Assistant Finance Manager
Dubai Holding
Total des années d'expérience :7 years, 7 Mois
Management Accountant’s Reporting
1. Preparation of month-end P&L, BS, Cash flow including the flash reports for Owner company and combined reports with operator company and other reports necessary for the group consolidation.
2. Participating and contributing in the strategic review and planning including preparation of yearly budget for owner company and consolidated budget with operator companies of Ain Dubai and Dubai Arena.
3. Reviewing and challenging the performance reports submitted by the operator companies and preparing the consolidated monthly performance review PPT deck & related reports for the senior management review regarding the key performance indicators including any additional meaningful insight and practical recommendations for the decision making.
4. Coordinating and Supporting Treasury, Financial Analysis and Budgeting, Compliance and Reporting department for their various requirements including Working capital management, implementation of IFRS, Quarterly and yearly audits, ad-hoc reports, forecasting and Budgeting and IC reconciliations.
5. Liaising with Internal and External Auditors, Banks, IT consultants, Other Group Business Units for the various requirements of Ain Dubai and Dubai Arena in coordination with operator companies finance team and other functions of finance.
General Ledger Accounting & Finalization
1. Accounting of month end Journal Vouchers, prepaid entries, and accruals for Owner company and Loading the TB of operator company in the operator’s books-maintained Owners side in Oracle using the TB mapping and pass necessary adjustment entries in operators’ books.
2. Ensuring compliance with IFRS, specifically, IFRS 9, 15, 16, 21, IAS 16 and IAS 36.
3. Migrating the books of accounts of owner companies and operator companies from Oracle EBS to Oracle Fusion. (Including UAT, Validation of data and Error fix).
4. Preparing the requisite details and coordinating with compliance department as per UAE VAT laws for monthly VAT filing.
5. Liaising with FA accountant to Account Additions and Deletions FA valuation, Depreciation and Amortization and Impairment of various assets of Ain Dubai and Dubai Arena.
6. Advice the operators for their queries on various accounting issues in coordination with various functions of finance.
Project Payments and Payable Accounting.
1. Reviewing the payment request raised by the operator companies for the day to day transactions, submit the payments for the approval based on bank mandate and give necessary clarifications to the approver.
2. Preparing the progress payments for the project payments by collating and combining the documents from various departments including validating the payment with the development budget.
3. Accounting of the invoices and payments in owners’ book by liaising with purchase department for completing the processes relating to PO.
4. Reviewing the Purchase requisition and purchase orders liaise with purchase department and Project managers to understand the nature of transaction and suggest the appropriate accounting codes to be used to raise the PR for various departments.
5. Preparing the weekly cash forecast for project payments and day to day operations including raising the cash call requests for large batch payments from the treasury department.
6. Liaising with operators and Treasury department for operator’s cash call requirements.
7. Liaising with various BU’s under DH to settle the IC payments for both owner and operator companies.
Others
1. Carrying out monthly IC reconciliations and ensuring that the transactions are entered in both the sides for avoiding the mismatch during reporting.
2. Following up the internal audit log pending actions by coordinating with BU’s under DHE and give necessary clarification to the IA for the pending actions.
3. Providing cross team and cross BU support and supporting other departments on finance team’s behalf.
Management Accountant’s Reporting
1. Preparation of month-end P&L, BS, Cash flow and management accountant’s report, and submitting directly to regional managers in UK.
2. Participating and contributing in the strategic review and planning including preparation of forecasts every month.
3. Developing financial models and management planning tools based on historical data, future forecast and various user adjustable inputs/scenarios for the management using Power BI/Excel using DAX coding.
4. Preparing the Monthly performance review presentation and reports for UK management regarding key financial/performance indicators including meaningful insight and practical recommendations for the decision making.
5. Assisting the Senior Management team in yearly budget preparation.
6. Supporting finance manager with working capital management, implementation of IFRS, ad-hoc reports, forecasting and reconciliations.
7. Liaising with Auditors, Banks & Consultants as representative of Company’s Finance function.
General Ledger Accounting & Finalization
1. Accounting of month end Journal Vouchers, prepaid entries, and accruals.
2. Ensuring compliance with IFRS, specifically, IFRS 9, 15, 16, 21 and IAS 36.
3. Migrating and integrating the books of accounts of acquired companies (M&A) into the books of accounts(MS Dynamics Navision).
4. Stock valuation, ageing and monitoring stock consumption.
5. Preparing the requisite details as per UAE VAT laws for quarterly VAT filing.
6. Providing cross team support and supporting other departments on finance team’s behalf.
Payables Accounting
1. Review and final check of all accounting entries before period close.
2. In the absence of accountants, completing the day-to-day accounting entries as required.
3. Payroll preparation and loading into the software. Commission and incentive calculation.
4. BRS review and approval.
5. Monitoring stock counts and investigating the deviations.
Receivables Accounting
1. Accounting and posting credit note accounting entries into the software. Monitoring and reviewing the work of receivables accountants to ensure that invoices are prepared and sent on a timely basis.
2. Debtors ageing calculation and BD provision calculation using an ECL matrix in compliance with IFRS 9.
3. DSO calculation, monitoring and reporting including detailed scrutiny of long outstanding AR accounts and matching of unallocated cash.
Summary of key work exposures (2012-2018) :
Accounting:
1. Centralized accounting, financial reporting and MIS reporting of Silkmark Oranization of India (Silk Board
of India) and its 11 branches all over India for the years 2012 & 2013. Including investigation and reporting
of reasons for variations in expenditure, income and providing suggestions for improvement of
performance.
2. Preparation of projected financial statements for Premium Ferro Alloys Limited, a manufacturer of steel
having turnover exceeding USD 18 million, and assisting the management in long term planning.
3. Regularization of accounting of Flavourit Spices Trading Limited (Subsidiary of Spices Board of India) for
the years 2015, 2016 and 2017 including investigation and reporting on the reasons for the changes in
profit, on behalf of the Comptroller and Audit General of India.
4. Preparation of e-returns of VAT, Service tax and TDS of more than 50 clients including ‘Centre for
Development and Education’ (IFIM business school Bangalore).
5. Preparation of reports and case response statements for assessments and appeals of Income Tax, Vat and
Service Tax disputes for several clients including Prestige Group a construction company and Batra’s Clinic.
6. Financial reporting including preparation of balance sheet, profit & loss statement and cash flow statement
of various entities ensuring compliances with accounting standards and other norms (GAAP).
7. Scrutiny of account receivables, analysis of collection period and assigning rating based on credibility.
Financial Reporting (IFRS, US & Indian GAAP) Management Accounting Internal Auditing
Budgeting & Forecasting VAT & Service Tax Accounting Systems Internal Control
Reconciliation and Analysis Microsoft Office Tally & Oracle ERPFinance Management
8. Scrutiny of account payables including checking of purchase of fixed assets, staff advances and payroll verification.
9.Computation and filling of corporate tax returns and advising corporates and individuals for tax management.
10. Management and verification of Cash in hand and bank balances including preparation of periodical Bank
Reconciliation Statements, surprise verifications and investigating discrepancies.
Auditing:
1. Audit of Flavourit Spices Trading Limited (Subsidiary of Spices Board of India) for the years 2012, 2013
and 2014 assigned by Comptroller & Audit General of India including investigation and reporting on the
reasons for the changes in profit.
2. Statutory Audit of over 15 companies including investigation and reporting on the deficiencies in Internal
Control with suggestions for improvement; some of the major clients include:
- Skylark Mansions Pvt Ltd and its 9 subsidiaries, a construction group in Bangalore having annual
turnover exceeding USD 20 million.
1. Conducting C&AG and statutory audits of various organization clients by reviewing financial documents for accuracy and compliance with laws and regulations.
2. Regularization of accounts of various corporate and non corporate organizations
3. Preparation and Filing of Vat, Service tax and TDS returns.
4. Preparation of periodical forecasted balance sheet and profit and loss account of various companies
5. Advising companies for tax management and Accounting.
6. Conducting internal Audit of the corporates for ensuring the effectiveness and efficiency of the internal controls.
7.Preparation of reports and case response statements for assessments and appeals of Income Tax, Vat and Service Tax disputes for various clients
8.Computation and filling of corporate tax returns and advising corporates and individuals for tax management.
Qualified CMA (USA)
IFRS Certification
Qualified Chartered Accountant (CA)