Farooq Umar

Background

About Farooq Umar

ACCA and CIMA qualified professional with 12+ years of experience including 4 years in Big 4- Lead finance function for gulf region, assisted in financial modelling and financial close of extended care delivery model in Saudi arabia, as well as financial modelling and financial closure of Saudi Arabia Medical cities projects in Abha and Skaka -In Chalhoub group as senior financial accountant led major transformation of AR and AP department. Assisted in reduction of aged transaction for 56 companies in UAE & KSA by AED 32 Million, automation of Inter company service billing which reduced work force by 8%, implementation of IFRS 09,15 and 16 on group wise operations, while handling management accounts of 3 entities- In Shifa International Hospitals, initiated process efficiency and cost rationalization program, analyzed and implemented ABC costing which reduced cost by $250k per annum, credit management to reduce debtor days and improve working capital, prepared feasibility report and participated in successful JV with Tanzania hospital- Areas of expertise include- Financial Reporting - Financial analysis - Financial Modeling - Project Feasibilities - ERP Implementation - Budgeting & Variance Analysis - Investment Appraisal - Financial Management - Process Assessment - Leadership - Team Building - Negotiation / Vendor contact