Finance Manager
Phoenix group
Total des années d'expérience :13 years, 3 Mois
Brief: Reamna International FZCO is a multinational conglomerate based in Dubai, United Arab Emirates. It is one of the
leading general trading companies in fast-moving consumer goods. Reamna is the Parent Company for various Reamna
Group of Companies in Eritrea, Angola, D.R Congo, Kenya, South Sudan and the Republic of T’chad.
The core business of the Group is general trading in FMCG, international chain hotel development and production of personal
and home care products.
With direct reporting to Managing Director, heading Finance and Accounts division of the Company.
Responsible for all the payment authorisation in USD and EURO currencies.
Managing the banking and treasury function of the Company with minimal cost and risk exposure.
Manage all accounting operations including accounts receivables, accounts payables, general ledger, cash flow
management at the Head Office.
Preparation and presentation of the financial statements in a true and fair manner in accordance with IFRS
Overseeing the accounting and finance function and headed the team of 4 in the finance department.
Review and redesign of finance processes for maximum efficiency and scalability.
Finalising financial statements and financial information for all the stakeholders.
Attending daily morning meetings with all HODs’ for hotel operations discussions.
Liaising with other departments, external and internal auditors for various audits.
Detailed financial analysis and part of the management team for budget forecast.
Hands on experience over the ERP “Sun System” and other supporting software.
Preparation of monthly MIS reporting, working capital report, for presenting the same to Director of Finance.
Part of preopening team for new hotel along with designated signatory in the authority matrix before
Director of Finance and General Manager.
Supervising account receivables/accounts payables team, negotiation with suppliers for payment terms.
Analysis of Open PO and formalising pr
I Independently steering entire audit of the allocated clients.
Assessing risk and applying results to the prioritization of audit projects and objectives; developing audit programs that test the level of risk which would be addressed by redefining controls within the assigned business area
Consolidated Group reporting for entities with multi-currencies, Variance Analysis of Profit & loss, Review of Management information systems on monthly/quarterly basis.
Documenting and assessing the controls environment within various domestic and international units to ensure compliance with company policies, procedures.
Assessing compliance with governmental and jurisdictional regulatory requirements, financial accounting and auditing standards, and company policies to ensure that company assets were safeguarded.
Demonstrated excellent auditing skills in the execution of audits including on-time conduct of audits with minimal supervision, raising and clearing audit issues with management, drafting audit issues and reports
Prepared a list of all deviations/deficiencies observed in procedures, their potential implications / risk and provided recommendations to overcome the same
Key Clients Handled-
- Beside LLC (Diesel & Fred Perry Brands UAE
Outlets)
- TASC outsourcing (Leading recruiter in Middle
East),
- BMTC Group (Leading Electric & lightning
solutions local group in UAE)
- Shankar Trading (Giant Group of companies)
- HDFC -Dubai branch, HDFC -Dubai branch
- Kinden Corporation (Contracting company), etc.
• Successfully conducted audit up to finalization of accounts of companies from various sectors including Trading companies, service sector companies, gas companies, manufacturing companies, insurance broker companies & diamonds companies, etc. independently
• Work involved Statutory Auditing for various free zones and mainland, internal audits, accounting reviews, cost analysis, accounting, etc.
• Preparing audit programs, scrutinizing financial statements, verification to adherence of various accounting and auditing standards, resolving audit queries, providing suggestion to clients for efficient and effective implementation of systems.
• Documentation of clients' accounting system, internal control environment and performance of "walk-through test" to evaluate the inherent controls and operating effectiveness of the same.
• Stock Audit: Attended and evaluated annual physical inventory and cash counting procedures, for the purpose of external audit.
• Verification of audit evidence with regard to transactions relating to the income and expenses stated in the books of account prepared by the clients.
• Verification of audit evidence with regard to assets, liabilities and equity stated in the books of account prepared by the clients.
• Concluding final audits wherein summarized key audit risk areas, internal control observations and resolution of final audit review matters and queries.
• Conducting analytical review with regard to income and expenses items.
• Preparation of Financial statements/Consolidated Financial statements as per IFRS, management letters, auditor's report, representation letters, coordination with group auditors and other client correspondence relating to audit work.
• Efficiently developed internal control and flow of documents (transaction movement) in various companies and help them to streamline their process.
• I was associated with Management Audit & Assurance Services (Internal Audit Team).
• During my Industrial Training with Adani Enterprise Ltd, I was involved in the Review of vendor payments, commercial process, and stores process.
• I was also involved in the process and audits of Material aging Analysis, Post Audit, Imprest Audit
• Physical Asset Verification at Ahmedabad and Mundra port site location.
• Policy Compliance Audit - i.e. Employees Leave Policy, etc.
• During the Tenure of my Internship training from M/s R.S. Patel & Co, Chartered Accountants, Ahmedabad, I have been exposed to work related to Accounting, Internal Audits, Tax Audits, Income Tax work, etc.
• Organizing MIS reports to provide feedback to top management on financial performance, viz. fund management and aging analysis, Preparing Bank Reconciliation, Ledger Scrutiny of Books of Accounts, Analysis of Expenses
• Have been exposed to Internal audit of company having Turnover more than 500 crores. Handling the Different Internal auditing of various business processes like Purchases, Sales, Stores Process, Human Resource, Expense Review, Statutory compliance etc.
• Having experience of Tax audits as per statutory requirement
• Preparing Tax returns of individuals, firms & TDS returns
Indian Chartered Accountant - Throughout First Attempt