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Ahmad Salman

Ahmad Salman

CMA Director
Dubai, دبي

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About Ahmad Salman:

CMA
Director

30 years. Experience 

 

Experience

EXPERIENCE

 

Finance Director | (Sep 2021- Present)

Shades Interiors Group (Designer & Fit out for Government projects)

  • Controlling and monitor projects:
  • Monitor and overview the projects on going and assess the performance and profitability for each.
  • Reporting &Consolidation 
  • Overview consolidation of Monthly Financial Reporting 
  • Feasibility study and Investment appraisal: evaluate the projects, prepare feasibility study for new investment using (IRR, NPV, Payback, ROI), business evaluation and advising accordingly.
  • Ensure the Credit Policy is appropriate, monitor cash flow and liaison with banks for borrowing for projects funding. 
  • Strategic and business planning: prepare and plan for the future business strategy and expansion 
  • Leadership and Guidance: for the team, prepare evaluation of performance periodically, improve and guide
  • Forecasting & Budgeting: 
  • Overview the financial reporting and, overview performance Versus Budgeting & Forecasting.
  • Taxation and Audit: liaise and coordinate with all parties 
  • Cash management and Banking. 

Finance Director | (Aug 2016- Aug 2021)

Ali & Sons Holding – Ali and Sons Contracting & Manufacturing industries 

  • Accounting: 
  • Providing leadership, direction and management of finance and accounting team.
  • Consolidation 
  • Overview consolidation of Monthly Financial Reporting 
  • Project appraisal: evaluate the projects, prepare feasibility study for new investment (IRR, NPV, Payback, ROI), business evaluation and advising accordingly.
  • Ensure the Credit Policy is appropriate, monitor cash flow and liaison with banks for borrowing. 
  • Forecasting: managing the process of financial forecasting and budget and oversees the preparation of financial reporting.
  • Set KPI: for the team, prepare evaluation of performance periodically and improve and guide
  • Risk Management: review risk register for the business and advise accordingly.
  • Procedures and policies: development and compliances  
  • Strategic plan: Advising on long-term business and financial planning
  • Plan during pandemic period. Business continuity plan 
  • ERP implementation and improvement 
  • Cash management and Banking. 

 

 

Finance director| (Jan 2012- Aug 2016)

Al Ghurair Group – REFCO LLC; Dubai, UAE

  • Accounting: Ensure accounts are maintained as per IFRS
  • Reporting: Presentation of Monthly Financial Reporting Package, prepare the consolidated financial statement.
  • Credit Control: Ensure the Credit Policy is appropriate and followed.
  • Hedging: against fluctuation in FX and Metal 
  • Costing: costing the product and calculating the contribution margin.
  • Team Leadership – Manage a team of 4 individuals.
  • Cash Management – Manage cash flow by controlling and monitoring banking and petty cash.
  • Forecasting: Budget preparation and management 
  • Internal Control Policies and Procedures – Ensure Financial Internal Controls are appropriate.
  • ERP Enhancement – Focus on continued improvement and usage of the ERP system to enhance controls.
  • Inventory Control – through monitoring stock in hand & In transit.

 

Finance Controller| (May 2009- Dec 2011)

Holcim, Dubai, UAE

  • Accounting: Oversee finalization of Monthly and Annual Financial Accounts to ensure timely and accurate Reporting.
  •  Reporting: Presentation of Monthly Financial Reporting Package.
  •  Credit Control: Control risk by achievement of days over sales targets and percentage overdue targets.
  • Team Leadership – Manage a team of 8 individuals.
  • Cash Management – Manage cash flow determine low risk usage of additional cash flow.
  • Internal Control Policies and Procedures – Ensure Financial Internal Controls are appropriate, 
  • Costing: costing the product is main activities and calculating the contribution margin

 

Finance Manager: (May 2004- May 2009)

Nakheel- Palm Jumeirah; Dubai, UAE

             Financial Reporting 

  • Review all the financial transactions and reporting 
  • Liaise with external auditor for audited reporting and with FTA for taxation
  • Cash flow 
  • Review (MPR) Monthly Performance Report and other MIS Reports on Operational Areas.
  • Review the Cash Flow on Hyperion 
  • Review Project Summary Report with different department and discuss it with MD.
  • Project appraisal: evaluate the projects, prepare feasibility study for new investment (IRR, NPV, Payback, ROI), business evaluation and advising accordingly.
  • Budgeting and forecasting 
  • Preparing the annual Budget for the coming 3 years with coordination of all line managers of all departments. 
  • Team Leadership – Manage a team of 9 individuals 
  • Other Roles
  • Liaison with Government auditor, DW auditors and external auditors
  • Liaison with Other Nakheel BU and Dubai World related parties.

 

Account Manager| (1999- 2004) 

Al HODAITHY International, KSA/UAE

  • Accounting: review all the financial transactions and prepare financial statement accordingly.
  • Reporting: Preparation of Monthly Financial Statements 
  • Costing: costing the product and prepare pricing for each item.
  • LC: All necessary dealing with banks including Letter of credit issues
  • Stock: Monitoring Shipments and Annual Inventory
  • AR &AP, Bank reconciliation, and other sub ledger monitoring. 

 

Senior Accountant | (1994-1999)

ALPHA Travel & Tourism Trans., Amman, Jordan

International Standard & Computer Literacy

  • Understanding of all international standards including IAS, IFRS and IPSAS
  • Operating Systems – Windows 
  • Others – Company Customized Software developed on FoxBASE , MS Office  
  • Great plains under windows & online portfolio management system oracles PMS )
  • Oracle Hyperion financial management and Projects management Software. Using it for 9 years with Nakheel, Refco and was part of team for enhancing the ERP 
  • Sage 50 version – was used in Holcim, Tally Software.

Education

EDUCATION

Master of Business Administration – MBA - 2011

USA Atlanta University

Atlanta, USA

 

Master of Commerce - 1993

University of Poona

Maharashtra, India

 

Bachelor of Commerce - 1991

MAYSORE University

Karnataka, India

 

Additional Courses

  • IFRS and Cement Manufacturing Process
  • Budgeting & Forecasting
  • Consolidation of financial Statement and IFRS
  • Communication Course
  • ACPA (Arab Society of Certified Accountants) ASCA
  • CMA (Certified Management Accountant) IMA
  • CFC (Certified Finance Consultant) IFIS

 

 

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