ALAIN TAYEH


Male: 40 years - Position: Chief Financial Officer - United Arab Emirates – Dubai. C+971565552240 | [email protected] - Nationality: Lebanese

Executive Profile

Creative Chief Financial Officer & advisor providing financial planning strategies for companies operating in different industries through assessing each one present and future financial needs, objectives and requirements.

My main objective is to develop and grow profitability within large and complex companies. Advise and consult companies to maximize their service usage and investment opportunities.

Skills Highlights

• Strategic and financial planning expert
• Accurate forecasting

• Financial reporting expert: IFRS, GAAP

• Accounting systems assessment
• Cost accounting
• Excellent time management skills
• Staff leadership and development
• Business performance improvement
• Goal-oriented

Core Accomplishments

Created strategies to develop and expand existing company sales, resulting huge increase in annual sales.

Led the development of new financial reporting methods to measure productivity and efficiency for every company operating in different industries.
Increased cost-effectiveness through compliance enforcement and implementation of a new quality control system from operation to cost accounting to accurate financial reporting

Professional Experience

Chief Financial Officer – Operation Manager April 2015 to Present
Cartel Manufacturing Co. LLC
C&B Building Materials Trading Co. LLC
Dubai

1- Planning:

• Assist in formulating both companies future direction and create new tactical scenarios that will enable both companies adept our market situation in terms of demand and financial performance.
• Develop new financial strategies, restructuring the accounting department in terms of staff and IT, delegate responsibilities to achieve all financial analysis reporting and cost analysis requirements to enable us to identify the real strengths and weaknesses in our manufacturing process.
• Manage in fully the capital request and budgeting processes.

2- Operations:

• Participate in key decisions as a member of the executive management team, impose and expose all financial decisions through my analytics to improve the running operation.
• Manage the accounting, human resources, investor relations, IT and legal (outsourced ) and create electronic system between all mentioned departments for better operational control.
• Managed all third parties function we outsourced for specific tasks locally and internationally.
• Oversee the companies’ transaction processing systems and implement best operational practices to maximize our capacity in production delivery and payment collection strategy.
• Oversee employee benefit plans, with particular emphasis on maximizing a cost effective benefits package.

3- Risk Management:

• Understand and mitigate key elements of the companies’ risk profile
• Monitor all open legal issues involving both companies; knowing that I am entitled of a power of attorney to take legal actions in different legal sectors except for law cases already taken into court.
• Maintain appropriate insurance coverage for our warehouses, stocks and banking facilities…
• Ensure that both companies’ complies with all legal and regulatory requirements imposed by the government.
• Assist and ensure that all accounting records meets the requirements of auditors and government agencies
• Maintain relation with all third parties; suppliers and clients and try to keep supply versus demand stable according to the needs of our clients.

4- Funding:

• Monitor Cash balances and cash forecasts
• Arrange proper facilities for companies’ liabilities and debt repayments.

• Handling all banking negotiations for new queries, requirements and try to ease our cash flow for better financing operation.

Financial Advisor - Regional Manager Nov 2012 to Apr 2015
Compex Group

Lebanon – Dubai - Erbil

Responsible for developing, enhancing financial strategies and operations through: •Understanding business industry of a company.
•Analyzing basic and accounting principles, practices adopted.
•Using logic and reasoning to identify the strengths and weaknesses, provide alternative solutions, conclusions to problems.

•Analyzing the relative cost and benefits of potential actions and strategies to choose the most appropriate one.
•Identifying measures or indicators of system performance to improve.

•Determining how a system should work and how changes in conditions, operations and the environment will affect outcomes.

•Identifying complex problems, reviewing all related information to develop and evaluate the best solution adaptable to each country legal, accounting and financial rules through liaising with external auditors.

•Analyzing and conducting an internal audit for all accounting and cost accounting procedures: allocating expenses / revenues...

•Analyzing financial information to produce forecasts for short and longterm business. •Performing revenue and expenses forecasts in order to facilitate any financial decision. •Assemble all necessary spreadsheets and draw charts, graphs to illustrate technical reports to board members.

•If needed, prepare plans of action for investment based on the financial analysis obtained. •Preparing budgets.

•After setting all rules, procedures, financial goals and strategies, a monthly follow up will be conducted in company premises and a monthly report will be provided to board members stating the evolution of all cases discussed.

Chief Financial Officer Nov 2010 to Nov 2012
SFEIR Industries Holding Group
Lebanon – Ghana

Main Role :
•Provide strategic and technical financial leadership for the Group in
order to ensure the
effective development of countries' financial Strategies.
•Implementation of internal controls, budgeting, financial management, financial reporting
internally and externally.

•Responsible for all data processing in terms of accounting transactions.

Main Tasks:
•Analyze and process where necessary field financial data to ensure that consolidated accounts
are a true and fair reflection of the current financial situation.

•Understanding the overall current financial position and the financial strategic objectives for
each sister company operation, advise on achieving these financial goals
•Control and liaise with all external auditors for each sister company in
Middle East and Africa
region in terms of accounting rules compliance and statutory regulations.

•Provide training and support for all accounting departments, set rules for data entry and
ensure the use and the implementation of the
Software to assure accurate accountability
between the Group.

Monthly Operation:
•Control major data entry posted in each sister company.
•Maintain all accounting records on a monthly basis.(Soft Copies)

•Control and reconcile all A/P, A/R, Banks on a monthly basis according
to GL Accounts.

•Approve all Bank transfers from... to, internally and externally, LC...

•Controlling and verifying Month end closing requirements set up rules.

•Provide on a monthly basis Profit & Loss report for each entity
a Consolidated Profit and Loss
report for the Group, with Cost Center based analysis.
•Provide Cash flow report on a weekly Basis for all entities.

•Provide Quarterly Balance Sheet for each entity along with a Consolidated one.
•Monthly Basis Stock Control.
•When needed, enter and processing accounting transactions.

Financial & Administrative Manager ( Contractual) Jan 2010 to Oct 2010
Pharmacie Le Gabriel, Aqua Sante GSPA
Lebanon

Financials:
Setting Accounting rules and procedures to meet local accounting and international ISO
accounting standards required for Spas: Expenses, receivables, FA, Banks reconciliation,
Accruals, prepaid, end of month closing procedures.

•Control all accounting daily transactions
•Customize and develop the company software to meet required standards

•Liaise with external auditor regarding government monthly, quarterly and Yearly reports
•Budgeting: all departments and sub-departments with required analysis.

•Monthly cash flow report with full control of both companies liquidity.

•Monthly Profit and Loss report for departments and sub-departments with related analysis
vs. forecasted Profit & Loss report

•Monthly Balance Sheet

•Reporting to General Manager , Banks and ISO required reports.

Administration:
•Setting Hierarchy for both companies
•Revise job descriptions and delegate new
responsibilities for all staff
•Implement ISO requested administration rules and procedures

•Revise and set new deals with all major suppliers local and foreign
•Monitor the spa operation in terms of claims, gaps.., and improve.
•Involve in recruiting process

Financial Controller
LEVANT Construction PVT Limited
Nigeria – Abuja Headquarter Dec 2008 to Nov 2009

Main Tasks:
•Controlling daily accounting transactions: Receivables/Payables...

•Responsible for Purchasing Department: F&B-Spare Parts...

•Project Budget Simulation.

•Finalizing contracts with the Government and Sub-Contracts.

•Provide all funds and financing projects through local Banks.

•Monthly Financial Reports: - Cash Flow (Monthly) -P&L (Monthly)/by project/ Consolidation
-Asset Management: Machineries.
•Setting up offices all around Nigeria in terms of: Administration, Staff recruiting, Software,
Training, set up rules & regulations,

•Managing Financially Sister Companies: Crushers, Asphalt plant, Concrete plant.

Regional Chief Accountant Apr 2006 to Nov 2008
TEMENOS Middle East Limited
Lebanon - Dubai

Main Tasks:
•Reporting directly to the SEMEA Regional Financial Controller

•Controlling Contracts: Budget Cost

•Controlling and posting all Intra Group transactions, reconciling and reporting to the
Headquarter.

•Responsible of all Accounting Transactions; procedures, rules
And regulations for Lebanon
KSA and UAE, applying
International accounting standards with respect to each country
COF
standards.
Accounting Transactions: AP/AR- Banks-Payroll- Provisions-
Asset management-IAG
AP/AR...

-Financial Reports: Cash Flow – Balance Sheet – P&L –IAG Consolidation report (Monthly).
-Ministry Of Finance: NSSF – Income Tax...(Support)

Accounting Manager
SABIS International School
Adma - Lebanon Jun 2004 to Apr 2006

Main Tasks:
•Control daily accounting transactions: Receivables/Payables
•Responsible for Purchasing Department: quotations-designs Costing – Furnishing- Uniforms...

•Controlling Budget Report.

•Payroll: In terms of Accounting Entries
•Monthly Financial Reports:
- Cash Flow (Monthly-Yearly)
- Budgeting
-P&L (Monthly – Yearly)

Senior Accountant - Assistant Financial Manager Feb 2001 to May 2004
Grand Hills Village (Hotel & SPA)
Lebanon

Main Tasks:
•Accounts Payable: Local & Foreign

•Accounts Receivables: Check In/Out reports (Hotel-Restaurants)
•Financial Reports: Monthly Cash Flow report
Monthly Profit and Loss report
Contribute in Yearly Budget report

•Control Inventory Operations: In/Out: Physical Spot Check
End of month closing report

•Payroll: in terms of Accounting Entries
•Reporting to the Ministry of Finance: Value Added Tax(Support)
•Control bank Accounts: Reconciliation – Transfers- LC's -Asset Management

•Inventory: Orders- quotations-Purchases
End of Month closing inventory report

•Ministry of Finance reports: VAT – Income Tax – NSSF(Support)

Education

MBA, Finance

American University For Science & Technology 2005

BBA, Business Administration
University Saint Esprit Kaslik 2000

High School Diploma, Lebanese Baccalaureate 2nd Section
College Central Jounieh 1995

Computer Knowledge

•Microsoft Office : Word – Excel – PowerPoint – Access

•Software : Socrate – Navision (Microsoft) – Workforce (SETS) -HMS-Fidelio- Oracle E-business Database - Brains – Wizzard

Languages

•Arabic : Speak (Very Good ) Read (Very Good) Write (Very Good)
•English : Speak (Very Good) Read (Very Good) Write(Very Good)
•French : Speak (Very Good) Read (Very Good) Write (Very Good)
•Greek : Speak (Good) Read (No) Write (No)

Hobbies

Music: Piano (Professional & Teacher) – Guitar ( Teacher)
Sports: Tennis – Volleyball – Swimming - Skiing

Other: Chess – Internet