Assistant Finance Manager
Eltizam Asset Management Group
Total years of experience :11 years, 8 Months
Audits & Financial Reporting:
• Manage revenues in excess of half a Billion Dirhams currently under successful management;
• External Audits for a whole group under the group’s management by 15th March every year;
• Presentation of Audited Financial Statements to internal as well as external stakeholders
• Liaise with Internal Auditors (PwC/KPMG) for Group Internal Audit (yearly);
• Monthly financial reporting for all the real estate as well as facilities management segments under management and presentation of the same to the divisional managers and GMs;
• Quarterly cash flow projections for the group entities;
• Ad-hoc financial reports as per requirement;
VAT/TAX:
• VAT compliance for the whole group;
• Tax audits conducted by auditors as well as Federal Tax Authority (FTA);
• Registration/deregistration of companies with Federal Tax Authority (FTA);
• Adding/removing entities from the VAT Group;
• Preparation, review, and filing of VAT returns for a group;
• Filing of voluntary disclosures;
• Submission of clarification/reconsideration requests to FTA;
• Tax structuring for each country of operation;
• Meeting with the regulator for any tax related issue;
Budgeting:
• Annual budgets preparation and review for over 12 entities;
• Presentation of the budgets to internal and external stakeholders for approvals;
• Getting the budgets reviewed and audited by the budget review auditors;
• Monitoring and controlling of budgets to ensure actual spend does not exceed budget
• Integration of FM-BCS (Budgetary Control System) with other SAP components
• Monthly meetings with Divisional managers and Heads to review the actuals results with budgets
SAP Development:
• SAP S/4 Hana 1809 implementation on over 12 Entities and ongoing;
• SAP Commerce Automation module implementation;
• SAP Collection and Dispute Management module implementation;
• SAP Fund Management Budget Control System (FM-BCS) module implementation;
• SAP Robotic Process Automation implementation;
- Preparing Budget after having discussions with the department’s head.
- Discussions with Departments head regarding their monthly profitability reports.
- Responsible for preparing miscellaneous monthly management reports for company’s internal analysis.
- Developing a forecast and re-visiting it every month end to re-forecast the numbers.
- Perform a Variance analysis on monthly basis and reach on the root cause for adversely impacted accounts through discussion with GMs.
- Collaborates with executives and project managers to develop a budget
Financial Reporting, Monthly Profitability Reporting, Variance Analysis, Preparing Budgets, Developing Forecasts, Financial advice to the colleagues, Balance Sheet Reviews to Management, Co-ordination with Internal and External Auditor, SAP knowledge
- Responsible for preparing annual financial statements in accordance with international accounting standards (IAS) and international financial reporting standards (IFRS).
- Responsible for preparing miscellaneous monthly management reports for company’s internal analysis.
- Discussions with Departments head regarding their monthly profitability reports.
- Preparing Budget after having discussions with the department’s head.
- Developing a forecast and re-visiting it every month end to re-forecast the numbers.
- Perform a Variance analysis on monthly basis and reach on the root cause for adversely impacted accounts through discussion with GMs.
- Review, investigates, and corrects errors and inconsistencies in financial entries, documents and reports.
- Analyze transactional processes and identify areas where additional accuracies and efficiencies can be achieved.
- Taking care of the Accruals, Prepayments, and Advances paid and received to Vendors and Customers respectively.
- Liaise with auditors for finalization of statutory annual financial statements.
- Implementation of FM-BCS module in SAP. (Fund Management-Budgeting Control System)
- Enhance the credibility of accounts functions by generating accurate and timely reports.
Responsibilities:
Preparing Financial Statement, Financial Reporting, Cash flow Forecasting, Accounts Receivable Management, Accounts Payable Management, Monthly Reconciliation of GL a/c, CAPEX & OPEX, Payroll, MIS Reports, Ratio Analysis, Assistance in Budgeting Process,
• Preparing financial analyses and reports.
• Month end process including GL reconciliations, analytics, Balance Sheet reconciliations, closure of GL, Accruals, and Prepayments.
• My main responsibility in this role was to control group expenses;
• Creating strategies to control departmental costs specifically in inventories;
• Creating cost reports and reporting to senior management;
• Analysing budgeted and actual expenses and coordinating with the concerned departments for the variances;
• Enforcing the predetermined budgets and following the process of additional expenditure approvals;
• Creating financial reports and tracking current spending in relation to the overall budget, and then presenting these to management.
• Maintaining and reconciling balance sheet and general ledger accounts.
• Investigating and resolving audit findings, account discrepancies, and issues of non-compliance.
• Collections of revenue, posting relevant entries in system, posting of BRV, CRV and BPV. Depositing all the clinical income and donations to the banks;
• Preparing daily departmental collections report for management review;
• Explaining billing invoices and accounting policies to staff, vendors and clients;
• Assisting Deputy Finance Manager in monthly payroll;
• Employee medical reimbursements, and employee advances.
Responsibilities:
GL Accounting, Inventory Reports, Handling Accounts Receivables & Accounts Payable. Handling Payroll, Invoicing to Contractors, MIS Reports,
• Examining bank statements and reconciling them with general ledger entries
• Examining expenses submitted by employees
• Keeping an eye on incoming payments from accounts receivable and outgoing payments from accounts payable
• Creating company financial reports with the above information included
• Analyzing data collected in order to determine the state of the company’s financial health
• Employee medical reimbursements, and employee advances.
• Booking of PRO related expenses, and claims.
Responsibilities:
Auditing, GL Accounting, Examine & Preparation of Financial Statements, Financial Statement Analysis, Fixed Asset Register.
Accounting Skills:
- To prepare, examine and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness and procedural standards in accordance with international financial reporting standards (IFRS).
- Conducting analytical reviews and financial statement analysis
- To implement the accounting policies as per IFRS for purchase, disposal, acquisition, depreciation and amortization.
- Prepare audit schedule for fixed assets; prepare bank deposits, payments and other reconciliation;
- Perform Bookkeeping of different companies (clients)
• CitroPak Limited (A largest pulp producer of Pakistan)
• Monnoo Group of Industries (Textile Industry)
• Yummy Milk Products Limited (Ice Cream)
• Urban Garden Services (Pvt) Limited (Services Provider)
• Al Khair Foundation (UK) (NGO)
• Brooke Hospital of Animals (UK) (NGO)
- Establish chart of accounts and assign entries to proper accounts,
- Preparation of Bank Reconciliation Statement.
- Maintain accounts receivables and payable files; prepare ageing statement of debtors and creditors.
- Maintain HR files and records of all employees.
- Booking of Liabilities, Prepayments, Salaries and Advances to Staff; preparing of audit schedule at the end of financial year regarding Liabilities, Prepayments, and all profit and loss expenditure; scrutiny of various ledgers
- Extensive knowledge of international accounting standards (IAS) and international standards on auditing (ISA)
Auditing Skills:
- Audit Program
- Annual stock take
- Physical verification of stock;
- Audit of Books of Accounts of different kind of organization including listed and unlisted companies.
- Making financial reports as Statement of Financial Position, Statement of Comprehensive Income, and Statement of Cash flow, Statement of Changes in Equity, depreciation Schedule and Bank Reconciliation Statement.
CA - UAE Accountants and Auditors Association Authority (AAA)
Associate Member of CPA.
- Financial Accounting - Auditing (INT) - Financial Management (FM) - Governance, Risks and Ethics - Corporate Reporting - Business Analysis (BA) - Advanced Assurance and Auditing (AAA) - Advanced Financial Management Hold Membership Status of ACCA.
