Project Finance Manager
Ahamd sharif Holding Group WLL
Total years of experience :19 years, 9 Months
A diversified Holding Group in Manufacturing, Construction, Hospitality Food stuff, real estate And projects in Kingdome of Bahrain with traceable history since from 1979. Recent Roll Streamline its group operation aimed to smooth cash inflow Group cash flow, controlling bank and facilities related transactions Manage project related operation from production to installation via PMP-SAP Project cash flow monitoring and expiation with project consultant meetings Project costing (Bom & Bol v/s Actual) and reporting to management & bank for project finance loans Lean with auditors \[KPMG\]for entire group audit financials including IFRS 9, 15, 16 as per standard's Lean with banks for enhance the facilities \[OD, Trade finance (LC, DC, WC) & Project Finance\] Management Accounts preparation and presentation to directors Had hoc analysis report (production, Inventory, Receivables and Salaries wia WPS Other then Preparation & implementation of SOP Training staff Recruitments of staffs & labors Implementation of ERP software Career Experience
Under collaboration with Synionic Lubrication Technology UK »Manage the Cash Flow of the Division efficiently by prudent use of bank facilities, in consultation with Group Treasury Manager. » Identify the seasonality issues affecting the cash flow in advance and implement solutions to overcome the same, in consultation with Group Treasury Manager. » Ensure timely settlement of bank liabilities, payables to creditors and other liabilities by proper planning and prioritizing payments. » Creation of Liability and Closing the Liability. Via space proper utilization. » Prepare projected monthly cash flow report for the next 12 months, on a monthly basis to foresee long term fund shortages and find solutions for the same, in consultation with Group Treasury Manager. » Prepare daily short term cash flow to foresee funds shortages and proactively discuss with Group Treasury Manager and find solutions. » Provide guidance to finance team and Operations on cash flow, bank finance, payables to creditors and other liabilities, etc. » Ensure that LCs are established in time within the allocated banking lines, on receipt of approved Purchase Order and Import Requisition Form, where required. » Ensure that import shipment documents are cleared in time by taking these into with Usance/Sight Lc . » Arrange finance through Trade Invoice Financing, Trade Receivables discounting, etc. where required. » Ensure that interest / profit, bank charges, facility fee, etc. are in line with agreed terms with the banks. » Coordination with external Auditors Ernst & Young' (E& Y Dubai) » Business Analysis (Revenue /Trend) and MD/CFO Support in term of Financial Instruments » Project Budgets Multi location (Variance Analysis=Budget V/s Actual) » Commercial contract review and provide financial opinion like PB (on demand as well as conditional), BG, TB » Implementation of ERP Integrated life cycle (Finance, CRM, HRM Project Management) » Financial Due Diligence with Auditor Ernst & Young for Al-Futtaim Engineering. Line with working with credit rating Agencies such as Dun & Bradstreet Line with E&Y External Audit &due diligence reporting Line with banker for making new facilities and enhancing facilities.
Responsibilities:
*OverallResponsibility of project finance operation, UAE, Bahrain, KSA, Iran Kazakhstan, Turkmenistan, India
*Managing in-house accounts
*Coordination with Internal and external auditors
*Coordination with Inter unit monthly budget review
*Group budget expense variance analyses report
*Cash flow/Fund flow report
*Preparation of group Consolidated budget.
*Monthly group of company's Key Performance Evaluation
*Coordination with Bank relationship Manager for facility LC/LG/DC/OD/LBD/TR/PB APB/BB Bid Bond (HSBC/BNP PARIBAS/EMIRATES NBD/NBAD/RAK BANK/ADIB
*Attending project Insurance risk coordination with insurance company for UAE, TQM, KSA
*Reporting to Finance Director/General Manager for overall financial Status Projects Handled (Finance management, Work progress report, Credit Note Analysis, budget monitoring, treasury management, Procurements, cost analysis, approval of funds /Application of project fund) 1) Kazakhstan Kashagan Field Development - Hook-up, Pre-commissioning & Commissioning Assistance Project (CCC) Client:- Agip Kazakhstan North Caspian Operating Co. JV 2)Turkmenistan South Yoloten Gas Field Development, Package 1 - Gas Process Area & Sulphur Recovery Units Client :-TURKMENGAS 3)Abu Dhabi GS Engineering Abu Dhabi (Insulation and Industrial Fireproofing ) Mc Dermott Gulf Pipe Company Topaz Engineering (ADYARD) 4)KSA Alstom Power Central (KSA) SEPCO III Electric power Corporation Branch(KSA) 5 Bahrain
International banking Management Accounts Statistics Operation Management Information Technologies Quantitative Analysis