Financial Reporting Analyst/ Treasurer
Danone
Total years of experience :17 years, 0 Months
My regular responsibilities include:
• Prepare and distribute financial statements, including footnotes, in conformity with IFRS.
• Ensure compliance with internal and external reporting requirements.
• Ensure deadlines for monthly accounting, financial analysis, and reporting are met.
• Prepare audit schedules requests and assign responsibilities to other internal and external department personnel.
• Prepare analytical support for reports and presentations
• Provide financial analysis, business modeling and decision support to senior executives and operating managers
• Preparation of monthly, quarterly and annual Cash Forecast.
• Managing all aspects falling under the Treasury function including but not limited to: consolidating cash flow forecasting across the group, challenging all units / entities covered, looking at accuracy and monitoring intercompany movements within the group.
• Ensure deadlines for monthly Cash and Intercompany reporting are met.
• Maintain the documentation related to opening and closing of bank accounts in UAE, LEVANT, Egypt and Pakistan.
• Maintain the Signatory list and the administrative requirements for Addition/Deletion of signatories, Setting up Bank mandate and Call back mandate as per company policy and ensure proper documentation.
• Preparation of monthly, quarterly and annual Cash Forecast and Borrowing needs.
• Ensuring that company's working capital is adequate to allow it to operate effectively;
• maintaining close relationships with the company bankers and group Finance house (DFI);
• liaising with other departments, such as business controlling, Legal and Supply chain, on a range of issues;
• liaising with bankers and Group Investors and maintaining positive working relationships;
• Assist the TMS project team in successful implementation of a new Treasury Management System DIAPASON.
• Manage Trade finance transactions with banks such as C/LG and Bonds (Bid/Performance).
• Regularly reviewing the LCs and Bank guarantees to Monitor Risk Exposure.
• Liaising with distributors and banks for all L/Cs, L/Gs and Performance bond/ Guarantees and request clarification where needed.
• Ensure proper documentation of L/Cs, Bonds, Factoring policies and Credit risk insurance.
• undertaking risk management activities to protect company's financial well-being;
• FX risk management: coordinate, collect and review the FX exposure for the group
• Regularly performing Cash Pooling, Cash Hedging and Cash Netting for Group treasury
I led assurance teams through the planning, execution and conclusion stages of statutory audits, validation of financial reporting packages of multinational concerns, management and financial consultancies
Responsible for engagement management, team mobilization, client relationship management and compliance of financial statements with applicable framework like IFRS and USGAAP
Co-ordination with professionals of various fields like legal, actuarial and IT experts
Deciding for resolution of critical reportable matters
Responsible for meeting assignments’ deadline and review of working papers by Engagement Leader
Maintaining discipline within audit team
I have been part of audit teams for audits of organizations involved in hospitality, manufacturing and related services. All work done under International Accounting Standards / International Financial Reporting Standards
Major roles and responsibilities in KPMG are:
•Planning, supervision and review of financial audits of various listed and un-listed companies and organizations.
•Statutory audits under local regulations.
•Project management from the planning stage to audit completion. This includes planning, budgeting, managing and supervising staff and coordinating with the engagement manager and partner. Deliver assurance service on time and to budget, and monitor variances. Identify efficiency improvements and additional billings.
•Analyzing the external and internal business environment. Assessing the business risks, ensuring adequate business risk management activities and compliance to policies and procedures.
•Performing a detailed review of the operations and internal control systems in a computerized environment to identify weaknesses in the system and to give recommendations for improvement.
•Analyzing the financial results and ensuring that the results are in accordance with the Company’s activities and events occurring during the year.
•Effective management of audit process with appropriate consideration of audit risk issues and accounting technical matters.
Responsible for effectively delegating tasks, providing guidance to staff, allocation of work, review and monitoring performance of the team on the engagement.
Review work done by less experienced people for sign off by Manager/Senior Manager.
Working as a team and interacting with clients has strengthened my interpersonal skills. Excellent time management is required in order to meet reporting timetables and tight deadlines, which I have developed during the course of my career