Talaat Abdulfatah, Finance &Administrative Manager

Talaat Abdulfatah

Finance &Administrative Manager

Dar Meera Engineering Consultant

Location
Kuwait - Al Kuwait
Education
Bachelor's degree, Accounting
Experience
37 years, 7 Months

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Work Experience

Total years of experience :37 years, 7 Months

Finance &Administrative Manager at Dar Meera Engineering Consultant
  • Kuwait - Al Kuwait
  • My current job since August 2011

•Manage all analytical financial matters
•Report to GM on financial matters, assess and explain long and short-term implications for the organization of alternatives and decisions.
•Develop and maintain policies and controls for financial functions and assess the level of compliance with laws & regulations.
•Manage the development and monitoring of overall organizational and departmental operating budgets, make recommendations on increasing operational efficiencies, and achieving greater value for money.
•Supervise all financial matters including the flow of cash, and bank facilities, and manage all the administrative works.
•Supervise and manage the accounting and administration matters.

Finance &Administrative Manager at Alraeda Enterprises Company
  • Kuwait - Al Kuwait
  • January 2008 to July 2011

Duties & responsibilities:

• Advise General Manager on financial matters; assess and explain long and short-term implications for the organization with alternatives and decisions.
• Develop and maintain polices and controls for financial functions and assess the level of compliance with laws & regulations.
• Manage the development and monitoring of overall organizational and departmental operating budgets, make recommendations on increasing operational efficiencies and achieving greater value for money.
• Manage all aspects of financial relationships with external groups.
• Oversee the accounting of over 22 established projects under the company’s portfolio.
• Prepare performance reports of the company’s established projects for Kuwait Investment Authority.
• Prepare the consolidated balance sheet for over 26 companies for National Investment Fund Portfolio (NIFP).
• Responsible for managing all accounting processes, including allocations and designations to ensure accuracy and timeliness.
• Oversee the preparation of standard and financial reports required for responsible fiscal management. This includes budget analyses, cash flows and forecasts.
• Continuously realign all aspects of the organization's operations and support services to facilitate and reinforce the effectiveness of strategic plans. This includes realigning key business processes, the organizational structure, management practices, communications, and the development and deployment of staff.
• Analyze and assess the financial, administrative and operational implications of proposed actions and decision by individual areas and departments on the whole of the organization.
• Assess how risks are identified, analysed and managed.
• Development and implementation of basic human resource functions.
• Consolidated organizational hiring policies including rationalization and management of overall organizational staffing (management of costs, staff placement, allocation of human resources, etc.)
• Oversee job descriptions, performance reviews, and professional development.
• General management of all aspects of organizational HR requirements and responsibilities, including the creation of economies and effectiveness.
• Coordinate with external auditors for timely completion of an audit and serves as the focal point for providing information as required.
• Prepare an annual audit plan for approval by the Top Management.
• Responsible for financial management monitoring including all revenues, expenses, and investments.

Vice President at Swiftel International Group
  • Kuwait - Al Kuwait
  • March 1996 to August 2007

• Manage all analytical financial matters
• Report to CEO on financial matters, assess and explain long and short-term implications for the organization of alternatives and decisions.
• Develop and maintain policies and controls for financial functions and assess the level of compliance with laws & regulations.
• Supervise all the company’s branches outside Kuwait, extending to U.K, Lebanon, Jordan, and Bahrain.
• Prepare the consolidated balance sheet for over 7 companies within Kuwait, falling under Swiftel Group.
• Manage the development and monitoring of overall organizational and departmental operating budgets, make recommendations on increasing operational efficiencies and achieving greater value for money.
• Manage all aspects of financial relationships with external groups.
• Supervise all financial matters including the flow of cash, investments, and bank facilities and manage all the administrative works.
• Supervise and manage the accounting and administration matters.

General Manager at Swiftel International Group
  • Kuwait - Al Kuwait
  • September 2003 to December 2005
Financial manager at Swiftel International Group
  • Kuwait - Al Kuwait
  • January 2001 to September 2003
Accounts Manager at Swiftel International
  • Kuwait - Al Kuwait
  • March 1996 to January 2001

Manage all analytical financial matters
•Report to CEO on financial matters, assess and explain long and short-term implications for the organization of alternatives and decisions.
•Develop and maintain policies and controls for financial functions and assess the level of compliance with laws & regulations.
•Supervise all the company’s branches outside Kuwait, extending

Senior Auditor at AL-Dar Audit Bureau (Talal Abu-Ghazaleh International
  • Kuwait
  • February 1993 to February 1996

Undertake audit assignments from initial contact with client, up to Line Manager Level through to preparation of reports.
•Undertake complex analysis of financial and non-financial data to evaluate the results and formally report to the client organizations.
•Ability to use different approaches and methodologies including system based audit, analytical review, proof in total, Computer Assisted Audit Techniques, collation and review, and substantive and compliance testing.
•Manage relationships with the client and the way that audit work is undertaken in order to meet fully both client and Audit Manager / Head of Audit expectations and requirements; where appropriate advising the Audit Manager / Head of Audit when changes to the audit scope are considered necessary.
•Through Audit work, provided an effective contribution to the Client’s Assurance Framework..
•To enhance profile of the firm with clients and prospective clients by setting and maintaining a high professional standard.
•Work to preserve and possibly increase audit services provided within existing client base.
•Discuss and agree with the client up to Line Manager Level, audit findings, recommendations and suggested solutions as appropriate, together with implementation timescales and local responsibilities.
•Ensure compliance with Regulatory authorities and processes for audit and the application of Electronic working papers for individual audit assignments.
•up audit assignments for other auditors or for self, using the Electronic Working Papers software package under supervision.
•Plan and coordinate a number of complex audit assignments to meet budgets, time deadlines and client requirements with the ability to re-prioritize work to meet these conflicting needs.
•Ability to handle and overcome potentially hostile or unreceptive reactions to audit work.
•To abide by mandatory Audit standards including the code of ethics.

Ministry of Finance, Egypt.
Finance Controller for the Ministry of Finance.

Accounts Auditor at Ministry of Finance, Egypt
  • Egypt - Cairo
  • June 1986 to February 1993

Monitor the implementation of balance according to its verdicts.
•Review documents before payment and to be assertive of the maturity date, deduct all taxes and due fees.
•Monitor the enrollment in the different accounts and prepare monthly and yearly accounts.
•Monitor credit and debit current accounts.
•Monitor all accounting finalizations that affect total of revenues and current accounts.
•Audit the reports and answer the inquiries of Central authority for auditing.

Education

Bachelor's degree, Accounting
  • at Hellwan University
  • May 1983

Foreign Trade, Business & Accounting All in Arabic and English Studies

Specialties & Skills

ACCOUNTANCY
ADMINISTRATION
BUDGETING
FINANCIAL
INVESTMENTS
MICROSOFT MONEY
MICROSOFT WORKS
ORGANIZATIONAL SKILLS
BALANCE SHEET
BUDGET ANALYSIS

Languages

Arabic
Expert
English
Expert

Training and Certifications

Internal Quality Auditing (Training)
Training Institute:
Abu-GHazaleh Quality Assurance
Date Attended:
December 2004
Advanced Financial Analysis (Training)
Training Institute:
Talal Abu-GHazaleh Professional Training Group
Date Attended:
December 2004
Duration:
16 hours
The importance of the cash flow statement and how to prepare it (Training)
Training Institute:
Talal Abu-GHazaleh Professional Training Group
Date Attended:
December 2004
Duration:
12 hours
Strategic Management -CMA Part 3 (Training)
Training Institute:
Global Consultants
Date Attended:
March 2005