Experience as Financial Controller

• Employer

  Sicuro Group FZE

• From

  06 March 2010

• To

  30 September 2012

• Detail

  Hired to set up accounting functions, prepare financial statements, audits, and internal management reporting. Achieved by revising chart of accounts, enabled profit-center accounting, prepared an annual budget, and executed cash flow planning for the company.
  
  • Implemented SAP by working with the SAP installation team, with primary responsibility for the design and implementation of Costing and Financial modules for the division. Customized FICO module for various global, GL, AR, and controlling parameters in IMG.
  • Executed cash flow forecasts to analyze the liquidity and profitability of the business. Collaborated with Valuation advisors as project lead to prepare a business valuation for the sale of a business segment to the new investor.

Experience as Finance Manager

• Employer

  Sap & Kaps Petroleum Services LLC

• From

  09 December 2012

• To

  30 April 2020

• Detail

  Controlled all aspects of corporate accounting and financial reporting including general ledger, fixed assets, accounts payable, accounts receivable, petty cash, bank reconciliation, intercompany balances, payroll, financial analyses, project pricing/costing, BOM verifications and VAT implementation of 3 group entities. Reviewed and supervised the work of 5 staff and motivated the finance team for better performance. Key Achievements:
  • Analyzed financial activities using Excel modeling (VLOOKUP, Pivot Tables) including the monthly close processing, balance sheet valuations, and reconciliations, expense budgeting, forecasting, planning, and overhead allocation on Activity Based Costing.
  • Performed valuation analysis of new investments and business cases. Built top-level financial models for planning & analysis, and decision support to internal stakeholders.
  • Primed rolling cash flow forecast with scenario models exhibiting simulations of impacts on working capital, due to strategic decisions.
  • Tracking project’s cash flow by analyzing CAPEX required and business OPEX cash outflow.
  • Implemented zero-based budgeting of over AED 50M+ annually, analyzed assumptions, and complied budget. Monitor costs and revenues whilst taking cost reductions measures.
  • Executed MIS reporting of 7 BUs, based on variable costing and absorption with balancing ensuring timely monthly closing, and accruals postings.
  • Designed KPI reports, achieving 80% reduction in preparation time, KPIs based on projects planned and earned value, actual versus budgeted variance, and target.
  • Reduced Selling, General, and Administrative (SG&A) expense 15% by developing Travel and Entertainment policy and procedure, ensuring defined controls.
  • Executed Inventory Control process, reducing inventory loss 33% annually versus the previous year through process standardization, training, and performance audit.
  • Streamlined Invoicing process to reduce errors improved receivables quality, declined DSO by 50% and rigorous follow-ups, and Cashflow improvements.
  • Held ultimate responsibility for preparations of Statutory Financial Statements under IFRS. Consolidation of Financial Statements for overseas offices. Coordinated ICV audit, reporting, and compliance.