Senior Manager
AMLAK Finance PJSC
مجموع سنوات الخبرة :13 years, 2 أشهر
a pioneer in Sharia Compliant Finance and a leading specialized real estate financier in the Middle East with AUM $2bn.
Responsible for Group accounting policies & procedures, financial planning, reporting and analysis to support business decision making. Reporting directly to Chief Financial Officer and presenting to executive management team.
Accomplishments:
•Core team member of Amlak’s Corporate Debt Restructuring (CDR) team in conjunction with Central Bank, Ministry of Finance, 28 Commercial Banks, Legal Advisors, Financial Advisors over a 3 year period which led to lifting the DFMsuspension on trading of Amlak shares
•LedOracle 12i Suite implementation and the resulting change management of ERP increasing performance and efficiencies.
Primary responsibilities:
•Reviews preparation of group consolidated financial statements on monthly, quarterly and annual basis
•Annual Budget preparation and performance analysis for 20 cost centers, 8 subsidiaries over 4 lines of business (Commercial, Retail, Estate & Corporate Finance Investment).
•Responsible for management reportingpacks and ALCO packs on monthly, quarterly and annual basis
•Review and ensure Groups accounting&treasury compliance with policies and procedures manual
•Working with Acting CFO in preparation of funding strategies and liaising with corporate finance advisors and external parties for securing sustainable funding
•Monthly cash flow analysis and preparing a summarized reports relating to cash in-flow and cash out-flow; invest excess cash in short term wakala with Islamic banks
•Oversees the preparation of Semi - Annual Cash Sweeps to Financers (through Restructuring Facility Agent)
•Responsible for preparation of Restructuring Performance Reporting to Facility Agent
•Reporting on Company Performance and KPIs to Restructuring Monitoring Accountant on an annual basis
•Oversees preparation of monthly, quarterly and annual Central bank Reports
•Preparation of budget and reforecasts after discussion and agreement with from various departments.
•Assist in preparation of departmental strategies which acts as feeder in to overall strategy of the company
•Working with Risk Management Group highlighting risks and monitoring of Risk Register
•Implementation and monitoring Risk Mitigation measures
•Guides and motivates a team of 9 staff to ensure country compliance on Group standard for Audit, Control and financial reporting including reporting of risks
Other responsibilities:
Investor Relations (Nov 2016 onwards): Heads the Investor Relation function in the Amlak reporting to the CFO which includes the following
•Preparation of Quarterly and Year End Financial Press Releases
•Disclosure of Financial Press Releases to DFM through company secretary and wider stakeholders through media distribution.
•Preparation and Project Management of the Annual Report in co-ordination with various departments
•Preparation of Quarterly and Year End Investor Packs for distribution to wider stakeholders
•Liaising with DFM and ESCA on matters related to Investor Relations
•Managing the day to day operational activities of IR department
InformationSecurity (May 2016 onwards): Manages the outsourced Information Security function in the Amlak which includes the following
•Ensuring performance and reporting on Penetration Testing (annual)
•Ensuring performance and reporting on Vulnerability Assessment (semi- annual)
•Reporting on the conduct of DR Site audits to Executive Management
•Conducting training and awareness of the new IS threats
•Liaising with IT department for closure of all identified risk which relating to IS
•Managing the day to day operational activities of IS department
Corporate Strategy Formulation (Jan 2018 onwards): reporting to the CFO and plays a role in the following
•KPI and Objective Setting for departments
•Corporate Business Planning
•Departmental Scorecard Monitoring and Review
•Conducting workshops with consultants and various head of departments for long term and short term strategy formulation
•Managing the day to day operational activities of Strategy department
Nakheelis one of the world’s leading developers and has an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality, and leisure sectors.
To lead budget planning process with commercial team to drive profitability growth and analyze integrated data to support business decision making.
Accomplishments:
•Proficiently completed Palm Jebel Ali (PJA) megastructure revenue and cost budgets.
•Actively played a key role in designing new financial forecast model at group level.
Primary responsibilities were:
•Formulating and implementing the financial polices & procedures in coordination with Corporate unit.
•Designing & implementing new revenue recognition and profitability model in accordance with IFRS.
•Monitoring actual vs. budgeted performance reportand reforecast preparation by collecting relevant data
•Finalization of budget and reforecast proposals including profit & loss, balance sheet and cash flow statements
•Presentation of consolidated budget, forecast and monthly management accounts to management.
•Making the presentation of overhead variance analysis report to department heads on monthly basis.
•Coordinating with internal & external auditors to finalize financial statements of business unit
•Reviewing capital and operating expenditure proposals for Finance Director’s approval.
ENOC is the Dubai Government owned diversified energy group; it is a multi-interest oil and gas group that has operations in Dubai and Northern Emirates in UAE.
To assist in creation of financial & operational reports and reviews which improve financial oversight, decision making ability, business performance and profitability.
Accomplishments:
•Played a key role in implementation ofOracle 9i Suite implementation and the resulting change management of ERP, CRM and SCM increasing performance and efficiencies.
Primary responsibilities were:
•Finalizing the financial statement of Group Company along with monthly submissions of MIS to management
•Coordinating with internal/ external auditors.
•Preparation of daily cash flow forecast reports including monthly treasury schedules for Group Treasury Unit
•Preparation of monthly operational reports analyzing customer business volumes and stock movements.
•Conducting the overhead allocation and variance analysis.
•Follow up for recovery of customer dues & monitoring exceptions daily.
Finalizing month end entries closing entries and assist in preparation of month end trial balance and financial accounts.
•Preparing Bank Reconciliations and daily cash inflow and outflow summary.
•Reconciliation of overseas inter-company branch balances.
•Obtaining monthly confirmation from various overseas branches with regards to monthly shipments and the profit share due on them