Head of Finance & Accounting
Shield Protective Solutions Co. Ltd (Part of Shield Security Services Ltd (UK)
Total des années d'expérience :25 years, 3 Mois
Responsibilities:
• Provide leadership role in future planning and effective daily life of the organization and related corporate activities including, business planning, policy making, financial forecasting, strategic decisions, and continuous improvement disciplines.
• Manage company's financial affairs from a strategic perspective, financial control aspects and liquidity. Maintain effective stakeholder communication and engagement throughout.
• Create comprehensive annul budget (Revenue/Cost/Opex/Capex), manage, and track actual vs budget with variance and exception analysis. Oversee all fiscal reporting (Balance Sheet, Income Statement, Cash Flow, Partners Account, Shareholders Equity etc.) within the company to ensure financial resilience.
• Maintaining steady cash flow for Company and ensuring fund availability by effectively managing treasury operations, accomplishing cash collection targets, and negotiating with banks and financial institutions for obtaining adequate credit facilities at attractive rates, if required.
• Taking all reasonable measure to control Costs, including contract pricing and re-pricing.
• Managing VAT and Income Tax best practices and ensure that the organization complies with all legal and statutory requirements Manage Internal & External Audit functions.
• Maintaining strong relationships and governance with banks.
• Negotiate financing deals including customer service contracts and credit terms with supply partners.
• Participating in Mergers and Acquisition.
• Provide support in ERP Implementations.
• Oversee all day-to-day Accounting and Finance functions.
Highlights and Achievements:
• Monitored and directed the execution of accounting and finance operations for over USD 100 million in a year.
• Led the transition to a paperless practice by implementing ERP that reduced the cost of labor by 40%, and operational overhead expenses by 15%.
• Reduced vendor claims by 25% by proposing and negotiating pricing and credit terms.
• Integrated a large FMS acquisition adding 30% more in revenue and growing additional net profit by 5%.
Responsibilities:
✓ Assess and advise stakeholders on profit-maximizing ideas based on the financial health of the organization.
✓ Prepare financial statements, business activity reports, and forecasts including financial reports, direct investment activities, strategies and plans for the long-term financial goals of the Organization.
✓ Evaluate and present financial reports to board members, stakeholders, executives, and clients in formal meetings to enable effective decision making.
✓ Interact with the banks on company related issues and ensure availability of funds for the future and existing business ventures of the organization.
✓ Follow up with the concerned stakeholders maintaining financial details in compliance to statutory and legal requirements.
✓ Assess company financial reports and focus on optimizing costs in coordination with the senior management.
✓ Develop and rollout strategies to minimizing potential financial risk to the company.
✓ Identify opportunities for expansion or for acquiring other companies based on evaluated market trends.
✓ Maintain updated knowledge technological advances and accounting software to be used for financial purposes.
✓ Acquaint team members with financial policies and procedures for the company including financial regulations and legislation.
✓ Manage day-to-day financial operations within the company, such as payroll, invoicing, Tax filing and other transactions.
✓ Guide the HR, Procurement and Logistics to ensure compliance with standards, local regulations, Group policies and internal guidelines.
✓ Negotiate contracts with external services for auditing, banking, investments, and other financial needs.
Highlights and Achievements:
• Monitored and directed the execution of accounting and finance operations for over AED 250 million in a year.
• Execution of financial duties - Prepared financial statements, and forecasts for the business to ensure financial stability. Budgets, income statements, balance sheets, and any ad hoc/exceptional reports required by Group Finance Manager. Compiling financial reports and supervising month-end closing processes.
• Worked as a Core Team Leader for Finance Module in course of SAP/R3 achieved successful implementation for BMTC Group in April 2011.
• Contributed as the Functional Team Leader and Trainer for Sales, Purchase, Inventory and Finance Module in SAP/B1 successful implementation in October 2007.
• Played a key role in the implementation of Tally ERP Ver.9 for MS STEFANO DALL'OSSO, Middle East in Feb 2012.
• Assigned additional charge by Bahri & Mazroei Group to setup from scratch & manage Ateis ME Accounts and Finance from May 2006 - Apr 2010
• Actively involved in projects like Burj Khalifa, The Address Hotel, Dubai Mall, Atlantis at Palm Jumeirah, Shoreline Apartments, Madinat Jumeirah, Midriff City Centre, Dubai Metro, and Ibn Battuta Mall etc.
Responsibilities:
✓ Guided business leaders and multifunctional team members in effectively implementing financial decisions.
✓ Maintained organizational cash flow and coordinated with the banks based on financial requirements of the organization.
✓ Coordinated with the Sales, Marketing, and Supply Chain to support in managing the financial and commercial aspects of the business.
✓ Focused on managing financial management and control function
of the organization, including financial and regulatory reporting.
✓ Interacted with the auditors with regards to timely and smooth completion of the audit, preparation and reconciliation of all monthly financial statements, budgets, and forecasts.
✓ Involved in planning and analysis, budgeting, forecasting, strategy, and funding.
✓ Managed day to day accounting processes, guided Accountants and Senior Accountants in ensuring compliance with accounting standards, local regulations, Group policies and internal guidelines.
✓ Assisted the Head of Finance in creating, monitoring, and updating financial related policies and procedures.
✓ Evaluated and interpreted monthly results and coordinated with functional groups to determine future exposures against current benchmark.
✓ Prepared and presented commentary on variations to benchmarks for all Product Divisions.
✓ Monitored performance of the various product groups within the division, expenses (cost centers) and highlighted potential exposures to avoid overspending.
Highlights and Achievements:
• Monitored and directed the execution of accounting and finance operations for over AED 250 million in a year.
• Execution of financial duties - Prepared financial statements, and forecasts for the business to ensure financial stability. Budgets, income statements, balance sheets, and any ad hoc/exceptional reports required by Group Finance Manager. Compiling financial reports and supervising month-end closing processes.
• Worked as a Core Team Leader for Finance Module in course of SAP/R3 achieved successful implementation for BMTC Group in April 2011.
• Contributed as the Functional Team Leader and Trainer for Sales, Purchase, Inventory and Finance Module in SAP/B1 successful implementation in October 2007.
• Played a key role in the implementation of Tally ERP Ver.9 for MS STEFANO DALL'OSSO, Middle East in Feb 2012.
• Assigned additional charge by Bahri & Mazroei Group to setup from scratch & manage Ateis ME Accounts and Finance from May 2006 - Apr 2010
• Actively involved in projects like Burj Khalifa, The Address Hotel, Dubai Mall, Atlantis at Palm Jumeirah, Shoreline Apartments, Madinat Jumeirah, Midriff City Centre, Dubai Metro, and Ibn Battuta Mall etc.
Highlights and Achievements:
Manage all accounting transactions, handle monthly, quarterly, and annual closings, reconcile accounts payable, receivable, and banking transactions, prepare balance sheets and profit/loss statements.
Audit financial transactions and documents, Reinforce financial data confidentiality and conduct database backups. Managed Bookkeeping in Tally Accounting software.
The Association of Certified Public Accountants (CPA),
MBA in Financial Management, Year - 2010
Bachelor of Commerce (Accounts Honours.), Year - 1999