- IFS
Niroze Nizamdeen
Head Of Finance /Finance Manager
Riyadh
Summary
Highly collaborative Finance leader with strong skills in statistical analysis and performance. Poised and sharp with skill to translate financial metrics into actionable details. Exceptional performance outlining strategic financial directions for business growth.
Overview
19
19
years of professional experience
10
10
years of post-secondary education
Work History
Head of Finance - KSA
Cars24Arabia Automotive Company
08.2021 - Current
- Rendering advises to expatriate management in formulating compliance structures with regards to finance regulatory affairs and statutory requirements in KSA as part of startup operation.
- Managing 15 member local and overseas shared resources with optimized finance structure in order to support business requirements at minimum cost
- Play an integral part in the short, medium and long-range planning by understanding overall organization goals, distilling them for relevant functions and driving high quality inputs to create a robust bottom-up financial & operating plan
- Monthly P&L reviews, presentation of board meeting decks, business plans, and monthly MIS along with business heads capturing high quality analysis (of financial & business metrics)
- Keep business teams on course for delivering outcomes identified during update meetings by setting up relevant review cadences, milestones for key projects and partner in delivering same.
- Identify profitability improvement opportunities.
- Take end-to-end responsibility for delivery of margin & cost projects and program manage them to operational excellence
- Sensitize organization with financial reporting structure, budget and targets
- Detailed analysis of business spending and identifying areas for cost optimization and improvement.
- Handled international capital infusions, intercompany debt conversions and build relationships with local debt providers to borrow locally and maintain compliances.
- Manage overall Finance Operations and Local Controllership, ensuring timely payments, timely month end closure, clean audits etc.
- Drive strategic alliances, commercial savings, P2P process implementation / customization and responsible for maintaining local vendor relationships and lead contractual negotiations along with business.
- Manage all financial compliance, banking operations, ensures 100% compliance with local laws, secretarial compliance, contract management and manage company litigations etc.
- Develop financial and tax strategies, Manage capital infusion/ request and budget process
- Monitor all open legal issues involving company, and legal issues affecting the industry
- Construct and monitor reliable control systems, maintain appropriate insurance coverage.
Senior Specialist Manager/Principal
Etihad Etisalat Company (Mobily)
Riyadh
09.2009 - 08.2021
- Lead the important vertical of finance function managing the business planning, budgetary control, procedures & policies, logistics, MIS reporting and compliance requirements for the firm having more than 3000 (number) employees and an annual turnover of more than SR 12 Billion / US$ 3.2Billion
- Provided financial recommendation to the management on proposals relating to new ventures, new product introduction, commercial partnership, and joint venture arrangements
- Developed and maintain pricing guidelines for corporate segment and supported the commercial unit to obtained management approval for various pricing proposals
- Managed, preparation of monthly, quarterly, and year-to-date (YTD) management reports.
- Provided and presented, technology, product, regional and segmented profitability to the management giving a detail view of the performance of the organization on a monthly basis.
- Developed strategic plan of the company in alignment with strategies, objective and goals of the company and establish effective financial & budget control.
- Development of annual operating plan/budget in alignment with company’s strategic plan and objectives
- Monitored performance of the organization through, monthly, quarterly yearly management reports consisting of financial results compared with budget forecast and tailor made KPI and statistics suiting the industry.
- Sensitized the organization with financial reporting structure, budget and targets
- Improved productivity of the organization through cost optimization initiative.
- Implemented strong internal control system to minimize, irregularities & protect assets and resources of the company.
- Support companies’ development plans by making sure sufficient funds are available to meet the required investments.
- Steering all month-end closing activities and financial reporting inclusive of extensive operating guidelines.
Manager/Assistant Manager -Finance
Bharti Airtel, Lanka (Pvt.)
Ltd
Colombo
07.2007 - 09.2009
- Rendered advise to the expatriate management in formulating the compliance structures with regards to the finance regulatory affairs and statutory requirements in Sri Lanka
- Spear headed in starting Finance Department and recruiting and developing staff.
- Implemented oracle financial system for 100-user environment.
- Established online banking system enabling efficient collection and payment processing.
- Negotiated for optimum premium charges for comprehensive insurance coverage.
- Achieved 90% forecasting accuracy during first year of operation.
- Attained 100%-time compliance for all head office reporting.
- Identified and suggested areas to optimize in Network ,Sales and Distribution cost.
- Customized financial and business reporting modules suiting local business environment
- Introduced monitoring system for capital productivity
Accountant
Sunpower Construction (Pvt) Ltd
Colombo, Riyadh
11.2006 - 03.2007
- Gathered financial information, prepared documents and closed books.
- Created budgets and forecasts for management group to meet regular accounting deadlines.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Supported monthly reporting analysis to achieve validation of internal reports and to reconcile production operations and general ledger.
- Set up and improved accounting systems and processes to meet business needs and maximize operational success.
- Leveraged finance knowledge to strengthen controls and improve transparency.
- Evaluated and improved financial records to make important business decisions.
- Reviewed accounting structures and procedures on regular basis to identify areas in need of improvement.
- Handled day-to-day accounting processes to drive financial accuracy.
Application Consultant
IFS R&D, International (Pvt.)Ltd,
Colombo
11.2004 - 11.2006
- Oversaw implementation of new programs for user training and support.
- Assessed clients' current software capabilities and business needs to identify any deficiencies.
- Resolved system test and validation problems to provide normal program functioning.
- Participated in design and planning exercises for future software rollouts.
- Provided software recommendations to assist clients in meeting business objectives.
- Communicated with clients on consistent basis to achieve requirements.
- Participated with clients in discussion meetings.
Assistant Accountant
Sunpower Construction (Pvt) Ltd
Colombo
11.2002 - 03.2004
- Set up and improved accounting systems and processes to meet business needs and maximize operational success.
- Reconciled company accounts for credit cards, employee expenses and commissions.
- Monitored status of accounts receivable and payable to facilitate prompt processing.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Compiled general ledger entries on short schedule with 100% accuracy.
- Leveraged finance knowledge to strengthen controls and improve transparency.
- Evaluated and improved financial records to make important business decisions.
- Processed payroll by validating work hours and attendance of employees.
- Analyzed and verified employee expense reports for accuracy.
- Maintained accurate and complete documentation to facilitate accounting and filing functions.
Education
Fellow Member - Accounting And Finance
Institute of Chartered Accountants of Sri Lanka
Colombo , Sri Lanka 01.1996 - 04.2001
MBA - Business Management And Finance
Post Graduate Institute of Management
Colombo ,Sri Lanka 01.2006 - 08.2008
Associate Member - Management Accounting
Certified Management Accountants of Sri Lanka
Colombo ,Sri Lanka 01.2020 - 04.2022
Skills
- Finance Leadership
Accomplishments
· Assisted business segment to win commercial and bid proposals through financial/commercial recommendations
· Recommended management to consider discontinuation of non-performing products through product and service profitability analysis
· Supported business segment to win approximately USD 100M government projects through business case analysis and financial recommendations
· Achieved saving of over USD 8M through asset monetization initiatives
· Attained, approximately USD 10M savings through revising pricing Mechanism of fiber related products
· Initiated cost optimization strategies and achieved over USD 20M savings in 2017 & 2018
· Proposed cost optimization initiative that will contribute to USD 30M savings in operation cost in 2020.
· Automated budget-controlling process enabling real time fund availability check
· Introduced fully-fledged cost center level budgeting and forecasting model
· Accomplished bottom line target set by BOD in 5 years through effective financial controlling mechanism
· Provided financial insight into many business proposals and achieved expected results
· Contributed to improve gross margins of B-to-B sales through effective margin based pricing & commercial terms
· Revolutionized contract review process through initiating finance risk assessment function
· Developed and implemented optimum capital structure -framework, which helped the company to minimize its weighted average cost of capital.
Software
- SAP
- Oracle
- Tableau
- Think Cell
- Oracle BI
- SAAS Costing
Timeline
Head of Finance - KSA
Cars24Arabia Automotive Company
08.2021 - Current
Associate Member - Management Accounting
Certified Management Accountants of Sri Lanka
01.2020 - 04.2022
Senior Specialist Manager/Principal
Etihad Etisalat Company (Mobily)
09.2009 - 08.2021
Manager/Assistant Manager -Finance
Bharti Airtel, Lanka (Pvt.)
Ltd
07.2007 - 09.2009
Accountant
Sunpower Construction (Pvt) Ltd
11.2006 - 03.2007
MBA - Business Management And Finance
Post Graduate Institute of Management
01.2006 - 08.2008
Application Consultant
IFS R&D, International (Pvt.)Ltd,
11.2004 - 11.2006
Assistant Accountant
Sunpower Construction (Pvt) Ltd
11.2002 - 03.2004
Fellow Member - Accounting And Finance
Institute of Chartered Accountants of Sri Lanka
01.1996 - 04.2001
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