Finance Manage
PrivatAir Saudi Arabia
Total years of experience :10 years, 3 Months
▪ Lead the preparation of annual budgets and assist in review of the budgets
with the Director Finance. Performed and managed a full range of
accounting responsibilities, including accounts receivable, accounts payable,
general ledger, collections, and variable costs reporting and reconciliation.
▪ Appointed as Project Lead to revamp financial management and reporting
systems, methodically implemented Oracle Fusion Financials (a cloud-based
application) and leveraged the availability of integrated financial modules to
improve financial reporting accuracy and timeliness.
▪ Designed the organizational and reporting structure in line with Oracle
system implementation.
▪ Oversee financial reporting tasks, review statements and reports before
submission / publication and ensure compliance with statutory requirements
of the region.
▪ Plan and execute audits (internal and external), liaise with external auditors
for completion of financial audits, respond to audit queries, note noncompliance outlined by auditors and provide guidance on preparing the audit
report.
▪ Undertaking investment appraisals for new projects and aircrafts.
▪ In-charge of project accounting activities, tracked all financial aspects of
projects that included budgets, forecasts, cost sheets, vendor payments and
invoicing and highlighted the margins available in each project.
▪ Conducted project feasibility studies from the financial perspective, prepared
cost reports, defined fund requirements and options for fund sourcing.
▪ Managing cash flow for the funds available for each project/aircraft.
▪ Monitored project receivables and payables to maintain adequate cash flows
and regulate liquidity.
▪ Optimized cash flows by redirecting excess resources from one project to
any other as required in line with prescribed accounting practices and
management guidelines.
▪ Working closely with operations in analyzing activities relating to the
aircrafts and identifying cost effective solutions.
▪ Tracking budgets and variances on aircrafts, ensuring that the costs remain
under budget.
▪ Successful implementation of VAT (Value Added Tax) across the company
as per VAT implementing Regulations and successful submissions of
monthly VAT filings.
▪ Maintained payables payments and ageing history.
▪ Maintained receivables recovery and ageing history.
▪ Completed periodic reconciliation of receivables and payables.
▪ Managed proper write-offs or set-offs.
▪ Fixed Assets Management.
▪ Prepared financial statements on a regular basis for the aircrafts under management.
▪ Prepared budgets and variance analyses.
▪ Prepared different reconciliations such as bank statements, customer statements and reconciliations for vendors.
▪ Managed intercompany transactions with different offices.
▪ Maintained monthly payrolls and deductions against loans to crew members.
▪ Carried out financial modeling and project evaluations.
• Preparation of monthly and quarterly financial statements.
• Payables and receivables reconciliation.
• Preparation of General Ledger
• Maintaining Cashbook.
• Bank Reconciliation
• Assessing compliance with policies and procedures laid down in Pfizer’s Global Policy on interaction with Healthcare Professionals and Foreign Corrupt Practices Act (GPIH/FCPA) in various transactions made with Healthcare Professionals.
• Performing procurement to payment audit cycle.
• Auditing vouchers and expense reports to ensure compliance with relevant SOPs and internal control procedures.
• Worked on Risk Control Matrix (RCM) and Embedded Risk Assessment (ERA).