Rakan Sabbagh, Cpa, Mais Email & Phone Number

Abu Dhabi, United Arab Emirates

Abu Dhabi, Abu Dhabi, United Arab Emirates

Leading the COVID-19 Crises management team, and promptly creating action plans, that are successfully steering the group safely through the Pandemic. Restructured long term loans with various banks making sure cash from operations is sufficient to cover the restructured loans Playing an integral role in the growth of the company by translating the Group’s vision into the an overall 5 years strategic plans and KPIs and annual budgets.Established strategic vision for the trade payable initiatives and aligned it with the strategic vision of the company. Negotiated/rescheduled long overdue trade payables of 50+ suppliers over a 24 months period without impacting production and secured a major discount. Re-negotiated payments terms of strategic suppliers of raw materials from advance payment to open credit 90 days Continually developing and refining improvements to the collection process, whereby I was able to recover a major amount of old provisioned AR and shortened the collection period from 90 to 60 days.Serving as a value-added business partner interacting and providing financial planning & decision support tools to various business stakeholdersLeading a team of 19 finance professional from different nationalitiesLed the successful implementation of EPICOR ERP across the group

United Arab Emirates

Led the successful – “SAP Hana” implementation across the group Orchestrated the transformation – of the finance department from a back-office department into a business partner department.VAT champion – lead the assessment and implementation project of VAT for the entire group.Headed procurement optimization program, resulting in saving multi-million dollars thru commercial negotiations.Led a team of 15 finance professional from different nationalities, provided leadership through a combination of empowerment and coaching with the objective of elevating team performance.Championed production and delivery of intrinsic Group’s 5 years strategic plan, including but not exclusive to, profit, KPIs, annual budget, capital, solvency and financial analysis.

Uae - Abu Dhabi

Accomplishments:Propelled net profits by 10% thru changing depreciation method from straight line to Machine working hours.Provided savings in insurance cost to the tune of 57%.Handled HR functions for almost one year.Aided to transform and scale the NSCC accounting team of 25 to ensure it is truly revolutionary and globally aligned.Key Responsibilities:Commanded Financial & Accounting functions within UAE and all other regions - KSA, Oman, Egypt, Lebanon, Bahrain, Kuwait and Qatar. Drove financial efficiency throughout the project life cycle, ensured costs are captured accurately, revenue recognized/calculated properly according to the Percentage of Completion method as defined in IAS 11 Supervised year-end audit preparation and deadline management. Handled tax filing for all regions, dealing directly with tax consultant for regional offices.Implementing best-practices in cash flow management and treasury management. Ensured availability of cash to meet short- and long-term obligations, negotiated fixed deposits rates & interest swap deals, securing funded and non-funded facilities from reputable banks.

Made sure all Amman Stock Exchange regulations and reporting requirements were metBuilt/ developed best practices in all policies and processes, accelerated continuous improvement efforts while ensuring internal controls and compliance requirements are met.

Qatar

Bestowed with Team Work Excellence Award: for superb coordination and team work spirit administered during SAP- OPCO Implementation project - 2006Set-up accounting structure in SAP–JVA module for operations phase of QG2- a project worth $15, with 2 mega production trains each having different shareholders & SPAs Handled accounting of the capital lease of QG2’s 14 mega LNG ships.Delivered a world-class accounting and reporting function for Qatargas3 (QG3) and Qatargas4 (QG4) project. Joint Ventures each valued $ 7.5 Billion Project.

Qatar

Audited different industrial, commercial and financial companies

Leading Stronger Program

Activities and Societies: Building Alliances, Collaboration, Strategic Thinking.

Master Of Accountancy & Information Systems, Accounting And Computer Science, 3.3

Bachelor'S Of Science, Accounting, 3.62

Activities and Societies: Dean's Honor List