Accounts and Finance Manager
Mubarak Marine LLC
Total years of experience :30 years, 8 Months
A marine services organization based in Dubai, which operates and manages a fleet of tugs, accommodation barges, etc. with expertise in salvaging of sunken vessels, ship piloting and towing services.
Qualified Finance Professional offering over 30 years of comprehensive experience across accounting system development, and financial reporting, Auditing and Compliance, Budget Development and Management and Cash Flow Management, Team Management, Operations Control and Customer Relationship Management. Adept in ascertaining needs and goals, streamlining operations with a strong attention to details.
Selected Achievements and trainings
• Designed and implemented accounting system in e-promis which links with the marine operations of the company and the various jobs undertaken.
• Negotiating and Liaising with banks and financial institutions for raising funds and non-fund based facilities at favorable terms to meet the working capital requirements, term loan, bank guarantee & LC;
• Responsible for Debt collection - from overseas and UAE, with 3 finance assistants for a medium size of business and other 4 business entities.
• Liaising with the Auditors, Tax consultants and the company secretary in Singapore for a subsidiary Company incorporated under the Singapore Companies Act.
• Preparation of accounts of related party companies and liaising with the customers specially overseas, once business is routed through such sister companies
• Clearing issues of customer and suppliers accounts and reconciliation of every such accounts at a minimum span of time.
• Reduced the accounts department cost from 8 staff to 4 staff.
• Trainings done to bring the E promis system online and imparted training for subordinates for the proper updating of transactions which helped the management to plan the cash inflow and outflow on time.
Career Path since joining:
• Accounts and Finance Manager (2000 - 2016)
• Chief Accountant (1994-1999)
Key Responsibilities:
Responsible for implementing financial procedures, maintenance & finalization of accounts as per statutory requirements. Oversee all aspects of Budget preparation, MIS Reports, cost controlling. Manage and engage in the analysis of the Balance Sheet especially for the restructuring of various financial facilities of the company. Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management. Oversee the accounting, forecasting, variance analysis, and corporate planning and finance management.
Strategic Financial Planning & Control
Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control.
Formulating and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions.
Accounts & Auditing
Designing and implementing accounting systems & procedures; supervising the timely preparation of statutory books of accounts and finalization of accounts and payroll policies.
Monitoring and ensuring preparation of Bank Reconciliation Statements for reconciling Cash & Bank balances involving active coordination with bank authorities.
Coordinating internal, statutory audits; evaluating internal control systems / procedures to highlight the shortcomings and implementing necessary recommendations.
Interacting with banks for timely deposits of payments and handling other routine banking operations.
Monitoring daily collection and debtor credit limit; preparing outstanding statements, Credit Index Reports and Defaulters List.
System Implementation & MIS
Designing and implementing systems to ensure smooth functioning of finance & accounting operations across the organization.
Supervising the preparation of MIS reports to provide feedback to top management on financial performance, viz, fund management, variance analysis, profitability, etc.
Managed a team of junior auditors / accountants, reviewing their works and providing guidance.
As an Audit Manager played a major role in the finalization of Audit and in the preparation of Audit reports for the clients.
Worked as a representative of Maintex Corporation Hong Kong in the Indian Office and later worked as the marketing executive in their head office in Hong Kong. A company importing textile fabrics from various countries around the world and sells it in Hong Kong. Had the experience of involving in sales and marketing of imported fabrics and also travelled to Taiwan and Bangkok to enter into business deals for import of goods to Hong Kong.
3 years of Article ship done when enrolled with the Institute of Chartered Accountants of India.
During the period got involved into various types of accounting methods and auditing the accounts of various institutions.
Fatima Matha National College, Quilon.
Fatima Mata National College, Quilon.
