Finance Manager
Rowad Electronics Company
Total years of experience :15 years, 6 Months
Management Reporting, Budgeting & Forecasting, Financial Analysis, Internal Audit, Chart of Accounts, Internal/External Audit, Cost Accounting,
Working on the company's financial health by taking ownership of the financial reporting process.
Internal control implementation, assists with budget preparation, ensures reporting compliance, and manages the transaction reporting process.
Working as a CFO of the company.
Working with same group since from 2015
1. Providing and interpreting financial information.
2. Monitoring and interpreting cash flows and predicting future trends, Analyzing changes and advising accordingly.
3. Arranging new sources of finance for a company’s debt facilities.
4. Bank reconciliation.
5. Monitoring Payroll activities WPS transfer, Calculation of salaries, and calculation of load deduction and calculation of sales commission as per company rules.
6. EOS preparation, verification & processing.
7. Entering & Monitoring receipt entries
8. Preparations of Final Accounts.
9. Monitoring the company cash flow & providing the suggestion/ decision on that base.
10. Maintain MIS reports, sales reports, purchase reports and yearly create profit margins for the projects.
11. Preparation of the budgets.
12. Maintaining closing and adjusting entries) accrued income, prepaid expenses, O/S expenses and advance income. Preparing the forecast on monthly and yearly basis considering all cost consuming operations, preparing deferred revenue at the end of financial year.
13. Preparation of consolidated financials for the group.
14. Getting Approvals for the payments, purchase orders & quotations.
15. Preparing the projects after feasible cash flow & margins.
16. Engaged with internal and annual audit team to complete the audit, respond to auditor inquires and follow up them until they finish the audit report.
17. Preparing & verifying the cash flow for all the projects.
18. Receive vendor / agency invoices authorized by end user department
19. Review and pass invoices raised by the vendor / agency for material procured / services rendered after checking them against LPOs / contracts.
20. Ensure timely and correct accounting of vendor / agency bills.
21. Ensure adequate funds are available to make vendor / agency payments.
22. Ensure that timely and correct payments are made to the vendors / agencies.
23. Ensure timely and correct accounting and payment of petty cash payments.
24. Provide for expenses for which invoices are not received during monthly financial closing.
25. Preparing the Zakat returns of the Group and insure of submitting the zakat returns before DZIT deadline.
26. Ensure that payments are made as per payment due dates / credit period.
27. Preparations of Monthly, Quarterly & Yearly MIS reporting for the shareholders.
28. Preparing the Zakat returns of the Group & insure of submitting the zakat returns before GAZT deadline.
29. VAT Implementation in group, Providing VAT Services and solutions.
Responsibilities handled
1. Accountant for Genesis Dubai, AUH, Singapore & Doha Qatar Branch.
2. Working on oracle base accounting software Orion & Coral with excellent command on all ERP software as well on MS-Office.
3. Handle complete books of accounts independently up to completion, including books of transaction, cash, stock, production and other related jobs.
4. Negotiate with bank for letter of credit transections.
5. Prepare overseas & local letter of credit Import and export LC, s.
6. Prepare & Present daily cash follow statement, weekly accounts reports, cash follow statement for different projects & Monthly income and expense sheet and balance sheet for company and whole group and update to CFO.
7. Monitor petty cash and approved the petty cash expense and impreset amount.
8. Monitors and approves expenditures throughout the budgetary period.
9. Prepares and processes payroll documents needed to implement payroll/personnel transactions.
10. Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, forecasting, budgeting etc.
11. Responsible for day to day finance and accounts operations
12. Perform full set of accounts and ensure timely closing of accounts.
13. Responsible for timely monthly consolidated financial statements, payments, cash-flow management reporting for submission to CFO.
14. Review & approve payment vouchers & journal entries.
15. Perform cash flow forecasting, budgeting and working closely with the operations and project
16. Uses various software applications, such as spreadsheets, relational databases, statistical packages, and graphics packages to assemble, manipulate and/or format data and/or reports.
17. Support CFO in ensuring that intercompany cost allocations.
18. Working on oracle base accounting software Orion and excellent command on software as well on MS-Office.
19. Handle complete books of accounts independently up to completion with zero error tolerance including books of transaction, cash, stock, production and other related jobs.
20. Expert in project base accounting. Expert in project cost controlling & projected budgets and cash flow.
Working experience on major well known below projects.
a) (NYU Abu Dhabi Project for AED 110 Millions) Abu Dhabi.
b) (Zayed University Project for AED 50Million) Dubai.
c) (CADD Emirates Project for AED 1.90 Million) Doha-Qatar.
d) (Twin Tower Project for QR 14 Millions) Doha-Qatar.
e) (Samsung Techwin Korean Project in Qatar for USD 275 K) Doha-Qatar.
f) (Dubai Down Town Dubai Mall/Marina Mall different projects for AED 500K)Dubai.
g) (George Town University Project for QR 2.02 Million) Doha-Qatar.
h) (Virgina Commonwealth University Project for QR 447K) Doha-Qatar.
i) (KHARAMAA- GTC 299 Cimac for AED 875K) Doha-Qatar.
21. Expert in Export & Import LC, s Local and International.
22. Helping auditor’s team to take audit of company account and provide the explanation for each and every document required for audit examination.
Responsibilities handled
1. Review financial records like income statements and documentation of costs. Further check accounting records and other financial reports to assess accuracy, completeness and conformance with company policies and applicable reporting standards.
2. Working with oracle base software (Multivsion).
3. Monthly preparation of reconciliation statements (inter Branch, bank, debtors and creditors.
4. Handled general ledger related operations including journal entries and payment.
5. Receipt voucher preparation and update in software as well.
6. Performing miscellaneous work on MS-Word and MS-Excel from time to time.
7. Preparing of service invoices for Mall tenants i.e. (Sponsorship fee, Fine charges, electricity, Jiri fee, water& gas) and update in pending payment collection & SOA and update in software and follow up for pending payments with Mall Operations Department.
8. Preparing checks transmittal receipts to send checks to head office for clearing process.
9. Preparing of Local purchase orders after approval from concern department head and director’s final approval.
10. Receiving of checks from head office for suppliers, Tenants, Contractors& Employees and issue accordingly with proper records.
11. Receiving of cash/check payments for service charges and deposit to company concern account and update in system accordingly.
12. Maintain the inventory record.
13. Stocks materials according to a prescribed inventory system.
14. Participates in physical inventories by counting stock.
15. Determines stock/insert materials needed.
16. Provide material usage reports.
17. Perform materials physical inventories.
18. Maintaining the stock level.
19. Send the quotation enquiry to different supplier, make the comparison sheet and request for approval and submit to accounts department for local purchase order.
Responsibilities handled
1. Checking Purchase Invoices and posting in Executive Companion Software.
2. Preparing Sales Invoices and posting in software accordingly.
3. Maintaining control over cost and revenue.
4. Maintaining with cash, bank books and petty cash account.
5. Preparing various journals and adjust entries using accounting software.
6. Handling Bank Accounts.
7. Preparing Monthly Bank Reconciliation Statement
8. Preparation of Payroll, Leave salary and final settlement of staff
9. Performing all banking transactions such as salary transfer, check payments
10. Inter branch transaction and reconciliation
11. Preparing monthly accounts payable, accounts receivable reconciliation and financial statements.
12. Following up for collection.
13. Making payment on or before due date.
14. Preparation of Cash flow statement.
15. Finalizing of all accounting aspects related to Banks, Customers and Suppliers.
16. Keep the records of all employees.
17. Prepare employment contract latter, appointment latter and update employer data in system accordingly.
18. Organize and train all staff.
19. Control &record inventory and all data.
20. Submit daily sales report, cash report and balance sheet daily base to the Director.
handled
1. Receiving and receipting cash payments from customers.
2. Maintained petty cash and daily bank deposits.
3. Verifying whether goods are received as per the purchase order and taking
signature from the concerned department head before making timely payment to
vendors.
4. Reconciling vendor statements with company records before making payments.
5. Arranging shipments
6. Posting customer orders, sales invoices, purchase bills, transfers/deposits made
by the customer directly to the bank account, customer and supplier payments
and other financial transactions in Peachtree software
7. Placing purchasing orders.
8. Assisted Auditor to examine all financial statements of the company. Ensured all
documents provided with details of business transactions and accounting data is
recorded correctly.
9. Communicate extensively with employees, supplier, customers, bank and
shipping agency representatives.
10. Preparing Monthly Bank Reconciliation Statement.
11. Reconciling claim accounts and physical cash with the general ledger in Peachtree
software.
12. Reconciling monthly sales invoice register in the accounting records with the list
provided by the sales department.
13. Maintaining the cash and bank books and also petty cash account
14. Filing and maintenance of all financial documents in a proper and efficient
ACCA (Part qualified)
Bachelors Of Commerce (B.com)