Financial Controller
Arlo Insurance Brokers LLC
Total years of experience :18 years, 4 Months
• Heading up of the accounting department, getting structures and systems into place. Management of a 3 member administrative and accounting team
• Creation of companies on new accounting software and training staff to utilize same
• Capturing and reconciling of Accounts Payable, Accounts Receivable, Bank and Fixed Asset Register.
• Recording of monthly general journals, including accruals, prepayments and recurring journals.
• Monthly updating and analysis of complete General Ledger to ensure accuracy and completeness
• Facilitating accurate recording of inter-company transactions and reconciliation thereof
• Consolidated Quarterly Management Reports with incorporating various currencies (EURO, USD, GBP, AED).
• Preparation of monthly payroll, salary slips and commission statements
• Weekly Cash Flow forecasts for two companies up to 1.5 million AED
• Preparation of ad hoc reports for Managers meetings
• Assisting External Auditors during quarterly audits.
• Liaising with Managers to ensure that the organizational objectives are achieved through proper internal and cost controls
• I reported to the Group Financial Controller
• Management of a 5 member administrative and accounting team
• Monthly analysis of complete General Ledger to ensure accuracy and completeness (Scrutinizing irregularities)
• Facilitating accurate recording of inter-company transactions and reconciliation thereof
• Assisting with preparation of the Group Consolidated Quarterly Management Reports encompassing companies with various currencies (EURO, USD, MZN, ZAR).
• Reconciliation of VIP Payroll to accounting records
• Monthly submission of Cash Flow forecasts for all companies up to R8 million
• Preparation of Caseware expense and ad hoc reports for Managers
• Liaised with External Auditors during interim and final audit, facilitating open lines of communication and good workflow.
• Preparation of Annual Financial Statements, communicating with Auditors throughout the process
• Collaborate with fellow finance team members to support overall department goals and objectives.
• Train and evaluate employees to enhance their performance, development, and work product.
Accountant
• Managed a team of 8 bookkeepers to ensure accurate recording and reconciliation of Creditors Ledger, Debtors Ledger, Fixed Assets, Payroll, Petty Cash, Cash Books and month end journals.
• Reconciliation of all inter-company loan accounts
• Preparation of monthly Management Accounts (Trial Balance to Balance Sheet).
• Maintaining accurate records of consignment stock from fellow subsidiaries.
• Compiling performance reports (Including Power Point) comparing actual vs budget, accompanied by written variance explanations for the Board of Directors.
• Assisting in the preparation of the Group Consolidated monthly reports encompassing companies with various currencies (EURO, ND, ZAR)
• Liaising with External Auditors during annual audit.
• Preparation of Annual Financial Statements, finalizing it with External Auditors.
• Facilitating the budget process, reviewing budgets with a combined revenue figure exceeding R100 million and liaising with Managers to ensure reasonable, forward thinking and achievable budgets are presented to Directors.
• South African Revenue Services liaison, addressing any VAT and Diesel rebate queries
• Costing forecasts for fishing division, identifying key performance indicators (catch, weather, fuel price etc.)
• Feasibility reporting when presented with various catch agreements from potential partners.
• Inventory control by reconciling physical to theoretical on a monthly basis, investigating variances.
• Preparation of the annual budgets and periodical best estimates for the fishing division, revenue up to R60 million.
• Various ad-hoc financial reports for Directors and Partners.
• Liaising with Partners throughout the audit and financial statement preparation process, addressing any concerns that the Partners as well as the Partners Auditors may have.
• Providing appropriate recommendations to Management in order to strengthen business controls, improve operations, and reduce costs.
• Reported to the Financial Director.
• Started at the Platinum Group as a data entry clerk and was promoted to senior bookkeeper four months later.
• Maintained the General Ledger for one brand (Urban Degree) which consisted of 7 stores.
• Monthly Cash Book reconciliations, liaised with store Managers on discrepancies arising between sales and daily deposits.
• Creditors Ledger reconciliations, as well as negotiating credit terms with the existing and new suppliers.
• Month end journals which included, accruals; recurring journals (mainly write offs) and provisions.
• Preparation of Management Accounts (To Statement of Comprehensive Income)
• Overseeing Internal Controls within the Urban Degree stores.
• Ensuring good stock control and staying involved in store stock takes.
• Preparation of a weekly stock reports to present to the Brand Manager.
• Top two students were chosen from the Internal Auditing course every year to work for the internal audit lecturer who carried out his own independent external audits for small to medium companies (Mainly manufacturing).
• Worked as an auditing clerk and performed various audit tests on the following cycles: Wages and Salaries, Creditors, Debtors, Fixed Assets and Goods Receiving.
