Senior Manager – Financial Performance Analysis and Business Support
Kuwait Finance House
Total years of experience :30 years, 6 Months
Lead and direct the MIS department providing periodic reports to management, within set deadlines, to assist in decision making to steer KFH group and monitor the performance of the group and its subsidiaries.
Development and preparation of a reporting system (MBOs including FTP, capital charge and indirect cost allocation) which measures the performance of the bank and all its business segments/subsidiaries; variance being the previous period and the budget, for the month as well as year-to-date.
Implemented the Budgeting Process and responsible for liaising with all business segments and subsidiaries to ensure accurate information is captured. Monitor performance against departmental budgets, identify variances and recommend corrective action to line management.
Responsible for preparation of Bank’s overall financial position on a monthly and quarterly basis for Board of Directors’ and Senior Management Presentations. (including Analyst Call, Rating agencies, Peer Banks Benchmark, 5Y plans to name a few)
Responsible for managing, developing and motivating a team of financial analysts and accountants to ensure specific objectives are met, including the accurate and timely completion of related administration.
Responsible for developing and monitoring attainment of short and long term strategic business goals. Actively seeking to identify and triage regional business development, both organically & inorganically, through mergers and acquisitions.
Turned around the company from near bankruptcy by restructuring loans, divesting bad investments, implementing risk based stringent policies & procedures and cost control programs (net reduction of 40% in operating expenses) and boosting core operating revenues. (66% increase in transportation revenues)
Successfully achieved ISO 9001:2008, HSE and OSHAS certification for Mubarrad Group of Companies.
Major responsibilities include overseeing the Strategic Planning, Accounts, MIS, Risk and Compliance departments.
Have successfully set up profit center reporting as part of formation of a MIS department and instrumental in implementation of the Oracle Financial package.
Established an ERM (Enterprise Risk management) function based on best practices and employed "Risk Wizard" software (compliant with AS/NZS 4360:2004 Australian Risk Management Standard) to actively identify, measure, monitor, report and control relevant categories of risk.
Led the spin off project to align the strategic objectives and business plans of the major divisons to form separate subsidiaries for Leasing & Finance, Real Estate and Investments.
In capacity as ALCO secretary, solely responsible for preparing and presenting the ALCO pack to the Chairman and committee members.
As part of Risk Management reporting (IPS-Sendero Automated Financial Solutions), dealing with analysis of the following, interalia Gap Analysis, Maturity Mismatches, Net Interest Income Projections, Scenario Analysis, Market Valuation and Value Added Risk
Reporting directly to the Chief Financial Officer (CFO), successfully established a MIS Department, which provides relevant, timely and accurate information to Senior Management.
Developed and prepared a reporting system (MBO) which measures the performance of the bank and all its business segments / support groups; variance being the previous period and the budget, for the month as well as year-to-date.
Implemented the Budgeting Process and responsible for liasing with Business and Support Groups to ensure accurate information is captured. Monitor performance against departmental budgets, identify variances and recommend corrective action to line management.
Responsible for preparation of Bank’s overall financial position on a monthly and quarterly basis for Board of Director’s and Senior Management Presentations.
Developed and implemented the Balanced Scorecard, enabling senior executive management to monitor, re-evaluate and strategically position the Bank’s performance objectives
Responsible for managing, developing and motivating a team of financial analysts and accountants to ensure specific objectives are met, including the accurate and timely completion of related administration.
As part of Accounts Department, involved in re-organizing and streamlining Financial Accounts including quarterly and year end closing of Accounts.
Established a set of performance measures to help understand and explain key factors relating to the business performance of each of 12 KPC’s operating subsidiaries.
Evaluate the results of the financial and operating measures and provide detailed analysis together with recommendations to Senior Management for corrective action.
Benchmark KPC and its subsidiaries performance with suitable Major International Oil & Gas Companies and provide a comprehensive best practice analysis
Preparation of Board of Directors and Group Head Presentation Packages which highlight the Bank's overall financial position on a monthly and quarterly basis.
Preparation of the Monthly Management Report and Budgets along with providing a comprehensive analysis, identifying Key Performance Indicators and providing a summary of key financial information.
Monitor MBO expenses, identify major variances and provide explanations for Senior Management to take appropriate action.
In conjunction with the Head of MIS & Planning, review various procedures and update the Bank's overall Corporate Strategy.
Assist in Audit Planning including Risk Assessment
Evaluat the Significant Controls and Performing Tests of Control
Perform Substantive Tests
Assist in preparation of Financial Statements
CIPA
Project and Contract Risk Specialist (PCRS)
Certified Operational and Market Risk Manager (CORM)
Certified Compliance Officer (CCO)
Certified Risk Analyst (CRA)
Certified Business Manager (CBM)
Certified in Financial Management (CFM)
Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
B.A. (Hons) Accountancy