Finance Manager (Acting CFO)
The Grooming Company
Total des années d'expérience :22 years, 2 Mois
• Develop & present yearly budgets and quarterly forecasting at the Board meetings every quarter
• Monthly MIS Reporting and variance analysis of revenue and expenses
• Supervise the Accounts & finance department
• Conduct quarterly audit of all branch transactions
• Dashboard reporting of sales on a monthly basis
• Supervise the management of Daily cash flow and provide cash flow projections to the management, as & when needed.
• Overlooking the cost reduction project primarily focusing on reducing corporate overheads
• Heading a project to replace the existing POS with a new POS in all the outlets
• Reviewing inventory reports of Procurement department
• Approve & assist in purchase planning and approve purchase orders
• Approve Monthly Payroll
• Review and approve recruitment plan
• Developing SOPs and various company policies including those for Leave salary settlements, employee discounts, exchange policy for products and services, etc.
• Co-ordinate and approve improvements on IT infrastructure for the IT department and including IT issues involving crisis back up plan, branch security and other hardware issues.
• Act as helpdesk and administrator of the POS software used by the branches and support on all issues
• Developing Corporate Programmes and liasoning with corporate groups to sign up
• Administering the entire process of insurance requirements of the company including staff medical insurance, Third party insurance and Group Policy.
• In charge of Audit Finalization
• Team member to develop Franchise Structure for the company
• In charge to overlook inventory accounting of the hospital.
• Report on the variances (price, volume, budgetary) & Inventory Ageing to Head of Finance on a monthly basis.
• Initiate & devise internal controls for Inventory along with the Director - Materials Management & Stock controllers
• Devise stock count procedures and guidelines on the same aspect as and when required
• Responsible to schedule and administer Inventory stock counts (perpetual & period end) for all locations of the Hospital.
• Responsible to get justification from the Stores for physical inventory differences and report to the management.
• Responsible to administer Inventory data migration from old Inventory Package to new ERP and reconcile differences.
• Supervising role to overlook accounts & guiding the team members
• Responsible to report for overall accounts of the company
• Furnish Daily cash reports
• Provide Monthly cash forecasts & half yearly Rolling forecasts
• Provide 3 year Business Plans
• MIS Reporting on a monthly basis and consolidation of reports on a quarterly basis
• Managing Central Pool of funds at the group level
• Responsible for Audit finalization
• Responsible for group payroll accounting and payroll expenses reconciliation
• Responsible for developing quarterly and yearly financial budgets and also audit finalization
• Improvised credit control procedures by issuing Standard operating procedures for Bank Guarantees and Letters of Credit
• MIS Reporting to D-Link Head Quarters at Taiwan
• Cash flow reporting on a weekly and monthly basis
• Jointly accountable for receivables which include payment follow-up, sending reminders, etc. and also for payables to suppliers
• Liasoning and control of Letters of Credit and guarantees from customers
• Undertaking invoicing for customers directly from vendors (drop-shipments) and for all after sales materials
• Designing and improving maintenance of the company accounts and internal controls along with the Internal audit team
• Formulating product costing based on changes in freight, material costs, etc.
• Developing budgetary control of the company - yearly budgets comprising of sales volume estimation, estimated pricing, estimated material costs and other production costs, working capital analysis and such other related workings
• Advising on excise duty as applicable as per law
• MIS Reporting of monthly Profit & Loss and Balance sheet to the parent company in Amsterdam
• Payroll Processing based on attendance records and fixed salaries of staff
• Statutory compliances with government authorities and bankers; and audit finalization with statutory auditors
• Maintenance of Fixed Assets Register
• Managing accounts receivables, vendor / supplier out-standings and payments management
• Management of bank accounts and cash
• Liasoning with Government departments like Provident Fund, Excise, Income Tax, etc.