Assistant Finance Manager
Etihad National Travel & Tourism
Total des années d'expérience :18 years, 3 Mois
Budgeting and control
Direct the preparation and presentation of the annual budgeting process and review in accord with the Group policy, guidelines and schedules
Interface with project team during the preparation, endorsement, approval and administration of CAPEX, OPEX Budgets & AFE’s and attend meetings with Budget Holders and Finance to defend the budget submission.
Develop the Authorization for Expenditures (AFE) from initiation up to final approval, as well as the resolution and finalization of all AFE related issues with Finance
Identify and monitor potential business risk and deliver recommendations
Oversee the implementation and compliance with the Annual Budget Preparation Guidelines issued by Finance and Planning Directorates, the development of the Annual and Supplementary Budget Submissions from initiation up to final approval, as well as resolution and finalization of all cost budget related issues with Finance.
Credit Control
Maintain compliance to Credit Policy and Credit Control processes, achieve the monthly cash-collection targets set, ensure that appropriate communication and telephone contact is made at the earliest possible stage on overdue customers, in accordance with the Credit Control timetable,
Identifying change in payment patterns and propose action to avert indebtedness, manipulating data on excel and running age debt reports.
Ensure timely collection and accounting of payments from Customers, check Statement of Accounts, Reminder Letters for 100% accuracy and appropriateness before sending to customers.
Preparing monthly Analysis of debtor for internal management purpose.
Preparing periodic MIS/KPI, Accounts Receivable and collection performance reports and reconcile AR control accounts in the Balance Sheet for debtors and updation.
Accounts Payable
Processing refunds within the sub-delegated authority/documentation and facilitate refund process for beyond authority levels
Negotiating with airlines authorize personal for any dispute regarding ADM (Agent debit Memo) and ACM (Agent Credit memo).
Reconciling bank statement and clearing BSP (Billing and Settlement plan) payment and report any discrepancies to Chief accountant.
Financial Control
Reviews, investigates and corrects errors and inconsistencies in financial entries, documents and reports
Manage bank relationships daily and maintain up to date documentation for all treasury activities.
Production of statutory accounts, balance sheet reconciliations, P&L and Cash Flow Statement.
Monitor Compliance with International Financial Reporting Standard principle (IFRS) and Company procedure.
Validating of Sales document pack /LPO and credit approval or clear funds and authorize final release of the E-tickets or holiday packages for credit customers.
Prepared data, analyses, and variance explanations and coordinated with the sales and marketing departments with required reporting.
Ensures reports/documents are forwarded to auditors and maintains applicable documentation
Apply sharp organization, analytical and multitasking abilities toward managing accounts payable, general ledger transactions, accounts receivable, daily invoicing, cash posting, and multiple account reconciliations.
Demonstrate dynamic leadership skills in training and directing team members
Prepare bank reconciliation, revenue and expenditure variance analysis, capital asset accounting, year-end closing entries and audit schedules
Facilitate sales order process from initial bank receipt, confirmation and updating through timely delivery
Efficiently managed payables and receivables including reconciliations, payroll and general ledger functions.
Responsible for bank receipt confirmation of customers ticket balance and authorize manager to issue the ticket.
Manage staff daily workload, coordinate and review staff work
Handle two main bank account of company in UK (HSBC & Barclays), follow up and resolve queries with banks
Complying with the requirements from Corporate Laws, Tax Laws, Auditors, Consultants, Banks and Government Authorities
Accomplishes accounting human resource objectives by recruiting, selecting, orienting, training, assigning, scheduling, coaching, counselling, and disciplining employees; communicating job expectations; planning, monitoring, appraising, and reviewing job contributions; planning and reviewing compensation actions; enforcing policies and procedures.
Maintains accounting controls by establishing a chart of accounts; defining accounting policies and procedures
related to maintenance of the General Ledger ensuring its accuracy and completeness, for the assigned entities within the group. Oversee management of Fixed Asset Accounts as well as participate in any other task assigned by the accounts manager.
Assist in preparing VAT Returns (HMRC UK) and Corporate reporting Requirement
Prepare Commission Reports; analysing and correcting discrepancies.
Evaluates and recommends improvements to all accounting processes and controls, in accordance with company internal control procedures
Follow-up with clients having outstanding due receipts on a regular basis and send out payment reminders as and when required to reduce the account receivable turnover days
Reconcile the books of accounts fortnights with the other parties in the contract
Dealing with supplier inquiries, reconciling monthly check reports / Supplier statements and issue of payments.
Within Credit Control, working with customers (In both UK and Europe) to control payment terms and solve invoice queries
To support Accounts Manager in ensuring that inter-company cost allocations are in line with management agreements and transfer pricing policy
Planned, coordinated, and performed diverse trading functions in various sectors. Key member of an elite trading
Team that generated more than Rs45 million in annual commissions. Used firm’s research and sophisticated trading
Methods to identify and capitalize on market opportunities.
Traded and Manage commodities portfolio listed in KSE & LSE, totalling over Rs10 Billion worth over the past 2 years which includes energy metals and agricultural.
Researched small and mid-cap companies, including stock performance and earning reports; recruited, trained and supervised junior traders.
Traded Karachi Stock exchange listed equities with a focus on short term profits; among the top 5 most profitable traders in the firm and generated a 200 percent annual return on capital
Conducted evaluations of daily executions and performance
Contributed to the firm’s profitable growth by developing and maintaining strong, long-term alliances with sales Traders; leveraged extensive personal network of contacts to maximize order flow and commission revenue
Analysed market trends, conditions, and developments to formulate effective and profitable trading strategies; minimized risk through careful management of positions
Achieved optimal trade execution by establishing strong relationships with floor brokers; facilitated the flow of Information to and from the trading floor by maintaining open lines of communication with all personnel.
Leveraged extensive personal network of contacts to maximize order flow and commission revenue.
Built a reputation for conducting business with the highest ethical standards and respect for client financial interests
UAECA
Financial Market
Project to be submitted for completion.
• Audit and Assurance • Corporate Reporting Under IFRS & IAS • Advanced Financial Management • Advanced Performance Management • Business Analysis • Corporate and Business Law • Taxation
Cost Accounting Economics Money, Bank and Finance Statistics Advance Accounting Business Law
