Finance Manager, Manager Accounts & Control

ELLYAS F. JOHAR

Mobile: +965********; +965******** ~ E-Mail: ***********@*****.***

HIGH-IMPACTFUL FINANCE & ACCOUNTS PROFESSIONAL

Accelerated Profits, Productivity and Cost Containment with Process Upgrades; Applies Qualitative & Quantitative Analysis to Elicit Top Results from Employees, Vendors and Partners PROFILE SUMMARY

Highly accomplished, results-driven financial management leader with 25 years of progressive experience in financial and operational excellence in global multi-million dollar organisation in diverse departments / groups

Presently associated with Engineering Group, Alghanim Industries, Kuwait as Finance Manager

Cross-cultural leader with strong exposure in strategic & financial planning for start-ups, complex restructuring, expansions, large scale business transformations and business advisory roles

Comprehensive experience in spearheading the Finance & Accounting Functions of multiple complex contracts with large annual revenue, with experience in improving contract profitability & control posture and preventing revenue loss

Successfully reviewed & enhanced all financial procedures and internal controls, automated and integrated financial information systems, prepared financial forecasts with coordinated budget projections and developed a plan to finance significant unfunded capital authorizations

An enterprising leader with excellent decision making, controlling & problem solving skills; holds the distinction of being recognised for best performance by several

employers

CAREER CONTOUR

Since Sep’15: Alghanim Industries, Kuwait Engineering Group, as Finance Manager Role: Driving achievement of business growth & profit goals by formulating & implementing strategic financial solutions and business policies, procedures & systems for tracking financial operations. Developing, analyzing & implementing budgets i.e. monitoring budgets for deviations, conducting variance analysis and making recommendations for new or revised budget norms or procedures. Providing sales growth in line with strategic organizational objectives as well as analyzing marketing campaigns & its effectiveness.

Efficiently & effectively analyzed petty cash expenses, thereby reducing wherever possible

Drove automation by streamlining processes and eliminating manual efforts; collaborated with IT Department to generate automated SAP reports

Contributions towards:

o Improving working capital management and support evaluation of CAPEX initiatives o Ensuring stricter enforcement of credit limits and conducting periodic receivable reviews o Implementing scientific demand planning process for majority of procurement

Actively involved in liquidation of non-moving inventory; developed & instituted DIOs for all items (Agency & Non-Agency)

Successfully developed the dashboard to track order intake for Central Air-conditioning; skilfully revamped the standard cost models for effective pricing decisions

Mar’13-Aug’15: Alghanim Industries, Kuwait-Financial Planning & Analyis, as Finance Manager Role: Performed the key role of validating business plans & commercial strategies for maximizing profitability & revenue generation in line with corporate goals. Created budgets as well as conducted variance analysis to determine difference between projected & actual results and implementing corrective actions for the same. Determined the relevance of KPIs reported to Executive Council on an on-going basis. Administered Project Finance functions encompassing negotiations, analysis of proposals, and settlement of debts – carried out post implementation reviews of large CAPEX projects.

Instrumental in operationalizing the Balanced Scorecard, Real Estate Dashboard, Capital Allocation Model, Forward Forecast Model and Bloomberg Dashboard

Deftly explored alternative allocation models for Real Estate; implemented the most appropriate model to ensure simplicity

Led support evaluation activities of CAPEX initiatives including acquisitions; enhanced the current level of Finance support to Central Functions

Essayed a crucial role in operationalizing Real Estate Dashboard; provided management with adequate analysis of vacant properties; also conducted feasibility & provided analytical support in adequately determining the cost of own properties while evaluating rent-out proposals

Skilfully designed a new simplified model for Real Estate Allocations Jan’09-Feb’13: Alghanim Industries, Kuwait – Financial Planning & Analysis as Senior Financial Analyst Role: Took care of financial analysis & valuation functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control. Implemented internal control disciplines throughout the division to maintain integrity and accuracy of financial reports. Monitored timely release of monthly & weekly reports, with insightful analysis and exception reporting. Led moderation for restatements and normalized presentation of business unit’s financials; also maintained reconciliations of restatements.

Instrumental in analyzing & giving early warnings on the Re-forecasts and Budgets; also released Economic Updates to form the basis of reforecast and budgetary planning

Successful in handling the Balance Score Card (BSC) Process; managed the strategic planning sessions, preparing guidelines for Business units in strategy presentations; summarized take-aways to be presented to Executive Council provoking discussions on strategic issues

Pivotal in implementing the KPI database in Hyperion, whilst revamping the entire management reporting in the organization by adding meaningful KPIs for more insightful analysis of business performance

Efficiently & effectively enhanced the formats of the reports and included the ‘comments section’

Steered process improvements measure in reporting cycle (saving one working day)

Generated a Forward Forecasting Model (for current and year ahead) with built in sensitivity analysis; implemented dashboards for the senior management on SAP-Xcelsius Platform

Dexterously created dashboard on Economic Indicators (linked to Bloomberg) where in giving country wise information on growth, inflation, industrial productions, currency rates and so on Mar’08-Dec’09: Alghanim Industries, Kuwait-Engineering Group as Senior Financial Analyst

Role: Designed strategic plan - Annual Business Plan, covering 3 years. Reported & monitored resource usage in line with actual business performance. Also oversaw & reviewed Operational Performance covering weekly sales performance.

Instrumentally analyzed:

o Online item wise sales & margins under distribution channel, agency and division wise o Salesman wise individual performance of actual sales against target and computation of their rewards in line with the incentive plan

o Actual monthly performance vs. budget

Carried out quarterly reviews and presented business performance, thereby identifying strategic steps required in achieving business targets

Efficiently & effectively issued special reports covering divisional, brand wise and agency wise profitability

Championed in developing:

o Portal (excel based) to monitor the daily order intake easily accessible by key personals from their desktops o Financial performance report to view the summarized and detailed results with drill down features up to expense line level - serving as one stop shop for all financial information o Excel model that enabled to forecast WACC income on collections based on different down-payment percentages for different segments and different progress billing rates at milestones

Significantly updated the standard cost model enabling the sales & installation team as well as General Manager to forecast the impact of rising steel prices and falling dollar rates on the gross margins and take action to lessen the adverse impact Commenced career with Alghanim Industries, Kuwait as Accountant, Senior Accountant and Financial Analyst from Jul’92-Feb’08

SCHOLASTICS PORTFOLIO

Bachelors in Commerce in 1992

Burhani College of Commerce & Arts, University of Bombay Technical Purview:

MS Office Suite (Word, Excel & PowerPoint) and Dashboard Tool–Xcelsius

ERP Financial Packages - Hyperion, SAP,FAIMS & PROMAS

Business Object – Data Marts using Business Objects-a Lead Business Intelligence (BI) Tool for Management Reporting & analysis

Bloomberg - Global Provider of 24-hour Financial News and Information including Real-time & Historic Price Data, Financials Data, Trading News and Analyst Coverage

Date of Birth: 14th November, 1969 • Address: Easa Al Qatami Street, Salmiya, Kuwait • Nationality: Indian • Languages Known: English, Hindi and Arabic

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