Basic Info

Syed ishaq

15 years

Doha, Qatar

Master's Degree

Manager

Work Experience

Finance Manager at Sheikh Salman Bin Ahmed Al Thani Group

Experience Details

Finance Manager

Accounting/Finance

Manager

Selected Achievements:
• Instrumental in achieving accelerated growth of the company by 35% in terms of business portfolio, assets and infrastructure by ongoing development.
• Saved large amounts of sums by tightening the internal controls over utilization of funds and improved the debt collection process significantly through continuous monitoring and auditing
• Managed 500 million budget projects and achieved project scheduled goals
• Identified and closed the major loss making division and hence reduced overhead expenses and cost inefficiencies
• Responsible for the successful due diligence and acquisition

Key Responsibilities and Contributions:

• Overall responsible to lead the finance functions of the company with emphasis on strategic planning, governance, control, risk management, working capital optimization, management accounting and bottom line performance by close coordination with engineering, procurement and construction teams
• Refined revenue recognition & WIP concepts in business unit to ensure reporting is aligned to company’s accounting policy and IFRS standards
• Instrumental in developing project wise cost analytical reports, forecasts and MIS reports to achieve reduction in the costs and enhance the project portfolio analysis to take corrective actions and timely management decisions.
• Analyzing whether budget submissions can be achieved based on capacity constraints and inform management about potential problem areas
• Coordinating capital budgeting approvals
• Negotiate with Bank for lines of credit or other financial services as required and appropriate
• Analysis of working capital requirement like cash flow, monitoring budgets and comparing them with actual cost and revenues
• Providing, analyzing and interpreting financial reports and highlighting the unusual trends
• Developing financial management mechanisms that minimize financial risk
• Conducting reviews and evaluations for cost-reduction opportunities
• Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations such as the Inland Revenue
• Keeping abreast of changes in financial regulations and legislation
• To provide management with all information on the financial performance of the individual projects in order to steer the business in the most profitable and professional direction possible
• Interface with other key shared service providers such as HR, Procurement, and Support Services in order to identify issues, and potential resolutions, and opportunities related to the area of support. Identify patterns and predict potential issues/opportunities to drive improvement


Company Details

Sheikh Salman Bin Ahmed Al Thani Group

Doha, Qatar

More than 1000 employees

Oil and Gas, Construction - Industrial Facilities and Infrastructure

www.etsqatar.net

Sep 2013 to present (3 years 3 months)
Regional Finance Manager at Bindawood Group of Companies

Experience Details

Regional Finance Manager

Accounting/Finance

Manager

Selected Achievements:

• Re-designed & implemented turnaround times various processes and procedures for prevention of fraud & losses, expenses control, and payroll and incorporated them in the company manuals
• Successfully implemented new ERP system
• Successfully arranged to implement all necessary internal controls in the region within few months after taking charge as Regional Finance Manager for the organization
• Successfully analyze inventory and margin reports, conduct research and perform analytical studies in regards to cost analyses and profitability
Key Responsibilities and Contributions:
• Reporting to the Group CEO and responsible for the preparation of regional financial reports, budgeting, forecasting and corporate finance
• Providing information to management by assembling and summarizing big data by converting spool to excel file by using V lookup, H lookup, Macros and Pivot Table & PivotTable Chart functions
• Analyzing financial information for business units to determine standard costs, perform variance analysis between actual and standard costs
• Identifying the weakness in the internal control system and reporting to the top management for information/necessary action and development purpose.
• Analyzing the trends of Discounts and Promotional items and recommending actions to management
• Reconciliation of GL, assets and liabilities monthly / quarterly basis.
• Providing weekly performance reporting to the retail team highlighting trends and opportunities to assist in improving profits, margins and reducing costs
• Managing of MIS (In functional areas: Finance & Cost Management) to optimize the flow of information for helping the decision making process
• Optimizing manufacturing costs and process improvement
• Prepare, analyze and report weekly, monthly, quarterly gross margin analysis by brand by customer type
• Plan, supervise and review the entire payroll functions for regional outsource employees
• Review expense by cost center to ensure they are booked in line with the budget
• Assisting Auditors for year-end Statutory Audit of the Company


Company Details

Bindawood Group of Companies

Makkah, Saudi Arabia

More than 1000 employees

FMCG, FMCG, Retail

www.bindawood.com

Jun 2003 to May 2013 (9 years 11 months)

Achievements


• Instrumental in achieving accelerated growth of the company by 35% in terms of business portfolio, assets and infrastructure by ongoing development. • Saved large amounts of sums by tightening the internal controls over utilization of funds and improved the debt collection process significantly through continuous monitoring and auditing • Managed 500 million budget projects and achieved project scheduled goals • Identified and closed the major loss making division and hence reduced overhead expenses and cost inefficiencies • Responsible for the successful due diligence and acquisition • Re-designed & implemented turnaround times various processes and procedures for prevention of fraud & losses, expenses control, and payroll and incorporated them in the company manuals • Successfully implemented new ERP system • Successfully arranged to implement all necessary internal controls in the region within few months after taking charge as Regional Finance Manager for the organization

Education

ICMAI in Corporate Finance

Education Details

ICMAI

Corporate Finance

Institute of Cost Accountants of India, India

B / Very Good / 75 - 85%

N/A

N/A

Institute of Cost Accountants of India
1999 - 2003
B.Com. in Commerces

Education Details

B.Com.

Commerces

Osmania University, India

B / Very Good / 75 - 85%

N/A

N/A

Osmania University
1997 - 1999

Certifications

Certificate details

Certified Management Accountant CMA (USA)

Feb 2014

N/A

N/A

N/A

N/A

Training and Courses

ERP JDA at IBM
Jun 2003

Training/Course Details

ERP JDA

Jun 2003

IBM

N/A

This profile is not updated!
Last update more than 3 months ago.

Jobseeker photo

Profile Skills and Keywords

AccountingAnalyticalArabicBudgetingCash FlowsCertified Management Accountant CMA (USA)CommercesConstruction - Industrial Facilities And InfrastructureCorporate FinanceDue DiligenceERPERP JDAEnglishFMCGFinanceFinance ManagerHandles StressHard WorkerInsuranceMS OfficeManagement AccountingNet SurfingOil And GasPersistentProblem SolverReading BooksRegional Finance ManagerRetailUrdu

Self-assesed Skills

Languages

English

English

: Fluent

: Fluent

: Fluent

: Fluent

Arabic

Arabic

: Advanced

: Beginner

: Intermediate

: Intermediate

Urdu

Urdu

: Fluent

: Advanced

: Fluent

: Fluent

Tools and Technologies

MS Office

MS Office

: Expert

: Extreme - I love it!

:

More than 7 years

ERP

ERP

: Expert

: Extreme - I love it!

:

More than 7 years

Fields of Expertise

Finance

Finance

: Expert

: Extreme - I love it!

:

More than 7 years

Management Accounting

Management Accounting

: Expert

: Extreme - I love it!

:

More than 7 years

Cash Flows

Cash Flows

: Expert

: Extreme - I love it!

:

5-7 years

Budgeting

Budgeting

: Expert

: Extreme - I love it!

:

5-7 years

Due Diligence

Due Diligence

: Expert

: Extreme - I love it!

:

1-3 years

Key Skills

Analytical, Hard worker, Problem Solver, Persistent, Handles Stress

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