Financial Manager
Al-Qamar Investment Company (Real Estate)
Total years of experience :9 years, 2 Months
• Heading the Finance function of a legacy real estate family enterprise with interests in commercial spaces, warehousing, residential and hospitality assets under its portfolio.
• Leading a team of accountants to manage end-to-end finance operations of the various group companies within the family business (Saud bin Saad Saadi Co, Stogo Logistics).
• Spearhead activity of comprehensive Balance Sheet sanitisation, implementing corrective actions, justifications to improve Net Assets.
• Reviewing and optimizing potential lease contracts for higher rates based on current market standards.
• Annual Budget Preparation, Revenue and cashflow appropriation towards WIP projects to ensure capital adequacy and healthy Asset-Liability ratio.
• Advising the board over strategic planning, diversification opportunities, performing feasibility studies and risk analyses for upcoming projects.
• Building and leading the Finance function from ground up for group startup (Stogo) focused on Logistics and Warehousing solutions.
• Put structural processes in place to ensure set deadlines are met in closing of annual external audit, VAT and ZAKAT submissions.
• Drive automation in month end closure processes like Expense Variance Analysis, Schedule Preparation, and monthly and quarterly P&L review.
• Developing and implementing annual appraisal process via KPI and KRA monitoring.
• Making learning intervention, evaluating training needs, providing functional and behavioural upskilling of the Accounting & Finance team.
• Targeting Non-Operating Income upsides in current FY through cost-monitoring and increasing revenue through Alternative Investments.
• Revenue Monitoring and Reporting for wholesale investment/lending activities in Real Estate and Corporate Finance verticals at Piramal Capital (AUM USD $6.4 bn).
• Creating and Maintaining EIR Financial Models as per Ind-AS/IFRS standards.
• Computing monthly XNPV, XIRR in EIR cashflow models on Excel of over 300 wholesale deals for reporting scheduled vs actual cashflows.
• Periodic Computation of SLR, CRAR, SBL/GBL (single & group borrowing limits).
• Providing detailed MIS on monthly basis and preparing financials in month-end and quarter-closure for assets held in PCHFL, PHLFIN and PEL. (group companies).
• Reconciliation of total outstanding debt, rate changes as per PPLR(Piramal Prime
Lending Rate) and pre-closures impact.
• Working closely with Risk Management for allocation and re-allocation of assets between entities to meet regulatory requirements.
• Experienced in regulatory compliance for NBFIs and management of audit closure with both internal and external auditors.
• BASEL II Norms and compliances in line with Reserve Bank of India guidelines.
• Regular cross-functional collaboration with Treasury and Investments team to support in closure of company Borrowings (CPs) and Syndication opportunities respectively.
• Wide and detailed exposure in global Real Estate and Funds market.
• Led Automation of complex processes including EIR computations.
• Supported in integration of eDHFL(acquired) with ePCHFL for systems and processes, gained crucial M&A, merger-demerger experience for large, listed corporations.
• Took on additional role of Asset Securitization in newly formed Retail Finance vertical.
• Carrying out project valuation via Discounted Cash Flow (DCF), Performance Multiple (PM), and other valuation models.
• Revenue forecasting for all service lines based on past trends/achievements.
• Identifying variances and deviations from business plan and its impact analysis on cash flow, profitability, etc.
• Justifying assumptions used in the modelling process during review meetings.
• Maintaining and analysing Business Plan, P&L, EBITDA, for each project and highlighting core issues and risks.
• Undergoing workshops and training providing insight into London Real Estate and creating report-based summaries to senior management.
• Managing the full spectrum of Account Payables and managing responsibilities assigned to junior team members.
• Posting and reconciling ledgers on SAP.
• Managing cashflow statements and providing monthly summaries of accounts.
• Monthly Bank and Intercompany Account Reconciliations with up to 40 DHL offices globally.