Manager Finance and Internal Audit
KAEFER L.L.C
Total years of experience :26 years, 2 Months
Prepare and finalization of Accounts for monthly and yearly closing.
• In charge of Accounts and Finance Department.
• Establish and Implement Our Mission to help Succeed What To Start, What To Stop, What to Continue, what to Support and how it will be eliminated - among employees.
• Assist in Implementation and follow up business mission strategy: a)what are our key success measures, b) where we want to be, c)where are we now, d) what are the biggest barriers, e) how will we eliminate these barriers, and, f) review
• Implementation of "departmental guideline, and control system to alleviate the functional and operative performance of each department.
• Assisting the management in preparation of monthly and yearly Budget and forecast.
• Prepare and evaluate monthly/yearly cash flow statement and predicting the future financial plan.
• Establish and to ensure highest Accounting standards and procedure are followed in the department .
• Conducting internal auditing in all departments (ME Region) and reporting to CFO and CEO
• Complete annual staff 360 0 appraisals and identify any sub-standard performance or behavior and ensure corrective action
• Preparation of monthly variance analysis report on Budget and forecast Vs. Actual
• Researching, analyzing and reporting on elements factoring the business performance.
• Prepare and analyze of MCO report and conduct review meeting with department heads to monitor the performance and cost reduction opportunity.
• Monitoring and interpreting the cash flow status to strategize the future trends and Plan.
• Various financial reports to Management by analysis and interpretation of financial data to know the financial achievement, growth, and requirement for further improvement.
• Monitoring of Retention, Security deposit, advance payments, prepayments and accrued expense and other assets and liabilities to ensure the accuracy of financial data
• Ensure all A/P and A/R invoice are accounted in the time frame.
• Conducting review meeting of A/R and A/P to ensure the achievement of projected cash flow, fund for ongoing operations, investments and avoid any possibility of bad debts.
• Close monitoring of all payments to the supplier according to aging and budget plans.
• Liaising with bank and financiers for various insurance services
• Foreign currency hedging strategy adopted for overseas supplier
• Prepare proper Coverage Ratio (FCCR, ICR) analysis report prior to availing the facility.
• Conducting meticulous data review and analysis to prepare CAPEX budgets and monitoring its utilization.
• Assist in establish proper Working Capital Management based on proper ratio analysis.
• Providing strategic information to Management on crucial policies and project accounting
• Establish an Approval Matrix
strategy to stamp out delay for quick & proper decision.
• Collecting, analyze and reconciling monthly payroll data and employee settlement
• VAT accounting and statutory compliance.
•Liaising with external auditors
• Develop Review and checking all financial transactions prior to posting.
• Checking and authorization of all payments
• Develop the external relationship with appropriate contacts
All Purchase Order Qty and U/Rate are being verified and reviewed
• Proper monitoring of overriding of the approval authority
• Establish and implemented EOQ system for issuing PO for purchase any material
• Proper monitoring inventory and asset valuation
• Establish and implementation of perpetual inventory system to achieve the EOQ system
• Conducting monthly Physical auditing of inventory and the fixed asset
• Preparing inventory turnover ratio to know how efficiently inventories are being used to generate the revenue and cost hold on inventory
• Review and prepare a comparison analysis statement for WIP calculation
• Successful implementation of ERP accounting and financial management system
Training subordinates for greater Productivity and understanding
upervise functioning of Finance and Accounts Departments and ensuring accurate and an
appropriate recording and analysis of revenues and expenses.
Strategic, methodical, reliable and enjoying the challenge of solving long term issues and influence revenue positive outcomes.
Enjoying opportunities think “outside the box” deriving new solutions to old problems through strategic information and data scrutiny.
Well experience in Microsoft outlook, office, word and widows.
with Banks for opening of L/C, Bank Guarantees and Bonds
Checking of BPV, CPV, JV and petty cash approval up to Dhs.2000.
Preparation of Bank, Supplier and customer ledger reconciliation and its monitoring.
Supplier payment approval with aging.
Overhead cost checking of budget with forecast and actual and preparation of variance.
Inventory control and fixed asset management.
Payroll checking and processing.
Preparation of accounts for finalization.
Monthly project cost overview and its analysis.
Supervision and preparation of accounts up to finalization.(Trial Balance, Trading and P&L and Balance Sheet)
Monthly closing and adjustment entries
Review and checking of sales revenue variation with forecasted sales budget.
Payroll checking, processing and distribution of salary to employees.
Employee leave and final settlement approval.
Reconciliation Bank, cash and supplier and customer ledger and follow up for customer payments according to the aging.
Project cost overview and report to Accounts Manager.
Dealing with bank for opening of L/C, issuance of Bank Guarantee and Bonds.
Approval of supplier payment as per the actual aging system.
Nature of the Co. : Manufacturers of Drugs and Medicines
Job responsibilities
•Supervision of Accounts, preparation of T.B and Trading and P&L Accounts and Balance Sheet for external auditors and finalization.
•Preparation of all adjustment entries, approval and authentication for Cash and bank vouchers and its payments.
•Dealing with Bank for opening of L.C’s(both outward and inward)
•Approval of employee salary master data preparation of salary
•Preparation of monthly tax and filing of Tax Returns (Sales Tax, Central Excise, Income Tax and TDS, PF and EPF)
•Cost overview analysis of various departments with their monthly and annual budget.
•Preparation of MIS reports for Management.
Preparation of all vouchers and its posting after its approval
•Preparation and tallying of Trial Balance and Trading & P&L A/c
•Passing adjustment entries for provisions and monthly closing.
•Dealing with bank for day to day transactions.
•Handling of cash, preparation of payroll and salary disbursement.
•Reconciliation of bank statement, supplier and customer ledgers.
•Checking and passing of all supplier invoice and aging details etc.