Finance Manager
Investment Group
Total des années d'expérience :17 years, 10 Mois
Overall supervision, formulation of High Net Worth Company divisions of Investment, Venture,
Hospitality, Construction, Leasing, Facility Management
Semi Govt Entity
Achievements:
• Boost the yearly turnover from AED12m (2015) to AED115m (2018).
• Establish Banking Lines from 0 to 50Million (Project Financing, LG, LC, TR, PPC, LBD, Mudarba)
• ERP Designing as per Organizational Structure and Implementation
Responsibilities:
• Leading the accounting function including Banks lending arrangements, financial structuring, accounts receivable, account payable, general ledger and working capital.
• Monitoring and managing banking activities of the organization including credit lines, project financing, leasing etc.
• Participating in optimizing working capital opportunities and assist to CEO in identifying new funding arrangements.
• Handling business daily, monthly and yearly cash flow and resource evaluation and recommendation in allocation for ongoing projects.
• Review all financial reports and accounting statements to ensure they have been accurately prepared.
• Verifying Subcontractor PCs, Payroll(WPS), Insurance Issues, Labor Camps matters.
• Effectively participation in evaluation of tender documents, Control over projects cash flow, variance analysis and, monitoring project costs with different KPI.
• Liaising with auditors to ensure annual monitoring is carried out.
• Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers.
• Managing budgets and ad-hoc reports
Valuable Clients Projects in AED/USD Millions
• M/s Rashideen Int. Trdg. FZE 42M/$12M
• M/s DP World 35M/$10M
• M/s Land Mark Group 17M/$5M
• ENOC 23M/$6M
• M/s Shapoorji Pallonji 23M/$6M
• M/s Dubai Refreshment PJSC-Pepsi 10-23M/$6M
• M/s Ambassador Investment Group 55M/$16M
• Huawei Tech Inv Ltd 51M/$14
Achievement:
• Boost the yearly turnover from AED54m(2013) to AED140m(2015).
• Establish Banking Lines from 0 to 70 Million (Project Financing, LG, LC, TR, PPC, LBD, Mudarba)
• ERP Designing as per Organizational Structure and Implementation
Responsibilities:
• Preparing and posting of all accounting transactions by using accounting software.
• Preparation of daily funds position.
• Handling LG’s, LC’s line of credit AED70M, leasing and amortization matters.
• Coordinate for project resource requirements such as manpower, equipment, procurement and subcontractors.
• Prepare monthly project cost report and variance analysis.
• Prepare & review semi-annual, annual financial reports and analysis.
• Reviewing / approving and monitoring subcontractor / supplier/manpower invoices.
• Preparing and coordinating invoicing to Client including all relevant discussions for approval of invoices as per the payment certificate from the consultant.
• Examining the supplier’s quotations, LPO’s and orders execution.
• Monthly A/P agings reports and make sure their timely payments including subcontractors and suppliers like Concrete/blocks/scaffolding/manpower.
• Closely watch out the A/R and make sure the payments as per the payment certificates.
• Ad-Hoc Financial reporting(Enduring Project costing/budgeting/cost controlling, Scaffolding, Diesel, Store movement)
• Maintain good rapport with external auditors/subcontractors/clients and banks.
Business bonding with valued clients:
Values in AED/USD Millions
• Streit Group FZE (MNC), AED90M/$25M
• International Armored Group (MNC), AED16M/$4M
• Air Liquid Mfg(MNC), AED75M/$20M
• Eversendai Offshore Group(MNC), AED11M/$3M
• Emirates Ind. Gases (Abu Dhabi), AED38M/$10M
• Ministry of Public Work UAE, AED90M/$26M
• Union Chlorine LLC(Abu Dhabi), AED48M/$13M
• Saver Glass LLC(MNC) AED15M/$4M
• Sinoma Energy Conservation LTD AED10M/$2.72M
Prepared and posting of all accounting transactions in Oracle9i (ERP).
Prepared daily bank position, treasure, operating cash flow, credit collection report.
Monthly closing of accounts, prepare monthly, annual financial statements in accordance with the accounting standards (IFRS) and variance analysis with budgeted figures.
Smoothly handled Accounts Payable, Accounts Receivables and timely reconcile their ledgers and aging reports.
Issuing and receiving of cheque, preparing monthly bank reconciliation statements of current & running finance accounts. Calculation of running mark up and bank charges.
Coordinated in managing letter of credit facilities (440m PKR) LTR, LBD, and FIM.
Payments of Import duties to Collector of custom, shipping agent and clearing agent.
Strong coordination with Purchase, Marketing and Production departments for timely resolving the discrepancies.
Handled of Inter Company accounts, WPS, Income tax and sales tax reports.
Maintained good rapport with stakeholders like clients, vendors, Tax department, External & Internal auditors and regulators for Annual Income tax return.
Worked on UNDP Project title SPRSM-Punjab (P & D Department) as Event Coordinator
Worked with Canadian organization “CIDA & CPBEP ” as Internee
Mandate:
Cost allocation of eight surgical dressing products which were in different sizes, Enterprise Resource Planning for production Optimization, overcome product duplication problem
Accomplishments:
Designed Micro Excel based program for our client’s products cost allocation
Prepared IE Matrix and designed business strategies for their business enhancement
Responsibilities:
Prepared, posting of Journal Voucher, Bank Payment Voucher, and Cash Payment & Receipt vouchers by using Accounting software and filling these vouchers.
Handled the activities of daily cash book and petty cash book.
Prepared Monthly Bank reconciliation statements and booking of monthly bank charges.
Make ensured the timely payments of vendors and reconcile their ledgers.
Reconciled the Branch accounts as per their enduring sites expenses.
Analyzed expenditure trends and ensure expenditure control at different sites of enduring projects (Warid Pakistan, Wateen, Huawei, Hashu Group etc.)
Resolved discrepancies especially employee’s advances accounts.
Interacted with internal and external auditors in audits.
• Entering Bank Payment, Cash Payment, Cash Receipt, Bank Receipt and Journal Voucher in Oracle accounting modules.
• Assist in managing accounts payable and receivable.
• Preparation of bank reconciliation statements and resolving.
Supervised the production process and make sure that timely production is meeting quality standards.
- Water Treatment Plant - Bento Nite Clay Plant -Cooling Tower Plant
With the following areas ; Cost Accounting,Corporate Finance,Financial Accounting, Strategic Management, Marketing,Operations & productions,
