FINANCE CONTROLLER
POWERMAX TRADING LLC
مجموع سنوات الخبرة :10 years, 3 أشهر
Working as an FINANCE CONTROLLER in DELTA GROUP OF COMPANIES which is engaged in Manufacturing and Trading of Cable management support systems, Wiring accessories, switches, sockets, Extension Cords, Cable laying equipment’s (Winches, Trailers, Rollers & other accessories), Earthing and Lightning protection system Etc. having presence in UAE, OMAN and QATAR, The group comprises of the following companies
The Scope of Works Includes
RECORDING REPORTING AND RECONCILIATION
Lead, supervise, Monitor performance and provide guidance /training the Accounts & Finance team in daily operations.
Develop and maintain SOP’s, internal control and effective accounting system and policies.
Review and validate Sales ledger, Pending DO list, customer ageing and overdue reports and PDC received list, hold, cancelled and bounce cheque reports
GRN Costing of goods received and arrive at landed cost base on PO and Invoice term FOB, CFR, CIF etc.
Review of Commercial documents for all international payments, like proforma invoice, COO, marine insurance and Bill of lading etc.,
Processing of purchase Invoice and Creditors payment after due verification of supporting documents (PO, DO, MRN, Invoices)
Coordinate with Bank relationship manager for LC negotiations and discounting, OD, BG, International fund transfer etc.
Review of Fixed assets register and proper classification of additional of new asset and calculation of depreciation, accumulated dep. as per the respective country Tax laws.
Review and process the monthly Payrolls, after adjusting any advance, deduction etc.
Review of Monthly Provision for Leave salary, gratuity air ticket allowance, and processing of annual leave and final settlement.
Preparation of Monthly BRS and intercompany reconciliation
Preparation of Financial statement as per IFRS compliance, and monthly and yearly closure of books of accounts
Review the ERP system to ensure accuracy of information. Ensure reconciliation of ledgers with underlying data. Design and suggest plans for improvement of ERP
STATURORY COMPLIANCE
Ensure full compliance with VAT, corporate tax, customs regulations, and all other applicable legal compliances.
Register company under VAT law, Calculation filing and payment of vat liability for UAE, Oman and Qatar companies
Liaison with auditor for preparation of working document and get the ICV certification for various companies.
Liaison with auditor for ESR assessment and preparation of ESR report
Coordinate with auditor for completion of timely audit and filing of corporate tax for OMAN and Qatar companies.
Filling of Ultimate beneficial owner for various companies
Application of duty exemption certificate for import of good for industrial input
Preparation of Commercial invoice and Certificate of origin for export outside UAE
BUDGETING AND ANALYSIS
Calculation of Break-even tonnage for Factory and review and update timely.
Calculation of Break-even Sales in value and quantity location wise and reporting to Management
Analyze costs, pricing, variable contributions, sales results and the Company’s performance vs. business plans.
Develop trends and projections for the Company’s finances and budgets.
Preparation of Monthly and Quarterly Budgeted fund requirement statement
Calculation and review of cost analysis of various companies suggest the measure to reduce the Overhead cost.
Preparation of Monthly MIS for Management review, Group Sales Report, Production reports, consumption reports, Tonnage reports, Comparative analysis category wise, location wise etc.
Do Quarterly and yearly stock audit and identify the variance and do necessary adjustments.
SUCCESSFULL IMPLEMENTATION OF EPICOR EPR IN ENTIRE UAE DIVISION, AR, AP, Fixed Asset and Cash management modules
Worked as a FINANCE MANAGER in AMAYRA PERFUMES TRADING (UAE) a division of AJMAL
GROUP OF COMPANIES, UAE which is engage in the Retail & whole sale Trading and Manufacturing of MAKKAJ perfumes a fragrance from Holy Makkah,
The scope of work includes: -
RECORDING REPORTING AND RECONCILIATION
Re-costing of Goods received from HO KSA, after taking into consideration freight, insurance and other cost.
GRN Costing of goods received and recording of Purchases.
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Preparation of Debtors ageing report and follow up for the same with the respective area head.
Processing of Invoice and Creditors payment after 3 ways matching process
Preparation of Fixed assets schedule and calculation of depreciation, accumulated depreciation and pass necessary entries.
calculation of Monthly Provision for Leave salary, gratuity and pass necessary JVs.
Preparation of Monthly BRS and credit card sale and intercompany reconciliation.
Preparation of Financial statement as per GAAP,
Monthly closure of books of accounts and send it to Head office for consolidation.
STATURORY COMPLIANCE
Register company under VAT law as per Federal Tax Authority
Calculation of Input VAT, Output VAT and VAT payable
Payment of VAT due and Filing of VAT return
Processing of Salary thru WPS
Registration of product with Dubai municipality, ESMA registration etc.
Obtaining the CITES certificate from MOCCAE, for import of goods,
Coordinating with Auditor for queries and providing the required information as requested.
BUDGETING AND ANALYSIS
Preparation of Yearly financial budget as per the input from HO
Preparation of Monthly and Quarterly Budgeted fund requirement statement
Calculation of Break-even Sales in value and quantity location wise and reporting to Management
Preparation of Budgeted Revenue, expenses, manpower requirement, Profit and loss and Balance sheet of New and proposed shops
Setting of Target sales for Shop and respective sale person category wise, and preparation of MIS on Target Achievement and do variance analysis between Target and actuals,
Compilation of Quarterly stock variance report and make necessary adjustments.
Preparation of other ad hoc reports and other duties as impose by management from time to time.
Working as an Assistant Manager in GENPACT INDIA PVT LTD. Which is one of the leading BPO industry in India. The company offer various vertical activities to its clients, which include banking and finance services, insurance services, capital markets, consumer product goods service, life science and pharmaceutical services, infrastructure and manufacturing service, In addition to this vertical activities, Genpact also offers finance and accounting (F&A) services, analytics and research, business consulting services, enterprise risk consulting, supply change and procurement services, enterprise application service, IT management service and collection and customer services.
Process - R2R - Lease Accounting - North America
The Scope of work includes:
Recording of Monthly base rent and percent rent.
Setting up new lease, change of ownership, temporary close and permanent closure of stores in to the client system.
Do the Profit and loss check for each store monthly as per the statutory norms
Verify sales between POS and MSIS and find out the sales difference of each stores
Prepare sales adjustment as per the sales differences
Preparation of Bank Reconciliation statements
Monthly On Account reconciliations
Ageing statement of debtors and follow up with overdue debtors
Handling Month end closing Activates
is engage in the Retail & whole sale Trading and Manufacturing of Men and ladies shoes, bags and accessories, with around 28 retail outlet in entire UAE and OMAN, the scope of work includes:
•Prepare, analyze and report weekly, monthly, quarterly gross margin analysis by brand by shop.
•GRN Costing of good received and item code creation base on LPOs and Invoice
•Tracking of all LTOs (location transfer out) and LTIs between shops and to and from warehouse.
•Physical verification of Inventory at various retail outlet and warehouse
•Preparation of Stock audit report and reporting to finance manager
•Determination of sales price based on gross margin decided by management
•Sales Confirmation after reconciliation between POS and ORION ERP
•Solving operational related issues
•Calculation of Sales staff commission and over time.
•Calculation of Gratuity, leave salary, and final settlement
•Preparation, maintenance and disbursement of Petty cash of showrooms
•Preparation of Ageing Statement of Debtors and Creditors
•Processing of Invoice and Creditors payment after 3 ways matching process
•Preparation of Bank Reconciliation Statement and Cash on hand reconciliation and credit card sale reconciliation shop wise
•Preparation of Draft Trail Balance, Profit and loss accounts, Balance sheet and schedules forming part of Balance sheet
•Preparation of Quarterly and Yearly Budgets and MIS for higher management.
•Assist in month-end closing activities and pass journal entries as necessary.
•Preparation of other ad hoc reports and other duties as impose by management from time to time
•Full fledge Working knowledge of ORION (ERP SYSTEM)
Chartered Accountant from ICAI
courses: Bachelor of Commerce