Group Finance Controller
Marka PJSC
Total years of experience :15 years, 3 Months
• Prepare and present monthly Income statement to CFO and CEO.
• Prepare budget and verified with actual on monthly basis and report variances to the CFO.
• Preparation of Financial statements to make it available to the public on quarterly basis.
• Recommend and maintain a system of policies and procedures that impose an adequate level of control over accounting activities.
• To ensure the books of accounts are maintained as per the standards and timely manner.
• Assist CFO in cash flow management.
• Responsibility to prepare, implement and maintain VAT accounting setup in GL point of view
• Coordinate monthly book closing process to meet financial reporting deadlines of Management.
• Review of Financial statement and Coordinated with External auditors.
• Participating Company Hiring Process.
• Heading all Excise & VAT law related system configuration and compliances for entire UAE operation of the company.
• Informed management on time regarding the excise duty effect on imported carbonated drink, as a result the organization has saved AED 500K.Alo help in clarifying price change on those product with customers.
• Negotiation with supplier regarding VAT component for the contract entered prior to 2018, accordingly the organization has saved AED 200K.
• Communicate suppliers about the necessity of Credit note created by buyer, which has ensured the compliance as per VAT law.
• Created goal sheet for employees for periodical performance evaluation.
• Coordinating with FTA for Excise and VAT related issues.
• Reconciliation of VAT entries to ensure whether it is recognized in accordance with UAE VAT Laws.
• Guiding Logistics, Sales, Transport, Retail and Warehouse departments to comply with VAT and Excise laws. (VAT Declaration for Import etc)
• Registration/Adding a member to group registration as per VAT laws
• Responsible for filing Monthly Excise return and Quarterly VAT Return.
• Providing necessary guidance to top management for fixing selling price and controlling of imported carbonated drinks.
• Coordinating with Internal auditor and External auditor from Big 4 Audit firms (KPMG &EY) to finalize the audit reports on time.
• Managing AR and AP team to ensure collection and payment on time.
• Providing training session with the support line managers and corporate division to accounts staff and other staff for VAT related compliances.
• Developed customized templates using spreadsheet equation to track and reconcile financial information for top management.
• Reviewing the reconciliation of Retail and café cash/CC collection on daily basis.
• Developed Internal control policies for operation of various departments to comply with VAT laws and issue of manual tax invoices.
• Reviewing and supervising monthly closing and year-end financial records.
• To ensure that revenue recognition of contract with customer and leases have been done in accordance with IFRS 15 & IFRS-16 and have exposure in identifying performance obligation in the contract to recognise revenue in accordance with IFRS 15.
• Performed statutory audit of telecom, consumer, and technology Industry clients.
• Performed Substantive and test of control audit procedures to ensure assertions at various level.
• Performed Inventory testing to ensure that valuation has been done in accordance with IAS 2.
• Performed various risk assessment procedures to minimise the level of mis-statement at low level.
• Performed Bank and Cash reconciliations.
• Performed direct tax and VAT audit.
• Experience in working with various audit software CaseWare, Voyager and audit etc.
To ensure that revenue recognition for leases has been done in accordance with ASC 840 or ASC 842 (IFRS-16) and have exposure in revenue recognition under IFRS 15.
•Handling various Real estate work request forms from US Audit engagements and Delivering the completed work on time.
•Prepare working papers in accordance with US GAAP, IFRS and tax laws applicable for Real Estate industries in US.
•Handling corporate auditing in compliance with Security Exchange Commission (SEC) Rules and Regulation.
•Performing SAP under different method to report any variances above the expected level.
•Verification of variances, to report the effectiveness of internal control mechanism.
•Performed Bank and Cash reconciliations.
•Verify the financial statement to ensure that, it is prepared in accordance with applicable laws and regulation.
•Preparation and set up audit files in paperless environment.
•Working knowledge in KPMG internally developed application software for sampling and data Analytics.
• VAT Registration, Implementation, VAT accounting and VAT Reporting.
• Manage VAT audits and prepare notices of objection.
• Negotiate and secure many positive outcomes tax authorities on behalf of clients.
• Calculate individual and corporate tax instalments payments.
• Train the new recruiters and make them understand about the work.
• Performed Statutory Audits of Public and private Sector Undertakings.
• Preparation of project report and projected financials for new entrepreneurs.
• Negotiating with Financial institution of behalf of client to secure working capital.
• Performed internal Audit of Cosmopolitian Hospital, Trading Indutries, and Export Oriented unit in free zones and Zafin Sofware Private Limited at Trivandrum.
• Experience in statutory audits of Banks like SBI and Canara Bank etc.
International Accounting Standard certification