Finance Manager
Orascom Construction
Total years of experience :22 years, 5 Months
Financial planning & budgeting for the Holding Group of Orascom Construction, responsible for planning, budgeting
Drive strategic initiatives to ensure revenue and profit growth.
Analysis profitability and gross profit margin on project by project basis.
Build complex models to prepare budget plan and revised by forecast and outlook compared with actual result on a monthly basis keeping twenty-four months on continual budget plan.
Interact with other cost control engineer to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
Studying cost elements and make recommendations to minimize and reallocate them.
Establishing an effective management information system/budgetary control system in the company on HFM application.
Electing an appropriate accounting treatment.
Preparation of monthly management reports and quarterly board reports including timely analysis and commentary of discrepancies.
Assist in decision on merge, demerge, acquisition and disposition of assets.
Solving Tax-treaty issues.
Preparing of financial statements, financial reports, financial projection, special analyses, and information reports.
Build relationships with the core banks with company to raise fund and long and short term facility and develop a relationship on win to win
Interact with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
Establish and maintain appropriate internal control safeguards.
Financial Manager for the Holding Group of The Investment Dar Companies, I am responsible for reviewing all subsidiaries financial statements (55-subsidiaries in several segments of Banking, Investments, Real Estate, Construction, Financing, Education Service, Collection Services, Management Services, I.T. Consulting) and related monthly performance reports whereby, we have a centralized service for financial accounting and budgeting, this beside running the daily work for the holding (parent) company and reporting to The Central Bank Of Kuwait, Kuwait Stock Market, and Chief Financial Officer.
Monitoring daily bank position to identify idle cash and maximize return.
Prepare review and audit financial statements and reviewing audit requirements.
Enhance Internal Control Environment at Financial Control Dep. efficiency and effectiveness.
Ensure compliance with statutory & regulatory provisions for external audit, legal matters & other applicable laws & statutes.
Reviewing of monthly and Yearly Budget & Forecast, and analysis the variance.
Build complex models to assess investment performance.
Preparing ad hoc report for decision support for top management.
Develops, organizes and coordinates all accounting systems to ensure complete and accurate records of the assets, liabilities and financial transactions.
Preparing analysis for decision on acquisition, disposition and improvement of investment or segments.
During working in this reputable audit firm, I have acquired the essential skills for auditing and understood the various auditing techniques and Approaches of those big Firms.
My Duties and responsibilities during those Years included the following tasks:
• Ensuring the entire work is performed as per Firm’s Standards; ensuring and advising compliance with regulatory bodies.
• Preparing Financial Statements (including Consolidated/Group FS) and drafting audit/review reports in accordance with International Financial Reporting Standards (IFRS) and audit conducted in accordance with ISA.
• Preparation of management letters.
• Planning Materiality.
• Performing internal control reviews (ICR) and assessing control risks.
Duties and responsibilities:
• Auditing Balance Sheets and Income Statements.
• Conducting substantive tests.
• Preparing working papers for various accounts.
• Review evidence in files.
• Preparation of Financial statements.
Certified Public Accountant
Certified Management Accountant