Financial Controller
Tech Group
Total des années d'expérience :14 years, 0 Mois
Tech Group Pvt. JSC is a conglomerate of ten companies whose main activities included civil construction, MEP contracting, piling work, aluminum glass contracting, wood joinery, supply of ready mix, blocks, interlocks, cut and bent steel, diesel and fabricated steel, and maintenance workshop. Moreover the Group has its footprints in waste management, medical and real estate.
Key Achievements
i. Implementation of productivity based compensation on million dirhams payroll reducing the payroll by 5%.
ii. Establishment of project wise reporting structure to manage projects worth approximately half a billion dirhams.
iii. Expansion of banking credit lines by 20%.
Salient Responsibilities
i. Monitoring of project cost performance against budget.
ii. Managing overall and project wise cash flows.
iii. Management of accounting and reporting.
iv. Supervision of receivables management.
v. Review and monitoring of pending litigations.
vi. Managing control over inventory and assets.
vii. Managing banking facility lines.
viii. Consolidation of Group’s financial performance and position.
Key Achievements
i. Establishment of Internal Audit Function from scratch.
ii. Development and implementation of Group wide policies and procedures.
iii. Acted as functional champion in ERP implementation, MS Dynamics AX.
iv. Identification of frauds.
v. Successful implementation of VAT across the Group.
Salient Responsibilities
i. Risk assessment and development of risk based audit plan.
ii. Leading team of auditors for successful execution of Group wide audit and consultancy engagements (financial, operational and compliance).
iii. Enabling and ensuring process improvements in areas of control gaps identified during process audits.
iv. Regular follow ups of implementation of action plans with the use of automated audit findings tracker.
v. Discussing audit reports with the business unit management to agree upon improvement actions against identified risks and audit findings.
vi. Presentation of audit reports and progress to the audit committee.
vii. Identification need for process change and process re-engineering.
viii. Ensuring compliance and implementation of Group policies and SOPs across the Group.
ix. Pre-audit of payments vouchers and purchase orders.
x. Leading change management.
Saudi Bin Ladin Group is the renowned multinational construction conglomerate based in Jeddah. It is regarded as one of the leading construction giants worldwide.
Salient Responsibilities
i. Consolidation of project data from sites and other departments including commercial department, studies department and finance department.
ii. Preparation of various project control reports for management review including:
Budget vs actual cost variance report Budget vs actual cash flow report Project cash flow forecast
Cash flow forecast for the division Sensitivity analysis Analysis of cost components of project
iii. Review and approval of projects’ payment vouchers.
iv. Raising budget control notices where project expenses exceed budgets.
v. Audit of project expenses as and when required by the management.
vi. Part of ERP (Oracle) implementation team as Cost Control Champion.
City University College of Ajman is one of leading university of northern emirates. It offers both undergraduate and post graduate programs in diverse disciplines.
Key Achievements
i. Acted as lead functional for in-house ERP development and report customization (University Management System).
ii. Automation of fee collection and cheque handling.
Salient Responsibilities
i. Managing the accounts function.
ii. Student facilitation in fee related issues.
iii. Dealing with banks and suppliers.
iv. Preparation and monitoring of budgets.
v. Preparation of feasibilities for new programs.
vi. Liaison with internal and external auditors.
vii. Liaison with other departments including HR, student facilitation, registration department.
viii. Assisting Financial Controller in preparation of management reports as per management requirement.
ix. Receivables and PDC management.
x. Financial Management.
• Managing the assignments single handedly.
• Performing financial audits, reviews, and other assurance services for the client.
• Keeping communication flow with the client.
• Designing audit strategies and audit planning for each client.
• Attending meetings with companies’ directors regarding audit planning and material issues concerning accounting practices in the organizations.
• Developing understanding of applicable laws and regulations for audit clients to ensure their compliance.
• Evaluation of the entity’s controls, recommending the rectification of the deficiencies found
• Evaluation of financial reporting in light of International Financial Reporting Standards (IFRSs).
• Finalizing the financial statements/accounts
• Consolidation of group financial statements of complex groups
• ERP implementation.
• Supervising other auditor’s working papers and audit files.
• Monitoring and controlling the on-going assignments carried out by the team as a whole.
• Reviewing the assignments executed by the other auditors.
• Managing and ensuring the achievement of monthly budgeted revenue by individual auditor as well as for the team as a whole.
• Allocation and management of team members between different assignments carried out by the group.
• Ensuring timely completion of assignments by other auditors.
• Attending new client inquiries and attending meetings with the prospective clients.
Identify risk matters and present;
Produce reports highlighting issues and providing potential solutions;
Active engagement with senior staff to gain a good understanding of the business;
Supervise, coach and develop junior members of staff within teams;
Ensure compliance with internal (audit methodology and risk management) and external (regulatory) requirements;
Reviewing the work of other auditors;
Preparation of financial statements as per legal requirements and requirements of International Financial Reporting Standards (IFRSs);
Time management to deliver the assigned jobs on time.
CIA