Rami Albess  , Director Of Finance

Rami Albess

Director Of Finance

Qatar Foundation

Location
United Arab Emirates - Dubai
Education
High school or equivalent, ACCOUNTING
Experience
16 years, 3 Months

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Work Experience

Total years of experience :16 years, 3 Months

Director Of Finance at Qatar Foundation
  • Qatar - Doha
  • My current job since January 2020

Highlights:
1) Revenue growth and improved financial performance of OFA & 14 regional subsidiaries, through:
 Designing the finance structure for magnitude Projects, "Off-Balance Sheet", and managing the project's cash flow for re-payment.
 Successfully mobilized up to $ 14.5 million of FIFA funds to finance development projects in Oman. (Aspire Business Center).
 Successfully re-organized and re-structured of 14 regional subsidiaries, resulting in cost savings of $ 7.5 million over 5 years.
 Resolved old claims and cases issues in several regional subsidiaries, through directed negotiations and implemented of settlement plans with the 2nd parties, leading to savings of $ 2.1 to 2.8 million.
 Successfully launched cost reduction strategy and investment plan during the recession in 2020, resulting in cost savings of $ 1.7 million over 2 years.
 Established joint ventures (JVs) with partners, and supply agreements with major vendors, by implementing "cost reduction approach".
 Worked closely with ministry of finance, successfully closed unnecessary bank guarantees and bank fees, resulting in cost savings of $ 320 thousand.
2) As a result, succeeded to cover the "Accumulated Losses", through financial statements analysis, operating ratios, financial control and well cash-flow management.
 Awarded by OFA “The Best Improved Function” in 2018 for astute execution of financial strategies.
 Awarded by FIFA "The Best Financial Practices" in 2015 for supporting the governance and transparency in presentation of the Financial Statements, which helped the stakeholder in their designs.

Responsibilities:

 Develop fundraising strategy and manage relationships with grantors, donor and partners.
 Drive Ethics Management and support Corporate Governance within both internal & external stakeholders.
 Developing the financial policies and procedures, rules, and regulations.
 Actively participate in developing and refining the company’s strategy and business plans.
 Controlling the flow of cash and disbursements to meet business and investment needs.
 Driving the financial planning and related ongoing advice for the CEO and executive management.
 Providing commentary and analysis at senior leadership team and at Board levels.
 Directed the implementation of the ERP, reporting system and KPI’s.
 Steering implementation process of strategic projects.
 Responsible for the current and future financial well-being of the company.
 Presenting general assembly financial reports, providing guidance and recommendations to stakeholders.
 Oversee and assist in tax filings and compliance documentation

DIRECTOR OF FINANCE at Oman Association
  • Oman
  • January 2014 to December 2019

Responsibilities:

•Designing the financial policies and procedures rules and regulations, and budget manual.
•Actively participate in developing and refining the association’s strategies and business plans.
•Develop & consolidate the group budget, and ensure monitoring of financial performance vs budget
•Controlling the flow of cash and disbursements to meet the business and investment needs.
•Establishing board-level reports that are sound and comply with best practices.
•Directed the implementation of the ERP, reporting system and KPI’s for 14 regional subsidiaries.
•Establishing a board level reports, that are sound and comply with the best practices.
•Harmonize and integrate major operational contracts, proposals and CAPEX decisions.
•Ensure the integrity of the financial system, safeguard the assets, and the completeness.

DIRECTOR OF FINANCE at NIRVANA
  • United Arab Emirates
  • January 2010 to December 2013

Responsibilities:

•Managing the financial resources of the group and conduct resource planning for future needs.
•Designing the group's financial policies and procedures.
•Monitoring the preparation of the group's annual budget, presenting the reports to the B.D
•Prepare short and long-term financial forecasts and analysis reports to the stakeholders.
•Ensuring the integrity of the financial system, safeguard the assets, and the completeness.
•Liaison with Banks for facilities and compliance with the bank procedures for maintaining the credit limits.

DIRECTOR OF FINANCE at Al Ain club
  • United Arab Emirates
  • February 2008 to January 2010

Responsibilities:

•Preparing, monitoring and controlling the annual Budget of the club.
•Enhancing and developing the finance policies and procedures manual.
•Preparing, monitoring and controlling the flow of cash.
•Serve as the

Education

High school or equivalent, ACCOUNTING
  • at SCIENCE UNIVERSITY
  • January 1998

, AMMAN, JORDAN •B.A. DEGREE IN

Specialties & Skills

Analysis
Budgeting
Oracle ERP
Internal Controls
Financial Management
BUDGETING
FINANCIAL
MANAGEMENT
POLICY ANALYSIS
PRESENTATION SKILLS
FINANCE
APPROACH
BALANCE

Social Profiles

Personal Website
Personal Website

URL removed due to policy violation. Please contact support for further information.

Languages

Arabic
Native Speaker
English
Expert

Training and Certifications

CFM (Training)
Training Institute:
International Association of Bookkeepers - UK
Date Attended:
January 2020
CMA (Training)
Training Institute:
International Association of Bookkeepers - UK
Date Attended:
January 2020