finance manager
Al Khoory Group
Total years of experience :16 years, 8 Months
1. Handling day to day banking operations
2. Liaising with bank for facilities and arrangement of funds based on requirement.
3. Managing accounting of 13 branches (UAE, Oman & Qatar) with a team of 13 accountants, team consist of semi qualified, experienced and freshers.
4. Reporting to Board of Directors on timely basis.
5. Providing clarification to Group Internal auditor on observation raised by internal auditor.
6. Coordinating and providing information to statutory auditors for timely completion of statutory audit.
7. Preparing the financial statements like P&L, Balance Sheet and Cash Flows, maintaining MIS reports like revenue and expense (category wise, region wise, product wise, salesperson wise, entity wise, division wise),
8. Accounts receivable, purchase, accounts payable, sales vs. realization, purchase vs. payments
9. Preparation and distribution of group common expenses monthly, quarterly & yearly.
10. Variance analysis between budgeted cost & actual cost and reporting the reasons & solutions to top management.
11. Performing BEP analysis of each business segment, ensuring the financial reporting is of high quality and meets applicable accounting principles and regulations
12. Leading the preparation of SOP (Standard Operating Procedure) for each process and process documentation Collaborating with the auditors and getting the accounts audited,
13. Opening the Letter of Credit, Trust Receipt, documents to Suppliers for the purchase of Inventory
14. Co-operating with other departments like, admin, logistics, legal, sales and marketing for the finance & accounts related issues to ensure smooth functioning of company as a whole.
15. Active member in VAT implementation team for group. Resolving day to day VAT issues in consultation with VAT manager.
• Preparing audit plan for client
• Understanding entity’s process flows and analysis of design and effectiveness of various internal controls implemented by the entity.
• Verifying related documents for the audit and also ensuring that all transactions are complied with IFRS and UAE Laws
• Preparation of financial statements in accordance with International Financial Reporting Standards (IFRS)
• Preparing analysis on the financial statements and reporting to management
• Group audit and Consolidation of financial reports of concern in the region
• Responsible for the analysis on Budget and Accounts. Also responsible for the variance analysis of budget with actual
• Responsible for the preparation of Business valuation and due diligence.
• Accounting:
Preparation of Final Accounts and application of Accounting Standards. Preparation of Budgets. Preparing Vouchers, Maintaining Accounting ledger in SAP, ledger verification, Scrutiny of Debtors, Creditors & General Ledger, Physical verification of Inventory, calculation and finalization of the deferred tax asset/ deferred tax liability.
• Auditing:
Coordination with External Auditors
Responsible for internal control / audit of Advertisement and Sales Promotion Expenditure.
• MIS:
Preparation of MIS for Advertisement and Sales related Expenditure on Monthly / Quarterly / Yearly basis.
• IncomeTax:
Filling and preparing TDS returns of UNITED SPIRITS LIMITED
• Verification of Balance sheet items and preparation of Financial Statements.
• Headed audit teams for Audit assignments of business across diverse industries.
• Physical verification of Inventories and Fixed Assets.
• Engaged in preparation and filing of Income Tax Returns.
• Engaged in Statutory (Indian GAAP) and Tax Audit u/s 44AB of the Income Tax Act.
• Establishing good relationships with clients dealt.
• Ensuring self-development through continuous training and learning.
• Preparation of vouchers, Maintaining ledgers.
• Maintaining Debtors and Creditors ledgers.
• Preparation of salary statements and disbursment of funds on timely basis.
• Payment of Travelling and Conveyance funds to employees after due verification of bills and tickets.
• Internal Audit
Chartered Accountant, B.Com - Cerification in -General Managemet and Communication Skills