Finance Manager
BinHendi Enterprises L.L.C
مجموع سنوات الخبرة :28 years, 3 أشهر
A well established U.A.E Based local Company. Engaged in Retail Fashion, Hospitality, Watches & Jewelry, General trading, Interior Designing and Construction. Responsible for Retail Fashion Division’s Finance, which has more than 25 outlets in all the Major Malls in U.A.E.
Key Deliverables:
Ensure Letter of Credits are arranged with the Bank on a timely manner and make sure the shipments are arrived on time.
Negotiate with different Banks and arrange better credit terms and additional credit facilities.
Deal with Mall Management and make sure the space rental is arranged at better leasing terms for the outlets.
Finalize Retail Fashion Division’s annual Budget, make board presentation, periodically assess performance, analyze the variance and initiate corrective measures where required.
Manage the cash flow of the division efficiently by prudent use of Bank facilities.
Control purchases by analyzing and authorizing new import purchases, to avoid excess and ageing inventory without effecting the availability of latest merchandise at the stores.
Ensure monthly closing is carried out on time. Prepare Monthly MIS reports and KPI report to Management and department heads. Suggest effective plan for improvement.
Conduct business feasibility studies and prepare business plans for new ventures, expansion and lease renewals.
Finalize the Accounts for Annual Audit, coordinate with Auditors for interim and final audits and ensure Audit is completed within the deadlines.
Supervising the payroll system and make sure staff salaries are paid on time though the WPS System.
A well established temporary power and cooling solutions provider engaged in renting heavy generators, distribution boards, transformers, load banks, bunded fuel tanks, A/Cs, chillers, event management and electrical engineering services.
Key Deliverables:
Establishing financial policies, procedures and internal control. Ensure compliance of these procedures while predefined goals are achieved.
Preparing Management report, analyze business performance, variance analysis and suggesting effective plan for improvement.
Manages company’s cash effectively. Ensure accurate cash flow reporting and effective working capital management.
Supervise the company’s fixed asset schedule. Ensuring additions, deletion & depreciation are properly recorded.
Negotiate and arrange all adequate insurance coverage for fixed assets, staff medical, personal injury & all operational risk.
Suggesting the possibilities of cutting short the surplus expenses and improve company performance.
Finalizing Company’s annual Budget, compares monthly performance, discuss with higher management and derive remedial actions.
Coordinating with Company’s credit controller on analyzing credit worthiness of customers, collection and invoice disputes.
Approving payment schedule, invoices, cheque payment, etc.
Preparing senior staff salaries and maintaining staff advance account, end of service benefit schedules, etc.
Preparing major KPI reports on a monthly basis and submit to board with necessary remarks and remedial action.
Liaise with banks and negotiate to secure banking facilities.
Preparing ad-hoc reports, dashboard reports for management and bankers.
Coordinating with internal & external auditors and finalizing annual audit.
Coordinating with HR for recruitment, final settlement, employee promotion, etc.
Corporate head office for entities spread all over the Middle East, Europe & Asia engaged in oil well drilling, oil well maintenance, logging & other oil well related services. Our main Contract work is with Qatar Petroleum (QP)
Key Deliverables:
Preparing group management accounts. Analyze performance and reporting with remedial action.
Maintaining group asset schedules in line with acquisition, disposal, internal Transfers, etc.
Coordinating with credit controller on evaluating credit worthiness of customers and collection.
Liaising with external financial Consultants in preparing 10 years finance forecasts of the company.
Liaising with External HR consultants for preparing group HR policy.
Preparing dashboard reports for management meeting.
Upgrade, assists budget templates and actively involves in preparing the annual budget.
Closely work with the group finance director for ad-hock requirements of bankers and other financial institutions.
One of the world largest Holland based manufactures of decorative, protective and marine paints having operations spread all over the world including middle east region.
Key Deliverables:
In-charge for Entire Finance & IT- Qatar
Closely work with the Warehouse manager for the proper inventory control, physical stock verification, etc.
Preparation of management, variance analysis report - monthly, cash flow, working capital management, reporting Key performance indicators (KPI) to management, etc.
Preparation of annual budget, analyzes actual performance, generate variance report and suggest control procedures.
Properly control Accounts receivable and approving payment schedule based on the due dates while maintaining company cash position.
Member of IT infra structure upgrading execution committee.
Liaison with external auditors (for audit and legal issues), department of taxation for annual tax returns.
Responsible for entire company insurance related activities.
One of the largest companies in Arabian Gulf providing industrial catering, support, janitorial and maintenance service having operations spread all over Middle East with over 2500 employees.
Key Deliverables:
Preparation of weekly management report for more than 100 projects and derive performance analysis destine to finance manager and operations Manager.
Preparation of monthly budgets, variance analysis, cost control reports, etc and devising control measures along with chief accountant.
Preparation of computerized monthly payroll, OT for more than 2500 employees, maintain staff advance, leave pay and end of service benefit.
Maintenance of debtors and creditors control, monitoring debtors payments, raise dunning letters to clients. Discuss aging analysis with chief accountant and reporting to Finance Manager. Prepare and execute payment schedule.
One of the largest garment buying offices in Sri Lanka. A joint venture with Mast industries - U.S.A
Key Deliverables:
Approve petty cash expenses and other cash payments per delegation and maintain cash management and passing all the JVs relating to all above transactions.
Supervision and control of general ledger, bank, interest, foreign exchange reconciliation.
Supervision and control of debtors, creditors, stock verification, maintain staff advance account, preparation of financial and management reports - monthly.
Reporting foreign exchange reconciliation to finance manager - monthly.
Liaise with bank in opening LC for raw material import
Deal with external auditors, inland revenue department.
Assisting chief Accountant in preparing annual / monthly budget and do periodical performance analysis and report it to finance manager.
Cooperate office for Feroze Group of companies comprises of Textiles, Plastic, Yarn, Trading & Garment entities.
Key Deliverables:
Preparation and performance of detailed internal audit to the entire group.
Review internal control and accounting system.
Checking all the company documents and adopts more control procedures.
Draft internal audit report and discuss with the audit manager.
1.Chartered Institute of Management Accountant (CIMA) – UK Associate member of Chartered Institute of Management Accountants (ACMA)-UK 2.Chartered Global Management Accountant (CGMA)
3. Bachelor of Business Administration (BBA), Hons., Passed with 2nd Class Upper Division