Finance Manager
Truba Arabia Co Ltd
Total years of experience :13 years, 4 Months
Designation Chronology
• Dec 2014 - Present, Finance Manager
• Aug 2011 - Nov 2014, Senior Accountant
Key Responsibilities as Finance Manager
Financial Planning & Administration
• Spearheading financial management for the company, relating to cashflow, budgets, revenues, and expenditures.
• Leading the annual budget preparation process, along with formulation of cashflow forecasts, and submitting it to the management for approval.
• Ensuring compliance to pre-defined budget preparation policies and timelines, providing decision-making support to key stakeholders.
• Handling allocation of budgets for operating expenditures and corporate operations, while maintaining constant track of budget utilization.
Financial Analysis & Reporting
• Conducting review of financial information about assets, liabilities, and capital, and administering control over profit & loss.
• Reviewing, scrutinizing, and approving balance sheets, P&L statements, and expenditure reports prepared by the accounts department.
• Analyzing financial statements, P&L status, cashflow, operational costs, and other reports to understand the company’s financial position.
• Providing rational projections of the company’s financial standing to the management on a periodic basis, to ensure that finances are streamlined.
Departmental Processes & Operations
• Involved in the authorization procedures for all contracts forged by the company with external parties, invoice vouchers, and other commercial documents.
• Developing and sustaining healthy professional relations with government authorities, banking partners, external auditors etc.
• Providing robust consultancy to the management with regard to the application of financial resources available with the company.
• Managing improvement initiatives with regard to existing accounting systems, financial policies, and standard operating procedures.
Key Responsibilities as Senior Accountant
Company Finances
• Managed company cash, controlled daily bank balances, handled fund transfers, and vendor payments.
• Supervised all transactions within the company on a day-to-day basis, while also managing cash flow and banking operation.
• Rolled-out effective processes for capturing payrolls, compiling reports, updating records, and transferring payrolls to the bank.
• Analyzed revenue and profitability numbers, and handled the preparation of Zakat and Income Tax, as per norms.
• Supervised and monitored the reconciliation process for all accounts between related parties such as suppliers, vendors, banks, and customers.
Operations Management
• Ensured maximum accuracy and reliability in handing the company’s accounting, report generation, and fund management.
• Maintained complete compliance to the set policies, administered control over accounting systems in place, and streamlined the flow of financial data.
• Led and managed the performance of accounting staff, provided them with assistance in carrying out day-to-day activities.
• Provided training, motivation, and guidance to team members, and resolved their issues with regard to various accounting functions.
• Initiated and deployed continuous improvements for existing accounting systems, practices, policies, and procedures.
Financial Reporting & Auditing
• Involved in the development of profit and loss statements, company balance sheets, and annual finalization of accounts.
• Generated management reports using the accounting system, forwarded reports to the senior management for their review.
• Rendered accounting consultancy to the management with respect to finances, budget realizations, taxation matters etc.
• Maintained coordination with external auditors and provided them the required support for financial audits of the company.
• Initiated immediate corrective actions to streamline non-compliances in the department, as per the auditor’s reports.
Key Responsibilities
Day-to-day Billing Operations
• Involved in the preparation of bills and invoices debited to the patient, and collected the amount in either cash or insurance claims.
• Collated all invoice statements in the patient’s file for record-keeping purposes, to avoid any discrepancies or issues in future.
• Handled the reconciliation of daily cash collections, updated the hospital software with accurate entries, and sought the approval of administrative head.
• Liaised with insurance providers to receive the billing amounts claimed by multiple patients on a regular basis, and maintained records for the same.
Monthly Accounting Activities
• Assisted the hospital’s accountants in the collation of data, generation of reports, and verification of cash receipts in the respective month.
• Provided a reconciliation of monthly cash flow and monthly collection figures to the accounts department, for their further processing.
• Involved in the preparation of statement of accounts, monthly closure report, profit and loss analysis report, and credit billing report.
• Coordinating with the accounts and administration departments for the procurement of payments due from patients for more than 7 days.
Bachelor's in Fiance and accounting