Finance Manager
German Press Company
Total years of experience :23 years, 9 Months
1.Oversea the Financial Operations and guide the team and allocate the work task
2.Oversea day to day financial operations and monitor fund flow
3.Evaluate the material request based on the budget and plan of the production department and approve the purchase order
3.Monitor and control Bank Facility and prepare the schedule of repayment and oversea the utilisation
4.Control foreign Purchase and open Letter of Credit on negotiation with the supplier.
5.Control and approve monthly payroll and overtime.
5.Maintain the accounts master, manual and make sure the adhere of accounting standard in the finance department.
6.Management report and developing various MIS report.
7.Cost control and product cost evaluation on different projects and project bidding.
*Controlling day to day financial operations
*Cost and profit evaluation of projects
*Cost estimation and profitability analysis for new project quoting
*Coordinating the financial operations of US based franchises and HO
*Maintain the work flow of Finance department, work allocation and monitoring the performance level based on work completion of subordinates
*Budgeting, Monthly financial report and variance analysis of each department and seek clarification from HOD.
*Present the monthly profitability, Variance, Cash flow etc to the top management along with HOD clarifications and future course of action.
1.Supervision of day to day financial activities of trading and manufacturing division with ensuring collections and payables
2.Implementing cost accounting system in Manufacturing and trading divisions.
3.Preparation of Budget and compare the variance based on monthly performance.
4.Implementing operational efficiency by analyzing sales and income, Cash flow and operating expenses.
5.Analysis of the financial viability of all new business proposals.
6.Implementing cost reduction plans and improving profitability
7.Development of Inventory Control Management System.
8.MIS Development and reporting structure to management with preparation of monthly financials MIS, Income statement and Cash flow for different divisions.
9.Production feasibility analysis.
10.Coordination with operations team for providing periodical analysis reports, HR and Commercial teams for day to day involvements
11.Review of revenue and cost accruals for each financial closing/monthly
12.Depreciation, amortization spread sheets, fixed assets control sheets, fixed overhead allocation to profit centers, Opex allocation, Capex amortization, project costing for all the divisions.
13.Monitoring and controlling the financials of overseas operations in KSA and Qatar.
MIS Reporting on monthly basis
Finalisation of accounts and preparation of other financial reports in coordination with auditors
Analysis of different ledger accounts with its reconciliation
Analysis of foreign creditors and calculation of foreign exchange gain/loss
Coordination with different group companies to reconcile and confirm the balances due to and due from them and providing report on monthly basis
Maintenance of Fixed Asset Register and calculation of monthly depreciation
Analysis of prepaid expenses
On time payroll process and salary disbursement
Calculation of monthly provision for various expenses
Closing books of accounts of Joint Venture entities and prepare income statement on monthly basis
Reconciliation of creditors accounts and arranges scheduled payment and communicates with them in case of issues.
Preparation of different schedules to financial statements for audit purpose
Maintaining and reconciling the account of Banyan Tree Holdings and communicate issues relating to hotel and hospitality matters
Any other job assigned by the CFO
Preparation of financial statements and ensure update maintenance of accounting records
Submit accurate financial reports on time
Responsible for accounts payables and receivables
Calculation and payment of Direct Tax, Service Tax and FBT
Fund management and reconciliation of more than 30 bank accounts
Dealing all financial issues with vendors, suppliers and JV partners and resolving them
Train and develop the staffs in finance department
Monitoring daily cash flow and cash management
Evolve and implement the accounting systems and policies
Fixed Asset management
Cost accounting and cost estimation for each job work
Analysis of cost variance based on cost sheet
Corporate accounting and preparation of financial statements
CAPEX analysis
Branch and showroom accounting
Monitoring showroom cash collection and its daily deposit into bank
Statutory matters-Sales Tax, Income Tax, ESI, PF, Service Tax and Customs
Stock reporting and stock audit
Stock ageing analysis and clearance of dead stock
Any other work assigned by CFO
Certified Managment Accountant CMA (USA)