MOHAMMAD HANEEFA P.

Chief Financial Officer

Daewoo Electronics

Jebel Ali, Dubai, UAE

10.2021 - 08.2025

Regional Finance Manager (2016–2021) | Finance Manager (2006–2016)
- Led finance strategy and full controllership across MENA & Eurasia region for global consumer electronics business.
- Optimized cash flow and reduced borrowing costs by 15% and being saved USD50K monthly through better treasury strategy.
- Directed multi-million-dirham budgets, forecasts, and monthly performance reviews.
Key responsibility : Operational Leadership, Strategic Planning, Performance Management, Process Optimization, Team Development, Financial Oversight, Compliance and Risk Management, Stakeholder Engagement, Market Analysis, Ensure that all statutory and regulatory reporting requirements are met, Business partner effectively with other departments and with Board to ensure that control standards are met, Assess financial risks of potential new investment opportunities and recommend solutions,
Manage cash flow effectively, Management and control of operating budgets and planning & reporting, Ensure balance sheets through detailed monthly reviews, identifying risks and opportunities and defining action plan and compliancy with IFRS standards.
Financial Reporting: Finalization of accounts and generation of monthly, Quarterly & yearly,
VAT &TAX control & monitor:- Documentation, Classification, VAT & TAX retune and necessary liaison with authorities.
Financial Analysis: Monthly variance, variation, ratio and probability analysis in relation to Plans & Budgets Financial Planning: Yearly budget and contribution to development of five years business plan and forecast.
Audit: Completion of interim and final audit with external auditors.
Internal Controls: Effective and efficient management and sub-ledger, classification, recording and filing of vouchers. Compliance to corporate governance, internal controls, internal audit policies and procedures.
Control Staff Development: Recruitment, training, rotation and development of accounting staff based on specific job descriptions and ensuring business continuity of smooth functioning of Finance & Accounting and monitor & ensures quality in HR activities.
Control Cash and Banks: Monitor, control & liaison with bankers- Avail Bank facility and reduce borrowing cost, monitor Import & Export L/C & up to its finalization, Bank guarantees, Trust receipts, Acceptance, Fund management and Forward deal. Verification and Negotiation of Export L/c and discounting on requirement. Petty Cash, cash receipts, and disbursement, deposits, physical security of cash, periodic spot checks over cash transactions, daily bank transactions, position, debt repayment, bank guarantees and monthly bank reconciliation.
Credit control: Ensure Timely collection AR, monitor Daily/weekly A/R report & Forecast and ageing analysis and control over accounts receivable, evaluation of Credit Standing, manage Securities & Credit insurance, Granting CF, review & timely reporting to the management (Excess CL limit/Credit period, GP ratio per customer, Black listing, Provision for debtors & Definitive write-offs etc.).
Control Inventory: Daily monitor & Control over physical receipts of goods, receipt vouchers, invoice verification, issuance of goods and issue vouchers, monthly stock take and stock reconciliation procedure.
Prepaid Expenses & Deferred Charges: Periodic expensing of prepayments and deferments, deposits and staff advances.
Control Fixed Assets: Monitor and control over physical receipts of fixed assets, receipts vouchers, invoice verification, quarterly fixed assets, physical verification and reconciliation procedure. Accurate classification, recording of capitalization and depreciation of existing and Inbound fixed assets, individual fixed assets, identification and control over fixed assets disposal and write-offs. Maintenance of monthly fixed assets register of existing fixed assets, purchases, transfers, write-offs and disposals.
Control Accounts Payable: Control over Reconciliation of supplier's statements payment to suppliers based on sufficient supporting documents and approved credit terms, control advance payments and ensure control over custody and issuance of checks.
Control Provision & Accrued Expenses: Periodic provision and expensing of accrued expenses, airfare, leave salary, doubtful debts and end of service indemnity.
Control Sales: Verify Sales reports & ensure as per approved contractual and credit terms and control recording of expenses of all nature and month end JV's with appropriate periods.
Control Payroll: Control of payroll (time sheets, overtime computation, sick leave, advance salaries, bank transfers, deductions, pay slips generation, denomination, distribution and transfer of salary) Reconciliation of salary accrued and employee receivable and approval of final settlements.
Control Admin, Procurements, Marketing & Sales: Monitor & control all aspects of day to day administration, marketing-its complete achievements, Sales and procurement departments and free zone & DMCC related works and ensures cost effectiveness in all levels and all level of admin works.
Control Operation & Supply chain: Monitor & control all inbound & out bound logistics movements & ensure all documents and procedures followed and optimize space utilization of logistics in own ware house/ outsourced ware house, manage and utilization of logistics staff and ensures optimization. Audit Check & control all type of fraud and ensure all procedure & documentation adhere with authorities and government and timely reconciliation with customs reports.

Management Accountant

Kuehne & Nagel (A Swiss MNC, Jebel Ali, Dubai)

Dubai, UAE

09.2001 - 10.2006

Managed finance operations for over 300 customers and 200 vendors, driving profitability analysis.
Oversaw budgeting processes, management information systems, intercompany reconciliations, and group-level reporting.
Conducted detailed profitability analyses to support strategic decision-making.
Led audit preparations, ensuring smooth process without discrepancies.

Senior Accountant

Gulf Advanced Lighting Co. (ARENCO Group), Dubai

01.2000 - 01.2001

Led team of junior accountants; ensured high quality work output.
Devised innovative solutions to complex financial problems, enhancing operational efficiency.
Streamlined payroll system resulting in timely and accurate salary payouts.
Trained new hires on company's accounting procedures; fostered knowledge sharing environment.

Accountant

Ali Al Hashemi Trading, Sharjah

01.1997 - 01.2000

Prepared monthly and yearly balance sheets, ensuring accuracy.
Performed thorough expenditure tracking, preventing overspending.
Enhanced profitability by managing cost control measures.
Generated accurate financial reports using advanced software tools.

Summary

Overview

Work history

Chief Financial Officer

Management Accountant

Senior Accountant

Accountant

Education

CIMA (UK) & CMA Part 2 -

M.Com. - Finance & Cost Management

B.Com. - Accounting & Costing

PGDCA - Computer Applications

Skills

LNGG

PERSONAL DETAILS

Timeline

Chief Financial Officer

Management Accountant

Senior Accountant

Accountant

CIMA (UK) & CMA Part 2 -

M.Com. - Finance & Cost Management

B.Com. - Accounting & Costing

PGDCA - Computer Applications

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