Musharaf Ali

Phone (CAD): +1-647-***-****, add4st@r.postjobfree.com

Executive Summary:

A senior finance executive with more than 28 years of experience in diverse industries and cultures, with exceptional track record in formulating business and finance strategies, building effective decision support systems as per dynamic business needs, and enabling business to grow and improve profitability. Demonstrated strengths in both strategic vision and hands on approach, recognized as a credible leader, change agent, and inspiring mentor.

Areas of expertise include but not limited to:

Strategies Development

Business Valuation

Financial Planning & Budgeting

Mergers & Acquisitions

ERP Implementation

Financial Modeling

Enterprise Risk Management

Corporate Finance

Strategic Achievements in U.A.E

Pool out all investments of Private equity, Venture Capital and Equity market on group level and established investment company with a 400 million AED portfolio to diversify the corporate risk. Reorganized by adding and deleting some investments to make strong composite with low correlation with existing business. Utilized all investment as collateral to finance the profitable projects for group.

Generated AED 25 Million of net profit in one shot by selling major equity stock before the crash started in 2009 and bought back within a month.

Established Security Company and employed more than 1000 security guards to generate AED 40 Million annual revenue. Assigned all revenues as collateral to finance the working capital for group.

Played a major role in divestiture and sold 3 subsidiaries with capital gain and utilized cash to finance more profitable projects and restructured existing loan at more favorable rates.

Managed Joint Ventures with major Royal Families and key stakeholders, developed few projects with 80% ROI at the time of recession.

Initiated and won the case against well-known developer and purchased the properties at reduced price, increase profit around AED 30 Million.

Restructured the financing arrangement and established partnership with banks to develop some projects at win –win strategies and saved company’s equity.

Arranged AED 100 million financing from international bank by getting involved local bank to create sort of syndicated loan structure only by assigning revenue for the expansion of schools.

Established well balanced centralized treasury system on group level to reduce the chance of default in big payments.

Selected and implemented Navision ERP on group level and integrated with CRM.

Harmonized, re-engineered and improved the logistics and production processes.

Strategy Development Experiences U.A.E

Developed with chairman and M.D the corporate strategy on group level by entering in Merger & Acquisition, Joint Venture and Divestments, increased the portfolio of investment and revenue 5 times in 8 years.

Developed business strategies with team and entered into joint venture with key stakeholders and developed 5 projects locally and 3 in France, bought 240 Residential & commercial properties and 5 labor camps of 5000 rooms.

Worked with KPMGs, Colliers and legal advisor and acquired 3.5 Million SQFT of leasehold land that had a capacity to build 90 low rise buildings.

Restructured 800 Million AED loan with 4 local banks and improve cash flow reduced 1% saved 800,000 yearly.

Worked with E & Y and prepared feasibility reports in opening 200 (Mini Coop) supermarkets chain in U.A.E, with well- known petroleum company.

Worked with senior management in redesigning the distribution and logistics operation, submitted reports to management to reduce the cost 500,000 AED yearly by centralizing the distribution center and further reduce 200,000 AED yearly in closing the repair & maintenance department.

Worked with senior management and submitted proposal to close all 20 restaurants and concentrate on main line of business, and played important role in closing operation.

Business & Finance Experiences:

Lead teams of finance, audit and IT professionals across multi-facilities ensuring continuously delivery of results in time, with accuracy and quality.

As a Business Leadership Team member, contributed in formulation of business strategies and long term plans.

Championed the planning and budgeting exercises with GM’s of all sites.

Review monthly financials and variances of subsidiaries results and recommend ways of improvement.

Present updates and consolidated financial results and forecasts to group management on monthly basis and to board of directors on quarterly basis.

Manage project team including architect’s engineers, workplace consultants and construction managers.

Participate in or oversee the pre-qualification and bid evaluation process for consultants, contractors, and other outside vendors and selects vendors.

Managing all group insurance policies including employees medical/death, workman compensation plan, shopping center and all ready and under construction property.

Interacts with governmental branches and regulatory agencies as required to ensure that projects comply with all applicable legal requirements and regulations.

Member of the team for M&A, JV’s and other business growth initiatives, locally and internationally.

Manage Finance Shared Services Center for repetitive tasks to ensure learning curve growth with defined KPI’s and customer’s service feedback.

Develop department teams through guidance, support, and mentoring to ensure quality, succession planning and performance management.

Treasury & Investments Experiences:

Managed cash management function, including strategy, international and local bank relationship, cash forecasting and bank account funding structure for all business units.

Develop and maintain robust and accurate working capital and cash forecasting tools to meet requirements. Ability to explain actual results and any variances to forecasted information.

Evaluate Fund performance in private equity and venture capital’s portfolio quarterly and company valuation with due diligence for existing and new investments.

Worked closely with Investcorp for upcoming investments and present to board the new opportunities and analysis while pitching proposed course of action.

Evaluate alternative long-term borrowing strategies and make recommendations in accordance with the capital structure guidelines.

Business Risk Management Experience:

Designing and implementing an overall risk management process for the organization, which includes an analysis of the financial impact on the company when risks occur

Performing a risk assessment: Analyzing current risks and identifying potential risks that are affecting the company

Performing a risk evaluation: Evaluating the company’s previous handling of risks, and comparing potential risks with criteria set out by the company such as costs and legal requirements

Preparing risk management and insurance budgets

Risk reporting tailored to the relevant audience. (Educating the board of directors about the most significant risks to the business; ensuring business heads understand the risks that might affect their departments; ensuring individuals understand their own accountability for individual risks)

Implementing health and safety measures, and purchasing insurance

Building risk awareness amongst staff by providing support and training within the company

Information Technology (IT) Experience:

Built the team of IT department consisted of IT Managers, application specialists, developers and system administrators. Aligned with Group IT and standardized as per their standards.

Approves, prioritizes, and oversees the selection, acquisition, development, and installation of major information systems.

Keep up with trends and best practices in the IT industry, including current technologies. Advises, counsels, and educates senior management on their competitive or financial impact.

Implement IT projects including disaster recovery, backups with advanced technologies at all sites of the group. Design and built the company’s data center using the latest technologies.

Selling the idea of IT Shared Services and manage it successfully with minimum down time.

Reduce hardware CAPEX through the adoption of Virtualization and Private Cloud.

Developed teams through trainings, guidance and succession planning.

Work History:

Al Ghurair Group

2010 - 2020

CFO ( joined as Financial Controller and became Group CFO of Al Manal ). Al Ghurair group mainly engaged in real estate development and management, shopping center, construction, schools, Trading, security and investment ( Local & International).

Dubai Co-Operative Society, Dubai

2000 –2010

Finance Manager

The company is part of Lootah group and mainly engaged in production of meat processing and trading.

Lacnor Dairies LLC, Sharjah

1998 – 2000

Financial Analyst

Company is engaged in production of juices and dairies products having more that 200 products line.

Crescent Steel LLC,Pakistan

1993 - 1998

Accounts Manager

The company was engaged in production of steel pipes, used in supply of gas.

Education:

CPA from Canada

CIMA from U.K

CGMA from USA

CMA from Pakistan

CFA Level II

Honors, Trainings, Skills:

Trained in M&A from and Business Valuation in USA

Performance improvement in USA

Stocks & Bond valuation in Canada

Market & Business Risk Management in Canada

Balance Scorecard implementation in USA

Oracle Financial ERP user

Engaged in coaching in CPA and CIMA

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