Projects' Accounts Manager
WORLD ENERGY GROUP LLC
Total years of experience :27 years, 2 Months
WEG is involved in diversified business projects worth AED 100 million and is dealing in manufacturing (Wood Joinery and Interior Design; Software Development & IT Services Support; Healthcare (Pharmacy Retail Business); Construction Contracting industry sectors.
Working closely with the Chairman and VP to drive business performance, improve efficiencies and manage the various projects’ finance operations. Major Service highlights include:
• Managing daily operations of the finance department including preparing financial reporting and presentations for Chairman and Vice President as well as proactively proposing cost-saving initiatives and improvement plans. Ensuring a high degree of accuracy and quality in the development of all financial documents.
• Prepare monthly, quarterly OPEX & CAPEX in close coordination with the operational team. Optimized operating budgets, monthly cash flow forecasts and tracks team spending that led to 19% saving over a period of 12 months.
• Continuous and iterative administration and support to:
o Proper running of AR, AP, Payroll, internal audit, banking, and cash flow, BOQs & contract evaluation functions of diverse business projects, and transcribing financial results of the group.
o Recommending improvement for the weaknesses & internal controls hence contributing to improving the financial health of the various company’s projects.
• Dealing with VAT management including group tax data reconciliation, accounting, and finalization of the tax return and timely compliance with FTA. Moreover, acting as a point of contact and support for various business units on taxation matters.
• Advising management for new investment proposals by conducting adequate and ongoing evaluations, recording, and portfolio analysis required for investment reviews, performance reviews, and liquidity positions of probable short/long term investment opportunities and helping in proper decision making.
• Feasibility study and SWOT analysis, cash flow forecast & borrowing requirements for diverse business opportunities, and delivering presentations to the stakeholders highlighting future financial trends of the short & medium-term investments.
• Developing relationships with clients and suppliers, finalizing T&Cs, contract bids & variation orders, payment terms as well as managing procurements and running progress bills.
• Working independently while meeting multiple deadlines.
Proven HoD Finance ensuring compliance with GAAP & IFRS standards; helping management in the smooth running of all business financial affairs. Besides timely acquainting internal and external stakeholders, below are the salient service highlights.
• Optimized profits; material consumptions; production staff efficiency and Overhead spending by
o Reduced procurement cost, wastage & Spoilage overhead by standardization of material consumption, and better inventory management;
o Automating business transactions, and customization of management reporting structure; transcribing financial results of over AED 100 Million business, etc.
• Increased operational / business efficiency through:
o Developing an improved working capital management model hence reducing AED 200, 000 of the fixed cost of short-term borrowings yearly
o Keeping healthy relations with a variety of banking channels complying with their diverse reporting requirements that are helpful to secure long-term borrowings facilities and fast processing of LC, & TRs.
o Dealing with all kind of banking instruments i.e. Import & Export Doc, LC, TR, Cheque discounting, LGs & Term Loan.
• Demonstrated accurate and supported analytical skills to establish a cost accounting framework. by
• Emerging cost breakdown structure,
• Collaborated in the preparation of monthly, quarterly and annual budgets, financial forecasts, core financial planning and analysis, proposal rates, profit plans, and schedules
• Develop and interpret statistical and accounting information in order to appraise operating results
• Recommend benchmarks for measuring the financial and operating performance of divisions
• Prepare quarterly financial statements and budgets worth Rs500 million for obtaining zonal fund ceilings of 3 regions. Adhere to sound internal and external audit practices.
• Administered VAT management including tax data reconciliation and finalization of monthly VAT transaction supporting 3 regions on taxation matters.
• Collaborated in the preparation of operating budgets and limiting actual spending of teams within budgeted boundaries saving additional zonal funds requirements worth Rs5000, 000.
PTCL is the largest national telecom network. Being the part of the central zone, assumed a variety of roles. Salient highlights as BAM are:
• Collaborated in achieving 100% KPI of monthly customer billing and collection by implementing effective credit monitoring policy and improved customer service.
• Analyzed large data of 150000 customers and prepare +15 finance reports, customized processes aiding business development team to optimize 10% regional revenues.
FFP one of the largest groups of the country and is involved in above 800 diversified business projects throughout the country and is dealing in manufacturing (i.e. Sugar; Cereals; Edible Oil); Health Care - (Hospitals & DCC); Education (Schools, University & VTC); Software & IT services; Oil & Gas etc.
• Optimized profits; material consumption; production staff efficiency and Overhead spending by cost reduction, product pricing; analyzing and improving financial controls & operational procedures; better inventory management; automating business transactions; and customization of management reports structure etc.
• Developed a cost accounting structure by combining data from various cost centers using best cost accounting practices, reconciling and validating processes and cost allocations, analyzing and interpreting complex cost and budget data into meaningful performance review reports of different profit centers helping management in their decision making.
• As a part of OracleFinancials Implementation Team helped in redesigning accounting system of the Group to ensure accurate & timely Group Financial Reporting.
72looms weaving shed mainly involved in manufacture grey cloth for contractors as well as to meet its own market demand.
• Managed full stream of finance & accounts functions e.g. treasury; monthly closing; Monthly Payroll; AR / AP reconciliation and ensuring timely collections / Payments; Warehouse Management; Accurate & Timely Management Reporting; VAT accounts reconciliation and filing the monthly return; preparing OPEX budgets and tracking actual results.
• Led transition of the paperless environment by implementing faster and accurate electronic accounting system resulted in labor cost by 25% and office overhead by 15%.
STCL is a listed organization having its presence nationwide mainly involved in the manufacture of ceramic tiles.
• Managed cross-functional team of 8 (Sales & Accounts) ranging from entry-level to mid-level, and collaborated with business development, data analysis, operations, and marketing; restructuring and designing of internal controls
• Launched two new zonal offices and large-scale warehouse with lead General Manager; opening business gates by boosting clients’ relationship whereby increasing the office revenue by 200% (representing 30% of company revenue).
• In collaboration with sales and marketing departments improved forecast accuracy, thus reducing the cost of extra production representing 3% of company COS.
• Designed training and peer-monitoring programs for the incoming class; reduced onboarding time for new hires by 35%.
• Led the transition to a paperless practice by implementing a faster and more accurate electronic business system, reduced cost of labor by 30% and office overhead by 10%.
Master in Commerce and Finance
Associate Cost & Management Accountant (ACMA)
