Sami Nasrat Allah Murad Al Balushi
Al Seeb
Summary
Goal-orientated Finance and Corporate Treasury manger, bringing 12+ years of experience. Communicating effectively and working tirelessly to achieve impeccable quality standards and results. Expertly skilled in Finance and treasury, well-versed in high-pressure, deadline-driven, target-focused environments. Strong communication skills, Leadership skills and Keep learning. Management accounts reports Finance strategy Liquidity management Statutory accounts preparation
Overview
13
13
years of professional experience
Work History
Finance Manager
Oman Sales and Service ( Muscat Duty Free)
AL Seeb
12.2023 - Current
- Prepared financial documents such as budgets, forecasts and reports.
- Reviewed and analyzed budget variances to ensure accuracy of financial information.
- Monitored cash flow to ensure sufficient liquidity.
- Analyzed complex financial data and generated meaningful reports for senior management.
- Identified opportunities for cost savings through process improvements and automation initiatives.
- Collaborated with external auditors during annual audits to ensure accuracy of financial statements.
- Maintained accounts payable and receivable records ensuring timely payments are made.
- Analyzed actual financial results vs budget to prepare variance reporting to functional groups.
Finance Manager
Habib Bank Limited - Country Office
Al Khuwair
12.2020 - 05.2023
- Coordination with Auditor, Liaison with external and internal Auditors, Regulators including Tax Consults, Central Bank of Oman for Audit and examinations to ensure timely submission of accurate information and their requisite queries are satisfied Financial Reporting.
- Help in preparing of Financial Statements and MDRS of the bank in accordance with IFRS/IAS and regulatory requirements, Central bank Submissions.
- Helping in Reviewing of all Returns for central bank, Budgeting, assisting in preparation of Annual Budgets of the bank as per guidelines and in this regard interact the business and other units,
- Taxation assisting and ensure compliance with applicable tax regulations initiates and execute measures to implements changes in theses, Financial Analysis, Taxation, asset management and expense processing and Monitoring,
- Reduced processing time of VAT returns submissions and improved accuracy through outstanding leadership and planning skills,
- Led finance meetings with company stakeholders, outlining investment and finance strategy to meet rigid stakeholder targets.
Treasury Supervisor
Muscat Finance SAOG
07.2014 - 11.2020
- Responsible for balance sheet funding and liquidity management in line with the business projections.
- Cash forecasting, supervising the process of the cash flow,
- Conduct monthly review of cash forecasts.
- Coaching and training the broader finance team on cash flow forecasting while tracking, reporting and challenging accuracy for improvement.
- Optimizing interest costs, negotiating terms and maintaining liaison with local commercial banks/offshore banks, sourcing of deposits and raising funds through debts/equity instruments.
- Reduce Interest cost through active liquidity management, Scoping for various alternative funding avenues with a view to lower the cost and increasing diversification.
- Maintaining adequate mix of long term to short term borrowing, managing interest rate and Foreign Exchange risk.
- Bank Account Management, supervise the renewal of bank mandates and cash management related agreements on a frequent basis.
- Ensure that treasury processes are in place to support ongoing operations in a controlled way in line with treasury policy and delegation of authority.
- Supervision and control of day-to-day treasury operation and management and ensure that Company meets all its financial obligations in a timely manner.
- Monitoring interest rate position and maturity gap management, and actively driving ALCO with respect to the company's Asset Liability Management, Liquidity, Interest rate risk and Asset pricing.
- Financial Planning - ability to model and stress-test various scenarios, Estimating the interest cost impact on the Company and providing necessary inputs for annual budgets and future projections.
- Supervise the process of Bond lines utilization for cost improvement and engage with the legal entities and clusters to 'clean' legacy issues while identifying areas of Improvement, Raising Corporate Deposits in line the regulator's guidelines.
- Develop and enhance group Treasury's reporting and analytic capabilities, Review and analyze the Monthly Treasury Report, Quarterly Financial Report and Collections Report.
- Engaging with international rating agent for periodical Credit rating review.
Salary Officer
Bank Muscat SAOG
Sultanate of Oman
01.2011 - 06.2014
- Receiving salaries instruction from the branches and companies as Salary Controller in the department, distributing the department work to the processers, solving customers and branches issues, preparing the statement for the salary account within my department, Worked in branch control department, tasks include modifying the customer's personnel information as requested by the CBO or branches, Following instruction received by CBO or court to block/release fund or to close account of any customer generating BCSB reports for customers, Worked in the Account Opening department as Team leader, Job includes opening account for bank Muscat customers from all categories, and preparing all document required by the system and bank Policy.
Education
Bachelor of Arts - Accounting And Finance
University of Sterling
Muscat College 02-2012
Skills
- Financial Reports
- Analyzing Finances
- Relationship Management
- Staff Leadership And Development
- Audit Coordination
- Cash Reconciliation
- Payment Coordination
- Accounting Principles
- Cash Flow Management
- Regulatory Compliance
- Verbal And Written Communication
- Accounting Management
- Lender Negotiation
Timeline
Finance Manager
Oman Sales and Service ( Muscat Duty Free)
12.2023 - Current
Finance Manager
Habib Bank Limited - Country Office
12.2020 - 05.2023
Treasury Supervisor
Muscat Finance SAOG
07.2014 - 11.2020
Salary Officer
Bank Muscat SAOG
01.2011 - 06.2014
Bachelor of Arts - Accounting And Finance
University of Sterling
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