Group Accounts Manager
AL SHAALI MOTO TRADING LLC
Total years of experience :13 years, 11 Months
Key Deliverables:
• Responsible for managing company’s product (BAIC / CFMOT / Electric Vehicles); as Accounts Manager, spearheading a multitude of responsibilities spanning cash flow, risk & compliance, accounts, audit, annual budget and landing from different houses of the entire business while ensuring profit and value maximization for entire stakeholders.
• Developing, recommending and directing all short term and long-range financial plans consistent with corporate philosophy and strategies; providing direction to all accounting operations to insure corporate financial data is as accurate and timely as possible, cash and assets are maximized and accounting systems are reliable and efficiently implemented.
• Managing the roll-out of the annual plan/budget for all finance units to support the overall strategic objectives of the company; overseeing all the company's branches related financial activities.
• Developing an effective and realistic annual plan, involving detailed monthly budgets for all line items, and preparing monthly cash flow and profitability projections.
• Holding stewardship for monthly, quarterly, and yearly closure of accounts and allied activities, finalization of schedules to balance sheet and provision for expenses, and preparation of requisite MIS.
• Meticulously conducting an in-depth analysis of expenses to identify variance in expenditure, if any, over different periods, and providing dashboard reports to management.
• Ensure and optimize cash position by minimizing the ideal cash through netting while reducing the finance cost.
• Restrain the finance cost within the budget by managing cash flows through forecasts and regular reviews and update to management regarding liquidity for future course of action.
• Manage the working capital facilities based on the forecasted payments to improve the utilization of facilities by wide base of appropriate funding alternatives for present and future finance requirements
• Registered active involvement in reviewing:
o Management Reports ensuring its accuracy and timely submission to Board of Management.
o Balance sheet & nominal account analysis and ensuring timely disposition on reconciling items or errors.
o All business reports from organization including but not limited to Sales Reports, Profit & Loss Statements, Admin Expense Reports, CAPEX reports, OPEX Reports, etc.
o Reviews and evaluations for cost-reduction opportunities for the entire organization.
• Strategically contributed in creating internal financial policies to manage risk and optimize financial controls in the organization; supported management in decision making by evaluating store financial viability and providing recommendations and interpreting business financial reports and providing insights.
• Monitored and analysed monthly budget spending, company operations costs, pricing, variable contributions, sales results, and the company’s actual performance compared to the business plans
• Monitored and interpreted cash flows and reports future trends, and proposes dividend payouts and payments of outstanding payables, if any.
• Spearheaded the preparation of the Annual Operating and Capital Budgets for the business, including Sales, Profit & Loss, Store Expansion/Closure Plans. Also, in-charge of budget review and finalization for each support unit or departments.
• Monitored and analysed sales and profit performance of the country/market, projected business outlook and presented to the Country Head for comments/approval every month.
• Tracked profitability and Return on Investment (ROI) of stores.
• Created management tools to measure project’s financial and operational performance viz. financial ratios, trend analysis, key performance indicators, budget model and management reports, managing financial models.
• Prepared the business cases with full scale financial models and relevant higher management presentations to pitch the project for approval.
• Evaluate, improve, and report the efficiency of business processes and procedures to enhance profitability and qualitative results
• Engage in effective feedback systems to monitor and communicate operational and strategic alignment with interdepartmental objectives
• Manage departmental budget and profitability metrics
• Communicate relevant project information to stakeholders, including holding regular status meetings with the project team, resolving or escalating issues in a timely fashion, and communicating sensitive information tactfully
• Collaborate with internal Brand and Sales teams and external partners to develop go to market (GTM) strategies
• Control the execution of multiple concurrent projects to ensure that commitments are met within established scope, budget, schedule, and timeline
Developed restaurant policies and procedures, obtaining the necessary approvals from senior management, and ensuring
effective implementation.
• Pioneering role in implementing and managing new accounting systems along with inventory management, working
replacement and procedures as per IFRS/IAS.
• Supervising and preparing operational and strategic business plans, forecasts and feasibility studies and implementing
financial controls in the businesses to stop misuse and misappropriation of funds or assets and inefficient cost control.
• Preparation of annual budgets per business unit with quarterly updated rolling forecasts; preparation and presentation
of monthly Business Review Pack (BUR).
• Submission of a monthly financial report summarizing the performance of the businesses under your control, which
includes a P&L, variance analysis against budget and forecast, balance sheet, Finalizing VAT, and cash flow, focus areas for
the next month, control weaknesses and corrective actions.
• Management and control of all banking-related transactions within the Hospitality Division.
• Daily cash flow monitoring and management which includes the management of payables.
• Oversaw and controlled the purchasing department ensuring the right item is purchased at the most competitive price.
Supervised and prepared brand and location wise P&L for 130 brands (Subway, Vanallies, Tariyake, Padthai, Al Managal).
- Successfully completed audit for 4 subsequent years i.e.
Key Deliverables:
• Pioneering role in implementing and managing new accounting systems DMS and procedures as per IFRS/IAS.
• Provided guidance and operational support based on a specific business need as well as supported the management team in achieving profitability target and cash flow position.
• Maintained Fixed Assets along with depreciation schedules for proper recording of new purchases and disposals of fixed Assets and create all associated journal entries and reconciliation
• Managed a spectrum of accounting activities viz. performing, examining, and analyzing daily banking &cash entries and reconciliations, overseeing the general ledger system.
• Reviewed and posted monthly closing entries including, provisions and accruals, roll-over & upload of monthly B/S & P/l movements in ERP and preparing reconciliations.
• Handled external/internal audit (interim/final) including coordinating with auditors, preparing the financials, notes to accounts & providing/organizing schedules as per their requirement.
• Provided high-end accounting support and communication with all locations and departments within the company, in addition to, assisting &preparing the annual budget through producing detailed and accurate reports.
Accounts & Reporting
• Served as a notable part of team engaged in implementing SAP (FICO).
Worked as Peachtree & QuickBooks Trainer and implemented in multiple organizations.
