Group Director of Finance & Control
UAS
Total years of experience :28 years, 3 Months
• Report to the Group CEO; managing the entire aspects of accounting & finance for four Headquarters including Middle East Headquarter, North America (USA), Europe (Netherland), Africa (South Africa), and Asia Pacific (Hong Kong) with 63 employees from the regional and corporate headquarter report to me
• Managing the relationship with big 4 (KPMG) for annual audit for corporate and entities worldwide
• Prepared Impact assessment and qualification for IFRS16, and IFRS9
• Restructuring the finance department, and managing the transition from Great Dynamics to SAP
• Participate in the ongoing strategic planning & decision-making process by providing sufficient reliable financial information & analysis as necessary, to enable BOD to make sound decisions related to existing operations as well as new investments in order to achieve required ROI
• Successfully completed several merge and acquisition project.
• Drive the annual business planning and budgeting process, ensuring that budgets and targets are realistic, stretched and reflect actual business potentials.
• Created & manage 5 years business plan and consolidated master budget, variance analysis, set targets and pricing structure, overseen and control operational budgets.
• Ensure that strong internal control systems in place including strong control environment, good control procedure, good Information system, good risk assessment and managed credit risk (CRM)
• Regular conduction of risk assessment for areas exposed for potential unsystematic risk.
• Prepare monthly financial and non-financial performance indicators reports (KPIs), CAPEX, and OPEX
• Solving dispute transactions/issues with clients, vendors, and between finance department and other departments, or intercompany dispute transactions, conduct monthly review for AR ageing, AP ageing, and take necessary decisions to reduce AR balance by enforcing strict credit control policies & procedures, monthly review of payroll, leave balance, EOS accuracy and submission on time.
• Managed Preparation of monthly, quarter end, semiannual and annual in each Regional HDQ, and prepared Consolidated financial statements including MIS reports.
• Working with PWC on Global transfer pricing policy project to cover all UAS HDQs worldwide,
• Prepare company’s Accounting & finance’s policies & procedures and forms adhere and compliance with local government laws, regulations, GAAP, and IFRS.
• In coordination with PWC, prepared and implemented transfer pricing policy which has tax efficiency/saving, and ensure the proper preparation and the timely submission of tax returns in USA, Hong Kong, South Africa, Dutch and India
• Manage treasury functions including hedge, matching, netting, and forward contracts.
• Participate in the ongoing strategic planning & decision making process by providing sufficient reliable financial information & analysis as necessary, to enable BOD to make sound decisions related to existing operations as well as new investments in order to achieve required ROI.
• Prepare monthly financial and non-financial performance indicators reports (KPIs)
• Prepare, interpret, and present the financial reports in the board of directors meetings
• Regular conduction of risk assessment for areas exposed for potential unsystematic risk
• Monitoring on-going performance, tracking achievements and highlighting variances, advice on preventive measures, corrective actions and reinforcements as required.
• Ensured that strong internal control systems in place including strong control environment, good control procedure, good Information system, good risk assessment and conduct, and managed credit risk (CRM)
• Managing the entire corporate credit and collection, corporate insurance policies and controlling exposure.
• Ensuring full safeguarding of company’s assets against potential risk exposure.
• Manage treasury functions including hedge, matching, netting, and forward contracts
• Managed the internal audit functions including preparing risk assessment reports, and annual reports
• Managing the expansion in new projects and acquisitions, Identify and implement cost savings initiatives relating to financial charges and interest on borrowings and credit facilities
• Managed projects starting from feasibility study, RFP, tender, engagement contract, stages of execution, till the handover
• Monthly conduction for decision support analysis such Sensitivity Analysis, Buy or Lease analysis, Equity Finance, long term Short Term finance, Make or Buy analysis, and Subcontract proposals analysis
• Prepare cost analysis and pricing for items manufactured, and participate in tenders pricing
• Prepare company’s Accounting & finance’s policies & procedures and forms adhere and compliance with local government laws, regulations, Qatar Exchange, GAAP, and IFRS
• prepare financial planning & feasibility studies for new projects, CAPEX and OPEX
• Manage the preparation of quarterly, semi-annual, and annual financial reports & statements
• Manage the transition to ERP system which meet the company needs of expansions and control,
• Managing the working capital including the cash flow, securing the funds with the currencies needed for current operations, expansion, and new projects,
• Create control system to ensure safeguard and best utilization of the company’s Fixed Asset.
• coordinate with the internal audit & department head for preparing risk assessment, and clearing risk points
• Drive the annual business planning and budgeting process, ensuring that budgets and targets are realistic, stretched and reflect actual business potentials.
• Prepare consolidated master budget, variance analysis between actual and budgeted revenue / expenditure, overseen and control operational budgets
• Prepare and submit financial reports to Qatar Exchange, and responded to the investors inquires
• Prepare published accounts, interpret, and present the financial statements in the board of directors meetings, and Key contact person for the stock market authority, and investors
• Ensure audits are completed in time and statutory book closing occur oversight of all accounting and business operations, and prepare Ad-hoc reporting for the board and senior management
• Administer banking arrangements, capital contracts till the final signature and authenticate
• Ensure that all contracts are negotiated with the best possible terms, assets are controlled and all exposures are insured and that funds are effectively managed as per company directives.
• Manage cash flow, working capital, and negotiate financial facilities such DCs, LCs, LGs, OD, and loans for financing working capital, expansion plans, and new projects
• Monitoring on-going performance, tracking achievements and highlighting variances, advice on preventive measures, corrective actions and reinforcements as required.
• Managed AED 7.5 Billion Real Estate investments, and AED 2.8 Billion Turnover
• Manage the finance and accounting function to ensure all records are up to date and the company reports a true and fair image of the company’s financial health to its stakeholders
• Manage units rent, collections, tenants contracts, maintenance cost reports
• Source and the first point of contact for all financial reporting and planning
• Drive the annual business planning and budgeting process, ensuring that budgets and targets are realistic, stretched and reflect actual business potentials.
• Prepare master budget and support the departments in collecting data for drawing the annual budgets
• Monthly preparation of consolidated balance sheet and P&L, KPI reports, productivity metrics, and various MIS reports
• Analyze and develop reports customize to suit business requirements and for management decision making
• Provide key business and financial guidance to the organization (budgeting and forecasting)
• Studied the performance of our investments, and reallocated funds to other business depending on the financial markets trends
• Coordinate with the projects manager for new contracts under construction
• Prepare project budget vs. actual reports on a regular monthly basis, and quarterly basis
• Conduct monthly analysis for expenditures to reduce the cost of the operation for the entire business Group
• Conduct inventory control, set a new policy for control, conduct segregation of duties for all employees
• Prepare annual budget, and monitor the budget performance against projections and actual expenditure
• Evaluate the accounting system and implement internal financial controls
• Track actual spending of capital projects and report status to the management
• Provide accurate and timely financial information to management (decision support, business planning)
• Monitor & supervise daily routine transactions for trade receivable, trade payable, Payroll and general ledgers transactions
• Prepare month end closing transactions (prepaid, accruals, inventory), and grouping GL accounts
• Manages all aspects of financial process, financial planning, performance management, reporting activity, corporate governance and risk management for R&D unit across Canada
• Manage all aspects of accounts & finance functions for the joint venture Suncor Energy Inc. & Sunoco
• Ensure silent running of financial processes and compliance with local regulations / statutes and Suncor Energy accounting standards & policies.
• Set up Suncor policies and procedures for subsidiaries and new joint ventures.
• Monitoring on-going performance, tracking achievements and highlighting variances, advice on preventive measures, corrective actions and reinforcements as required.
• Drive the annual business planning and budgeting process, ensuring that budgets and targets are realistic, stretched and reflect actual business potentials.
• Prepared feasibility studies, and managed financial aspects of construction’s projects for the new gas stations across Canada
• Prepared, collected taxes including PST, GST, Income tax, and submitted to Canada Revenue Agency
• Prepared corporate tax estimation, and submitted the tax payment to CRA on quarter base, and adjusted the taxation expense account actual vs estimated annually, and requested tax refund when applicable
• Lead the performance management agenda across the cluster making interventions where appropriate both for R&D cluster
• Work in partnership with the business to deliver growth, profitability, working capital targets in line with in-year Plans / Strategy.
• Proactive and visible engagement in strategy development in line with the financial framework and the Winning in Retail Strategy (WIRS)
• Compliance with Sarbanes Oxley requirements as defined in the risk control matrix.
• Excellent execution of all critical financial processes and silent running of accounting, reporting and control for all businesses.
• Support the execution of the projects through stage gates and taking the lead to deliver silent running on any changes that impact the Finance Function.
• Ensure that the company complies with all appropriate group and external accounting policies and financial reporting standards.
• Implement standard finance practices for across the board transactions
• Ensure risk management process is truly embedded, and appropriate mitigations are in place.
• Understand IT / systems controls and all current risk & compliance initiatives, and mitigations in place, where necessary.
• Provide commercial support to the Country Sales Directors on business performance and market intelligence through insightful analytics.
• Lead the performance management agenda across the Cluster, ensuring forecasts, reporting and analysis are robust and prepared on time. Identify performance gaps and intervene where appropriate to improve performance.
• Proactive and visible engagement in country strategy refresh including Cash and Working Capital agenda, with accountability for all financial outcomes
• Lead the cash agenda and focus on improving cash forecasting and sustainable cash release for all businesses, including hosted entities like Supply Chain.
• Manage the credit exposures in line with delegations and support the business to control market credit risks.
• Lead the performance management of Trade Loans and ensure that the approval processes are in compliance with the Trade Loans Policy.
• Support the continued embedding of SAP, and driving continuous improvement work when necessary.
• Lead Management Information & Decision Support (MIDS) project in the Cluster to simplify & standardize MI through automation and provide self-service MI.
• Increase visibility of all Supply Chain activities impacting P&L / Balance Sheet to ensure compliance with policy, and drive efficiencies across the value chain.
• Provide clarity of roles and accountabilities for Finance staff and inspire and motivate the organization to raise the bar on performance.
• Planning, leading, managing and supervising execution of external audit engagements within agreed budgets and deadlines,
• Performing complex fieldwork on assigned clients, assisting with the setting of budgets and pricing, scheduling audits, selecting staff and assigning workloads, developing the audit strategy, reviewing audit evidence, all within the KPMG Audit Methodology, and using technology tools
• Identifying and reporting on assurance-related engagements, as per agreed-upon procedures and examination of selected financial information.
• Regular conduction of risk assessment for areas exposed for potential unsystematic risk
• Monitoring on-going performance, tracking achievements and highlighting variances, advice on preventive measures, corrective actions and reinforcements as required.
• Ensure that strong internal control systems in place including strong control environment, good control procedure, good Information system, and good risk assessment
• Establishing client relationships, anticipating client needs, responding their queries, being alert to both commercial concerns and technical accuracy and referring upwards if necessary
• Complying with regulatory requirements by completing sign off and checklist procedures applicable to the local jurisdiction.
• Reporting to audit Senior Manager/Partner on all salient points arising from audits.
MBA in Financial Management
Post Graduate Diploma in advanced accounting
Bachelor Degree In Law (LL.B)
•Bachelor degree in Commerce and Business Administration (B. Com)
