Finance Manager
ACTL UK
Total years of experience :26 years, 6 Months
Prepared monthly management accounts including commentary on actual results and variance against budgets.
Reviewed reconciliation of all GL accounts for completeness and accuracy.
Prepared audit file and responsible to the auditors for investigation.
Prepared and reviewed month end accounting entries in the system.
Reviewed monthly balance sheet reconciliations.
Prepared weekly and monthly cash forecasts.
Prepared monthly, quarterly reports and annual accounts.
Ensured compliance to IFRS in the financial statements.
Reviewed monthly prepayments and accruals calculations.
Prepared and filed quarterly VAT returns with computations and schedules.
Reviewed fixed assets and CAPEX reporting.
Liaison with HM Revenue and Customs regarding VAT and corporation tax.
Reviewed monthly payroll.
Liaison with auditors regarding final statutory accounts.
Preparation of monthly management accounts including commentary to strict deadlines.
Monthly revenue calculations with back up schedules.
Production of budgets and updating forecasts including liaison with relevant managers.
Preparation of monthly cost variance report of the company and cost centres and monthly presentation to directors for discussion of business decisions and performance monitoring.
Calculation of variance analysis from budgets and forecasts with actual and commentary on material variances.
Monthly payroll and Gosi contribution calculations and reconciliations.
Monthly withholding tax calculation and submission.
Monthly review of month end processes, prepayments, accruals and balance sheet reconciliations.
Preparation of audit file with all backups, schedules and supporting documentation.
Liaison with auditors in respect to interim and final audits and annual financial statements for accuracy and timely completion.
Liaison with suppliers to resolve any invoicing/ payment issues raised.
Preparation of monthly cash flow projections and management of cash flow and working capital.
Administration of the fixed asset register regarding any addition/disposal, approval, accounting treatment and depreciation calculations.
Review of purchase ledger from initial purchase order to the payment of accounts, sales ledger, nominal ledger and reconciliations.
Ad hoc duties as requested.
Responsible for preparation, presentation and interpretation of monthly management accounts.
Responsible for coordination and review of budget and comparison with actual expenditure. Discussed with budget holders of any adverse variances.
Reviewed the fixed asset register.
Prepared rolling weekly cash flow projections identifying additional funding requirements.
Responsible for maintaining GL, monthly and quarterly reporting of the three management entities.
Point of contact for the auditors and effectively managed the annual audits.
Achievements:
Completed the last two years pending final accounts.
Implemented the new accounting system TAS.
Managed the VAT refund claim which saved £40K to the company.
Conducted opening meeting to agree the testing strategy. Planned the timing for testing of various processes.
Carried out walkthroughs and control testing. Assessed the design and operational effectiveness of the controls.
Reported the control gaps and prepared remediation plans for ineffective controls.
Carried out meetings with internal audit department for the audit of shared services and discussed the finalised control gaps.
Conducted meetings with process owners on the new controls to be implemented and agreeing an implementation time.
Achievements:
Implemented the procedures to comply with SOX regulations in the company.
Preparation, presentation and interpretation of monthly management accounts for review of chief executive and board of directors of the company.
Preparation of detailed customer profitability, product profitability, project costs and other management reports for chief executive and board members of the company.
Preparation of monthly and quarterly cash forecast.
Assisted with preparation of corporation tax return.
Achievements:
Developed rolling weekly cash flow model to improve the cash forecasting.
Developed automated bank reconciliation procedures on daily basis.
Conducted statutory and special purpose audit engagements using Deloitte’s risk based audit methodology following International Auditing Standards and IFRS.
Prepared monthly management accounts including commentary on actual results and variance against budgets.
Reviewed reconciliation of all GL accounts for completeness and accuracy.
Prepared audit file and responsible to the auditors for investigation.
Prepared and reviewed month end accounting entries in the system.
Reviewed monthly balance sheet reconciliations.
Prepared weekly and monthly cash forecasts.
Prepared monthly, quarterly reports and annual accounts.
Ensured compliance to IFRS in the financial statements.
Reviewed monthly prepayments and accruals calculations.
Prepared and filed quarterly VAT returns with computations and schedules.
Reviewed fixed assets and CAPEX reporting.
Liaison with HM Revenue and Customs regarding VAT and corporation tax.
Reviewed monthly payroll.
Liaison with auditors regarding final statutory accounts.
Achievements:
Identified the poor working capital management and implemented the cash flow forecasts system.
Implemented the new accounting system Navision.
Renegotiated with banks to get cheaper finance.
Recommended the revision of wages payment system from daily rate to hourly rate and saved 10% of the total cost.
Achieved more commercial awareness after dealing with different customers.
and Financial Institutions (ABL, Emirates bank)
Retail and Service companies (Alstom, Itochu Corporation Japan)
Charities & non Profit organizations (UNDP & Swiss NGO’s)
Public Sector companies (Pakistan Irrigation and Development Authority)