Emirates and North Africa Controller
NPS
Total years of experience :23 years, 5 Months
· Monitor and control Cash Flow (actual, budget and forecast)
· Develop and maintain a company’s Financial Policies and Procedures
· Direct the preparation of all Financial Reports, including Income Statements, Balance Sheets, Reports to Group Head Office and reports for Government Regulatory Agencies
· Budget Preparation, Monthly Forecast Estimation. Review, Comparison and Variances Analysis.
· Analyse Business Performance / Results, provide feedback to Senior Management
· Report Financial for consolidation at Corporate Level
· Ensure all Taxation and Legislative Requirements were complied with at all times for NPS Group Entities (UAE, Algeria, Saudi Arabia, Qatar, Oman, India, Iraq, Indonesia, Malaysia, Libya)
· Tax Planning for different countries to determine the Effective Tax Rate (Countries are listed above)
· Complete External and Internal Audits and Financial Compliance Activities
· Bid Evaluation review for the Group Entities: Profit & Loss and Tax computation
· Assist on the ERP upgrade and implementation
· Development, training and mentoring of staff
· Monitoring Debit/credit
· Oversaw Payroll and Benefits
Played a significant role in the development of the Group Finance Function
· Development and successful rollout of the Jagal Group Financial Processes and Procedures Manual
· Implementation of a Standard Chart of Accounts and Reporting Formats
· Successful implementation of Orion ERP across the Group
· Consolidated Monthly Reporting to Main Board
· Management of the Group’s External Auditor’s
· Consolidated monthly Cash Flows
· Development, training and mentoring of staff
· Rollout of Balanced Scorecard
· Working with Divisional Management to strengthen the Balance Sheets to secure financing
Joined a Company that was struggling in Tax Filing for its JVs in Oman and Saudi Arabia, with Accounts Receivables issues, Team Motivation challenges, and instituted Cost Saving Practices.
· Monitored and controlled Cash Flow (actual, budget and forecast)
· Developed and maintained a company’s Financial Policies and Procedures
· Created and completed financial reporting systems (daily/weekly/monthly/quarterly/annual)
· Budget Preparation, Monthly Forecast Estimation. Review, Comparison and Variances Analysis.
· Analysed Business Performance / Results, provided feedback to Senior Management
· Reported, reviewed the JV’s Financial for consolidation at Corporate Level
· Oversaw payroll ($1 million monthly), accounts receivable ($45+ million monthly) and Payable ($17 million monthly)
· Established New Credit and Collection Procedures and slashed Days Sales Outstanding from 145 days to 123 days improving Cash Flow.
· Completed External and Internal Audits and Financial Compliance Activities
· Ensured all Taxation and Legislative Requirements were complied with at all times
Joined the company to establish a new Accounting Department as company started operations in Jordan, spent six months to set up Accounting systems to comply with regulations, established technology and Accounting System created and implemented Company Policies and Procedures for Month End Closing, in charge of P&L Management and Cash Flow.
Seven Direct Reports: Finance Manager, Senior Accountants and Staff Accounts. Budget: $135 million.
· As Project Leader, ensured the implementation of JD Edwards “JDE”. My exposure to JDE in India had an important impact to anticipate on the software issues saved time in the implementation.
· Executed an effective Change Management Process for the Finance and Accounting implementation of JDE ERP System. All staff profiles were reviewed and JDE Training organized so that incumbents met new position requirements
· Directed the preparation of all Financial Reports, including Income Statements, Balance Sheets, Reports to Group Head Office and reports for Government Regulatory Agencies
· Oversaw accounting departments, Budget preparation, and Audit Functions. Met regularly with departments head to keep them informed and to offer direction.
· Ensured the compliance with the Local Laws (Taxes on Salaries and Income, Social Security)
· Reviewed reports to analyse projections of Revenues and Profit against Actual Figures, Budgeted Expenses against Final Totals, and suggested methods of improving the Planning Process as appropriate.
· Analysed company operations to pinpoint Opportunities and Areas that need to be reorganized, down- sized, or eliminated. The review of supplier contracts and follow up on the assets movements and the inventory allocations, contributed to reduce the cost by more than 10%.
· Responsible for Evaluating, Motivating and Appraising the Performance of Subordinates.
· Worked with Accenture in the Time To Invoice (TTI) project to identify the areas for Improvements (system, people and / or Procedures) in order to improve Weatherford DSO. Resulted in a significant impact on Working Capital by improving the Cash Flow.
Eight direct reports: Finance Manager, Senior Accountants and staff accounts. Budgeted Turnover: $105 million.
· Ensured the implementation of the Group Financial Policies and Procedures.
· Directed the preparation of all Financial Reports, including Income Statements, Balance Sheets, Inter-Company Reconciliation, reports to Group Head Office and reports for government regulatory agencies. Ensured all financial statements and reports are in accordance with SOX.
· Oversaw Accounting Departments, prepared and controlled $97 million budget, and audit functions. Met regularly with departments head to keep them informed and to offer direction.
· Reviewed reports to analyse projections of revenues and profit against actual figures, budgeted expenses against final totals, and suggests methods of improving the planning process as appropriate.
· Oversaw cash management, handled all tax reporting and filings.
· Analysed company operations to pinpoint opportunities and areas that need to be reorganized, down- sized, or eliminated.
· Responsible for evaluating, motivating and appraising the performance of the subordinates.
Hadj Ali Audit Practice (HAP) was representing Arthur Andersen in Algeria.
I conducted statutory Audit for firms in Public and Private sector.
I have provided public companies with advice for the Implementation and Evaluation of the Accounting Processes for their transition to autonomy management.
Conducted Reporting Reviews and Financial Audits for Oil and Gas companies operating in Algeria particularly AGIP-ENI Group, BJSP the Joint Venture between ENSP Public Company and BJ Services Inc. With the achievement of all the projects assigned to me I have acquired an experience of the way to conversion financial statements from local GAAP format to US GAAP format.
▪ Conducted and Managed Statutory Audit project.
▪ Managed the Audit Pool Team
▪ Rationalised the Human Resources and Raised Audit Standard to the more willable and thorough.
▪ Implemented Training courses