Financial Controller (CFE, CIA,CFCS, CAMS,CCSA,Cert IFRS, COSO ERM, CICA, CRA, CFC, GRCP, GRCA, CMA)
Dormakaba
Total years of experience :15 years, 1 Months
Financial Planning & Control
• Lead the finance team in administering and controlling the finance department of assigned legal entities to optimize the company’s financial performance and strategic position.
• Partner with General Manager and Operational Managers in formulating strategic business plans in order to increase growth opportunities; assist General Manager in developing OF MTP plans.
• Direct and monitor all commercial activities of the company with focus on budgeting, forecasting and controlling; manage the commercial and legal aspects of a business deal.
• Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans for maintaining the financial health of the organization.
• Review and appraise the soundness, effectiveness, and proper application of accounting and financial controls, compliance procedures and controls, and timeliness of documentation generation.
Accounting Operations
• Monitor and analyze accounting data, oversee maintenance of accounting records for each transaction, verify accounting heads assigned to transactions and ensure appropriate preparation of general ledgers, trial balance and financial records.
• Develop, implement and maintain accounting and administrative policies and procedures for a wide-ranging set of activities including financial accounting and reporting.
• Instrumental in budgeting process as per DORMA approval matrix; manage the company budget and control income, cash flow and expenditure.
• Ensure that the credit policy is followed properly in SAP System and ensure complete adherence and compliance to the credit control policy. Manage and ensure monthly & annual VAT return submission and follow up withholding tax and Zakat.
Corporate Governance
• Ensure all entities and the employees in assigned legal entities operate and conduct business in compliance with applicable laws and regulations
• Ensure strict adherence with global organization principles, local policies and procedures and the company’s code of conduct.
Team/People Management
• Manage the ongoing development of professional capability of the finance team and the financial understanding of non-finance managers.
• Maintain close coordination with Regional Finance Director and the Regional Management Team for finance related activities and to ensure that the business is operating effectively and efficiently.
• Conduct internal and external audits in coordination with PwC, provide required financial information & data to auditors and assist in preparing detailed audit reports to highlight shortcomings in procedures.
Financial Analysis & Reporting
• Provide adequate risk management and ensure compliance with the evaluation, analysis, reporting and actions as per DORMA risk management strategy.
• Prepare financial and regulatory reports required by auditors and management; examine financial and legal documents to verify accuracy and adherence to financial regulations and acceptable financial principles.
• Perform a variety of advanced financial analyses to determine present and forecasted financial health of the company; present potential scenarios and outcomes to all internal stakeholders.
• Consistently ensure quality control over financial transactions and financial reporting; ensure that all financial transactions are properly recorded, filed, and reported.
• Drove the financial planning of the company by analyzing its performance and risks; set targets for and supervised all accounting and finance personnel.
• Prepared and maintained books of accounts, supervised monthly, quarterly and annual closing activities and reviewed general ledger on a monthly basis to ensure accuracy of posting.
• Consolidated monthly financial statements of the various entities of the region along with balance sheets, P&L statements for review with the CFO; reviewed and analyzed the Income Statement, Balance Sheet and Cash flow;
• Assisted the CFO in the preparation of annual budget, financial forecasts, cash flow forecasts and variance analysis; reported to management on variances from the established budget along with the reasons for those variances.
• Prepared monthly financial report, balance sheet, profit & loss statement and other reports to interpret current and projected company’s financial position.
• Analyzed financial performance against key business metrics and documented pertinent financial highlights that will enable management to determine progress against budgets.
• Participated in regional meetings and provided inputs on fiscal matters; instrumental in formulating financial policies for entities by providing the financial and other decision oriented information to the management.
• Provided financial reports and interpreted financial information to the senior management while recommending further courses of action; implemented strategic initiatives to continually improve the financial performance of the organization.
• Assisted auditors for successful execution of annual audits, provided required accounting and financial information and addressed queries raised during the audit execution.
• Supervised the preparation of Zakat and withholding tax; ensured compliance with Zakat and tax filings.
• Assisted the Finance Manager in handling a variety of fiscal and accounting functions related to areas such as general accounting, accounts payable, accounts receivable, payroll, auditing and financial reporting.
• Supervised all transactions in finance department, reviewed accounting data, verified transactions to assess the accuracy of journal entries, scrutinized income-expenses and supervised the closure of monthly books of accounts.
• Assisted in consolidating monthly financial statements, balance sheets and profit & loss statements for stakeholder and senior management review; handled accounting reconciliations, adjustments and rectifications.
• Performed centralized functions including financial reporting, variance analysis, payroll, overtime and other reports, while managing various cost centers.
• Developed and maintained an effective internal control system; implemented reporting procedures to comply with internal control requirements; supported internal control standards to ensure compliance with accounting policies and procedures.
• Evaluated the effectiveness of internal control system and procedures, listed any deficiencies in the current procedures, and offered solutions relevant to business and risk.
• Prepared compared ratio analysis (Liquidity, Leverage, Profitability, Activity, etc.) of the company for different periods and provided to senior management.
• Assisted senior management with effective decision making through usage of Cost-Volume-Profit (CVP) analysis; assisted CFO in evaluating investment alternatives with Discounted Cash Flow (DCF) methods using NPV, IRR and PI.
• Supervised the work of subordinate accountants and junior finance professionals; directed, monitored and evaluated staff work; coordinated professional development activities and implement corrective action as appropriate.
• Managed daily operations of the accounting department including month-end activities, AP/AR, general ledger, cash forecasting, treasury, budgeting, revenue and expenditure variance analysis, capital assets, fixed asset and debt activity, etc.
• Developed annual budget plans, monitored and analyzed budget patterns and compared them with actual cost; reviewed and analyzed variances against budget and business objectives.
• Performed complex general accounting functions, including account analysis and financials reconciliations; analyzed revenue and expenditure trends and provided recommendations to senior management.
• Analyzed key expenses in the organization including advertising, promotions, and other expenses; carried out cost saving analysis and provided recommendations for cost reduction and saving.
• Supervised the closure of daily and monthly books of accounts; provided timely explanations of variances between actual results and forecasts/budgets; provide corrective action recommendations to management, where necessary.
• Prepared and provided monthly internal financial reports, including Profit and Loss Statement, Balance Sheet and Statement of Cash Flows, as well as periodic reports to the management in a timely manner.
• Communicated credit limits to customers as per the credit policy of the company; ensured 100% adherence and compliance to the credit control policy; checked the payment voucher before payment.
• Coordinated with internal auditors for successful completion of audits and assisted in preparation of accurate yearly audit reports; produced quarterly and annual financial statements and ad hoc financial reports.
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