Mohamed Fairoos Mohamed Rizan
Finance Manager at Omar Zawawi Group - OMZEST- Claim this Profile
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Bio
Mireille Freiha
Mr. Mohammad Fairouz is a unique person that I had the chance to work under his direct management. He is a very good expert of Finance, Accounting retail, Budgeting and Business plan. He is a leader more than his is a manager, and he always leads by example. Every day I learned something from him. Even now in some problems, I ask my myself: ‘how would Fairooz have dealt with this problem?’ He is simply my professional idol.
Mireille Freiha
Mr. Mohammad Fairouz is a unique person that I had the chance to work under his direct management. He is a very good expert of Finance, Accounting retail, Budgeting and Business plan. He is a leader more than his is a manager, and he always leads by example. Every day I learned something from him. Even now in some problems, I ask my myself: ‘how would Fairooz have dealt with this problem?’ He is simply my professional idol.
Mireille Freiha
Mr. Mohammad Fairouz is a unique person that I had the chance to work under his direct management. He is a very good expert of Finance, Accounting retail, Budgeting and Business plan. He is a leader more than his is a manager, and he always leads by example. Every day I learned something from him. Even now in some problems, I ask my myself: ‘how would Fairooz have dealt with this problem?’ He is simply my professional idol.
Mireille Freiha
Mr. Mohammad Fairouz is a unique person that I had the chance to work under his direct management. He is a very good expert of Finance, Accounting retail, Budgeting and Business plan. He is a leader more than his is a manager, and he always leads by example. Every day I learned something from him. Even now in some problems, I ask my myself: ‘how would Fairooz have dealt with this problem?’ He is simply my professional idol.
Credentials
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Institute of Public Accountants-Australia
Institute of Public AccountantsNov, 2021- Oct, 2024 -
The Institute of Financial Accountants
The Institute of Financial Accountants (UK)Nov, 2021- Oct, 2024 -
Association of Accounting Technicians
AAT Sri LankaOct, 2021- Oct, 2024 -
CIMA (UK)
Chartered Institute of Management Accountants (CIMA)Nov, 2005- Oct, 2024
Experience
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Omar Zawawi Group - OMZEST
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Oman
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Consumer Services
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1 - 100 Employee
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Finance Manager
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Mar 2022 - Present
Finance manager for 1.Riyam Engineering & Services LLC. 2.National Oilfield Supply Company LLC. 3.Muscat Drilling & Trading Co. LLC. All three companies are Part of omzest group of company. >Heading the finance department. >Responsible for P&L >Managing Accounts Receivables >Supplier SOA Reconciliation and timely closure of all the open items >Ensuring proper documentation of Supplier onboarding >Ensure proper approval and authorization as well as meet timelines in order to ensure compliance with audit requirements and internal control process. >Handle agreements from negotiations till sign off and compliance thereof >Support business partnering initiatives, in order to help achieve business objectives >Review of Vat Returns and providing advisory to the business compliance for new transactions and promotions. >Ensuring timely closure of month end >Review and submission of Financial Assurance report to Corporate >Review of monthly variance analysis and submission to Group finance >Annual budget preparation >Balance sheet reconciliations and process review to check system controls and risk mitigation/elimination. >Internal & External Audit Show less
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Almutlaq Furniture
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Saudi Arabia
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Furniture and Home Furnishings Manufacturing
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1 - 100 Employee
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Financial Planning and Analysis Manager
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Oct 2020 - Mar 2022
>Full P&L responsibility of 3 Business units (Manufacturing, Project & Retail). >Leading the process of strategic plan, budgeting & long-short range forecasting in coordination with various stakeholders. >Implementation of system Upgrade-Oracle finance. >Creating and recommending strategies to limit internal control weakness & financial reporting risks affecting objectivity of financial statements. >Budgeting & Business Plans. >Feasibility analysis & Cost controls. >Cash flow forecasting and management. >Review and advise working capital & cash-flow requirements and provide early warning signals. >Financial planning and Analysis for formation of joint venture companies. >Perform challenging accounting work according to US & Saudi GAAP and regulatory requirements. >Detailed analysis of financial statements and explanation of variances. Show less
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Landmark Arabia
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Saudi Arabia
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Retail
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700 & Above Employee
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Assistant Manager Finance
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May 2019 - Oct 2020
Handling MIS and business finance > Strategic financial planning with annual store level budgeting process and consolidation at concept level. > Develop and maintain systems for prompt and accurate collection of financial and accounting information > Review monthly financial statements, provide insightful variance analysis and exception reports, recommend corrective measures > Guide the Management on strategic decisions on Store opening/closures, markdowns, events, incentives etc > Ensure all revenue and expenses are properly accounted for and monitor all P&L line items vs Budgets and trends. > Set up adequate internal controls for payables and receivables in the Territory. > Finalize the operational, seasonal, buying budgets with the various management teams > Review Inventory and ageing to be in line with agreed SOPs, flag off exceptions to Management and enable timely decisions > Markdown control, monitoring Shrinkage/Damage as per targets, flagging exceptions and alerts on timely basis for corrective actions. > Conducting reviews and evaluations for cost reduction opportunities. > Facilitate timely and accurate internal and statutory audits. > Ensuring compliance with corporate objectives. Show less
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Assistant Finance Manager-MIS
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Jul 2016 - Apr 2019
Job Responsibilities as Finance executiveJobs and Responsibilities as Assistant Finance Manager.> Involve in decision making with the GM and COO and follow up the implementation of Decisions with senior management.> Conduct reviews and evaluations for cost-reduction opportunities.> Supervise, control and authorize all purchases (local+ non-Trading)> Exercise necessary budgetary controls on all costs incurred by the Territories, ensuring that they comply with the drawn budgets.> Identify the loss-making stores and analyses costs in detail. Suggest areas of cost reduction.> Supervising on cash, banks and suppliers’ reconciliations.> Supervising on related party, supplier inventory and fixed assets reconciliations.> Finalizing the audit schedules for annual & semiannual audit. Coordinating with auditors on finalizing the audit report.> Review and analyzing the monthly MIS Reports P&L, Balance sheet, Cash flow etc.> Business Plans & Annual Budget finalization with variance analysis.> Capex compliance Break even analysis & Project Feasibility reports.> Implementation of S2P2P & ORMS module.> Business plan and board presentation.> Monthly Balance sheet & P&L review.> MIS Reporting, Forecasting and estimation.> Accounting and month /Year end closing.> Financial modeling Excel, power point Presentations. Show less
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Finance Executive
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Aug 2011 - Jun 2016
Responsibilities as Finance executive> Ensure delivery of set standards of MIS reports for Concept and corporate, ensure monthly MIS generation and interpret data to suggest ways of cost optimization and store performance improvement.> Assist the head of finance in the formulation of the corporate strategy for the year and finalization of annual targets along with other functional heads to implement the strategic directions.> Facilitate the setting up of sales projections and of purchase budgets based on projected sales for each store in the territory and each department.> Working in ERP Accounting Process which is linked to Oracle Accounting Package.> Draft offers and contracts negotiate and close non trading purchases and services.> Cost control on all expenses, guidance for booking, reviewing and solving discrepancies.> Accounting and month /Year end closing.> Handling corporate and general Insurance.> Inventory Management.> Coordinating with internal Auditor and monitor implementations, where necessary.> Preparation of financial budget and finalization of the same with GM and COO. Monthly review of Budget and actuals.> Yearly budget & business performance presentation to the board of directors.> Financial modeling Excel, power point Presentations. Show less
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Dar Al Bandar Trading Pvt.Ltd
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Retail
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200 - 300 Employee
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ACCOUNTANT
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Feb 2006 - Aug 2011
> Worked in ERP Accounting Process which is linked to Oracle Accounting Package. > Coordinated the timely modification of the company ERP system with the assistance of the IT division. > Prepared the capital expenditure/project proposals with full financial viability analysis for the company. > Prepared the monthly credit card sales report, cash sales report, credit sale report. > Prepared sales reconciliation report and submission of the same to Management. > Prepared the monthly intercompany reconciliation report and submission of the same to Management. > Handled cash management module and preparation of monthly bank reconciliation. > Managed the Preparation and finalization of budget including the variance statement of budget and actual with month wise adjustment. > Prepared the monthly staff payroll and whole employee related reports including staff leave settlements and over time payment. > Performed gratuity calculation and employee final settlement. > Maintained the general ledger entries & preparing the schedule for expenses and balance sheet items. > Efficiently analyzed and allocated the expenses. > Prepared monthly store wise profit and loss account with schedules. Calculation of break-even sales margin of safety and ratio analysis. > Prepared cash flow & Balance sheet yearly. > Ensured my corporation for auditors, wherever required on performing the audit. Show less
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ACCOUNTANT
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Sep 2003 - Jan 2006
About the Company: Y2K Ceramics is a Subsidiary of Khanza Trading (Pvt) Ltd and has 12 branches Island Wide. The company is the market Leader in providing Imports of Sanitaria ware, Floor tiles and accessories in Sri Lanka. Jobs and responsibilities: >Maintain all aspects of financial records. >Preparing the financial statement (profit & loss Account, Balance sheet and Cash flow statement). >Handling automated stock control system with stock reconciliation & participating for the physical stock taking. >Maintenance and supports automated financial accounting system. >Preparing, cash book, petty cash book and bank book with bank reconciliation Statement. >Checking and processing of accounts and routine transactions. >Accurate and timely prepared and submission of reports, including complication data. >Preparation of monthly payroll with ledger posting. >Preparation of budgeting forecasts, cost controls and accounting vouchers. >Store visits on weekly basis, checking sales reports (cash and credit sale). >Checking stock level and debtors, offering solution without disturbing daily transactions. Show less
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Education
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2002 - 2004
The Chartered Institute of Management Accountants
Finalist, Financial & Management Accounting -
2020 - 2021
Institute of Public Accountants
Member, Accounting and Finance -
2020 - 2021
The Institute of Financial Accountants
Member, Accounting and Finance -
2020 - 2021
Asia e University
Executive Msc in Finance, Accounting and Finance -
2019 - 2020
Lincoln University College
Bachelor of Business Administration - BBA, Business Administration and Management, General -
2001 - 2002
AAT Sri Lanka
Member, Accounting and Finance -
1988 - 2001
Zahira College Mawanella
Advance Level, Commerce
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