Finance Manager
Tradeling - Blink Technologies FZCO
Total years of experience :17 years, 6 Months
M
Roads and Transport Authority - Dubai - UAE Leadership and people management Monitor the monthly closing of the general ledger accounts along with the GL senior accountants & GL Specialist. Coordinate with 4 team leaders from revenue, treasury, payable and budget section to ensure monthly closing procedure are followed and ensure the accuracy and completeness of the financial information . General Ledger Controllership Analyze financial information and prepare financial reports by compiling information and utilizing appropriate accounting control procedures. Verify all the transaction processing activities of RTA general ledger team and the closing process including preparation of reporting schedules. Ensuring compliance to accounting policies, coordination between the different finance sections to ensure that the required accounting entries are made to ensure transaction validation and completeness of accounts. Oversee the reconciliation of the general ledger accounts. Prepare and adjusting journals after final Trial Balance and closing all sub Ledger modules and Handle the Chart of Accounts. Identify any discrepancies and clarify with controller of exporting module. Establish, maintain, and coordinate implementation of accounting control procedures. Ensure that all recorded JVs are supported by appropriate documents and evidences. Ensure system interfaces are matched correctly to general ledger and coordinate with GRP team to ensure accurate recording of data in the GRP system. Review the interdepartmental transactions and fund transfer to and from dubai government department of finance and the others Government departments (Dubai Municipality, Police Department, Department of Health & Medical Services, Dubai Real-estate Department, etc.).
Financial Reporting Prepare Monthly & annual Financial Reports, Balance Sheet, Income Statement and Trial Balance. Prepare the quarterly GL Reviews in coordination with GL specialist. Assets Management Ensure the compliance of all the integrated inventory transactions internally and externally with RTA agencies through IBM Maximo asset management interface. Provide Feedback to assets department on the classification of assets "Fixed assets, spare parts, maintenance of assets". Budget/Strategy Participate on reviewing the yearly budget and business plan for the main service based on the strategic targets in coordination with operational and planning section. Execute variance analysis when required in coordination with the budget team. Monitor all cost allocations based on the assigned cost center and its effects on the general ledger and budget. Communications Internally : All RTA Agencies / Sectors. Externally: Department of Finance Government departments (Dubai Municipality, Police Department, Department of Health & Medical Services, Dubai Real-estate Department, etc.) and Internal and external Auditors.
Leadership and people management:
• Leading the team of accounts department consists of 10 member’s direct reports & 2 dotted reports (Purchases, Operations Estimators)
• Hold the annual evaluation & assessment process for direct reports
• Provide guidance and training to financial staff in order to further improve their overall financial knowledge.
Accounts management:
• Create and maintain finance procedures documentation including general ledger staff responsibilities.
• Provide day-to-day leadership and support to the General Ledger team including proactive guidance, troubleshooting support, and issue escalation in accordance with IFRS.
• Continually review and upgrade accounting systems and procedure in line with the company’s operating system, internal control requirements.
• Oversee the coordination and activities of the External/Internal auditor and ensure all audit issues are resolved.
• Establish and maintain appropriate internal control safeguards.
• Establish and define the financial closing schedule. Manage the monthly close ensuring efficiency, completeness and accuracy.
• Ensure the completion of monthly operating reports and the MIS
• Coordinate company insurance, contracts and agreements and legal areas and activities.
• Develop & implement Risk management policies in collaboration with group CFO
Budgets/ Strategy/ Business planning:
• Work with executives and departments heads to prepare budgets and track profit / loss performance by business unit individually & on consolidated basis with supporting reports.
• Actively monitor budget variances, communicate with budget holders and recommend corrective actions as necessary.
• Participate in strategy development and guide the business units as appropriate in development of their operational plans.
• Participate in the operational unit’s quarterly business reviews.
Fixed Assets:
• Ensure the fixed assets of the company are accurately recorded and depreciated in accordance with group accounting policies.
Cash Flow/Debtor Management:
• Lead on the recovery of the outstanding payments and monitoring supplier Credit status.
• Ensuring that cash flows are adequate to allow business units to operate effectively.
• Highlighting to CFO in advance periods where bank support maybe necessary.
• Provide cash flow information necessary to key decision makers in relation to potential expenditure.
Risk Management:
• Ensure commercial and financial risks are properly assessed, quantified and mitigated in line with business objective.
• Risk evaluation, which involves comparing estimated risks with criteria established by the Company such as costs, legal requirements and environmental factors, and evaluating the company previous handling of risks;
• Report, analyze, and ensure integrity of all financial information, monitoring the internal control system and ensure all financial reporting standards are met.
• Prepare forecasts of the future Receivables, Payables & collections position to enable the Company leadership team and members to take decisions on the Budgets.
• Forecasting cash payments and anticipating challenges arising from limited cash flow
• Compiles and analyzes financial information to prepare adjustment entries to general ledger accounts, cost center and reconciliation of general ledger accounts.
• Work with both internal and external auditors during financial and operational audits.
• Recommend and maintain a system of policies and procedures that impose an adequate level of control over Finance Department activities.
• Managing and ensuring the adequacy of the payroll of the whole company.
• Compile and analyze financial information to prepare financial statements including monthly and annual accounts, Produce monthly reports and assist in month end closing.
• Ensure accurate and appropriate recording and analysis of revenues and expenses.
• Update, verify and maintain accounting journals and ledgers and other financial records.
• Analyze the condition of the project & ensure that all payments required are made in alignment with terms & condition of the project.
• Perform all necessary account, bank and other reconciliation.
• Monitor customer accounts for non-payment and delayed payment
• Check, verify and process invoices and prepare payments for signature
• Sort, code and enter accounts payable data.
• Analyze discrepancies and unpaid invoices.
• Track and audit petty cash.
• Collect and analyze data to detect deficient controls, fraud, or non-compliance with laws, regulations, and management policies
• Review data about material assets, liabilities, income, and expenditures.
• Analyze, and verify annual reports, financial statements, and other records.
Six Sigma Tools in improving the quality of process and elimination of defects
Chartered accountant
Bachelor In accounting