Financial Analyst
Tarsheed (Out Sourced by Proven)
Total years of experience :23 years, 2 Months
1- Manage forecasting and close processes (monthly, quarterly, and annual forecasts)
2- Provide necessary inputs into the implementation of business plans and strategies for the fulfilment of department goals.
3- Analyze variances between various models vs. actual company performance
4- Drive standardization and automation of Expense reporting processes
5- Provide in depth performance analysis for various revenue streams against plan, forecast and prior year
6- Assemble quarterly reporting on financial outputs, insights, and progress of the organization.
7- Build and maintain strong collaborative relationships with functional leaders and teams across the business
8- Support Infrastructure Departments in finance matters including budgeting, forecasting.
9- Analyze, review and challenge business units’ forecast assumptions.
10- Monitor business performance against KPIs and strategic plans.
11- Objectively assess and monitor the Operational, Business and IT Processes.
12- Assess the Company’s risks and mitigation plan.
13- Evaluate existing Internal Controls and make recommendation on how to improve.
14- Plan, design, create and implement the systems required to the relevant stakeholders Audit department including time system, follow-up system, lessons learned, quality assurance, and performance system.
15- Examine the validity and reliability of Financial and Non-Financial Data and report any deviation.
16- Review Purchase Orders and Work Orders compliances with the company’s policies and procedures.
Special investigation and inspection assignments directed by Management.
Process development and Internal Control Enhancement
Monitor staff achievements, perform periodic performance appraisals, and provide guidance or coaching to direct reports in performing their delegated duties.
Devise and improve operational procedures and policies in line with corporate and strategic guidance.
Provide feedback to the direct line manager on resource requirements.
Ensure that all direct reports acquire the competencies for effective performance in their roles, through appropriate training and professional development.
Optimize the use of personal and team time/effort in carrying out assigned duties, to ensure work meets agreed standards for timeliness and quality.
Recommend improvements to the strategic planning model, processes and update cycle, and ensure the process documentation is maintained.
Working closely within the leadership team to identify opportunities to improve operational performance and drive strategic initiatives.
Supervise and provide advice on the preparation of the integrated business plans, budgets of the organization, for approval by top management.
Monitor performance against the approved strategic plan, identify variances and recommend corrective actions to top management based on evaluation and modelling of alternatives.
Evaluate strengths, weaknesses, opportunities, and threats inherent in the origination’s plans and projections, and prepare risk analyses on this basis for both internal controls and external reporting (e.g. compliance and credit risk rating).
Project Cost and Financial Controlling
Ensure timeliness and accuracy in all the payments
Ensure that the annual financial budgets are drawn based on the corporate strategy.
Monthly review & discussion of financial accounts & variances against budget.
Exercise control on all costs incurred by the projects, ensuring that they comply with the budget.
Create yearly and revolving budget for the company/ projects and its changes if necessary
Ensure that the finance team follows a set of internal control measures and safeguards the financial interest of the company.
Effective cash flow management.
Leading, managing and motivating a dynamic and growing full-function finance team.
Developing reporting Systems along with the Management and continually improving process to best practice.
Meet the analyst’s information requirements.
Follow up with the suppliers reports and clarify the contents.
Responsibilities related to Management Reporting are:
Financial Performance Reporting & Review (Monthly, Yearly)
Assisting Business Support Supervisor with various analysis and calculations regarding finance matters.
Applying basic accounting knowledge and techniques to all areas of work, routine costing and variance analysis.
Develops and recommends the budget and monitors function’s financial performance versus the budget, so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified and potential areas of cost reduction or performance improvement.
Capturing accounting data into the accounting system with speed and accuracy.
Reporting KPIs to CFO
Preparation of the Budget 2013
Responsibilities related to Reconciliation Module are:
Process synchronization of Reconciliation Module in Oracle i.e. Code combination defining in accordance to GL, Routing of trx’s flow from diff. Oracle Modules, reports designing and implementing as per CM Dept. and Audit requirements
Data cleaning related to system recorded AP/ AR and Cash Management
Reconciliation of Bank Accounts
Reviewing Daily Cash Position (DCP) Reports as required or assigned.
Responsibilities related to Receivable Module are:
Monitor and review all Receivable Accounts.
Monitor and review the credit granted to the clients and present the related reports to revenue manager showing how it’s comply with the credit policy.
Follow up and coordinate with the regional Accountants to ensure timely and proper recording of collected amounts.
Prepare and present all required reports related to receivables showing the performance of accounts maintaining and supported with the proper suggestion to enhance the performance to meet the stake holder requirements.
Prepare and follow up periodically the letter of confirmation based on the external and internal auditors and coordinate to fix or clarify the disputes from the clients.
Monitor and supervise the monthly reconciliation of receivables, subsidiary accounts and related general Ledgers.
Analysis of aging reports to find out the weakness in the follow up and the risky clients to raise flag to the concerned persons.
Manage and coordinate the ongoing development and training requirements of the subordinates.
Ensure that suitable provisions are made in the books of accounts for bad & doubtful accounts.
Addition to above
Responsibilities included planning, executing & controlling of AR activities
Old Data cleaning and Mining and management for the new system implementation i.e. Oracle
Coordinating with dept.'s for the improvement of quality information
Mapping of Clients i.e. Brokers, Key Account, Major etc.
Manage Audit requirements especially on quarter closing.
Monitor and review all Receivable Accounts.
Monitor and review the credit granted to the clients and present the related reports to revenue manager showing how it’s comply with the credit policy.
Directs the accurate and effective analysis of credit information and data, taking input from master database, information from other departments and knowledge of global credit trends, so as to generate reports that will increase the productivity and to support its business growth.
Leads the meetings with clients for the analysis of their requirements and ensures the extraction of the accurate data for the development of reports that meet the needs and increase the value of company master database.
Preparation of petty cash report
Reconciliation of bank statements
Principal's/ Suppliers reports payments & reconciliation
Branch accounts report preparation
Preparation of asset management schedules
Preparation of ledger accounts, income statements & Balance sheet.
Handling petty cash
Bank statement reconciliation
Estimated project budget formation
Report formation on the bases of actual & estimated budget
MBA Finance
MA Economics
B.Com