Manager Accounts And Finance
Thrriv LLC
Total years of experience :8 years, 2 Months
Key Tasks & Responsibilities:
• Financial Management and Strategic Leadership: Spearheaded the implementation and management of Zoho accounting software while simultaneously driving strategic financial decision-making as a co-founder, ensuring the company's sustainable growth and financial stability.
• Supply Chain Management and Financial Oversight: Strategically identified and selected reliable suppliers, finalizing costings for new products to optimize pricing and quality. Concurrently oversaw day-to-day financial operations, ensuring accuracy and timeliness in financial reporting, cash flow management, and tax compliance.
• Value Chain Finalization and Business Development: Finalized the commercial value chain for the company's products across website, 3rd party platforms, and retail stores, contributing to the brand's expansion and market reach.
• Cash Flow Management and Funding: Managed accounts receivable, accounts payable, and banking activities to ensure the company's financial stability while also securing necessary funding for the company's working capital gap and growth.
• E-commerce Management and Retail Relationship Building: Managed the back end of the website, ensuring product information accuracy and integration of payment gateways. Simultaneously fostered and managed relationships with key retail partners, such as Choitrams, Geant, Earth Supermarket, and other specialty stores to expand the brand's retail presence.
Key Achievements
• 2021: Company Establishment: Successfully established the company in Sharjah Media City (SHAMS), ensuring full compliance with all necessary regulations, laying a solid foundation for operations and growth.
• 2021: Website Launch: Orchestrated the successful launch of the company's website, establishing a robust online presence to significantly enhance brand visibility and consumer engagement.
• 2022: Brand Launch and Diversification: Led the comprehensive launch of a dietary foods brand, introducing a diverse range of products including ice creams, bakery items, and hot and cold kitchen products, effectively expanding the company's product portfolio.
• 2022: Register the company for Vat.
• 2023: Register the company for Corporate Tax.
• 2023: Brand Expansion: Secured brand listings with premium online platforms and major retail stores, strategically positioning the brand for substantial growth and market penetration
Key Tasks & Responsibilities (Finance):
• Oversaw the company's cash flow management, ensuring liquidity and financial stability.
• Managed accounts receivable by issuing monthly statements, proactively following up for payments, processing credit notes, and verifying supporting documentation for deductions, while ensuring adherence to contractual terms.
• Efficiently managed accounts payable by ensuring accurate recording of tax invoices and timely payments to all suppliers.
• Conducted meticulous cash and bank reconciliations using customized excel sheets and ERP systems.
• Handled employee current accounts and processed payroll, ensuring compliance with the Wage Protection System (WPS).
• Carried out month-end reconciliations for 3rd-party online platforms and in-house online sales.
• Prepared and presented tailor-made sales reports for distributors, providing valuable insights for strategic decision-making.
• Managed monthly stock adjustment reports to optimize cost control measures.
• Liaised with banks, investors, and financial institutions, facilitating monthly and annual credit line reviews to ensure continuous funding.
• Finalized and presented monthly and annual financial statements and coordinated with auditors for financial audits.
• Prepared departmental budgets and variance reports, providing detailed insights to aid in financial decision-making.
• Filed quarterly tax returns with the Federal Tax Authority (FTA).
Key Tasks & Responsibilities:
• Successfully achieved monthly collection targets, demonstrating a proactive and results-driven approach to credit control.
• Regularly prepared and analyzed aging reports to effectively monitor and manage accounts receivable, contributing to improved cash flow management and reduced credit risk.
• Arranged and conducted client visits to address outstanding issues, and maintained consistent follow-up with customers via phone, fax, email, and in-person communication, effectively resolving payment disputes and enhancing customer relations.
• Collaborated closely with the sales team to address issues related to goods received vouchers (GRVs), discounts, rebates, sales, and promotional activities, ensuring streamlined operations and customer satisfaction.
• Provided strategic support to the Finance Manager, particularly in month-end processes and the closing of accounting books, contributing to accurate financial reporting and reconciliation.
• Diligently followed up on outstanding payments, maintaining a proactive stance in managing accounts receivable and minimizing delinquencies.
• Monitored credit limits and assessed creditworthiness, ensuring prudent credit risk management and adherence to established credit policies and procedures.
• Ensured accurate and appropriate recording and analysis of collections and outstanding balances, maintaining precise financial records and data for informed decision-making and reporting.
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