Mahmood Ahmad - ACCA |CPA |CMA

Chief Financial Officer / Controller

Email: [email protected] Joining: Immediately
Cell: 055-7626347 WhatsApp 055-9212471 Current Location: Dubai, UAE
SNAPSHOT QUALIFICATION
Profile Summary:
 ACCA, CMA and CPA and Qualified Finance Leader  ACCA
with 19 Years of International work experience Association of Chartered Certified Accountants (ACCA).
including 14 Years in UAE within the domains of
Financial Planning, IFRS Reporting, Strategic and  Certified Public Accountant – CPA
innovation Management and Business Process The Institute of Certified Public Accountants (Pakistan).
Transformation which address today’s business
challenges and needs.  Certified Management Accountant – CMA
 Successful track record of leading multiple high The Institute of Cost & Management Accountants
profile projects that resulted in significant cost (India),
reduction, business growth, shareholder’s wealth
maximization and process optimization.  Certified Supply Chain Analyst – CSCA
International Supply Chain Education Alliance (ISCEA).
 Extensive experience of managing the requirements
of internal stake holder’s (Senior Management,  Master in Computer Science
Board of Directors & Audit Committee) as well as Al Khair University, Pakistan.
external stakeholders (Banks, Auditors, Regulators
etc.)
 Bachelor of Commerce
 Possess a unique blend of Finance, Supply Chain & Punjab University (Hailey College of Commerce)
IT related qualifications (including Odoo ERP i.e Pakistan.
BMS) which have enabled me to provide value
added services to the business including assistance
in ERP implementation and Supply Chain
Optimization programs
CORE COMPETENCIES
WORK EXPERIENCE ̶ Excellent Communication & Presentation skill
̶ Leadership and Team work
 Chief Financial Officer 04/20 to To-date
Sunny Tech Solutions LLC ̶ Staff development and Motivation
̶ Time management & Detailed Oriented
 Group Dty. Head of Finance 07/10 to 09/19 ̶ Excellent Decision Making Skills
Al Barakah Investment Holding, Abu Dhabi, UAE
̶ Excellent Analytical & Problem solving Skills
 Financial Controller 12/08 to 06/10
Milton Hotel Apartment, Dubai UAE OPERATIONAL SKILLS
 Assistant Financial Controller 07/07 to 11/08 Cash Flow Management | Business Planning | Business
City Tower Group of Hotels, Sharjah UAE Process Improvement | Group Consolidation |
 Credit Manager 04/06 to 07/07 Budgeting and Feasibility | Corporate Finance |
Al Khaleej Group of Hotels, Dubai UAE Standard Costing and Cost Control | Risk Policy
Assessment and Risk Management | ERP
 Accounts Manager 03/03 to 03/06
The Residency Hotel, Lahore, Pakistan Implementation Expert | Financial Modeling | Auditors
Relations Management | SOPs Re-Engineering | Supply
Chain Optimization | IFRS Reporting | Financial
IT SKILLS
Planning and Analysis (FP&A) | FMCG Experience |
Oracle and Oracle Hyperion | Tally, Peachtree Procurement and HR Policy Re-engineering | Hotel Pre-
Accounting software | Fidelio Opera | Expert Level of Opening | Forecasting and Internal Controls | GAAP, US
Odoo ERP and MS Office Trainer| SAP-REFX, SAP CO, GAAP | Treasury and Bank Relations | Cash Flow
SAP BW | Micros, SUN | Microsoft Power BI planning | Business Strategy and innovation | VAT
(Dashboard Creation and Management Expert Implementation and Compliance Expert
Mahmood Ahmad - ACCA |CPA |CMA
Professional Job Details and Achievements
Chief Financial Officer
Sunny Tech Solution LLC
Business: Online
April 2020 till To-date

Role
̶ Managing a USA Based Company in all aspects i.e, Finance, Administration, Govt Liasson etc .

Group Deputy Head of Finance

Al Barakah Investment Holding – Abu Dhabi UAE Business: Construction, Real Estate, Malls, Labor Camps (Facility
July 2010 till Sept 2019 Management) FMCG (Trading), Health Care, Hospitality Sector,
Industrial Catering, Laundry Services, Tahseel (Visa Services),
Interiors, Security Services and Security Systems with more than
10,000 Employees with turnover of 1.5 Billion+ Dhs
Role
̶ Managing the end-to-end finance activities including periodic reporting to executive management.
̶ Leading Budgets, Forecasts, Treasury Management, Business Feasibilities and cash flows for new projects.
̶ Heading all New Projects of the company and prepare milestone, resource planning and result measurement
̶ Reviewing closely Revenues and expenses streams by comparison with diligence standards, historical data and
incidental data and to propose to BoD for best return on investments.
̶ Implemented Complete ERPs Oracle & Odoo within 16 group companies successfully.
̶ Making sure to safeguard company’s assets by adding controls on assets movements / assets acquiring / usage
̶ Leading negotiations with Banks for borrowing & investment matters.
̶ Analyzing current processes (SOPs) and assisting to remove Non Added Value processes by using Lean Strategy
̶ Assisting CFO and BODs in developing a range analysis which includes Industry analysis, competitive analysis and
comparative valuation and implementing the financial & operational strategies.
̶ Strategically analyzing of cost centers and advise to Management for best practices
̶ Conducting staff appraisals and development activities & trainings (IFRS, Advanced Excel, Leadership Skills)
̶ Attract, lead, and develop FP&A analyst team to achieve high engagement, strong team and individual performance
and depth of talent to meet Company’s growth plans
Key Achievements
̶ Led the team of Finance Process Flow designing project. The activity resulted in internal control enhancement;
identification of non-value added processes and made the company process Lean.
̶ Led a special project directed towards the achievement of paperless environment. The project resulted in reduction
in paper usage & printing by up-to 65% in various domains.
̶ Successfully headed VAT Implementation Project across 16 group companies. The in-house VAT implementation
also resulted in estimated cost saving of US Dollar 200,000/- by eliminating the need to hire an external consultant.
̶ Implemented short term incentives and retention bonuses for high performers, which resulted in increase in employee
retention ratio by up to 25 % over the period of 3 years.
̶ Successfully lead the implementation of multiple cost saving Innovative ideas such as:
̶ AED 48K P.M Food Wastage Handling Cost Savings by implementing ORCA Technology and AED 0.5M savings in
changing disposable packing material and AED 1.25M saving by identifying missing points form contractual
obligations for DIC Housing Fees
̶ AED 150K annual saving in health insurance cost by re-negotiating with service provider i.e staff visits’ history
̶ Estimated annual saving of AED 3 Million by changing product procurement strategy (direct to raw material source)
̶ Led the AED 1000 Million Financial Modelling project for Abu Dhabi Future Iconic Project – Al Qana
̶ Reduced monthly closing cycle by 9 days by identification and recommendation of enhanced closing procedures.
̶ Winner of Employee of the year Award 2018

Financial Controller
Milton Hotel Apartment – Dubai UAE Business: 4 Start Property with 230 Rooms including
Dec 2008 till June 2010 2 F&B outlets

Role
̶ Designed Internal Reporting System required by Chairman and General Manager
̶ Directed financial management functions, development of Financial Statements, Financial forecasts & budgets.
̶ Oversee general accounting functions, including AR/AP, account reconciliation and cash management.
̶ Design and submits management reports in a timely manner and also ensuring delivery deadlines
Mahmood Ahmad - ACCA |CPA |CMA
Professional Job Details and Achievements
̶ Responsible for budget Functions of the company with particular focus on accomplishing targets, managing revenue
and cost, standardizing processes and maintaining company profits
̶ Provide excellent leadership by differentiates top performers, fosters teamwork and encouraging work/life balance
Key Achievements
̶ Led the hotel Pre-Opening process by working directly with the investors and established the business from scratch
including setting the financial & operational strategies and implementation of SOPs.
̶ In charge of ERP system implementation
̶ Designed and implemented computerized warehouse and finance system to ensure process adherence and early
detection of procedural or functional problem and human errors
̶ Revenue generation Ideas given to management which increased annual turnover of 200,000/- AED
̶ KPIs and SLAs system introduced in the hotel which resulted a controlled environment as per Hotel’s policy

Assistant Financial Controller

City Tower Group of Hotels – Sharjah UAE Business: Real Estate and 4 Start Property (3 Properties)
July 2007 till Nov 2008 with 450 Rooms including 3 F&B outlets in each property

Role
̶ Prepared financial reports, developed budgets and performed variance analysis in accordance with business plan.
̶ Compiled periodic financial reporting packages for senior management.
̶ Worked closely with internal audits to ensure regulatory compliance and operational efficiency/accuracy.
̶ Provide forecasting and budgeting proposals within the hotel, in consultation with the Group Director of Finance.
̶ Responsible to ensure the achievement of all financial targets within the hotel, in consultation with the GDF.
̶ Ensuring all financial regulations are met, through the maintenance of adequate systems of internal control

Credit Manager
Al Khaleej Group of Hotels – Dubai UAE Business: Real Estate & 4 Start Property (3 Properties)
Apr 2006 till July 2007 with 350 Rooms including 8 F&B outlets in total

Role
̶ Maintained healthy relations with Front office for daily collection of folios and resolving disputes of wrong invoices
̶ Managed to resolve all client queries within 1 day with coordination of Front Office Manager and Income Auditor
̶ Responsible for maintaining the debtor’s ledger with regular review of the aged accounts
̶ Monitor the AR ledger on daily basis and coordinate with PMS Vendor for fixing any discrepancy
̶ Responsible for Complete Company’s Outstanding and follow-ups
̶ Review Guest Ledger Balance report and report discrepancies, ensuring check-in / check-out process are followed.
̶ Responsible to approve Credit facility of new clients by following standard procedure of Trade References, Owner’s
Guarantee, apply credit limits and using (PD, LGD ratio) and monitoring Credit Limits etc
Key Achievements
̶ Successfully reduced aging from 1.6 Million AED to 0.5 Million AED within 6 months by timely follow-ups with clients
and resolving pending invoice related issues and SOA reconciliations.
̶ Successfully maintained the average of outstanding aging below ½ million over the year.
̶ Successfully implemented Credit Policy and Customer rating (Red, Yellow Green Zone) etc

Manager Accounts
The Residency Hotel, Lahore Pakistan Mar 2003 till Mar 2006
̶ Managed team responsible for running accounts department and preparing monthly and quarterly Financial Reports.
 Mahmood Ahmad - ACCA |CPA |CMA
Professional Job Details and Achievements
List of Projects: Prepared for Feasibilities, Costing and Financial Model

S.
Name of Project Value (Dhs) Type Remarks
No.
1 Razeem Project 1,760,000,000 Labour Camp 25K Bed Capacity
2 Workers Village RE 1,046,898,571 Labour Camp Owned by Self - 35K Bed Capacity
3 AL Salam City 748,300,000 Labour Camp 27.5K Bed Capacity
4 Sanad C173 50,000,000 G+M+ 12 Floor Appx. 120 Units
Residential
5 Al Gurm Villa-57 20,000,000
Villa
6 Al Khaliji Al Arab Mousque 5,000,000 Masjid
7 Al Rahba Farm 3,000,000 Farm House
8 Al Qana 3,800,000,000 Biggest Abu Dhabi Iconic Project
9 The Palace Project 120,000,000 Chairman Palace project
10 My Fair Hospital C175 33,820,746 Hospital
11 Marina Villa -83 25,000,000 Residential Villa
Al Shahama Mosque Plot-
12 6,000,000 Masjid
162
Total 7,618,019,317