Team Lead - Compliance and Tax Audit
Federal Tax Authority
Total des années d'expérience :20 years, 7 Mois
Supervise assigned staff and monitor the team performance
monitoring, evaluating and advice on cash flow, capital costs, financial performance of the business unit compared to budget and forecast
Maintain management accounting and reporting processes and systems with innovation as required
Support the preparation of development, pre-opening and annual budgets and business plans and periodic forecasts with a focus on SSD zero-based cross charging to operations.
Support in project controls and budget cashflow preparation and analysis of covenants and KPIs
Upload and maintain budgets in Oracle for OpEx PR approval and management accounting variance analysis
Support valuation of fixed assets and capital work projects to be incorporated in the financial statements
Liaise with asset managers, managers, external accountants, auditors, legal and other advisors in relation to financial management and operational finance
Support on commercial and financial and strategic issues across the business
Support Treasury function with covenant testing and monitoring, lender reporting, cash calls, account balance information, and lender reporting
Liaise with all counterparty institutions to ensure that all requirements are met to facilitate the investment transactions
Provide guidance on accounting and financial matters to subordinates and associates which may include structuring and deals.
Undertake Special project assignments, including ongoing enhancements to the company’s financial reporting and budgeting systems e.g.: Oracle, Hyperion, Excel etc.
Provide training on Oracle ERP to new business users as and when required
Accomplishments:
Functioned as power user in implementation of Oracle ERP & Hyperion Financial Planning systems
Played key role in implementation of financial processes & procedures aligned to industry best practices
Responsibilities:
Manage day to day operations of the accounts team and update status to the senior manager
Ensure accuracy of financial statements - actual and budgeted
Build & maintain productive business relationship with key decision makers across banking organizations
Coordinate with team members in preparation of operating budgets and distribution of financial resources
Analyze variances & discrepancy between budget / actual expenditures including matters related to budget, statistical and costing reports
Conduct research on financial data within accounting systems and ensure prompt resolution of questionable financial entries. Maintain updated knowledge of financial reporting and general ledger structure
Use various Excel modeling tools in compilation of budget based on Abu Dhabi Department of Finance templates
Generate/ update various status reports for the Abu Dhabi Department of Finance
Ensure compliance to SLA parameters with regards to monthly financial reporting
Assist the senior leadership team through consolidated data and qualitative analytical researches
Implement various process improvement initiatives and optimize resource utilization to enhance workflow of the department. Participate in audits with the External Auditor
Accomplishments:
Acknowledged for independent & efficient management of Bank Finance, LG’s and LC’s
Responsibilities:
Generated & updated various status reports for the senior leadership team
Guided team members in day to day accounting activities, preparation of annual budget document
Involved in verification of expenses, receipts & payments, monthly salaries/ wages
Prepared bank reconciliation, revenue & expenditure variance analysis, capital assets accounting
Ensured compliance to monthly & year-end closing entries and audit schedules
Prepared & ensured compliance to Clients Receivables, Supplier & Sub-Contractor ageing & payment schedule.
Forecasted cash flow, related borrowing requirements and available funds for investment
Aligned fund availability to ongoing operational activities
Defined & implemented policies, procedures in compliance to laws, regulations, IFRS
Responsibilities:
Involved in verification of Supplier Invoices/ Sub contractor Payment Certificate, generating monthly payroll of staff and labours
Analyzed/ approved receivable & payables invoices. Guided team members with monthly closing procedures with regards to prepayments, staff & non staff benefits provision and reconciliations etc
Prepared banking positions, cash flow & cash book of day to day accounts, L/C, L/G banking utilized positions, tracks for Fixed & Financed Assets. Focused on processing of various insurances and claims
Responsibilities:
Generated month-end accounts based on historical data and forecasts
Prepared VAT return forms and accounting entries related to VAT and dealt with the government auditors
Guided team members in preparation of budgets, business plans and projected room revenue
Involved in reconciliation of bank statements, control & preparation of payroll
Maintained updated knowledge on usage of Accounting Software
Managed Vendors & Clients Accounts, prepared invoices & payments and generated weekly AR & AP aging reports. Followed up with clients on late payments, reported bad debts and monitored cash flow
* B.Sc. in Accounting (09/2003 Damascus University (Commerce College), Syria
