Finance Manager
Biolab Arabia Ltd.
Total years of experience :12 years, 7 Months
(Manufacturing)
•Financial Statements preparation and detailed analysis
•Preparation of budgets and monthly forecasts
•Detailed analysis of OPEX and CAPEX against the allocated budgets
•Financial Modelling
•Maintaining and negotiating Bank facilities
•Cash flow forecasting
(Cosmetics, Body Care, Perfume, Bath and Home Products)
•Financial Statements Review and Analysis
•Preparing Board Presentations
•Preparation of Budgets and monthly OPEX/ CAPEX
•Financial Modelling
•P & L by Region and by store analysis
•Like for Like (LFL and Non LFL) analysis by store/ region and product categories
•Damages and Shrinkage Control
•Preparing feasibility report for a new store opening
•Vendor Relationship Management
(Body care, Body perfumes, Oil Perfumes and accessories)
•Preparation of Financial Statements (Monthly/Quarterly and Annually)
•Financial Statements analysis including LFL and Non LFL analysis.
•Consolidating group Financial Statements
•Consolidation of yearly budgets
•Budget control on daily basis
•Budget vs Actual results performance on monthly basis
•Cash flow forecast
•Preparation of Statement of Income by store by area
•Liaising with Auditors and consultants
•Feasibility report for new stores opening.
•Implementation of MS Dynamics AX
(Retail)
•Overseeing all financial matters
•Financial reporting
•Leading Budgeting & Forecasting
•Making decisions based on the Financial Analysis and sending recommendations to concerned partners
•Preparing and implementing finance department's policies and procedures
•Preparing feasibility reports
(Body care, Body perfumes, Oil Perfumes and accessories) Finance & Accounts:
•Preparing company for IPO (responsible for FDD, LDD and ZDD).
•Manage all operations related to Finance like Financial Accounting, Budgeting, Forecasting, Financial model, Costing, Accounting, Internal Controls, etc.
•Involve in finalizing accounts, statutory compliance, reviewing Customer Agreements and analyzing Ledger Accounts, requirements and accruals.
•Prepare financial statements and present the same in the management meeting.
•Document all accounting processes and procedures ensuring compliance with company guidelines; monitor and review all documents related to budgets, revenues, expenses, invoices, Accounting etc.
•Identify areas of budget concern and potential impact on project financial performance as well as monitor the Actual performance, profitability and variance analysis.
•Prepare & maintain statutory books of accounts and reconciliation of financial statements in compliance with norms. Auditing:
•Assist in audit activities (internal & external) including setting up audit systems, monitoring implementation of systems and providing feedback to the top management with regular audit reports
•Manage resources and execute day-to-day activities of audit engagements/ audit process.
•Schedule and conduct audits of full complexity for conformity with policies& procedures of company
•Identify and communicate accounting and audit matters along with recommending performance improvement opportunities with Top Management
•Produce audit work papers and documentation for checking and approval by superiors along with reviewing complex financial data ensuring its integrity stands up to scrutiny. Statutory Compliance:
•Prepare all finance-related reports ensuring timely completion and submission of the same.
•Understand complete accounting and internal control systems implemented in the organization.
•Co-ordinate with various internal departments to maintain all accounts-related data appropriately. MIS Reporting:
•Prepare MIS, reconciliation statements & statutory reports, evaluate them for facilitating decision-making process and compiling balance sheet schedules to support all balance sheet entries.
•Involve in evaluating financial reports and recommending modifications to operations, budgets, and other financial controls.
•Present a true and fair view of the financial position of the company by way of timely preparation of annual reports ensuring analyzing the expenditure on a monthly basis to control expenses. Noteworthy Credits:
•Successfully prepared the five-year business plan forthe company for the first time in the history of the company.
•Tactically enhanced profitability by providing several analyses for stores operations.
•Successfully implemented budget and internal controls
M.Com (Accounting and Finance)