Yakoub Abdullhameed, Finance Director/CFO

Yakoub Abdullhameed

Finance Director/CFO

Blann Bazar Co

Location
Jordan
Education
Bachelor's degree, Finance
Experience
14 years, 7 Months

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Work Experience

Total years of experience :14 years, 7 Months

Finance Director/CFO at Blann Bazar Co
  • Iraq - Erbil
  • My current job since July 2021

Accomplishments:
• Instrumental in establishing complete corporate finance architecture, created a financial blueprint and aided in achieving the company’s robust goals.
• Restructured and re-engineered the financial and operational processes to enhance Cash Flows by increasing GP, eliminating costs, enhancing performance/turns and securing revenue and profitability growth.
• Provided financial and organizational leadership, strategic vision and direction to accelerate Organic Growth with horizontal and vertical spread.
• Evolved the Financial Planning, Analysis and Reporting process to aid decision-making and alignment of strategy across the company.
• Acted as a value-added business partner & challenger to the Senior Management in formulating the company's future direction, exceeded performance and achieve company goals and objectives, which led to evading liabilities.
• 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.
Key Responsibilities:
• Proffering financial direction, leadership, and oversight required to deliver excellent results and achieve all organizational goals.
• Establishing corporate structure for the holding company to unify processes and procedures for the whole entities in the group.
• Strengthening internal controls across the group to eliminate revenue leakages, with a focus on revenue drivers.
• Established financial structure of the group, such that the operations meet business plans, and facilitates performance evaluation of each line in entities to ensure a remedy for any deviation/weak performance may be reported and strengthens the positive performance.
• Superintending, mentoring and empowering a dynamic team of 27+, to be of high caliber, recognizing and utilizing throughout the business as value-added business partners.

Finance Director at MS Pharma (United Pharmaceuticals Man. Co.)
  • Jordan - Amman
  • December 2016 to June 2021

Accomplishments:
• Instrumental in providing fiscal leadership of finance & accounting, external reporting, tax, driving financial mgmt. efficiency, delivering stronger business foresight & steering business performance.
• Significantly contributed by re-negotiating the commercial contracts that led to propelling financial wealth.
• Restructured working capital resulting in optimum cash flow stability and healthy debt levels.
• Served as Trusted Advisor to stakeholders on plans, business opportunities and financial strategy. Delivered real-time intelligence for making better-informed decisions.
Key Responsibilities:
• Headed the Finance department, motivated/energized 18 direct and indirect reports, served as guardian of the group's financial resources, and delivered on the commitment by establishing corporate finance policies, creating financial frameworks, maintaining financial control, and aiding in achieving Group’s robust goals.
• Ownership for integrity, accuracy, consistency & visibility of the financial health of the business. Ensure smooth running of day-to-day accounting processes against set KPIs.
• Directed financial analysis, internal and regulatory reporting, accounting operations, budgeting, and forecasting which lead to long-term improvements in costs, profitability, and productivity.
• Managed the taxation affairs, maintained up-to-date expertise in taxes, financial regulations and accounting.
• Established budgets, provided intelligence, reporting and analysis on budgets, strategy and spending, reducing costs, and streamlined operations resulting in boosting financial performance and profitability across all divisions.

Financial Controller at LG New Vision
  • Jordan - Amman
  • July 2013 to November 2016

Accomplishments:
• Entrusted to provide counsel to Executive Management & Board of Directors regarding financial operations and strategic finance.
• Functioned as the analytical engine of the Company, proffered data-driven insights to support optimal financial business decisions of Executive Management through long-range plans, investment appraisals, budgets & forecasts.
• Adopted an ethos of continuous improvement, process standardization and automation.

Key Responsibilities:
• Commanded the overall finance department operations, steered financial strategic planning, resources management and KPIs follow-up and achievement in addition to the financial optimization.
• Served as a Change-agent, led the transformation and improvement agenda, and orchestrated process improvement/ automation initiatives for sustainable growth.
• Prepared consolidated financial statements in compliance with IFRS.

Country Finance Manager at The Sultan Center (TSC) - Safeway
  • Jordan - Amman
  • October 2009 to June 2013

Key Responsibilities:
• Presided over day-to-day work of the Finance & Accounting department, established short & long-range, strategic financial plans, including working capital & cash flow in accordance with strategic planning of the company at the country level.
• Ownership of technical reporting and control environment. Managed all aspects of financial forecasting and budgeting in addition to financial reporting.
• Enforced internal financial controls and thus maintained high standards of control and integrity over processes, transactions, assets and financial systems.
• Established financial policies and procedures across subsidiary companies leading to strengthened internal controls.
• Supervised preparation of financial statements, validating the integrity of net revenue and balance sheet, account balances, and monthly and annual financial statements.
• Conducted SWOT analysis of the business with the BOD periodically. Identified the company’s strengths, weaknesses, opportunities, and threats and provided strategic recommendations.
• Headed a robust team of 28+, built human capital capability, and motivated, coached, mentored, and trained strong talent pools to drive growth, innovation & continuous improvement.

Previous Professional Experiences:
• 2008 - 2009: Group Finance Manager, Teeba Inv. for Developed Food Processing Co., Amman, Jordan
https://www.linkedin.com/company/international-dairy-and-juice-company-idj/
• 2005 - 2007: Accounting Manager, Agility, Amman, Jordan
https://www.agility.com/en/our-global-network/jordan/
• 2000 - 2005: Senior Accountant, Spinneys 1948 Ltd., Amman, Jordan
https://www.linkedin.com/company/spinneys-abu-dhabi-llc/
• 1996 - 1999: Accountant, Falcon for Investment & Financial Services PSC. (FIFCO), Amman, Jordan

Education

Bachelor's degree, Finance
  • at The University of Jordan
  • January 2006

Bachelor of Arts (BA) in Finance, The University of Jordan, Amman, Jordan, 2006 http://ju.edu.jo/home.aspx

Diploma, Finance and Banking Management
  • at Intermediate Univ. College
  • January 1995

Diploma in Finance and Banking Management, Intermediate Univ. College, Amman, Jordan, 1995

Specialties & Skills

Feasibility Studies
Forecasting
Budgeting
Financial Reporting
Profitability Improvement
Financial Management
Analytical Skills, Critical Thinking, Conflict Resolution, Group Dynamics, Synergy
ERP Systems (Sage, Oracle, MS Dynamix AX ‘365’ and Mikro)
Strategic Business Partner
ERP systems - Sage, Oracle, Micro & MS Dynamic
High-Stake Negotiations
MS OS and MS Office (Word, Excel, PowerPoint and Outlook)
Strategic Business Planning
Leadership, Staffing,
Training, Knowledge Transfer, Communication & Interpersonal Skills
Finance Vision & Strategy
Business Re-structuring
Process Re-engineering

Languages

Arabic
Native Speaker
English
Expert
Spanish
Expert

Training and Certifications

Evaluating Projects Performance (Certificate)
Date Attended:
March 1997
Sales Tax Law & Applications (Certificate)
Date Attended:
June 2002
Pharma for non-pharmaceuticals (Certificate)
Date Attended:
June 2017
Impeccable Leadership (Certificate)
Date Attended:
June 2018
IFRS updates (Certificate)
Date Attended:
January 2019
VBA Excel for Financials (Certificate)
Date Attended:
January 2021

Hobbies

  • Reading