Ashraf Mohiuddin Email & Phone Number

Al Khobar, Saudi Arabia

Highlights: Recognized as a bright and highly capable manager of finance and accounting functions. Contributed in arranging Real Estate restructure of MTL of SR250 millions on very competitive rates with extended loan tenure to match directly with the Cash flow of the Business Center. Credited for negotiating deals for the Interest Rate Swap (IRS) of SR150 millions and worked on various Treasury options to save money for the group. Successfully arranged the MTL for acquisitions… Show more Highlights: Recognized as a bright and highly capable manager of finance and accounting functions. Contributed in arranging Real Estate restructure of MTL of SR250 millions on very competitive rates with extended loan tenure to match directly with the Cash flow of the Business Center. Credited for negotiating deals for the Interest Rate Swap (IRS) of SR150 millions and worked on various Treasury options to save money for the group. Successfully arranged the MTL for acquisitions of the group for SR100 millions at the highly competitive rates and expanded the relationship with additional banks in Saudi Arabia and Bahrain. Proactively contributed in achieving operational and financial objectives, identifying deficiencies & potential opportunities, developing innovative and cost-effective solutions for enhancing competitiveness and increasing profitability.Key Responsibilities: Proficiently maintaining bank facilities, negotiations, allocation of facilities to group companies and compliance in addition to managing long term and short term financial strategies to ensure the alignment with the group growth plans. Actively arranging Medium term loans for Alturki group expansions, acquisitions and new investments opportunities to enhance the company’s financial sustainability and growth. Efficiently setting up the Insurance renewals policies for the group in coordination with Marsh consultants in adherence to company laws and regulations. Responsible for developing Alturki Group monthly financial reporting and analysis for Group Companies comprises of Subsidiaries, Joint Ventures and Associated Companies to ascertain and safeguard the company’s most risky assets. Regulating IRS, treasury products and MTL for business expansions and acquisitions with strong negotiations in addition to negotiating with banks and financial institutions for availing Medium Term Loans. Show less

Bahrain

Highlights: Recognized for maintaining excellent relationships with premier banks of the eastern region of Saudi Arabia and Bahrain, Statutory Auditors, Insurance providers and consultants etc. Liaised with Environmental Specialists and Project managers for new bids, project cost control tracking and monitor and report timely execution of the project. Stellar role in setting up and achieving top KPIs (best performing finance team) in the Group. Introduced the concept of MIS… Show more Highlights: Recognized for maintaining excellent relationships with premier banks of the eastern region of Saudi Arabia and Bahrain, Statutory Auditors, Insurance providers and consultants etc. Liaised with Environmental Specialists and Project managers for new bids, project cost control tracking and monitor and report timely execution of the project. Stellar role in setting up and achieving top KPIs (best performing finance team) in the Group. Introduced the concept of MIS reporting to update the management on a regular basis.Key Responsibilities: Safely operated complete project accounting and reporting functions of the AES and Environmental Sector for deviation and providing recommendations. Developed and maintained new businesses, Joint Ventures and Potential Waste management project feasibility studies, financial exposure and project viability decisions. Established plan to close the AES branches in UAE, QATAR and Oman. Also worked to liquidate the subsidiary company in Canada. Successfully handled overall annual audit process of the Sector to achieve organizational goals and objectives. Judiciously handled Financial Planning and Business Development in addition to liaising with Bankers for Corporate bank facilities, Loans, Bridge Financing, and Cash Management to secure the best available rates ensuring cost efficiency. Embedded the monthly financial reporting of Real Estate divisions, Budgets, analysis and highlights the Receivable management and Cash flows thereby improved the financial reporting systems. Interfaced and coordinated with the VP Real Estate, Property Developer and Operations team to work on the new developments, review of the business models, financing arrangements, IRR and NPV’s reviews and discussion for reporting to higher management. Efficaciously functioned as the Strategic Financial Advisor to Business Unit (CEO/VP) on pricing, reviews on new project bids establishing stringent procurement and expense guidelines. Show less

Kuwait

Highlights: Associated with leading the activities pertaining to project accounting and reporting functions of the Defense and US Government programs in Kuwait, Iraq and Afghanistan and UN Support Missions in Somalia, Sudan and Kenya. Facilitated and developed the Long Range Business Plan (LRP) for the US Defense related contracts. Proactively contributed to resolve the pending receivable issues for old contract with the DCAA agency and successfully collected US$25… Show more Highlights: Associated with leading the activities pertaining to project accounting and reporting functions of the Defense and US Government programs in Kuwait, Iraq and Afghanistan and UN Support Missions in Somalia, Sudan and Kenya. Facilitated and developed the Long Range Business Plan (LRP) for the US Defense related contracts. Proactively contributed to resolve the pending receivable issues for old contract with the DCAA agency and successfully collected US$25 million.Key Responsibilities: Competently ensured financial and regulatory compliance of operational programs, administering the projects in accordance with applicable cost accounting and Federal Acquisition Regulation (FAR). Closely monitored a team of 7 project accounting supervisors, project accountants for multiple US Government and UN contracts over USD 500 Million to maximize cost effectiveness. Facilitated Operations, Contracts, Cost Controls and Estimating/Pricing departments for new project bids, budgetary controls and timely execution of bills of the US Government and UN mission contracts for various types of contracts such as Cost Plus, Fixed Price and Transactional activities to ensure smooth execution of all accounting activities. Initiated timely project reporting package for operational review, overhead analysis, monitoring variances between actual and budget, providing incurred cost submission (ICP) reports to Government Compliance Departments for the DCAA audits. Coordinated and managed the Defense Contracting Audit Agency (DCAA) for all Cost Plus type contracts and supporting the external auditors for the MEA region audits as per statutory accounting standards. Effectively represented the Company for financial transactions conducted with banking institutions, Income tax Department, Government agencies and the general business community in adherence with organizational policies and procedures. Show less

Al Khobar, Saudi Arabia

January 2005-November 2007 : Accounts Manager January 2001-December 2004 : Asst. Accounts Manager April 1993-December 2000 : Accounts Supervisor and Senior AccountantReceived 'letter of appreciation' for outstanding services from General Manager, Middle East and Managing Director Finance and Investments Gained solid exposure of setting up new companies, liquidation procedures and SIDF Loans. Having credential of monitoring recovery management and restructuring of long… Show more January 2005-November 2007 : Accounts Manager January 2001-December 2004 : Asst. Accounts Manager April 1993-December 2000 : Accounts Supervisor and Senior AccountantReceived 'letter of appreciation' for outstanding services from General Manager, Middle East and Managing Director Finance and Investments Gained solid exposure of setting up new companies, liquidation procedures and SIDF Loans. Having credential of monitoring recovery management and restructuring of long over dues. Exposed to experience and understand the complete cycle of Joint Venture accounting and set ups new Joint Ventures from scratch. Associated closely with drafting investment guidelines, banking relationships and cash planning programs that reduced corporate borrowing and improved cash flow/other income. Credited for structuring settlement of dues to Banks and Institutions.Reviewed and analyzed all accounting and reporting aspects of Zamil Group Consolidation, Treasury functions, Joint Venture accounting, Board Meeting reports and other special project accounting and ascertained that all policies and procedures are aligned with the organizational goals Approved group bank facilities, group loans and allocation of those loans to subsidiary companies of the group, interest charges and loan schedules along with the cash requirements of the group by establishing strong internal and external communication protocols. Explored and developed New IPO’S setting up for the existing businesses and responsible to coordinate all accounting aspects with the consultants, audits of historical as well as projections and other related matters thereby enhancing the image and reputation of the company. Steered efforts for monitoring investment in Subsidiaries, Joint Ventures and financial reporting and disclosure notes of all types of investments to enhance better efficiency and profitability. Advised the board of directors on investments & ventures to enhance better efficiency and profitability. Show less

Diploma In Islamic Finance, Islamic Finanace, Successfully Completed

Ctp, Certified Treasury Professional

Cma, Cfm, Management & Cost Accounting

Bachelor Of Commerce, Accounting & Income Tax