Senior Manager
Al Mulla International Financing & Investment Co
Total des années d'expérience :22 years, 9 Mois
Corporate Credit Remedial/Restructure/Reschedule:
* Establishing the department from scratch, including write-up of policies, procedures and guidelines,
forms, documentation, impairment & provisioning models, and the whole team recruitment.
* Leading a team work for conducting a comprehensive follow-up transaction on Corporate Credit
Portfolio for all sectors/sub-sectors with a main objective to reduce the risk credit accounts through
taking proactive actions, appropriate facility structures and any other remedial actions, such as taking
acquiring new collateral, which may help to strengthen security position and minimize expected losses.
* Manage corporate credit accounts classified as delinquent/watch list/critical & special assets or
Non-Performing Loans with a portfolio of around KWD 100M by finding optimum settlement
solutions, formulating the remedial strategy in order to maximize the recoveries and reduce provisions.
* Manage reverted assets acquired from NPLs through debt/asset swap deals by finding optimum
and valuable purchasing offers in order to minimize credit losses, maximize recoveries and reduce
provisions.
* Reviewing all credit proposal memorandums before being submitted to the Recovery Committee,
identifying and analyzing each client’s financials, business, collaterals, documentation, potential
changes in the environment, regulations…etc., Making judgment to the requested reschedule or
settling plans.
* Manage written-off cases by following up legal issues to reach exit scenarios to maximize possibility
of recoveries.
* Ensure that all security documentation is maintained valid and enforceable and in place all time,
included to conduct visits to customer's sites to ensure that all mortgaged assets are maintained as well
as to follow-up customer's adherence towards assigned projects.
* Weekly & monthly meetings with CEO, GM & Chairman to discuss the recovery plans of the top
written-off accounts
* Committee Member for: (Remedial asset committee, Reverted assets committee & Provisions
assigning committee).
Preparation of the consolidated financial Statement for the company and its subsidiaries in the
GCC in compliance with International Financial Reporting Standards, as well as complying with the
regulations of the Central Bank of Kuwait (CBK).
* Establish accounting system “Mar-soft” (Accounting system - documentary flow charts).
* Working side by side with the VP-Finance towards achieving ICR task (Internal Control Report), in
compliance with policies, regulations and procedures of Central Bank of Kuwait.
* Supervising the preparation of MIS reports to provide feedback to top management on financial
performance, fund management, variance analysis, and profitability.
* Coordinating internal audits; evaluating internal control systems/procedures to highlight the
shortcomings and implementing necessary recommendations.
* Monitoring the inflow/outflow of funds; taking adequate measures to ensure optimum utilization
of available funds towards the accomplishment of organizational objectives.
* Monthly financial presentation - budget VS actual with financial summary highlights & comments
* Liaising with company Auditors (Internal & External), on matters pertaining to presentation and
disclosure of financial statements, impacts of proposed accounting standards.
* Annual Report preparing all the financial indicators and ratios.
* Preparing AGM financial presentations.
* Financial and operational due diligence for our subsidiaries and associates.
* Handling all FX deals associated with foreign currency transactions.
* Responsible of ensuring that all “CBK reports” are in compliance with policies, regulations and
procedures of Central Bank of Kuwait.
* Responsible of ensuring that all “CMA reports” are in compliance with regulations and procedures
of Kuwait Capital Market Authority.
Headed the Finance & Accounts Department of “Borooj Company and its Subsidiaries”.
* Preparation of Cash Flow forecast.
* Preparation of annual budget and monthly report and comparison with actual.
* Experience implementing an ERP system (Microsoft Dynamic Great Plains).
* Implementation of Internal control mechanism by a mix of ERP based software and new processes
to safeguard company Assets and minimize overall risk exposure.
* Planning and administering accounting systems and preparing financial information for an
individual, department and company.
* Evaluate the current businesses and provide recommendations to the top management.
* Managing financial functions, including legal matters in accordance with the strategies &goals.
* Providing chairman & Shareholders with periodic financial statements and reports.
* Improved the Real Estate Module.
* Distinction of developing procedures for payments to vendors, fixed assets capitalization, cash
payments, control of employee advances, and control on vendor advances.
* Successfully handling a total Real Estate portfolio of K.D. 90 Million.
* Ensuring accurate and timely reporting of the MIS to the corporate as per IFRS.
Developing, maintaining and improving the financial and accounting system to accurately
capture financial management controls.
* Managing cash flow analysis and supervising cash flow forecasting & budget control processes.
* Preparing & maintaining of the consolidated balance sheet & income statement.
* Responsible for the interpretation of financial statements, budgets, cost analysis, other relates
reports to provide management with timely and meaningful information.
* Pioneered in suggesting and successfully implementing new processes, applications and reports,
thereby reducing working time of the accountants, increasing efficiency and reducing the turnaround
time for decision-makers.
* Verifying & posting transactions to journals, ledgers & other records.
* Preparing of all payments & controlling documents cycles.
* Handling balancing & reconciliations and reviewing of invoices & vouchers.
* Reconciliation of various balance sheet accounts, tracking cost provisions and
margins for major projects to help in decision making.
Dorra Group of Companies
Managing day-to-day operations of finance and administration department.
* Responsible for handling various accounting functions which includes, processing payments,
preparing general vouchers, maintaining accounting system, cost analysis, management reporting,
and maintaining project.
(Current) Degree:
Thesis: "AN EXPLORATION OF FACTORS IMPACTING INDIVIDUAL PERFORMANCE IN AN ERP ENVIRONMENT".