Finance Director
Nasco Group of Companies
مجموع سنوات الخبرة :28 years, 0 أشهر
Founded in 1997, Nasco Trading Company has evolved into a premier distributor of coffee solutions and consumable products in Kuwait.
1. Developed and implemented financial strategies and plans to support the company's overall goals and objectives. This includes financial forecasting, budgeting, and long-term financial planning.
2. Prepared and presented accurate and timely financial reports to the executive team. This includes income statements, balance sheets, cash flow statements, and other financial performance metrics.
3. Identify and assess financial risks, and develop strategies to mitigate them. This involves managing debt, and insurance strategies to protect the company's financial assets.
4. Conducts in-depth financial analysis to provide insights into the company's financial performance and make recommendations for improvements. This includes analyzing costs, revenue, and profitability.
6. Manage the company's cash flow, ensuring that it has the necessary funds to operate efficiently. This involves managing banking relationships and optimizing cash management.
7. Compile financial documents and coordinate with external auditors to fulfill audit obligations.
8. Oversee the Finance Department, including teams responsible for accounting, financial planning and analysis, and treasury. Provide leadership, guidance, and development opportunities to the finance team.
10 . Collaborate with the executive team to provide financial insights and support strategic decision-making. Help identify opportunities for growth and efficiency improvements.
11. Financial Software: Microsoft Dynamics 365
First Kuwaiti General Trading & Contracting Company (FKTC) is one of the major contractors and services providers in the region.
(1) Report to Managing Director and partner with all the operational heads to resolve any issue that arises.
(2) Oversee the functions of the Finance Department with a 19 members team
(3) Oversees all financial transactions, including treasury, receivables, payables, reporting, etc.
(4) Coordinate all financial audit requirements and also responsible for finalization of external audit.
(5) Redesigned and standardized financial reports and presentations for top management.
(6) Establish and maintain relationships with banks, external auditors, joint venture partners, suppliers, and customers.
(7) Evaluate and track the assets and investment of the company periodically
(8) Coordinate with banks for project financing and managing short term and long term requirements of the business
(9) Prepare and present a timely and accurate analysis of budgets, financial reports, and financial forecasting.
(10) Report to management on variances from the established budget, and the reasons for those variances
(11) Monitor performance of direct subordinates and guide them in managing their performance
(12) Ensure that subordinates are aware and familiar with assigned tasks and responsibilities
(13) Assist subordinates in resolving any problems, discrepancies and enquires.
(14) Preparing Financial Report for audit purpose including consolidation.
(15) One of the key personnel in implementing Microsoft Dynamics AX
(16) Accounting Software: Microsoft Dynamics GP and implementing Microsoft Dynamics AX
Kout Food Group (KFG) a Kuwait Shareholding Company involved within the food and services sector. KFG already manufactures to international brand for Burger King, Pizza Hut, Kababji, Applebee's, etc. With a vision for the future and building on its current foundation, Kout Food Group has developed this specific factory to provide unlimited food production capabilities.
(1) Head of a Team of 30 and was reporting to GCFO
(2) Manages the preparation of monthly analysis of revenue, cost of goods sold, labour and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate any costs or risks at the unit.
(3) Analyse financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.
(4) Responsible for taking care of Kuwait & Kurdistan accounts department and resolving all the issues related to that.
(5) Reviewing the report before submitting to CMA and making sure that the quarterly report is submitted on time.
(6) Maintain banking relationships and oversee the operations of the treasury department
(7) Engage in ongoing cost reduction analyses in all areas of the company
(8) Participate in target costing activities to create products that meeting predetermined price goals
(9) Assist in the determination of product pricing in relation to features offered and competitor pricing
(10) Work well with people, aggressively anticipate impacts of workload/issues to team deadlines and have a very positive work attitude including willing to work some longer hours during peak periods.
(11) Advanced Excel skills, ability to work with lookups and pivot tables.
(12) Strong organizational, analytical and interpersonal skills.
(13) Strong verbal and written communication skills.
(14) Perform all other duties as assigned and required.
(15) Coordinating with KPMG and Boubyan Auditing Office for the quarterly review and annual auditing
(16) Accounting Software: SAP
The Kuwait Company for Process Plant Construction & Contracting K.P.S.C. (KCPC), Pioneer and Leaders in Building, Civil Construction and Infrastructure Development. The Group is having 6 subsidiaries including two manufacturing facilities with an annual turnover of more than USD 150 million.
(1) Restructured Finance Department by individually evaluating each staff member and redefined their job roles.
(2) Was the person in charge for implementing CMA regulations through Protiviti.
(3) Participated in the development of Corporate Governance Policies, Procedures and Charters, etc. to comply with CMA regulations.
(4) Prepared Quarterly Progress Report to submit to CMA, using the template issued by the CMA
(5) Strengthened relationship with the banks.
(6) Responsible for the timely preparation of the budgets and managing and controlling them effectively.
(7) Responsible for the presentation of annual and quarterly review financials to the Board for informed decisions and coordinated Board Meeting with severe time and resource constraints.
(8) Established and maintaining appropriate internal control safeguards in Finance Department.
(9) Responsible for the consolidation of group accounts, P&L management, and fixed assets management.
(10) Coordinating with Deloitte & Touché (D&T) and Crowe Horwath for the quarterly review and annual auditing
(11) Accounting Software: SAP
The Group has franchisee for reputed brands like Panasonic, Sharp, Citizen Watches & York for Kuwait region and is operating in Kuwait, Dubai and Saudi Arabian territory with more than 2000 employees and over $400 Million Turnover.
(1) Head of a Team of 12 and was reporting to CFO
(2) Financial planning and forecasting for new projects.
(3) Responsible for the timely preparation of the budgets.
(4) Responsible for the monthly, quarterly and annual closing as per the deadlines.
(5) Responsible for the consolidation of group accounts, P&L management, and fixed assets management.
(6) Participated in the Implementation of SAP FI, MM and SD modules.
(7) Coordinating with Rodl Middle East for annual auditing
(8) Accounting Software: SAP
Liwa Group an Abu Dhabi based company has more than 150 retail outlets in UAE, Bahrain, Kuwait and Qatar. The Group has franchisee for reputed brands like Bhs, Calvin Klein, Dwell, Gant, La Senza, Nautica, Tammy, etc.
(1) In charge of Finance Department for Kuwait operations was reporting to CFO in Abu Dhabi
(2) Handled the 7 members of Finance Team of Kuwait operations
(3) Responsible for the preparation of Flash Report and Management Report on the first day and on the fifth day of the coming month respectively.
(4) Responsible for the preparation of budget for the Kuwait operations.
(5) Responsible for the preparation of projections for opening stores in new malls.
(6) Negotiate for new credit lines, restructuring the existing credit lines, etc.
(7) Accounting Software: Microsoft Dynamics NAV
(1) Handled a team of 15 including Finance Department Head, Warehouse Head, and Head of Administration.
(2) Restructured the Finance, Warehouse and Administration Departments.
(3) Responsible for coordinating with the external auditors regarding the preparation of external audit of materials and external financial reporting.
(4) Responsible for the preparation of monthly profit and loss, project profit and loss and department profit and loss.
(5) Was responsible for calculation of manpower cost and other costs for various tenders.
(6) Responsible for handling store materials like building materials, refractory materials, insulation materials, marine materials, etc.
(7) Participated in the implementation of Oracle based ERP solutions MCA Enterprise
(1) Done the finalisation work for the financial year 1998-99.
(2) Handling cash, bank & complete accounts.
(3) Coordinated with External Auditors for annual audit.
(4) Coordinated with Financial Institution for Term Loan.
(5) Accounting Software: Tally.
The Group is having four companies, out of which three are factories located in various places in Kerala. Two of the factories manufacture Ferro Silicon and one factory manufacture Calcium Carbide. The group has more than 1000 employees.
(1) Handled a team of 25 accountants including three Factory Finance Department Heads.
(2) Successfully managed four companies under its wing.
(3) I was reporting directly to MD.
(4) Every month we adopted new methods of cost reduction and evaluated the performance.
(5) Responsible for coordinating with external auditors for the annual audit of the factory accounts.
(6) Computerised factory accounts and trained three factory accountants for 6 months.
(7) Accounting Software: Tally
(1) Responsible for handling project implementation work such as Project Report, Progress Report, Cash Flow, Managing Working Capital, etc.
(2) Coordinate with External Auditors to get the status report done for submitting to financial institutions, etc.
(3) Complying with legal formalities for setting up of the company.
Certified Internal Auditor (USA) Certification No: 103991 dated July 2011, The Institute of Internal Auditors, Inc.
Associate Member of ICWAI Certification No: C/28461 dated November 2009, The Institute of Cost and Works Accountants of India
Certified Financial Manager (USA) Certification No: 4117 dated June 2006. Institute of Management Accountants, Inc.
Certified Management Accountant (USA) Certification No: 26903 dated June 2005, Institute of Management Accountants, Inc.
Master of Business Administration, dated 1996, University of Madras
Master of Commerce, dated 1994, Mahatma Gandhi University