Rami Albess CMA, CFM, MBA candidate

Healthcare Manufacturing Education Sports Hospitality NGO's

Mobile: +962-*-****-**** / +971-**-***-**** E-mail: advaxt@r.postjobfree.com

EXECUTIVE SUMMARY

A Finance Director with 20+ years of insightful experience and skills at Strategic planning Budgeting Resource mobilization Income generation Cost reduction General Assembly Rules of Procedure Board reporting Change management Governance Crisis management Due diligence KPI’s IFRS VAT. Recognized as a team player with leadership skills, able to generate new ideas, analyze and resolve challenges & realize organizational goals. Exceptional analytical skills, with the ability to examine and understand business needs and deliver comprehensive reports for external groups while exceeding stringent expectations.

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EXPERIENCE…I

Director of Finance

Qatar Foundation

Reporting to: CEO, Audit Committee & Board of Trustee

Jan 2020 – July 2022

Accomplishments & Achievements:

I have directly impacted the financial bottom line of the company, since I'm in a numbers-focused role, through:

Successfully designed the finance structure for magnitude Projects, "Off-Balance Sheet", and managing the project's cash flow re-payment.

Successfully mobilized up to $14.5M of grantors funds to finance a development project.

Successfully consolidated disparate financial reporting systems, and developed internal governance structure and processes, including SOPs for budgeting, financial reporting and accounting.

Successfully launched cost reduction strategy and investment plan during the recession in 2020, resulting in cost savings of $ 1.7M over 2 years.

Slashed administration costs 30% by negotiating pricing and fees, while ensuring the continuation and enhancements of services, resulting in cost savings of $320K /Year.

Directed due diligence to reduce exposure to risk, leading comprehensive analysis to determine optimal uses.

Designed and rolled out new accounting procedures, cutting down close cycle timeline by 10 days / month.

Worked closely with cross-functional teams to reverse a downward trend in past-due account collections with better automated outreach. Improve accounts collections by 27%.

Consolidated departmental responsibilities and streamlined accounting system, reducing staff 20%, saving $75K

Implemented internal control procedures which identified $100k /Year cost savings and revenue opportunities

Negotiated with insurance company and generated competitive bids to reduce insurance cost $20K /Year.

Restructured treasury and banking operations, improving working capital management.

By establishing and maintaining a strong working relationship with the bank, converted $1.5M line of credit to $1M TR (180 Days Grace Period), and $500K line of credit.

Successfully secured a $2M line of credit. Resulting free cash flows to use in revenue generation.

Responsibilities:

Responsible for the current and future financial well-being of the organization.

Develop fundraising strategy and manage relationships with grantors, donor and partners.

Drive Ethics Management and support Corporate Governance within both internal & external stakeholders.

Developing the financial policies and procedures, rules, and regulations.

Actively participate in developing and refining the company’s strategy and business plans.

Controlling the flow of cash and disbursements to meet business and investment needs.

Driving the financial planning and related ongoing advice for the CEO and executive management.

Directed the implementation of the ERP, reporting system and KPI’s.

Presenting general assembly financial reports, providing guidance and recommendations to stakeholders.

EXPERIENCE… II

Director of Finance

Oman Football Association, Oman

Jan 2014 - Dec 2019

Reporting to: CEO, Audit Committee & Board of Directors

Accomplishments & Achievements:

Successfully designed the finance structure for magnitude Projects, "Off-Balance Sheet", and managing the project's cash flow re-payment.

Successfully mobilized $17M of FIFA funds to finance a development project in Oman, resulting in cost savings of $ 11.7 million over 4 years. (Aspire Business Center).

Successfully secured a $6.5M line of credit. Resulting free cash flows to use in revenue generation.

Successfully re-structured of 14 regional subsidiaries, resulting in cost savings of $7.5M over 5 years.

Resolved old claims and cases issues in several regional subsidiaries, through directed negotiations and implemented of settlement plans with the 2nd parties, leading to savings of $ 2.1 to 2.8 million.

Successfully launched cost reduction strategy and investment plan.

Slashed administration costs 15% by negotiating pricing and fees, while ensuring the continuation and enhancements of services, resulting in cost savings of $750K /Year.

Established joint ventures (JV’s) with partners, and supply agreements with major vendors, by implementing "Cost Reduction Approach".

Awarded by OFA “The Best Improved Function” in 2018 for astute execution of financial strategies.

Awarded by FIFA "The Best Financial Practices" in 2015 for supporting the governance and transparency in presentation of the Financial Statements, which helped the stakeholder in their designs.

Responsibilities:

Designing the financial policies and procedures rules and regulations, and budget manual.

Actively participate in developing and refining the association’s strategies and business plans.

Develop & consolidate the group budget, and ensure monitoring of financial performance vs budget

Controlling the flow of cash and disbursements to meet the business and investment needs.

Establishing board-level reports that are sound and comply with best practices.

Directed the implementation of the ERP, reporting system and KPI’s for 14 regional subsidiaries.

Oversee and assist in tax filings and compliance documentation

EXPERIENCE… III

Director of Finance

Nirvana Group, UAE

Jan 2010 - Dec 2013

Responsibilities:

Managing the financial resources of the group and conduct resource planning for future needs.

Designing the group's financial policies and procedures.

Prepare short and long-term financial forecasts and analysis reports to the stakeholders.

Ensuring the integrity of the financial system, safeguard the assets, and the completeness.

Liaison with Banks for facilities and compliance with the bank procedures for maintaining the credit limits.

EXPERIENCE… IV

Director of Finance

Al-Ain Sports Club, UAE

Feb 2008 - Jan 2010

Responsibilities:

Preparing, monitoring and controlling the annual Budget of the club.

Enhancing and developing the finance policies and procedures manual.

Preparing, monitoring and controlling the flow of cash.

EDUCATION

PERSONAL DETAILS

Applied Science University, Amman, Jordan

Bachelor Degree in Finance & Accounting, 1998

Date of Birth: 14th Oct 76

Marital Status: Married

Nationality: Jordanian

QUALIFICATIONS

Certified Management Accountant (CMA)

Certified Financial Manager (CFM)

International Association of Bookkeepers - UK

Institute of Financial & Management Studies – USA

LinkedIn Profile: https://www.linkedin.com/in/rami-albess-cma-cfm-mba-candidate-39118125/

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