1. MOHAMED HANIEF MUKUDDEM
Dubai, United Arab Emirates
+971 528 166 183
hmukuddem@btinternet.com
Personal Profile
A self and highly motivated, analytically minded Chartered Accountant with experience
across a number of different industries. My extensive experience during my audit career has
allowed me to easily transition into the commercial world and ensure the smooth running of
the financial functions I operate in. I am diligent and results driven and aim to operate
effectively and efficiently in every environment. Having trained in general audit, it gave me
the opportunity to understand and gain knowledge on a number of different industries and I
developed the skills set to be able to run the finance function of businesses irrespective of
the industry it operates in.
Finance has always been my passion and I believe it is important to enjoy what you do and
do what you enjoy.
Qualifications
Admittedasamemberof theSouthAfricanInstituteof CharteredAccountants(2001 – currentlystilla
member)
PublicAccountantsAuditingBoardQualifyingexam2000(CharteredAccountantqualifyingexamin
SouthAfrica)
Auditspecialisationcourse1999
PostgraduatediplomainAccounting(Universityof NatalDurban1998)
Bachelorof Commercedegree (Universityof CapeTown1996)
Experience:
Allied Resources Commercial Brokers LLC
(December 2015 to present)
Role : Group Financial Director / Financial Controller
Forthe pastyearIhave beenfulfillingtheroleof FinanceDirectorandFinanceControllerfor 2 separate
Groupswithcommonownershipinthemining/explorationandtechnologyindustries. Both groups are
intheirinfantstagesandrequiredpoliciesandprocedures to be setup, an ERP system to be installed
anda reportingfunctiontobe established. The ultimate aim is to get both groups listed on the ASX.
Financial planning and analysis
Developed budget templates and timetables to be applied consistently throughout each
company in both Groups.
Preparationofannualbudgets andmonitoringperformance against those budgets/ forecasts
Preparationofvarianceanalysisforkeyaccountsonamonthlybasiswhichwasincluded in the
reporting pack.
Preparation of monthly cash flow forecasts
Performance management
Preparation and review of variance analysis
2. Reviewof keycomponentsagainst approved business targets i.e. Capex, Director Expenses,
Camp expenses
Review of all balance sheet reconciliations
Review weekly cash against forecasted cash flows
Financial Reporting
Responsible forthe preparation of Group and standalone Company financial Statements for
both Groups in Africa and Australia under IFRS.
Preparation of monthly reporting packs on a consolidated basis including Profit and loss,
balance sheets,cashflowsandvarianceanalysisfordistributiontothe directorsof bothGroups.
Reported directly to the CEO and CFO of both Groups.
Financial Process and Internal Controls
Designedandimplementedaseriesof internalcontrolsintheaccountingprocess astechnology
businesses were startups and Exploration business had no established process.
Monitored the functionality of those processes with internal control tests.
Ensured monthly balance sheet controls were prepared and reviewed.
Due Diligence / Audit
Prepared Pro forma accounts to enable the individual groups to be listed on the ASX.
Main contact for both the statutory audit and due diligence processes.
Technical
Providetechnicalaccountingfeedbacktothe Directorsinaccordance withIFRSforbothGroups.
ERP / Process change
Installed Xero as the new accounting package of the Group
Taxation
Reviewof tax risksforall thecountriesoperatingini.e.Australia,HongKong, USA, Middle East
Ensuredtax filingwasup to date in all jurisdictions including payroll taxes, VAT and Income
taxes
Treasury
Liaised with the bank to reduce monthly transactions fees
Human Resources
Acted as Human Resource manager for the group ensuring adherence to UAE federal law.
Setting of goals and performance appraisals for all staff.
Approval of monthly payroll for all the companies in the group.
Preparation of UAE final settlement calculations.
3. Olive Group / International General Holdings ( Dubai )
(April 2013 – December 2015)
Role : Group Financial Controller
The OliveGroupoperatesinthesecurityindustry providing mainly armed guards to large corporates
operatinginIraqandAfghanistan.The Groupalsohad2smalleroperationsinSecurity Technology and
Health and Safety. My role was the
Financial planning and analysis
Preparationofannualbudgetsand5yearforecastsandmonitoringperformance against those
budgets/ forecasts
Preparationofvarianceanalysisforkeyaccountsonamonthlybasiswhichwasincluded in the
reporting pack.
Preparation of monthly cash flow forecasts
Performance management
Preparation and review of variance analysis
Review of all balance sheet reconciliations
Review weekly cash against forecasted cash flows
Review of aged debtors and aged payables
Performed project profitability reviews
Financial Reporting
Responsible forthe preparationofGroupandstandaloneCompanyfinancialStatements for 15
entities
Preparedmonthlyreportingpacksona consolidated basis including Profit and loss, balance
sheets, cash flows and variance analysis for distribution to the owners.
Financial Process and Internal Controls
Designed and implemented a series of internal controls in the accounting process
Monitored the functionality of those processes with internal control tests.
Ensured monthly balance sheet controls were prepared and reviewed.
Technical
Provide technical accounting feedback to the Directors in accordance with IFRS.
Due Diligence / Audit
Maincontactforboththe statutoryauditandduediligence processes in raising funding with
Gulf Capital as well as for the ultimate sale of the Olive Group trading entity.
Performed cost benefit analysis of potential acquisitions by the owners.
ERP / Process change
Played a key role in the implementation of Microsoft Dynamix AX in the group.
Approver for all systems amendments
Taxation
Preparationoftax returnsandliaising with tax advisors in Iraq, Afghanistan, Holland, Qatar,
Kuwait, KSA, UK
Review of tax risks for all the countries operating in.
Ensuredtax filingwasup to date in all jurisdictions including payroll taxes, VAT and Income
taxes
Treasury
Liaised with the bank to reduce monthly transactions fees.
4. Negotiated a corporate credit facility with Amex for AED10 million for the Group’s travel
financing.
Human Resources
Head of HR for the Corporate Office
Setting of goals and performance appraisals for all staff.
Approval of monthly payroll for all the companies in the group.
Preparation of UAE final settlement calculations.
Computacenter PLC ( UK)
February 2010 to March 2013
Role : Group Financial Reporting Accountant
Computacenter is listed on the London stock exchange earning GBP 3 billion in turnover. I
joined the Group as a contractor at the start of an SAP implantation to oversee the day to
day reporting at the Group level reporting directly to the CEO and CFO as well as the Board
of Directors. Computacenter operates in the IT Services and Products sector.
Financialplanningandanalysis
Preparationofannualbudgetsand3yearforecastsandmonitoringperformance against those
budgets/ forecasts looking at best and worst case scenarios
Preparationofvarianceanalysisforkeyaccountsonamonthlybasiswhichwasincluded in the
reporting pack.
Preparation of monthly cash flow forecasts
Performance management
Preparation and review of variance analysis
Review of all balance sheet reconciliations
Review weekly cash against forecasted cash flows
Performed project profitability reviews
Preparation of the Quarterly Board back monitoring Strategic Objectives set by the Group
Financial Reporting
Responsible for the preparation of Group and standalone Company financial Statements .
Preparedmonthlyreportingpacksona consolidated basis including Profit and loss, balance
sheets, cash flows and variance analysis for distribution to the Board od Directors.
Prepared annual accounts submitted to the London Stock Exchange.
Prepared the 1/2 yearly financial statements submitted to the London Stock Exchange.
Prepared preliminary announcement for announcing half year and full year results to the
market;
Technical
Provide technical accounting feedback to the Board of Directors in accordance with IFRS.
Due Diligence / Audit
Main contact for both the statutory audit
Ensure Listing rules were complied with.
ERP / Process change
Played a key role in setting up the chart of accounts and its hierarchy in SAP implentation
5. Taxation
Reviewof theGroup’staxationliabilities in the UK, France, Germany, Belgium, Luxembourg,
South Africa
Aero Inventory PLC ( AIM Listed in the UK)
July 2008 to January 2010
Role : Group Financial Reporting Accountant
Aero Inventory represented my first steps out of audit and into commerce. It operated in
the aerospace industry selling parts to major airlines such as Qantas, Air Canada, All Nippon
Airways and more. I joined the Group as the Group Financial Reporting Accountant taking
on all internal and external reporting as well as the accounts receivables, taxation and
treasury teams.
Financialplanningandanalysis
Preparation of annual budgets and forecasts and monitoring performance against those
budgets/ forecasts looking at best and worst case scenarios
Preparationofvarianceanalysisforkeyaccountsonamonthlybasiswhichwasincluded in the
reporting pack.
Preparation of monthly cash flow forecasts
Performance management
Preparation and review of variance analysis
Review of all balance sheet reconciliations
Review weekly cash against forecasted cash flows
Performed project profitability reviews
Preparation of the Quarterly Board back monitoring Strategic Objectives set by the Group
Financial Reporting
Responsible forthe preparation of Group (8 Companies) and standalone Company financial
Statements .
Preparedmonthlyreportingpacksona consolidated basis including Profit and loss, balance
sheets, cash flows and variance analysis for distribution to the Board od Directors.
Prepared annual accounts submitted to the AIMMarket.
Prepared preliminary announcement for announcing half year and full year results to the
market;
Technical
Provide technical accounting feedback to the Board of Directors in accordance with IFRS.
Due Diligence / Audit
Main contact for both the statutory audit
Ensure AIMListing rules were complied with.
Taxation
Reviewof theGroup’staxation liabilities in the UK, Australia, Canada, Hong Kong and Japan
6. Deloitte, South Africa and UK, PwC UK
1998 - 2008
Audit Manager
I completed my training with Deloitte South Africa and progressed into being an audit
manager with both Deloitte and PwC across both South Africa and the UK. General Audit
enabled me to learn about different industries and not be confined to any specific industry
but rather teaching me the tools to apply to all industries.
Managedawide spectrumof clientsrangingfromlargecorporatestosmall private companies
across a diverse range of industries.
Auditedcompanieswithreportingrequirements in the following GAAPs : SA GAAP, UK GAAP
and US GAAP.
Reported to head offices across the globe i.e. US, Japan, Holland , Belgium and Norway
Achievements and experiences:
o Prepared budgets/forecasts and monitored actual against the budget;
o Prepared and reviewed UK GAAP compliant financial statements;
o Managed teams of up to ten team members on any given assignment;
o Coachedteammembersinorderforthemtobe abletoperformtheirtasksto the best
of their ability;
o Interacted with senior members of clients on a day to day basis;
o Prepared and reiewed clients cash flow forecasts;
o Prepared commentary on the financial information for use by group auditors;
o Prepared management accounts for specific clients;
o Planned resources to ensure deadlines were consistently met;
o Advised clients on the proper accounting treatment for specific issues;
o Assistedclientindeveloping a marked to market model for forward commodity and
forex contracts
Clientsincludedthefollowing:Sony Computer Entertainment Europe Limited ( Playstation )
(gaming),Sanyo(electronics),Initial Security(Security services), Sirva ( Pickfords ) (transport
and removals) , Pitney Bowes (mailing solutions) , HP Foods ( Food – sauces) , Pura Foods
(manufacture of vegetable oils and butter), Eltek Energy (mobile energy solutions ), Blue
Continent Products ( Export – Fish – part of Oceana group), Two-A-Day (Fruit Exporter) ,
Panasonic (Electronics) , Medical Research Council of South Africa ( Research ), Racal
Instruments (MOD), Barloworld (Industrial Tractors)