Section Manager - Disbursement
Abu Dhabi Distribution Company
Total years of experience :18 years, 7 Months
• Verify and approve payments to Suppliers and Employees.
• Manage payroll payments.
• Manage Accruals on a monthly basis, in coordination with Departments.
• Monthly Closing of Accounts Payable and Payroll modules in Oracle.
• Manage External and Internal Audits, VAT compliance.
• Process review, documentation and improvement.
• Lead a ten-person finance/payroll team.
• Verifying and approving all payments through ERP, Oracle.
• Working with Project Managers and Procurement Division to understand specific business needs and provide tailor-made Contract payment terms and schedules.
• Coordinate with Budget and Reporting Section for the preparation of various reports as requested by the Senior Management.
• Represent Finance Division in contracts and negotiation steering committees.
• Manage the audit of cost-plus contracts.
• Ensure compliance with Accounting Standards and review month-end and year-end closing schedules.
• Planning and formulating work plans and schedules pertaining to the team.
• Positioned as go-to person for up to 8 staff members, troubleshooting issues promptly.
• Implemented new working processes for team members, which delivered continued improvements.
• Identifying the Section's Objectives and defining the Key Performance Indicators (KPIs) for them.
• Prepare People Performance Management reports (PPM) for the Section and provide feedback on Division's Performance Report.
• Conducted training and mentored team members to promote productivity, accuracy and commitment to friendly service.
• In charge of book keeping for the hotel ensuring accuracy and completeness of transactions.
• Completing Monthly closings and Annual Audit in a timely manner.
• Preparation and submission of Daily, Monthly and Annual Reports to Management/Ownership.
• Daily Reports, Monthly Profit and Loss Statement and Balance Sheet, Comparison with forecast, plan and prior year performance.
• Give detailed narratives on the factors contributing to the performance.
• Supervising the work of colleagues in Income Audit, Night Audit, Accounts Payable, Accounts Receivables, General Cashier, Bank Reconciliations, and Credit Card Charge back areas.
• Co-ordination with the external and internal auditors, and tax authorities.
• Audits, reviews and compilation for U.S Corporations.
• Financial planning for High net-worth individuals.
• Profile Analysis, Financial Independence, Analysis of Insurance needs, Investment Analysis, Asset Allocation, Rebalancing of Portfolios, Quarterly reviews (AIG).
• Tax Planning, Preparation of Tax Returns for US Corporations and Individuals.
Certified Public Accountant
Chartered Accountant