Finance Manager
BLS International
مجموع سنوات الخبرة :17 years, 4 أشهر
The company forms part of the BLS International Group which is listed in NSE. BLS an acknowledged leader in the provision of Government to Citizen (G to C) services, Leveraging its dominant position and business opportunities in rapid-growth markets, the organization is now poised to drive a transformational developments in the G-to-C Business globally.
Key Result Areas:-
-Guiding, monitoring and controlling the accounting activities of the different centers in UAE & other ME partner locations.
-Suggesting and initiating cost saving and revenue improvement measures
-Responsible for ensuring quality information, trend analysis, and projections are available for decision making
-MIS for the region to portray the monthly profitability, variance analysis vis- a-vis budgets; review of books/ MIS on a monthly basis and ensuring due accounting control.
-Responsible for ensuring high level of accounting controls in processes to have a higher internal audit rating
-Ensure that the working capital of the region is managed efficiently with special control on receivables, advances and credit management.
-Takes lead and delegates work for the successful implementation of special projects.
-Ensure financial and legal compliance with special reference to the compliance with the Group Finance manual.
-Review of All Legal Contracts, to safeguard the interest of company and other stakeholders.
-Ensures professional development of colleagues and team members; recognizes training needs and provides for necessary trainings to individuals.
-Coordinating and negotiating with the partners for other ME locations as and when required.
-Responsible for Consolidation of Accounts & Quarterly Audit for the for BLS International UAE.
-Assisting Business Development team in performance of SWOT analysis during bid evaluation process. Exploring the results of similar nature project to compare with the bid Scope of Work and then make adjustment due to recent modernization in laws & regulations, inflation, currency exchange rate etc. to future Organization’s profitability
The company forms part of the Sharaf Group with its headquarters based in Dubai. Sharaf Group is a highly diversified business with operations in the areas of Shipping, Logistics, Supply Chain, Retail, Travel & Tourism, Information Technology, Financial Services and Hospitality & Real Estate. The Group operates in 40 Countries across the Middle East, Africa, the Indian Subcontinent and Asia.
Key Result Areas:
Liaised directly with Store Operations, marketing and head office, ensuring smooth running of stores
Dealt with South African Revenue Services (SARS) and Labour departments
Validated the books of account ensuring completeness and accuracy as per GAAP and IFRS
Prepared bank position highlighting opening and closing bank balances, daily collections and payments divided in major heads like: merchandise, projects, logistics and staffing costs
Filled Income Tax Returns, VAT Returns and other statutory returns
Worked with RAMCO team and successfully created and implemented the HRMS Payroll system
Overviewed Training Programs for all stores
Processed Payroll for stores and back office staff in SAGE VIP and HRMS system
Analyzed leases and other contract and legal documents ensuring that these are in company’s best interest.
Managed:
o HR Functions (Interviews, hiring, payroll, salary reviews, performance reviews, disciplinary, hearings, dismissals)
o Weekly cash flows and projected cash flows
o Monthly MIS and other monthly reports
o Implemented cost management system that allows the company to track operational and marketing costs
o The preparation of annual accounts of the company such as Balance Sheet, Profit and Loss Account as well as ensuing accounts are audited by statutory auditors
Highlight:
Prepared and presented weekly and monthly cash flows management reports on cost and benefit analysis, productivity analysis, inventory turnover analysis and cost variance analysis
Worked with the General Manager in the preparation of annual budgets, monthly forecasts, and strategic plan
Ensured that working capital and Treasury is well managed so that the organization is able to fund its operations, meet financial obligations and maximized returns from surplus cash resources
Performed revenue recognition, analysis and forecasting that improved the company’s reporting system by over 10 %, by implementing “weekly comparison of store KPI’s and running incentive for slow days”
Planned and supervised Quarterly stock takes and report variances and implement corrective measures.
Filed VAT returns and dealt with tax department for getting the refund
Analyzed Inventory Ageing report and planned the promotional sales offers with General Manager
Controlled Cash Expenses and ensured cash disbursement is as per company’s procedure
Prepared Fixed Assets Register, issuing assets Numbers, entering depreciation keys, charging depreciation and considering logic test on total depreciation charged.
Key Result Areas:
Monitored trade finance consisting of letter of credit, buyer’s credit, supplier’s credit, PCFC, dealer financing, bill discounting, factoring
Arranged commercial papers and dealing with related matters
Coordinated with units for their day-to-day fund requirements and ensuring proper fund management
Processed and submitted stock statements on a monthly basis to Banks
Created mortgage and security on the immovable properties of the company in favor of secured term loan lenders
Submitted external commercial borrowing returns on a regular basis as well as quarterly, half-yearly, yearly covenant reporting to all ECB lenders
Prepared MIS reports and controlled the Expansion of Capex and other Normal Capex in respect of the organization
Compiled and presented CMA and projections preparations
Key Result Areas:
Managed general accounting function including controlling accounts as well as application of accounting standards; general account admin; finalized balance sheet
Processed project payments based on the information obtained from project reporting and ensured all the necessary documents and completion certificate are attached
Performing vouching and verification procedures and agreeing accounting records to source documentation
Assisted in Due Diligence done on behalf of foreign investor
Key Result Areas:
Efficiently Conducted Statutory Audits, Internal Audits, Concurrent Audits and Tax Audits
Tax Administration of Business and Individuals by tax consultancy and return filing
Preparation and Computation of VAT Details and online submission of VAT Returns
Walkthrough of the processes documented to ensure the controls identified are operating as designed and suggesting remediation for the design deficiencies.
Quantification of the deficiencies observed during the testing to analyze its impact on the financials
Remediation for the deficiency observed and testing of the same in the next period to ensure effective implementation