Finance Manager
Cornerstone Ventures
Total des années d'expérience :14 years, 11 Mois
• Assisting in preparation of financial statements on monthly and annual basis.
• Record, analyze & process Sub-contractors invoices.
• Preparation of project wise variance analysis report for higher management review.
• Maintaining a monitoring sheet for Procurement Award Approval Sheet (PAAS) and matching sub-contracts awarded, with PAAS.
• Preparing month end reports of Accounts Payable, Advances to suppliers and retention from suppliers.
• Preparing ageing analysis of accounts payable and issuing recommendations for releasing payments on priority basis.
• Assisting the treasury department for the maintenance of LC, Advance Payment Guarantee, and Performance Guarantee Bond.
Assisting in submitting Zakat & Tax returns (data collection level) for the whole group.
• Coordination with external Auditors (data collection level).
Achievements:
• Along with own duties and responsibilities I was able to clear a backlog belonging to procurement department worth SAR, 1.67 Billion.
• Arranging ERP training sessions for existing and new employees and working as a team leader.
• Upon coordination with in-house ERP team I’ve successfully developed the following report.
• Org. Level Balance report (Giving the detail of Un-paid, retention, advances, APG, PGB per supplier per building).
• Supplier Schedule, (for one particular supplier, this report gives all contracts gross booking against these contracts, advances and retention values, net payable, payments, advance balance and contract balance).
Accounting, Finance & Administration:
• Re-prepare the previously prepared financial statements to reflect the laws and guidance given by IAS1(Preparation of Financial Statements)
• Cost analysis of company various operations
• Raising sales invoices and conducting client satisfaction survey
• Performing accounts payable functions for operating expenses
• Ensure compliance with accounting deadlines
• Maintaining up-to-date confidential contract files for clients and employees
• Maintaining Fixed Assets Register and making depreciation policy for company owned assets
• Managing payroll function of the employees
• Calculating the breakeven point for each service provided and for the whole company
Financial Analysis:
• Managing risks faced by the company and sometime procedures are devised to manage risk for our clients
• Preparing budgets, forecasts for company and clients and prepared investigation report for the variances with identification of the root-cause
• Conducting feasibility study and business analysis for clients
• Advising company for the best use of funds
• Conducting financial analysis of the financial reports for decision making
ISO-20000:
• Working as management representative for the implementation of ISO 20K
• Studying and preparing the required documents for the acquisition of ISO 20K
• Making policies and distributing roles and responsibilities between staff to reflect the laws of ISO 20K.
Working on different areas of financial statements to ensure its true and fair presentation by assessing the risk of material misstatement Also to ensure the compliance of International Financial Reporting Standards (IFRS), International Accounting Standards (IAS) and International Standards on Auditing (ISA)
• Evaluating the effectiveness of internal controls of the client
•Assist in monitoring the actual performance of the audit team
• Reporting to those charged with governance for any discrepancies in audit or internal control
• Performed Physical count of Inventory and identified slow moving inventory for around 1 million Rs.
• Recording of daily expenses in the general ledger
• Recording financial transaction from double entry up to finalization
• Maintaining, updating and reconciling the accounts payables and accounts receivables accounts
• Maintaining petty cash, Performing Bank Reconciliation Statement.
• Preparation and filing of various management and statutory documents
• Monitoring of compliance with laws and regulations
• Involved in training of new joined Internship student in accounts department and was working as a group leader of a team of 3 internship students.
• Advanced Accounting and financial reporting including in-depth knowledge and application of International Financial Reporting Standards (IFRS) • Advanced Auditing including in-depth knowledge of International Standards on Auditing (ISAs) • Advanced level studies of Cost and Management Accounting, Planning and control • Advance level studies of Income Tax Law, Corporation Tax and its practical application in U.
Faculty of Science (Equivalent to 'A' Level)
Matriculation (Equivalent to 'O' Level)
