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Discovery Garden Dubai, UAE

Umer Ishaq

PROFILE

An ambitious, analytical & highly successful Finance Controller with strategic prowess, commercial expertise & an exceptional record setting up finance functions. Adept at budgeting and forecasting techniques, developing processes & controls to optimise financial performance, drive growth and catapult revenue while saving costs and boosting $multimillion profits for blue-chip medical/FMCG firms

CAREER HIGHLIGHTS

Improved operational efficiency of finance systems by 20% ; Implementation of Microsoft power BI Tool to optimize the reporting efficacy, generating multidimensional reports, documenting detailed business activities and streamlining yearly budget comparisons.

Reduced cost by 15%; Led supply chain cost optimization project and provide recommendations to reduce operations cost by 15%.

Contributed to 12% growth trend; by developing strategic recommendations for management regarding long-range planning.

ERP System Implementation; Championed and successfully implemented new MI, budgeting, accounting systems (Oracle Financial/Hyperion/Cerner Patient Accounting system).

COSO Implementation; Successfully rolled out the COSO Model similar to Sarbanes Oxley activities relative to internal controls documentation, testing and segregation of duties

Spearheaded Compliance Initiatives; critically reviewed financial policies, ensuring relevance and subsequently implementing whilst adhering to regulatory requirements and conducting due diligence valuation.

CEO team of the year; Business partnered the CEO, achieved or surpassed all targets and won the coveted CEO team of the year award-2014.

Employee of the year; Awarded as the best employee in 2012 as recognition for streamlining the Finance department processes, Coordinating implementation of ERP and improving the quality of Management reporting.

CAREER NARRATIVE

SEHA Dialysis Services managed by Fresenius Medical Care (FMC). UAE.

SEHA Dialysis Services (SDS), managed by Fresenius Medical Care to provide dialysis services in the Emirate of Abu Dhabi. SDS currently operating 12 clinics in different locations in Abu Dhabi employs c 480 employees with revenue of AED +300m.

Finance Controller Mar 2011-jul 2019

Reporting directly to the CFO responsible for providing effective financial leadership to a finance team having 5 members to enable strategic foresight into the business, governs daily functional issues, supervise audit and budget execution.

Key Tasks & Achievements:

Monthly financial & management reporting in accordance with IFRS, annual statutory reporting, treasury management, Financial KPIs setting and monitoring.

Enhanced Cost Center analysis, budget and reporting processes by Comparing the forecast with actuals and budget and Highlight the major variance along with reasons, develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; developing action plans.

Monitors financial performance by measuring and analysing results; initiating corrective actions.

Oversee the timely and accurate development of budgets, financial reports, and models that will assist the CEO, Board, and other senior managers in making informed program strategy, and investment decisions.

Oversee day-to-day finance and accounting operations including general ledger, accounts payable and receivable, AR Follow ups, billing, fixed assets, credit card expense reporting, payroll Approval, Quarterly B/S reconciliation.

Managing VAT implementation strategies, executing VAT compliance, planning and internal procedures.

Manage cash flow in partnership with senior management; establish finance and administrative systems to support program operations.

Working with the business department heads on new business development in the region by building Financial Models and providing ROI analysis.

Liaison with External auditors to supervise the external audit to make sure that reporting deadlines are met.

Successfully rolled out the COSO Model similar to Sarbanes Oxley activities relative to internal controls documentation, testing and segregation of duties.

Coordinating with Corporate and Analytic teams to close the financials in time.

Championed and successfully implemented new MI, budgeting, accounting and Oracle systems; boosting efficiency.

Drove change & raised standards, controls and materials usage to enhance productivity while reducing costs by 15%

Assist Top management in Pricing Policy and provided reports comparing factors affecting prices and profitability of products based on audit reports and market surveys.

Pepsi Cola.

A leading FMCG engaged in production & Distribution of Beverages both CSD & NON CSD.

Accounting Manager Sep 2007-Dec 2010

Reporting directly to the Finance controller by Managing a team of 3 person Finance operations responsible for Payroll, Account Payable, Accounts Receivable and General Ledger

Key Tasks & Achievements:

Compile and present detailed monthly, quarterly reports for Senior Management perusal and act as the focal point in preparing year-end.

Liaison with the banks for Loans, Leases, L.C’s and all other matters.

Supervision of Accounts Reporting, Payables, Taxation, Budget & Cost Control Sections.

Coordinated the implementation of ERP and Handling day to day issues of ERP-Oracle Financial Modules G.L, A.P, A.R, HRMS, F.A & Inventory

Performing Month end tasks like recording of closing entries, Accruals, provisions, Quantitative Reconciliations & Control Accounts Reconciliations.

Preparation of monthly Management Accounts and performance measurement reports.

Regular Monitoring and controlling of Budgets and necessary actions to control and reduce cost.

Gathering budget proposals from departments and compilation of Master Budget.

Preparing & providing data to Internal Auditors, External Auditors-KPMG & CO, Mecca Cola International Auditors.

Initiation of Special cost control Assignments to meet company objectives.

Costing of new products & Project Feasibilities.

KPMG

Auditor Jan 2005 to June 2007

QUALIFICATIONS, PROFESSIONAL TRAINING & PERSONAL DETAILS

DOB: Jan 1984

Nationality: Pakistani

MBA, University of Manchester (UK)

2018

FCMA, Institute of Cost and Management Accountants of Pakistan

2010

CIMA, Advanced Certificate in Management Accounting (UK).

2013

KEY SKILLS & COMPETENCIES

Top-level finance, accounting & business expertise

Financial Modelling / Financial Reporting

Proven ability to drive organic and M&A growth

Budget, forecasting, cash flow & treasury expertise

Influential leader and committed team-player

IFRS and GAAP

Operations, supply chain & manufacturing expertise

Record of saving $millions

Strategic and business/process analysis prowess

Extensive FMCG/health sector experience

INTERESTS & REFERENCES

Family, Travel, Gym, Photography References Available upon Request

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