FINANCE MANAGER-PROPERTY MANAGEMENT & REAL ESTATE
Federal International Group
مجموع سنوات الخبرة :20 years, 11 أشهر
Led Group Consolidation and finalizing the books of accounts.
Established Chart of Accounts and accounts Grouping
Lead a team of 7 finance professionals, overseeing the day-to-day operations of the finance department.
Staff training and motivation, aligning with the overarching goal of achieving financial targets, goals, and mission.
Develop and implement financial strategies resulting in a 12.5% increase in company profitability.
Manage budgeting, forecasting, and financial reporting processes.
Conduct periodic reviews of budgetary processes and implement necessary measures to prevent adverse situations.
Ensure strict adherence to International Financial Reporting Standards (IFRS) and company policies.
Prepared comprehensive financial reports for internal and external stakeholders.
Collaborated with cross-functional teams to analyze business performance and implement corrective actions.
Conducted in-depth financial analysis, leading to an improvement in forecasting accuracy.
Meticulously oversee monthly closing procedures through a comprehensive checklist
Lead in the preparation of the annual activities calendar, encompassing:
• Budget Implementation
• Closing Procedures
• External Auditing
• Annual Reports to Stakeholders
Data clean-up and scrutiny processes, focusing on maintaining a high standard of accuracy.
Innovative approach for problem-solving and obstacle resolution
Updated company financial policies and procedures to enhance internal control over accounting and other management systems.
Utilizes various key metrics to analyze key performance indicators (KPIs) and proactively take mitigative actions to address potential pitfalls.
Executed year-end audits, working with external auditors to confirm clean financial audits and implementing any improvement suggestions promptly.
Supervise, Direct & review the works of subordinate staff such as Invoicing, Fixed Assets, Depreciation, Payroll, Utilities, Related Parties, Bank reconciliations, Accounts statements reconciliation, L/C, L.T.R, Sub Contractors payments Certificates, Cheque runs, Accounts receivable transactions and other day to day Accounting operations
Accounts Receivable / Payable Management & Revenue recognition
Scheduling the periodical receivables and maintaining the proper follow-ups with various clients
Initiate & Overview of month-end and year-end closing process
Year-end closing J/V’s, Work-in-Progress accounting, Ledger Scrutiny etc
Proper allocation of overheads to various cost centers, profit centers
Deftly liaising with Suppliers & Subcontractors for the payment related problems and ensure an uninterrupted operation on work progress and
material supply
Assisting in preparation of budget proposals for revenue, OPEX & CAPEX based on the strategic plan, present and future infrastructure of
the Company
Prepare & Monitor the budget vs actual on a periodic basis and report the variances to the top-level Management for review with suggestions
Maintaining the proper MIS according to the IFRS standards
Liaising with internal and external auditors for smooth audit activities
Accountable for setting up auditing policies
Accountable for maintaining and overseeing the department accounts, keeping records of accounts payable/receivable inventory control and petty cash payment in addition to performing bank reconciliation and monthly closing of accounts
Generated cash flow reports, effected stringent control on cash ledger, and statements of receivables. Followed up on collections
Scrutinized accuracy of accounting records maintained for transactions undertaken, reconciled accounts, debtors, creditors, and ledgers cordingly.
Coordinated and maintained inventory system, perform variance analysis, cost of sales reporting and cash transactions as well as executed various management reporting functions.
Established and analyzed cost of products utilizing inbuilt accounting programs/software, maintained analysis of potential new product prices, informed key decision-makers about the product pricing choices accordingly.
Carried out collection follow-up, sales commissions' calculation, and general ledger reconciliations, and recorded voucher entries.