Senior Finance Manager
Deyaar Development PJSC
Total years of experience :22 years, 7 Months
• Monthly review of all Local & International Subsidiaries, Joint ventures financials and consolidate the results in Group consolidation.
• Handling all GL Control accounts, monthly review of Balance Sheet Schedules.
• Interpret the company's financial results to management and recommend improvement strategies. Contribute fully to the development of the Company strategy across all areas of the business, challenging assumptions and decision-making as appropriate and providing financial analysis and guidance on all activities.
• Providing advice on financial matters impacting the Company.
• Quarter & Year End Audit finalization with Big 4 Audit Firms, (Currently KPMG & PWC).
• Finalize Monthly and quarterly MIS reporting for stakeholders.
• Handling all Audits, local and international Joint ventures.
• Handling the Association Audits of all the Buildings Manage by Deyaar Development PJSC as Developer.
• Controlling of General Ledger and process flow of the organization.
• Monthly Finalization of Value Added Tax(VAT) and submit to FTA.
• Controlling the finance and bank of the organization and daily report of Cash and Bank position to CFO.
• Controlling the General ledger Team and approving all the J.V’s
• Handling all accounting operations for joint Ventures.
• Controlling the other integrated property and facility management soft ware’s i.e. SMA and Amalaki.
• Liaison with Team Leader’s payable and Receivables to finalize the monthly MIS.
• Reviewing the current accounting policies and recommend changes if necessary.
• Ad hoc reporting for Group CFO..
• Monthly finalization of Management Accounts, and MIS reporting (P&L, Balance Sheet with supporting schedules).
• Controlling of Modules, GL, Payables, Receivables and Cash management.
• Prepare Budgets and forecasts for Projects, territory wise and in total.
• Receive projection from projects, analyze with Actual Budget and issue Monthly Project Cost Reports.
• Liaison with other team leaders of payable, Receivable and Finance to make sure that all the accounting entries are effectively done in the system.
• Supervise the Finance team for smooth accounting operations.
• Expense Analysis of General and Admin, Direct and indirect Labor and Overhead Cost by Project wise and in total.
• Monthly variance Analysis on Expenses and Booked project Revenue as per International accounting & Financial Reporting Standards for each project.
• Reconciliation of Monthly, Yearly and since Inception Cost, Revenue and Gross profit by each Project and in total.
• Territory Wise performance reporting for each project and in total.
• Timely consolidated Financial Reports for Parent Company.
• Monthly review and booking of Accruals, Provisions, Advances, Rental etc
• Monthly Amortization of Prepayments, and Lease Hold Improvements.
• Month end closing and adjustment entries in G/L
• Liaising with both internal and external auditors in compliance with company’s internal and external policy.
• Prepare Ad hock reports as and when required by Management.
• Monthly Finalization of Management Accounts. P&L, Balance Sheet, Cash Flow statement.
• Maintaining complete and supported accounting records
• Responsible for inter company reconciliation.
• Reconcile Bank and cash flow Management on daily and periodic Basis.
• Maintaining book of accounts, timely submission of reports, posting of vouchers and adhering the company’s policies and procedures and general accounting activities.
• Strengths include preparing financial statements, financial and Cost Analysis.
• Dealing with banks regarding banking and financing matters of the company.
• Liaising with both internal and external auditors in compliance with company’s requirement.
• Correct allocation of revenue and expenses cost center wise.
• Assist Management for Decision making in different Projects.
• Periodic Reports for Banks and Management i.e. Sales and purchase Reports, efficiency Reports. Inventory Reports etc.
• Preparation of monthly MIS reports for management decision making.
• Assist Cost Accountant for Computerized Bill of Material, Costing and Budgeting.
• Record and Handle bank Facilities regarding TR(Trust Receipts) and Letter of Credit, IDC, and ILC etc
• Legal Guarantees for Banks and Jebel Ali Port and Free Zone Authority.
• Solve the Operational Problems in ERP system.
• Solve the mutual disputes of supplier and customers.
• Post Journal and Adjusting Entries.
• Expense analysis and reporting for fluctuations.
• Finalize the Accounts on Periodic and yearly Basis.
• Maintain reliable and accurate Accounting Record.
• Preparing monthly trading account for cost center activities.
• Preparing cash flow projection and associated records.
• Bank reconciliation and liaison with Banks
• Periodic reconciliation of Debtors and Creditors Accounts.
• Assign Procedure for document Flow.
• Prepare monthly and Quarterly Management Reports.
• Implementing accounting policies and procedures.
• Supervising assistant accountants.
• Inventory management and supervision of deliveries.
• Solve the mutual disputes of suppliers and customers.
• Prepare Reports for Banks, Ageing, stock report etc.
• Prepare plan for Audit.
• Reconcile Inter Company Accounts.
• Assisting the sales and purchase teams on daily Basis.
• Maintaining Fixed Asset Register and Posting Depreciation on periodic Basis.
• Preparation of Transfer Letters, Cheques, Bank Guarantees and extensions
• Maintain Record of Receivable and Payable.
• Petty Cash Management for the Branch.
• Bank Reconciliation on Monthly Basis.
• Reconciliation of customers and supplier Accounts and Follow up for Payments.
• Prepare Payroll Sheet including deductions and advances to employees.
• Assist Chief Accountant for Cash Flow Statement.
• Prepare Ageing for Debtors and Creditors on monthly basis.
• Submit different Reports to Manager.
• Perform any other Duty assign by Manager.
Charetered Management Accountancy from ICMAP. fully accredited professional body.
University of the punjab
Bachelor of Commerce (B.Comm) .