Finance Manager
Byrne Technical Services
Total des années d'expérience :10 years, 6 Mois
⚡ ️Leading group in rental and construction of Modular building in GCC.
⚡ ️Construction partner in Expo 2020 Dubai.
Responsible for day-to-day operations of the finance department with a team of 5 accountants, set goals and objectives. Managing
multiple projects valuation over 200 Million USD of Saipem, Mofarrah al Harbico and KCA Deutag.
Detailed Job Description & Achievements:
• Spearheaded project cost monitoring and control initiatives, analyzing variances and identifying cost-saving
opportunities. Implemented efficient cost management strategies resulting in a notable 3% increase in gross profit,
safeguarding overall project profitability.
• Developed and maintained intricate financial models, enabling accurate assessment of project costs, and providing
strategic insights for informed decision-making, thereby enhancing project efficiency and profitability.
• Ensure effective completion of month-end/year-end procedures & closing of accounts which include regular review of
trial balances, review of individual general ledger accounts, approval of transactions, review and posting of journal
entries. Streamlined month-end and year-end financial closing processes, reducing closing periods by 50% and
improving overall efficiency.
• Carry out detailed analysis of the financial statements (income statement, Balance sheet and Cash flow statement) on
monthly basis including analysis of key financial ratios.
• Improved team communication across departments to strengthen collaboration and streamline processes to facilitate
timely financial reporting.
• Ensure the timely preparation and reporting of Monthly WHT, VAT, TP Local file, translation of GL and yearly Zakat
report. Signal handedly managed ZATCA detailed audit without getting any penalty.
• Serve as the primary point of contact for external auditors. Facilitate communication between auditors and internal
teams, addressing any queries or requests for information in a timely manner. Dealing with Big 4 external auditor for
9 years without any qualification in the audit report.
• Ensure compliance with financial regulations and reporting requirements, including timely preparation and reporting
of tax filings, transfer pricing documentation, and statutory financial statements.
• Review and analyze contracts, agreements, and legal documents to identify key terms, obligations, and risks.
• Provide support and guidance to internal stakeholders on contract-related matters, including interpretation of contract
terms, resolution of contract disputes, and implementation of contract changes
⚡️Real estate group with projects worth over AED 3 billion.
⚡️ Boasts over 3k+ clients and 100+ staff.
Responsible for day-to-day operations of the group’s finance department with a team of 3 accountants, set goals and objectives.
Managing accounts for various real estate projects with valuation of more than AED 3 billion.
Detailed Job Description & Achievements:
• Successfully implemented new tailored Real Estate accounting and CRM system to streamline reporting and improve
operational efficiency, resulting in a 50% decrease in processing times.
• Built and managed team of 5 accountants ensuring that they are fulfilling goals in a timely manner and training them
on processes, policies, and procedures.
• Incorporated advanced cashflow forecasting techniques, significantly decreasing processing time and enabling
finance team to more accurately forecast in a shorter amount of time.
• Redesigned and implemented the accounting procedure, streamlining process by 60% and increasing efficiency
across the board.
• Implemented first time adoption of IFRS 15 (revenue recognition accounting standard) across the organization having
multiple ongoing projects with over 3k+ buyer/investors.
• Have been a key contact person with a local Bank for a financing facility of AED 600 million, prepared all the required
information packs in the start to successfully raise the finance.
• Implemented automation solutions to minimize duplication of work in existing procedures and thus reduce time spent
on each task by 60%.
• Improved team communication across departments to strengthen collaboration and streamline processes to facilitate
timely financial reporting.
• Monitoring all VAT (Value Added Tax) related matters including Quarterly Returns.
•Create project accounts in the accounting system.
•Maintain project-related records, including contracts and change orders.
•Authorize the transfer of expenses into and out of project-related accounts.
•Review and approve supplier invoices related to a project.
•Review and approve overhead charges to be applied to a project.
•Review account totals related to project assets and expenses.
•Confer with receivables staff regarding unpaid contract billings.
•Report on project profitability to management.
•Report to management on any opportunities for additional billings
•Report to management regarding the remaining funding available for projects
• Liaising with client's management and communication of key audit issues including to persons at appropriate levels of responsibility;
• Leading audit engagement teams through planning, execution and finalization stages of audit. Involve in reviews, validation of financial reporting packages assurance engagements and other varied special nature engagements including internal audit performance etc. in accordance with International Standards on Auditing (ISA);
• Assisting clients in preparation of financial statements in accordance with the applicable financial reporting framework including compliance with International Financial Reporting Standards (IFRS), local corporate laws and directives of regulatory authorities;
• Planning and executing audit procedures designed to aid the department in achieving performance objectives for each audit engagement, adherence of reporting deadlines and mitigate audit risks;
• Evaluating internal control systems and risk management procedures, identifying weaknesses therein and suggesting recommendations to management for correcting unsatisfactory conditions, improving operations, and reducing cost;
• Performing operational effectiveness testing of controls over significant accounts, collaborating with senior management to drive actions that are pragmatic and achievable and providing on-the-job training and professional development to staff;
• Controlling overall cost of engagement through budgeting and timely completion of field work; and
• Ensuring compliance with the ethical and professional requirements of the Code of ethics at the engagement level.
Responsibility:
During Internship I worked on following SAP modules and posting entries:
Modules included:
General ledger
Purchases
Financial Reporting
Budgeting and Costing
Achievement:
Identify discrepancy in fixed asset and report to internal audit department. Advise them to correct the error according to International accounting standard (IAS 8) retrospectively.
Responsibility:
The preparation of daily sales.
Managing petty cash expense receipt, checking and organizing reimbursement.
Reconciliation of all bank accounts including credit card settlement and supplier accounts.
Preparation of payment vouchers and cheques for all inventory suppliers, rent, utilities and other standard payments as per credit terms.
Compilation and preparation of monthly payroll, which includes collection of staff attendance records and distribution of pay slips.
Conducting cash and inventory audits within Gastronomical restaurants.
Liaising and or following up with other functional and operational teams and external agencies which include banks and government departments.
Updating and maintenance of asset register.
Assisting the Finance manager in accounting and year end finalization/audit etc.
Interacting with internal and external auditors in compiling audits.
Preparing financial status reports and studies as needed
Providing supervisors with historical information and accurate financial reports as requested.
Other duties assigned from time to time based on requirement by the seniors.
Provided assistance in preparation of Balance sheet, Profit and loss and Cash flow statement
Staff training relating to Enterprise resource planning (ERP)software
Implementation of Enterprise resource planning (ERP)software
Coordinating with Ernst & Young software provider.
Achievements:
Using my communication skills reduced the resistance of employees against new software and introduce them this software will broaden their experience.
Implemented the Sales and Payroll module which was pending for 4 years.
I am an associate chartered certified accountant (ACCA) affiliate. In my essential module, I opted for advanced financial management and advanced audit. As an ACCA affiliate, I have an aptitude for auditing and financial management, both of which I'd be able to groom in the best way while working at esteemed organization.