I'm Umer, a finance professional with over nine years of experience in finance and controls across top global FMCG companies. I currently work as a Business Finance Manager at IFFCO Group, a leading food and agri-business company with a topline of USD 220 million and operations across GCC, Asia and Africa. I'm responsible for the business and commercial finance of the flour and grains unit within the Agri division, supporting strategic decision-making and profit dial-up initiatives.As a Fellow Member of ACCA, I have a strong foundation in accounting and finance principles and practices. I have leveraged my expertise to evolve from an accountable accountant to a trusted business partner, contributing to the economic success of organizations by providing valuable insights, analysis, and reporting. I have also demonstrated my skills in change management, leading and facilitating service line expansion and SAP implementation projects. I'm passionate and curious about learning new things and enhancing my capabilities. Beyond work, I value quality time with my family.
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Business And Factory Finance ManagerIffco GroupDubai, Ae -
Business Finance ManagerIffco Group Nov 2023 - PresentUnited Arab EmiratesAs a seasoned Finance Manager, I spearheaded business and commercial finance operations for the Flour & Grains Unit within the Agri Division. With a robust topline of USD 220 million, our operations spanned across the GCC, Asia, and Africa.Key Responsibilities:Strategic Financial Leadership: I provided critical financial insights and guidance to drive sustainable growth and profitability.Team Leadership: I led a high-performing team of two professionals, overseeing planning, financial analysis, and factory operations.Profit Optimization: Leveraging my expertise, I initiated profit-enhancing strategies, including:Pricing Strategies: Analyzing market dynamics and implementing effective pricing models.Capital Expenditure (Capex): Evaluating investment opportunities and optimizing capital allocation.Inventory Management: Streamlining inventory processes to enhance liquidity and minimize costs.Balance Sheet Optimization: Ensuring efficient utilization of resources and managing working capital effectively.My collaborative approach, data-driven decision-making, and commitment to excellence contributed significantly to our unit’s success. -
Area Corporate Finance Manager & Gbs Service ExpansionBat Mar 2023 - Nov 2023Lahore, Punjab, PakistanManaging financial planning, analysis and reporting for North Africa Caucasus and Kazakhstan cluster.Acting as a finance business partner to Area Corporate Finance teams.Also managing delivery of service line expansion and SAP implementation projects.A team of 9 direct reports supports me win the day to day deliverables.Reporting to hub Senior Management and Cluster Finance Director -
Corporate Finance Manager (Fp&A)Bat Sep 2022 - Feb 2023Lahore, Punjab, PakistanLeading the shared services Corporate Finance (planning, analysis and reporting) function for Middle East, North Africa and South Asia cluster 12 amazing direct reports serving on different seniority, managing 30 markets across MESA&NA are my success enablers in this role.Acting as a people leader and supporting leadership teams based in Malaysia achieving change management, enhancing capabilities, and people development agenda.Work responsibilities include business partnering with different markets on target alignments, financial planning cycles, actuals reporting, simplification and standardization of process across markets, SAP implementation validation and Ad-hoc value-added support projects for end markets. -
Senior Manager Financial Planning And AnalysisNational Foods Limited Dec 2021 - Sep 2022Karāchi, Sindh, PakistanFinance value partner for Business Unit Condiments and Food Services. Part of BU LT, helping business strengthening bottom line and procedural controls.Managing a team of two direct subordinates. Key responsibilities:- Value partner, leading profit improvement initiatives worth PKR 1 Bio- Strategic financial planning and helping business teams to adjust to right directions- Strengthening financial acumen of dotted and directly connected teams- Helping senior business and finance leadership team with transformational journey -
Commercial Finance Manager - SouthNestlé Mar 2021 - Dec 2021Karāchi, Sindh, PakistanWorked as Commercial Finance Manager (Sales Controller) for Waters Business - South region. Lead the team of 8 Direct reports including Controls Specialists, Control Officers and Data Controllers.Key responsibilities Included:- Partnering with Business & Sales Teams on route to market evaluations and exploring new and more cost effective avenues- Managing Financials feasibilities of new & existing customers- Managing customer queries and operational handling- Leading for self distribution finance operations -
Business Analyst (Bu Food & Beverage)Nestlé Nov 2017 - Mar 2021Lahore, Punjab, PakistanSpearheaded monthly business planning cycle for NESTLE Juices, NESCAFE, MAGGIand Breakfast Cereals (PKR 20 bn c. USD 125mio) on progressing seniorities.Key responsibilities:-Interpret and evaluate monthly analyses of business trends, including budgetvariance of financial results and Key Performance Indicators to identify areas of riskand opportunities-Partner with the business to develop costing/profitability models and reports-Assess the impact of strategic financial decisions and provide recommendationsto leadershipAchievements:-Partnered with Innovation & Renovation team and helped business in launchingnew variants adding PKR 1.5 bn of revenue in 2019-Successfully managed financial feasibility of CAPEX projects worth PKR 500 mio-Collaborating with extended teams based in Dubai, managing Cereals business-Contributed towards the development of related teams on their Financial Acumen -
Accounting And Reporting SpecialistNestlé Nov 2015 - Oct 2017Lahore, Punjab, PakistanLead the End to End operational financial management and internal / external audits of HR department.Key Achievement:-Developed a loss tree analysis that helped HR controls team in identifying reworkand waste layers in the processes. As an outcome of this tool my team startedsaving 13 hours monthly which were invested in other improvement projects-Automated the manual processes leveraging my advanced excel and data analytics skills-Contributed in identifying the KPI's and developed a performance matrix to improve operational efficiencies -
Data AnalystNestlé Apr 2015 - Oct 2015Lahore, Punjab, PakistanMy role was to ensure that payroll records are in line with the details provided by the employees for their Pension, Provident Fund and Other benefits provided by the employer to them. Lead a team of 4, spread nation-wide on master data accuracy. Developed a control matrix for the organisation which helped in sustaining data input quality. Was also recognized by senior management on my efforts. -
Audit AssociateA.F. Ferguson & Co. (A Member Firm Of The Pwc Network) Jul 2014 - Mar 2015Lahore, PakistanI got the fortune of working at A.F Ferguson & Co. ( A member Firm of PricewaterhouseCoopers Network). Where i worked as a junior member of External Audit team. During this time i got the opportunity to assist the audit team in:>Analyzing the financial data. >Covering Expenses, Share Capital and Cash at Bank area during the audit.>Inquiring the clients about Variances in Financial records. >Documenting the Control Deficiencies.Exposure includes the following clients:>Coca Cola Beverages Limited.>Mitchell's Fruit Farm. >Haidri Beverages Ltd, Pepsi Co. -
Teaching AssistantThe Professionals Academy Of Commerce Aug 2013 - Feb 2014LahoreWorked as Teacher’s assistant for 7 months at a leading accountancy institute.
Umer Farooq Education Details
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Advanced Level -
Accounting And Finance -
Business Administration And Management, General -
Cathedral High School Hall Road LahoreA -
Completed
Frequently Asked Questions about Umer Farooq
What company does Umer Farooq work for?
Umer Farooq works for Iffco Group
What is Umer Farooq's role at the current company?
Umer Farooq's current role is Business and Factory Finance Manager.
What schools did Umer Farooq attend?
Umer Farooq attended Institute Of Chartered Accountants In England And Wales, Acca, Oxford Brookes University, Harvard Business School Online, Government College University (Gcu), Lahore, Cathedral High School Hall Road Lahore, Cpa Australia.
Who are Umer Farooq's colleagues?
Umer Farooq's colleagues are Yusuf Khatri, Navneet Gupta, Shohel Rana, Aqeel Khan, Halima Ahmad, Mustafa Khan, Zahir Shamshad.
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Umer Farooq
X-Kpmg | Entrepreneur | Cfo | Fintech | Web 3.0 Banking | Partnerships | Startup Advisor | Business StrategistDubai, United Arab Emirates -
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Umer Farooq
United Arab Emirates -
Umer Farooq
Vice President Strategic Development @ Yellow Door Energy | Commercial Development, Renewables & Infrastructure InvestmentsDubai, United Arab Emirates -
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