Ijaz Muhammad

Ijaz Muhammad Email and Phone Number

Finance Director at Lootah Holding @ Lootah Holding
dubai, dubai, united arab emirates
Ijaz Muhammad's Location
Dubai, United Arab Emirates, United Arab Emirates
About Ijaz Muhammad

Growth-oriented Finance Leader with a 20+ year track record of optimizing and enhancing Finance, Audit, IT and Legal functions to support achieving ambitious commercial objectives such as sustainable profitability and enhanced shareholder value. In-depth understanding of key areas such as project financing, business strategy, M&A, financial reporting, treasury management, risk management, and internal audit. Passionate advocate for the application of technology solutions as a driver of efficiency and competitive advantage. Respected people manager with collaborative communication skills and a history of stewarding cross-functional teams & empowering employees to surpass expectations on every assignment. Able to mentor high-impact staff members with a mandate to retain top talent and foster the next generation of leaders from within the business. Natural critical thinker with the capacity to make vital decisions in a pressurized and deadline driven environment. Strong proponent of continuous improvement culture with a background of developing and leading major transformation and change projects including technology implementations, corporate restructuring programs, and post-acquisition integrations.

Ijaz Muhammad's Current Company Details
Lootah Holding

Lootah Holding

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Finance Director at Lootah Holding
dubai, dubai, united arab emirates
Employees:
27
Ijaz Muhammad Work Experience Details
  • Lootah Holding
    Finance Director
    Lootah Holding Jul 2022 - Present
  • Lootah Holding
    Finance Director
    Lootah Holding Jul 2022 - Present
    Dubai, United Arab Emirates
    Lootah Holding is a family-owned diversified business house pioneer in construction, development, trading and leasing the real estate. The group is also working in industries like Logistics & Freight Forwarding, Technology/Software Implementation, Financial Services & Investment’s Management, and others.• Lootah Real Estate Development LLC• Lootah Engineering & Construction LLC• Lootah Facility Management LLC• SSL Homes Interior Design LLC • Centre Point Logistics LLC• Tech Falcon LLC• Lootah Capital LLC• Private Investor Trading Co LLCACHIEVEMENTS● Business Transformation: Played a leading role in the spinoff of Lootah Holding Group through extensive financial structuring, streamlining of processes, establishment of new governance standards and implementation of innovative operating strategies. Executed the placement of Lootah Holding Group equity to get maximum return by utilizing industry best practice standards.● Corporate Governance: Introduced a comprehensive set of Corporate Governance protocols and frameworks including Development of Authority Matrix, Corporate Governance Manual, and the instigation of Board Committees covering key areas such as Internal Audit Committee and Nomination & Remuneration Committee.● Digital Transformation: Sourced and delivered a MS NAV, MSD365, Prop-Desk CRM, Pay-Desk, ATMS-WMS and Power BI, applications with an overall goal to transitioning the business towards a cloud-based IT architecture capable of supporting rapid scaling of financial & commercial activities.● Corporate Debt Reprofiling: Successful reprofiling corporate financial facility of Aed=230Mn resulting in liquidity improvement, reduction in finance cost.● VAT & CT Regime: Successful adoption & governance of VAT & CT around all group entities through proper financial & legal impact assessment.● Business Expansion: Initiated proposal & established corporate setup of “Construction Division”
  • Dubai Coop
    Finance Director
    Dubai Coop Mar 2019 - Present
    Dubai, United Arab Emirates
    Dubai Cooperative Society is the first cooperative society in UAE. The principal activity of the Society is investment in enterprises & its management, food & beverages trading, general trading, frozen food processing & trading. Its core business activities are under the trade name “Al Islami Foods”.RESPONSIBILITIES● Management of investments in commercial enterprises, stocks & subsidiaries.● Maximizing ROI through divesting & re-investing activities.● Ensuing annual return for society members through distribution of dividends.● Ensuring proper corporate governance through secretarial services & financial controls.● Worked on joint venture proposals, preparation of comprehensive JV business plan & its benefits evaluation.● Currently working with one of the BIG-4 audit firm on Merger Project.ACHIEVEMENTS● Being part of steering committee successfully engaged in “Combine Valuation & Synergy Exercise”. It was a pre-merger exercise to workout potential value & synergy which could result through the proposed merger.● I am also part of business valuation exercise, FDD & LDD to support the overall merger process.
  • Lootah Holding
    Group Sr. Finance Manager
    Lootah Holding Jan 2016 - Feb 2019
    Dubai, United Arab Emirates
    I was promoted to Group Holding for overseeing the financial affairs of all group entities. It was a strategic move to transform the group capital structure for business growth & diversification through financial & legal transformation under replica Commercial Companies Law of 2015.I was responsible for managing the financial affairs of group entities engaged in different segments of business.Real Estate Development LLC Real Estate Development, Asset Management & R.E LeasingCenter Point Logistics LLC Logistics, Warehousing & FFLootah Capital LLC Investments & its managementPrivate Investor Trading Co LLC Investment in Private EquitiesSSL Home Interior Design LLC Interior Design, Fit-outsLootah Facility Management LLC Facility Management ServicesSPECIAL ASSIGNMENTS• Business Transformation & Group Restructuring.• Value Added Tax (VAT) Compliance & Implementation• Establishment of “Inhouse Construction Division”.• Expansion of logistics & warehousing operations to different Free-zone Territories, mainly in DWC.• Introduction of MSD 365 and CRM (Covering all R.E Selling, Leasing & Management Functions).
  • Lootah Real Estate Development
    Chief Accountant
    Lootah Real Estate Development Jun 2010 - Dec 2015
    Dubai, United Arab Emirates
    Lootah Real Estate Development LLC is a pioneer real estate development arm of Lootah Holding. It developed “Ewan Residence Gated Community in DIP” a project having 82 (G+2) residential complex and managed to deliver different projects of Flex Villas, G+5 to G+8 Residential Buildings and Warehouses. The main business of the company is real estate development including real estate leasing & community management.ACHIEVEMENTSSuccessfully managed to "DEVELOP & SELL" 20 Real Estate Projects around Aed=850 million worth, including G+1 villas, G+5 to G+8 level residential buildings & warehouses.Annual budget, cashflows, business strategy and its presentation to the CEO & the BOD for approval.Real Estate Projects Feasibility Study, & Execution Management• Preparation of high-level R.E projects feasibility study covering all stages of build & sell cycle.• Recommendations for sourcing of land based on project high-level feasibility study.• Ensuring high area efficiency through efficient design by getting maximum Sellable Area from allowed Buildup Area (BUA). Right mix of products in demand, studio, 1~3 BHK, Lofts, Retail Shops etc.• Preparation of Detailed Project Budgets with execution timelines, covering post construction cost, construction cost, final approval & utilities costs, finance cost.• Project Sales Planning, best suit choice of “Off-Plan Sales” or “Post Completion Sales Plan”, “Build to Lease Plan”. Product pricing, payment plans, internal & external sales incentives.• Ensuring Corporate Branding through Project Marketing Plan.• I was active member of tender approval committee. • Ensuring cash availability through developer equity (own funding), bank project financing & off-plan sales payment terms.• Ensuring project team alignment to achieve project completion.• Ensuing smooth COMPLETED INVENTORY handover.• TAS system, RERA, Tarkhees & other authorities’ compliance.Annual Audits, Escrow Audits, Community RERA Reporting & Management.
  • Logfret, A Global Digital Logistics Company
    Chief Accountant
    Logfret, A Global Digital Logistics Company Dec 2007 - Sep 2009
    Dubai, United Arab Emirates
    The organization is a franchised company of M/s Logfret, an international logistics company, having franchised partners around the world. The company provides secure and competitive transportation by land, sea and air.RESPONSIBILITIESManagement of accounts department functions and liaison with other departments. Preparation of Half-Yearly and Annual Accounts. Co-ordination with external auditors to finalize the annual audit. Cash flow management through budget and forecast along with their monthly variance with actual exp.
  • Delta Shipping (Private) Limited
    Finance Manager
    Delta Shipping (Private) Limited Aug 2004 - Nov 2007
    Lahore, Punjab, Pakistan
    DELTA SHIPPING (PVT) LTD (A logistic partner of UASC in Pakistan) www.uasc.netFinance Manger Aug-2004 – Nov 2007The company is working as shipping agent of M/s United Arab Shipping Company (UASC) in Pakistan. UASC is one of the reputed ocean container-carrier in the world.
  • Zahur Cotton Mills Ltd
    General Accounting Manager
    Zahur Cotton Mills Ltd Nov 2000 - Jul 2004
    Lahore, Punjab, Pakistan
    The principal activity of the company is to manufacture textile products like yarn, grey cloth etc.https://zahurcotton.com

Ijaz Muhammad Education Details

Frequently Asked Questions about Ijaz Muhammad

What company does Ijaz Muhammad work for?

Ijaz Muhammad works for Lootah Holding

What is Ijaz Muhammad's role at the current company?

Ijaz Muhammad's current role is Finance Director at Lootah Holding.

What schools did Ijaz Muhammad attend?

Ijaz Muhammad attended The Institute Of Chartered Accountants Of Pakistan, University Of The Punjab, Lahore.

Who are Ijaz Muhammad's colleagues?

Ijaz Muhammad's colleagues are Mohamed Sabik, Sabir Khan, Aqil Ahmed Cc, Hash Sslhomes, Ümit Ecem, Mohammed Khalil, Mustafa Jassem.

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