Tamoor ul Hassan
Finance and Accounts
Ajman
Summary of Career
1. Presenting 15 Year diversified experience in Constructions, Contracting, Manufacturing and Trading, have a potential to handle any industry; a qualified, skilled and smart Senior Finance professional, a specialist in mitigating elements of risk, implementing internal controls, Credit Control and Receivables.
2. Capability to handle Company and Group finances, financial statements, monthly, Quarterly and annual closing of accounts (Balance Sheet, P&L, etc).
3. Having experience in leading the team of accounting operations (General Ledger, Accounts Receivable, Accounts Payable, project costing, treasury, procurement and Inventory, Contracts and agreements, legal affairs (including the coordination with company lawyers).
4. Having experience in registering company for VAT, timely filing of VAT return in compliance with UAE Federal decree law.
5. Having experience in ensuring business strategies, accounting policies in compliance with IFRS understanding, and procedures such as credit control guidelines being a proactive professional.
6. Experienced in successful management of company resources and working capital to have excess cash inflows and liquidity. Experienced in forecasting 6 month cash flows, ensuring monthly expected collections of AED 10-12 million with effective strategies
7. Experienced in dealing and coordinating with banks on all kinds of corporate matters, including project financing, bank facilities such as letter of credit, over drafts, trust receipts, bank guarantees, etc.
8. Experienced in performing regular audits on finance processes to identify any breaches of, or risks to, company policies and work with management to implement robust controls
9. Having experience in preparing Budgets, variance analysis, Key Performance Indicators trend analysis and interpreting financial ratios and reporting the top management.
10. Having Experience in handling Export and Import letter of credit (LC) document processes. A Strong and a skilled professional in Debt collection, supplier payments and Capable to handle legal proceedings and serious collection activities
Recovered millions of Bad Debts with strong and effective collection strategies.
Established a system for strong documentation and work in progress claims which improved and tracked the collections of running projects.
Formulation and implementation of different credit and collection strategies brought down DSO (Daily Sales Outstanding) by 22% and increased accounts receivables turnover ratio by 10%.
Experience as Inventory and Procurement Officer
01 January 2005
31 October 2008
Major responsibilities includes Procurement planning and forecast, maintaining optimum inventory levels, job order costing, supervising of costing and store team, leading ERP implementation Team,
Experience as Finance and Administration Manager
01 November 2008
31 December 2011
Shahab Dyeing & Printing Mills (Pvt) Ltd is a leading textile processing unit in Pakistan with turnover of over 200 Million and over 1000 employees.
? Responsible for oversight of all accounting and finance operations.
? Preparation of final accounts in coordination with external auditors
? Look after all administrative and HR matters
? Responsible for preparation of Various MIS reports.
? Filing of Sales Tax and income tax returns
Experience as Finance Manager
12 March 2012
31 March 2016
? Responsible for monitoring the company’s financial matters; ensuring effective use of the funds and ascertaining correct payment terms with the clients and suppliers.
? Responsible for handling the accounts until finalization.
? Preparation of Master Budgets to direct the activities of all functional areas.
? Led and direct the accounting team working on various accounting activities within the Finance and Administration department.
? Handling legal proceedings and serious collection activities.
? Handling credit control department, credit insurance, bad debts, credit limits and terms with clients.
? Defining company policy on receivable and payable days to manage working capital.
? Prepare Monthly, quarterly cash flow forecasting, budgeting and working closely with the operations and procurement. Analysis of actual & forecast numbers to support management decision making process for reducing the monthly expenses of company.
? Analyzing sales target, sales team performance and report it to the CEO on weekly and monthly basis for decision making and to suggest incentives to increase sales.
? Evaluate the financial performance of the company and assess the existing and potential weaknesses.
? Establish effective ERP system and enhance the financial reporting of the Company
? Manage LC, Bills of Collection, etc LC and Cheques Discounting, Import and Export LC documentation and bank facilities.
? Group Accounts Reconciliation on monthly basis.
Experience as Finance Manager
01 April 2016
10 January 2020
? Managing and controlling accounting team of Group Companies, providing guidance and motivating subordinates to enhance performance and produce quality work, and ensure that they are continuously developed for higher level roles.
? Responsible for oversight of day-to-day finance and accounting operations (Billing, A/R, A/P, GL, Cost Accounting, Inventory Accounting and Revenue Recognition and monthly reconciliations) to ensure timely and accurate financial information with appropriate internal controls
? Coordinates and supervises all financial and accounting operations e.g. credit controls, capital expenditures, account receivable, payable, budgeting, sales, purchasing, costing, general expenses, etc
? Supervises and controls the preparation of all the financial and management reports and ensures their timeliness within the framework of the corporate established policies and procedures and in compliance with the top management requirements and to assist the GGM & CFO by providing advice to support the decision-making process.
? Monitors the granting of credit facilities to customers with a scope to identify the credit worthiness of customers prior to opening of accounts and sales transactions.
? Responsible for oversight of day-to-day receivables operations (including approving sales orders, risk assessment of orders, evaluation of new customers, posting of complex invoices, monitoring credit terms till collection, etc).
? Development and implementation of VAT (Value Added Tax) procedures/formats in compliance with UAE Federal Decree Law (08) of 2017 and cabinet legislations.
? Determining, implementing, monitoring, reviewing and evaluating budgetary and accounting strategies, policies and plans in consultation with GGM and CFO and in collaboration with all other Department Heads.
? Ensures the efficient operation of the computerized financial applications and suggest necessary development / customization of the software, including training needs for handling their roles and responsibilities and managing the software.
? Participates in the formulation of the financial policies and procedures.
? Monitors the implementation of policies and procedures in an efficient manner to ensure cost effectiveness.
? Provide clarification and advice on financial policies and procedures to be followed and monitors their execution.
? Identifying, managing and reporting on financial risks.
? Monthly Analysis of Group receivables aging, periodic forecasting of Group Cash inflows/collections based on payment terms and negotiations. Prepare collection budget.
? If required personally Follow up by calls, visits, Issuing memos & overdue letters in liaison with Legal Dept. Deciding and taking action on problem collections including legal proceedings.
? Reviewing all kinds of contracts and providing guidelines to contract department regarding all general and commercial issues for new and running projects and ensure implementation of contracts at all levels.
Master 12 January 2000
Master of Business Administration - Finance