Director Of Finance
AL SHARQ INVESTMENT LLC
مجموع سنوات الخبرة :30 years, 9 أشهر
Key Role & Accomplishments:
• Efficiently Managed Loan syndication of AED 1.3 Bn for Hotel and off-plan Apt with lenders,
• Effectively managed cash flow for the company to complete the project,
• Efficiently association with financial institutions to expand sales opportunities for the company,
• Conquered exceptional various approvals from RERA and Management of Escrow Account for off-plan development, Ensured timely disbursement from Trust Account.
• Accountable for leading the finance, HR and admin team and adhering to the company’s policies and procedures, Risk Management and financial operations,
• Conduct reviews and evaluations for cost-reduction opportunities, and communicate strategy and policy decisions to senior management
• Liaise with statutory, internal & authority auditors to ensure appropriate monitoring of the company’s policy and procedures are maintained.
• VAT Implementation and management
• Liaising with banks on syndication loan facilities for project financing.
• Tracking Financial Covenants and reporting Periodic updates and information on projects to banks.
• Conducting the engagement process of project valuers and facilitating information for project valuation.
• Providing with financial aspects of contract negotiations
• Coordinating with a Legal counsel for miscellaneous legal services required for company structure and registration etc.
Key Role & Accomplishments:
• Raised AED 230 million from financial institutes for 2 projects.
• independently developed the entire finance process from inception and successfully streamlined entire Finance and accounts Operations.
• Directed Finance & Admin team and implemented ERP in the company.
• Human Resource Cost Restructure Planning.
• Achieved savings of AED 4 M by efficient commercial negotiation with business partners
• Monitoring document flow process and incorporating periodic reporting tools to control and analyse risk and wastage
• Accountable for the implementation & monitoring of corporate policies & procedures.
• Plan, direct and control the financial policies including preparation and submission of MIS on a periodic basis
• Responsible for analysing Cash flow, fund management, Department budget, variance reporting
• Controlling and scrutinising Trade accounts receivable periodically and taking necessary decisions on collections.
• Coordination with vendors on various business proposals and commercial negotiations.
• Coordination with banks for disbursement of funds from the project Escrow account and fulfilment of RERA compliance.
• Coordinating with banks & financial institutes for Project Finance.
• Conducting an initial review of Investment Proposals.
Improved territory’s overall performance
Responsible for periodic Management reports with analysis of Key Indicators: e; sales, orders placed, stock in a month, Mark-up analysis, GP ratio, stock ageing etc.
Report variance analysis to territory managers for their outlet performance.
Associated with the team for consolidation & review of sales, cost budget and forecasting.
Successfully and timely tax deposits, consolidation and submission of Tax reports to various government authorities.
Successfully managed and controlled Accounts payable
Accomplished scrutiny of Capital Expenditure for all branches, controlling and periodic review of assets
Played a key role in the core team in the implementation of the Sun system and data migration.
Independent Charge of the Finance & Accounts Department.
Functioned as the first point of contact for the company’s processing branch for accounts, banking, consolidation, budgeting, inventory controls and assisting auditors for statutory audit of financials and management reporting
Successfully conducted various internal audits, bank audits, and statutory audits under senior supervision.
Post Graduate Diploma in Business Administration, Specialization in Finance
Accounting, Financials, Commerce, Business Law, Company Law