Ibrahim Elgaml, CPA,CMA, FMVA, CFC, CertIFR

• Lead the FAAS operation of Qatar office across all sectors:

- Government

- Energy & Resources

- Technology, Media, and Telecommunications

- Consumer Products & Retail

- Real estate, Hospitality & Construction

• Led various projects including “Finance Transformation, Financial accounts reconciliation and cleansing, Subsidy agreement between government entities and MoF, Developing and updating policies and procedures, Internal control financial reporting, spending efficiency, Tariff benchmark, CFO financial dashboard, budget automation, IFRS training, developing costing policies, .etc.”.
• Led the Finance Transformation Programs including developing future state finance organization structure, developing finance policies and procedures and defining delegation of authority matrix for various ministries and public entities.
• Led various projects for revenue assurance, credit rating, cost optimization, budget transformation and service charges benchmark.
• Led a project with MoF for a GCC country to develop their national asset register framework, policies and procedures, organizational framework, tagging and reconciliation till developing the final asset register.
• Experienced of leading the design and implementation of leading finance technologies (ERP & EPM systems, RPA, AI).
• Finance and business services operating model transformation (service and interaction models, organization design process change, shared services, sourcing etc.) from strategy and assess through to implementation.
• Driving value from technology to enable operating model transformation (Treasury Management Systems, Robotics Process Automation and AI, Consolidation and Reporting and Data Models) covering all elements from assessment and selection, architecture design through to systems and business integrator implementation.
• Led the execution of digital transformation projects for leading industry players in the Middle East including automating, visualizing and transforming their reporting function.
• Creating and managing good independent relationships with client’s senior management.
• Lead preparation of high quality proposals including understanding of market and competition and negotiation of the fees / entry strategy. Lead more complex pursuits on a national level and assist in closing successful deals.
• Participates in building brand of the firm / service-line by participating in seminars, meetings or conferences organized by professional bodies / trade associations.
• Develop long-term relationships and networks both internally and externally.
• Provide perspective to clients on trends and emerging accounting advisory practices in the local and global market in relation to client’s operations.
• Participate in becoming a Trusted Business Advisor.
• Provide real-time practical recommendations to add value to the clients business and improve the internal control environment through Management Letters.
• Effective engagement management from client setup to engagement closure including progressive billing and timely collection to minimize combined investment.
• Ability to explain complex accounting and financial reporting issues simply.
• Advisory mind-set, ability to develop solutions for the client with support from technical subject matter experts.

Have a deep knowledge and experience of multiple data analytics and visualize tools (i.e. Alteryx, Power BI, Tableau,..etc.);

Led the execution of digital transformation projects for leading industry players in the Middle East; and

Automate, visualize and transform the reporting function for various clients, with a major enhancement to the engagement margins and quality.

Delivered high value solutions, from strategy to execution, solved complex business problems through technology enablement;

Led 15+ secondees integrated within the Finance and Customer Services departments "Budget, Costing, Billing, AR, AP, GL, Treasury, PPE, Meter Reading,....etc" at Kahramaa (sole transmission and distribution system owner and operator for the electricity and water sector in Qatar);

Be Kahramaa’s CFO advisor for +8 years, developed and led the Finance Transformation Program with major deliverables ( A1 credit rating with Moody’s, financing restructure, a signed subsidy agreement with Ministry of Finance, tariff benchmarking and enhancement model, costing policy, connection fees restructure, billing and collection policies, automated monthly reports, CEO and CFO dashboards, KPIs development, ICoFR, ..etc.);

Led the preparation of presentations and reports submitted to Kahramaa’s Financial Sustainability Steering Committee “Chaired by the Prime Minister with 6 key ministers as committee members” using my deep knowledge of Kahramaa and my strong Arabic writing skills;

Representing Kahramaa Finance department on various projects and committees (controlling and reducing electricity and water losses, capital expenditure optimization, reduce the per capita consumption, IPPs governance and negotiation process, AMI, strategy implementation, monthly and quarterly corporate performance presentations and reports, enhancing the customer experience assessment and implementation projects, electric vehicles charging tariff schemes and setting, .…etc.);
Global relationship director for a global client (Muntajat- part of Qatar Petroleum group) from inception till date, to establish marketing offices in different 20+ counties all over the world through PwC global network covering the services of tax registration, tax compliance, bookkeeping, payroll and consolidations services;
Led various accounting and insourcing engagements (Google, United Development Company, Fendi, Qatar Investment Authority, Qatari Diar, ..etc.)
Led the accounting services practice in Qatar and support senior managers and below on driving the growth of the business, through involvement in targeting opportunities, building internal / external networks and identifying opportunities to help clients;
Driving value from technology to enable operating model transformation (Robotics Process Automation and AI, Consolidation and Reporting, Data Models) to scale efficiencies, optimize costs and identify new ways of working across multiple projects and environments;

Built strong networks within the firm to spot and capitalize on opportunities to get involved in projects that others are leading across a number of different business units and sectors;
Managed and delivered on large projects by developing the project team, assessing engagement risks throughout, driving conclusions, and reviewing / challenging the output produced by the team;
Achieving business insight and achieving business growth; and

Managing the engagements, financials, review reports and proposals before submission.

Delivered CPA and CMA courses on free time at different places

Conducted financial feasibility studies, company valuations and due diligence, with major tasks that include:- Forecasted future financial statements;

Analyzed financial data using charts, ratio, and scenarios analyses;

Built solid assumptions for Income Statement and Financial Position items for financial planning; Evaluated projects and performing feasibility studies through NPV and IRR;

Valued corporations through DCF method;

Performed valuation analyses including comparable trading and transaction multiples, discounted cash flow, accretion/dilution analysis and multiple merger scenarios;

Prepared complex financial models for companies across various sectors including manufacturing, retailer , real estate and services companies;

Acted as principal liaison during due diligence process with advisors (legal, financial & technical); Conducted an in depth analysis of financial statements and forecast coming results and performance; and Participated in the development of financial strategies, policies, objectives and plans for clients.

Timely and accurate preparation, consolidation and presentation of weekly and monthly financial statements and reports;

Supervised my team on following upon rebates, marketing receivable claims, price protection, monthly bank statement, bank reconciliation, general ledger and other daily operations;

Directed and reviewed preparation of monthly management accounts (Profit and Loss/ Balance Sheet) Reconciliation of balance sheet schedules;

Reviewed the monthly analyses of AR, revenue trends along with its justifications, AR turnover, days on hand, cash management reports, and collection efficiency;

Was responsible for financial reports which are provided to Board of directors and holding company;

Directed and reviewed the analysis and interpretation of financial information for use in management decision making;

Participation in low cost approach in the business to ensure optimization;

Participated in the development of financial strategies, policies, objectives and plans;

Confirmed that GL schedules are prepared on a monthly basis and all old items are cleared;

Adhered to strict reporting deadlines and company policy and procedures; and

Liaised with external and internal auditors.

Main Achievements:-

Recommended improvement of management controls designed to safeguard Group resources; reviews policies and procedures for their adequacy to accomplish intended objectives;

Managed a team of 12 employees “Permanent, Temp” in the process of implementing the new billing system “Siebel -Oracle” from finance side;

Designed my own excel sheets and diagrams-to be used by my team and other teams- which created value add to the financial planning processes and analysis along with reducing time consumed in it;

Gave a lot of ideas and recommendations which leads to cost saving, deferring cash outflow and accelerating of cash inflow in purchasing methods, Suppliers contracts , customers contracts and bank relationship;

Designed access databases along with complicated queries which is resulted in a lot of customized financial reports with high efficiency, time saving, and cost saving; and

Took an active role in ERP Oracle implementation process.

Supervised auditing of establishments, and determines scope of investigation required;

Reviewed the financial statements after preparation by the accounting staff and prior to submission for the External Auditors through applying the Analytical procedures and the required Test of details;

Ensured control for all audit projects conducted;

Examined the effectiveness of corporate and operating management in their stewardship of company resources and their compliance with established policies and procedures;

Reviewed Payment, Checks, bank transfers, and memos;

Safeguarded assets by evaluating systems and processes to ensure compliance with policies/procedures;

Liaised with external and internal auditors;

Ensured full utilization of credit terms and limits with the suppliers to ensure healthy cash flow;

Reported findings to the management, made improvements in operations and reductions in costs; and

Reviewed and supervised the day-to-day work of staff members and improved productivity.

Main Achievements:-

Designed, implemented and reviewed internal control structures, resulted in lot of corrective actions of unsatisfactory conditions and duties.

Recommended improvement of management controls designed to safeguard Group resources; reviews policies and procedures for their adequacy to accomplish intended objectives.

Designed access databases along with complicated Queries which is resulted in validating, analysis and correction data with high efficiency, time saving, and cost saving.

Participated in ERP Oracle implementation process and lead the I Expense module implementation.

Reviewed and audited firms’ books and income tax authority supported documents in order to calculate taxable income and tax amount according to accounting standards, income tax law and my judgment;

Reviewed and audited firms’ sales and purchases invoices and other supported documents and the same for Sales tax authority in order to calculate the due amount according to accounting standards, sales tax law and my judgment;

Reviewed and investigated all employees’ claims against their companies in order to figure and calculate the due amount according to the labor law, the company policy and my judgment;

Investigated all claims between companies to calculate the due amount according to the supported documents, civil law, accounting standards and my judgment;

Investigated all claims between Governmental sectors to calculate the due amount and the responsibilities according to the supported documents, civil law, policies and my judgment; and

Evaluated the heritance amount, prepare its financial statements and calculate the share of every inheritor by using my judgment and any assistant professional if needed.

Main Achievements:-

Got extensive knowledge of Civil law, Sales tax law, Income tax law, Accounting standards, Labor law;

Be familiar with governmental sectors, policies, hierarchy, culture, knowledge, communication methods, decision making process, etc; and

Be familiar with companies accounting systems, structure, knowledge, decision making process, etc.

Reviewed the billing calculation and supervise following up with contractors and suppliers;

Reconciled all intercompany balances across locations;

Reviewed reconciliations of the various business cycles to ensure completeness of accounting records & correctness of financial statements;

Ensured full utilization of credit terms and limits with the suppliers to ensure healthy cash flow;

Participated in budget process with operations to ensure financial information's are reasonably estimated;

Participation in low cost approach in the business to ensure optimization;

Reviewed the payments, fixed assets, provisions and accruals to ensure correctness and high level of estimation;

Reviewed checks and funds transfer and any cash payment;

Adhered to strict reporting deadlines and company policy and procedures;

Liaised with external and internal auditors; and

Created costing analyses for the costing behavior on the company scale.

Main Achievements:-

Led successful negotiation with different banks result to decrease commission expense and cost saving.

Designed access databases along with complicated queries which is resulted in a lot of customized financial reports with high efficiency, time saving, and cost saving.