Group Finance Analyst
Dubai Auto Gallery LLC
Total years of experience :13 years, 11 Months
Perform month / year end closing activities. Perform reconciliation of all accounting transactions to ensure that they are error free and that all accounting transactions and entries are correctly captured
•Analyzing Variances (Cost Variances, Profitability Variances, Product Pricing Analysis etc.) and trends & preparing relevant MIS on monthly basis for management to take on decisions for forthcoming months/years projections and Plans
•Preparing the monthly AR exemption report
•Prepare fixed asset reconciliations on a periodic basis to ensure all fixed asset balances are accurate
•Ensure accurate depreciation and retirement of fixed assets is run in the system on a periodic basis
•Prepare Accounts Receivable ageing and track the invoices on a periodic basis. Follow-up for the collection of amounts on a periodic basis
•Review each expense incurred to ensure proper application of the account code
•Preparation of the reconciliation for the Key vendor/customer, Bank& Intercompany.
Prepare and maintain financial records and working papers in support of transactions and ensure transactions are posted to the appropriate general ledger accounts
•Process the invoices into the system according to agreed procedures and ensures appropriate matching with PO, client contracts/proposals/engagement letters as applicable
•Follow up of collection and allocation of payments received from clients against invoices outstanding
•Assist monthly closing activities by booking all receipts, credit notes, and petty cash vouchers before the deadlines
•Assist quarterly tax filing working schedules, provide related information to external tax consulting firm; ensure period-end reporting comply with Federal Tax Authority requirements
•Assist in preparation of the accruals overview, ageing analysis, and other similar reports
•Manage accounting activities towards accurate and timely reporting of the Company's financials and close process in accordance with regulatory guidelines and company procedures
•Liaising with banks for day-to-day transactions
•Seek out methods for minimising financial risk to the company
•Responsible to collect, process and deliver relevant, timely, and accurate information used for financial and operational business decisions
•Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards
•Tracking and resolving outstanding payment issues and generate weekly aging reports in a timely manner
•Follow up with the customers regarding the receivables upon the due date
•Review all supplier invoices for appropriate documentation, and requesting disbursements approval prior to prepare payment
•Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs
•Manage the monthly closing process and ensure all accounts are reviewed for reasonableness and exceptional/unusual transactions prior to submission
•Review all month-end reconciliations and journal entries work to resolve any discrepancies
•Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or provide advice
•Report to management regarding the finances of establishment
•Identifying and promoting cost-reducing measures
•Handling the petty cash expenses
•Prepare special financial reports by collecting, analyzing, and summarizing account information and trends
•Analyzing financial information to produce forecasts of business, industry, and economic conditions in order to make informed investment decisions
•Develop detailed financial analysis by analyzing multiple data elements from various financial systems and reports
•Develop financial comparison analysis, such as issue-to-issue, quarter over-quarter, budget performance, and year-over-year schedules
•Reporting Analyzing, investigating, and explaining key movements and trends in a given data
•Provides information to management by assembling and summarizing data; preparing reports; preparing findings, analyses, and recommendations
•Develop and consolidate financial analysis to support Business Units reporting, such as monthly forecast, budget and/or business plan
•Plan and organize the work-flow on a regular basis and optimal team utilization and responsible for deliverables, quality, process efficiency, and process improvements
•Providing important information to reporting authority to analyze and improve utilization, quality, efficiency etc.
•Create Extensible Business Reporting Language (XBRL) to increase data integrity Other Experience: -
Period: Oct-2009 to Mar-2010
Master of Business Administration (Finance)
BBA