FINANCE MANAGER
Al Reyami Steel Industries
مجموع سنوات الخبرة :29 years, 5 أشهر
• Accounts & Finance functions, MIS and Cost Control. Cash Flow projections, Budgeting, Preparation of Financials. Project monitoring, Critical Path Analysis, Cash and Funds Management, Budget and Quotation approvals, handling clients, Banks and Audit.
• Maintaining a documented system of accounting policies and procedures thereby ensuring the highest standards of financial management reporting.
• Providing commercial insight to the management team through accurate forecasting and budgeting by making use of in-depth financial analysis and supplementary reporting to assist with decision making and problem solving.
• Highlighting potential opportunities for improvement in processes, cost control etc.
• Ensure that expenditure is within approved budget for operational and capital requirements and Pro-actively bring to management’s attention areas of financial or operational inefficiencies.
• Ensuring statutory compliance with legal and tax requirements and reporting.
• Preparing monthly balance sheet reconciliations, accruals and journals, ensuring compliance with monthly deadlines for financial reporting and invoicing
• Preparing budgets, cash flows and projections with ongoing monthly monitoring and analysis of variances, identifying any cash short falls well in advance.
• Ensuring the timely preparation of the annual and bi-annual statutory accounts and liaising with internal and external auditors and audit requests.
• Work with HR & Admin Manager to review all payroll and employee benefits related matters required for Tax, Pension, and ad-hoc payments.
• Liaise with approved subcontractor managers and administrators to ensure compliance with cost control requirements.
• Finance Department staff development, performance management and supervision
• Advising the financial accounting activities.
• Instituting and implementing financial standards, processes and accounting principles.
• G/L scrutiny, Preparation of financials for Cost Incurred & Project cost presentation.
• CAPEX, Cash flow projections and quarterly profit & loss analysis.
• Designing budgets for variance analysis on a monthly basis and report to the top management.
• Drafting project manuals for effective cost controls with respect to site cash purchase, Hiring of Machineries, Inviting Quotations for bid analysis for placing a final order etc.
• Actively involved in the Financial accounting activities with respect to Project Client invoicing, refunds, payroll management, collection of accounts receivable, Payment of suppliers & Sub contractors - Nominated and Domestic, etc.
• Liaising with the clients, Banks, vendors on contractual negotiations.
• Analyzing cash flow and business performance reports for managing short and long term debts, cash rollover and investment proposal & Others.
• Organize and control assigned administration work for the Functional General Manager or Project Managers and the project team.
• Act as contact person/coordinator for administrative issues (incl. personnel administrative tasks) for the project team, incl. site teams. Organize office space, PC, data system accesses, etc. for new team members.
• Administer office facilities and pool of cars.
• Performs all the accounting and finance functions for human resource and administration directorate covering invoice processing, lease processing, budget preparation preparing and monitoring accruals, making journal entries and participating in all financial activities with head of department.
• Prepares a wide variety of statistical and financial reports and ensures all the financial processes are in line with established procedure and authorities, statutory compliance & Audit.
. Project 1: Expansion of Barauni Oil Refinery, Barauni of M/s Indian Oil Corporation
Project 2: National Aluminum Company Expansion Project for Mines and Refinery, Damanjodi, ORISSA, India
• Project Accounting, Payroll, Expenses settlements , Finalization of Accounts. Team Member in Tendering, Bid Analysis, Processing of Contractors bills, Bills for extra work, Escalation bills, Material Stock accounting .
• Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural statements.
• Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
• Report to management regarding the finances of establishment.
• Establish tables of accounts, and assign entries to proper accounts.
• Develop, maintain, and analyze budgets to keep under control all the cost segments.
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• Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural statements.
• Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
• Report to management regarding the finances of establishment.
• Establish table of accounts, and assign entries to proper accounts.
• Develop, maintain, and analyze budgets, preparing periodic reports so that cost can be monitored as per the set policies.
• Prepare journal entries, booking in to computerized accounting on behalf of HQ .This includes the accounting associated with entire local cost, distribution of corporate-paid costs and the related inter-company accounting, and month-end cost accruals
• Coordinate timely settlement of inter-company transactions.
• Perform miscellaneous research of inter-co financial matters and serve as liaison with the Company’s HQ.
• Oversee the performance of all accounting related to the monthly/ quarterly / annual close HQ and its branch offices.
• Perform / review monthly account reconciliations and account analysis, as well as other internal controls related tabulation and reconciliations.
• Complete monthly balance sheet preparation, reviews including risk and exposure assessments. Coordinate reviews with Corporate Financial reporting and internal and external auditors.
• Applied technologies and best practices for the purpose of reducing costs and enhancing the organizations interaction with external stakeholders.
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