Group Controller(Finance)
Altrad Group
Total des années d'expérience :13 years, 5 Mois
Finance Manager - Middle East Region Jun 2022 - Present
• Coordinated with stakeholders and business leaders to devise and implement financial and operational strategies for resource allocation, optimization, and cost reduction
• Solely responsible for Budgetary control of Equipment Branch of UK, Belgium and Netherlands entities with revenue over 50m Euros.
• Conducted proactive networking and exchange of best practices with other members of the Finance team in the region.
• Prepared monthly group financial reporting, including PL, cash flow, and ad hoc reports for annual revenue over 60m Euros
• Managed payment preparation and intercompany invoicing, as well as invoicing and validation and payment of vendor invoices
• Conducted variance analysis and brainstormed ways to cut down costs
• Managed Free Cash Flow of the entities within scope and analysed the target shortcomings against budget
• Managed central controlling tasks and calculations of royalty and Intellectual Property fees allocation to subsidiaries
• Calculated impairment of assets and goodwill at year-end for audit purposes
• Negotiated annual budgets with the subsidiaries on behalf of the holding company to maximize the shareholder returns
• Managed and analyzed KPI variance and highlighted red zone (non-performing) entities with a robust plan to restructure them
• Undertaken inventory management for UK based subsidiaries that were trapped in over-stock positions.
a) Accounting, Handling, and monitoring the VAT procedures daily in Quickbooks.
b) Managing the purchase orders
c) Depreciation and Fixed Asset register
d) Calculation of WIP
e) Bank reconciliations and budget control
f) Accruals and prepayment ledger management
g) Financial reporting at the end of every month
h) CAPEX and OPEX transaction handling and classification
• Led and managed a team of two members, providing strategic consultation, guidance, and support on financial and business issues.
• Instituted a robust process for VAT refunds and ensured correct availment of VAT input credits, resulting in timely discharge of liabilities
• Analyzed revenue performance and trends, incorporating product initiatives, risk factors, and other business impacts into the operating plan
• Liaising & partnering with Business leads and interacting regularly; understanding & discussing companys performance, growth initiatives and activities undertaken to achieve the same
• Coordinating with stakeholders & Business Leaders to devise & implement financial & operational strategies pertaining resource allocation & optimization and cost reduction
• Working & managing Depreciation and Fixed Asset register
• Managed the calculation and accounting of WIP, supervised asset retirement obligation for leased facilities, and evaluated the overall balance sheet on monthly, quarterly and year-to-date basis
• Reviewing the estimates on a quarterly basis and propose the adjustments to the existing provisions
• Coordinated with stakeholders to ensure compliance with tax regulations, including VAT procedures
• Led year-end audit queries and provided assistance to Big-4 auditors by delivering required details and supporting documentation
• Calculated payroll and accounted for year-end employee benefits
Overlooking the VAT and Auditing matters of the company and leading a team of highly qualified professionals
• Led and examined VAT procedures for clients and ensured complete control over VAT returns filed by the team
• Managed works related to business valuations and turnover certification
• Organized and conducted audits for clients up to finalization and consolidation
Budgeting and analysis of the variances and reporting to the HQ in the UK. Monthly reports and adhoc reports preparation and giving the accruals and prepayments of the future expected transactions.
• Analyzed actual and budgeted variances to identify discrepancies and recommend corrective actions.
• Managed accruals and prepayments of expenses based on estimates to ensure accuracy in Financial Reporting
• Managed budgeting, management reporting, and analysis to provide insights for decision-making
• Amortized prepaids based on period of service for expenses to ensure accuracy in financial statements
• Ensured accuracy in nominal ledger transactions through careful scrutiny of all nominal account codes
• Achieved Best Employee of the Month award within just three months of joining
Handling Account Payables and General accounting from the beginning to finalization. Hands-on experience in using ERP software (Sage ERP).
a) Income Tax matters and Tax Audits
b) Service Tax Matters
c) Concurrent Bank Audit
d) Audit of both manufacturing and trading sector enterprises.
e) Auditing of Hotel Industry.
f) Auditing of Electronic Trading concern.
g) Statutory and Internal Audits.
h) Accounting and Finalization of the same.
Indian Chartered Accountant