Manager Finance & Company Secretary
United Arab Shipping Company
Total years of experience :16 years, 7 Months
Meeting financial objectives by forecasting requirements, preparing budgets and analyzing variances.
Maintaining robust control environment for financial processes, analyzing weaknesses and implementing appropriate corrective measures.
Analysis and review of monthly and annual financial reports.
Tax planning & compliance, coordination with bankers, auditors/ tax advisors.
Maintaining secretarial records, statutory books and registers.
Ensure compliance with applicable laws and group policies.
Supporting the design and build of reporting processes to deliver results.
Overview of the month end and annual closing processes.
Reporting and analyzing variances between budgeted and actual figures.
Recommending corrective measures for material deviations from the targeted results.
Reporting financial performance and business unit insights to CFO.
Ensuring proper recording of month/year end accruals including settlements of vendor payments and employee claims/expenses within defined KPI’s.
Advising with respect to Income tax, sales tax implications on transactions/arrangements undertaken by the company.
Managing costs in all spheres of operations with a strong emphasis on branch operations including designing of incentive and reward schemes.
Designing appropriate intervention and cost reduction mechanisms to mitigate losses arising due to inefficiencies in the system.
Preparing marketing, advertising and trade budgets and ensuring that activities are delivered within the budgets.
Performing financial analysis for marketing and trade campaigns.
Dealing with the bankers of the company on matters relating to funded and non-funded exposures of the company.
Preparation budgetary and product costing systems and project feasibilities. Member of the price negotiation committee.
Preparation and submission of reports on foreign and local trade operations, landed cost workings, departmental budgets, and reporting variances to the management.
Oversight of the import function and co-ordination with the overseas and local suppliers on financial and tax matters.
Training the Finance Unit on raising awareness and knowledge of financial management and tax related matters.
Attending Board and Price committee meetings.
Oversee Accounts Payable and Accounts Receivable and ensure adequate cash flow to meet the organization's needs.
Ensures an efficient Treasury structure for proper utilization of cash resources and maximization of the company’s working capital.
Reviewing statutory accounts of the company, ensuring timely and accurate completion and submission of all regulatory and statutory filings.
Coordination and correspondence with the auditors and tax advisors of the Company.
Preparing all deliverables including management reports, financial statements and reports required by the auditors.
Overall supervision of operations of the business considering the accounting aspect of the transaction and contributing inputs for decision making.
Ensuring all financial controls are in place and are operating at all times.
Preparing inputs for the preparation of the quarterly / annual budgets.
Corresponding with the bankers, tax advisers and auditors.
Gaining understanding of the business processes, control environment and associated business / audit risks.
Performing audits, analyzing internal controls, Identifying and investigating control weaknesses and potential anomalies.
Making appropriate recommendations and following up on corrective plans.
Ensuring compliance with regulatory laws and regulations