Management Manager

Musharaf Ali

Email: ************@*****.*** Mob: +1-647-***-****

**** *** ** *.* Canada

Executive Synopsis

Dynamic & team spirited senior Finance & Accounting Professional with proven track record in

•

managing finance & accounting operations across various industry verticals, including Real Estate,

property development Construction, FMCG, Engineering and Investment sectors.

Expertise in devising operating policies & procedures and contributing towards improved financial

•

performance, heightened productivity and enhanced internal controls.

Good with strategies and business numbers (Financial Management) with ability to liaise and relate to

•

people across all hierarchical levels, coordinate with auditors, suppliers & customers

Accurate, precise and highly ethical in all work related assignments with outstanding personnel

•

leadership and decision making skills, inspiring team to deliver time bound results.

Areas of Expertise…

Accounting & Financial Management

•

Budgeting & Forecasting

•

Strategic Planning

•

Feasibilities and Appraisals

•

Treasury Management

•

Products Costing

•

Investment Operations

•

Banking Operations

•

Equity & Stock Market

•

Project Management

•

Risk Analysis & management

•

ERP Implementation

•

Professional Experience

AkkTax Global Services

Surrey B.C

Bookkeeper Supervisor

• Purchase supplies and equipment as authorized by management

• Monitor office supply levels and reorder as necessary

• Tag and monitor Fixed Assets

• Pay supplier invoices in a timely manner

• Take all reasonable discounts on supplier invoices

• Pay any debt as it comes due for payment

• Monitor debt levels and compliance with debt covenants

• Issue invoices to customers

• Collect sales taxes from customers and remit them to the government

• Ensure that receivable are collected promptly

• Record cash receipts and make bank deposits

• Conduct a monthly reconciliation of every bank account and credit cards

• Calculate and issue financial analysis of the financial statements

• Maintain the annual budget

• Calculate variances from the budget and report significant issues to management

• Comply with local, state, and federal government reporting requirements

• Process payroll in a timely manner

• Conduct periodic reconciliations of all accounts to ensure their accuracy

• Maintain the petty cash fund

• Issue Financial Statement

G.M Finance Al Manal Group (May 2005 – Sep 2014) U.A.E

Company Profile: Al Manal Group, part of (Al Ghurair ) is a diversified group involved in, property

Development/Management, Shopping Center, Construction, and Local and international investment in

stocks, equity and venture capital.

Highlights Achievement:

Selling of Al Manal shopping centre worth of 70 Million Dollar.

•

Launching projects in market in different time worth of 1 Billion Dollar.

•

Participate in Deciding in commercial or residential projects in different location.

•

Convert commercial building into residential and increased revenue 10 million dollar.

•

Sold company's investment in 2009 and buy back, achieved 15 million dollar profit.

•

Sold labor accommodation before crises started and avoid loss of 11 million dollar.

•

Deciding whether to finance the projects or utilize equity and customer money.

•

Restructure Loan of 150 Million Dollar.

•

Arranged 100% financing from banks for customer for residential projects 150 million

•

dollars.

2009 when crises came, negotiated with contractors to reduce price and save 7 million

•

dollar.

Feasibility study in buying ready properties to find out payback period and real rate of

•

return.

Established,(AlManal Security and Al Manal Investment) worth of 100 Million Dollar.

•

Implemented Navision ( ERP) software for 3 companies including accounts, sales and

•

purchase modules worth of 100,000 Dollar.

Implemented CRM(customer relationship management system) and integrated with

•

Navision

Make Financial feasibility to invest in venture capital or private equity.

•

Key Responsibilities As Head Of Accounts & Finance :

• Directed and controlled all financial operations of group. Implemented the sound financial and control

system through integrated ERP information system to safe guard the financial interest and integrity of

the company.

• Developed the company’s financial strategy to maximize the shareholder values, implemented system to

control and monitor expenditures and gave presentations to top executives on associated risks.

• Involved in filling of all financial reporting documents required by governance and regulatory

authorities and was responsible for statutory and legal compliance of the financial system and

reporting.

• Managed cash management function, including strategy, international and local bank relationship,

cash/debt balances, cash forecasting and bank account funding structure for all business units.

• Responsible for payroll, Accounts Receivable and Accounts Payable.

• Handled monthly, quarterly and year end financial statement of individual company and consolidated

for group, consistent with IFRS, pursuant to the corporation’s policies, practices and procedures to

corporate office, board of directors and shareholders.

• Developed value creating capital structure, negotiated and executed all major financial transaction,

including short and long term and short term financing and leasing.

• Served as an advisor from the financial perspective on any contracts into which the group may enter.

• Provide support and management to M&A related projects and ensure appropriate controls and

governance exist

• Engaged in for real estate and real estate related activities within the full range, including the

acquisition, development of property and property rights, land and facilities leasing, facilitating

collection of rent receivables, property management and other real estate related matters.

• Control capital assets accounting for lease transaction, building repair and construction of new projects

• Negotiate Contract and agreement terms, reviews property surveys, legal descriptions, engineering

drawings, applications for facilities attachments, appraisals, other legal documents and environmental

reports, and represents the Company in legal matters with in house and /or outside.

• Investigate complaints, disturbances and violation and resolve problems following management rules

and regulation.

• Prepare annual property budgets, monthly financial, re forecasts, achievements of budgeted properly

management fees.

• Coordinate capital budgeting and obtain bid from vendors and contractors for property services and

constructions.

• Supervise and coordinate meetings with internal staff to review all aspects of the property accounting,

operations, construction and leasing. And assist leasing staff as needed.

• Supervise in selection of site for retail property. Assist in execution of purchase agreement and interface

with construction and surplus property.

• Host weekly conference calls with project managers, transaction managers and others to obtain updates

on projects.

• Assist Retail Lease Manager in other areas as necessary.

• Handle management control system consist of the formal, information based and procedure driven

element of control plus the informal elements of control based on social relationship.

Key Responsibilities as Head Of Investment

:

Managed, evaluated and monitored investment portfolio of around 250 Million Dirham (includes 150

•

Million local investments and 100 Million international investments).

Involved in the daily analysis of investment activities, risk analysis and market analysis.

•

Coordinated with local and international brokerage houses..

•

Evaluate alternative long term investment strategies and make recommendations in accordance with the

•

capital structure guidelines.

Ensured to maintain a well defined hedging policy for the investment portfolio.

•

Analyzing financial information relating to specific companies, e.g. company results, profit and loss,

•

balance sheet and cash flow statements to determine how an organization is positioned to deliver for

investors;

Keeping up to date with market developments, new investment products and all other areas that can

•

affect the markets, e.g. movements in the economies of relevant countries.

Evaluate alternative long term borrowing strategies and make recommendations in accordance with the

•

capital structure guidelines.

To provide insight and analysis on market, competitor environments, M&A and other investment

•

opportunities.

Previous Experience

Dubai Cooperative Society, Dubai

•

Financial Analyst (2001 – 2005)

Lacnor Daries LLC, Sharjah

•

Cost Accountant (1998 – 2001)

Crescent Steel, Karachi

•

Assistant Manager – Costing & Budgeting (1995 – 1998)

Hashoo Steel Limited, Karachi Pakistan

•

Chief Accountant (Sep 1993 – Mar 1995)

Credentials

Education:

• CIMA (Management Accounting), 2 papers left

• Associate Cost & Management Accountant Of Pakistan, 1994

• CMA/CPA Canada 1 paper left

• Bachelor of Commerce,1989

Computer Skills:

• ERP Software worked on Oracle Release 11i (Financials, INV, PUR, OM, etc.).

• Oracle Financial,Navision

• Frequent user of MS Office XP (Excel, Word and Power Point) and Lotus Notes

Contact this candidate