Mohamed Mosbah, CMA

Rolman World FZCO is a leading market supplier of automotive and industrial spare parts and MRO services. The company is based in Dubai with offices across the Middle East, Africa, and Europe. Rolman World carries a comprehensive range of over 12 million products offered in 67 countries, with annual sales of over USD 150 million.

 Leading and managing a team of 50+ Accountants & financial experts in the company's headquarter and 22 overseas branches including recruiting, training, development and assessment.
 Oversees accounting activities across the group and develops the financial policies and procedures in the headquarter and branches
 Prepare the financial statements for the headquarter as well as the consolidated financial statements for the whole group and present it to the Board of Directors and the banking investors.
 Tracking and monitoring the performance of 22 branches to ensure they are in line with the company’s goals, plans and policy.
 Managing effectively the company's banking credit Facilities of USD 55 million from 7 banks between short-term loans (working capital facility) and long-term finance including and not limited to TR loans, Letter of credits, Overdraft, LBD- Local Bill discounting, EBD- Export Bill Discounting, Invoice financing and mortgage loans ensuring the company’s requirements of funds for supporting the strategic plan and business operations are covered.
 processed the annual due diligence with all banks for the credit facilities renewal which resulted in successful renewal of over 60 credit facility contracts with different banks during my career continued for 11 years.
 Provide financial guidance to the leadership team of department managers, division managers and international branches managers through financial metrics, capital investment, economic analysis, products analysis, and cost analysis.
 Oversee and lead the annual budgeting and planning process in conjunction with CEO and department managers.
 Managing effectively the relationship with all external partners including banks, suppliers and customers.
 Develops KPI's and various financial reporting analysis, forecasts and budgets to monitor and evaluate the company, divisions, branches and managers performance.
 Managing over 12 million industrial and automotive stock items with value of $40 million, ensuring the availability of stock while reducing the carrying cost, resulted in improving the inventory turnover ratio to reach 1.8 in 2020 better than the old ratio of 1.4 and above the market ratio of 1.5

 Deeply knowledge of various foreign exchange tools, generating on average of $100k annual Profit from funds hedging and FOREX tools.
 Leading the negotiations with the new suppliers and manufacturers from different cultures; (Japanese, European, Americans, Chinese and Asians) resulting in adding over 20 worldwide leading suppliers & Manufacturers.
 Spearhead the process of achieving the company’s strategic goal of expanding in new international branches through conducting a country analysis to identify the suitable market entry strategy to minimize the investment risk and maximize ROI, resulted in opining over 10 new branches in Middle east, Africa and UK, generating an average annual return on investment from new branches of $2 million represent ROI of 18%.
 Conducting a detailed and very complex industrial market analysis to understand the current and future market trends.
 Design and implement new Oracle ERP software from scratch in order to centrally monitoring and controlling the operations of all overseas branches from the headquarter.
 Liaising with External auditor to ensure annual monitoring is carried out accurate and effectively.

§ Fully responsible for many projects toward the achievement of company’s long-term strategy.

§ Oversee the operations and development of the company’s finance departments including creating and reviewing policies, budgeting, recruiting, training and conducting regular assessments of financial procedures

§ Managing effectively the banking relationship which increased the number of banks investing into the company from just 3 banks in 2011 to 7 banks and increased the credit facility line from USD 15 million in 2011 to USD 55 million which was necessary to financially supporting the company’s expansion in new products, new business divisions and new branches which impacted positively the company’s financial position and led to leverage the company’s net worth from USD 26 million in 2010 to 65 million in 2022.

§ Prepare and present Annual Operating Plan as well as the 5 Years Strategic Plan.

§ Prepare budget activities and time tables, liaises with department’s heads to consolidate annual budget proposal for the group.

§ Producing financial reports related to budgets, account payables, account receivables, expenses etc.

§ Supervise the preparation of quarterly and annual account reconciliations, monitor and enforce compliance with tax and financial reporting standards and assist with cash flow forecasting.

§ Create the Finance department structure & handbook identifying each employee tasks and job description.

§ Advise colleagues and executive management on decisions related to the company’s finances.

§ Ensure all bank transactions are complied with international regulations and sanctions programs to maintain a safe and long-term relation with banks.

§ Analyzing the market trends and competitors performance to generate and understand the company’s SWOT analysis.

§ Reclassifying the company’s chart of accounts to comply with IFRS (International Financial Reporting Standards).

§ Evaluate and renegotiate the credit facilities with existing banks.

§ Prepare the In-house financial reports and ensure timely and accurate monthly, quarterly, year-end reporting.

§ Prepare the Break-Even Analysis for all branches

§ Create the ratio analysis report to evaluate the company’s performance such as Profitability, Liquidity, Efficiency, Activity and leverage

§ Create and design the products efficiency reports for 30+ brands to evaluate each brand’s profitability and its gross Margin contribution and the stock efficiency

§ Design the customer’s Credit terms and ensure they are in line with the company’s Cash Conversion Cycle

§ Improve the company’s Cash Conversion Cycle “CCC ratio” which measure the quality and effectiveness of a business' operations and management.

§ Reviews the company’s internal control procedures, Identify the weaknesses and control gaps, led in improving the quality of internal control system.

§ Conduct a complex analysis of the inventory items to identify the dead stock, the slow-moving and fast-moving items led to enhance the quality of the inventory and reduce the carrying cost by 20% in my first year.

§ Maintain a list of banking covenants as per the facilities sanction conditions and ensure the company’s financials are in line with them.

§ Review and approve all journal entries prepared by the staff, and manage month end closing activities.

• Record daily transactions in the general journal.
• prepare accurate and reliable financial reports on a monthly basis
• Assist in preparation of annual budgets and cash flow forecasts.
• preparing month end closing entries
• Carried out ledger maintenance and closing activities
• Prepare bank reconciliation statement.
• Preparing and issuing different types of L.Cs
• Participate with management in preparing master budget
• determine joint cost and allocate it to the products for costing and pricing decision
• Controlling the cost and provide recommendations to reduce it as possible.
• Analysis and evaluate overall company performance and reporting for variance.
• Design and implement a new accounting system from scratch using peach-tree accounting program.

• Preparing monthly Bank reconciliations
• Handling accounting transactions related to purchase, and petty cash
• Ensure revenues are received and expenditures are made in accordance with laws and regulations
• Preparing monthly closing Adjusting entries
• Processing payroll and incentives records
• Preparing monthly trail balance
• Assist auditors to carry out their tasks.