Finance Manager
OWS CAPITAL & EVENTS MANAGEMENT LLC
Total years of experience :12 years, 9 Months
• Managing overall operations in Finance Department for OWS Capital Group of companies which includes a capital investment company, events management company and a health-club.
• Preparing feasibility reports, and reporting to the directors on whether to invest in a project or not based on calculation of ROI.
• Reviewing the terms and conditions in investment projects and event management contracts.
• Coordinating with the HR Team and ensuring timely payments of salaries and payables by making regular cash-flow reports and following up with clients for outstanding amounts to maintain healthy cash-flow at all times.
• Managing operations in Accounting Department for both Interiors and Technologies Division.
• Preparing financial reports and Job Costing Reports and reporting to General Manager and Board of Directors.
• Implementing and maintaining internal financial controls and procedures.
• Preparing VAT computations and returns.
• Reviewing and assisting in payroll calculation, gratuity and leave salary.
• Reviewing the terms and conditions in annual revenue contracts, completing account reconciliations and bank reconciliations.
• Communicating with the relationship managers and providing them relevant reports required for bank credit facilities.
• Providing Comparative Report to the BOD and discussing the performance of the company on quarterly basis.
• Created financial reports and supported all areas of responsibility within a 7 person finance team.
• Prepare VAT computations and returns
• Assisted with implementing and maintaining internal financial controls and procedures
• Trained and supervised 5 junior accountants to comply with procedures.
• Completed account reconciliations and analysis of critical Balance Sheet accounts.
• Assisted with the quarterly financial statements, general ledger, balance sheet reconciliations, journal entries, fixed assets, A/R and A/P.
• Assisted Finance Manager to provide timely explanations of variances between actual results and forecasts/budgets.
• Streamlined current procedures and, develop and implement control systems.
• Assisted in the preparation of account schedules as required by outside auditors.
• Prepared Cash Flow Forecast Reports & Analysis on weekly basis.
• Prepared Sales Report on monthly basis.
• Preparing financials statements of clients to comply with IFRS and corporate business law as appropriate.
• Understanding, evaluation testing and recommending improvements in accounting and internal control system of clients
• Determining the extent of reliance to be placed on the internal controls and performing substantive tests generated for each of the financial statement areas at the planning phase and tailoring the audit approach in response to any further risks identified during the execution phase.
• Identifying key audit risks areas during audit planning to ensure an efficient audit approach is designed.
• Conducting field audit work on external audit & review assignments for local and international clients
• Performing audit reviews on compliance & corporate governance of regulated clients registered with DIFC to ensure compliance with DFSA regulations.
Accounting of Payables, Receivables, Receipts and Payments for clients in various diversified sectors of event management, trading, manufacturing, food-chains, hotels, retail stores, and other service industries.
Performed financial audits by understanding organization objectives, structure, policies, processes, internal controls, and external regulations.
Performed internal control reviews identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies and operational issues.
Undertaken business valuation assignments determining the net worth of the business, based on the economic outlook of the firm and current market conditions.
Engaged into the preparation of feasibility studies, business plans, and system studies and presenting the report for the same as per the requirement of the clients.
• Accounting
• Preparation and filing of Service Tax Return
• Preparation and filing of VAT return
• Preparation and filing of VAT Audit Report Form 704
• Formalities required with Registrar of Companies for formation of companies
• Formalities required with Limited Liability Partnership formation
• Accounting
• Statutory Audit
• Income tax return filing
• Incometax Compliances
• Annual return filing
• Drafting of Memorandum and Articles of Association
Executive Programme, Institute of Company Secretaries of India, 2012, 57.80%
Professional Comeptency Course, Institute of Chartered Accountants of India, 2011, 51.80%
Bachelor of Commerce, Mumbai University, 2010, 66.40%
H.S.C. Our Own English High School, Dubai - CBSE Board 2007 78.40%
S.S.C. Our Own English High School, Dubai - CBSE Board 2005 66.40%
