Chief Financial Officer
How United Services WLL
Total years of experience :21 years, 7 Months
(Leading MEP and Facilities Management Company in Qatar, Revenue 50-100M $; Employees 1200-1500; A Joint venture between Interserve PLC of UK and Al Darwish United Co. WLL of Qatar. Global turnover of multi Billion $)
KEY ROLE, DUTIES & RESPONSIBILITIES
o Accountable as Department Head for Accounting & Finance, Human Resources, Administration and Public Relations Department
o Responsible for planning, implementing, managing, controlling & developing all finance, HR and administration related activities
o Assist in formulating the company’s future direction, tactical initiatives, monitoring & directing business plans
o Support/partner with General Manager in preparing monthly General Manager’s reports, quarterly Financial/commercial/business reviews material, annual/periodic Board meetings material including annual business performance review, declaration of dividends and approval of Audited Financial reports etc.
o Develop Financial & Tax strategies focusing on EVA maximization.
o Team training development, coaching & mentoring
o Oversee all financial transactions, processing systems & ensure data integrity
o As Chairman of Pay review committee, recommend to General Manager annual pay increments recommendations
o Ensure compliance with IFRS, GAAP, Qatar Labour Laws and all other relevant commercial/tax/other laws
Notable accomplishments/highlights:
o Instrumental in increasing revenue by 70%, gross margins by 100%, optimized and rationalized indirect overheads to below 8% of turnover
o Leading role in trimming WIP (Work in progress) by 25% by closely collaborating with contracts and commercial teams in speedier certifications, timely cost release, accounting support, value added analysis etc.
o Key role in improving return on working capital by 25% during 2010-2015 by optimizing fixed assets, current assets and third party liabilities
o Moved from legacy accounts in Tally to modern ERP system by playing a lead role in successful design and implementation of ‘Coins’ as a super user from May 2013 to date.
Highlights:
Improved working capital management by 20-25%, revenue by 300% and net profits by 25%.Served on the Management Executive Board and took strategic business decisions along with Chairman and Board members.
Streamlined reporting structures, trimmed overheads, reduced Inventories and work-in-progress, and overseen joint-venture business interests.
Organized cleaning of books of accounts producing timely, accurate and reliable reports.
Managed a team of 4 professionally qualified staff
Presented monthly financial reporting package for over 20 properties to management as per REIT regulations of Canada
Ensured timely audit of parent company and over 20 subsidiaries’ annual accounts and submission of audit reports to key stakeholders on a timely basis
Participated in fortnightly operations meetings and resolved various pending matters pertaining to tax, overdue debts, lease disputes, etc. with tenants
Prepared and presented comprehensive annual budgets and cash flow to management, including periodic forecasts
Ensured timely and accurate tax filings for sales taxes, property tax and income tax
Managed a team of 4 professionally qualified direct reports to take care of AP, AR, GL, Lease admin and general support
Oversee receivables, payable, and petty cash.
Liaise with project managers on monthly performance reviews of budget actual variances, provide feedback on queries and take corrective actions
Ensure accurate and timely submission of monthly financial statements with zero tolerance on deviations to timelines.
Lead production of annual budgeting and periodic forecasts
Manage day to day cash flow and ensure meeting cash flow targets
Ensure timely audit of accounts, involving all Big 4 Audit firms to timely audit various REIT companies as per Canadian Laws.
Work on different assignments for their clients including Morguard Real estate group, construction companies. Role includes monthly financial statements, audit, tax reporting, budgeting & forecasting, statutory reporting etc.
Department manager for Al Aali Shopping complex and land division.
responsible for payments, collections, suppliers, debtors, audit, budgeting, cash flow, audit, legal, tax and general support to General Manager -Finance on special assignments.
Accountable for accounts of 'Nader Aluminium & Glass factories'; Manama Decor, Nader Decor divisions.