Accounts Manager
Oscar International Constructions
مجموع سنوات الخبرة :8 years, 5 أشهر
Role Across the Tenure:
• Planned and executed monthly / quarterly / annual closure schedules; provided monthly financial statements; administered the monthly closing process
• Ensured reclassification and accounting of wrong or unaccounted entries prior to closure of the General Ledger
• Prepared and explained monthly/ quarterly profit & loss projections; established product line profit & loss statements to identify opportunities and risks
• Worked with the Finance Controller in the preparation of annual budgets, monthly forecasts, and strategic plans
• Prepared and presented weekly and monthly management reports on cost and benefit analysis, productivity analysis, inventory turnover analysis and cost variance analysis
• Supervised the annual audit and coordinated audit schedules ? Reviewed financial statements and results; undertook year-on-year and quarterly comparison of company performance both in terms of the top line and bottom line
• Reviewed, investigated, and corrected errors and inconsistencies in financial entries and documents that led to transparency in reporting to internal and external stakeholders
• Ensured compliance with applicable policies, contracts and regulations ? Undertook and analysed quarterly fluctuations in Balance Sheet Accounts; conducted root cause analysis of accounts having major fluctuations on a quarterly basis
• Reviewed Balance Sheet accounts and Profit & Loss accounts at unit level; ensured integrity of all reported financial statements
• Guided the accounting department in creating reports and financial statements to be presented at annual meetings
• Worked with other departments, helping them balance their budget and meet goals
• Documented and maintained reports related to cash flow and presented them to regulatory authorities
• Developed and maintained operational systems for all finance & accounting functions
• Collaborated extensively with auditors during preliminary and year-end audit processes
• Liaised with external auditors to efficiently manage the audit cycle
• Developed rolling forecasts for cash flow, profit & loss projections for review by management; undertook risk and return analysis, sensitivity analysis for the short and long term
• Assisted in the development of annual and long-range plans that linked business strategies to operational plans and the expected range of financial results
• Monitored key performance indicators, operational performance indicators, strategic initiatives, risk scenarios and business plans for the Finance Department
• Prepared and reviewed the job cost, phases and cost code with estimated of the job profitability or expenses report
• Performed due diligence on projects and operational disbursements
• Liaising with the Sales Department in managing sales operations and resolving issues with customers aimed at maintaining organizational profitability
• Communicating with stockholders and other investors to provide information
• Making decisions and solving problems; analyzing information and evaluating results to choose the best solution and solve problems
Highlights:
• Supported the conduct of internal and external audits by providing information and answers to auditors
• Designed and implemented two separate management reporting packs using spreadsheets (Excel) and general ledger ( Flow Charts)
• Evaluated percentage on Cost of Sale, Gross profit, Net income, return on total asset, net worth, current assets, liabilities and inventory turnover
• Established procedures for recording of capital expenditure and accounts payable to enable more effective control
• Introduced new reconciliations at transaction level that helped in reducing suspense items
• Brought in greater financial control by establishing balance sheet and cash flow forecasting models
• Negotiated with the bank for restructuring of the term loan; this included waiver of interest and sacrifice of principal
• Improved the timeliness of month-end financial reporting
• Implemented cash controls to monitor cash flow, resulting in improved cash utilization and interest spread
Chartered Accountant
Bachelor of Commerce (Accounting)