Ahmad Salman

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

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