Summary
Overview
Work History
Education
Skills
Interests
Timeline
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Michael Curran

Michael Curran

Abu Dhabi and Dubai

Summary

PROFILE SUMMARY


I am a qualified accountant with over 30 years (with 20 years in UAE) of Management, financial & commercial experience in the IT, Manufacturing, Mining, Quarrying, Construction, Consulting and Property industries in the United Arab Emirates, South Africa & Tanzania. Recognised for strong leadership in guiding financial strategy with a focus on growth and stability. Proven track record of managing budgets, strategic planning, optimising costs, and enhancing financial operations. Collaborative and adaptable, ready to lead teams and drive results to exceed both shareholders' and stakeholders' expectations.

Overview

33
33
years of professional experience

Work History

Chief Financial Officer (CFO)

ONPASSIVE TECHNOLOGIES LLC
04.2022 - Current

Industry: IT, AI, Software development of digital SaaS products

  • Responsible for the company's complete Financial, Commercial and Administrative functions in both Dubai and India
  • Successfully registered for VAT and Corporate Tax with FTA
  • Opened multiple Bank Accounts foreign and local
  • Successfully implemented SAP ERP Finance and HR modules
  • Implemented multiple payment gateways & processors to facilitate online payments in both Fiat and Crypto currencies and achieved record sales
  • Manage the internal Audits and statutory year-end Audits
  • Involved in the branding of the Dubai Metro Station and multiple advertising and marketing campaigns
  • Implemented a branded debit card project to facilitate payments to our freelance affiliates, boosting our global sales
  • Reviewed all legal contracts and agreements
  • Feasibility study to build our own data centre with advanced Cyber security controls
  • Managed multiple cloud services like AWS and Google Cloud, and multiple software subscriptions
  • Prepare regular Budgets, Forecasts and Financial Models
  • Cash flow management
  • Prepared Monthly, quarterly and annual financial and management reports
  • Showcased our ecosystem and products at GITEX Dubai
  • Advised the CEO on multiple projects and implemented an online KYC application

General Manager

World Select Consulting & WorldTech Consulting LLC
08.2019 - 03.2022

Industry: Human Resources, Recruitment and Consulting

  • Opened and set up a UAE Branch in ADGM and IFZA
  • Opened and managed bank accounts
  • Business Development
  • Responsible for the full Group Finance and Admin function
  • Manage and update our Customer Relationship Management (CRM) system
  • Website design and development
  • Managing Contract workers around the World
  • Designed Tax-efficient structures
  • Managed outsourced payroll functions

General Manager

Abu Dhabi National Paper Mill
05.2012 - 07.2019

Industry: Manufacturing various grades of Paper Jumbo Rolls

  • Responsible for a team of 250 employees in all the departments at the Paper Mill including Production, Mechanical & Electrical Maintenance, Sales, Quality Control, Procurement, Supply Chain & Logistics, Projects, QHSE, HR & Admin, and Finance
  • Achieved record production volumes by optimizing the manufacturing processes
  • Improved our machines' availability and utilization by implementing effective preventative maintenance schedules
  • Together with Production and Quality, developed a new grade of tissue which was successfully launched in the market
  • Increased sales of our recycled tissue products into the Saudi Arabian and South African markets
  • Implemented many energy-saving projects to reduce costs significantly
  • Financial feasibility approval and secured AED 250m finance for our 3rd Paper Machine and new office expansion project through export credit financing with a Swedish Bank
  • Member of the Project Management team to oversee the Project implementation, design, construction and installation
  • Managed the main contractors (Al Jaber Construction and Valmet), various sub-contractors and suppliers to ensure the successful timely completion of the project in line with the milestones and budgets
  • Achieved a zero-incident safety report for all 3 years of our expansion project
  • Increased revenue by 10% by developing an effective sales commission scheme
  • Improved Gross Profit & Net Profit Margins year on year through market & product segmentation and cost-saving initiatives
  • Achieved record Profits and Dividend payouts for Shareholders
  • Developed high-performance management and finance teams to streamline processes and strengthen controls
  • Implemented a Treasury management which improved our cash flow position and reduced interest costs
  • Reporting to the Board of Directors

Chief Financial Officer (CFO)

CPC Construction LLC
06.2010 - 04.2012

Industry: Construction and Civil Engineering

  • Responsible for the company's complete Financial, Commercial and Administrative functions
  • Developed & structured the first Strategic Plan, Annual Budget and Forecasts
  • Negotiated better Banking terms & conditions and consolidated the banking relationships thereby generating a significant reduction in costs
  • Implemented Quality Management Systems (QMS) and received the first ISO 9001:2008 Accreditation in 2011
  • Advised the Managing Director on Investment strategies which yielded more than a 20% return

Finance Manager & Head of Internal Audit

Caspian Group
01.2005 - 05.2010

Industry: Quarrying & Mining (Limestone, Gold & Diamonds)

  • Responsible for the complete financial, commercial and administrative functions of the company
  • Manage, supervise, coach, counsel & discipline the Finance & Admin, IT & HR departments
  • Implement complete financial, accounting, budgetary, management, procurement & inventory systems, and controls from the ground up
  • Co-ordinate, design and manage the implementation of the Tally ERP Accounting Package in both UAE and the various Mining sites in Tanzania, and linked all with live updates to Head Office
  • Started and set up the Internal Audit Department
  • Formalized the Internal Audit Process, Risk Assessment, Planning, Fieldwork, Audit Reports and Follow-up Review
  • Reporting to the Board of Directors

Regional Financial Director

Moolman Mining
05.1996 - 12.2004

Industry: Opencast Mining of Gold, Platinum, Coal, Diamonds, Chrome, Copper & Nickel

  • Responsible for the complete financial and administrative functions of the company
  • Manage, supervise, coach, counsel & discipline the Finance & Admin Departments
  • One of the youngest Directors appointed by the company and member of the Board of Directors
  • Assisted in achieving over 35% revenue growth per year
  • Improved Net Profit Margin from 9% to 16%
  • Developed a financial escalation model to protect the company from foreign exchange fluctuations
  • VAT and Tax planning

Capex Controller

Intersite Property Management Services
01.1992 - 04.1996

Industry: Property Development and Management

  • Control and manage all Capital Expenditure, work in progress and contract creditors and subcontractors
  • Member of Group Capital Investment Committee and the Intersite Capex Committee
  • Perform Feasibility studies using discounted cash flow and other financial models
  • Cash flow monitoring & forecasting
  • Provide support to the Project Management, Portfolio Management and Development Planning Divisions
  • Monitor and control standard costing and variance analysis

Education

ACCA UK

Professional Accreditation Body
Association Of Charted Certified Accountants

Bachelor of Commerce - Majors: Accounting, Audit & Commercial Law

Rhodes University
Grahamstown, South Africa
12-1991

Skills

  • ERP Systems - SAP, Oracle, Accpac & Tally
  • Microsoft Suite of Applications
  • Strategic Planning & Budgeting
  • Financial Modelling & Analysis
  • Cash Flow & Treasury Management
  • VAT & Corporate Tax
  • Feasibility Studies
  • Financial Reporting
  • Auditing & Internal Controls
  • Corporate Governance
  • Mergers & Acquisitions
  • Banking & Debt Restructuring

Courses Completed

  • Leadership & Communication by Meirc
  • Structured Finance by Citi Bank
  • Emotional Intelligence
  • Oracle ERP & Qlikview
  • ISO 9001 Quality Management System
  • Financial Modeling
  • Senior Management Programme
  • Disciplinary Enquiries & Appeals
  • Arbitration & Industrial Relations
  • Professional Excellence

Interests

Rugby

Golf

Football

Formula 1

Gym

Reading

Music

Movies

Timeline

Chief Financial Officer (CFO)

ONPASSIVE TECHNOLOGIES LLC
04.2022 - Current

General Manager

World Select Consulting & WorldTech Consulting LLC
08.2019 - 03.2022

General Manager

Abu Dhabi National Paper Mill
05.2012 - 07.2019

Chief Financial Officer (CFO)

CPC Construction LLC
06.2010 - 04.2012

Finance Manager & Head of Internal Audit

Caspian Group
01.2005 - 05.2010

Regional Financial Director

Moolman Mining
05.1996 - 12.2004

Capex Controller

Intersite Property Management Services
01.1992 - 04.1996

ACCA UK

Professional Accreditation Body

Bachelor of Commerce - Majors: Accounting, Audit & Commercial Law

Rhodes University
Michael Curran