Finance Manager
Dubai Parks and Resorts (Contract Job- 11 mths)
Total years of experience :26 years, 7 Months
• Independently manage the General Ledger, Financial accounting and month end closing activities.
• Conduct GL review and analysis.
• Prepare Monthly P&L and Balance sheet schedules for the management.
• Monthly MIS reporting.
• Prepare business presentation slides and provide financial commentaries on the monthly MIS reporting.
• Attend monthly business review meetings.
• Oversee Accounts Payable and AR.
• Review of all Supplier, Intercompany and Bank reconciliations.
• Review of UAT VAT returns.
• Lead the internal and external audits.
• Manage the Annual Budgeting process.
• Support various operational dept.
• Manage the Financial Accounting and month end GL closing activities.
• Perform General Ledger review and analysis.
• Prepare monthly MIS reports to the management.
• Prepare monthly cash flow forecasts.
• Oversee Accounts Payable.
• Review UAE VAT Filings.
• Conduct GL, Supplier, Intercompany and Bank reconciliations.
• Handle the Annual Audit queries.
• Support the Annual Budgeting process.
• Support the Finance Director with implementation of Oracle Fusion ERP project.
• Review and provide comments on all new Vendor agreements/ Contracts. and Capex Purchase requisitions.
• Support the operation teams on various day to day issues.
• Manage Financial Accounting. Review month end closing activities and ensure proper controls.
• Manage & control Accounts Payables for Indian Sub-Continent.
• Manage the Accounts Receivables from the Oman Air General Sales Agents.
• Review various contracts/ agreements & provide requisite Finance comments.
• Support the Annual budgeting process. Monitor actuals against the budget.
• Manage the Treasury and Banking activities for all India operations.
• Prepare weekly repatriation of funds from India to the Oman Air head ofice for INR 1400 Crores p.a
• Generate monthly cash flow forecasts.
• Prepare monthly MIS reports.
• Prepare Payroll for India.
• Manage all the audit compliances/ queries.
• Manage reconciliation of all Creditors, and General Ledger accounts.
• Ensure all compliances w.r.t Indirect Tax towards GST payments, maintenance of records, liaising with authorities, GST audit and reconciliations.
• Monthly reconciliation of all Bank accounts.
• Reconcile the settlement of ticket sales proceeds by BSP and GSA's.
• Supervise complete India team of 9 staff.
• Manage the monthly closing, GL review & audit compliance of the business.
• Handle the annual budgeting of all the costs & income. Review of actuals v/s budgets.
• Develop cash flow forecasts for the treasury team & generate monthly variance analysis.
• Generate monthly MIS reports for higher management review & decision making.
• Review and analysis of GL accounts, Vendor, Liability accounts and Trial Balance.
• Manage all the Commercial and financial functions relating to Airport and Ground handling.
• Manage all vendor payments for USD 190 MN + related to Airport and Flight operations & Ground handling.
• Ensure appropriate process & controls of core Accounts Payable functions (Expenditure validation, Timely payments, Reporting requirements, etc.)
• Reconciliation of various GL a/c's, Creditors, Debtors a/c's, liability a/c's.
• Manage Accounts Receivables towards security services provided to various Airlines at network airports.
• Plan, strategize & support the operations of organic & inorganic growth of the company (Business process, optimization & automation, Productivity improvements, Budgetary controls & cost reduction)
• Streamlined various vendor contracts & saved costs for the airline.
• Work closely with operations on various projects to deliver cost eficiency to the bottom-line.
• Manage the Audit Compliance of the business.
• Manage a team of 5 staf; ensure proper controls, develop control procedures and SOP's.
• Manage the financial and management accounting related to aircraft inventory, new aircraft purchases, aircraft maintenance costs and various aircraft capex projects.
• Responsible for managing the accounting of Engineering inventory for AED 4 BN +
• Monthly closing of GL accounts and carried out annual budgeting for all costs and income.
• Handled the Audit Compliance of Engineering business operations.
• Managed the accounting of all material purchases for new B773ER and A380 aircrafts for AED 5 BN +
• Review, analyse and control various Engineering maintenance costs. Timely capitalization and amortization of all aircraft maintenance heavy C and D checks in the books.
• Independently handled various aircraft refurbishment projects for AED 3 BN
• Control and maintain the fixed asset register.
• Prepare various MIS reports highlighting cost trends, actuals v/s budget, maintenance cost & inventory per aircraft, on-going projects, etc.
• Provided management with detailed reviews & analysis of all aircraft maintenance costs, projects costs, and inventory which helped the airline minimize & save costs.
• Developed cash flow forecasts for EK Engineering for all new aircraft and aircraft capex projects for AED 5 BN+ p.a and generating monthly variance analysis.
• Identified the pain areas, developed a plan, and worked with the senior management and operations in developing various projects within Emirates which were previously outsourced leading to substantial savings of AED 60 MN+ to the bottom-line.
• Conduct vendor contract reconciliation which led to recovery of AED 11.7 MN.
• Conduct balance sheet and GL reconciliations which led to recovery of AED 1.2 MN from the vendor.
• Review of RFP's and support the purchasing function.
• Carrying out ERP system reviews for eficiency; raised fault requests, testing new patches, resolving system bugs developed new system reports & new interfaces to Oracle financials.
• Worked with various operational departments like Procurement, Projects, Contracts, Warranty & Planning, and Treasury on various projects and assignments.