Senior Financial Analyst
DP World/PCFC
Total years of experience :17 years, 8 Months
• Preparing and consolidating the Budget of multiple BUs by conducting analysis and collecting data related to specific elements through modelling.
• Monitor the financial performance of the respective businesses against Budgets, so that areas of unsatisfactory performance are identified for prompt rectification.
• Consolidating the financial statements of 15 subsidiaries and preparing the reporting pack.
• Production of monthly mgt. accounts of standalone BUs and the commentaries on variances against budgets.
• Give critical inputs to the top management to drive improvements in operating margins and business efficiencies in different areas involving complex financial and operational analysis.
• Facilitate the business reviews with data analysis and follow through with business leaders on actionable items for improving business metrics
• Close monitoring and periodic updating of financial KPIs for all BUs as well as corporate
• Analytical evaluation of financial performance by using different ratios and tools like profitability ratios, operating ratios & liquidity ratios.
• Coordinate with IT team for system automation to simplify the processes and ensure accurate measurement of operational data and reports.
• Assist to develop business processes and accounting policies to maintain and strengthen internal control.
• Monitored and reviewed full spectrum of Financial cycle such as Projects, AR, AP, GL on daily basis.
• Prepared Financial Statements package with variance comments, Quarterly rolling forecast of revenue and cashflow on Monthly/Quarterly basis for reporting it to BOD.
• Responsible to establish Budget of OPEX/CAPEX within timelines and submitted to Management & BOD by collecting details with proper justification from all respective departments.
• Ensured all expenditures incurred were in line with the approved Budget.
• Prepared presentations of Budget vs Actual results of NKOM for meetings with Stake holders.
• Maintained internal financial control over the projects by ensuring that invoices are issued to clients on timely basis according to contract terms and that project costs are properly processed and recorded.
• Worked closely with Project Managers to prepare cost reporting and review their project profit estimates.
• Configurated project management budgetary control system for tracking of all budget and controlling costs.
• Responsible to prepare Annual Labor rate for Costing & Pricing purposes.
• Focal point to coordinate internal/ external audit requirements and liaises between management & auditors.
• Prepared and submission of monthly financial report to the Management and BOD which include comparative analysis on Actual Vs Budget and a commentary on variance analysis as well as Recommendations.
• Handled day to day financial activities/queries of Management and respond them in timely manner which will help the Management in decision making and smooth running of operations.
• Prepared Annual Budget in co-ordination with heads of different departments, monitored the monthly performance against the Budget and reported major variances to the management with recommendations.
• Monitored & reviewed the financial transactions & ensured the compliance of Company’s Policy and Procedures.
• Led the project in implementing the SAP ERP in subsidiary of Solb Steel from blue print to Go Live.
• Consolidated and summarized production cost reports by collecting cost data from all production department to calculate production cost for product costing.
• Worked closely with Operations to reconcile operating variances and booked adjusting entries as required.
• Assisted in preparation of monthly P/L Statements & Balance sheets for MIS report
• Managed receivables & payables by generating ageing reports and follow up with concern department.
• Prepared documentation of Export LC & liaised with Customers/Banks to get all information to process LC.
• Ensured that Bank reconciliations are prepared on monthly basis.
• Handled Fixed Assets registers and prepare schedules during the time of external audit.
Monitored and forecast daily cash requirement on continuous basis
Handled the portfolio of facilities and schedules due dates of interest and principal payment
Prepared periodically report about variances on cash flow and presented to CFO
Arranged funds through discounting of local and international bills in bank and follow up for collection and realization of bills
Documented inland and foreign letter of credit through banks and financial institution
Monitored debtor’s collections and credit control and coordinated with sales dept to resolve any issues.
Ensured all liability settlement booked on same day and all charges are collected as per trade terms
Liaised with customer to get all information and documentation to process LC export document for negotiation
Review the bank reconciliation for all bank’s account on a monthly basis
Maintain a system of policies and procedures to keep control on treasury activities
Given quick response to query raised in relation to LC, Guarantee, collection term in a timely manner
Certified Management Accountant
MBA in Finance
Bcom