Manager Finance
Qatar Airways
Total years of experience :19 years, 0 Months
Finance Transformation
Project Management
Risk Management
Policies & process development and implementation
Process re-engineering
Development and implementation of robust system of internal controls.
Development of financial plan and preparation of budgets and forecasts in consultation with budget holders.
Establish and monitor Key Performance Indicators (KPIs) for assigned business units.
Analyzing and monitoring the financial performance of the business periodically participating in the decision support; departmental meetings, pro-actively handling solutions and challenges for better overall performance.
Analyze and communicate the key matrices and drivers of the division’s performance (against history, budget, forecast, and strategic plan).
Providing financial analysis of strategic and tactical initiatives on a proactive basis in order to facilitate the decision making process.
Review the actual results against the budgeted goals to identify variances and recommend corrective action.
Revenue and cost reporting and analysis by block hours, by aircraft type, by region on monthly and ad-hoc basis.
Performing an advisory role on all financial matters; supporting the business in setting strategies and partnering with them to implement projects.
Coordinate with operations, sales, marketing, and customer service teams to supervise and support in business operations effectively.
Enhance the business processes for profitability and revenue growth. Identify revenue improvement and cost savings areas and make necessary recommendations.
Design new formats and preparation of MIS reports on monthly and ad-hoc basis for the management.
Identify finance core processes for standardization/redesign and implement more streamlined procedures to enhance efficiency and controls.
Dealing with managed aircraft owners (invoicing, receipts, reporting, etc.)
Supporting accounts payable and accounts receivable teams for proper accounting for assigned business units.
Accounting and Reporting Functions at CNA Group Ltd
• Managing, training and motivating a team of accountants (9 persons in Qatar, Oman, India and Dubai) for effective and efficient financial and management reporting.
• Preparing of periodic MIS reports of the Group for the Board of Directors and shareholders for planning and strategy formulation on specifically designed formats and reporting to head office in Singapore.
• Preparing consolidated financial statements for the Group as per International Financial Reporting Standards.
• Preparation of working for Percentage of Completion (POC) for project accounting in accordance with IAS-11 (Construction Contracts).
• Implemented ERP system for effective and efficient reporting to ensure accurate and timely flow of information for strategic decision making.
• Reviewing and approving all kinds of vouchers and reconciliations (JVs, PVs, RVs, Bank recons, Supplier recons, Inter-company recons)
• Coordinating with external auditors to carry out annual audit.
Finance Management, Analysis and Business Support Functions at CNA Group Ltd
• Involved in preparation of budgets, forecasts and cash flow projections before accepting any projects and also monitoring the actual collections and spending against the budgets and cash flow projections during the project. It helps to ensure proper fund management and smooth operations.
• Ensuring budget estimates are reasonable and adequate and to be used as a key control document and reporting to Senior Executive Vice President (Middle East) on the variances.
• Monitoring overheads expenses variances against the approved budget and taking corrective action.
• Preparing cash flow projections, comparison with actual cash flow and recommending corrective action to the concerned department to overcome the variances.
• Providing support to marketing and sales managers for project appraisal by preparing budgets, forecasts and cash flow projections.
• Preparing different analysis reports such as variance analysis, product/project profitability analysis and ratio analysis and investment appraisal to support the management to make better business decisions.
• Monitoring the receivables and payable (credit terms and aging) to ensure proper cash management to avoid liquidity issues.
• Liaise with non-financial managers to understand their requirements to ensure the availability of required resources for smooth and undisturbed business operation.
• Liaise with operations managers and procurement managers to understand their daily requirements so that it can be arranged from the best supplier after agreeing to the credit terms as per the Group policies.
Internal Controls Functions at CNA Group Ltd
• Provide support to Business Process Owners (BPOs) to maintain efficient and secure processes.
• Maintain high standards of internal controls and ensure that all internal controls and financial policies set by the group are complied with and ensure that material control weakness is reported as quickly as possible.
• When risks are identified or controls are not operating, help BPOs to define appropriate action plans and follow up their completion progress.
• Ensure Segregation of Duties review is performed and mitigating actions are defined when conflicts are identified.
Roles and responsibilities include:
Job planning and supervision including close interaction with client's management, review of work on audit engagements and on-job professional development of staff.
Review of accounting and internal control systems and suggesting procedures for their improvement;
Developing and performing substantive and analytical procedures for audit so as to determine the reasonableness of the financial statements’ assertions;
Reviewing financial statements in the light of International Financial Reporting Standards (IFRS), statutory requirements and current best accounting practices, keeping in view the reporting timeframe;
Ensuring compliance with the requirements of International Standards on Auditing and other local requirements for audit engagements;
Analytical review of financial statements at the finalization stage of audit; and
Advising management on accounting and related technical matters.
Working toward CPA qualification (2 exams left out of total 18 exams)
Financial & Management Accounting, Auditing, Taxation, Corporate Laws, Financial Management.
Working toward CPA qualification (2 exams left out of total 18 exams)
Associate Member of the Institute since April 2010.
Associate member of the Institute since March 2010.
Audit, Accounts and Finance
