Financial Controller
Al-Futtaim Group (Qatar & UAE)
Total years of experience :30 years, 0 Months
Key Achievements
Turned the loss-making divisions to profit by successfully formulating strategy, financial policies, and procedures, implementing internal control, scrutinizing project related activities, speedup collections and reversing the provisions.
Achieved a targeted cost cutting of 5% by analyzing various activities/factors
Vital contribution in selection and implementation of ERP software and accomplished the implementation process within the stipulated time frame.
Setting up of new businesses in different geographies
Fought and won three legal cases collecting old outstanding debts of 60 million Qatari Riyals
Hold credentials in drafting and implementing company annual budgets and project budgets.
Meticulously arranged project finances and general facilities (LC, LG) for large projects with project value of Qatari Riyals 700 million and above with minimum finance cost.
Stellar in arranging and organizing training to all finance and non-finance personnel for understanding complexities involved in financial activities which help them to understand their regular job activities.
Awarded integrity and honesty award by the Board.
Key Responsibilities
Lead role in diversifying the business to Qatar by establishing a new company called Hamad and Mohammad Al-Futtaim (HMAF) in Doha under Dubai based Al-Futtaim group.
Managed, Finance, Accounts, budget, forecast, Tax, Audit, Procurement, Admin & HR of six divisions of HMAF (MEP, Elevator, Building Products, Scaffolding, Facility management and Technologies)
Working capital management and credit control system resulted in reducing debtor’s turn days by 50%.
Set up and funding of Vendome Mall MEP projects (JV with Voltas). Qatari Riyals 700M and 148K SQM and Doha Festival City MEP Projects of Qatari Riyals 500M and an area of 600K SQM.
Acted as a member of the JV board of Directors for a period of one year
Collaborated with Toshiba Elevators and Roca sanitary products (Spain) to sign of agency agreements.
Managed group Tax, group Audit and all the regulatory works of entire Al-Futtaim group in Qatar (More than 15 companies of the group)
Along with entire Qatar operation, successfully managed Dubai operation of Facility management, Building products and AC divisions.
Develop tools and systems to provide critical financial and operational information to MD and make actionable recommendations on both strategy and operations.
Maintain a strong relationship with lending institutions to source prospective investment deals
Board presentation and meetings
Establish strategic financial objectives and key performance indicators (KPIs)
Identifying, understanding, and discussing financial risks and opportunities and discussed with regional management and working with teams to deliver / resolve them.
Plans that support strategic direction set by board while correlating with annual operating budgets.
Examining & evaluating financial systems, management procedures, and internal controls to ensure that records are accurate, and controls are adequate to safeguard against fraud/misrepresentations.
KEY Responsibilities
Handle all matters related to financial management, Audit, group consolidation, compliance, governance and internal control, risk management, treasury, and funding.
Act as a business partner to deliver sustained growth, support different business verticals, Budgeting and Forecasting, tracking business performance, feasibility studies on business expansion and new business opportunities.
Lead the financial transformation projects for the group, drive business performance through analysis, and cost control measures.
Performing business and financial analysis; investigating and understanding key business & financial issues behind the numbers and providing clear, concise, and timely recommendations.
Driving the organization’s fiscal strategy and working collaboratively with stakeholders to achieve organizational strategic goals through analysis and reporting of all aspects of commercial, financial input, forecasting and planning, managing, and developing Finance & Accounts teams.
KEY Responsibilities
Assess and evaluate financial performance of the Company with regards to long-term operational goals, budgets, and forecasts
Provide insight and recommendations to both short-term and long-term growth plans of the Company
Identify, evaluate, acquire, and implement systems and software to provide critical financial and operational information. Evaluate Group companies finance function and make suggestions for automating processes and increasing working efficiency
Manage the overall cost base of the company, with particular focus on identifying opportunities for intra-company synergies across different functions that can result in meaningful improvement to the bottom line of the company
Review and ensure application of appropriate internal controls, compliance, and financial procedures
Working with group legal to ensure appropriate legal compliance
Represent the Company to banks, financial partners, institutions, auditors, and other officials
Ensure timely filing Zakat return
Implemented budget and expense control measures to improve profitability and cost efficiencies
Fellow Member of CIMA (UK)
Fellow Member of CPA Australia
CPA from United States in the year 2004
Passed Intermediate Exam (Two groups out of Four) of IMA
Passed Bachelor of Commerce (Honors) B.Com from India