Finance Specialist
Karpower International DMCC
مجموع سنوات الخبرة :12 years, 1 أشهر
• Negotiating with banks for letter of Credits and Performance bonds in other to increase the working capital to have enough funds to manage a healthy operation in countries we are carrying out operations which are under my scope (Ivory Coast, South Africa, Senegal).
• Responsible for processing, managing, and reconciling all accounts payable, accounts receivable and payroll for other branches worldwide,
• Managed, analyzed, researched, and collected from vendors in debt balances. Significantly increased working capital by communicating and acting quickly.
• Successfully managed vendor daily payment activity of $172m, weekly and prevented erroneous and unauthorized payments for our companies in other countries across the globe.
• Reviewed discrepancies of bank charges with banking institutions.
• Established daily reports for management.
• Analyze Financial Statements against forecasts and prepared high-level variance analysis, Preparing and reviews of cash flow.
• Monitoring of both inland as well as export payments for our other branches worldwide.
• liaison with treasury departments of the bank for various FX transactions and,
• As appropriate, based on findings make proposal for operational changes (policy, procedures, processes, etc.).
• Understand and follow company rules and regulations and perform all other duties as assigned and required.
• Establishing a positive and productive site environment, accommodating the roles and needs of diverse teams to promote a cohesive team-based culture, maximizing potential and enhancing performance.
• Analyze financial performance against key business metrics and document pertinent financial highlights that will enable management to determine progress against budgets.
• Performed complex general accounting functions, including preparation of journal entries, account analysis and balance sheet reconciliations. Compiling general ledger entries on a short schedule with nearly 100% accuracy.
• Reconciling payments received and goods delivered for online sales and performing refunds to customer’s cards. Taking into consideration all the procedures as per SOP to reduce risk and making all proper checking before refunds are initiated.
• Prepare monthly reconciliation of bank accounts and take proactive/corrective actions on the deviations.
• Invoice bookings for expenses incurred and bank payments to suppliers on a timely base to avoid late payment charges from suppliers.
• Calculations of Extended warranty provision for goods bought and income realized monthly and payments to insurance company.
• Gathering all necessary documents and filing for insurance claims for damage goods and follow up for payment with insurance company till payment is received.
• Follow up of Audit engagements and supporting the auditing process for revenue recognition.
• Month End provisions, Shrinkage and depreciation calculations, payroll prepares and WPS entries entered in the books.
• Consolidation of group companies.
• Prepared monthly accounts and ensured the timely preparation of government reports and file tax returns in compliance with tax requirements with strict standards.
• Reduced annual tax adjustments by 20 % through better financial control.
• Prepare monthly analysis of cost of goods sold and operational expenses against prior year and budget, providing explanations and business solutions to help mitigate the risks.
• Initiated two key partnerships which resulted in 54% revenue growth.
• Suggested budgetary changes to increase company profits.
• Partner with Product Management and Purchasing Team in determining financial impact due to product cost reductions, new product roll out, etc.
• Implemented marketing strategies which resulted in 12% growth of customer base.
• And prepare periodic forecasts to update management on projected results.
• Identify, investigate, and analyze potential operational improvement.
• Computed taxes owed by applying prescribed rates, laws and regulations.
• Calculation of annual corporate tax.
• Developed new process for employee evaluation which resulted in marked performance improvements.
• Supported Chief Operating Officer with daily operational functions.
• Plan, Study and Collects Data to determine Costs for Business Activity.
AUDITING, COST ACCOUNTING, MANAGERIAL ACCOUNTING, FINANCIAL ACCOUNTING, TAXATION, MANAGEMENT, ECONOMICS, MARKETING,FINANCE
COST ACCOUNTING, BUSINESS MANAGEMENT, FINANCIAL ACCOUNTING, GENERAL ACCOUNTING, MARKETING