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B., B.Sc., ACA
P O Box
, Manama, Bahrain
Mobile: + ; Telephone Home: +
Highly skilled and experienced qualified
finance professional ACA with a strong commercial and operational
focus, who has maximized corporate growth and effectiveness opportunities
by complementing sound commercial discipline with strategic vision and
operational implementation skills.
Has repeatedly identified scope for rapid corporate growth and bottom
line improvement, and provided the focus for achieving it, whilst ensuring
commitment at all levels. Change agent, proactive, innovative, leads
by example and enthusiasm.
Extensive years post qualification
experience in various industries such as Auditing, Consulting, Utilities,
Manufacturing, Retail, Engineering, Automotive, Real Estate, Insurance
and Hospitality in Bahrain, Qatar, UAE, UK and India.
Best corporate practices development,
cost reduction and earning potential optimization, working capital management
though best inventory control and receivables management, credit risk
management, exchange risk aversion, mergers & acquisition, ERP selection
& implementation, business analytics, Joint Ventures JVs.
ExperienceFinancial Controller J A Zayani & Sons WLL, Bahrain
April — Present
J A Zayani & Sons is a
highly respected Bahrain based diversified group of companies engaged
mainly in the installation and service of Otis and Sigma elevators and
escalators apart from operating a full fledged engineering and mechanical
services division offering sale and service of construction machinery,
garage equipment and field survey accessories. Its scaffolding division
offers expert scaffolding services as well as sale and service of scaffolding
materials. The group is also engaged in sales and distribution of chemicals,
plastics and construction materials. Its retail divisions represent
high street fashion and office furniture. The real estate and hospitality
division owns and operates a four star hotel and + apartments and
luxury villas. The group has a manufacturing facility for HDPE based
products as well. The insurance division underwrites all sort of general
insurance policies in the Kingdom of Bahrain. Apart from Bahrain the
group has its presence in USA, UK, UAE and operates several automotive
dealerships in Kuwait also.
As Financial Controller of the group I direct all financial, IT and
strategic functions with specific responsibility for all MIS, capital
and revenue budgeting, working capital management, compliance, risk
management, development / review of policies and procedures, business
development, diversification, M&A and new ventures.
Oversee all finance and IT
functions of the group with specific responsibility for consolidation
of financial statements, budgeting and variance analysis, banking activities,
payroll, procurement of stockintrade and capital goods, external reporting
Maintain strong and reputable
banking and legal relationship across Middle Eastern and European markets.
Successfully implemented an
ERP system MSSQL connecting four geographical business locations
through a VPN network for a secured online data sharing and processing
Reduced leadtime for preparation
of financial statements from one month to five days.
Implemented corporate governance
standards in line with SOX requirements.
Responsibility for preparing
and consolidating financial statements, presenting them to the Board
and getting them audited as per IFRS requirements.
Preparation of capital and
revenue budgets, its periodical monitoring for variances and advising
the divisional / line managers on cost reduction and revenue optimization
Identification of areas for
automation, selection and evaluation of costeffective IT systems, its
development and implementation in consultation with system vendors,
postimplementation monitoring and subsequent enhancements in accordance
with the emerging business requirements.
Undertaking specialized studies,
preparation of feasibility reports and projections for the purpose of
Board appraisals and for financial institutional borrowings.
Recruitment and training of
Developed a result oriented
compensation policy for operational, management and support staff through
the entire group; results: Sales increased by % leading to better
profitability and employee motivation.
Established a committee for
ensuring timely followup and collection of Trade Receivables; results:
amounts provided in earlier years as bad debts were subsequently collected
through proper followup techniques; a higher liquidity of receivables.
Formed a task force for prudent
inventory control and management; results: doubled the inventory turnover;
reduced the inventory carrying costs; improved the working capital position
by disposingoff the obsolete stock.
Increased the profitability
of the Consumer Electronics Division by % by closing down two nonprofitable
outlets and relocating them to better locations having more business
Implemented JIT ordering policy
for the Industrial Products Division, thereby reducing the working capital
requirement by %.
Led the process of acquisition
of a two star hotel in London; oversaw its refurbishment in to a four
star hotel, turned it around to a profitable business and negotiated
for its successful sale; achieved an overall ROI of % p.a.
Organized the merger process
of the Elevator Division starting with the preparation of forecasts
and SWOT analysis, collection of market data, selection of proper valuation
methodology in liaison with the consultants and in the final negotiation
of the values. Negotiations based on vital data on strengths and opportunities
resulted in a better earning potential for the Group by spinningoff
% stake in favor of the principals and establishing a new company
with more market competitiveness.
Chief Accountant New Trade Co; Doha, Qatar
March — April
Formulated an integrated Management
and enhanced the accounting system with minimal cost / zero defects
/ no duplication process.
Streamlined the commercial
operations and controlled the overheads through well laid out forecasts
Reduced the financing cost
by % through planned deployment of internal resources.
Implemented an effective credit
Developed a proper inventory
control system, thus improved the cash flows and eliminated stock obsolescence.
Media planning and scheduling.
Negotiation with suppliers
and trade representatives.
Liaison with banks, auditors,
consultants and legal advisors.
Developed and implemented
a performance based compensation policy.
Finance Manager Vysali Pharmaceuticals Limited, India
April — March
Managed a team of in finance,
accounts, legal and IT functions.
Successfully coordinated all
the time bound procedures of the IPO and stock exchange formalities.
Addressed the public shareholders
on the progress of the new project and the performance of the company
in its Annual General Meeting AGM.
Achieved % ROI on corporate
investments by striking a balance between liquidity and risk.
Liaison with banks, financial
institutions and auditors.
Deputy Accounts Manager Kerala Water Authority, India
February — March year
Finalizing of annual accounts
of the Corporation.
Preparation of revenue and
Implemented a training program
for accountants of Project Monitoring Units.
Liaison with auditors and
Audit Manager Maharaj & Co., Chartered Accountants,
January — March
Managed a team of assistants
in the audit of various companies, banks and financial institutions.
Preparation of audit reports
and financial statements.
Undertook specific assignments
on profitability analysis, internal control, taxation, company law,
public issue IPO management etc.
EducationACA Chartered Accountant,
in Mathematics and Statistics,
— Certified in
IT & Computer Applications,
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