Finance Specialist
Majid Al Futtaim
Total des années d'expérience :11 years, 2 Mois
• Managing all day-to-day things for the company. (Startup)
• Responsible for carrying Internal and External Audit procedures starting from planning until reporting.
• Responsible for supervising the team and ensuring due completion of work.
• Developing financial policies and procedures tailor made for clients.
• Performing business development for the company.
• Ensure the implementation of International Financial Reporting Standards (IFRS) for clients.
• Conducting special assignments such as fraud audit, feasibility study, etc for clients.
• Ensure all the audits follow a process map and diligent planning.
• Complied and verified all the VAT filing for our clients.
Achievements
• Conducting assignment as a Finance Manager for our client and managed their Finance Team for 5-6 months. Sharply and significantly improved the finance function to match the requirements of the company.d the finance function to match the requirements of the company.
1. Developing and formulating long-term forecasts and leading the company’s budgeting process.
2. Review the accounting reports and analysis of the actual versus the budget.
3. Review and verification of costs incurred and ensure completeness of documentation.
4. Developing and formulating long-term forecasts and leading the company’s budgeting process.
5. Consolidation of accounts on a Group level.
6. Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc.
7. Supervise and Improvise on projects initiated by the Group.
8. Managed the accurate and timely processing of all the invoices on a monthly basis, validated content and resolved all issues.
9. Reconcile vendor statements, research and correct discrepancies.
10. Implemented internal control and process checks to improve the payment process
11. Monitor vendor accounts to ensure payments are up to date and compliant with the agreed vendor payment terms.
12. Furnished the CFO with A/P liability summaries and cash flow reports that were consistently praised for their accuracy, user-friendliness and timeliness.
13. Assisting the Group CFO with month end and year end closing.
14. Supervise preparation of KPI’s which includes management of risk and analysis based on trends.
15. Facilitated “No Fault” internal and external audits as a result of sound recordkeeping and thorough documentation.
16. Maintaining relationship with the bankers through co-ordination and financial management of funds.
17. Handling invoice generation based on the customer requirements.
18. Leading the team and developing objectives for team and individual performance and monitor their achievement.
19. Implementation of Value Added Tax (VAT) in the firm.
20. Preparation and periodical filing of VAT returns to the Federal Tax Authority (FTA).
21. Development and monitoring of internal controls pertaining to financial management.
1. Planning, organizing and performing audits including risk assessments.
2. Handling audits with clients in diversified industries.
3. Understand, evaluate and test the design and operation of accounting and internal control systems, offering recommendation for any weaknesses noted.
4. Review the accounting ledgers of the client including payables and receivables and analyzing the transactions based on the set materiality level and communicating discrepancy if any to the management
5. As part of the audit process, conducted meetings with client’s senior management, planned and designed procedures, trained interns, discussed issues with the firm’s senior partners and ensured overall quality and timely delivery of the project;
6. Preparation of management improvement report which details all the process improvement points identified as part of the audit.
7. Ensure compliance to Group accounting policies and local law in transaction processing.
8. Assess any changes in accounting standards (IFRS) and its implication on financial and disclosure reporting.
9. Preparation, completion and timely issuance of financial reports, meeting the client deadlines.
10. Conducted special assignments which includes fraud audit, royalty audit and performance analysis and organization restructure evaluation.
• Planning, organizing and performing audits including risk assessments.
• Handling audits with clients in diversified industries.
• Understand, evaluate and test the design and operation of accounting and internal control systems,
offering recommendation for any weaknesses noted.
• Review the accounting ledgers of the client including payables and receivables and analyzing the
transactions based on the set materiality level and communicating discrepancy if any to the
management
• As part of the audit process, conducted meetings with client’s senior management, planned and
designed procedures, trained interns, discussed issues with the firm’s senior partners and ensured
overall quality and timely delivery of the project;
• Preparation of management improvement report which details all the process improvement points
identified as part of the audit.
• Ensure compliance to Group accounting policies and local law in transaction processing.
• Assess any changes in accounting standards (IFRS) and its implication on financial and disclosure
reporting.
• Preparation, completion and timely issuance of financial reports, meeting the client deadlines.
• Conducted special assignments which includes fraud audit, royalty audit, performance analysis and organization restructure evaluation.