Assistant Finance Manager
METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Total years of experience :29 years, 3 Months
At present working in a cross-functional team Handling day to day accounting function Analysis of Investment and new opportunity handling Budgeting, Management Reporting and Internal As well as external Auditors.
Cash & Sales Control:
Monitoring Sales along with controlling Cash deposit.
Inventory Control:
Keeping track of Inventory in efficient and professional manner to avoid excess or shortage of stock.
Product Costing:
Having expertise in dealing with Supplier, Banks, Custom Authority as well as local clearing agent I can assure the most accurate costing of items with a cross check on reasonable and correct Costing as per IFRS.
Receivable Collection:
Strong cash flow with minimum list of outstanding receivable I use the timely follow up with a diplomatic manner to minimize the Receivable and healthy relation with customers.
Cash Bank Reconciliation:
While dealing all the major banks in Kuwait developed the best practice of maintaining Cash Flow cycle and most accurate Bank reconciliation with 100% resolving error either in bank or as per our books of account.
Budgeting & Planning:
Active participation in strategic planning, introducing programs and regulatory actions.
Responsible for the Accounts & Finance management alongside risk management.
Monthly & quarterly budget Preparation, approval, execution with annual financial plans.
Financial planning & Budgeting as per corporate directives, to achieve overall business objectives.
Facilitating the finalization of Companies annual budget and closely monitoring the performance against set budgets.
Treasury Management:
Operational cash flow management for short & long term liquidity with banks.
Preparing consolidated financials for the group, allocating resources as budgeted.
Ensure timely & accurate invoicing & collection according to contract terms.
Proper control & follow up on collection and receivables.
Investment Proposals & Business Feasibilities:
New projects recommendation, Cash in/out flows and profitability regarding investments and cash strategies.
Report Preparation, Analysis & Recommendation:
Preparation of monthly quarterly / annually management reports Profit and Loss, Balance Sheet, inter-Company Statements Cash Flow Statement, Bank Reconciliation and other operating financial reports.
Analyze financial reports for management which includes variance analysis of revenue and expenses both current vs. last and actual vs. budgeted, profitability, liquidity, turnover ratio analysis and project wise profitability analysis monthly, quarterly & annually.
Auditing expenses and revenue annually.
Prepare financial statements for corporate publications / Customers / Banks.
Consolidation & Analysis of group reports to update management for current & future scenario along recommendations.
Follow ups, Monitoring & control:
Follow up of project results, analysis of the performance, finding variances and implementing measures to improve performance.
Monitor the budgets annually, quarterly & monthly and analyze the variances and its causes and initiate/ advise proper & timely action.
Manage all company related payments including suppliers, vendors, contractors and personnel payroll.
Relationship with internal & external customers:
Monitoring departments’ performance against targets, review contracts and coordinate with lawyer for legal advises and incorporate the required to the contract. Also coordinate with bankers for obtaining bank facilities, guarantees, letter or credits & foreign exchange transactions.
Development & Implementation of SOPs & Policies:
Standardized financial policies and procedures as per recent trends and experiences while improving financial systems, procedures & control.
Financial Accounting:
Maintaining accuracy, integrity and quality of all fixed assets register, GL & SL accounting, Account Receivable with collection, Bank reconciliation.
Worked in Al- Hasawi Industrial Group an ISO 9002 certified Company, Al- Hasawi is one of the leading groups of companies in Kuwait who are engaged in the business of Manufacturing, Trading, Maintenance of Air Condition, Refrigerator, Water Cooler, Water Heater as well as the spare parts etc. and has the sole distributorship of two American giant companies SEARS INTERNATIONAL & ACE HARDWARE.
Western Bakeries Co. Ltd. is one of the largest FMCG Co. highly advanced in bakery section, While working with W.B. Co. Ltd. I was in-charge of entire Receivable department and also responsible for day-to-day accounting functions.
Hasmukh Savla & Co. (Chartered Accountants) Here i join after compliting my graduation to get some professional experience in the field of Finance which is my passion.
Part 1 1.1 Preparing Financial Statements 1.2 Financial Information for Management 1.3 Managing People Part 2 2.1 Information Systems
B. Com- Bachelor of Commerce Three Year’s Integrated Course HSC.- Higher Secondary Certificate Exam Two Year’s Integrated Course SSC.- Secondary School Certificate 10 Year’s Course
Financial Accounts
Higher Secondery Certificate
