Finance Manager
Khalifa Juma Alnabooda Group of companies
مجموع سنوات الخبرة :14 years, 2 أشهر
Report to the GM and deal with all aspects of accounts and administration management contributing to setting of business objectives and targets.
Supervise the finalization of books of accounts and preparation of financial statements complying with applicable standards for submission to the head office and external parties.
Preparation of interim, year end and comparative financial reports, perform and provide analysis with budget.
Finalizing and updating VAT returns.
Prepare capital and operations budgets for the company and monitor costs and expenses to achieve budgetary compliance.
Liaise with banks & maintain credit facilities extended
Preparation of costing sheet for every project
Monitor all revenue and expenses to control cash flows as per agreed plans and arrange funds to meet requirements of other units.
Review and approve payrolls ensuring accuracy as well as adherence to applicable policies and procedures.
Review and approve sales orders to achieve the budgeted margins.
Follow and implement credit policies and monitor Receivables for maintaining better cash flow
Review and approve purchase orders ensuring satisfaction of budgetary requirements as well as approved policies and procedures.
Review and approve all invoices of suppliers before processing for payment
Monitor and ensure consistent implementation of and compliance with all company policies, procedures and guidelines.
Internal and statutory audits and follow up corrective actions for audit points/observations.
Represented subsidiary in all dealings inside and outside the business unit.
Preparation and maintenance of accounting records to show receipts and expenditures.
Negotiating, developing, and implementing new lease terms from a rental agreement to future ownership. Responsible for consolidation, transfers, and reconciliation of business unit budgets and forecasts.
Key Responsibilities & Achievements: Al Samadi Group operates leading, quality-focused businesses, hospitality, retail and distributes luxury and lifestyle, electronics, jewelry, hair care, and cosmetics. The Company's brand portfolio includes several brands such as Big Smoke Burger, Amika, Obliphica, Wired up, Wired Up and Juicy USA. Successfully developing, evaluating, and monitoring the operation of the Group by setting up a systematic and scientific financial control system to meet the company's financial KPIs. Developing and maintaining timely and accurate financial statements and reports that are appropriate for the users and by generally accepted accounting principles. Lead in planning, forecasting, audit reporting, and target setting for financial consistency. Created inventory budgets and maintaining the stock ratio of the organization. Directing financial activities of organization or subdivision of organization: prepare and direct preparation of, reports whi ch summarize and forecast company business activity and financial position in areas of income, expenses, and earnings, based on past, present, and expected operations. Managing finance functions involving determining financial objectives and designing & implementing systems, policies & procedures to facilitate internal financial controls. Evaluating and ensuring strict adherence to budget by performing monthly/annual budget to actual analysis; Created personalized reports for Sales Managers to assist with understanding their territory. Accountable for month-end processes, managing and driving reserve efficiency, revenue reporting, manufacturing cost analyses, internal controls, sales process support, and staff development. Contributing towards formulating business and financial strategies for maximizing profitability, revenue generation & realizing organizational goals. Finalizing Operating Budget, cash flow statements, report actual vs. Budget, Financial Statements, developing a cost-effective mechanism for monitoring costs and expenses. Analyzing Human Resource deployment through job evaluation to ensure the right balance of skills and optimum utilization.
Green T&D Private Limited is a Switchgear & Transformer Manufacturing company, licensed partners with GE Industrial Solutions for manufacturing and is an initiative of IZHAR Group COURSES Preparation of weekly and monthly management reports for the equities, operations, and corporate finance functions. The role requires more of an emphasis on in-depth data analysis and value-adding commentaries, rather than pure report generation. The candidate will be fully accountable for the accuracy of reports disseminated. Therefore, accuracy and timeous execution tasks are also vital Comply with local GAAP and international IFRS requirements; enforcing adherence to requirements; filing financial reports; advising management on needed actions Reviewed and approved accounting transactions and account reconciliations, providing relevant information to the senior management team. Scoped issues and identified goals to improve financial controls and processes. Managed the accuracy and productivity of day-to-day activities of accounts payable, cash disbursements, invoicing/billing, customer credits and collections, payroll, perpetual inventory integrity, fixed asset records, general & entity accounting, and cost accounting Established the company's internal control system and ascertained innovative practices to support all financial activities. Assume ultimately responsible for the Finance Department and management of all financial processes and procedures. Understand methodologies around all streams of work relevant to client revenue/client contribution
Key Responsibilities & Achievements: A member firm of Comprobase, Inc. a systems integrator with a global presence focused on management, consulting, and technology solutions. Comprobase is proficient with PeopleSoft, Oracle e-Business Suite, Hyperion, and Oracle Business Intelligence Enterprise Edition (OBIEE). Tasked to handle full scope audits, internal audits, limited scope reviews, and special assignments in Assurance and Advisory Services across the manufacturing to the service industry. Interacted with operational management, Accounting Department management, and the Business Development organization to ensure that business objectives are translated into financial goals and objectives for Energy Solutions Planned audits and developing audit strategies along with identification of potential risk areas.
CPA from ICPAP
BA Economics