سلطان Mukadam

(Confidential Group is one of the leading construction, Facilities Management, and manufacturing groups in the U.A.E)

• Developed and executed financial policies, procedures, internal controls, and accounting standards, resulting in a significant reduction in financial errors and enhancing overall accuracy and timeliness of financial reporting.
• Rectified errors and enhanced ERP system performance by 50% from previous levels, facilitating more efficient operations.
• Established goals, monitored progress, and evaluated outcomes to align departmental objectives with organizational goals and operational needs.
• Created monthly performance analysis reports for comprehensive business reviews, addressing operational inefficiencies and reducing costs.
•Ensured timely preparation and finalization of monthly and annual accounts for the group of companies.
•Managed cash flow and liquidity, implementing effective cash management strategies that improved cash conversion cycles and reduced borrowing costs, while securing approximately AED 350 million in bank facilities for project finance and working capital needs.
•Implemented a robust budgeting process that decreased overall expenses and enhanced financial forecasting accuracy.
•Evaluated and monitored project timelines, costs, and profitability, ensuring projects were completed within budgeted profit margins and timelines.
•Report and share timely and accurate information with stakeholders, providing advice on financial position, status trends, and risk analysis to keep them fully informed about the organization's condition and important influencing factors.
•Negotiated & agreed terms & conditions with vendors and insurance company for better pricing and insurance premiums and maximizing benefits.

• Sr. Vice President - Finance & Accounts (CFO) - Al Faraa Group - ADH, UAE June 96 - Aug 20
(AL FARAA GROUP is one of leading Construction, Real Estate, Facilities Management Trading & manufacturing, group in U.A.E, Qatar, Saudi Arabia & India with annual turnover more than US$ 1.0 billion)

• Orchestrated financial turnaround and pivotal growth by establishing initial financial controls and a robust reporting function. Provided leadership, coaching, and mentorship to the accounting team, resulting in a 20% increase in productivity and a 10% reduction in staff turnover.
• Developed and executed rigorous financial policies, procedures, internal controls, and accounting standards, significantly reducing errors and heightening accuracy in financial reporting.
• Successful implementation of an ERP system across the group, achieving a 20% reduction in operational costs and enhancing process efficiency and information integration.
• Managed the consolidation of group accounts and engaged Deloitte & Touche as statutory auditors, ensuring compliance and accuracy in financial statements.
• Negotiated with banks and financial institutions to secure approximately AED 1.00 billion in both funded and non-funded facilities, including Term Loans, Project Finance, bank guarantees, Letters of Credit, and Bills Discounting.
• Implemented a comprehensive budgeting process that resulted in a substantial reduction in overall expenses and improved financial forecasting accuracy by approximately 20%. Monitored project timelines, costs, and profitability closely to optimize efficiency and profitability.
• Developed and presented monthly performance analysis reports to conduct comprehensive business reviews, identifying and addressing operational inefficiencies to enhance efficiency.
• Report and share timely and accurate information with stakeholders, providing advice on financial position, status trends, and risk analysis to keep them fully informed about the organizations condition and important influencing factors.
• Negotiated & agreed terms & conditions with vendors and insurance company for better pricing and insurance premiums and maximizing benefits.

• Handled finance, accounts, costing and budgeting functions
• Ensured timely preparation & finalisation of monthly & annual accounts of factory
• Supervised cash flow requirements of the company to review cash position & forecast funds required for numerous expenses
• Generated annual budget & submission of monthly accounts in comparison with budget & variance analysis
• Helped management in achieving optimum profit through cost control
• Improved product mix and optimum use of resources
• Maintained the minimum level of stock & prepared material movements in order to avoid unnecessary blockage of money in stock

•Responsible for monthly, quarterly and annual Operational results, Budget variances, reporting, and recommending future course of operation as part of MIS.
•Control of Debtors and Creditors by ensuring target achievement on inventory and accounts receivable. Follow the credit control and credit policy.
•Monitoring Inventory, ageing analysis, Fixation of desired inventory levels and reporting thereof
•Developing various MIS reports and presenting it to top management for strategic decision making.
•Monitoring cash flow requirements of the company to review the cash position and forecast funds required for numerous expenses.
•Coordinate with external auditors for Annual Audits.

•Involvement in finalisation of monthly and annual accounts and tax audit requirements
•Control of Debtors and Creditors by ensuring target achievement on inventory and accounts receivable. Follow the credit control and credit policy.
•To maintained minimum level of stock. To prepare material movements in order to avoid unnecessary block of money in stock.
•Developing various MIS reports and presenting it to top management for strategic decision making.
•Filling of income tax, sales tax and excise returns and assessment