Summary
Overview
Work history
Education
Skills
Languages
Timeline
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USAMA MOUKHTAR

Dubai,UAE

Summary

As an accomplished Finance Manager with an impressive 17-year track record in overseeing critical financial functions, including Accounts Receivables, Accounts Payable, GL, and comprehensive Financial Planning, and Analysis. My extensive expertise spans strategic financial planning, budgeting, forecasting, variance analysis, and financial reporting. Throughout my career, I have consistently demonstrated a strong aptitude for leveraging financial data to drive informed decision-making, optimize resource allocation, and enhance organizational profitability. My commitment to excellence, coupled with my adeptness at leveraging advanced financial tools and technologies, positions me as a valuable asset to any organization striving for financial acumen, operational efficiency, and sustainable growth.

Overview

18
18
years of professional experience
4
4
years of post-secondary education

Work history

Manager, Financial Planning & Analysis

Al Ghurair Real Estate
Dubai, UAE
11.2022 - Current
  • Work with Business Unit heads to build their annual budgets and forecasts
  • Producing models to project long-term growth and determine the impacting business factors.
  • Analyzing financial and operational results to better understand company performance
  • Communicate to senior management the reasons behind the product/department performance and results.
  • Provide detailed analysis and commentary on cost centre results.
  • Review capex budgets submitted by various operating entities
  • Ensuring compliance with capex policy and procedures.
  • Review monthly capex reporting received from operating entities to ensure reporting is accurate and to monitor capex against budget.
  • Review capex requests received for approval. This includes review of ROI calculations received and ensuring compliance with P&P’s.
  • Utilizing BI tools to deliver meaningful insights into business performance
  • Reviewing operations and recommending new productivity or cost-saving initiatives
  • Reviewing existing processes and procedures to develop recommendations for improvement efforts.
  • Provide insights to senior management around financial modelling, forecasts, and profitability.
  • Managing a team of Financial and Business Analysts

Manager, Financial Planning & Analysis

Majid Al Futtaim Properties
Dubai, UAE
02.2015 - 10.2022
  • Working closely with executive management team in developing the financial strategic plan
  • Responsible for the preparation of annual organization budget and rolling forecasting.
  • Creating the monthly reporting packs, monitoring progress against budget / forecast and providing insights into variances.
  • Preparing monthly sales analysis across the entire portfolio (overall and Like For Like) and update the top management with the key factors for sales decline / increase
  • Analyzing and monitoring the marketing investment across the entire portfolio by identifying monthly the reason for the overspend / underspend, monitoring various campaigns results and its impact on the business and ROI.
  • Participating in quarterly reviewing meeting with leasing director to review the occupancy rate for tenants and to make sure that it is aligned with asset management assumption and market situation to predict the risk elements and quantify the impact.
  • Developing the strategic financial models including "Lost Rent", "Lead to Lease" and "Revenue Cause of Change" used by the executive team on monthly basis to monitor the business.
  • Working with commercial foresight to identify and exploit opportunities and predict potential problems to draft strategies.
  • Leading finance business partner, providing finance expertise, responsible for working with other business functions on strategic initiatives to improve business processes, systems, and information to senior management.
  • Leading the development and implementation of process improvements to the finance function to improve operational efficiency and quality output.

Associate Manager - GL

Majid Al Futtaim Properties
Dubai, UAE
08.2009 - 01.2015
  • Performing GL accounting processes efficiently and effectively, in addition to support business activities in relation to those processes
  • Ensuring effective and efficient communication with the operating teams regarding any issue, requirement or inquiries
  • Ensuring compliance with internal controls and procedures as per company's financial policies in connection with GL accounting and recommend improvements.
  • Monitor and reconcile GL control accounts on a regular basis to ensure correct and accurate balances.
  • Liaising with internal and external auditors for accounting and financial reporting issues or any other matters as and when required, ensuring timely implementation of audit recommendations.
  • Maintaining all inter-company accounts as well as bank balances through regular reconciliations and resolution of issues
  • Maintaining proper control over accruals and provisions during as well as at the end of the fiscal year ensuring correctness,completeness, and adherence to the company's financial policies and procedures
  • Preparing journal entries for the assigned area of responsibility for posting to the company's general ledger accounting system
  • Preparing entries for all prepaid amortizations, advances, and allocations ensuring accuracy and compliance with IFRS/IAS
  • Preparing the balance sheet schedules of assigned area of responsibility and initiating necessary actions to resolve issues.
  • Preparing transactions relating to transfer of funds and borrowing
  • Preparing tax declarations as required by local regulations.
  • Preparing financial statements and providing it to the external auditor in order to issue the audited one.

Senior Financial Accountant

Raya Holding
Cairo, Egypt
04.2005 - 07.2009
  • Responsible for the costing related to any shipment we receive (freight, clearance, customs, etc.)
  • Responsible for selling and buying any goods between sister companies
  • Monitor and reconcile GL control accounts on regular basis to ensure correct and accurate balances
  • Prepare the balance sheet schedules of assigned area of responsibility and initiate necessary actions to resolve issues
  • Handling fixed assets
  • Prepare entries for all prepaid amortizations, advances, and allocations ensuring accuracy and compliance with IFRS/IAS
  • Follow up warehouse inspection on monthly basis
  • Responsible for making the inventory provision entry according to the policy of the company
  • Preparing the re-evaluation entry for the foreign accounts in case any changes at the exchange rates
  • Maintain all inter-company accounts as well as bank balances through regular reconciliations and resolution of issues

Education

Professional Certificate - Certified Corporate FP&A (FPAC)- In progress

Corporate Finance Institute
Dubai
03.2023 -

Bachelor of Commerce - Accounting & Finance

Cairo University
Cairo/ Egypt
09.2000 - 06.2004

Skills

  • Budgeting, forecasting and strategic
  • Financial modelling / management
  • Reporting
  • Variance analysis / analytical reviews
  • Business process & modules integration
  • Revenue accounting
  • Systems and automation applications
  • Excel expert user
  • PowerPoint expert user
  • Oracle r12
  • Oracle Fusion
  • Yardi Budgeting & Forecasting
  • Hyperion
  • JDE
  • GL Wand expert
  • Dashboard reporting
  • Communication skills
  • Time management
  • Cross function working
  • People management

Languages

English
Fluent
Arabic
Native

Timeline

Professional Certificate - Certified Corporate FP&A (FPAC)- In progress

Corporate Finance Institute
03.2023 -

Manager, Financial Planning & Analysis

Al Ghurair Real Estate
11.2022 - Current

Manager, Financial Planning & Analysis

Majid Al Futtaim Properties
02.2015 - 10.2022

Associate Manager - GL

Majid Al Futtaim Properties
08.2009 - 01.2015

Senior Financial Accountant

Raya Holding
04.2005 - 07.2009

Bachelor of Commerce - Accounting & Finance

Cairo University
09.2000 - 06.2004

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USAMA MOUKHTAR