Assistant Finance Manager
The Sultan Center
مجموع سنوات الخبرة :8 years, 8 أشهر
- Reporting to Group CFO
• Year-end planning and budgeting process, quarterly business reviews (QBR’s)
• Monitoring and reporting monthly performance of Business units and perform value analysis of operational and financial metrics of the business
• Build robust financial models for the purpose of strategic initiatives, investments and bank facilities renewal purpose.
• Evaluate potential and current investments and build frameworks for measuring ROI, IRR, Pay Back period and other relevant KPI’s.
• Preparing 5 yrs. Long Range Plans for raising funds from the banks.
• Bank relationship management - Facilities Negotiation with the bankers for the entire Sultan center group and overseeing all other bank relationship activities
• Monthly and Yearly Cash Flow Forecast - Includes preparation of actual cash flow and forecasted for the entire group
• Preparation of presentations for the Board and Senior Management.
• Year-end Financial projection and management towards Covenant management.
• Projection of monthly liquidity requirements based on projected cash flows.
• Evaluating monthly requirement of foreign exchange and executing hedging of the same through forward and spot contracts.
• Preparation of Monthly and quarterly treasury report on debt and cash profile, finance cost, Non-cash including LC/LG’s and DBC’s
Reporting to Corporate Treasurer
- Bank relationship management - Participate in bank meetings to facilitate AI financing, Handling bank queries and compliance reporting on ongoing basis.
- Participating in Legal Restructuring of Entities
- Ensure financial ratios are in line with lender covenants.
- Year-end Financial projection and management towards maintaining creditworthiness ratios.
- Projection of yearly funding requirements as per annual budget numbers.
- Monthly consolidation of all business units Forex exposures to hedge them according to the company’s policy.
- Calculate month to month Forward contracts market values from date of initiating deals until the deal is settled.
- Assist business units with regards to new projects or FX exposure concerns and provide relevant solutions.
- Prepare monthly treasury report on debt and cash profile with the relevant details for top management.
- Prepare monthly report on the intercompany balances between the group entities and analyze the same for intercompany settlement and cleanup of books for yearend balance sheet management.
- Monthly cash flow forecast for all business units to ascertain the liquidity requirement across all the business units.
- Implemented Supply chain financing program for group’s business units.
- Implemented P Card Process across all business unit’s.
Financial Analyst, Alghanim Industries, Kuwait
Feburary 2017 till September 2018
• Monitor, track, analyze and report monthly performance of Business units
• Designing and development of new dashboards, KPI’s, Management reports and trackers for various business units
• Budgeting and planning process at Corporate level for all the business units
• Cash flow forecasting and planning - help manage liquidity at Corporate and Business unit level.
Handling a team of four members and reporting to CEO)
* Designed and formulated financial processes and controls in the entity.
* Finalization and preparation of financial statements on monthly and annual basis and
reporting the same to the top management.
* Handling MIS and supervising annual closing of books along with handling statutory and
internal audits.
* Actively involved in preparing and discussing the projections and forecast related to business
growth plans with the Board members.
* Providing effective reports and analysis including monthly cash flow statement, forecasts of
business plans for management decision, EBIDTA Analysis, variance analysis of revenue, expense
and balance sheet movements.
* Relocated the entire finance function of the company and trained the new staff on the best
practices.
* Effectively managing the working capital requirement of the Company.
* Working cohesively with cross functional teams such as content, technology and marketing for
launching and distribution of new product through website as well as through various DTH
platforms.
* Liaising with statutory authorities, banks and other financial institutions.
* Responsible for compliance with various provisions of direct and indirect taxation including
handling assessments and surveys from income tax and service tax department.
* Acted as an active member of the core team in SAP Development and Implementation phase