Mutasem Ahmad CPA, ACPA, CMA Candidate

NMDC is one of the Middle East’s marine industry leaders. Delivering high quality projects and services, Supported by an impressively large fleet of dredgers and support vessels.

Key Responsibilities:
• Ensure that all Finance project teams are adhering to projects accounting procedures.
• Ensure that all aspects of the costing, revenue recognition and billing cycle of projects are completed in a timely and accurate manner.
• Prepare with coordination with operations projects budgets and consolidated the projects accounts into corporate budget.
• Manage the cash flow and prepare cash flow forecasts in accordance with policy.
• Review & analyze monthly financial results and implement monthly variance reporting as compared to budgets, alerting CFO and management of variances.
• Recommend policies and procedures relating to the financial and business practices of the company.
• Coordinate audit activities with Independent Auditors.

The group is a leading conglomerate in the UAE with stakes in Construction, Real Estate Development & Waste Management Manufacturing
Key Accomplishments:
• Managed and supervised restructuring of the HR & Finance Departments of the group to fortify financial operations and recruitment, selection, training & development of high caliber personnel.
• Setup an Internal Audit Department from scratch and prepared policies & procedures for financial control to assure that all departments functioned as per management’s expectation.
• Supervised and coordinated the issuance of all pending financial statements of the companies in the group for the last five years (2009-2013); assessed profitability, liquidity and solvency of the group and made recommendations to the management to accelerate the rate of growth & profitability.
Key Responsibilities:
• Actively engaged in activities linked with financial planning, analysis, forecasting, budgeting & treasury to fortify operations & financial control systems.
• Shared movements in the cash flow with the CEO on a daily basis; assured that the financing needs of the group are identified & channeled in advance for seamless flow of operations.
• Developed cordial working relations with banks & brokers to secure funding as and when required.
• Spearheaded accounting operations and assured timely & accurate preparation & consolidation of FS.

Setup a consultancy which assisted companies in accounting, management and taxation

A well-established vertically integrated group in the UAE with investments in Construction, Real Estate, Manufacturing, Trading, Automobile Services & Interior Design Services
Key Accomplishments:
• Planned, developed & implemented an entity wise ERP system (Orion Applications) to give technological edge to the group against its competitors; provided direction to the development team to confirm alignment of technology solutions with operational needs.
• Recommended areas of concern & improvements to drive consistent improvement in productivity & performance to accomplish performance indicators in sync with growth goals, corporate vision & additional established targets.
• Distributed responsibilities between accounts & finance personnel and provided support, assistance and guidance to enable them to deliver on their financial/operational KPIs, drive disciplined growth, strengthen internal controls and scale infrastructure for growth.
• Established Internal Audit Department from scratch and kick started its operations with the intent of enabling all functions to perform in line with management expectation.
Key Responsibilities:
• Assured seamless flow of financial operations at the group level by adhering with applicable accounting principles, financial reporting standards & control systems.
• Evaluated financial statements to gauge profitability, liquidity and solvency position of the group; provided recommendations on major expenditures, revenue from multiple sources and receivables & payables to assist management in securing new partnerships & revenue streams.
• Maintained cordial relations with multiple banks to assure availability of funds as & when required at ‘lower than market interest rates’ to finance OPEX & CAPEX expenditures; made valuable recommendations on the selection of investment advisor for Chairman’s own private investments.

Juma Al Majd Group is a major vertically integrated group in the UAE with strong presence in Trading, Automobiles, Contracting & Manufacturing enterprises.

Designation Chronology:
• Mar 2004-May 2005: Financial Consultant - Oracle Applications Implementation
• Nov 2002-Feb 2004: Asst. Head Group Finance - Shared Services of JAM Group
• Mar 1999-Nov 2002: Senior Auditor
• Jul 1996-Feb 1999: Chief Accountant

Key Responsibilities (Financial Consultant - Oracle Application Implementation):
• Monitored documentation of business processes & Performed audit of the procedures in place post ERP implementation; identified gaps in the existing procedures and made amendments to make them more efficient & effective.
• Assisted ERP Teams to accelerate the pace of implementation; engaged in benchmarking with competitors in the same industry to stay ahead of them at all times whilst following best ERP practices.
• Assured seamless conversion of legacy data & the associated reconciliations.
• Administered training on Financial (GL, A/R, A/P, Fixed Assets, Cash Management & Oracle contracts) & HR modules to the relevant personnel.

Key Responsibilities (Asst. Head Group Finance - Shared Services of JAM Group/ Member Steering Committee - ERP Implementation Project):
• Managed a team of twenty accountants.
• Managed the accuracy and productivity of day-to-day functions & activities of GL, A/R, A/P, Fixed Assets, Cash Management & Oracle contracts.
• Monitored closing procedures of all financial modules & ironed out all the kinks to support smooth flow of accounting operations; helped the team develop strong understanding of the reconciliation between sub & general ledgers.
• Developed a system of robust financial & management controls to assure compliance with the company’s policies & procedures and applicable financial reporting standards.
• Liaised with Internal Audit Department to design & create the chart of accounts for JAM group.