Finance Manager
Spark Building Contracting
Total years of experience :20 years, 5 Months
Career Highlights
• Identified reputed & widely accepted external auditor and proficiently executed financial audits in compliance with IFRS standard, a mandatory financial document which helped company for achieving credit facility from banks, authorities for credit and contractors classification up gradation etc.
• Identified sources of raising finance and liaised largely with banks/ financial institutions, engineered a mix between funded and non-funded facilities to execute each project via required bank facility. Slashed cash margin to zero percent on BB, PB & achieved low interest charges.
• Negotiated rates / contracts with subcontractors, vendors, obtaining financial guarantees, ensuring the work completion approval in liaison with project teams.
Key Responsibilities
• Making procedures for the smooth execution of work within organization that connect each activity of business with accounting & finance.
• Cash Flow management, analysis, report submission to higher management.
• Vigorously on collection task for funding each projects accounts, collection from clients, PPC discounting etc.
• Monthly accounts payables summary report by projects for decision making & payment processing
• Weekly & monthly petty cash report for management approval.
• Bank reconciliation report, monthly.
• Bank Guarantees summary daily updates, report access for management, i.e.
o Tender Bonds, active lists, cancelled list, charges incurred etc for follow up with clients / tender team for status in order to cancel, extend if required etc.
o Performance bank guarantees, Advance payment guarantees & Retention bank guarantees, active list & charges incurred details for information & timely follow up with clients for action accordingly.
o PPC discounted collection remarks etc.
• Banking relationship summary reports with funded & non funded limit & outstanding summary, for management access, updates daily wise.
• Project Cash flow preparation in liaison with projects team for submission to banks to avail the required facility.
• Projects profit & loss report, routine updates & access for management.
• Projects close out report.
• Maintenance of Standard report format for companies projects list, running, completed & under negotiation.
• Presentation of financial reports to external auditors for Quarterly/Half yearly & annual financial audit.
Finance & Accounting
Fleet Management
• Management of company fleet (250+, equipment & vehicles) in liaison with operations team daily.
• Set out procedures (duly reviewed & approved by management) for operation teams for renting out & usage for own company projects, via issuance of gate pass.
• Daily mob/demob monitoring & updates in the master sheet.
• Monthly time sheet follow up for invoicing of rented equipment / vehicles & prompt submission of invoices to clients.
• Overall controlling of fleet rent & negotiation with vendors on contract / lpo, collection of financial guarantee for the equipment rented.
• Payment follow up & timely collection.
Designation Chronology:
• March 2008 - June 2010: Accountant
• June 2010 - June 2011: Chief Accountant
Inducted as Accountant and moved up the career hierarchy meriting promotion to the position of Chief Accountant, through exceptional performance.
Highlights:
• Key person for handling finance and accounting function for high end projects in UAE like SERCO for RTA roads work in Dubai, Dubai Waterfront with Nakheel including projects at Oman and Qatar.
• Played a significant role in conducting external financial audit for the FYE 2007 in collaboration with auditors Parker & Randal - Harris & Associates.
Overall Responsibilities:
• Handled full operational remit of all accounting functions e.g. preparing entries, general ledger postings, formulating financial statements, balance sheets, bank reconciliations and maintained and updated accurate financial databases.
• Examined and analyzed accounting records, financial statements, and other financial reports to verify accurateness, totality, and adherence to organizational/legal/regulatory standards and procedures.
• Administered project accounting and finance, collated time sheets for allocation to specific projects, classified details job-wise/ project wise and developed service reports for strategic analysis and interpretation by top management.
• Computed verified and recorded staff pay roll in multiple currencies, registered staff advances, annual leave and indemnity, labor cost allocation, for smooth disbursement of staff salaries and other obligations.
• Liaised largely with bank to perform bank transactions like cash withdrawals, deposits, distributing checks, monitoring check requests, resolving bank fee anomalies, interbank transfers, etc.
• Judiciously handled petty cash of the organization, disbursed request for office expenses after formal verification and requisite approvals from seniors.
• Closely moderated movements in fixed assets of the organization analyzed and updated detailed schedule of accumulated depreciation and posted the same to accurate ledger accounts.
• Developed a rigorous follow-up mechanism for receiving timely payments from debtors and facilitating timely payments to creditors after formal verification and approvals.
• Generated various MIS reports, computed key financial indicative ratios and other financial information for strategic analysis & interpretation by top management on regular basis.
Key Responsibilities:
• Prepared a variety of financial statements, reports, reconciled bank cash flow statements, issued trial balance on monthly/quarterly/yearly basis, and assisted senior accountant to execute various accounting functions.
• Scrutinized figures of financial statements, postings, and documents for accuracy and conformance to various accounting/organization/legal standards, policies and procedures. Maintained financial security by establishing internal controls.
• Mediated with banks, customers, suppliers, furnished all the vital statements required by them on time, maintained a formal follow-up to receive payments and ensured that all checks/payments are supported by mandatory approvals.
• Maintained requisite documents, files, databases, etc. Verified accuracy of financial statements and other accounting documents. Compiled data and prepared variety of reports.
• Fostered an environment of accounting control procedures, streamlined business processes with an aim to enhance operational efficiency of the organization with total adherence to its policy and methodologies.
Key Responsibilities:
• Computed financial statements, drew up financial reports, reconciled and maintained balance sheet accounts, facilitated in tax computations and returns, assisted in preparing budgets and forecasts.
• Administered the input and handling of financial data and reports for the organization's automated financial systems, develop and maintain financial data bases, computer software systems and manual filing systems.
• Communicated effectively and responded to all financial correspondences, liaised with client’s creditors, bankers, financial institutions, debtors in support of assigned duties.
Other Professional Experiences:
• January 2001 - May 2003, Supervisor, Oasis Travels - Chennai and Oasis Exporters - Trivandrum, India.
Currently Pursuing