Finance Director
United Naghi Group
مجموع سنوات الخبرة :32 years, 3 أشهر
accurate financial information and implement local controls; to provide business analysis to assist regional profit and loss and cash flow.
•Reviewing opening of LC’s, Refinancing, Post financing. Participating in the negotiation of facilities with the banks.
•Provide analysis of performance reports of the business across all key metrics and functions with the ability to identify issues and corrective actions.
•Develop management accounting to support the business; including variance analysis, KPI reporting, cash flow management, trends and benchmarking.
•Responsible for inventory and debt management process to optimize working capital and maximize cash flow.
•Develop and maintain sound business practices and introduction of controls necessary to protect the company’s assets and interests.
•Develop and manage planning cycles and long range plan and budget.
•Direct the division Managers in providing, implementing and enforcing policies and procedures, and in providing and maintaining computer application systems necessary to maintain proper records and to afford adequate accounting controls.
•Serves as custodian of funds and assets of the group
•Coordinates tax reporting programs (ZAKAT& VAT) and interfaces with external auditors
•Participate in the development of the group’s plans and programs as a strategic partner.
•Preparing financial projections and related Information Memorandum for starting-up new business or extensions.
•Preparing financial modeling for scenario/sensitivity analyses that are utilized by management to take decisions and actions to enhance the market share of the group.
Hoshan Office Automation is a Saudi-based company The Company is one of the leading players in the office automation field, and in many of its Products, it is ‘the undisputed market leader’.
Executive and Technical Duties:
•Providing financial reports to the CFO quarterly and annually and upon request, and maintaining all records in a form appropriate for audit administration.
•Managing and implementing accountancy controls and procedures resulting in cost reductions.
•Participating in financial planning, budgetary allocation and control in coordination with the CFO and other concerned subsidiary Units.
•Capital management to assess the capital requirement and to determine the cost & return on capital. Planning and control of capital expenditures.
•Establishing contact with prospective investment targets and work autonomously on all associated tasks.
•Administered the corporate financial reporting system (ERP- BaaN).
•Preparing financial projections and related Information Memorandum for starting-up new business or extensions in the same field of Hoshan Group and its subsidiary companies.
•Preparing financial modeling for scenario/sensitivity analyses that are utilized by management to take decisions and actions to enhance the market share of the group.
•Participating, suggesting suitable improvements of internal management information, and reporting systems to enhance and facilitate these activities within the Finance department.
•Conducting special studies to analyze complex financial actions and preparing recommendations for policy, procedures, control or action.
•Providing interpretation of financial policies, governmental legislation, accounting theory or customer financial regulations.
•Analyzing financial information to determine present and future financial performance.
•Identifying trends and recommending improvements accordingly, evaluating complex profit plans, operating records, and analyses in areas such as budgets, forecasts, financial plans, governmental requirements, statistical reports, cash flow projections and business forecasts
•Interpreting and applying corporate financial policies, government legislation and accounting theory.
•Providing the Group Financial Controller with timely reviews of Hoshan Groups financial status and progress in its various programs and activities.
•Prepare the annual zakat calculation.
•Supervise the annual audits (internal and external). Finalization of Audit with one of the ‘Big 4’ - Ernst & Young.
•Improved existing processes and streamline workflows.
•Managed intercompany processes and monitored KPIs.
Jharkhand (India)
Responsibilities:
•Prepared monthly management accounts and performed general ledger reconciliations.
•Working capital management to have a satisfactory level of working capital to ensure efficient liquidity of the company.
•Prepared weekly and monthly payroll, annual returns under companies Act of 1956 & I.T Act of 1961.
•Prepared reports summarizing the forecast company business activity and financial position.
•Determined depreciation rates to apply to capital assets.
•Supervised employees in the Finance and Administration Department and was responsible for the overall direction, coordination and evaluation of this unit.
•Coordinated the preparation of year-end statutory accounts and tax return.
•Established and maintained relations with banks and other financial institutions.
•Prepared reports required by regulatory agencies and arranged for audits of company accounts.
(Reporting to Manager Accounts)
J.K.Tyre (Banmore)
Madhya Pradesh (India)
Responsibilities:
•Responsible for knowing critical functions within the department and mentoring and assisting employees within the department.
•Utilized teamwork to develop departmental synergy.
•Monitors compliance with generally accepted accounting principles (GAAP) and company procedures.
•Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
•Assured compliance with central, state, local and corporate policies, regulations and laws.
•Reviewed accounts payables and weekly check runs.
•Maintained proper handling of financial transactions and approved transactions within designated limits.
•Compiled and analyzed financial information to prepare entries to general ledger accounts; cost centers and documents business transactions.
•Maintained timely distribution of financial statements and cost center reports with comparative reports.
•Prepared work papers and supporting schedules for the annual financial review.
Staff management and development.
•Analyzed transactional processes and identify areas where additional accuracies and efficiencies can be achieved.
•Closely maintained and monitored the fixed assets system.
•Adhered to internal and external deadlines.
•Applied cost accounting methods to achieve accurate representation of cost center performance.
•Responsible for holding manufacturing plant management accountable for accuracy and timeliness of inventory controls and cost controls.
•Assist with annual budgets - prepares all allocations.
•Coordinate monthly closing process and reconciliation of general ledger accounts.
•Responsible for all taxes and duties obligations.
•Supported the Company’s mission, vision, values and goals in the performance of daily activities.
•Develop and implement various accounting procedures.
•Preparation of the monthly statutory accounts and consolidated financial statements under GAAP and IFRS.
•Worked with both internal and external auditors during financial and operational audits.
•Maintained system of accounts and kept records on all companies’ transactions and assets.
•Reported, analyzed, and ensured integrity of all financial information.
in the preparation of reports for management covering audit activities along with results and recommendations.
•Conduct audits in timely manner as per internal quality standards.
•Understanding & ensuring compliance & regulatory guidelines & risk framework.
•Executes audit activities including risk assessment, Audit programs and test procedures with appropriate supervision.
•Coordination, control, data management of retail products.
•Updating & modifications of Credit systems.
•Coordination with Business Intelligence Unit for getting different analysis on portfolio parameters.
•Data management - central point for all business & portfolio related data.
•Under taking projects & initiatives for process re-engineering.
books of accounts.
•Recording transaction and posting all entries on time.
•Preparing Bank reconciliation statements.
a firm to conduct audit of various organization. Was part of Statutory Audit team which audited almost most of the big companies owned under BIRLA Group, J.K. Group and others in India. Like OCM, Digjam, Grasim, Vikram cement, J.K. Tyres, Times Of India, Hershal Paper Ltd, M.P. Iron & Steel etc.
Chartered Accountants