Manager –Finance
Al Ansari Exchange L.L.C
Total years of experience :19 years, 2 Months
General Finance & Accounts Functions- Overview monthly accounts closing, reporting and consolidations, Review & Analyze- Turnover Reports, Income Statements, Balance sheets, , Internal Audit of Subsidiaries, External Audit Functions.
MIS Functions- Budgeting, Business Forecast, Competitor & Market Analysis, Economic Analysis and Strategic Planning Support, Ensures financial reporting in line with IFRS, Prepares various ad-hoc analysis or other studies as requested by the manager or other interested parties.
Investment Activities- Prepares monthly performance indicators and trend analysis related to investments, NAV, financial classifications and reporting, Evaluate market performances of investment classes, Provides feedbacks and suggestions to management on cash management systems to optimize efficiencies., Fund flows, working capital, investments, debt, banking and insurance facilities.
FX & Treasury Functions- Review cash management and treasury activities, Analyzes exchange rates on FX transactions to ensure pricing, contractual commitments. Analyzes the exchange gain and loss to ensure that transactions are properly recorded in financial statements, Review foreign exchange rates, exposures, hedging and recommends changes and suggestions, Re-values FX denominated balance sheet accounts as required for the preparation of financial statements
Credit Functions- Implementation and maintenance of comprehensive credit risk policies and procedures, Monitor credit exposures and analyze potential for future over exposures to enhance proactive decision making, Manages collection activities, follow-up inquiries, negotiations, risks. Reviewing and analyzing financial statements, guarantees, LOC and status of counter parties, business partners etc.
AR-AP-Payroll Management- Defines financial reporting in line with IFRS/IAS relating to AR-AP functions, Constant audits of methods and procedures of AR-AP functions to improve efficiency, Ensuring operational activities associated with AR/AP includes providing advice to clients, suppliers, contractors and vendors, Managing relationships with the clients in order to reduce exposure to potential bad debts, Ensures effective and efficient processing of accounts receivable/payable functions, reporting and reconciliations
Payroll & Employee Relations- Manage payroll and all employee related payments/advances/pensions/account reconciliations/WPS compliances etc. Support in employee training and development activities - finance perspective. Assist HR in employee performance reviews, job satisfaction survey, salary structuring.
Risk & Regulatory Functions- Ensures reporting is in line with the regulators requirement, submission of various statutory reports to the regulators and monetary agencies. Assist in risk management activities in co-ordination with Internal Audit & Compliance Committee.
Strategic Supports- Assist the management in in benchmarking studies to establish areas of potential operational improvement, Defining and developing KPI’s in line with management objectives, Review company bottlenecks and recommend changes to improve the overall level of efficiency
•• Overview Monthly Finance & Accounts Closing, Consolidations of 100 plus branches
• Reviews & Analyze- Income Statements, Balance sheets and various MIS reports etc.
• Review foreign exchange exposures and recommends changes and suggestions
• Review and recommends on risk management functions
• Coordinating organizations - Investment / Debt / Banking/Insurance Facilities.
• Managing - GL, Budgets, Payroll, AR/AP, WPS etc.
• Liaise with external auditors / monetary agencies on financial information’s.
• Defining and developing KPI’s in line with management objectives
• Employee training, supports and developments - finance perspective
• Monitoring operational and financial objectives to improve efficiency
• Other departmental ad hoc duties
Operations & Risk Management:-
• Debtor score cards / Custodian Activities / OTC Deal Settlements
• Leveraging/Margin Trading/Portfolio Analysis - Risk Management side
• Portfolio Accounting & Reporting of High Net Worth Investors
• NAV Calculations- Leveraged Clients& Credit Management
• Implementing KYC procedures & train the staffs on its due diligences
• Reviewing AML Policies are duly executed reporting of un usual transactions
• Monitoring the compliance and diligence of operations in accordance to regulations
Finance & Accounting:-
• Managing the Finance & Accounts Functions
• Control & Manage market trading positions, settlements, guarantees, working capital etc.
• Liquidity & Debt Management through appropriate financial planning and procurement
• Fixed Assets / Budgeting / Account Reconciliations - Supervision
• GL Consolidation, Preparation of P & L Accounts, Balance Sheet, Variance Reports etc.
• MIS Reporting, Income Statement Analysis, Cost Centre Reports
• Audit Activities - Internal/External/Monetary Agencies.
• Support in formulating procedures and policies for Internal Audits & AML Compliance
As Relationship Officer-Banking & Insurance:-
• Correspondence & Liaison with banks / insurance agents, companies etc.
• Establishing new relationships with banks & financial institutions
• Banking Negotiations - Credits/Deposits/Investments etc.
• Bank Guarantees - Arranging, Follow ups, Negotiations etc.
Specialized In Financial Management - Treasury - Corporate Finance - Risk Management