As a dynamic Finance Manager and Senior Financial Analyst, I specialize in financial planning and analysis within the FMCG and fast food sectors. My journey in finance has been marked by a passion for optimizing business processes, enhancing cash flow management, and ensuring compliance with international standards like IFRS.At Gulf Brand Fast Food, I had the privilege of leading a finance team that grew from 2 to 7 members, cultivating a high-performing environment that drove substantial business growth. One of my proudest accomplishments was conceptualizing comprehensive 10-year business plans, which strategically positioned our company for expansion into new markets. By implementing key operational policies, I not only accelerated our monthly closing process by 10 days but also enhanced cash flow stability, reducing fraud and theft by 15%.My earlier role at Dukan Retailing Company reinforced my commitment to financial accuracy. I achieved 100% vendor reconciliation and optimized our financial operations, which improved our cash flow cycle. I successfully transitioned financial records from SOCPA to IFRS, a project that strengthened our reporting capabilities and compliance.With a Bachelor's degree in Applied Accounting and certifications from ACCA, I continuously seek opportunities for professional growth. I am always open to connecting with like-minded professionals who are passionate about financial excellence and innovation.If you're interested in discussing industry trends, sharing insights, or exploring potential collaborations, feel free to connect with me! Let’s leverage our networks for mutual growth.
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Director Of FinanceMinibins.ComDelta, Bc, Ca -
Finance ManagerGbff Jun 2024 - Aug 2024As the Finance Manager at Gulf Brand Fast Food, I oversaw financial operations across multiple countries in the GCC. My focus was on aligning our budgeting processes with actual performance through robust communication with various departments. This collaborative approach allowed us to navigate challenges effectively and make informed decisions.In my role, I developed and executed cash flow forecasts crucial in meeting our operational needs. By overseeing working capital for strategic investments, I ensured we were well-positioned for growth. I also established inventory management systems that maintained operational integrity and deterred unethical practices—something I’m particularly proud of.One of my core responsibilities was to lead and nurture our finance team. I fostered a culture of mentorship and teamwork, encouraging my colleagues to grow and excel in their roles. As a result, we implemented key operational policies that significantly enhanced our cash management processes and streamlined financial reporting. This experience has enriched my leadership skills and reinforced my commitment to driving financial excellence.Some key achievements in this role include:• Accelerated the monthly closing process by 10 days, enhanced cash flow stability through a cash reconciliation policy that reduced fraud and theft by 15%, and decreased errors in overtime calculations by 20% with a new attendance system.• Strengthened financial performance by providing insights on low-performing branches, resulting in a 7% increase in store-level EBITDA, while achieving a 5% reduction in bank charges and a 14% decrease in aggregator fees through effective negotiations.• Conceptualized comprehensive 10-year business plans for four new countries, enabling strategic expansion and market penetration.• Revamped budgeting processes to lower overall expenses, thereby improving business profitability -
Assistant Manager FinanceGbff Apr 2022 - Jun 2024Riyadh, Saudi ArabiaPreparation & Analysis for Financial statements.Preparation of Budget.Preparation of Business modelsYearly AuditIntroduction & Implementataion of new store controls in order to strengthen the processes.AP ManagementFA ReconciliationAR ManagementBalance Sheet Scedules. -
Senior AccountantDukan Retailing Company Aug 2016 - Apr 2022Jeddah Governorate, Saudi ArabiaAs a Senior Accountant at Dukan Retailing Company, I had the rewarding opportunity to manage financial operations within a European-run, Saudi-owned retail chain. My primary focus was on payroll, accounts payable, reconciliations, and the preparation of financial statements, all essential to maintaining our financial health.Collaborating closely with various teams, I ensured our processes adhered to international accounting standards. This was particularly crucial as we facilitated the transition of our financial records from SOCPA to IFRS, a significant milestone for our organization. As a result, we not only enhanced our compliance but also improved overall financial transparency.I also developed and managed month-end closing processes, including provisions, accruals, prepayments, and fixed asset accounting. This meticulous attention to detail helped us close each month with confidence. Additionally, I led the integration of the IFRS 16 module in Microsoft Dynamics, ensuring the accurate maintenance of lease asset records and calculating lease depreciation and interest. This initiative further strengthened our financial reporting capabilities.Overall, my time at Dukan Retailing Company was marked by significant achievements that advanced my expertise in accounting and contributed to the organization’s success.Some key achievements in this role include:• Boosted vendor reconciliation processes, achieving 100% accuracy, resulting in a reduction of accounts payable days and enhancing the cash flow cycle by 10 days.• Championed the deployment of the IFRS 16 module in Microsoft Dynamics, which improved the efficiency of processing lease asset acquisitions, depreciation, and interest by 30%.• Optimized month-end closing tasks by enhancing general ledger management, ensuring timely and precise financial reporting.• Strengthened adherence to international accounting standards, effectively addressing potential discrepancies in financial reporting. -
AccountantDukan Retailing Company Aug 2015 - Aug 2016 -
AccountantIt Interactive Software Llc. (Acadox) Mar 2013 - May 2015In my role as an Accountant at Acadox, I had the exciting challenge of establishing a fully functioning accounting department for a dynamic software development startup. This involved collaborating closely with stakeholders to prepare financial statements that met compliance standards, ensuring our financial reporting was both accurate and reliable.One of my key responsibilities was directing the annual audit process with Ernst & Young (EY). This experience taught me the importance of efficient management when it comes to documentation and communications, and I took pride in facilitating a smooth audit that exceeded expectations.Additionally, I managed our yearly budget, focusing on avoiding unnecessary expenses while maintaining financial health. I actively participated in investor meetings, where I addressed inquiries about our financial performance and forecasts. This role not only honed my accounting skills but also sharpened my ability to communicate complex financial concepts to diverse audiences.Overall, my time at Acadox was marked by significant contributions that laid a strong financial foundation for the company and positioned us for future growth.Some key achievements in this role include:• Championed the introduction of a full ERP system from the ground up, ensuring departmental accuracy and efficiency.• Facilitated the annual audit process, resulting in unqualified audit reports that confirmed financial compliance.• Streamlined financial operations through the implementation of comprehensive systems that enhanced overall management. -
Accounts And AdministrationAl Jawal Establishment Nov 2011 - Feb 2013
Mahir Mustafa Skills
Mahir Mustafa Education Details
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Accounting And Finance -
Pakistan International School, JeddahAccounting And Finance
Frequently Asked Questions about Mahir Mustafa
What company does Mahir Mustafa work for?
Mahir Mustafa works for Minibins.com
What is Mahir Mustafa's role at the current company?
Mahir Mustafa's current role is Director of Finance.
What schools did Mahir Mustafa attend?
Mahir Mustafa attended Oxford Brookes University, Pakistan International School, Jeddah.
What skills is Mahir Mustafa known for?
Mahir Mustafa has skills like Microsoft Office, General Ledger, Teamwork, Fixed Assets, Account Reconciliation, Accounts Payable, Accounts Receivable, Financial Reporting, Financial Accounting, Accruals, Analysis, Bank Reconciliation.
Who are Mahir Mustafa's colleagues?
Mahir Mustafa's colleagues are Richard Marty, Grant Hankins, Ruslan Borysenko, Mba, Kate Strelitz, Tamara Poersch, Danielle Campbell, Jim Yeo.
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mahir HAMAD
Consultant Physicianhonorary Lecturer Associate Dean, Northern Deanery James Cook University Hospital Middlesbrough Ts4 3BwMiddlesbrough1hotmail.co.uk -
1stees.nhs.uk
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