AlWAZZAN REGIONAL COMPANY, KUWAIT APR 2016 – TmAR 2018 E
CFO
•Responsible to ensure the Financial Management systems, processes, procedures are at all times adhered and complied to with along meeting all mandatory legal statutory requirements
•Ensure that the profits of the Company are protected through the establishment of effective budgetary controls and expenditure procedures.
•Support the CEO and other key members of the Senior Management on Financial planning, budgeting, cash flow, investment priorities and policy matters.
•Manage Group cash flow and banking relationships to ensure consistent and reliable funding and liquidity and adequately mitigate financial risks.
•Provide accurate, timely reports and astute financial analysis, metrics and advice to the CEO and Board.
•Maintain continuous lines of communication, keeping the CEO informed of all critical issues or events.
•Ensure that company is on track with all budgets and strategic plans and delivers status reports to the concerned.
•Oversee the Billing and Contracts Administration; critically analyze and provide risk assessment on contracts, agreements, strategic partnerships, and project proposals
•Oversee the financial operations of subsidiary companies and foreign operations
•Oversee the company's transaction processing systems
•Participate in key decisions as a member of the executive management team
•Supervise acquisition due diligence and negotiate acquisitions
•Responsible to communicate and provide solutions to the continuous financial health and well-being of the company across all locations.
•Support all departments and advises them on financial prudence/ budgets/ diligences and operational requirements.
•Promote a culture of high performance and continuous improvement in the Finance dept.
•Manage investment activities for applicable asset management functions within the agreed risk parameters and accountable for Identifying, evaluating and recommending new investment opportunities.
•Anticipate negative or positive impacts on business targets and proactively suggest solutions, prepares action plan and implement them in coordination with Business Manager.
•Arrange Finance for the Projects
•Identify business risks & implementing effective mechanisms to mitigate the same, accountable for analysis and monitoring of scripts within sectors on the basis of fundamentals research.
MENA REAL ESTATE CO, KUWAIT AUG 2008 – APR 2016
Assistant Manager – Investment Department
•Key member of Investment Policy & Procedures Committee formed to write new investment policies, procedures and investments risk management.
•Organized investment activities for applicable asset management functions within the agreed risk parameters and accountable for Identifying, evaluating and recommending new investment opportunities.
•Reviewed and recommend Investment Asset Allocation for optional investment performance based on Company’s objectives and CMA regulations.
•Determined strategy and plan to each type of investments including Investment Properties, Real Estate Development, Private Equites, Fixed Deposits and Credit.
•Define business mission and performance standards across all functional areas and periodically reviewing performance with deft application of concurrent management audit procedures.
•Identified business risks & implementing effective mechanisms to mitigate the same, accountable for analysis and monitoring of scripts within sectors on the basis of fundamentals research.
•Involved in ongoing risk assessment of the portfolio by keeping abreast of significant developments in the market, economic and political situation for the purpose of assessing potential risk on the right time.
•Developed and establishing structure and the different sets of products including funds and portfolios with different levels of risks and returns as per Company policies and CMA regulations.
•Prepared corporate valuations and arranging the real estate valuations from independent valuators and developing PPM & investments performance reports.
•Coordinated with investment institutions, investment brokers, banks & financial institutions and regulatory authorities for investment purposes.
•Reviewed of investments, putting up proposals for holding or divestment of investments.
•Managed Fund and SPV’s
•Prepared Credit Analysis and arrange credit facilities.
•Supervised and guide Property Management Stuff
GLOBAL INVESTMENT HOUSE, KUWAIT MAR 2007 – JUL 2008
Senior Financial Analyst – Real Estate Funds
In Global Investment House I was in the Team where we are launched and managed Islamic Real Estate Funds (Islamic Structure).
•Set and fine-tuned an excellent operational base which is ratified by a very high customer retention ratio, focused on productivity and operational efficiency translating into cost savings and bottom line improvement.
•Key player in analysis, development and implementation of strategic plans & policies, ensured organizational growth, targeted maximum profitability and cost effectiveness.
•Performed financial analysis, data gathering from relevant sources for the purpose of assessing projects feasibility and interpreting data concerning price, yield, stability, and future trends of investments
•Part of the team which launched and managed Islamic Real Estate Funds (Islamic Structure).
•Successfully managed and arranged all Real Estate Funds and Investments in accordance with Islamic Structure.
•Prepared corporate valuations and arranging the real estate valuations from independent valuers and developing PPM & investments performance reports.
•Coordinated with investment institutions, investment brokers, banks & financial institutions and regulatory authorities for investment purposes.
•Highlighted the following areas for the Credit Analysis Write-up as:- Audit Comments , General Comments , Operational Profitability , Asset structure , Net working Capital and Liquidity Management , Finance structure and Net Worth , Cash flow Analyzing and Financial Strengths & Weakness of the client
•Analyzed and interpreted the financial statements using ratio analysis, trend analysis, and cash flow statement analysis and assisted in preparing credit review memorandum.
•Ensured that credit rating, credit scoring, calculation of expected loss, calculation of capital adequacy and economic capital is done in a sound manner.
•Prepared Credit Assessment (Credit Review).
•Fund and SPV’s Administrations, following up the accounts and audit as IAS & IFRS.
OSOUL LEASING FINANCE CO, KUWAIT MAR 2002 – MAR 2007
Senior Financial Analyst – Credit and Investment
•Played pivotal role in forming and developing the corporate credit policy including credit risk management for both consumers and corporate being an integral part member of Credit Policy & Procedures Committee.
•Identified opportunities to improve productivity, efficiency and ensured organization’s policies & procedures were complied with service quality norms.
•Proficiently improved the operational systems, processes and policies in support of organizations mission, specifically, supported better management reporting, information flow and management, business process and organizational planning.
•Created & sustained a dynamic environment that fosters development opportunities and motivated performance among team members.
•Highlighted the following areas for the Credit Analysis Write-up as:- Audit Comments , General Comments , Operational Profitability , Asset structure , Net working Capital and Liquidity Management , Finance structure and Net Worth , Cash flow Analyzing and Financial Strengths & Weakness of the client
•Analyzed and interpreted the financial statements using ratio analysis, trend analysis, and cash flow statement analysis and assisted in preparing credit review memorandum.
•Ensured that credit rating, credit scoring, calculation of expected loss, calculation of capital adequacy and economic capital is done in a sound manner.
•Prepared Credit Assessment (Credit Review).
•Evaluated & analyzed financial and investment information for the investment proposals as portfolio, funds, real estate and direct investment.
•Collected and analyzed information from various internal and external resources on company, business, and industry performance and associated risks.
•Valuated and analyzed financial and investment information for the investment proposals as Portfolio, Funds, Projects and Direct Investment.
•Prepared financial analysis for the real estate development projects and income generating assets.
•Arrange all investments, Corporate Credit Facilities and Real Estate Finance in accordance with Islamic Structure
•Fund and SPV’s Administrations, following up the accounts and audit as IAS
GRANT THORNTON & ANWAR AL-QATAMI CO, KUWAIT FEB 2000 – MAR 2002
Senior Auditor
•Conceptualized & implemented financial procedures, working capital management, financial controls.
•Monitored the inflow / outflow of funds and took adequate measures to ensure optimum utilization of available funds towards the accomplishment of organizational objectives.
•Prepared of audit programs for the application of auditing procedures to be followed.
•Prepared of written explanations and comments on the results of auditing work as “Letters of Recommendation” to client’s management.
•Prepared and analyzing of financial statements including explanations and notes and reviewing evaluation for stocks, bonds and investment portfolio, and producing statistics report for decision making process.
•Prepared the final Balance Sheets with audit comments to the clients
•Supervised preparation of written explanations and comments on the results of auditing work as “Letters of Recommendation” to client’s management.
•Analyzed financial statements including explanations, notes and reviewed evaluation for stocks, bonds and investment portfolio while producing statistics report for decision making process.
•Devised various cost control methodologies and implementing the same to ensure costs do not exceed budgets.
•Deployed systems to ensure smooth functioning of finance & accounting operations across the organization.
•Supervised the preparation of MIS reports, provided feedback to top management on financial performance including fund management, variance analysis, profitability, etc.
•Prepared and maintained statutory books of accounts, cash books, and reconciliation statements and consolidated reports in compliance with time and accuracy norms
BANK OF PALESTINE LTD JUN 1996 – JAN 2000
Officer/ Bank Employee
•Initially joined as Bank Employees for managing CASA, safe deposits, cheque deposits and foreign currency and progressed up to Officer to manage L/C (Letter of Credit).
•Implemented measures and strategies across preparing and finalizing various operational/ system processes to support business with due consideration of internal policies and operating standards on an ongoing basis.
•Prepared credit analysis & visited site and ensured timely receipt, maintenance and approval as per policy of deeds and documents relating to credit facilities to allow smooth and fast processing.
•Managed and controlled the operations and administration areas in the branch to provide and maintain quality service standards and enhanced efficiency while maximizing productivity.
•Identified issues and resolved customer complaint thereby improving service levels at branch and established credibility in accurately maintaining required frequency across Report indicators.
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EDUCATION CREDENTIALS
•M Com, University of Lucknow, India, 1995.
•Bachelor of Commerce, University of Lucknow, India, 1993.
CERTIFICATIONS
•Certificate in Foundation course, International School of Computer Technology, India.
•Certificate in computer courses, New Horizons, Kuwait.
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TRAININGS
•Economic and Accounting Concepts, Abdul-Aziz H Al-Sager Training Center, Kuwait, 2012.
•CMA Requirements, Seattle International for Public Training, Kuwait, 2012.
•Risk Management Officer, Kuwait Occupation Standard Assessment & Certification Org, 2011.
•Real Estate Valuation and Portfolio Management, Real Estate Association & Kuwait Foundation, Kuwait, 2009.
•Corporate Finance Course, GIH, Kuwait, 2008.
•Islamic Investment, Change for Consultancy & Training Company, Kuwait, 2007.
•Corporate Valuation Course, Global Investment House, Kuwait, 2007.
•Equity Analysis and Financial Statement, International Training Center, Kuwait, 2003.
•Advanced Financial Statement Analysis, Yanof Training & Consulting, Kuwait, 2002.
•Islamic Business Transactions Course, Human Investment Group, Kuwait, 2002.
•International Accounting Standard, Grant Thornton - Anwar ALQatami Co., Kuwait, 2002.
•Banking and Financial Certificate, British Council, 1997, Gaza.
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CONFERENCES
•Kuwait University (College of Business Administration), Kuwait, 2010 - Global Economic Directions IV
•Mazya Investment Company, 2008 - Conference of Financial Analyst
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Date of Birth: 15 Jun 1970.
Languages known: English and Arabic
Citizenship: India (Originally from Palestine)
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