Finance Manager
Chilli Zone Limited
Total years of experience :42 years, 4 months
After migration to United Kingdom in June 2005 started working as Assistant Finance Manager and in September 2007 promoted to the current position. Responsibilities include:
Preparation of monthly management accounts giving comparison with budget and commentary on the major items of the profit & loss and balance sheet.
Balance sheet items reconciliations including bank, receivables, payables, prepayments and fixed assets.
Preparation of Budget in coordination with sales and marketing.
Monitoring of receivables and chasing of over 90 days old receivables.
Audit of franchisees in respect of the invoicing/debit notes/marketing expense
Preparation and filing of VAT returns
Worked as Project Controller within an integrated oil and gas engineering company, finalising all the details for an $18.4 million construction project.
Prepared the monthly management and annual statutory accounts, evaluating costs and prepared forecasts for projects worth over $500k.
Verification of fixed assets as to cost of purchase and abnormal repairs, and calculation of depreciation.
Monitored bank balances and receivables/payables, capital expenditure, maintenance of assets register and reconciliation of bank and balance sheet entries.
Managed the payroll processing procedure to ensure timely and accurate payment of wages to over 1200 employees.
• Assisted CEO of the company in the management of the business, review and realignment of accounting policies and procedures while restructuring business operations to improve efficiency and performance which transformed the business results from loss into profit.
• Lead negotiations with lenders and review commercial arrangements and resolve issues with Lawyers and consultants for achieving specific business objectives; Developed and maintained relations with Key Customers, Vendors/Suppliers, bankers, outside analysts and the financial community; Ensured effective treasury performance, including financial planning and funds management; Developed people resources to ensure skills are aligned to roles; Ensured career development and succession planning exists and High potential talent is developed; and Ensured Company’s policies and Codes of Conduct are adhered to and exceptions highlighted.
• Evaluated unit costs, contribution margins and profitability, conducted various simulations, reviewed distribution and marketing costs, commitments liabilities and financing requirements.
• Prepared and analysed management and statutory accounts, budget and cash flow and presenting them to the Board of Directors.
• Coordinated all operations within the accounts, procurement and stores departments and developed systems for inventory planning and an integrated computerised accounting process.
• Prepared and issued minutes of Board and shareholders meetings and ensured compliance with all statutory filing.
(Franchisee of Kentucky Fried Chicken)
Developing and implementing a management information pack detailing monthly profit and loss results, material cost variance analysis and an executive summary for the licensee of 34 KFC restaurants.
Overseeing all activities within the Accounts department including nominal ledger, purchase ledger, sales ledger and payroll while supervising a team of 10 staff.
Formed an internal audit department to verify the capital and revenue expenditure and adherence to the company policies at all levels.
Preparing cash flow forecasts on an annual and five yearly basis, producing statutory accounts and finalising all the details with the external auditors
Ensuring the preparation and filing of the VAT returns on a monthly, quarterly and annual basis while maintaining accurate secretarial records on behalf of the company.
Producing monthly and annual statutory accounts and preparing budgets for 219 rooms luxury hotel in liaison with all operating departments, sales and marketing
Monthly reconciliations and detailing of balance sheet and profit and loss items
Responsible for the preparation and disbursement of management staff salary
Supervising a team of 25 staff while managing the general ledger, guest & city ledger, payables, payroll, cashiering, Food & Beverage costs, stores, procurement, income audit and receivables (credit control)
Monthly negotiations with the meat, sea food and vegetable suppliers to get the lowest possible rates.
Controlling of food and beverage cost with the assistance of F&B cost controller.
Verifying all billing of Marriott Corporation for franchise fee and marketing expenses.
Verification and payment of travel agents commissions on behalf of the company
Overseeing all matters relating to central excise and Sales Tax/VAT
Assisting tax advisors and lawyers with the preparation of cases and supporting them during tribunals
Acting for the Financial Controller during any periods of absence.
Preparing and issuing management and statutory accounts, liaising with banks and leasing companies, preparing tax returns and maintaining effective communication with the tax authorities
Reviewing internal systems, developing internal controls and audit procedures while initiating the introduction of a computerised system for inventory and general ledger
(Firm of accountants, tax and corporate advisors)
• Managing bookkeeping, income tax processing and other corporate matters on behalf of clients
Served for four years as an audit clerk with the above company.
- Qualified Chartered Accountancy Final Group-II examination. - Qualified Chartered Accountancy Intermediate examination in May 1985
Bachelors of Commerce in 2nd Division
