cv -- mohammad hafez ahmed

MOHAMMAD HAFEZ AHMEDAbu Dhabi, UAE +971.504427730 [email protected]

[email protected]

CAREER SUMMARY

Profile: Seasoned professional with 21+ years of experience in accounting, financial management and corporate investment planning, specialize in mobilizing company funds and retained earnings, applying capital budgeting techniques to select the most viable projects and analyzing the liquidity position of the company. Proficient in reviewing financial statements and providing reliable financial, fund-raising and asset management advisory to the management. Possess comprehensive knowledge of accounting procedures, financial reporting standards and statutory compliance applicable to corporate enterprises in the region. Skilled at process definition and design with particular focus on improving productivity and departmental accountability.

Objective: Looking for a senior level assignment with a reputable organization to apply professional competencies and functional expertise in financial analysis & planning, accounting and fund sourcing to contribute to company profits.

SKILLS

Strategic Planning Business Management Internal Controls Accounting Procedures Financial Management Financial Reporting Financial Accounting Cost Accounting Management Accounting Budgeting Resource Allocations Project Management Accounts Receivable (AR) Accounts Payable (AP) Cash Flow Analysis Internal Audits Audit Reports Purchase Accounting Project Accounting Payroll Accounting Corporate Finance Leadership and Team Building Training & Development Staff Motivation & Mentoring Excellent Communication Skills Presentation Skills People Management

PROFESSIONAL EXPERIENCE

Ghantoot Transport & General Contracting Co. L.L.C (Abu Dhabi, UAE)Jun 1998 - Present

Designation Chronology: Jul 2005 to Present: Financial and Admin Controller Jun 2002 to Jul 2005: Chief Accountant Jun 1998 to Jun 2002: Senior Accountant Aug 1994 to Jun 1997: General Accountant

Key Responsibilities as Financial and Admin Controller:Strategic Planning & Business Management: Responsible for the management and implementation of company financial policies and procedures to ensure they are in

accordance with the board and International Financial Reporting Standard (IFRS). Participate in strategic planning, prepare business plans, define KPIs (Key Performance Indicators) for each department and

formulate action plans to support key objectives of internal functions such as business development, sales, marketing, HR. Contribute to the risk management function, identify risks associated with each business activity, evaluate the probable

impact of risks in monetary terms and develop risk reduction and control strategies. Designated Team leader for the review, consolidation and preparation of combined financial statements of Ghantoot

Group. Prepare the annual operating budget and guide senior managers in finalizing functional budgets, allocate resources and

monitor the implementation of business plans and budgets to achieve business goals. Conduct internal audits (processes and systems) to identify process deviations, accounting anomalies and detect financial

mismanagement (if any) at early stages and prevent monetary losses / penalties on account of non-compliance. In-charge of planning, organizing and supervising implementation of ERP (Oracle) to automate internal processes and

increase reliability of information generated by departments. On successful deployment of Oracle, trained the accounting staff to ensure appropriate data entry and compliance with the

provisions enabled in the system and verified accuracy in recording and reporting. Financial Management & Investment Advisory: Lead the finance department, design and implement financial policy and procedures and monitor KPIs (Key Performance

Indicators) to attain and maintain required departmental performance.

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Report to Managing Director and the Board of Directors and provide financial analysis, assist in the development of investment plans, capital budgeting and in finalizing venture capital financing decisions.

Design and administer the financial management policy of the company, ensure adherence to Standard Operating Procedures (SOPs), define short-term and long-term measureable objectives and monitor completion of tasks.

Evaluate opportunity costs of each project, conduct cost-benefit analysis and ensure selection of profitable projects with higher returns on investment.

Study balance sheets of corporate enterprises to arrive at investment decisions, suggest reliable investment avenues to the management to facilitate business growth and market expansion.

Present precise financial position of the company to the Board during business performance reviews, highlight funding requirements (immediate and long-term), outline the statutory compliance levels and discuss modifications required to internal processes and systems.

Treasury Management: Regulate the company’s existing assets, oversee acquisition of new assets, evaluate liabilities, availability of contingency

reserves and surpluses and monitor liquidity on a continuing basis; approve disbursement of funds for business purposes. Plan investments in different types of assets, projects and ventures to maximize returns, dividends and interest earnings. Exercise control and apply prudence in fund sourcing, allocations and financial management to regulate operations risk,

reduce financial losses and prevent damage to company’s goodwill and brand name. Grants Management: In-charge of benefits and grants administration, develop the grants policy and program rules in line with the core business

purpose and define eligibility norms. Explain the performance requirements, establish modules for risk assessment of projects, computation of costs and

highlight procedural requirements. Receive and screen incoming applications and release grants / funds for promising projects / ventures. Project Planning & Accounting: Assign required financial resources and manpower to ongoing company projects, oversee project accounting tasks, transfer

excess resources from one project to the other as required and ensure optimum utilization of available resources. Oversee execution of diverse projects of the company and coordinate activities for successful completion of projects as per

deadlines and within budgets. Payroll: Work with the HR department to manage the payroll function, verify accuracy of payroll accounting tasks and implement

revised processes to eliminate redundancies / shortfalls. Guide the payroll team in maintaining proper records of payments to employees (monthly deductions, allowances,

deduction on account of loans, perquisites, bonus etc).Functional Leadership: Build and maintain excellent business relations with customers generate leads and guide the business development team in

scheduling meetings, presenting sales pitches and acquiring orders. Liaise with external stakeholders (clients, consultants, government agencies, banks etc.) to support operations and maintain

records of formal correspondence for reference. Inventory Management: Administer the inventory policy of the company, oversee adherence to Standard Operating Procedures (SOPs) and the

replenishment schedule and maintain departmental productivity. Effectively control inventory movement to prevent excessive capital lock-up in idle stocks and mobilize additional funds to

meet inventory requirements for specific projects.

Key Responsibilities as Chief Accountant / Senior Accountant:Accounting and Financial Management: Maintained books of accounts, verified journal entries, ledger postings, ensured timely rectification, adjustment and

reconciliation of accounting records and oversaw preparation of the trail balance. Supervised the closing of books of accounts (monthly, quarterly, yearly), presented reports compliant with IAS and IFRS and

made required accounting and financial information available for publication of annual reports. Set-up proper internal controls to prevent deviations (if any) from standard accounting practices, ensured complete

transparency in departmental functioning to provide accurate accounting and financial information to the management. Monitored cash inflows and outflows for given accounting periods, prepared cash flow statements and raised requisition

with the treasury to obtain additional funds. Assessed requirements of short-term and long-term funds based on company’s strategic plans, sourced finance from

approved entities (banks and financial institutions) and monitored the rate of utilization of funds. Studied accounts receivable and accounts payable due during a given accounting period and maintained adequate liquidity

to prevent disruption in daily operations.

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Maintained the fixed assets register, computed annual depreciation on fixed assets, created a depreciation fund to ensure availability of funds in case of asset replacement.

Accounts Receivable (AR) and Accounts Payable (AP) Management: Received and verified invoices forwarded by suppliers against corresponding purchase orders, communicated with vendors /

3rd party service providers to resolve invoice discrepancies (if any) and released payments as per credit policy. Liaised with debtors / customers to expedite receivables as per the collections schedule and in line with the credit policy of

the company; offered settlement options to debtors to clear long-standing dues.Audit Planning & Implementation: Supported auditors during internal and external audits, responded to audit queries, provided relevant documents, purchase

orders, invoices and accounting records for each business transaction and noted audit recommendations. Assisted statutory auditors in closing financial audits and submitting reports for senior management review; initiated

corrective measures to reduce non-conformance as per recommendations received from auditors. Ensured appropriate financial reporting and presented financial disclosures as per statutory reporting standards and

management directives.Operations Support: Prepared demand forecasts in conjunction with the marketing and purchase departments to streamline procurement of

materials, supplies, equipment etc., finalized replenishment schedules based on market demands and rate of material issue to support order / contract fulfillment.

As designated company representative, liaised with banks to apply for term loans, working capital finance, overdrafts, line of credit, trade finance etc., completed documentation and oversaw disbursal of capital / funds at favorable terms of credit.

Handled bank transactions for the company’s current accounts and prepared monthly bank reconciliation statements.

ADDITIONAL ASSIGNMENT

July 2005 to Present: Financial Controller at RMB Group a sister company of Ghantoot Group (Hispano Décor Company , Valencia Marble Factory, Emirates Hydroponic Farms and Al Dar Real Estate and other companies ) where I prepared Consolidation Financial Statements in both Group.

Work Outline: Handled concurrent responsibilities at the company, oversaw Oracle implementation and ensured consolidation of accounting and financial information.

EDUCATION

University of Yarmouk, JordanBachelor of Accounting

Professional Development: Becker Professional (CMA) Review Course, Sessions completed include Spring 2004 and Fall 2003

Key Academic Coursework: CMA I: Economic, Finance & Management CMA II: Financial Reporting CMA III: Decision Analysis &Information Systems CMA IV: Decision Analysis & Information Systems

PERSONAL INFORMATION

Citizenship: Jordanian Date of Birth: 7 Dec 1972 Marital Status: Married Language: Fluent in English and Arabic

REFERENCES

Mr.Rashed Al Balaoshi, Ghantoot Group, Managing Director, Email: [email protected] , Mobile: +971504424343 & +971506424343

Engr.Nidal Al Armouti, Ghantoot Transport & Gen. Cont – Oman, General Manager , Email: of 4





[email protected]

[email protected] , Mobile: +96891266414 Mr. Andre E. Kasparian, Ernst &Young, Managing Partner , Email [email protected] Mobile: +971

506412191 Mr. Motasem Mustafa , NBAD Securities , Executive Director- Head of Sales , Email [email protected]

Mobile :- +971506170611 Mr.Sherif Mahfouz Darwish , Dubai Islamic Bank , AVP – Team Leader, Contract Finance, Corporate

Banking ,Email [email protected] , Mobile +971502649742 Mr.Feras Al Kilane , TAGI Auditors , Executive manager , Email: [email protected] , Mobile: +971506127310 Mr.Diya Abu Shakra , Valencia Marble Factory , Managing Director , Email [email protected] , Mobile:

+971554447848 Mr.Auda , AL NATTIQ TECHNOLOGIES (L.L.C), General Manager , Email: [email protected] , Mobile: +971505476933 Engr.Ahmad Muroaf , Ghantoot Transport & Gen Cont – Building Division , CO , Email : [email protected] Mr.Zayed Al Balaoshi, Ghantoot Group. General Manager Email [email protected] , Mobil:

+971506112624 Eng.Yasser Elshazly , Complete Energy Solutions, CEO , Email [email protected] , Mobile +971505293494

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cv -- mohammad hafez ahmed

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