Financial Controller - Middle East
Advanced CAE
Total years of experience :21 years, 2 Months
Business set up in the UAE in coordination with legal consultants
Framing accounting & financial reporting policy for the company
MIS Reporting
Cost-benefit analysis
New market, product & revenue segment analysis
Dealing with banks
Involved in strategic decision making with the management
VAT return filing
Domain of Experience
Costing
MIS reporting
Variance analysis
Budgeting & forecasting
Internal audit
Cash flow management
Dealing with external audit
Development of quality manual
Internal controls
Receivable & payable management
Dealing with banks on LC’s
ERP Experience : SAP, Orion, Tally
Career Progression
Mar‘12 - present : Assistant Manager - Finance/ Internal Auditor, Silus Electrical & Switchgear LLC, Dubai
Job Profile/Achievements
In charge of accounting & finance activities of the organization
Generation & analysis of MIS reports such as sales report, inventory, creditors, debtors ageing report etc
Instrumental in collecting the overdue receivables to the order of AED 1 Million outstanding for over 365 days
Renegotiated credit period with major suppliers, thereby reducing finance cost
As the internal auditor of the organization, conducted periodic audit of different departments to detect, non compliance to the agreed process/procedures, detect fraud, duplicated effort, if any, & suggested ways for improvement
Preparation of standard budget & did variance analysis on a periodic basis v/s actual’s & took necessary steps in consultation with the management to reduce the variance
Did Job order costing to arrive at the cost per unit
Handled other functions like payroll processing, employee appraisal, processing of employee end of service etc
Mar ‘10 - Oct ‘11 : Senior Accountant, Prime Projects International, Dubai
Job Profile/Achievements
In charge of accounts receivable
Supervision of invoicing, checking if invoicing is done as per the contract terms
Preparation & submission of periodical outstanding report to the management
Dealing with external & internal audit
Nov ‘06 - Feb‘10 : Senior Accountant/Internal Auditor, Wild Flavors Middle East FZE, Jebel Ali
Job Profile/Achievements
Responsible for overall general ledger of the company & month end closings & drawing of TB, PL & BS
Instrumental in framing the policies & practices to be followed by internal & external parties while dealing with the accounting department
Involved in activity based costing to arrive at the cost of production
Preparation of cash requirement report after liaising with other departments after taking into consideration their requirements which gave the management a fair picture of the cash required for a given period
Involved in preparation of standard budget after collecting the sales, HR, supply chain budget from the respective departments & also did variance analysis with the actual’s & took necessary steps to reduce the variance on a periodic basis
As internal auditor of the organization established the quality manual after liaising with each departments & also participated in internal audits
Handling of external auditors - explaining to them the process flow & work processes being followed & providing the auditors with required documents, reports, schedules etc
Feb ‘03 - Nov ‘06 : Commercial Accountant, Spinneys Dubai LLC, Dubai
Job Profile/Achievements
Handled the accounts payable cycle from booking of a supplier invoice till processing the payment on time
Handled the receivable cycle after the sales invoice was booked into the system till the payment was received
Preparation of Bank Reconciliation Statements
Liaising with banks on L/C’s from suppliers/customers & preparing the necessary documentation for onward submission to the bank
Coordinating with sales & marketing department for raising claims on promotional activities supported by the principle
Monitoring & analysis of the performance & profitability of promotional activities
Generation & analysis of stock ageing report & highlighting to the management on aged/slow moving stock
Involved in stock counts & also assisted the supply chain department in preparation of GRN