Financial Manager
Daftar Fintech Company
Total years of experience :14 years, 11 Months
Key Deliverables:
Prepare the strategy to give a smooth and successful start to the new business model in the region.
Prepare the strategic plan to launch the new business idea during pre-launch period.
Responsible to set the Financial Modelling, Budgeting, business plan, policies and procedure for the successful start up.
Responsible to Manage the finance team at the group, seating in multi region to maintain the business supporting structure.
Deliverable the investors reports to the partners in order to bring the fund to grow the business with positive revenue.
Responsible for maintaining positive revenue and financial growth, formulating sound financial strategies, implementing proper internal controls, achieving organizational targets, and developing financial plans that support organizational strategy.
Playing a stellar role in managing a gamut of functions, such as accounting, evaluating & handling risk, ensuring compliance with regulations, formulating financial statements, overseeing accounting operations, analyzing financial data, monitoring expenditure, forecasting revenue, coordinating auditing processes, and ensuring the accuracy of financial information.
Creating a proactive and positive environment of continuous professional development and to grow the business.
Developing and enhancing the relationship between the Category team and the supplier, inventor, partner-customer, and the business to grow in the market. Slashing down the current cost enhances the process to facilitate a user-friendly environment for the employees and the customers.
Aug’18 - Aug’23 with NADF Trading Estate as Finance Manager - VAT Consultant - (Part-Time)
Key Deliverables:
Responsible to Manage the finance team at the group, seating in multi region to maintain the business supporting structure.
Deliverable the investors reports to the partners in order to bring the fund to grow the business with positive revenue.
Responsible for maintaining positive revenue and financial growth, formulating sound financial strategies, implementing proper internal controls, achieving organizational targets, and developing financial plans that support organizational strategy.
Playing a stellar role in managing a gamut of functions, such as accounting, evaluating & handling risk, ensuring compliance with regulations, formulating financial statements, overseeing accounting operations, analyzing financial data, monitoring expenditure, forecasting revenue, coordinating auditing processes, and ensuring the accuracy of financial information.
Managing budget processes, inclusive of periodic forecasting for the business and ensuring complete, accurate, and timely financial reporting, inclusive of balance sheet controls and financial information interpretation and control.
Assisting management in evaluating the profitability of income streams and the potential for cost efficiencies.
Shouldering with the entire responsibility of building the strategic process for enhancing the start-up eCommerce solutions in the Middle East. Steering the Group finance in the Middle East and India.
Functioning on finance and organization structure, Partner with senior leaders on operational and strategic issues by providing recommendations based on financial analysis, projections, and business requirement.
Develop and document business processes and implement Group accounting policies to maintain strong internal control system, Manage and comply with KSA, UAE & India tax requirements.
Developing financial talent, Controlling and improving the quality of work delivery on agreed timeline, design the team structure required to provide financial support to the group
Creating a proactive and positive environment of continuous professional development and to grow the business.
Developing and enhancing the relationship between the Category team and the supplier, inventor, partner-customer, and the business to grow in the market. Slashing down the current cost enhances the process to facilitate a user-friendly environment for the employees and the customers.
Strategized & implemented accounting and financial policies/ principles and tracking systems for various functional areas
Led overall accounting operations about accounting transactions, formulation/finalization/consolidation of various accounts and statements like trial balance, profit & loss account, cash flow, balance sheet, and various reconciliation statements in KSA and the team sitting in India. Managed Accounts Payables (AP) & Accounts Receivables (AR) and processing payments by verifying documentation and requesting disbursements.
Steered reconciliation of bank accounts and financial discrepancies by collecting and analyzing account information. Produced various MIS reports like Cash Flow Statement, Costing & Budgeting for project-wise analysis, and so on
Interfaced with statutory & internal auditors and government departments for ensuring statutory & internal control/policy compliance; drove cost savings by coordinating with cross-functional teams and leading process improvement initiatives.
Developed budgets & conducting variance analysis to determine projected vs. actual; implementing corrective actions
Ensured the accuracy of book-keeping, documents for records, as well as their compliance for fulfilling various statutory taxation obligations, including assessments and returns in liaison with respective departments and consultants
Analyzed the cost to save the company on unhealthy expenses, Overseeing & approving the country payroll.
Successfully implemented various accounting systems/processes as per business needs (as-is & to-be analysis) and reviewed processes as per business specifications
Responsible for the cash flow management of the group to avoid liquidity risk: monthly cash flow forecast and optimization of the company, management of working capital Internal control and compliance
Worked on SOPs to implement better processes to run the uninterrupted business operation and finance. Prepared & finalized VAT & With-holding Tax working file and sharing with concern team for filing every month and supporting to solve the queries for KSA
Successfully met with Vendors/Suppliers/Merchandise to discuss and finalize the finance & commercial terms. Controlled Banking Team & BRS to control the fund flow & cash flow to arrange the fund for uncertain costs for the business operations
Supervised and approved the trade & nontrade supplier contract
Company Profile:
Landmark Arabia Company is one of the largest retail and hospitality organization in the middle-east, Africa and india and is based in Dubai, UAE.
The group is involved in retailing of apparel, footwear, consumer electronics, cosmetics & beauty products, home improvement and baby products. The group also has interests in hospitality & leisure, healthcare and mall management. The group has several in-house brands and also works with other brands, acting as a retailer.
Key Responsibilities
• Responsible for review & finalize the financial statement (profit & loss account, Balance sheet & Trial Balance) on monthly & yearly period closing, MIS activities and Cost control.
• Preparing monthly TFAR Report (Territory Finance Assurance Report), WHT, Income Tax & Zakat working as per Saudi Law.
• Controlling, coordinating & supervising the internal & outsourced finance staff in GL, payable, receivable & banking team for day to day & month-end and year-end activities.
• Assisting the internal & external audit, working on advance tax, credit sale, credit card, inter-company, creditors & debtors reconciliation & monthly aging report, BRS.
• Guiding to outsourced staff for Fixed Asset Accounting including Asset capitalization, Asset Profile Creation, Disposal accounting, Capex Accrual, Review of Fixed Asset Accounting Policies, guiding to Prepare and provide Month End Close activities of Fixed Assets via Fixed Assets related Journal Entries & Depreciation Run.
• Oversee the operations of the accounting department, leading and guiding the subordinates in the department.
• Analyzing the actuals, forecasts and budgets and preparing the report for management of Division, department and corporate performance against benchmarks, and solving there queries by meeting them
• Recommend improvement to maximize the accuracy in output & timely delivered the output as to ensure compliance.
• Reviewing the monthly final sales & COGS matching with finance & Operation, accordingly updating the monthly Flash MIS.
• Developing annual budget, business plan and finding the variances in budget with actual performance
• Supervising for reversal of provisions against actual payment for fixed and variable expenses
• Involved in the calculation of rent & interest to inter-company and prepaid expense amortization to respective months
• Working and submitting the adhoc report to management as per their requirement.
• Full control over Banking Team & BRS to control the fund flow & cash flow.
• Approving the Journal Entries in two set of books orion & oracle EBS (Accounting Software).
• Maintaining the location-wise, month-wise & head-wise expense ledger summary finding the reasons for variances between Actual and budgeted/forecasted figure.
• Maintain a documented system of internal controls and accounting policies and procedures for audit & taxation purposes
• Preparing & submitting the balance sheet to management matching with Qlik View reports (MIS reporting software)
Company Profile:
Edulight Learning Services is an education and skills training focused entity, bring to the table a unique proposition wherein University Education, Professional/ Vocational Training, Distance Learning & Placements combine to provide unique offerings to their students & learners across the globe. Edulight is a skills Training and Education company which has multiple courses in ICT, Banking, Accounts and various other job driven courses to be offered to students who are aiming at their first job immediately after completion of their graduation.
Key Responsibilities
• Managing Accounts & Admin dept. with assisting general manager & reporting to Managing director
• Responsible for Cash & Fund flow for business requirement and Debtors & Creditors aging with statement & payment.
• Finalized the Profit &loss A/C, balance sheet and adhoc report
• Prepared & book the JV for Expenses, Sales Bills, Purchase Bills and Receipts & Payments
• Daily Coordination with bank for business requirement
• Raising the Invoices to client, Petty cash & expenses booking in tally ERP 9
• Service Tax, Income Tax, TDS & Profession Tax working, Payment & Return
• Monitored Salary Calculation & Payment, Pay slip issuance, Office petty cash & allocation of petty cash to sales location
Company Profile:
M.M. Nissim & Co. (MMN) has been in professional practice from the year 1946. It has been a long journey for the Firm and its Partners in adapting itself to meet the challenges of the profession for the future through experience and development of skills.
Key Responsibilities
• Responsible for submitting the monthly audit report on general banking transaction & trade finance to the clients (head of the department).
• Responsible for Auditing, Ledger Scrutiny, Cash & Cheque Verification, Stock Audit (Stock Verification)
• Strategically verification of Corporate Tax, Service Tax, Income Tax & Professional Tax.
• Verified Bank Reconciliation Statement and administered Term Deposits, Daily Inward & Outward Remittance Verification.
• Cash & vault verification, audit of import LC payment, Issued & amendment, bill of entry verification & certificate issuance.
• Identifying the queries & Sending to concern Department, and finding the right solution for the queries and resolve.
• Worked on MS, Office-2007; MS. Word(for Monthly Report), MS. Excel (for query sheet), MS. Outlook(for sending the queries & Monthly report)
Key Responsibility: May-2009 to March-2011
Handling the Clients Accounts (MEMCO Pvt. Ltd). (In Tally ERP 9)
Passing the Entries of Cash & Petty Cash Vouchers, Sales Bills, Purchase Bills, and Receipts & Payments.
Vouching the Voucher, Expenditure and Purchase & Sales Vouchers Printing & Filling of Vouchers, Scrutiny Of Ledger And Accounts of Debtors, & Creditors.
Making Bank Reconciliation Statement (BRS). Reconciling Excel Bank & Tally Bank & Bank Statement) BRS.
Preparation of service tax, Income Tax, TDS & profession tax. Internal & External Audit and compliance adherence.
Reconciliation of Creditors, Debtors and bank accounts. Maintaining records of C-Forms & E-1 Forms, Preparation of Tax Invoices and its accounting, Taxation matters
Checking of PF, ESI, PT remittance and checking of proper accounting.
Completed graduation in March, 2009 with 1st Class (62.57%) College: Sree Narayana Guru College of Commerce from University of Mumbai, (Maharashtra), India. Syllabus Covered: - Financial Accounting Costing & Auditing Management Accounting Business Economics Taxation Computer Application.
Diploma in Computer Hardware & Networking Professional: 1 Year Diploma from “Jetking Computer Hardware & Networking Institute” In 2005-2006 at Mumbai, Maharashtra, India. Proficient In use Of M. S. Excel, M. S. Word, M. S. Power Point, M. S. Outlook), Lotus Notes. Computer Operating Systems, Windows, Internet & Emailing, Assembling & Disassembling the Computer, Installation of Windows XP, Windows2000, Windows 2003 Server, Windows-7, Red Hat Linux, Windows-8 & Windows-8.1 Installation of Software & Applications.
