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Management Manager

Location:
Dubai, Dubai, United Arab Emirates
Posted:
November 11, 2017

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AIZAD ASJAD MALIK

Dubai, UAE

Mobile: +*******54719

ac29g0@r.postjobfree.com / ac29g0@r.postjobfree.com

Senior Management Profile:

Finance & Accounts / Credit Control

Snapshot: Qualified senior finance and accounts

management professional with 15 years of experience in consistently accomplishing organizational P/L utilizing financial prudence and managerial acumen. Exploring challenging senior managerial assignments with a

professionally managed organization.

EXECUTIVE SUMMARY

Proficient in corporate finance, corporate governance, treasury & cash flow optimization, budgeting, forecasting, reporting

& analysis, policy & procedures development, compliance, financial & operational KPIs analysis.

Skilled in aligning resource requirements to business objectives, restructuring deployments, managing budget, finalizing matrix, developing procedure flowchart. Proficient in automating, customizing, modifying system module updates for generating various status reports.

Adroit in assisting the senior management in preparing annual budgets, evaluating and interpreting financial plans or budgets including other related factors.

Adept at interacting with customers for resolving invoice, cash flow or service related issues in the form of account reconciliation, agreeing to payment plans and by issuing credit notes amongst others.

Well versed in evaluating credit application forms and assigned credit limits against each customer post management’s approval.

Capable of driving teams to achieve results, communicating with people across the organizational hierarchy and consistently delivering results in high-pressure environment.

Role Model for performance appraisals, and known for solid value system that includes strong ethics and integrity. KEY SKILLS

Financial Analysis & Due Diligence

Financial Modeling/ Restructuring

Working Capital Management

Internal & External Audits

Budgeting & Forecasting

Risk Assessment & Mitigation

Compliance Management

Statutory Interpretation

Credit Assessment

Presentation & Communication

MIS & Reporting

Supervision & Control

Credit Control Management

Stakeholder Interaction

Performance Management

Training & Development

Team Leadership

PROFESSIONAL EXPERIENCE

Group Assistant Manager Credit and Insurance (Jul 2015 – Aug 2017) Lamprell Plc, Dubai, UAE

Key Achievements:

Successfully recovered debts and reduced DSOs to 50 days by implementing customized credit policy leading to enhanced organizational P/L.

Played key role in setting up Oracle, developing new invoicing process to capture VAT as well as automating balance sheets schedules and board pack leading to enhanced operational efficiency.

Acknowledged for reducing receivables from $485 Million to $95 Million during the tenure with the organization. Key Responsibilities:

Managed Group’s credit and insurance program and met customers and insurance brokers twice in a week.

Managed Group’s revenue reconciliation and recognition on monthly basis as per IFRS 15. Submitted cashflow forecast as well as balance sheet schedules with commentary to enable senior management in decision making.

Assessed P&L, balance sheet at the end of every month and recommended effective remedial measures to the senior management based on gaps/ re-class.

Evaluated AP and AR aging reports, on daily basis and asset register on monthly basis. Ensured approval of AR invoices, AP accruals and Journal Vouchers on daily basis.

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Prepared, maintained organizational cash flow and forecasts aimed at enhancing organizational bottom lines. Maintained updated financial data and cash flow aligned to operational and financial requirements.

Liaised with other departments, external partners including third-party vendors and consultants for maintaining seamless operations.

Conducted monthly project review meetings with project teams for identification and elimination of deviations from financial perspective. Convened debtor meetings with the projects and senior management on fortnightly basis.

Followed up with stakeholders to accomplish monthly cash collection targets to reduce DSO. Ensured provisioning of doubtful debts based on impairment rules described in IFRS 9.

Participated in internal and external audit and managed various policies of the group.

Ensured submission of assets, liabilities and headcount declarations to insurance brokers/ under writers on quarterly basis and interacted with top insurance brokers for negotiating competitive insurance rates with the organization.

Assessed organizational P/L and conducted variance analysis on budget Vs actual and submitted re-forecasts on quarterly basis to management

Conducted financial due diligence of new customers on the basis of their financial reports. Assessed and finalized LC terms and conditions; negotiated with banks for ensuring adequate fund flow for existing and future business ventures of the organization.

Senior Credit Controller (May 2013 – Jul 2015)

Plafond Fit Out LLC-Transguard Group, Dubai, UAE

Key Achievements:

Successfully reduced receivables from AED 325 Million to AED 187 Million (end of Jun 2015) utilizing financial prudence and managerial acumen.

Key Responsibilities:

Focused on submission of collection forecast and company’s cash flow on monthly basis and ensured reduction in bad debts by recovering debts from the market. Visited the customers almost daily until DSO were reduced.

Assisted the Financial Controller and Finance Manager in managing day to day financial transactions, preparation of board pack and other relevant reports in compliance to various statutory regulations.

Interacted with clients on due payments, release of PBs and APs guarantees and for resolution of disputes for maintaining seamless operations.

Guided the QS team in accomplishing monthly collection targets. Managed administrative aspects related to submission of reminder letters and statements to customers on monthly basis.

Highlighted critical issues and other operational bottlenecks with potential business and revenue impact to the senior management to enable effective decision making.

Senior Credit Controller (Jan 2012 – May 2013)

AGMC, Dubai, Sharjah and Northern Emirates, UAE

Key Achievements:

Successfully recovered almost 70% of very old bad debts, dated back to 1998 leading to significant reduction in overdue / bad debt figures.

Key Responsibilities:

Ensured submission of collection forecast on monthly basis and guided the credit control team in maintaining monthly collection targets.

Led a team of 1 debt collector and 21 cashiers in managing business operations across different locations in Dubai, Sharjah and Northern Emirates.

Followed up with various stakeholders in ensuring submission of statements, invoices and credit notes to the customers

Interacted and made visits to customers to ensure their outstanding remains in line with the credit terms and other contractual parameters. Resolved customers issues aimed at enhancing customer satisfaction.

Ensured provisions against bad debts on monthly basis. Assessed credit application forms and assigned credit limits against each customer post management’s approval.

Regional Credit Controller (Nov 2008 – Jan 2012)

Byrne Equipment Rental LLC, Abu Dhabi, UAE

Key Responsibilities:

Maintained regular interaction with customers for resolution of disputes and recovery of debts as well as reconciliation of customer statements.

Updated and assigned credit limits against each customer account based on discussion with Finance Manager, Area/ Sales Manager, COO and CEO. Ensured weekly provisioning based on debtors ageing. 3

Prepared and presented various status reports for the senior management and other stakeholders to enable effective decision making.

PREVIOUS ASSIGNMENTS

Credit Controller Cum Administrator, Golden Sands Abrasives (Dubai) (May 2007 – May 2008)

Depot Operations Manager, Unilever Pakistan Ltd (Jun 2005 – May 2007)

Junior Accountant, Harvester Services (Pvt.) Ltd (Jul 2001 - Sep 2004) EDUCATION

Certified Management Accountant, Institute of Management Accountants, USA (Pursuing)

MBA (Finance), Virtual University (2015)

B Sc. (Economics and Computer Science), Islamia University (2006) PROFESSIONAL DEVELOPMENT

CERTIFICATIONS:

Converting Risks into opportunities (Insurance Certificate), UAE, 2016 TRAINING COURSES AND WORKSHOPS:

Presentation Skills, Chicago Institute of Management Sciences, UAE, 2016

Trade Finance, Sharjah Islamic Bank, Sharjah, UAE, 2013 PERSONAL DETAILS

Nationality: Pakistani

Date of Birth: 16 July 1984

Languages: English, Hindi, Urdu and Punjabi

Passport Details: AK1882894 valid till 2026

REFERENCES AVAILABLE UPON REQUEST



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