Issam Karmi

Head of Finance at Specialized & Interactive Systems L.L.C.
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Location
Dubai, United Arab Emirates, AE

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Experience

    • United Arab Emirates
    • Information Technology & Services
    • 1 - 100 Employee
    • Head of Finance
      • Oct 2017 - Mar 2023

      United Arab Emirates Industry: ELV & AV Technology Solutions. •Financial Planning: Developing and implementing financial plans for the organization, including budgeting, forecasting, and analysis of financial data. •Financial Reporting: Preparing financial statements and reports, such as balance sheets, income statements, and cash flow statements, to provide insight into the financial performance of the organization. •Accounting: Overseeing the organization's accounting function, including managing… Show more Industry: ELV & AV Technology Solutions. •Financial Planning: Developing and implementing financial plans for the organization, including budgeting, forecasting, and analysis of financial data. •Financial Reporting: Preparing financial statements and reports, such as balance sheets, income statements, and cash flow statements, to provide insight into the financial performance of the organization. •Accounting: Overseeing the organization's accounting function, including managing accounts payable and receivable, ensuring accuracy of financial data, and overseeing the processing of payroll. •Risk Management: Identifying and managing financial risks, such as credit and market risks, and developing strategies to mitigate them. •Compliance: Ensuring compliance with relevant financial regulations and standards, such as tax laws and accounting principles. •Strategy Development: Developing financial strategies that align with the overall strategic goals of the organization. •Team Management: Managing and mentoring finance teams, including hiring, training, and performance management. Budget Management: Lead the preparation of project specific and annual budgets and forecasts of P&L, Balance sheet and Cashflow; •Cash flow Management: Tracking cash flow and analyzing the company’s financial weaknesses and strength, whilst proposing corrective actions; and •Internal Control and accounting: Propose, review, implement and ensure compliance to finance policies, procedures, and internal controls to ensure accuracy of accounting data and prevent losses, fraud and misallocation of funds; Show less

    • United Arab Emirates
    • Retail
    • Finance Manager
      • Mar 2015 - Oct 2017

      Dubai, Dubai, United Arab Emirates Industry: Auto spare parts trading. . Oversee the financial operations of multiple businesses, ensuring compliance with local laws and regulations. . Develop and maintain financial reporting systems and procedures, ensuring accurate and timely reporting of financial results. . Analyze financial performance and provide insights and recommendations to improve financial health and achieve business goals. . Prepare and present financial reports to senior management, investors, and… Show more Industry: Auto spare parts trading. . Oversee the financial operations of multiple businesses, ensuring compliance with local laws and regulations. . Develop and maintain financial reporting systems and procedures, ensuring accurate and timely reporting of financial results. . Analyze financial performance and provide insights and recommendations to improve financial health and achieve business goals. . Prepare and present financial reports to senior management, investors, and other stakeholders. . Develop and monitor budgets and forecasts, ensuring that financial objectives are met. . Manage cash flow and liquidity, ensuring that adequate funding is available for operational requirements. . Manage banks relationship and secure financing sources , Dealing with LCs and TRs , foreign exchange currency market and forward currency contract . Ensure efficient and effective financial controls are in place, and monitor and manage financial risks. . Collaborate with various departments to identify opportunities for cost reduction and process improvement. . Oversee the management of accounts payable, accounts receivable, and payroll functions. . Liaise with external auditors, tax consultants, and regulatory authorities, as required. . Mentor and develop finance team members to ensure their continued growth and success. . Managed timely and accurate reporting of various financial transactions and information for detailed analysis. Show less

    • United Arab Emirates
    • Construction
    • 1 - 100 Employee
    • Chief Accountant
      • Aug 2004 - Mar 2015

      Dubai, United Arab Emirates Industries: Construction (Main contractor), Real Estate, hospitality, entertainment, manufacturing and tourism. Preparation of Financial Statements in accordance with the IFRS and applicable laws. Addressing and resolving Internal Audit Queries. Preparing and presenting to the management the financial results and reports on a periodic basis. Developing Budgets (Short term and Long term) for the stakeholders. Reviewing, monitoring and managing budgets. Manage and monitor… Show more Industries: Construction (Main contractor), Real Estate, hospitality, entertainment, manufacturing and tourism. Preparation of Financial Statements in accordance with the IFRS and applicable laws. Addressing and resolving Internal Audit Queries. Preparing and presenting to the management the financial results and reports on a periodic basis. Developing Budgets (Short term and Long term) for the stakeholders. Reviewing, monitoring and managing budgets. Manage and monitor metrics, KPI tracking, and reports Collecting, interpreting, and reviewing financial information. Reporting to management and stakeholders, and providing advice how the company and future business decisions might be impacted Cash flow modelling and working capital management pertinent to retail industry and presenting effective strategies to the Management. Identifying strategies to minimize financial risk. Analyzing market trends and competitors Leading and Managing team for whole accounts and finance function. Lead some of the key activities within the Finance & Accounting function, including managing accounts receivables, accounts payables, Contracts with clients, approval of expenditures in accordance with the hierarchy, Banking and Treasury control, payroll, etc. Show less

Education

  • AL Najah National University
    Bachelor, Accounting and Finance
    1999 - 2003

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