Senior Finance Professional
MDS UAE - Midis Group
مجموع سنوات الخبرة :21 years, 3 أشهر
• Project based accounting of revenue and costs based on project milestones.
• Compilation, verification, analysis, interpretation, and dissemination of financial data
• Developing reports for the top management, summarizing the company’s financial status in various business aspects and coordinating the preparation of tactical plans, financial forecasts and budgets.
• Reviewing project contracts for financial portfolio and liabilities.
• Identifying of risks and cost overruns on the projects and timely reporting.
• Cash flow forecasts and management based on expected sales, receipts and actuals.
• Calculating monthly provisions for advance billing, work in process (WIP) and doubtful debts based on group policy and adhering to IFRS 9 requirements.
• Negotiate LC terms with suppliers and liaise with banks for LC opening and payments.
• Payroll management, EOSB accruals and settlement based on the local laws, regulations.
• Finalization of monthly and yearly financials, consolidation of 3 different entities.
• Quarterly VAT review and filing.
❖ Noteworthy accomplishments:
✓ Ensured full control over monthly and yearly financial reporting.
✓ Cleared outstanding WIP and Advance billing reconciliations pending since 2019.
✓ Streamlined documentation requirements of projects invoicing and disbursements.
• Accounts payable (AP) life cycle expert involving supplier selection, contract management, PO implementation, Invoice processing, Supplier payments
• Account’s receivable (AR) life cycle expert involving customer KYCs, customer creation, credit management, Invoicing, collections, dunning process, AR - AP net off etc.
• Negotiations with clients for overdue receivables and formulate a payment plan
• Events costing, monthly review of P&L, Balance sheet, month end accounting
• Budgets and forecasting, Cash flow management
❖ Noteworthy accomplishments:
✓ Completed pending reconciliations for past 15 months & claimed commission due of AED 2m & recharged costs of AED 1.5m improving the overall cash flow
✓ Achieved 3 man days saving monthly by introducing easy invoice upload process
✓ Introduced unique reference for each event for ease of accounting and reconciliation
Advisory and Assurance services through financial audits, ensuring financial controls
• Performed financial audits in 35+ countries and attributed cost savings, enhanced internal controls and process improvements
• Financial audits covered operational, process review, financial analysis, contract and payables management, credit risk management, cash & bank, OPEX review and analysis, tax compliance, payroll, general ledger etc.
• Tax compliance (Corporate, Personal tax, WHT, VAT and other local taxes)
• In house Shared services management of accounts payable and receivables functions
• Digital Invoice capture through KOFAX, DMS (Document Management System), iDOC.
• Strong commercial acumen and business partnering
• Provide inputs for enhancement of financial procedures, internal controls
• Managing KPIs for the department and stakeholder management
• Training, ERP UAT and implementation. System enhancements and automation of tasks
❖ Noteworthy accomplishments:
✓ Advisory role to station Finance Managers
✓ Identified excess payments of AED 5m and followed up for recovery of the same
✓ Identified a new revenue opportunity thereby increasing revenue by AED 1m annually
✓ Identified as Business Champion for GL module implementation of Oracle R12
✓ Trained UAE National Trainees and new joiners to team with Financial audits
✓ Necessitated improvements in various financial reports in liaison with IT professionals
✓ Received five Najm awards for various initiatives and value add projects
Supervision of all India supplier payments with correct contractual rates & credit terms
• Preparation of Annual budgets of all the branches in India
• Handling call centre accounts of ASC, Indian subsidiary of Etihad Airways
• Handling of pan India supplier contracts and liaising with legal department, Abu Dhabi
• Supervise GL, AP, AR accounts relating to supplier, receivable and bank reconciliations
• Preparation of monthly schedules for Balance Sheet accounts to be reported to HO
❖ Noteworthy accomplishments:
✓ Achieved cost savings of INR 1.5m for ASC by renegotiations of various contracts
✓ Successfully managed accounts team in the absence of Finance Manager for over six months
✓ Assisted in timely completion of Statutory Audit and holding of
Budgets & Forecasts: Preparing Annual Budgets, monthly forecasts and variance reports
• Payroll Management: Preparation of Salary and other statutory payments
• Cash flow Management: Preparing cash flow and timely transfer of excess funds to HO
• Reconciliations: Monthly and Quarterly reconciliations of Bank / Debtors / Creditors ledger accounts prepared according to corporate guidelines and timeframe
• Handling Accounts Payables & Receivables. IWEB: Online system for Catering Supplier
• Tax compliance WHT, PTax, working & payment of Service Tax. Filing of returns
• Managing end to end BSP billing, reporting, collection and dispute management
• Credit Cards: Processing of credit card transaction and ensuring regular payments
• Collate monthly MIS on all India BSP Sales activities for higher management reporting
• Maintaining Petty cash as per local policies and staff leaves for audit reporting
❖ Noteworthy Accomplishments:
✓ Recognized as a Star Performer during Annual Day of Stars awards in April 2007
✓ Successfully trained & implemented BSPLINK (new accounting system) in all offices