Senior Manager - FP&A
Transguard Group LLC (Emirates Group Co.)
Total years of experience :22 years, 6 Months
• Roll out of pricing policies and procedures.
• Detailed contract profitability reports to measure and report performance.
• Detailed cost control reports to promote business improvement initiatives.
• Enhance performance measurement through KPI monitoring.
• Implement and manage key MIS.
• Cost Benefit Analysis for all major investment decisions.
• Support the Executive Board on various strategic financial evaluations.
• Key member of the Oracle Financials and Hyperion Planning and Budgeting team.
Based on my performance in and knowledge about the financial and non-financial information, I was transferred to Management Accounting function with the following responsibilities:
• Consolidate monthly results of six different business units to compile monthly MIS reporting pack
• Populate variance and fluctuations analysis templates for each business unit and obtain information on reasons for fluctuations
• Assist the Head of Management Accounting in setting up business unit budget templates and their compilation in the overall company budget
• Carry out reviews and obtain understanding of capital expenditure requirements for business units
• Compile monthly Finance KPI reports and report and assist in compilation of comments on performance
• Assist Head of Management Accounting, Head of Decision Support and Group Director Finance in developing financial information reports
Special assignments
Throughout my tenure with Transguard I have been a preferred choice for carrying out special assignments which included the following:
• Detailed due diligence review of Accounts Receivables and Revenue function of an MEP contracting company
• Setting up of Invoicing and Collections SOPs and accounting policies for a subsidiary involved inc contracting business
• Assisting in preparation of IFRS based financial statements for the external audits with PwC - both for Transguard and an MEP contracting subsidiary
• Various automation scope outs and reports designing in liaison with IT
• Review and re-design of Chart of Accounts for Transguard
• Active member of Finance Work Life Balance Committee - set up by the Board of Directors, for exploring opportunities of ensuring good working environment and conditions within Finance
• Active member of Finance Social Committee, set up by the Group CFO for conducting social events and team building activities within finance
• Captain of Transguard Finance Cricket Team
During the earlier phases of economic crunch, cash was considered as the most important resource and efficient working capital management, especially receivables, was identified as critical success factor, by the Company’s senior management. I was thus entrusted with the critical position of Accounts Receivables Supervisor with the following responsibilities:
• Assuming overall responsibility for approving invoices, credit notes, accruals and rectification journals related to revenue and receivables
• Supervising a team of four accounts receivables assistants and two credit controllers in managing the entire invoicing and collections process
• Computing revenue from contracting in line with requirements of IAS 11 based on percentage of completion of total costs
• Ensuring necessary journal entries are posted in all accounts including WIP, Progress Billing, Due from Customers and Due to Customers on Contracts
• Liaising with credit controllers and obtain understanding of outstanding receivables and their expected recovery
• Supervising preparation and circulation of weekly debtors reports showing invoicing and collection statistics, DSOs, expectations and risk assessment information on customers, of each of the six business units
• Providing collection forecasts to Treasury on a weekly basis to be updated in overall Company cash flow forecasts
• Working closely with Finance Projects to identify automation needs in the AR function
• Liaising with IT department on scoping out automation and reports developments
• Preparing specific and ad hoc reports for senior management; these includes reports such as Contract Profitability Reports, Customer Account Profitability Analyses and Customer DSO Reports
• Supervising and reviewing reconciliation of all intercompany receivables transactions
• Spearheading the collection activity by meeting with senior management of business unit and discussing collections performance of their customers
I started with Transguard Group as a Senior Accountant in February 2008 and was appointed as Supervisor for Accounts Payables and Treasury with the following set of responsibilities:
• Supervising a team of five payables and treasury assistants in performing the day to day activities within AP and Treasury
• Reviewing and approving bank reconciliation on daily basis for seven bank accounts
• Ensuring all HR and Petty Cash payments are paid out after verification of compliance with the necessary approvals process
• Approving cash and bank payment and receipt vouchers, debit and credit notes and journal vouchers, before final approval by the Senior Manager Financial Accounting
• Ensuring timely and accurate posting by the AP assistants of all supplier invoices by reviewing the activity log of accounts payables
• Ensuring invoices are only being posted after obtaining necessary approvals and going through the matching process
• Supervising and reviewing supplier reconciliation, liaising with suppliers on queries and expediting resolutions of issues
• Ensuring supplier payments are being made in line with the timelines provided by the Group Financial Controller
• Assisting in scoping and development of suppliers’ dashboard reports including ageing reports, DPO reports and volume reports
• Working closely with Group Procurement department in expediting AP transactions, invoice postings, payments and resolution of related issues
• Manage the Finance function to ensure compliance with policies, local statutory and IFRS requirements.
• Supervising day to day related work, payments to local & international vendors, vendor’s & customer reconciliation and approvals of payment vouchers & preparation of monthly payment plan, preparing aging & Periodic analysis report.
• Checking accuracy and completeness of all accounting data, transactions and bookkeeping entries.
• Preparing comparative monthly P&L analysis and discussing methods to improve profitability
• Month end closings and finalization of accounts
• Production of monthly management accounts for submission to Board.
• Dealing with banks on treasury matters related to L/C, Bills discounting, LTR and financial arrangements from banks.
• Preparation of Import Order confirmation based on the stock projections.
• Preparation of budgets annually.
• Cash management and Bank reconciliation & preparation of monthly projected cash flow.
• Physical inventory checkup and its valuation, Import material costing & checking of stock movement on monthly basis on the basis of stock projections.
• Preparing annual financial statements according to IFRS
• Leading the annual audit of the financial statements
Planning the audit engagement and preparation of time budgets & overall audit planning.
Review of financial and operational performance of the clients and preparation of the financial statements in the light of statutory requirements and relevant professional guidelines.
Finalized audits and preparation of financial statements relating to various limited companies, Banks & manufacturing industries
Implementation of accounting software’s.
Monitoring and maintaining the key modules of the software like Purchase, Sales, Receivable, Payable, Costing & cheque discounting software’s.
Accounting services including physical verification and creation of fixed assets register and inventory records.
System compliance reviews of various companies with the object of identifying whether such systems are meeting management control requirements.
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