Finance Manager
Kaplan Genesis
Total years of experience :14 years, 8 Months
o Manage accounting operations, accounting close, and account reporting with 100% compliance to deadlines.
o Manage preparation of the company's budget/model.
o Report to management on variances from the established budget, and the reasons for those variances.
o Preparation of Quarterly Estimates/Forecasts & KPI summary.
o Ensure Intercompany balances are up to date.
o Ensured smooth operation of finance department after company’s acquisition by Kaplan International Holding.
o Ensured policies & procedures in place are updated, to comply with new parent company’s policies & procedures.
o Ensure financial transactions comply with the VAT regulations.
o Handle VAT reporting (payables and receivables). Ensure collections and payments are done in line with UAE regulations. Manage tax issues with customers and suppliers.
o Manage liquidation of existing company.
o Ensure smooth operation of external audit and completion audit.
o Hire, supervise & motivate finance team.
o Ad hoc reports as and when required by management.
o Manage accounting close, account reporting and reconciliations.
o Preparation of the company's budget.
o Report to management on variances from the established budget, and the reasons for those variances.
o Reduced past overdue accounts receivable from AED 500K to less than AED 30k in less than 6 months.
o Discovered major instances of fraud and embezzlement that assisted "Genesis Institute" to file lawsuit against former employee.
o Develop, implement and enforce effective internal controls, polices & procedures to eradicate loop hole in system and to safe guard company's assets.
o Support in development of customized CRM (Customer Relationship Management Software).
o Presented and reported financial performance & analysis to management in monthly company meeting.
o Managing payroll of the employees.
o Ensure smooth operation of external audit.
o Assisted Director and Managing Director of the company in determining the valuation of the company for company's buyout by potential investors.
o Ad hoc reports as and when required by management.
o Preparation of Financial Statements up to finalization on, monthly, quarterly and annually basis by adopting applicable IASs, IFRSs.
o Managing accounts payable and receivable.
o Bank reconciliation statement.
o Process payments.
o Maintain Purchase register and reconcile inventory on monthly basis.
o Maintenance of fixed asset register.
o Performed ratio analysis of financial statements for comparison and analytical assessment to prepare executive summary report for management.
o Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
o Liaison with financial institutions for loan facilities, markup, agreements, insurance, letter of credits (LCs) etc.
o Providing necessary information to external and internal auditors as per audit requirement.
During the tenure I was rotated in accounts and finance department and worked on vouchers, petty cash, bank reconciliation statement, supplier reconciliation, inventory & purchase register reconciliation, processed payable invoices for payment, assist in closing monthly accounts, letter of credit, finance facilities, duties & taxes and profit working.
