Finance & Administration Manager
MODERN MACHINERY TRADING
Total years of experience :22 years, 7 months
• Spearhead day to day operations of the finance/ admin department and collaborate with the General Manager in effectively implementing business strategies
• Assist the senior management in evaluating sales, market share as well as opportunities for expansion into new product areas aimed at minimizing costs and maximizing profits
• Define/ implement risk mitigation procedures for identifying/ mitigating organizational risks
• Set up effective controls & forecasts highlighting organizational financial health to enable effective decision making by the senior management team
• Prepare/ manage budgets, cash flow/ cost control strategies. Conduct contracts and feasibility study
• Optimize resource utilization by implementing transaction processing systems based on management, customer, supplier and internal partners requirements
• Update organizational financial status to the senior management and other stakeholders using detailed reports/ presentation in compliance to organizational policies as well as statutory regulations
• Evaluate reports to analyze projections of sales and profits against actual figures, expenses against budgets to streamline organizational planning process and operations
• Manage banking facilities encompassing letter of credit, letter of guarantee, shipping, insurance, trust receipts and bill discounting
• Facilitate short term/ long term funds, working capital and term loan for survival of a particular project
• Functioned as member of the senior management team with dual reporting to Audit Committee and CEO
• Implement the complete set up standard internal audit manual and developing annual internal audit plan
• Evaluated audit findings to be highlighted to the CEO and audit Committee (based on functional relevance, urgency, seriousness etc.)
• Ensured compliance to annual plan for conducting internal audit for all departments followed by reporting to the CEO and Board Audit Committee. Presented quarterly audit report to the Audit Committee
• Prepared/ presented reports on achievements of internal audit department including risk based on audit plan to verify compliance of all units to corporate policies/procedures risk based on audit plan to maintain compliance of all units to corporate policies/procedures and other risk management measures
• Followed up with various departments in ensuring compliance to corporate policies and procedures
• Implemented various process improvement initiatives as well as internal controls for streamlining auditing systems and procedures
• Maintained internal audit guides highlighting audit standards for various functions. Conducted special audit assignments based on business/ operational requirements
• Scheduled & conducted Shariah Audit together with Shariah Board member
• Acquainted Board of Directors, Management and Employees with rules and regulations of regulatory agencies for implementing the same in day to day business operations
• Prepared/ presented Annual Governance Report under the law of ESCA 518 year 2009
• Liaised between the organization and regulatory agencies; Reported on policies, programs and activities of the department to the Audit Committee and Management
• Involved in transaction monitoring and AML investigations. Evaluated agreements/ correspondence with third parties to ensure compliance to statutory regulation and organizational processes
• Set up, maintained and revised policies/ procedures for the general operation of the Compliance Program. Defined reviews/ updates related to Standards of Conduct for guiding the management and employees
• Partnered with other departments in routing compliance issues to appropriate existing channels for investigation and resolution
• Evaluated/ recommended investigative procedures pertaining to alleged violations of rules, regulations, policies, procedures and Standards of Conduct
• Functioned as independent review/ evaluation body for effective evaluation, investigation and resolution of compliance issues
• Conducted Annual General Assembly Meeting; prepared Shariah governance and structure based on guidelines and instructions of Shariah Board followed by reporting of non-compliance to Shariah Board
• Assisted the management and other departments in soliciting Shariah related clarifications/regulation from the regulator
Prepared and implementing the finance and accounting policies and procedure.
Developed the accounting system software.
Prepared the budget along with forecasting and cash flow.
Prepared the final balance sheet and income statement.
Reconcile the accounts with sales units.
Statutory Audits of Public Shareholding Companies, Limited liability Companies, Partnership Firms and other organizations.
Evaluation of Internal Control Systems and drafting appropriate management letters, high lighting the weaknesses in the control structure and recommendations for improving the system.
Performing internal audit for Sharjah insurance and Sharjah Bank.
Analytical Review of client’s operations and recommendations to the same.
Special assignments - Investigation of misappropriations, business valuation.
Supervision the team of audit assistants.
Was doing all daily Transactions
Bank Reconciliation
Receivable & Payable
Billing
collection statements
comprehensive T.B
Balance Sheet
completion of Certified Compliance Professional
Completion of Bachelor of Commerce
Completion of commerce high School