Group Finance Manager
Atar Holding Company
Total years of experience :17 years, 1 Months
Currently working in Atar Holding Company which is a world-class institutional investor focused on the promotion of business and engaged in sectors including healthcare, education, F&B, energy, agriculture, manufacturing, hospitality, IT, and entertainment. Also, partner with businesses and provide the resources, expertise, and international relationships to help them scale their operations in a way that addresses local and global demands.
• Preparation of monthly management reports and submission to the group.
• Preparation of financial statements in accordance with applicable statutes.
• Ensuring compliance with local laws including taxation, labour laws.
• Preparing, updating and monitoring budgets.
• Maintenance of book / general ledgers.
• Liaison with statutory auditors, tax advisors and bankers.
• Supervision of finance department and maintenance of records in presentable form in Arabic and English.
• Review of monthly bank reconciliations and monthly schedules.
• Follow up with customers for recovery of receivables.
• Management of cash and ensure timely payments to suppliers and employees.
During the tenure with Aldar Audit Bureau, a member firm of Grant Thornton International Deloitte, I worked at various levels and got flavour of different departments including Audit, taxation services and Advisory services.
• Discuss and agree Audit programs with key senior internal stakeholders based on the risk assessment.
• Develop annual audit plan in line with Audit Methodology and determine skills of auditors required to support the audit plan.
• Understand the entity and its environment including identification of risk of material misstatement.
• Prepared draft financial statements for discussions with manager, partner, professional standards department and client.
• Preparation of management letter enlisting internal control observations, their implications and the recommendations to rectify the state of affairs.
• Meetings with Audit committees members, management & other stakeholders so as to discuss the financial health of the company and the observations highlighted during the course of the audit.
• Assisting the Management in assimilating the financial budget/plan of the company and providing feedback on the cost effectiveness and streamlining of various processes and procedures.
• Undertaking Variance analysis & Ratio Analysis to assess the efficiency and effectiveness of various functions of the company.
• Carrying out SWOT analysis to bring about departmental efficiencies and incorporate positive synergies into the underlying system.
• Assessing the effectiveness of the Risk Management Function of the organization and recommend improvements in the underlying business model.
• Understanding various Financial & Non Financial Risks being faced by the company and strengthening of the underlying system through application of various techniques such as Sum at risk & Asset Liability management.
• Assisting the management in the improvement & enhancing vitalities of the Treasury function so as to add value to the overall organization.
• Preparation of Tax returns of corporate clients and assisting the management in achieving tax optimization.
• Advising the management in the efficient allocation of capital and assisting in the increase of capital through rights issue in case of deterioration of solvency margin.
• Checking Compliance with capital market authority Listing Rules and other regulatory requirements.
• Carrying out Special Purpose assignments such as verification of related party transactions and authenticity of Financial Reports to the group companies and the regulatory bodies
M.com (Specialization in Finance)