Head Of Finance
AL NASSER HOLDINGS
مجموع سنوات الخبرة :28 years, 3 أشهر
Website: www.anholdings.com
- A leading multi-disciplined business conglomerate with more than 50 Companies in the Group &
having a wide range of business interests in the fields of Real Estate, Retail, Investments, Oil-field
Supplies, Cathodic Protection, Oil & Gas Storage, Hospitality, Food & Beverages, Construction,
Manufacturing Industries (Steel, Polymers, etc.) & Agency / Sponsoring with ISO Certification for
most of the Group Cos. & employing more than 5, 000 employees
- Leading a team of 2 Chartered Accountants, 2 Accountants & 1 Senior Administration Executive
and reporting to the Group Chairman (Owner) & Managing Director.
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Functions -
Finance & Accounts : In-charge of Managing Finance & Accounts of the Group Holding Co.
Budgeting Detailed extensive budgeting & monitoring thereof vis-a-vis actuals of the
Group Holding Co.; variance analysis cost-centre-wise & implementing
corrective actions
Treasury Developing, planning & programming tools to meet the Long-Term & Short-
Term Cash Management for the Group Holding Co.; suggesting to Group
Chairman of investment avenues of surplus funds, simultaneously ensuring
minimum liquidity position at both Corporate as well as at Group Cos.’ level
to minimise borrowing costs
Consolidation Consolidation of Group Audited Financials in computerized environment as
per IFRS
Audit Central coordinating point for statutory audit of the entire Group;
UAE Corporate Tax Central coordinating point for UAE Corporate Tax of the all Group Entities
MIS & Budgets Analysis of MIS & Budgets of Group Cos. of diverse business backgrounds;
Board Meetings Attending Board Meetings of Group Cos. in Retail, Real Estate, Construction,
Hospitality & Manufacturing Industries for contribution from Accounts &
Finance perspective;
VAT Spearheading the VAT Implementation procedures for all the Group Cos.
Insurance Central coordinating point for all Insurance aspects of all the Group Cos.;
Ensuring adequacy of Insurance coverage for the group, coordinating with
Insurance Brokers for the Policy renewal terms, reviewing quotes obtained
for the renewal & awarding Insurance contract
New Ventures Feasibility studies of new business proposals & financial projections
preparation - viz., salon business, coffee shop business, events management
business, etc.;
Bank Finance Arranging of bank finance for new branded salon business
Confidential Report Preparation of confidential reports (based on requirements of Group
Family Office Attending to entire financial & confidential subjects of Group Chairman & all his family members;
Internal Controls Designing & implementing systems, policies & procedures to ensure internal financial controls
HR & PR Officiated for 3 years as Head of HR dept., led a team of 3 HR Personnel (aggregate staff strength: 197); Designing & producing of Group HR Manual after 12 years
Internal Audit Officiated for 7 months as the Head of the Group Internal Audit dept., led a team of 3 Chartered Accountants; Formulation and implementation of Internal Audit Plan to ensure adequate coverage of the Group’s business activities in line with group mission & vision
Website: www.sharafgroup.com
Sharaf Group UAE comprises of over 60 operating companies in Shipping & Logistics, Garments &
Electronics Retail, Real Estate, Financial Services, Travel and Tourism, etc. with operations in more
than 20 countries.
Joined as Head Finance & Accounts of Sharaf Garments Retail with renowned brands like Forever 21, Woolworths, Sanrio (Hello Kitty), Cotton On, etc. &. Operations in 12 countries - GCC, Jordan, India, Malaysia, Singapore, Indonesia and Thailand. Was reporting to the CEO & Executive Director and leading a team of 20 members.
Accounting overall responsibility of management accounts preparation of the 12 countries, including annual statutory audit and consolidation of accounts
Financing negotiation with banks for term loan (capital expenditure) and working capital facilities & structuring them to suit the business requirements (secured SGD 3.15 mn loan from HSBC Bank, Singapore and THB 40 mn loan from HSBC Bank, Bangkok)
Budgeting introducing for the first time the concept of month-wise & shop-wise profitability budgeting tools; preparation of month-wise projected cash budget of all 12 countries’ operations
MIS overall responsibility of monthly MIS preparation of around 70 stores across 12 countries as per deadlines and analysis of variances and generating exception reports
Tax Planning implementing effective tax management tools, resulting in corporate tax savings in South East Asian countries & Indian operations
Payroll overall responsibility of rolling out accurate & timely payroll (size 1, 000+ employees) within month-end
HR being part of HR Manual drafting committee (along with HR Director of Retail Group), engaged in designing of a detailed HR manual
New Ventures extensive involvement in setting up of operations in new & existing countries, viz., Russia, Lebanon & KSA
Logistics overall responsibility of Logistics functions in all 12 countries, detailed analysis of vendors’ Standard Operating Manuals, and negotiation with 3rd Party Logistics vendors for overall cost reduction
Others successfully recovering over AED 500, 000 worth of old outstanding security deposit lying with Mall Management(s)
Reason for leaving : Profile got majorly shifted from core areas of expertise
Website: www.parisgroup.ae
Paris Group has the biggest retail chain in the UAE with over 175 shops in GCC. The Fashions
sector includes renowned brands, viz., Versace, Gianfranco Ferre, Cerruti 1881, Calvin Klein,
Pierre Cardin, Ted Lapidus, Azzaro, Balmain, Guy Laroche, etc. The Hospitality sector comprises of
restaurants & outlets like Biella, Fauchon, Asha’s, etc.
Joined as as Finance Manager, reported directly to the owners in the capacity of the Group’s Finance Head and was leading a team of 25 members.
Accounting reduction in the lead time of generation of annual accounts for statutory audit from 8 months to 2 ½ months from the financial year-end
Financing successful negotiation with new banks for working capital facilities & structuring them to suit the business requirements; arranging for USD 15 mn loan from Standard Chartered Bank, Dubai
Budgeting introducing for the first time in the Group the concept of month-wise & shop-wise profitability budgeting tools; preparation of month-wise projected cash budget
MIS introducing the practice of tracking of actual month-wise shop-wise profitability against budgets, analysis of variances and generating reports by exception
Payroll streamlining operations therein and enabling to roll out accurate and timely payroll within month-end
Accounting Manual designing & preparation of detailed Accounting Manual for the Group’s accounting activities; streamlining the activities flow, achieving significant reduction in generation time and increase in accuracy level of accounting reports
HR designing of, at the request of the Group HR Head, a detailed HR manual for the Group for publishing by the corporate HR dept.
Cost Reduction negotiating with banks in reducing the cr card commission rates and generating annual savings of approx. AED 0.47 mn
Insurance claims successfully closing deals of long pending insurance claims in Co.’s favour
Reason for leaving : Career advancement (wanted to take over bigger challenges)
Website: www.landmarkgroup.com
Landmark Group is one of the biggest and most renowned retail sector companies in Middle East,
with branches spread across entire GCC, Jordan, Spain and India, dealing in brands like
Centrepoint, Baby Shop, Splash, Shoe Mart, Home Centre, Life Style, Fun City together with Max
Fashions, Max Electronics, City Max Hotels, etc.
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Joined as as Finance Executive in Aug ‘02, was promoted to Finance Manager in Jan ‘05 and designated as Senior Finance Manager in Jul ‘06 and was promoted to Deputy General Manager Grade from Jul ‘07. Reported to GM Finance and was leading a team of 18 members
- Overall responsibility for the entire group accounts & it’s functioning
- Group Combined & Consolidated Accounts - preparation, finalisation, consolidation, getting statutory audit done
- Central coordinating point for all audit related issues in the entire GCC region
- Monthly MIS of 3 group parent companies (RNA Resources, Max Holdings and LMG International) & critical analysis of their performance
- Quarterly presentation to the Board of Directors of the exception report on profitability and net worth statement of over 70 monthly MIS-s of all segments across the Group
- Special confidential tasks & reports for Group Finance Director’s and CEO’s office
- Supervision & checking of monthly payroll of around 900 (aggregating gross salary of over AED 8 mn per month), together with final settlement calculations and adherence to Group HR policies
- Tracking of dividend payment to the Partners & authorising of payments
- Significant contribution in formulating of Group’s initial HR policies & subsequent editions
Reason for leaving : Career advancement (wanted exposure in Financing & Treasury functions)
Served from Dec ’01 to Jul ’02 as Assistant Manager (Group Business Audit) in their Corporate Office in Mumbai (India), was reporting to Vice President (Group Business Audit). Involved in audit of variety of functional areas.
Reason for leaving : Wanted to shift to mainstream Accounts & Finance after 6 ½ years of Statutory & Internal Audit experience
Served from Jun ’98 to Nov ’01 in the Internal Audit Department as Audit Executive, reported to Chief Internal Auditor. Involved in the audit of various functional areas.
Reason for leaving : Transferred to Group Head Office of RPG Enterprises
Served as Qualified Assistant. Had extensive exposure in Statutory, Tax and Fund Audit of renowned enterprises, viz., ITC Ltd., Britannia Industries Ltd., ICI India Ltd., Duncan Agro Industries Ltd., Goodricke Group Ltd., Hind Lever Chemicals Ltd., The Statesman Ltd., etc.
Chartered Accountant (ACA Membership no. 057702 from Institute of Chartered Accountants of India / www.icai.org) – qualified in November 1995 term with 90% in Advanced Accountancy and > 75% in Management Accountancy in CA Final. Also, scored 90% in Mathematics & Statistics in CA Inter.
Bachelor of Commerce from St. Xavier’s College, Kolkata in 1st Class (rank 19 in Kolkata University) - 1991