Finance Manager
Dussmann Gulf
مجموع سنوات الخبرة :16 years, 2 أشهر
Key Responsibilities
Financial & Management Accounting, Reporting & Analysis
● Supervise, guide and oversee day to day activities of the finance team and ensure BU’s finance function is organized and efficient and produces accurate financial results from ERP system and ensure month end closing is done on timely basis.
● P&L review to ensure revenue and costs are accounted and necessary accruals are taken properly for each project and overall for each Business Unit.
● Involved in the preparation and circulation of highly confidential and technical Financial Reports (MIS and Financial Statements) and Forecasts on Cash Flows, Net Margins for each project and BUs as a whole. Analyze subsequent variances and identifies trends and opportunities to reduce or control costs for each project and BU.
● Detailed variance analysis of each item of Revenue and Expenses between approved budget and the actuals and previous month for each project and overall for each BU.
● Preparation of Board presentations for the quarterly, half yearly and annual performance review of the BUs.
Treasury Management
● Work on twelve months rolling Cash flow forecast by maintain the balance between payments and receipts, daily monitoring of cash flow, mapping the expected movement of cash in Bank.
● Ensure that the receivables are collected in timely manner for managing the cash flows of the organization and payments to supplier are made as per credit terms.
Project Costing & Controls
● Constant review of cost elements within the existing contracts including renegotiation of contracts with existing subcontractors
● Closely monitor the project’s cost by comparing actual vs budget and taking immediate actions to avoid delays/ excessive out of scope purchases.
● Commercial and financial review of all type of contracts and agreements especially relating to procurement, capital expenditure and related to client in GCC region.
● Maintain regular contact with projects teams to have updated project information in relation to expenditure.
Budgeting
● Initiation, preparation, discussion of the final draft budget to be submitted for management and board’s approval. Working with department heads to ensure budget information has been discussed and agreed with them.
● Ensure budgetary control and compliance with policies and procedures.
Banking and Insurance
● Maintain relationships with banks, arrange for new accounts if required, new facilities on existing accounts, oversee and manage Bank Guarantee.
● Maintain and regularly update projects related insurance as and when required.
Related Parties
● Co-ordinate with internal clients and department heads to ensure that all accounts have been tallied settled and updated on a monthly basis.
Internal & External Auditing
● To ensure completion of Internal as well as external Audit within the agreed time frame by successfully ensuring that all of their queries are resolved.
Taxation and Statutory Compliance
● Ensure that the BUs are fully compliant as to the local taxation (Withholding Tax, Zakat & Income Tax, VAT) and other local statutory requirements.
Bidding & Project Mobilization
● Responsible along with the Business Development team for finalizing the business proposals and participating in tendering and bidding process.
● Responsible along with the operations team for mobilization of staff and specialised subcontractors for the new projects. Ensure all the cost elements are within the approved budget.
TRANSGUARD GROUP LLC (EMIRATES GROUP COMPANY)
Position: Finance Manager - Planning and Analysis
Industry: Integrated Facilities Services
Location: Dubai, UAE.
Reporting to: Group Chief Financial Officer.
Key Responsibilities
Preparation, evaluation and monitoring of Business Plan and Business Strategy for Integrated Facilities Management division.
Spearhead the preparation of monthly management accounts and other MIS reports
Establishing and enhancing Internal Controls within the division.
Prepare business unit variance analysis, explain the reasons for major movements in revenue & expenses between budget, actual and previous month for nearly 100 contracts in UAE.
Review and presentation of Budgets, Forecast and Monthly Cash Flows.
Review financial information with the financial accounting team to facilitate month end closing processes
Co-ordinate with Financial Accounting team to ensure that the monthly management reports are duly analyzed and circulated on time.
Actively involved in reviewing all the pricing information for the new tenders or bids
Positions Held in Company since Jan 2012 till date:
1. Finance Manager - Regional OPCOs (Oct 2014 - Present)
2. Finance Manager - Abu Dhabi (July 2013 - September 2014)
3. Accounting Manager - Jeddah, KSA (January 2012 - June 2013)
Reporting to:Group Chief Financial Officer.
Key Responsibilities
Financial & Management Accounting, Reporting & Analysis
Supervise, guide and oversee day to day activities of the finance teams and ensure BU’s finance function is organized and efficient and produces accurate financial results from ERP system and ensure month end closing is done on timely basis.
P&L review to ensure revenue and costs are accounted and necessary accruals are taken properly for each project and overall for each Business Unit.
Involved in the preparation and circulation of highly confidential and technical Financial Reports (MIS and Financial Statements) and Forecasts on Cash Flows, Net Margins for each project and BUs as a whole. Analyze subsequent variances and identifies trends and opportunities to reduce or control costs for each project and BU.
Detailed variance analysis of each item of Revenue and Expenses between approved budget and the actuals and previous month for each project and overall for each BU.
Preparation of Board presentations for the quarterly, half yearly and annual performance review of the BUs.
Cash Flow Management
Maintain the balance between payments and receipts, daily monitoring of cash flow with monthly projection and plans for collection in order to meet the agreed payment commitments.
Ensure that the receivables are collected in timely manner for managing the cash flows of the organization.
Project Costing & Controls
Closely monitor the project’s cost by comparing actual vs budget and taking immediate actions to avoid delays/ excessive out of scope purchases.
Maintain regular contact with projects teams to have updated project information in relation to expenditure.
Constant review of cost elements within the existing contracts including renegotiation of contracts with existing subcontractors
Commercial and financial review of all type of contracts and agreements especially relating to procurement, capital expenditure and related to client in GCC region.
Budgeting
Prepare the final draft budget to be submitted for management and board’s approval. Working with department heads to ensure budget information has been discussed and agreed with them.
Ensure budgetary control and compliance with policies and procedures. Constant review of cost elements within the existing contracts including renegotiation of existing subcontractors.
Banking and Insurance
Maintain relationships with banks, arrange for new accounts if required, new facilities on existing accounts, oversee and manage Bank Guarantee, LCs.
Maintain and regularly update projects related insurance as and when required.
Related Parties
Co-ordinate with internal clients and department heads to ensure that all accounts have been tallied settled and updated on a monthly basis.
Internal & External Auditing
To ensure completion of Internal as well as external Audit within the agreed time frame by successfully ensuring that all of their queries are resolved.
Taxation and Statutory Compliance
Ensure that the BUs are fully compliant as to the local taxation and other local statutory requirements.
Bidding & Project Mobilization
Responsible along with the Business Development team for finalizing the business proposals and participating in tendering and bidding process.
Responsible along with the operations team for mobilization of staff and specialized subcontractors for the new projects. Ensure all the cost elements are within the approved budget.
Other Tasks
Oversaw Procurement Department of EFS Abu Dhabi & Al Ain regions as well along with Finance.
Headed the Finance Department of EFS Jeddah region.
Any other tasks not listed above, assigned by the management.
Position: Assistant Finance Manager (May 2009 - December 2011)
Key Responsibilities
• Provide leadership and vision to the Accounts Department of nine Team Members.
• Handled the tasks of managing financial accounting of the organization.
• Review and Analysis of Business Plans, Annual Budgets, Procedures & Plans
• Timely presentation of MIS reports with accuracy
• Liaise with Auditors for timely of the Audit
• Hired and trained staff for Finance Department
• Handled the tasks of developing and maintaining Accounting spreadsheets in finance function
• Ensuring compliance with Accounting Standards, local regulations, Group policies and Internal Guidelines
• Follow-up with Sales team in collection of the overdue amounts in time to ensure smooth cash flow
• Monthly Expense Analysis of the Company and reporting the variance
• Work on Special projects from time to time as required by Management
Key Responsibilities
• Looked after the Company’s Qatar Operations (Two Divisions & 50 Parlors).
• Consolidate the Monthly Final Accounts, (including Stock Movement, Goods Valuation, Ratio Analysis, and Variance Analysis and prepare Bank Reconciliation).
• Prepare the Monthly MIS Report.
• Prepare the Monthly Payroll and End of Service Benefit of over 100 Employees.
• Process all the Payments as per the Management’s Approval.
• Process all the Capital Expenditure as per the Management’s approved Budget.
• Preparation of the Annual Budget as per the data given by the Marketing, Sales and the Operations Teams.
• Preparation of Weekly Cash Flow.
• Liaise with the Auditors.
PROFESSIONAL QUALIFICATION CHARTERED ACCOUNTANT Completed CHARTERED ACCOUNTANCY in the exam of CA Final held in November, 2007 from THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA, New Delhi, India. Membership Number of the Institute is 408737.
PGDBA (MBA). Completed POST GRADUATE DIPLOMA IN BUSSINESS ADMINISTRATION (MBA), from Lucknow.