Manager Finance
Al Saaed Associates
Total years of experience :13 years, 0 Months
Managing Finance and Accounts Department.
* Preparation & Finalization of MIS Reports (Bank Facility Utilization, Cash Flows Total, Profitability & CRM).
* Monitoring & Supervision of Daily Funds Report, Invoicing & Receivables, Expenses & Payable - Project Wise, Accrued Expenses on Daily Basis.
* Dealing with Banks & Financial Institutions for Financing.
* Coordination with Sales Person regarding review of New projects, Cash Flow, Profitability, Payment Terms, Completion of Projects.
* Coordination with Projects Team regarding Projects Completion & Invoicing.
* Finalization of Monthly Consolidated Books of accounts for Centric DMCC (Dubai) & Centric (SMC-PVT) Ltd (Karachi).
* Payroll Processing for Dubai Branch & Pakistan Branch.
* Statutory compliance for Dubai & Pakistan Branch (FTA & DMCC - U.A.E, SECP, SRB, PSEB & FBR - Pakistan).
* Liaisoning with Auditors for Branch Audit & Group Audit.
Preparation & Finalization of MIS Reports (Bank Facility Utilization, Cash Flows Total & Project wise, Unclosed JobCard Report, Collection Report, PAR Analysis, Production Report, Budgeted vs Actual, Invoicing against Targets) & Financial Statements.
Preparation of Budget & Forecasts.
Financial Analysis (Ratios) & Interpretation of MIS Reports, Financial Statements (Going Concern, Cash Flows, Working Capital Management & Profitability (Cost reductions)).
Monitoring & Supervision of Daily Funds Report, PDCs, Invoicing & Receivables, Expenses & Payable - Project Wise, Accrued Expenses on Daily Basis.
Dealing with Banks & Financial Institutions for Trade Finance Matters & Banking Facility (Mainly to Manage Supplier Payments, Open LCs for Suppliers & Customers, arrangement of Cash against documents for foreign suppliers, Bank Guarantees (Advance & Performance) for Projects & BG for Labour Department).
Coordination with Sales Person regarding review of New projects, Cash Flow, Profitability, Payment Terms, Completion of Projects.
Coordination with Projects Team regarding Projects Completion & Invoicing.
Coordination with Procurement team for Supplier Payments, Prices, Payment Terms with Suppliers.
Preparation & Finalization of Monthly Payroll - WPS as per UAE Labour Law (Loans, Advances, Personal Usages (Telephone, Salik, Fuel) & Other Deductions)
Verification & Allocation of Financial Transactions.
Supervision of 2 Sub Ordinates (Accounts Payable & Accounts Receivable)
Reconciliation & Consolidation of Branch Accounts.
Review and recommendation of modifications on accounting system and procedures.
Participation in financial standards setting and in forecast process.
Identification, analysis and interpretation of KPIs.
Direct Internal & External audits to ensure compliance.
Plan, assign and review staff’s work.
Support Month-end and Year-end close process.
Develop and document business processes and accounting policies to maintain and strengthen internal controls.
Key Achievements
Established & Lead Professionally Qualified Accounts Department within one Year of Employment. Provided Training to Site Accountants Nationwide.
Developed & Implemented SOPs for Accounts, Internal Audit, & Operations. Accounted Fixed Assets Located in seven Different Cities & Implemented IAS- 16. Established KPIs for distributions & evaluated their Performance.
Developed Reporting System to Analyze Cash flow & Profitability of each & every project.
Finance & General Accounting
Undertaking complex reconciliations relating to Corporate Customers, Suppliers, & Foreign Banks.
Managing Finances & Remittances particularly In Relation to Foreign Banks & Suppliers Abroad.
Verification & Authorization of Payable Invoices ensuring W/H I. Tax deduction & GST W/H.
Periodical Management & Segment Reporting for Different sites.
Administered Proper Allocation of Expenditures to Cost Centers & GL accounts.
Consolidation & preparation of Financial Statements.
Continually Monitoring of Distributors & Recommend Fund Inductions, Change in Inventory, & Debtor Turnover.
Credit Control
Debtors Management, Assessment of Credit Limit & Days for Corporate & Non Corporate Accounts.
Anticipating developments, & identifying accounts requiring special attention.
Maintaining accurate individual measurement and performance statistics.
Issuance of Dunning Letters to overdue accounts.
Budgeting & Costing
Preparation of Cost Sheets ensuring absorption of all direct Costs for Different Projects.
Pricing of Contracts in line with the targeted profit.
Allocation of Sales Over heads as per pre-defined criteria.
Maintaining control over Budgeted Expenditures & Reporting Variances.
Internal Audit & Control
Conduct risk assessment of assigned department or functional area in established/required timeline.
Develop & Implement checks & controls to ensure accuracy of Financial Data recording.
Monitor & review accounting & business system reports for accuracy and completeness.
Supervise the input, and handle financial data and reporting from accounting application.
Review Daily Reports Submitted by Sites.
• Worked as an Audit Senior ACCA accredited firm responsible for carrying out work on audit and assurance, bookkeeping and assisting in advisory service assignments
• Undertaking 3 years comprehensive audit training experience in prestigious firm initially as Audit Junior to Audit Senior
• Conducting statutory, non-statutory and project compliance audits in accordance with applicable accounting and auditing standards
• Diligently completing all assignments developing skills for achieving targets and augmenting interpersonal communications learning the benefits and importance of working as part of a team
o Audit and Assurance Services:
• Planning, execution and completion of audit assignments including responsibility for conducting preliminary reviews, drafting audit programs, supervision and review of 8 personnel, senior and semi-senior students
• Reporting to engagement partner, establishing and strengthening cordial client relationships through professional multi-level liaisons
• Preparing, examining, analysing and reviewing financial statements and accounting systems to form audit opinion per statutory and professional requirements of local, public sector and multinational organisations
o Bookkeeping Services:
• Providing and supervising bookkeeping assignments on Quick Books Accounting software to various clients including Not-for-Profit organisations and Limited companies
• Preparing accounts and reporting on monthly basis
• Worked on various compilation engagements of sole traders and partnership businesses
o Advisory Services:
• Assisting in the development and preparation of standard operation procedures and manuals for different organisations working on accounting policies, procurement and administration areas
Chatered Certified Accountant - ACCA
Bachelor of Arts
Certified Accounting Technician - CAT