Financial Controller
Al Qudra Sports Management
Total years of experience :20 years, 4 Months
• Developed from scratch, policies and procedures to improve the performance of the group.
• Management of finance function and overseeing the finance team.
• Preparation of budget, forecast and cash flow.
• Preparation of monthly consolidated income statement and balance sheet.
• Supervised implementation of ERP system Syros and finished the work in six months only.
• Dealing with different banks, with good relations and handling multimillion facilities (performance bond, Letter of credit, Labour Guarantees, bid bond, overdraft, term loan etc.
• Ensure smooth running of Accounts and Finance Department.
• Monitoring performance of all departments including HR, Business Development, and operations department and to ensure that all the expenditures of the group are in within the limit of approved budget.
• Timely production of statutory and management reports.
• Overseeing the payroll process.
• Supervised various IT implementation projects.
• Review of financial statements of clients to ensure that it has been prepared in accordance with International Financial Reporting Standards (IFRS).
• Provided advice on IFRS application and implementation of new accounting pronouncements.
• Review of completed audit work, considering the significance of any errors or misstatements.
• Investigation of inconsistencies or areas of concern arising from audit work.
• Discussing any issues contributing to the final report with management.
• Draft report in accordance with current relevant standards, legislation, regulations and terms of engagement.
• Ensure that the audit files accurately document the opinion, together with any relevant discussions before the report is signed or issued.
• Developed and implemented tax planning strategies and tax efficient structures.
• Quality assurance of the taxation-related procedures /activities.
• Managed corporate tax compliances including review and submission of tax returns.
• Ability to provide Tax Business Advisory to internal & external stakeholders.
• Handled court cases/assessments/audit/appeals at tax forums.
• Ability in engaging and managing performance of tax consultants/lawyers.
• Responsible for instituting, directing and controlling the financial policies and activities of the finance division including timely payments to suppliers and employees.
• Part of team responsible for selection of best suited ERP system.
• Streamlined the financial information cycle of cooperative society in accordance with the requirements of the new ERP system instead of customizing software according to our current procedures in order to avoid chances of bugs.
• Evaluation and implementation of different control systems.
• Supervised preparation of display rental agreements and ensuring that rental income has been received or deducted from supplier’s account.
• Comparison of budgets to actual financial figures to identify significance variances and then to investigate and resolve them in timely manner.
• Preparation and presentation of monthly management reports to senior management.
• Responsible for instituting, directing and controlling the financial policies and activities of the finance division including timely payments to suppliers and employees.
• Review of monthly statement of financial position, statement of income, cash flow statement and related details.
• Review of Budgeting & production scheduling.
• Preparation and presentation of monthly management reports to the management.
• Changed the environment of work from manual to computerized system and successfully implemented Sage Line 50 application package.