets, challenging commercial teams performance, margins, Buy-ins / Procurement and monitoring the sell-in and Commercial KPIs and performing internal benchmarking, evaluating and reviewing new store investments (CAPEX) and OPEX optimization.

Leading a team of 5, I am fully responsible for full spectrum of financial operations (financial planning & analysis, financial reporting & control and credit control) for distribution business, portfolio of retail stores and E-Commerce, providing accounting and VAT Support services to our Joint ventures and to develop trimester budgets and 3-year plans, represent the managed companies in Board of directors meetings, validate and sign off financial statements, engage with external auditors and responsible for Internal Controls and Financial Risk Management.

Also responsible for Treasury Operations, including cash forecasting, effective cash utilization and planning of credit facilities utilization, implementation of hedging strategies, FOREX management, relationship management with local and international banks and credit cards companies.

Senior Financial Analyst à Chalhoub Group
  • Émirats Arabes Unis - Dubaï
  • février 2017 à août 2020

I am a dynamic and a result oriented professional, having more than twelve years of professional experience with Big 4 and in the industry.

My experience pertains to financial planning & analysis, in depth monthly P&L, B/S & commercial KPIs' reviews (footfall, average basket size, UPT and average selling price) reviews with specific emphasis on gross margins, stock coverage and payable & receivables position, statutory audits, risk based assignments and managing the accounting and finance function of a leading distribution and luxury retail company.

Currently working in the role of a Senior Financial Analyst, I am managing the financial performance of a private label Oriental Fragrance Concept across the GCC region (Distribution, retail and Omnichannel) and supporting the Head of Finance - Own Concepts in consolidating, reporting and analysis on the own concepts business performance.

Previously I was responsible for leading a team of professionals to manage the finance function of SAKS 5th Avenue Bahrain and support services of UAE operations, in addition to consolidation and management reporting & cash flow & B/S management of UAE operations.

Specialties: -
- Financial Planning & Analysis;
- Financial Management;
- Cash Flow Planning & Management;
- Working Capital Optimization;
- E-Commerce / Digital / OmniChannel;
- ROCE;
- Balance sheet analysis and review;
- Financial Reporting (IFRS) & Management Reporting;
- Team Management;
- Meeting month end closing deadlines and annual audit deadlines;
- Cross-Functional Team Leadership;
- Risk Advisory;
- SAP BI;
- Oracle BI;
- Oracle Financials;
- Business Process Analysis and Management;
- Auditing - ISA; and
- Accounting;

Currently looking for a dynamic and challenging role through which I can further utilize and enhance my financial analysis and reporting skills by adding value to the finance function of an organization.

Department Manager à Chalhoub Group
  • Bahreïn - Manama
  • juillet 2013 à janvier 2017

Was responsible for the accounting and reporting, I ensure high and consistent quality of financial information to internal as well as external stakeholders. Additionally, I actively engage with Commercial team to support the Distribution and Retail operations in Bahrain.

Business partnering by combining financial and business knowledge to drive financially sound decision making.

Supervisor à KPMG AL FOZAN & AL SADHAN - Kingdom of Saudi Arabia
  • Arabie Saoudite - Riyad
  • mars 2012 à juin 2013

KPMG AL FOZAN & AL SADHAN - Kingdom of Saudi Arabia
Was working as a Supervisor in the Internal Audit and Risk and Compliance Group of the firm (March 2012 onwards)
I led large teams through the planning, execution and conclusion stages of varied special nature engagements My responsibilities include engagement management and client relationship management with preliminary decision-making for resolution of critical reportable matters to the firm and client management and co-ordination with professionals of various fields.
My experience with the firm has enabled me to develop a comprehensive understanding of the competitive and regulatory environments of diversified industries and the accounting and internal control systems implemented at various organizations.

Was working as an Assistant Manager à A. F. Ferguson & Co. Chartered Accountants
  • Pakistan
  • janvier 2006 à février 2012

- A. F. Ferguson & Co. Chartered Accountants - a member firm of PWC
Was working as an Assistant Manager in Global Risk Management Services (GRMS) Group of the firm
During the course of my training and employment at PricewaterhouseCoopers member firm in Pakistan (January 2006 to February 2012) I have been engaged in assignments that pertain to Global Risk Management Services (GRMS) / Risk Advisory Services (RAS) and the Audit and Business Assurance Services (ABAS) Groups of the firm.
My experience relates Financial Services advisory including Basel II implementation projects, Review and Documentation of Capital Calculation Methodology as per Basel II, Sarbanes Oxley 404 / PCOAB and COSO advisory and consultancy on business processes, risk and controls.
In addition I have lead large teams in external audit of financial service such as the largest general insurance company in Pakistan, various commercial banks and funds.

Éducation

Baccalauréat, Applied Accounting
  • à Oxford Brookes University
  • janvier 2006

BSc. Applied Accounting Oxford Brookes University 2006 * Secured First Class Honours

Specialties & Skills

Oracle OLAP
Business Objects
Cash Flow
Financial Planning & Analysis
ACCOUNTING
Financial & Management Reporting
Financial Analysis, Planning & Control
Powerpoint
Finance Business Partner
Accounts Payable, Receivable, General Ledger and Fixed Assets
Hyperion

Langues

Urdu
Expert
Anglais
Expert

Adhésions

Association of Chartered Certified Accountants
  • Fellow
  • November 2009

Formation et Diplômes

Chartered Accountant (Certificat)