Finance Manager
AVERDA
Total years of experience :16 years, 2 Months
Achievements:
-Improved P&L and split it by project which led to improved profitability as some projects were diluted by others
-Decreased closing from 12 days to 5 days by eliminating some tasks or delaying them and by squeezing the other teams to deliver earlier.
-Created a cross functional collaborations between the teams
-Cleaned up all P&Ls from historical issues / Errors
-Improved DSO by 30 days by effectively working with Sales/collection
Reporting to the GCC Finance Manager and managing 3 entities in UAE.
Leading a team of 3 including 1 Team leader and 2 accountants
Proven track record of satisfactory internal audit for 2 consecutive years
Managing monthly reporting of actuals and ad-hoc analysis
Preparing and reconciling P&Ls on a monthly basis
Setting and updating fiscal targets and budgets
Responsible for Overhead budget planning and reporting
Leading all communication on financial analysis with top management
Leading the budget process with Sales and management team
Analyzing financial records and reports and make adjustments as needed
Leading the financial support for cost saving projects
Effectively managing the working capital components of the Group - in particular AR, cash, AP and taxes.
Handling the implementation of VAT in UAE and reporting VAT
Strengthening the collaboration with key stakeholders in the company
Meeting and exceeding the Key process indicators and Service Level Agreements assigned for the team
Reporting to the CFO and indirectly managing team of 4 accountants
Handling 3 countries: Oman, UAE, KSA
Reviewing and Approving all month end reconciliations and control accounts.
Preparing timely and accurate monthly management accounts
Preparing and reconciling P&Ls on a monthly basis
Responsible for general ledger account analysis and reconciliations so that the financials are recorded & reported accurately to management and external stakeholders
Analyzing financial records and reports and make adjustments as needed
Production of Quarterly, Interim and Annual Reports for shareholders, alongside any associated presentations and other documentation.
Leading the provision of financial support for cost savings/rationalizations
Effectively managing the working capital components of the Group - in particular AR, cash, AP and taxes.
Handling periodical closing of accounts, balance sheet reconciliations and intercompany reconciliations.
• Reporting to the Finance Manager and managing a team of 3 Accountants.
• Responsible for the generation of monthly Management Accounts and monthly ad-hoc management reports: P&L variance and variation, Balance sheet, Cash Flow, profitability analysis by business unit…
• Handle periodical closing of accounts, balance sheet reconciliations and intercompany reconciliations.
• Manage the daily cash processes and bank deposits, prepare daily cash reports and daily cash position.
• Monitor revenue per Sales business unit on a daily, weekly and monthly basis.
• Reporting to the Finance & Accounting Manager and managing a team of 3 Accountants..
• Assist the Finance Manager in the generation of Financial Statements (regional and consolidated) and the yearly audit of Accounts.
• Responsible for the generation of monthly Management Accounts and monthly ad-hoc management reports: P&L variance and variation, profitability analysis by business unit…
• Handle periodical closing of accounts, balance sheet reconciliations and intercompany reconciliations.
• Manage the daily cash processes and bank deposits, prepare daily cash reports and daily cash position.
• Monitor revenue per Sales business unit on a daily, weekly and monthly basis.
• Review the debtors and creditors aging and manage the payment cycles and debtors collections.
• Participate in the preparation of the yearly budget (regional and consolidated) and yearly cash flow forecast.
• Maintain a 3 months rolling cash flow forecast, monitoring the overdraft and cash availability in different bank accounts and advice the Management of any anticipated cash tension.
• Prepare monthly reconciliations (supplier's statements, payroll, income taxes, intercompany expenses & adjustments, NSSF, shareholders Profit sharing, & P&L …)
• Lead Quarterly & Annual VAT, social security and income tax filing.
• Maintain and improve systems of internal control including implementing standard policies and procedures.
• Prepare menu costing and pricing.
Reporting to the Financial Controller, I had the chance to handle different roles within the Finance department (GL Accountant, AP and inventory control and Treasury Accountant) which gave me a wide accounting experience.
• Timely and accurate posting, balancing and reconciliation of the general ledger.
• Ensure all suppliers are set up in the accounting system and are kept up to date
• Posting of vendor invoices.
• Reconcile vendor statements on a monthly basis, research and correct discrepancies.
• Review all invoices for appropriate documentation and approval prior to payment.
• Prepare payroll and review employee expense report.
• Reconcile the sub-ledgers with the GL accounts.
• Generate periodical payment run.
• Initiate and post manual and online payments.
• Generate and book intercompany invoices: internal sale, management fees and recharges.
• Post entries to the Inventory Module: goods received, goods consumed and monthly stock take variance analysis.
• Bank reconciliations and petty cash reconciliation.
• Maintain schedule of fixed assets, depreciation, prepaid expenses, accruals, provisions and deferrals and other accounting schedules.
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