Fatima Saeed Juma Saeed
Finance & Accounting Professional
Dubai
Summary
Finance & Accounting Professional with over 15 years of experience with diverse industries and large multinational organisations; focused on core Financial Planning & Analysis (FP&A), business decision support and Financial reporting functions. Swiftly progressed to the managerial roles by being a consistent high performer, while acquiring strong leadership, communication and technical skills.
Overview
17
17
years of professional experience
Work History
Manager
du- Emirates Integrated Telecommunication Company, EITC
Dubai
08.2016 - Current
- Company ProDile: du Telecommunication is an industry that is at the heart of economic and social transformation, bringing people and businesses together by offering mobile and fixed telephony, broadband and IPTV services, homes and businesses all over the UAE
- It also provide carrier services, a data hub, internet exchange facilities and satellite services for broadcasters
- As a rapidly-growing business that has over 2,000 people working to develop the service offerings
- Their people come from over 60 countries - they mirror the rich culture diversity of our nation, while being able to serve their customers in a variety of languages
- So far more than 6.5 million Mobile customers (almost 50% of the market share), 555,000 fixed line subscribers, 180,000 home services subscribers and over 70,000 businesses have chosen to use their services
- They were named the Best Mobile Broadband
- Network in the Middle East and Africa region in 2012
- Key Contributions: - Enhanced budget and forecasting capability by focusing on account level projections leading to improved accuracy down to Net Income as well as providing rigorous in sight over causes of volatility
- Quantitative/ statistical deep dive into various Business Case proposals/ RFPs - provided executives/ project owners with financial cost-benefit analysis, recommendations and approvals
- Delivered robust modeling and reporting to facilitate executive-level decision making - Monthly Quick
- Reports summarized key drivers and highlighted monthly variances between actual vs
- Plan/ projection
- Responsibilities:
- Responsible for the communication and act as decision support advisor in financial reporting and forecasting for Finance management
- Responsible for monitoring the performance of the Consumer BU - Homes Services (Fixed Segment) and drive discussions at senior management level on variances from financial targets
- Act as financial business partner at profitability discussions at senior management and managing profitability models and systems
- Responsible for producing monthly management accounts in liaison with accounting team
- Preparation of monthly reporting to the senior management
- Building and consolidating reliable, consistent and pertinent executive dashboard
- Own business case modeling/ review for commercial pricing decisions; infrastructure investments such IT platforms and fixed infrastructure investments presented to CFO/ Investment Committee.
Financial Analysis Supervisor
Metlife Life Insurance Company
Dubai
01.2013 - 07.2016
- MetLife is an affiliate of MetLife, Inc., a leading global provider of insurance and employee benefit programs
- MetLife is a pioneer of life insurance in the UAE
- Through its subsidiaries and affiliates
- MetLife serves more than 90 million customers around the world
- MetLife regional hub, serving 14 countries in Middle East and Europe (EMEA), is located at the Dubai International Financial Centre
- The
- Gulf head office is located in DAFZA and covers five countries with 10 lines of business and 5 distribution channels
- Key Contributions: - Led a project with Finance team from MEA region to establish a unified expense accounting framework
- Developed Partnership with Distribution Channels - Served as the key point of contact in Finance to develop accurate and detailed sales projections/ plan in liaison with various Sales Head
- Zero Based Budget - Worked with departments to create budgets for each cost center
- This enables greater visibility on expected spend and identify more than 5% savings in OPEX
- Expense Management - Trained department head/ cost center owners to help them track the costs booked to them and therefore have more control over expenses
- Ex-else Study - worked with MEAActuarial team to identify product profitability
- The analysis was utilized to review company pricing strategy
- Responsibilities:
- To act as a business partner responsible for monitoring the Xinancial and non-Xinancial performance of the Business and for providing reliable and timely information and analysis to the business leaders to guide them in the decision making process
- Manage the monthly and quarterly reporting process, ensuring accurate results are reported as per Group / Regional reporting guidelines as well as key performance indicators analysis and evolution based on monthly & quarterly reports
- Provide sound financial analysis to accompany all results that demonstrate a sufficient level of understanding of the key driving factors behind the results in comparison to the budget and prior budget periods
- Providing financial support to the business; supporting the annual budgeting and forecasting processes
- Track expenses and revenues versus budget and forecast and analyze fluctuations
- Preparation of GM & board meeting material
- Manage a team and give the necessary support to produce accurate and efficient reports and other deliverables to the management
Financial Analyst
Emirates National Oil Company LLC
Dubai
10.2007 - 12.2012
- To independently handle the everyday Xinancial accounting functions of Corporate ofXice
- To perform accounting of HTL investment in its subsidiaries, associates and joint ventures
- To assist in the process of consolidation of the Xinancial statements of HTL subsidiaries, associates and joint ventures
- Duties and Responsibilities:
- Financial Accounting
- Maintains Financial Accounting Systems for the company as per International Financial Reporting
- Standards in compliance with internal procedures and policies
- Prepares monthly management reports after Xinancial closing and provides management commentary for corporate ofXice
- Ensures collection of monthly management reporting from subsidiaries and joint ventures terminalling companies
- Ensures accurate recording of all payables and timely settlement of all invoices and liabilities
- Ensures accurate recording of all receivables and ensures that settlement are received on time
- Liaisons with the parties directly for collections of outstanding and reporting to the Financial
- Controller by exceptions
- Reconciles the company’s books of accounts and ensures correctness of reporting
- Accurate recording on HTL investments in the subsidiaries, associates and joint ventures and periodically updates the status of the same to the management
- Raises inter-company /back to back/ cost recovery debit notes and invoices with necessary support documents, clariXications, transaction summarising
- Budgets
- Develops budgets, based upon the business plan provided by the management
- Assist in the preparation of annual budgets considering all aspects of the business reXlecting the key operating parameters; Reports the discrepancies/variances from the budgeted Xigures
- Treasury Functions
- Manages the cash Xlow of the company and prepares cash Xlow statements on a periodic basis, highlighting areas of concern
- Liaisons with banks for banking functions, in particular, for investing short term deposits and evaluating the interest rates on loan rollover and evaluating the cash Xlows
- Responsible for OfXice Petty Cash
- Prepares Treasury reports
- Audit
- Assist in preparation and co-ordination of statutory audit, internal audit and Government audit
- Provide all required Financial and Management information required
- Projects
- Project Financial Models preparation
- Preparation of Projection Cash Flows
- Preparation of Cost Sheets
- Ensures of collection progress reports in monthly basis for the projects and ensures that the costs are in line with the budget
- Update Financials related to projects and maintain it.
Financial Accountant
Majid Al Futtaim Investment
Dubai
06.2006 - 08.2007
- Marinating total control over expenses and payables for head ofXice
- Ensure proper booking/accrual of expenses timely payments to suppliers
- Reviewing the daily entries done by the accountants and following the daily cash collection and deposits
- Preparation of the daily JEÆs, Ap
- Duties and Responsibilities:
- Maintaining Xinancial accounting for the company
- Ensure timely processing of payments for external creditors, group companies, staff expenses and petty cash
- Ensure accurate recording of the transactions related to transfers of inter-company funds
- Ensure accurate recording the receivables of inert-company and timely settlement debit notes
- Prepare the bank reconciliation and monthly balance sheet schedules
- Prepare the inter-company reconciliation on monthly basis and follow up with unresolved issues
- Release of petty cash reimbursement & cash replenishment
- Prepare travel expenses reports
- Preparation of all staff related accruals and prepayments schedules
- Gathering & input corporate credit cards payments & expenses
- Preparation list for salary deduction
- Processing of payroll
- Processing of salary cards for full & Xinal settlement
- Maintaining of books of accounts for payables and general accounting.
Education
Higher National Diploma - Business Management “Accounting
Sharjah Women’s Higher College of Technology
Bachelor - Business Management “Accounting
Hamdan Bin Mohammed e-University
Skills
Strategic planning
undefinedTimeline
Manager
du- Emirates Integrated Telecommunication Company, EITC
08.2016 - Current
Financial Analysis Supervisor
Metlife Life Insurance Company
01.2013 - 07.2016
Financial Analyst
Emirates National Oil Company LLC
10.2007 - 12.2012
Financial Accountant
Majid Al Futtaim Investment
06.2006 - 08.2007
Higher National Diploma - Business Management “Accounting
Sharjah Women’s Higher College of Technology
Bachelor - Business Management “Accounting
Hamdan Bin Mohammed e-University
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