Finance & Operations Manager
Avantgarde Inc FZCO
Total des années d'expérience :14 years, 9 Mois
Reporting to: CEO
Reports to me: 3 Branch Finance Managers, 2 Administrative managers
Key Achievements:
• Lead implementation of new ERP system for Dubai, Kenya, Uganda and Indian office which helped in:
o centralizing financial record keeping & real time monitoring of accounting work
o setting monthly MIS reports for management decision making
o effective stock management by eliminating stock pilferage & selling off non-moving stock
o With effective stock control and timely information, overall GP margin was improved from average of 25.16% (2018) to 42.21% (2020)
• Successfully lead ISO audit to achieve conformity in receiving ISO 9001:2015 certification
• Successfully raised AED 2.5 million as working capital finance in Yr. 2019 from NBFI
• Setting up SOPs to set finance & HR policies across each office function
Responsibilities: (Financial Management, Planning & Analysis, Operations Management, Risk Management)
• Lead and monitor entire finance, accounting, and operational function for offices in Dubai, East African and Indian office
• Develop, maintain, and monitor all accounting systems and procedures, recommend, and implement improvements to systems
• Monthly Reports: Prepare monthly consolidated MIS report, monthly sales review meeting, quarterly risk management report relating to operations and internal audit report for all offices
• Treasury functions: Manage bank accounts to ensure sufficient liquid funds whilst investing surplus cash. Monitoring working capital, arranging trade finance documentation like Export LCs, Bank Guarantee
• Risk Management: Overseeing organizational insurance policies, complying with DAFZA regulations, handling legal issues relating to supplier non-exclusive agreements, compliance with import and export of DG goods
• Operational effectives: Oversee management of all operational functions, responsible for HR-increasing efficiency and effectiveness, Oversee IT and premises, drive initiatives in management team to contribute to operational excellence
• Day to day transaction processing: Posting invoices, bills, journal entries, reconciliations, manage payroll
• Handling Audits: Annual ISO audit, Annual Accounts audits, conducting internal audit for offices in Africa
• Review meetings: Monthly sales meeting, finance review meeting and country director meeting
Exclusive automobile dealers for Mitsubishi, Bentley, Mc-laren, Bugatti, Fuso, JAC and Chery in UAE and other GCC countries
Reporting to: Senior Accounts Manager & Director-Treasury
Achievement:
• Assisted Audit department in preparing procurement policies which helped in putting controls in purchases made from each department across all branches
• Assisting in VAT implementation, designing activity plan, testing and presenting on VAT implications
• Won Best employee of the month award for Jan 2016, May 2017, Feb 2018
Responsibilities: (Day to day financial accounting & reporting, LPO preparation, Insurance, VAT, Credit reports for Customers, Vehicle Clearance & lien review)
• Assisting Senior Accounts Manager in finalizing monthly financial reports for UAE/Saudi operations
• Review branch revenue collections, cheque returns and reporting any discrepancies on a timely manner, Handling insurance (employee medical, marine, office, workmen compensation, motor insurance, contractor all risk), credit reports for customers and co-ordinate with Debt collectors, insurance policies for company, reviewing lien on vehicles sold, assisting payroll department in giving clearances, preparing LPOs for high value purchases, reviewing bank reconciliation, assist management in preparing planning reports, giving power-point presentation and ad hoc enquiries
Reporting to: Managing Director
Key Achievements: Promoted to Finance Manager after managing company accounts along with university studies and went on to achieve below tasks:
✓ Managed a VAT tax inspection raid and overturned a tax liability to refund position which saved over GBP 500k.
✓ Implementing full-fledged Accounting ERP (migrating from Sage to Xero) in 2012
✓ Streamlined bank reconciliation and developed monthly performance reporting system for Directors
✓ Review of existing policies and procedures, creating new SOPs in line with IFRS and relevant standards
✓ Implemented Recipe Costing model to identify profit/loss made on each recipe. Improved gross margin from 25% to 55%
Responsibilities: (Finalization of Accounts, Cost Control, framing SOP, negotiating with suppliers, monitoring delivery lead time for motor fleet, handling audits, VAT filing)
• Manage, co-ordinate and execute full spectrum of accounting up to finalization
• Maintain up-to date systems, policies and procedures to ensure books of accounts maintained properly
• Liaising with Internal, external Auditors, suppliers, HMRC-VAT inspectors and banking officials
Reporting to: Team Lead
Responsibilities: (Financial Analysis and Credit Risk Evaluation for Emerging markets region)
• Successfully performed credit risk assessment for customer’s (large corporates and banks) in EMEA
• Developing cash flow forecasts and 10-yr projections including detailed modelling and sensitivity analysis
• Presenting the credit risk rating report to EMEA team after considering different types of risks
• Liaise with various departments including credit ops, legal and on-site credit officers to finalise risk rating
• Attend to specific projects or jobs assigned by team head from time to time
Modules include: Strategic financial Analysis, Advanced Accounting, Corporate Financial Analysis, Financial Management, International Business and Operations Management, Strategic Business Analysis Achievements: Organised events for Post graduate students and was given University shield for overall performance
- Subjects: Accounting, Organisation of Commerce, Auditing, Financial Management, Business Analysis - Achievements: Member of Literary circle and won 1st prize for an Inter-Collegiate competition in Essay writing
