Shujaat Hussain

Electra is fully integrated solutions provider and production house for events, exhibitions, and fit-out across Middle East and beyond including production solutions; temporary structure rental; semi-permanent fit-out; and furniture rental services.

• Weekly reporting to HQ (Germany & UK) on cash flow, cash forecast (next 13 weeks), weekly collections report, AP ageing, AR ageing, weekly payment list, performing DPO/DSO analysis on 3/12 months rolling and capex budget utilization reports
• Monthly financial reporting to group in local currency & EUR, under IFRS & German GAAP, in reporting packages comprising profit & loss, balance sheet, fixed assets, monthly ageing, supplier / customer prepayments, ratio & trial balance analysis, financial review meeting
• Monitoring month end closing activities from completeness and accuracy perspective and preparation of job profitability, G&A, working capital analysis, EBITDA, gross margin analysis reports for management review, and performing comparative analysis against budgets / forecasts
• Directed regional budgets (GCC) including sales budget (segment/ tier/ business solution), margins budget, overheads budget, capex budget, balance sheet and cash forecast planning (standalone and consolidated for region)
• Ensuring delivery of forecasts on quarterly basis, analyzing gaps between budget and actuals, recommendations to executive committee / shareholders on covering gaps
• Monitored and reviewed financial controls, processes and procedures to enable best practice development.
• Oversaw treasury functions to maintain optimal liquidity levels.
• Developed strategic financial plans to drive company growth.
• Implemented cost-control measures to improve profitability on projects
• Finalized VAT returns with rigorous transaction checks.
• Applied advanced Excel skills to efficiently analyze large data sets.
• Recruited high-achieving team members for enhanced department performance.
• Managed auditing process for standalone, consolidated and ICV audits through dedicated team and completed reporting to shareholders on timely basis
• Facilitated capital-raising initiatives supporting business expansion efforts.
• Reduced operational costs by implementing cost-saving strategies.

Company Overview: AL FATTAN group is engaged in activities like ship building for commercial and military use, military boats, military and commercial oil platforms, water barriers, land reclamation and island development, mariner services including docking, security, logistics, ship maintenance and management

• Responsible for Management Reporting by providing financial analysis and qualitative commentaries to understand business impact behind numbers
• Managed annual budget planning and monthly rolling forecast and taking responsibility for monitoring of performance against agreed targets / KPI's
• Provided valuable insights in monthly and quarterly business planning cycles.
• Maintained compliance by developing and drafting financial policies and controls
• Assisted CFO in obtaining bank financing for MTL, STL, Commercial Term Loans, Construction financing, WC financing, asset backed financing, loan/ advances against trust receipts, LC's and Bank Guarantees (Around 2 Billion AED)
• Engaged with valuators for valuation of assets including land, improvement on leasehold property and Vessels
• Coordinating with Insurance companies, insurance brokers and agents for Project Insurances CAR, PAR, CPM, PI and WC
• Conducted meetings with suppliers for debt restructuring. Also, negotiated favourable credit terms with suppliers, improving working capital position.
• Executed rigorous risk assessments for safeguarding company assets.
• Drafted comprehensive reports on company's financial health, aiding stakeholder communication.
• Reviewed annual financial statements, collaborating with audit partners to produce statutory accounts.
• Oversaw and approved monthly management accounts, contributing to strategic decision-making.
• Compiled financial data for business forecasting and budgeting.