Finance Manager
Black Spoon Management & Consultancy
Total years of experience :14 years, 4 Months
Highlights
Implementation of front-end POS by coordinating with operations and IT.
Implementation of Microsoft Dynamics 365 ERP and integration with POS. Completed the project and GO-Live across all restaurants within 8 months.
Developed Policy & Procedures for F&B business at Accounting, Finance & operations level.
Restructured the Accounting and Finance department and employed trained and qualified team members to achieve complete and efficient reporting.
Responsibilities
Preparing annual operating budget and Business Plan.
Review of support functions (Procurement, HR, IT & Marketing) to ensure delivery of annual operating budgets and business targets.
Feasibility analysis for new business opportunities through multiple analysis tools and validation of all revenue and cost assumptions.
Capital Investment evaluation to support strategic initiatives.
Managing Cash flow & Working Capital to maintain liquidity into business across all brands.
Managing financial accounting function and reviewing trial balances 360 degrees with KPIs, including accounts payable, accounts receivable, intercompany, work in progress, prepayments, accruals and provisions, and inter-system reconciliations.
Conducting a monthly performance analysis against Budget and last year and presented the key highlights to the CFO. This included analysis of Sales/Contribution variances, fixed costs movement, Capex Spends, Capital Employed etc.
Produced multiple dynamic dashboards, developed using advanced excel functionality such as Power Query/Power Pivot.
Explored opportunities for improvement in existing processes, implemented tight process controls, documented SOPs, and cascaded such process controls across all brands.
Provides administrative support to management with reference to policy enforcement, business advice and operational assistance.
As a strategic investor in new industries and markets.
Head the Portfolio of FMCG Companies.
Responsible for overseeing the General Accounting and Financial Reporting functions and the financial services area including Cash, Banks, Inventory, Procurement, A/R, and A/P.
Responsible for developing and maintaining accounting principles, practices, and procedures to ensure accurate and timely financial statements.
Prepared the monthly management accounts and annual accounts and managed the internal and external reviews for these documents.
Prepared short and long-term financial forecasts/Budgets and analyzed the financial performance through variance analysis for use with internal management and external parties.
Prepared feasibility studies and analyses for potential investment opportunities.
Coordinates work relating to both internal and external audits in the periodic review of the company's financial records. Is further responsible for the implementation of agreed-upon recommendations, related to areas of responsibility, resulting from the audit findings.
Provided cost analysis and developed pricing strategies for current and new products
Highly Innovative F&B, Restaurant and Retail Concept Developer and Operator
Highlights
•Implemented and managing VAT Group Structure.
•Setup an accounting department, hired relevant personnel and moved on to develop and implement accounting policies and procedures of the U-Republic.
•Developed and monitored a $6m annual Operational budget for 2016 & 2017.
•A 54%-time reduction in the process of monthly cash and bank entries and bank reconciliation process by removing duplications and system integration
•Implemented technology (SharePoint Portal) and processes to facilitate monthly reporting that decreased reporting cycle by over 40%.
Responsibilities
•Reporting directly to CFO, handling all structured and on demand reports of regional offices and franchises.
•Preparing the monthly management accounts and annual accounts and managing the internal and external review for these documents.
•Preparing short and long-term financial forecasts of financial performance for use with internal management and external parties
•Actively contributing with business development department in defining and implementing sales strategies.
•Developing business plans and models to forecast expected performance. And performing analysis of implemented strategies.
•Oversee and managing the cash management function, including banking relationships like (Emirates NBD, ADCB, Noor Bank)
•Managing and supporting monthly and year end closing process, including reconciliations and analysis of related accounts.
•Developed and maintained the integrity of the financial reporting process and financial controls.
•Coordinate, develop and update written policies and procedures over the financial reporting process.
•Coordinate the Company's annual audit and other assurance activities with the independent auditors.
•Administering training sessions to educate and familiarize staff with new and improved policies, internal controls, and targets.
•Managing communications with external auditors on external financial statements and accounting issues to ensure auditor agreement with company decisions on accounting disclosures, and issues.
•Participate in other projects as required
Professional cargo clearing, cargo transportation and custom brokerage services provider since 1994.
Highlights
•Arranged AED 5.0 million finance, to meet financial requirements of AL Areesh.
•Managed and arranged financial guaranties of AED 13.0 million from Bank and Dubai Customs.
•Reduce expenses of Custom papers by 22.3%, by applying internal control in purchase and inventory system of all branches.
•Reduce 38% error in accounting record by conducting Training sessions in all branches every month to achieve error free accounting.
Responsibilities
•Managed and oversee the daily operations of the accounting department
•Monitored and analyzed accounting data and produce financial Statements and reports.
•Confirmed financial status by monitoring revenue and expenses, coordinating the collection from all branches of Al Areesh Cargo Clearing & GLT
•Consolidation and evaluation of financial data, prepared special reports for Banks, creditors and for investors.
•Maintained accounting controls by establishing a chart of accounts, defining accounting policies and procedures.
•Meets accounting & financial objectives by forecasting requirements, preparing an annual budget, scheduling expenditures, analyzing variances and initiating corrective actions.
•Analyzed and interpreted financial information that corporate executives need to make sound business decisions.
•Guides other departments by researching and interpreting accounting policy, applying observations and recommendations to operational issues.
•Coordinated and completed external annual audits
•Accomplished accounting and organization mission by completing related results as needed.
Provider of high class Clinical Laboratory, Radiology, Wellness, and Consultancy services.
Highlights
•Initiated an income and expense flux analysis for the first working day of the month that provides for early identification and correction of posting errors. Efforts contributed to accelerating the month-end close to the tenth calendar day of every month.
•Receivables follow up and decreased the receivable days from 45 days to 30 days with effective communication with major clients (Insurance Providers), resulting 33% improvement in operating cash flows.
Responsibilities
•Developed, implemented and maintained general accounting systems and controls, supervised and participated in the review and analysis of accounting records
•Assisted in the preparation of detailed financial plans for Al- Razi Health Care by analyzing and evaluating statistical and financial data and prepared budgets, projected patient levels, proposed staffing requirements and projected operating costs.
•Defined the accounting requirements for Al- Razi Health Care for incorporation into the patient accounting system, fiscal and statistical information system and other medical center and Laboratories accounting systems.
•Analyzed data and proposed methods for tracking and reporting financial information to various external agencies.
•Prepared financial reports including cost reimbursement plans for MediCare, Adamjee and other insurance providers, and prepared reports of Al- Razi Health Care Enterprise Fund activities to meet Country requirements
•Planned, assigned, and reviewed the work of subordinate accountants and clerical personnel, trained and evaluates personnel performance.
•Performed bank account transfers as directed by CFO and Controller
•Prepared and published monthly financial statements including Statement of Financial Position, Statement of Revenue and Expenses, and Statement of Cash Flow.
•Acts as Hospital liaison for audits.
Professional Assurance, Tax Consultancy, Advisory and Accounting services provider.
Highlights
Banking correspondence and listing in many national banks by meeting with Relationship managers and officers, resulting increase in customer base by 12.3%.
Representation on behalf of firm in many seminars and meetings.
Promoted from Trainee to Accounts and Audit Officer within 3 months.
Responsibilities
Planned, performed and supervised audit and consulting assignments for a variety of public and private sector organizations;
Preparing financial statements for external reporting purposes in the light of the relevant reporting framework and ensuring compliance with all IAS, IFRS and ISAs and code of ethics.
Accounting services including preparation of financial records and books of account using Peachtree and other customized accounting software;
Advising clients with respect to their statutory obligations.
Assisting in the development and implementation of accounting and internal control systems;
Finalization of audit and drafting audit reports and audit opinions;
Represent clients in hearings in front of different authorities for various issues.
Guidance / consultancy to clients in corporate matters including registration of companies;
Registration and filing of sales tax and income tax returns;
Gained noteworthy exposure and expertise in report writing and business communication skills that included drafting of a variety of reports like management letters containing control weaknesses, audit reports and communications with clients;
Book-keeping and maintenance of accounting functions.
