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Talal Alwahshi, Head of Finance / Accounts Payable

Talal Alwahshi

Head of Finance / Accounts Payable·Abu Dhabi National Exhibitions Company

United Arab Emirates

Doctorate, Accounting & Finance

Work experience

Total years of experience: 16 years, 8 months

Head of Finance / Accounts Payable

August 2014 - Present

Abu Dhabi National Exhibitions Company

Abu Dhabi, United Arab Emirates

August 2014 - Present

Designation Chronology:
• May 2017 - Present: Head of Accounts Payable
• Aug 2014 - April 2017: Head of Talent Management

Accomplishments:
• Instrumental in establishing complete corporate finance architecture, created a financial blueprint and aided in achieving the company’s robust goals.
• Deputized as Acting Deputy Finance and the Director in their absence.
• Provided valuable resilient leadership in the COVID-19 Era, managed a new set of challenges - evaluated risks to financial performance and led initiatives to reduce cost, improved supplier & customer systems, and automated document control workflow which resulted in saving cost.
• Architected a suite of reports with year-to-date and monthly, bottom-up forecasts of financial data at a granular level originating from business leader
• Evolved the Financial Planning, Analysis and Reporting process to aid decision-making and alignment of strategy across the Group.
• Collaborated with the CFO to monitor, control, and report on OPEX, CAPEX, and variances. As well as identify opportunities to reduce costs and increase revenue for the organization
• Served as Trusted Advisor to the Senior Executives on strategies & forecasted the financial climate and market trends.
• Evaluated the historical financial results, people, operating procedures, accounting policies and internal controls to determine strengths and weaknesses and presented a series of straightforward recommendations.
• Audited financial statements to ensure internal stakeholders were in line with statutory regulations & legislation.
• Evaluated financial policies and procedures and provided strategic recommendations to improve and enhance them.
Responsibilities:
• Proffering direction, leadership, and oversight required to deliver on the Finance Strategy for ADNEC and achieve all organizational goals.
• Providing oversight to support the achievement of the focus areas that will positively impact the bottom line and revenue targets of the organization:

• Developing compelling vision, strategy & roadmap for enhanced budget mgmt., organizational cash flow & forecasting.
• Leading the way in evangelizing winning technologies. Proposing IT infrastructure/technologies and ERP implementation to streamline and effectively plan and provide support to the business to improve sales
• Annual budgeting and planning process owner, providing expert advice to senior management to ensure that budgets are on target & 100% aligned with the strategic direction of the company. Analyzing variances in budgets and taking corrective measures to drive profitability and improve processes.
• Generating financial statements, financial risks & opportunities in treasury, and revenue optimization strategies
• Teaming with Procurement & Sales departments to build and integrate new systems that propel sales through EBMS.
• Superintending a dynamic team, mentoring, coaching and guiding the Head of Departments to achieve group and subgroup finance KPIs and optimization targets.

Accomplishments and Responsibilities as Head of Talent Management (Aug 2014 - Apr 2017):
• Proffered thoughtful counsel and headship on how to create and steward end-to-end talent acquisition strategy, employee relations, and organizational effectiveness initiatives. Established HR strategies, policies, succession planning, Emiratization, & manpower plans.
• Played a key role in winning the Khalifa Excellence Award in 2020. Attained this feat by establishing financial strategies to meet the EFQM Excellence standards, implementing initiatives, and leading best practice finance strategies.
• Successfully implemented ERP system, Delivered robust management information systems thus, optimized reporting and analysis capabilities. Thereby streamlining workflow which in turn aided in the reduction of cost.
• Designed & implemented training programs for new employees in the ADNEC to improve their skills & performance.

Company industry:
Public Administration
Job role:
Accounting and Auditing

Head of Personnel & Account Section

October 2009 - August 2014

Abu Dhabi Oil Refining Company, Takreer

Abu Dhabi, United Arab Emirates

October 2009 - August 2014

Accomplishments:
• Hand-selected to lead the UAE western region agencies, Abu Dhabi Refinery (ADRD) and Ruwais Refinery Division (RRD) HR and accounting, capital & operating budget planning and implementing control systems.
• Instrumental in shaping state-of-the-art people strategy, to support the future growth plans for the business.
• HR Innovation & Transformation Architect: Steered alignment with the business, enhance organizational and HR performance and established a culture focused on adding business value.
• Steered the HR agenda by energizing the organization's culture, a framework for action & people engagement.
• Recognized for contributing to data-driven business decisions/ offering game-changing insights for resolving challenges - achieving positive operational results, and leading teams in identifying key performance indicators.
• Executed recruitment strategies and drove RRD plans to secure employee onboarding and allocation of benefits.
• Led a team of 20 finance professionals with 5 Head of Departments that drove the performance of HR, AP, and Analysis.
Responsibilities:
• Provided fiscal leadership for the HR, financial and accounting plans to align Takreer’s financial practices to ADNOC’s corporate financial strategy.
• Conducted financial SWOT analysis to identify and forecast opportunities and minimize risk to the organization on:

• Financial Structure & Compliance
• Financial Statements
• Financial Policies
• Financial Control
• MIS Reporting
• Recruitments Report
• Workforce Planning -Emiratization Plan.
• Succession Planning
• Generated the HR and financial accounting reports and forecast strategies for the COO and refinery SVP.
• Partnered with internal stakeholders and HR division to design/deliver job descriptions for ADRD & RRD employees
• Developed financial control, built ERP systems, prepared cost allocation, implemented financial compliance policies & procedures to minimize risk, and improved the external audit review.
• Implemented the financial KPI objectives to ensure compliance to prepare for internal and external financial audits.

Early Career:
• May ’08 - Sep ’09: Internal Audit Manager, Al Ain Farms for Livestock Production
• Dec ’06 - May ’08: Revenue Auditor & Acting Head of Revenue Audit during his leave, Abu Dhabi Tourism Authority
• Nov ’04 - Dec ’06: Accountant Specialist, United Arab Emirates University

Company industry:
Oil & Gas
Job role:
Accounting and Auditing

Education

Aberystwyth University

February 2022

February 2022

Doctorate, Accounting & Finance

Great Britain (UK)

Doctorate, Accounting & Finance, UK Aberystwyth University - United Kingdom, Feb 2022

United Arab Emirates University

January 2008

January 2008

Master's degree, Accounting & Human Resources

United Arab Emirates

Master’s Degree in Business Administration, Major in Accounting & Human Resources, United Arab Emirates University, 2008

United Arab Emirates University

January 2006

January 2006

Bachelor's degree, BA & Accounting

United Arab Emirates

GPA (point): 3.2 out of 4

GPA (point): 3.2 out of 4

Bachelor’s Degree in BA & Accounting, United Arab Emirates University, 2006

Skills

Internal Controls
Expert
Internal Controls
Expert
Financial Modeling
Expert
Financial Modeling
Expert
Financial Reporting
Expert
Financial Reporting
Expert
Corporate Strategy
Expert
Corporate Strategy
Expert
Financial Analysis
Expert
Financial Analysis
Expert
إدارة المشاريع
Expert
إدارة المشاريع
Expert
Finance Vision & Strategy
Expert
Finance Vision & Strategy
Expert
Strategic Business Partner
Expert
Strategic Business Partner
Expert
Charismatic Leadership
Expert
Charismatic Leadership
Expert
Digital Transformation
Expert
Digital Transformation
Expert
Budgeting & Forecasting
Expert
Budgeting & Forecasting
Expert
AP & AR
Expert
AP & AR
Expert
Treasury Management
Expert
Treasury Management
Expert
Strategist & Change Agent
Expert
Strategist & Change Agent
Expert
Training & Development
Expert
Training & Development
Expert
Team Management
Expert
Team Management
Expert
Internal Controls
Expert
Internal Controls
Expert
Financial Modeling
Expert
Financial Modeling
Expert
Financial Reporting
Expert
Financial Reporting
Expert
Corporate Strategy
Expert
Corporate Strategy
Expert
Financial Analysis
Expert
Financial Analysis
Expert

Languages

English

Expert

Arabic

Expert

Memberships

IMA

CMA

January 2021

Training and Certifications

Training
Diploma in protocol
Wide Veiw
Jun 2020

Hobbies and interests

Cycling