Finance Manager
Baghlaf Al Zafer Metal Industries
Total years of experience :12 years, 9 Months
Baghlaf Al Zafer Metal Industries was established in Sharjah in 1996 and one of the pioneers in the roofing and cladding industry. As a finance manager of a well established organization I am responsible for all functions of the Accounting and Finance department some of which, if not all, are:
- Reporting directly to CEO and responsible for leading the finance team of six executives
- Daily activities of company including finance and accounts up to finalization
- Preparing regular and ad hoc analysis reports to follow up the business performance
- Performing monthly reconciliation of actual income/expenses in statutory books to actual flows
- Reporting and following the business KPI's
- Managing working capital cycle to ensure the smooth flow of funds
- Review aging balances for all assigned accounts and escalate unresolved, unexplained, and aged items to the next level of supervision to ensure timely resolution
- Controlling of all the development projects and ensuring their viability, feasibility and actual monitoring of the related capital work in progress
- Supporting implementation of the financial planning and forecasting processes and adapt to changing business conditions and strategies, proactively support and influence the related business planning processes
- Preparation and analysis of financial statement and different reports required by management relating to invoices, purchases, revenue and expenses
- Supporting internal and external audits
- Dealing with company’s bankers, insurers and suppliers outside UAE
- Preparation and submission of company’s VAT returns according to local tax laws
- Handling Inventory, Account Payables, Receivables, reconciliation with customers and suppliers, Petty Cash, Cash Flow management etc.
- Assist with the development of the annual budget and quarterly forecasts in coordination with various business unit heads
- Analyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control
- Lead the development and participate in the implementation of financial policies and procedures.
- Ensure payments/commitments for capital and revenue expenses are in accordance with the approval limits and approved policies
- Ensure that an effective and efficient system of internal control is functioning well at all times.
- Review monthly payroll (WPS) and benefits for all staff
- Continuous liaison with IT team for improvement to SAP Business One System
- Maintenance of chart of accounts, asset master data, business partner master data maintenance
- Managing streamline processes in SAP Business One such as user maintenance, posting periods, approval procedures and managing authorizations
Stirling Star Management Consultants is an emerging consultancy firm in Middle East. Its services encompass all financial aspects of any business and its clients range from MNC’s to SME’s across multiple industries. I am currently handling consultancy’s major clients. I manage and supervise these clients from start to finish while maintaining highest standards of services and developing and maintaining a strong and long-term business relationship. I manage teams on these engagements efficiently to ensure maximum return. Services being rendered are, but not limited to, Business Feasibilities, Cash Flow Planning, Zero Based Budget Development, Accounting, Management Reporting, Statutory Financial Statements, Handling Statutory Audits on behalf of Clients and VAT.
In addition to responsibilities above, i also manage finance department of consultancy. Main functions within the ambit of this responsibility are timely recovery of receivables, efficient cash management, management reporting and analysis, bank matters etc.
Based in the head office of MGI, my position covered a wide spectrum of responsibilities. These responsibilities not only provided me a chance to assess and utilize my knowledge, abilities and skills in a vibrant way but also allowed me to polish my accounting and management skills and augmenting my knowledge of taxation and other corporate legislation.
Diverse experience in audit and assurance engagements, accounting assignments, tax consultancy and corporate filing under corporate laws and regulations. Carried out audits of many companies in varying industries including textile, engineering, consultancy, hospitals, manufacturing, services, education and construction sector that helped me to develop ability of understanding the business process, compilation and review of financial information and linkages of processes to financial transactions and application of IFRS. The consulting projects have provided an insight of business environments, business process understanding, project management and client interaction skills.
CERTIFIED MANAGEMENT ACCOUNTANT -Financial Reporting -Planning, Budgeting and Forecasting -Performance Management -Cost Management -Internal Controls -Financial Statement Analysis -Corporate Finance -Decision Analysis -Risk Management -Investment Decisions -Professional Ethics
-Journalism -Sociology -Persian
-Financial reporting and analysis -Financial management -Auditing -Costing -Business management