Fathimath Leena
M. Light Signal, Apartment 7A, Koarukendi Magu, K. Male'
Summary
Proven leader in financial strategy development and fiscal management, with a track record of driving financial process improvement. Skilled in tax planning and adaptability to change, a champion in corporate governance and budget development, significantly enhancing profitability and operational efficiency.
Strong leader and problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency. Uses independent decision-making skills and sound judgment to positively impact company success.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Chief Financial Officer
State Electric Company Limited (STELCO)
05.2022 - Current
- Develop strategic financial plans to support company growth and achieve long-term objectives.
- Analyze operational issues and implement corrective action to maximize profits.
- Direct budget development, budgetary controls and recordkeeping to make informed financial decisions.
- Manage risk effectively through comprehensive insurance coverage review and implementation of robust internal controls.
- Collaborate with senior management to establish budgetary guidelines and allocate resources efficiently across the organization.
- Prepare accurate financial statements at end of quarter to summarize financial health and business performance.
- Develop capital structure of company to determine best mix of debt, equity, and internal financing.
- Oversee the successful completion of external audits, addressing any recommendations promptly to ensure smooth operations.
- Championed effective communication between finance personnel and other departments to facilitate cross-functional collaboration on projects and initiatives.
- Manage and lead direct reports to handle controllership, treasury and corporate finance functions.
- Track cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Ensured accurate financial reporting, maintaining compliance with IAS and IFRSs, and internal policies.
- Establish strong relationships with external stakeholders, including investors, analysts, and regulatory agencies to promote transparency and build trust in the organization''s financial management.
- Implement tax planning strategies that minimized liabilities while ensuring full compliance with local, state, and federal laws.
- Spearheaded contract negotiation and financing to complete high-priority projects and realize target outcomes.
- Negotiate favorable credit terms with banks for increased borrowing capacity and reduced interest expenses.
- Enhanced profitability with cost reduction initiatives.
- Devise benchmarks to align goals and strategies with underlying financials.
- Delivered forward-thinking and bold insights to enhance business assets and report financial metrics.
- Collaborate with legal, accounting and other professional teams to review and maintain compliance with regulations.
- Maintained P&L and shouldered corporate fiscal responsibility.
Member, Valuation Committee
Institute of Chartered Accountants of Maldives
12.2022 - Current
- Developing regulations for valuers of assets for financial reporting purposes.
- Developing standards for valuation practice in Maldives.
Lecturer
Maps College
07.2017 - Current
- Teaching ACCA skill level modules, Financial Management (FM), Financial Reporting (FR) and Taxation (TX).
- Cultivated critical thinking skills through challenging assignments that required analysis, synthesis, and evaluation of information from various sources.
- Evaluated student progress through regular assessments, providing detailed feedback for improvement and growth.
- Selected and designed lesson plans and curriculum to meet academic objectives.
Non-Executive Board Director
Maldives Hajj Corporation Limited
09.2019 - 11.2023
- Evaluated financial reports thoroughly, making informed decisions on budget allocations and resource distribution.
- Reviewed organizational structure regularly, identifying opportunities for improvement in efficiency and effectiveness.
- Endorsed ethical business practices throughout all levels of the organization, fostering a culture of integrity and accountability.
- Enhanced company performance through strategic decision-making and active involvement in executive discussions.
- Implemented robust governance policies to enhance transparency and minimize risks within the organization.
- Collaborated with fellow directors to develop long-term strategies that aligned with company objectives and shareholder expectations.
- Maintained impartiality and objectivity during meetings and decision-making.
- Initiated strategy to drive company growth and reduce the loss of the company.
- Collaborated with the Internal Auditor to developed short-term goals and long-term strategic plans to improve risk control and mitigation, as part of the responsibility of a Member of Audit Committee.
- Reviewed the annual Internal Audit Plan and monitored the successful implementation of annual Audit Plan.
Partner, Advisory
Crowe Maldives Advisory Pvt Ltd
06.2021 - 04.2022
- Achieved successful client outcomes by identifying and addressing their unique needs and goals.
- Stayed informed on industry developments and market trends to gain competitive advantage.
- Networked with other professionals and organizations to expand contacts and opportunities.
- Implemented tax-saving strategies for clients, maximizing returns and minimizing liabilities.
- Assisted with the preparation of financial reports for clients, providing clear explanations regarding their investment performance and overall portfolio health.
- Conducted thorough financial statement reviews, identifying discrepancies and recommending corrective actions.
- Managed complex assurance engagements from initiation to completion, ensuring high-quality outcomes every time.
- Developed comprehensive risk assessment frameworks to identify and mitigate potential risks.
- Provided expert advice on organizational restructuring efforts, leading to enhanced operational efficiencies across client organizations.
- Managed multiple projects simultaneously while maintaining strict deadlines and ensuring high-quality deliverables.
- Enhanced client satisfaction by providing tailored advisory services and strategic recommendations.
- Managed various internal audit clients adhering to strict deadlines.
Lecturer
Villa College
07.2019 - 06.2021
- Taught ACCA knowledge level Management Accounting (MA) module, and ACCA skill level Taxation (TX) module.
Internal Auditor
Maalaa High Rising Construction Pvt Ltd
11.2018 - 05.2021
- Assisted in the preparation of audit reports that clearly communicated findings and recommendations to key stakeholders.
- Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walkthroughs for compliance with documented processes.
- Investigated discrepancies discovered during auditing process.
- Supported management in developing action plans to address identified issues, promoting timely resolution of audit findings.
- Enhanced internal control systems by conducting thorough risk assessments and implementing effective audit recommendations.
- Provided valuable insights to management by presenting clear and concise audit findings, contributing to informed decision-making processes.
- Reviewed and identified risks, analyzed controls and tested compliance.
- Developed auditing program to address risks and evaluate regulatory requirements.
Senior Accountant
Ego Maldives Pvt Ltd
02.2018 - 10.2018
- Reconciled accounts and created documents for monthly closure procedures.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Handled month-end and year-end end finances by managing and reporting fixed assets and other data.
- Assisted in external audits by preparing necessary documentation and responding to auditor inquiries.
- Completed year-end closing processes.
- Analyzed financial statement discrepancies, identifying issues, and recommending corrective actions to prevent future occurrences.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
Senior Accountant
Meriediam Services Pvt Ltd
05.2015 - 01.2018
- Prepared monthly journal entries and reconciliations.
- Updated general ledger with latest entries.
- Maintained accurate depreciation schedules for fixed assets, coordinating with asset managers for timely recording of acquisitions or disposals.
- Successfully managed multiple high-stakes projects concurrently, consistently meeting deadlines while maintaining exceptional attention to detail and quality control.
- Established strong relationships with vendors to negotiate favorable payment terms that improved working capital management.
- Expedited payroll and invoicing by streamlining billing systems.
- Spearheaded a team of junior accountants, providing mentorship and guidance to improve efficiency and accuracy in their work.
- Strengthened internal controls by reviewing processes, identifying gaps, and proposing improvements to safeguard against fraud or mismanagement of funds.
- Maintained integrity of general ledger and chart of accounts.
- Collected and reported monthly expense variances and explanations.
- Trained new employees on accounting principles and company procedures.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
Accounts Assistant
Nalahiya Trading Pvt Ltd
12.2013 - 04.2015
- Maintained clean and organized files by keeping accounts payable records up-to-date.
- Processed payments and documents such as invoices, journal vouchers, employee reimbursements, and statements.
- Prepared itemized statements, invoices and recorded amounts due for items purchased or services rendered.
- Prepared and mailed invoices to customers, processed payments, and documented account updates.
- Supported the accounting team with month-end closing procedures, ensuring timely completion and accurate reporting.
- Reduced errors in data entry by implementing a system of double-checking and cross-referencing information.
- Communicated regularly with customers regarding account questions and issues.
- Enhanced team productivity by assisting with payroll processing, ensuring timely payment of employee wages.
- Contributed to budget planning processes by providing detailed expense analysis and forecasting information.
- Processed credit card payments and reconciled credit card statements for accuracy in accounting process.
- Recorded deposits, reconciled monthly bank accounts and tracked expenses.
- Handled day-to-day accounting processes to drive financial accuracy.
Administrative and Financial Officer
SAARC Coastal Zone Management Centre
04.2005 - 12.2006
- Updated reports, managed accounts, and generated reports for company database.
- Oversaw office inventory activities by ordering and requisitions and stocking and shipment receiving.
- Managed sensitive data securely by establishing strict access controls and implementing proper storage protocols.
- Contributed to successful projects by providing essential administrative support and resource management.
- Supervised and guided new employees and responded quickly to questions to improve understanding of job responsibilities.
- Streamlined office processes by implementing efficient administrative systems and procedures.
- Generated financial and operational reports to assist management with business strategy.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
Education
ACCA Member -
Association of Chartered Certified Accountants
UKMSc in Accounting And Finance (with Distinction) -
University of The West of England
UKBSc (Hons) Degree in Applied Accounting -
Oxford Brookes University
UKAdvanced Diploma in Accounting And Business -
Association of Chartered Certified Accountants
UKDiploma in Accounting And Business -
Association of Chartered Certified Accountants
UKSkills
- Financial Process Improvement
- Financial Strategy Development
- Adaptability to Change
- Tax Planning and Strategy
- Corporate Governance Champion
- Financial Policy Formulation
- Budget Development
- Fiscal Management
Certification
- Director's Training Programme - Conducted by the Capital Market Development Authority - 11/2020
- Certificate in Business Valuations - Conducted by the Association of Chartered Certified Accountants (ACCA) - 04/2022
- Certificate in International Financial Reporting - Conducted by the Association of Chartered Certified Accountants (ACCA) - 04/2022
- Certificate in developing KPI's and objective setting - Conducted by DAASH Consultancy and Training Pvt Ltd - 01/2023
- Certificate in Treasury Management Best Practice - Conducted by Promise Training and Consultancy - 06/2023
- Certificate in Strategic Action Planning - Conducted by FJS Consulting Pvt Ltd - 05/2024
Additional Information
Skills in Software:
- Sage *****
- MS Dynamics 365 Business Central *****
- Odoo (Accounting Software) ****
- Quickbooks *****
- Fi-es Magnolia (Accounting Software) *****
- MS Office Package *****
- Corel Draw ****
References:
- Mr. Hussain Faruhad
General Manager, Human Resource Department, STELCO
Tel: 3338439, faruhad@stelco.com.mv
- Mr. Hassan Mohamed
Managing Partner, Crowe Maldives LLP
Tel: 3309585, hassan.mohamed@crowe.mv
- Mr. Ali Ismail
Managing Director, Maalaa High Rising Construction Pvt Ltd
Tel: 3341737, ali@maalaaconstruction.com
Timeline
Member, Valuation Committee
Institute of Chartered Accountants of Maldives
12.2022 - Current
Chief Financial Officer
State Electric Company Limited (STELCO)
05.2022 - Current
Partner, Advisory
Crowe Maldives Advisory Pvt Ltd
06.2021 - 04.2022
Non-Executive Board Director
Maldives Hajj Corporation Limited
09.2019 - 11.2023
Lecturer
Villa College
07.2019 - 06.2021
Internal Auditor
Maalaa High Rising Construction Pvt Ltd
11.2018 - 05.2021
Senior Accountant
Ego Maldives Pvt Ltd
02.2018 - 10.2018
Lecturer
Maps College
07.2017 - Current
Senior Accountant
Meriediam Services Pvt Ltd
05.2015 - 01.2018
Accounts Assistant
Nalahiya Trading Pvt Ltd
12.2013 - 04.2015
Administrative and Financial Officer
SAARC Coastal Zone Management Centre
04.2005 - 12.2006
ACCA Member -
Association of Chartered Certified Accountants
MSc in Accounting And Finance (with Distinction) -
University of The West of England
BSc (Hons) Degree in Applied Accounting -
Oxford Brookes University
Advanced Diploma in Accounting And Business -
Association of Chartered Certified Accountants
Diploma in Accounting And Business -
Association of Chartered Certified Accountants
- Director's Training Programme - Conducted by the Capital Market Development Authority - 11/2020
- Certificate in Business Valuations - Conducted by the Association of Chartered Certified Accountants (ACCA) - 04/2022
- Certificate in International Financial Reporting - Conducted by the Association of Chartered Certified Accountants (ACCA) - 04/2022
- Certificate in developing KPI's and objective setting - Conducted by DAASH Consultancy and Training Pvt Ltd - 01/2023
- Certificate in Treasury Management Best Practice - Conducted by Promise Training and Consultancy - 06/2023
- Certificate in Strategic Action Planning - Conducted by FJS Consulting Pvt Ltd - 05/2024
Similar Profiles
Ahmed Faizan NizarAhmed Faizan Nizar
Assistant Engineer at State Electric Company LTD (STELCO)Assistant Engineer at State Electric Company LTD (STELCO)
Abdulla NaseehAbdulla Naseeh
SENIOR CIVIL ENGINEER, WATER SYSTEMS UNIT HEAD at STELCOSENIOR CIVIL ENGINEER, WATER SYSTEMS UNIT HEAD at STELCO
Jamie ToombsJamie Toombs
Receiver at StelcoReceiver at Stelco