Financial Controller
Al Sharq Al Aqssa Trading Co LLC
Total des années d'expérience :13 years, 2 Mois
Develops financial strategies for the department and the company financial performance.
Detection of frauds in the organization and taken legal action (Criminal & Civil case against employees) and won the cases in court and implementation of strong internal controls.
Implementation of data security project.
Successfully implemented ERP Microsoft Dynamics and Sagex3.
Automation of collection and follow-up process to control receivables and collection fraud.
Implementation of strong credit control.
Implementation of IFRS.
Provides sound financial advice to the management that contributes significantly to the effective management of investments, cash flow and profitability
Provides guidance and direction to all departments regarding financial issues (deviation from the budget, corrective actions, credit and supply policy etc)
Detection of frauds and process strengthening, assisting in legal proceeding to recover loss from insurance agency and employees
Ensures that the management team receives prompt and accurate financial information and monthly reports as required for overall control and evaluation of business performance.
Ensure that the company’s Accounts department maintains Books and Records in compliance with all statutory financial and tax requirements.
Preparation of budgets, forecasts and financial plans and monitor that financial policies are applied.
Oversees maintenance of the company’s accounting including payables, receivables, inventories, fixed assets, and payroll.
Forecasts and manages the Group cash flow in order to enable effective investment management.
Designs and implements efficient cash management system and credit control policy in order to add value to the profitability of the business.
Monitor expenditures and ensures that they are accurately recorded and reported in order to control the budgeted commitments.
Plan, direct, or coordinate insurance and risk management activities in order to ensure that the most appropriate policy is in place all formalities are processed on a timely and cost efficient manner.
Ensures that company’s policies with regards to products are effective and contribute to short and long term business objectives.
Recommends priorities on the development of IT systems requirements to meet the changing requirements and anticipated future needs for financial reporting and ensures their implementation
Liaises as required with Banks and other external bodies.
Financial Planning & Budgeting, Project Management, Risk Management
Worked with large quantities of statistical data and convert it into understandable results
Analysis of Financial Statement, Net Worth & Ratio Analysis of customers financials and trading & payment pattern to identify financial health of customers and review credit limits of customers on monthly basis
Setting up the Group Budget on Annual Basis and monitoring the same, Identifying the cause for the variance with departmental head and implementing the corrective actions to correct them
Responsible for commercial management of projects
Managing the financial day to day operational aspects of the Projects
Measuring financial risks and implementing corrective action plans to mitigate those risks.
Financial Reporting
Implementation of IFRS
Finalisation and consolidation of accounts and timely completion of Audit by providing all data and details
Responsible for accuracy of overall books and ensuring the closure of books on monthly basis
Preparation & Consolidation of monthly financials reports, profit & Loss account, balance sheet, cash flow statement including schedules and notes
Oversee intercompany reconciliation, maintenance of fixed assets register and updation on timely basis,
Monitoring of Accounts Payable and accounts receivables functions closely, Review & discussing the MIS reports on monthly basis with Senior Management and taking the corrective measures to improve the numbers
Completed internal audits and statutory audits on time as per company guidelines
Ensuring WPS requirements are fulfilled and managing financial aspects related to employees
Ensuring accurate and timely preparation of Payroll
Supplier Rebate calculation and claims
Successfully Managed Cash Flow of the Group by liaising with customers promptly and working closely with Product Managers and Key Accounts Managers
Preparation of cash flow to review the cash position and forecast funds required to honor the financial commitments.
Responsible for accuracy of overall books and ensuring the closure of books on monthly basis
Reporting of brand-wise and region-wise sales data on daily basis
Analysis of commercial contracts, capital investments and expected return with risk involved
Calculates and prepares reimbursement billings and tracks receivables; reconciles monthly accounts receivable
Efficiently lead a team of 8 inspecting officials (Chartered accountant)
Independently carrying out onsite inspection for Capital Market, Futures and Options segment and Currency Derivatives Segment of Trading Members and Clearing Members. Scope of inspection covers verification of following areas:
Special Purpose inspection carried out to examine investor complains regarding unauthorized trading, illegal trading (dabba trading), Transfer of profits etc.
Managing the all kinds of Bank Guarantees including the timely return of BGs to bank upon completion of Project or completion of Defects liability Period,
Analysis of financial statements and net worth of trading members to ascertain financial health of trading member
Secured 100% marks in Six Sigma yellow belt exam, Successfully completed Six Sigma yellow belt training, Prepared & presented Six Sigma yellow belt project for speedier and accurate calculation of margin and Assisted in development and implementation of Inspection Application & database for Sending intimation letters digitally, preparation and generation of inspection reports, communication of letter of observations and placing cases to committee
Implemented data security project to protect Exchange data and TM data during inspection and post inspection
Preparations of MIS reports broadly including even exceptions reports / variances details to SEBI
Handled special assignment to set up inspection department, implement processes & controls and training to new staff at Kolkata regional office
Development and implementation of online valuation of securities by considering different fields like rate, haircut, status of securities (liquid / illiquid) and automation of trade verification through online platform
Conducted training programs for Trading Members (Share Brokers) related to compliance, operations and set up, new regulations like FPI, Research analyst etc.,
Conducted Investor awareness programs for Investors to safe guard themselves from frauds happening in the Securities market
National Stock Exchange is India’s number one stock exchange and world top stock exchange in terms of equity trades. Having average daily turnover of Rs. 3 lac crores. Main products are Equity / Future & Options in equity. Currency, index etc. (Url : www.nseindia.com)
Chartered Accountant
