Assistant Finance Manager
Artan Holding
Total years of experience :14 years, 7 Months
1. Liaison with Finance personnel of the subsidiaries for collating necessary information and coordinating with auditors, consultants and external parties.
2. Maintain a documented system of accounting policies and procedures.
3. Establishing the procedures for custody and control of assets, records, loan collateral, and securities, in order to ensure safekeeping.
4. Oversee the operations of the finance department, including the design of an organizational structure adequate for achieving the department's goals and objectives.
5. Plan, direct, and coordinate the activities of employees in the department.
6. Review collection reports to determine the status of collections and the amounts of outstanding balances.
7. Forecast cash flow positions, related borrowing needs, and available funds for investment
8. Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements
9. Maintain banking relationships.
10. Assist in determining the company's proper capital structure
11. Arrange for equity and debt financing
12. Manage the preparation of the company's budget
13. Report to HOFA on variances from the established budget, and the reasons for those variances
14. Assist HOFA in the formulation of its overall strategic direction.
15. Prepare financial and regulatory reports required by laws, regulations, and boards of directors.
16. Prepare operational and risk reports.
17. Analyse and classify risks and investments to determine their potential impacts on companies.
18. Involve and recommend in ongoing cost reduction analyses in all areas of the company.
19. Review the performance of the company divisions and report on key issues
20. Assist in evaluating financial reporting systems, accounting and collection procedures, and investment activities, and make recommendations for changes to procedures, operating systems, budgets, and other financial control functions.
21. Create additional analyses and reports as requested by HOFA
22. In charge of Accounts payables - Ensuring Urgent payments are done on time -Reconciling the major supplier accounts on monthly basis and resolving the issues.
Seconded for Kahramaa Revenue Project (9 months)
Review of accounting process and compliance with IFRS related to ‘Bulk Project’ contracts with yearly turnover of more than 600 Billion Qatari Riyals.
Presentation to senior management on various process issues and recommendations including liaising with external consultants (Big4 consulting companies)
Review on reliability of MIS reports from Oracle JDE and Ultimus (Operational software), liaising with IT for implementing recommendations and report on test runs.
Review of ‘Final bill’ process and recommendations for safeguarding Kahramaa revenue and receivables.
I am entrusted with the QFC’s accounts receivable module and accounting and of its related entity 'Qatar Finance and Business Academy' (QFBA). QFC is an onshore center that provides a platform for various international investors to establish 100% expat owned entities. QFBA is an educational institute for finance and business studies.
My responsibilities include:
• Assisting the Finance Controller in monthly corporate reporting including analysis of various MIS reports.
• Closely work with the IT team to enhance the finance module of the ERP system in place. Recommendations are to be provided based on the test-runs.
• Implement and maintain the integration of financial data from CRM to AX finance module. Integrity of data to be tested and reported at regular intervals from various reports generated in the ERP.
• Recommend changes for better internal controls in accounting
• Prepare monthly fee reconciliation, debtors and collection reconciliation reports, rent income reconciliation report
• Analyze and advise the sales team based on monthly debtors ageing.
• Report and discuss on the progress in debtors collection with the management.
• Handling and assisting the external audits including addressing audit queries independently.
• General accounting functions, including preparation of journal entries, account analysis, bank reconciliations, debtors’ collection analysis and GL to sub-ledger reconciliations.
In charge of Internal Audits, Statutory audits, Taxation of Companies and Business Consulting. Major responsibilities include
1. preparation/review of financial statements in line with IFRS and IGAAP
2. Audit as per IAS, Preparation of project feasibility reports. Directly reporting to the Audit Manager/Partner.
3. Actively involved in finalization of audits and includes discussion of major issues/recommendations with the client's top management.
4. Checking the AML/CFT complainces along with QCB rules
5. Verifying the accounting process of clients including the invoice processing, vendor reconciliation, fixed asset module, bank reconciliations etc
In charge of internal and statutory audits with a designated team.
♦ Preparation of Trial Balance, Profit & Loss Account, Balance Sheet, Analysis and Interpretation of these figures with the help of ratio analysis.
♦ Actively participated in finalization of financial statements of Companies
♦ Preparation of Income tax returns of companies, firms, trusts & individuals.
♦ E - Filing - with Income Tax Department.
♦ Statutory Audits under Companies Act, 1956 and Tax Audits u/s 44AB of the Income Tax Act, 1961 of group of Companies engaged in Manufacture of Footwear and Jewellery with turnover of over Rs.200 crores. Compliance of Various Statues like Employees Provident Fund Act, Pension Act, Employees Gratuity Act etc.
♦ Stock Audit of Companies in the Manufacturing sector.
♦ Statutory Branch Audits of Banks as per the Prudential norms on Income Recognition & Asset Classification (IRAC Norms)
Chartered Accountant, from The Institute of Chartered Accountants of India (ICAI) Year Examination Percentage May 2011 CA Final 50.25% May 2007 CA PE II 55.33%