Accounts and Finance Officer
Bin Dhaher Group of Companies
Total des années d'expérience :7 years, 1 Mois
Independently handle and maintain books of Accounts and report to Group Finance Manager
Draft and submit monthly MIS to Group Finance Manager for reporting to Management
Prepare Monthly and Quarterly Sales and Cost of Sales Budget, analyze Variances and suggest the corrective measures
Prepare monthly Payroll and Statutory Provisions as required by UAE labor law
Account Receivable and Accounts Payable management
Scrutinize the Cost of Labor and Spare Parts charged to particular job and cross verify the invoicing
Determining monthly sales target for service advisors in coordination with workshop manger
Supporting Group Finance Manager to draft Operational Plans and Business Plans
Draft and submit monthly financial statements to Managing Director.
Ensure compliance with accounting standard, Income tax regulation and VAT regulation
Reduced the debtors collection period from 20 days to 12 days and also reduced total debtors by 50%
Slashed the overheads substantially and increased the profit margin from tour packages by 10%.
Zero default payment rate because of effective projection of cash flow for IATA payment
IATA stocks verification to ensure every invoice were posted in time.
Involvement in banking function- bank reconciliation and arrangement bank guarantee for different airlines.
Reduce term loan by increasing PBITDA
Negotiation of optimum solution and selection of short list of tour package supplier
Implemented audit program effectively to cut audit overheads by reducing over staffing.
Conducting statutory, internal audit and tax audit of banks, International non-government agencies, private and public limited companies, and insurance companies.
Devising, formulating and monitoring the internal control programs and policies of clients organization and ensure compliance with such procedure
Advisory and consultancy services to clients regarding compliance with Accounting Standard, Income Tax, VAT and other related statutory provisions
Draft the yearly and quarterly financial statements of clients as per the request.
Undertake special investigation at the directive of HOD in case of chance of fraud
Verification of vendors/suppliers involved in procuring items related to product and procurement
Preparation of accounting and management reports, as demanded by clients
Intercompany reconciliation at the time of full audit
Scrutinize day to day transaction by implementing integrated accounting system
Draft the financial statements and present it in board meeting
Prepare performance analysis report based on ratio analysis
Prepare the of annual report of board of director for each accounting year and present it in AGM
Analysis of financial statement on quarterly basis and provide feedback to board of directors
Maintain books of account to ensure compliance with Accounting Standard and Cooperative Act
Analyze the loan repayment schedule of each customer
Coordination with property valuator while issuing loan
Submission of monthly, quarterly and annual tax returns
Preparation of bank reconciliation statement
Coordination with management and auditor