Commercial Finance Manager
Elan Incorporated FZE Sharjah UAE
Total des années d'expérience :11 years, 8 Mois
Commercial planning task: Cost-control, Product costing, Targeted EBITDA achievement, Procurement & rate
negotiation, MIS-reporting, Customer Visits-Commercial Meetings, Collection & cash flow planning, Bank facilities
arrangement, VAT, ESR notification & report filing (under Distribution and Service Centre Business) & UBO
compliance, Free-Trade-Zone customs compliance & sales-dispatch coordination, any other task assigned by Mangmnt.
➢ Training, Implementing New Ideas, new staff recruitment, Motivating and getting work done from 12 subordinate
team out of which - 5 members of Accountants; 2-Sales-Coordinators; 2-Store-keeper, 2-Dispatch Supervisor,
1-Export-Import coordinator, Cross checking of Export-Import Documentation, Export- Import LC’s etc.
➢ Inventory control & monitoring of RM, accessory, consumable stock, re-ordering & rate negotiation with suppliers
➢ Daily monitoring of effective usage of Machinery, Manpower & Power cost control & reduction wherever possible
➢ Monthly EBITDA computation & Product wise profitability Analysis, identification of low margin product & price
review with discussion of marketing head & team to achieve targeted EBITDA margin.
➢ Credit control & weekly collection target review & follow up with sales & marketing team, also with major customer
➢ Preparation of Budget & monitoring budgetary control analysis, variance analysis on monthly basis
➢ Cash flow Forecasting & fund planning to ensure to have enough Bank balance for AP, EMI, Statutory payment.
➢ Trial Balance, General Ledger scrutiny & periodic review, Bank reco review & rectification of errors & mistake
➢ Quarterly Limited review finalization, Getting Auditor’s opinion & sign & submission to HO team for further review.
➢ Controlling the cost of Freight forwarding’s & rate negotiations with Transporter especially export-Import shipment.
➢ Consolidated FS submission of Time group overseas operation & coordination with the external auditor.
➢ Quarterly VAT returns filing for Elan & apply for VAT refund from FTA (Free zone Entity) & for Ecotech - (mainland
entity subsidiary of Elan) VAT return fillings & VAT payment.
➢ Cross checking of Payroll & salary payment transfer, FNF of employee, Gratuity, PL computation & accounting
provision, loan etc & payment of FNF received from HR department.
➢ Finalization of Annual Audit -free zone entity & mainland entity, also provides extended help to solve auditor’s query
Current Organisation: Elan Incorporated FZE - Sharjah International Airport Free Zone, UAE, A
Branch of Time Technoplast LTD (Time Group) - (Manufacturer of Industrial Packaging Products - IBC,
Drums, Jerry cans, Pails, Accessory and Trading of Polymer Raw Material, LPG cylinder, Techpaulin etc)
Designation: Commercial Manager (VAT, Custom duty, Free zone Entity Compliance & Mainland compliance)
Duration : June - 2020 to date
Key Roles: (Operating system - SAP Business One & Tally ERP9 in Intercompany at mainland)
➢ Monitoring Commercial task: cost-control, Accounts, Banking&Finance, Vat, MIS-EBITDA, Product costing, Stores,
Dispatch, Customer Visits-Commercial Meetings, Collection, Customs, Reporting to CEO & Head Office.
➢ Inventory control & monitoring of RM, accessory, consumable stock, re-ordering & rate negotiation with suppliers
➢ Monthly EBITDA computation & Product wise profitability Analysis, identification of low margin product & price
review with discussion of marketing head & team to Achieve targeted EBITDA margin.
➢ Credit control & Weekly collection target review & follow up with sales & marketing team, also with major customer
➢ Preparation of Budget & monitoring budgetary control analysis, variance analysis on monthly basis
➢ Cash flow Forecasting & fund planning to ensure to have enough Bank Balance for AP, EMI, Stat. dues & collection.
➢ Preparation of Limited review, auditor’s opinion & sign (Quarterly) submission to HO team for further review.
➢ Training, Implementing New Ideas, new staff recruitment, Motivating and getting work done with Team of 25
members for Accountants; Sales Coordinators; Payable & receivable, Store-keeper, Dispatch Team, Export-Import
Documentation, checking the drafting & applying for Import LC’s.
CAREER ABSTRACT
➢ Controlling the cost of Freight forwarding’s & rate negotiations with Transporter especially export shipment.
➢ Reporting to: Operation Head, HO Finance Team & Directors on Monthly basis MIS. As an when require.
➢ Finalization of books Accounts free zone, mainland entity & Provided Extended Help to solve auditors query
➢ Consolidated FS submission of Time group overseas operation & coordination with the external auditor
➢ Quarterly VAT returns filing for Elan & apply for VAT refund from FTA (Free zone Entity & Ecotech- (mainland
entity) VAT fillings & VAT payment.
➢ Cross checking FNF of employee, gratuity, PL, loan & payment of FNF received from HR department.
VITA VISION MEDICAL SUPPLIES LLC (Trading in a Pharma. & Drug store, Food supplement) Dubai - UAE
Designation: Finance Assistance
Duration : Jan - 2018 to June-2020
Key Roles: (Operating system - SAP Business 1-Vita Vision & Focus in intercompany)
➢ MIS Reporting, Cash flow reporting, Group companies’ portfolio planning, credit facility arrangement, receivables,
collections, sales target review & follow up with sales team, accounts payable planning & reporting
➢ Trial balance analysis, ledger scrutiny & reconciliation, debtors & creditors aging reporting.
➢ Preparation, computation VAT liability on quarterly & Excise Tax on monthly basis for group of
companies & VAT return filling & payment of VAT & Excise to FTA
➢ Preparation of Budget & monitoring budgetary control analysis, variance analysis monthly basis
➢ Verify all AP invoices, imported goods, checking all necessary documents such as DN, service report,
purchase orders, GRN’s duly sign by storekeeper, Custom duty receipt (B/E), AWB or BL etc.
➢ Prepare cheques/bank transfer letters, LC, TR application and arrange to forward such letters to the
bank, also looking for net banking transfer & transaction activity etc.
➢ Follow-up with customers & sales team for dues & outstanding, collections target review etc.
➢ Computation of landed cost items wise of each imported consignment for inventory valuation, posting system entry.
➢ Final settlement, leave salary & loan settlements, petty cash reimbursement claims of employee
➢ Product costing computation, Identification of fast moving, slow moving, non-moving product.
➢ Coordination of Import & Export shipment & provides related document to bank (LC related)
➢ Fulfill of external audit deliverable & report, half yearly and annual books closure activity & annual audit.
Reporting, handling day to day banking activities & daily bank reconciliation
•Cash flow reporting, Group Portfolio planning, Credit facility arrangement, Receivables, Payable reporting
•Trial Balance analysis, ledger scrutiny & reconciliation, debtors & creditors ageing
•Meeting Audit deliverable & report, half yearly and annual books closure activity & Financial Audit
•Verify all supplier invoices, ensure that the invoices are duly authorized and are supported by other documents such as delivery note, service report, purchase orders, DO’s, GRN, MRN etc.
•Prepare cheques/bank transfer letters and arrange forward such letters to the bank.
•Monthly payroll & salary payment- based on information received from the HR department ensure correct posting of the voucher in the systems & payment of salary through bank
•Perform other related activities as assigned by the higher management from time to time.
•Maintenance of supplier guarantee, Letter of Credit (LC) and Letter of Guarantee (LG)
•Finalizing final settlement, leave settlement and loan settlements
•Preparation of Guarantee application forms such as Tender Guarantee (at the time quoting tender), Advance payment guarantee, Performance guarantee and Financial guarantee (after awarding the contract, Tenders)
on Daily accounting and bank reconciliation, collections & payment.
•Works On VAT, CST liability computation & payment & issue of C-Form if necessary
•Worked on vendor reconciliation, pay roll processing & salary payment & Petty Cash
•Computation of cost of job for a printing line business. i.e. Textbook, note-book, dairy, maxzine.
•Worked experience with Auditors of Financial Audit & solve query raise by them
•Worked up to Finalisation, Preparing P&L AC, Balance Sheets, notes to Balance sheets etc.
•Worked on Trial Balance scrutiny on regular basis
On VAT, CST Liability Computation & Payment & Issue of C-Form if Necessary
•Worked on Pay-roll processing, Bank & vendor reconciliation
•Worked on Trial balance scrutiny on regular basis
•Worked on Prepared of Purchase order, Purchased Invoice, Sales Tax Invoice etc.
•Worked on Maintains enough Petty Cash Balance & Petty Cash Forecasting on Weekly
•Worked up to Finalization, Preparing P&L AC, Balance Sheets, notes to Balance sheets etc.
•Worked experience with External Auditors & solve query raised by them
•Tally- 9 ERP, SAP Business One & Focus
•MS-CIT (80%)
•Working Knowledge of MS Office
Associate Members of the Institute of Cost Accountant of India - CMA
M.com specialization in Cost & Management Accounting
M.com in the field of Cost and Management Accounting, Taxation, Accounts and Finance Management
. (I-Dist) Pune University