Finance Specialist
Averda International
Total years of experience :16 years, 2 Months
* Review and manage financial transaction.
* Accounts Receivable & Accounts Payable management to fulfill daily and future cash flow requirement.
* Preparation of MIS reports.
* Identifying and provide justification for variances as compare to budget.
* Preparation of financial statements as per IFRS.
* Supervision of accounts team.
* Preparation of financial documentation and reports to support business financial goals and objective.
* Preparation and submission of responses to requests and requirements of auditors, regulators and investors.
* Monitoring budget and revenue trends, compiling reports for company leadership to help in decision-making.
* Contacted customers to immediately find resolutions for escalated issues.
* Suggesting management for savings and budget achievement.
* Support group finance projects.
* Manage tax returns and reconciliations on quarterly basis.
* Govern risk management process.
* Monthly preparation of business unit wise MIS and providing explanation for variances as compare to budget.
* Monitor the general ledger transactions to ensure proper accounting of provision, accruals and
prepayments in order to present true and accurate financial position of the company.
* Monthly VAT and excise tax working and submission to authorities.
* Monthly rebates & rentals calculation verification.
* Verification of staff payroll prepared by HR.
* Monthly calculation of provision for gratuity and airfare.
* Preparation of department wise opex report and verifying transactions are allocated correctly to
concern departments.
* Preparation of adhoc reports as per demand of management.
* Checking and verifying supplier reconciliation for payment processing.
* Be part of different projects with respect to Tax (VAT & Excise) treatment and Oracle implementation setup.
* Budget preparation for People cost and opex.
* Preparation of staff incentive for different department as per company policy.
* Ensuring that all intercompany transactions are recorded properly.
* Ensuring that all the tax related accounts are reconciled regularly.
* Ensuring that respective module and GL control accounts are reconciled on monthly basis.
* Responsible for internal and external audit execution.
* Coordinate with all finance team to ensure that balance sheet reconciliation is done on timely basis
and properly filed for CFO review.
Previous Task:
* Costing for new items and for export to see the margins, which help management to take better
decision.
* Prepare the landed cost variance analysis and reconcile on monthly basis.
* Standard cost variance (PPV, MUV) analysis and release the period portion to income statement to
reflect the actual cost of goods sold.
Achievement:
* Successfully implemented excise tax on juices.
* Successfully implemented new company setup in Oracle and migration of data.
* Preparation of daily sales report according to business unit and sales person wise and compare the
same with budget to identify major variance, so that management can take appropriate decision.
* Maintaining provision of rebates for customers as per agreement.
* Critically reviewing all expenses and make sure that all expenses are booked or maintaining necessary
provisions.
* Verification for consignment sales invoices.
* Supervise AR & AP function to ensure we receive our funds timely and similarly pay to our suppliers
in time. So that there will be no interruption in business operation.
* Documents preparation for export sales with the help of operation department & follow-up for
payment for the same.
* Follow-up for advances to supplier.
* Compile data for sales & purchase for VAT filling.
* Maintaining USA & Spain books & provide information to consultant there to meet local legislation.
* Compiling margin report of different region (UAE, KSA, Qatar, Spain and USA) for CFO.
* Assist the management and accounts manager, ensuring that operational areas are managed efficiently
and effectively to insure a low administrative cost and preparing the annual budgets forecasts.
* Intercompany reconciliation of all group companies.
* Coordinating with accounts manager in finalizing monthly & yearly accounts.
* Maintaining prepayment & fixed asset schedule.
* Coordinating with project management team for the capitalization of fixed asset.
* Module reconciliation (AR, AP)
Achievement:
* Successfully implementing USA & Spain books in Epicor (ERP).
* Refine the management reporting to incorporate and evaluate all key performance indicators that
management requires to be able to follow business profitability and its drivers.
* Coordinating with accounts manager in finalization of management accounts and annual audit.
* Provide detailed monthly operating results and analysis of cost per cost centre and analysing main
variances with budget and previous year.
* Anticipate financial problems and recommend action plans.
* Assist accounts manager in the implementation of Group internal control procedures in order to verify
the integrity of all financial information, ensure and maintain historical records.
* Critically reviewing expenses that these should be on target with projections and that the company
operates within budget parameters.
* Develop and interpret of statistical and accounting information in order to appraise operating results
in terms of profitability, performance against budget, and other matters bearing on the operating
effectiveness of the company.
* Oversee, compile and analyse daily operations and financial information of the finance department.
* Liaise with internal and external auditors ensuring audits are handled effectively.
* Processing payroll after reconciliation with respect to head account.
* Sales analysis with respect to product, region and customer wise.
* Fixed assets capitalization, depreciation calculation and ensuring CAPEX policy is being followed in
recording.
* Matching of GRN & booking of service invoices in ERP.
* Payment process of suppliers through cheque & online after reconciling their SOA.
* Reconciliation & preparation of reports that support all elements in Balance Sheet.
Achievement:
* Successfully implemented the “Fixed Asset” module.
* In
* Developing reports for top management summarizing the business financial position in areas of
income, expenses, capital usage and cash flows.
* Ensures that monthly closing of books is delivered on time without major adjustment.
* Supervising accounts, costing and warehouse team and responsible for periodical reporting of
financial performance, financial position and cash flows of the company to the management.
* Preparation of inventory reports for bank authorities to take facility.
* Liaison with external auditor for finalization of annual financial statements to be submitted to
company shareholders.
* Inventory Control - monitoring import purchases, verification of goods issues to various shops,
physical verification of stock with the help of internal auditor etc.
* Calculating and uploading of sales tax to be paid to Government authorities on their website and
managing proper documentation for future reference.
* Calculating withholding tax detail of suppliers.
* Ensured accuracy of all the daily transactions posted in the system.
* Monitored daily bank balances through internet banking and prepared daily bank reconciliation.
* Weekly review of report for sale, purchase, receivable and closing stock for wholesale division.
* Reviewing comparison of sales with budget and identify the major difference with the help of sales
manager.
* Sales analysis with respect to product category, shop & profit.
* Monthly customer account reconciliation.
* Module reconciliation.
* Follow-up of advances to employees for expenses
Achievements:
* Successfully implemented ERP i.e. Microsoft AX-2012 version.
* Reconciled module with TB balances.
* Maintaining the sales, purchase, inventory & finished goods record for sales tax computation.
* Monitor inventory level to order adequate quantity for future orders.
* Verification of sales invoices.
* Calculating sales tax on monthly basis.
* Import LC opening, negotiation & documentation.
* Posting of voucher like bank payment, bank receipt, depreciation, prepayments in software.
* Physical stock verification on monthly basis.
* Assisting
* Follow up of customer outstanding invoices.
* Processing payments for supplier.
* Generating sales invoices for customers.
* Preparing P&L & Balance Sheet.
* Maintaining customer files and follow up for payments
* Preparing cost details with respect to projects.
* Preparing and maintaining files for land owners.
* Preparing bank reconciliation & outstanding balances detail against each file.
* Monthly & annual withholding tax working.
* Salary disbursement to labor.
* Voucher making & posting in system.
Public Finance Accountant