Finance Manager
BAHMAN ENTERPRISES GROUP
Total years of experience :15 years, 0 Months
Finance Manager
May 2008 - present ( 6 years)
BAHMAN ENTERPRISES GROUP (Wholesale and Retail Trading of Household Appliances)
Dubai, United Arab Emirates
• Conduct periodic review and analysis of actual cashflow transactions in comparison with the budgets and initiates appropriate retrieval measures if required.
• Control and monitor proper allocation of working capital, CAPEX and other resources in line with the budgets.
• Review and authorize contracts, orders and vouchers within discretionary authorities prior to payment.
• Ensure timely and accurate reporting of interim, monthly and yearly financial information in accordance with the reporting requirements.
• Provide management with financial ratios and related KPI’s relevant in decision making.
• Perform periodic review of balance sheet and P& L accounts with variance analysis.
• Review and control intercompany reconciliations.
• Assist the management in making financial decisions, capital budgeting and investment decisions.
• Lead the entire accounting department of Bahman Enterprises Group.
• Consolidate financial and management reports of the group to the CEO.
• Spearhead annual budget planning, policy formulation, processes and budget consolidation.
• Guide department managers in all financial issues involving efficient planning, coordination and adherence to budgets and targets.
• Facilitate interim and annual fixed asset and stock count .
• Liaise with the banks for any financing requirements, credit facility applications and other trade finance related transactions
• Liaise with the auditors for the conduct of interim and annual audit of the group and its subsidiaries.
• Work closely with respective department managers in relation to operation, strategies and financial matters of the business.
• Supervise 5 staff and reports to the CEO, Deputy CEO and Managing Director
Senior Accountant - April 2007 - May 2008
AL MOJIL MIDDLE EAST LLC (Property developer, Interior Designs, Real Estate, Investment & Private Dining & Hospitality)
Dubai, United Arab Emirates
• Handles books of accounts up to finalization for Al Mojil Middle East LLC and its subsidiary companies.
• Prepares financial and management reports.
• Consolidates financial reports of the group including financial ratio analysis for management.
• Develops and implements effective accounting system for receivables and payables for the companies.
• Checks and reviews journal voucher entries (adjusting, reversal and inter-company transactions) and ensures correctness of account codes and descriptions, proper charging of general ledger accounts and accuracy of footings.
• Handles bank, accounts and inter-company reconciliations.
• Prepares schedules and analysis of significant accounts
• Maintains and controls general ledger, subsidiary ledgers and other accounting records.
• Handles invoicing and billing to tenants for lease of office space. Monitors recognition of revenues for the lease.
• Liaises and coordinates with the auditor for the audit of Al Mojil Group of companies.
• Supervises 2 assistant accountants and reports to the Finance Manager
Accountant - September 2006 - March 2007
KELE CONTRACTING LLC (General Building Contractor - High Rise and Towers)
Dubai, United Arab Emirates
• Handles entry of accounts payable and receivable transactions to the system. Ensures the accuracy and completeness of data before processing for payment and billing respectively.
• Generates aging of accounts payable report from the system and furnishes a monthly schedule of payment.
• Checks and reviews general ledger entries, make the necessary month-end adjusting and reversing entries applicable.
• Effectively schedules payments and cheque releasing in accordance with fund availability: • Follows -up needed documents to support processing of outstanding payables and invoices due;
• Prepares bank reconciliation.
• Handles accounts up to finalization and provide company's financial report.
• Handles processing of payroll of staff and labor.
• Coordinates with the engineering dept. for the progress billing percentage of the project, reviews payment certificates and prepares invoice to clients.
• Prepares project cost report and variance analysis.
PRIMARY STRUCTURES CORPORATION (General Building Contractor - High Rise and Towers)
Cebu, Philippines
Equipment Department Accounting Head - May 2001 - August 2006
• Supervises the overall accounting activity of heavy equipment rental branch.
• Ensures correctness and accuracy of general ledger entries in the system.
• Liaises with auditors during audit period as well as to banks for company's banking transactions.
• Updates General Ledger, check journal entries and prepares working trial balance
• Handles accounts up to finalization and provide company's financial and management reports
• Improves the division's accounting system of recording and documentation.
• Assists and spearheads in the implementation of the newly adapted accounting system.
• Handles cash flow of the equipment rental branch.
• Evaluates inventory and control inventory movements
• Processes payroll of staff and labor.
• Checks payment vouchers, accounts payable and journal voucher entries.
• Handles fixed assets lapsing schedule.
• Handles VAT and other tax reporting.
• Setting up of Accounting System and Procedures and supervises its implementation.
• Supervises 3 assistant accountants.
• Coordinates regularly with Engineering and Operations Dept. as to the submission of list of awarded projects, its corresponding contract amount, budgeted cost, and the project completion status.
• Gathers cost data from project sites and enter in the project ledger system.
• Generates monthly project cost report.
• Visits project sites for financial and year-end inventory audit.
• Computes project progress billings based on percentage of completion report submitted by the project in charge and make a monthly accrual in the system.
• Reviews actual and budgeted project cost report and make a variance analysis for management.
• Prepares statement of accounts (SOA) to clients
Accountant - July 1999 - April 2001
MURAMOTO-AUDIO VISUAL PHILS. (Japanese-owned manufacturing and export enterprise)
Cebu, Philippines
• Prepares monthly statement of cash flows;
• Handles and ensures completeness of recording of journal vouchers for monthly closing of book.
• Process payments to suppliers.
• Prepares monthly product costing and cost analysis
• Prepares sales invoices and billings to customers.
• Prepares monthly bank reconciliation and tax reports.
• Prepares accounts analysis (balance sheet and expenses) and MIS reports to management.
• Prepares monthly statement of cash flows;
• Handles and ensures completeness of recording of journal vouchers for monthly closing of book.
• Process payments to suppliers.
• Prepares monthly product costing and cost analysis
• Prepares sales invoices and billings to customers.
• Prepares monthly bank reconciliation and tax reports.
• Prepares accounts analysis (balance sheet and expenses) and MIS reports to management.
• Currently studies at - Canadian University of Dubai (CUD) • Dubai, United Arab Emirates • Master in Business Administration Major in Finance
Certified Public Accountant (CPA) •Graduated with honors (Cum Laude) • College - University of San Carlos • Cebu City Philippines • Bachelor of Science in Accountancy (BSA)