Finance Manager
Value Real Estate and Construction WLL
Total years of experience :19 years, 9 Months
Accomplishments:
• Responsible for the preparation of consolidated financial reports for six (6) companies, successfully completed, and closed the books one month after year-end.
• Develop and Implemented Accounting and Finance Standard Operating Procedures (SOP Manual).
• Resolved tax disputes with General Tax Authority for 6 companies, resulting in the waiving of penalties and clearing of miscalculations on Income Tax issues.
Key Highlights:
• Ensure proper recording of Intracompany transactions for six (6) Co’s & Shareholders transactions by setting and monitoring Finance & Accounting Team Obj. ensuring accurate, timely recording & reconciliation and in line with IFRS.
• Preparation of Monthly Financial Report for each company and the Consolidated Financial Reports.
• Resolved discrepancies and ensured alignment with the set Manual Standard Operating Procedures by collaborating with cross-functional teams.
• Prepared comprehensive financial reports and presentations for stakeholders, summarizing all their portfolio performance.
• Negotiated and executed real estate transactions, including acquisitions, dispositions, and leasing agreements.
• Providing financial analysis and reporting on intercompany balances to support decision-making and strategic planning and on its Cash Flow Management.
• Managed the end-to-end process of intercompany transactions, including invoicing, reconciliation, and dispute resolution.
Accomplishments:
• Serve as the Project Manager for the initial SAP Business One implementation (SPOC) for both Finance and Accounts Department which was integrated with Armaor Software System for Rebar Production. Designed company's chart of accounts, incorporating absorption and variable costing for strategic decision-making. Implemented internal controls and authorization lock keys parameters, and responsible for overseeing the smooth and successful implementation of SAP Business one Module. Ensure effective coordination & communication between finance and accounting team and the implementation team, facilitating a seamless integration of the module into the organization’s finance, accounting, Production, Inventory and Procurement processes.
• Achieved target of minimizing 5% scrap and wastage on the Cut & Bend Production through Benchmarking and Implementation of Armaor Software resulting in an additional gain of 3.6 million QAR per Year.
Successfully managed 80+ projects worth of total Return of 1.5 billion QAR from 2008 till 2021 involving notable companies such as QDVC, ALSTOM, Porr Bau Gmbh, Saudi Bin Ladin, SEG, GET, Midmac-MIC JV, HBK, CAT Int'l, Unicorp Bemco & Almabani, MAN Ent, TAG Engr, Conimberg, Builders Adv., CCC/TCC JV, J&P, Aljaber & Makhlouf, Petroserv, Harinsa, Redco, CEM Estero, Zublin, Al Balagh, AUCC, Shapoorji Pallonji.
Key Highlights:
• Directly reporting to the Group Chief Financial Officer and Managing Director. Oversee the operations of both the Finance and Accounting Department, including the design of an organizational structure and Internal Controls adequate for achieving the department's goals and objectives.
• Ensure the timely reporting of all monthly and annual financial statement reports and perform general ledger reconciliations including deferred income and other account analysis.
• Handles treasury function (Cash management/short and long Debts/Projects Cash Flow) and directly involved in Banking relations,
• Preparation and monitoring of Budgets (assist in monitoring monthly revenue/expenditure variances for the Operations division on an on-going basis and ensuring that actual expenditure remains in line with plan.) Lead investigation when variances are significant and taking necessary control and action as required.
• Evaluates opportunities and risk (Commercial Contracts and Bank Covenants) by providing sufficient information to facilitate fair evaluation and also collaborated with bank representatives to negotiate capital requirements.
• Handles, and oversee the accounts receivable (Collections), payable (Bank Restructuring) and Inventory, monitors KPI's for the accounting and sales units.
• Oversee and approve WPS/ payroll/ end of service benefits.
• Handle and liaise both Internal (Deloitte) and External Audit (Grant Thornton), Banks, Company Legal Team, and Tax Providers.
• Assist the group with gathering data and preparing reports for key personnel as requested.
• Maintains records and files (company's documents/ contracts/ deed of titles of companies’ assets/ customers and vendors contracts/ lease agreements).
• Perform other duties /ad hoc as requested by the Top Management of the Company
• Assisting the Finance Manager in preparing and finalization of monthly balance sheet, profit and loss, Cash Flows Statement, and Notes.
• Analyze and Prepares Journal entries on asset, liability, revenue, and expenses accounts which strictly adheres to IFRS.
• Maintains and balances subsidiary accounts by verifying, allocating, posting, reconciling transactions, resolving discrepancies.
• Prepares Bank reconciliation and monthly payroll, assist in external audit by analyzing and scheduling general ledger accounts, providing information for auditors as may deem required.
• Supervision of Monthly Invoices from the Billing Department, reconciliation of Payment Certificates to various customers and vendors, and Inventory Audit.
• Preparation of Local and International Wire Transfers, Preparation and Presentation of the full cycle of Letter of Credits/ Issuance of Tender Bonds/ Assignment of Proceeds/ and other undertakings.
• Secures financial information by completing database backups on a daily basis. Protects organization's value by keeping information confidential. Perform other duties as requested by the Top Management of the Company.
Preparation of Bank Reconciliation, Entrust with the Daily Collection of Cash and Checks and Deposits, Handles Petty Cash Fund of the Company and replenishments, Preparation of Cash Flow Statements, Maintenance of Cash and Check Book and Cash and Check Disbursement Books, updates Aging of Accounts Receivable in SAP, overseeing and undertaking of all functions of Accounts Payables and recording of orders and receipt in SAP, Preparation of Monthly Payroll to Employees, In-charge in updating Statement of Account of the Company to Customers, Supervision and preparation of Annual Inventory, Process entry for Inventory adjustment & Sales returns.
As Additional scope of work in Sales I handle approval & processing of Sales Orders(using BAAN5 SYSTEM), process Product replenishments and Credit returns, In-charge and update the Market price Matrix (base from Cost price versus Retail Price), Prepares Material Production, Prepares Documentation for the Air and Cargo Shipments as well as requirements in Customs & Ports. Additional HR Functions : Provides recruitment and selection services as required, facilitate testing to applicants, Maintains and Update 201 Files.
Manage of the overall Maintenance Facilities and the upkeep of the Project Site, Implement and Monitor Associations By - Laws, House Rules and Regulations as well as Deed of restrictions from the Developer, Prepares Memorandum for Construction Guidelines and violation notice to Contractors, Relay problems, comments, suggestions from the Homeowners to the Associations Board of Directors, Formulates and Implement Collection Efficiency strategies, Events Coordinator, In-charge for the Information dissemination on issues and programs concerning community project through Circular Letters, Presides Monthly Meeting of Board of Directors of the Homeowners Associations, Prepares Board Resolutions and Minutes of Meetings, Process renewal of Business Permits and Licenses, Handles 40 Security Guards for 9 phases in the project site and Maintenance personnel.
Prepares Monthly Financial Statement and schedules such as Balance Sheet, Income Statement and Working Trial Balance, Handles Cash Accountings such as Petty Cash fund and Schedule of Replenishments, Daily Collection of HOA Dues and daily deposits, Prepares weekly cash position report and Cash Flow Statement, Prepares Monthly Bank Reconciliation, Handles Accounts Receivable Aging and Accounts Payables, In-charge in maintenance of Cash & Check Receipts Books and Disbursements Book, Handles Payroll, preparation of Annual Budget and Variance Analysis and Capital Expenditures (CAPEX), Prepares SSS (Social Security System) Employees Contributions, Expanded Withholding Tax to contractors, Quarterly and Annual Income tax Return(form 1702Q & 1702), and Process for the Registration of Books of Accounts to Bureau of Internal Revenue, Aside from this I am in-charge to update and prepares Monthly Statement of Accounts to almost 600 Units in the Site and In-charge for the collection of their Monthly Utility Bills for Electricity & Water.
Handles Accounts Receivables & Payables, Asset Tagging and Employees Accountability file, Conducts weekly Inventory(physical count for Chilled and dairy products), Monthly Schedules of Accruals, Prepares Monthly Schedules of Input & Output VAT(Value Added Tax), Conduct Spot Audit and prepares initial Audit report, responsible for encoding of financial data Entry using ORACLE System, Responsible for record keeping of Accounting files.
85 Percent
GPA : 95 percent Awarded: Best in English and Math