COST/FINANCE CONTROLLER
APEC INDUSTRIES LLC
Total years of experience :21 years, 3 Months
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AT SMA Consultancy LLC is providing HR/Accounting and Finance services to different in-house and outsourced clients.
Abu Dhabi National General Contracting LLC is at the forefront of providing top-quality facility management services. Founded in 1985, the company is 100% owned by Al Reyadah International Group.
Reporting to the Chief Executive Officer.
INHOUSE AND OUTSOURCED CLIENT’S PORTFOLIO:
Dealing with client’s portfolio from following industries:
a) Contracting/Facilities Management
b) Food and Beverage (F & B)
c) Plastic, Fiber and Panel Tanks Trading and Manufacturing
d) Interior Fit-Out Services
e) Engineering Consultancy Services
MAJOR TASKS: AT SMA Consultancy LLC
• Producing flash, MIS & other management reporting from source data. Providing comments for monthly reports & explain reasons for variance to top management.
• Prepared new project feasibility studies and advise on the financial outcome.
• Designed investor profitability statement for an F & B business.
• Drive Budgeting and forecasting for the companies.
• Overseeing all aspects of financial control in the business.
• Management of risk and ensuring that all the accounting activities are compliant with VAT, Labor Law regulations.
• Providing financial, commercial & strategic support to the team and business.
• Managing the month-end closing process, verification & approval of related reports.
• Liaise with key related parties for timely intercompany reporting.
• Meeting Audit & Assurance obligation, queries & providing data with information & samples, assist to map TB, classification of financial statements and finalize the audit.
• Managing projects & policies, contracts & licenses
• Pre-auditing all types of Payments
• Controlling of Expenses e.g., CAPEX, OPEX
• Maintains good relationships with key Ownership executives in terms of all business requirements.
• Cash flow management and efficient allocation of resources
• Producing monthly management analysis pack with the help of Power BI & KPI’s dashboard.
• Supervising and helping the team of accountants on QuickBooks, Tally, Excel data work, etc.
MAJOR ACCOMPLISHMENTS & TASKS: Abu Dhabi National General Contracting LLC
• Identified the loss-making projects and right-sized the one division which was incurring losses for the last 3 years.
• Introduced customized management reports to highlight the overall financial status of the organization in a summarized manner.
• Cash flow forecasting, management, and reporting.
• Statutory compliance including FTA/VAT filing and ICV (In-Country Value) audits.
• Perform project cost forecasts/budgets, cost tracking, monitoring, and controls.
• Implemented KPI’s for the department to streamline and increase performances.
• Designed a new pricing structure for the organization.
• Ensured UAE labor law and other compliance for the entire group.
• Created discipline and structure in the monthly closing and reporting process and converted to live financial reporting to enhance dynamism.
• Maintained healthy banking relationships and arranged loan from bank to finance the projects.
• Reduced the cash operating cycle by 15 days via improving DSO, DPO.
NAS is a professionally managed accounting, auditing, management and financial consulting firm with its corporate office in Abu Dhabi, UAE.
MAJOR ACCOMPLISHMENTS:
• Designed, implemented and executed accounting system and internal controls at various clients.
• Successfully implemented accounting software’s at different clients.
• Engaged in management of receivables and payables, cash flow management, breakeven analysis, forecasting & budgeting as per the requirement of each client.
• Audited the financial statements and prepared reports relating to different sectors.
• Dealing with banks for guarantees, performance bonds & bid bonds on behalf of client.
• Advised clients on matters related to labor law and taxation.
• Prepared management reports for clients using analytical & graphical tools like Power BI & Tablue.
Group is engaged in commercial activity of land development, construction of 2000 housing units and a five star hotel.
MAJOR ACCOMPLISHMENTS:
• Consistently met deadline for preparation and presentation of monthly financial pack (containing financial statements as per IFRS, financial analysis, KPI analysis, Horizontal & Vertical Analysis etc.) to top management.
• Conceptualized and implemented automated Dashboard in MS Excel for higher management that presented major financial indicators on daily basis for decision making.
• Implemented Balanced Scorecard in Paragon Executive Builders and created awareness about it among management that resulted in bringing harmony in business objectives from top to bottom and set clear direction about KPI to achieve.
• Ensuring compliance with federal, state, and local financial and legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
• Successfully implemented procedures for efficient cash flow management that resulted in 0% bounce back of cheques issued.
• Acted as Cost Controller & Coordinator in a construction company building 2000 residential houses and successfully coordinated activities between Finance, Accounts, Store, Procurement and Site by integrating activities which resulted in smooth functioning of project and timely achievement of construction targets.
• Built procedure for timely estimation and reporting of construction cost starting from BOQ till finishing which helped management in timely actions to control cost and also helped in quoting prices to customers reliably.
• Mentoring/training of accounts team to perform well & annual appraisal of finance & accounts staff members.
• Arranging & chairing weekly finance and accounts staff meetings, focusing on targets & achievements.
• Involved in the recruitment of new staff.
• Motivating the team to achieve high standards and KPI targets.
• Conflict resolution between team members before the situation reaches crisis stage.
Leading manufacturer of automotive and agricultural components with customer like HONDA, SUZUKI, MASSEY, FIAT and major exports to members of the European Union.
MAJOR ACCOMPLISHMENTS:
• Successfully implemented SAP ERP solution in MGA Industries (Pvt.) Ltd an auto parts manufacturing organization.
• Preparation and implementation of SOP’s (Standard Operating Procedures) along with constant cost monitoring resulted in 6% overall decrease in expenses during year 2011 in MGA Industries (Pvt.) Ltd.
• Prepared Fixed Asset Register from scratch and reconciled it with physical assets & subsequently tagged them in MGA Industries (Pvt.) Ltd & Paragon Executive Builders.
• Conducted costing of over 700 different products in an auto parts manufacturing unit and suggested prices to quote to various national and international customers.
• Motivating the team to achieve high standards and KPI targets.
• Conflict resolution between team members before the situation reaches crisis stage.
Producer of API (Active Pharmaceutical Ingredient) serving more than 215 customers both local and multinational companies such as GlaxoSmithKline, Bristol-Mayers Squibb, Novartis, Wyeth.
MAJOR ACCOMPLISHMENTS & RESPONSIBILITIES:
o Management and reconciliation of banking facilities like FATR (Finance against Trust Receipts), LBD (Local Bill Discounting) and RF.
o Prioritizing supplier payments on the basis of supplier importance, payment terms & conditions, in consultation with CFO.
o Establishing internal control system and developing SOP’s for all payment transactions.
o Processing of LC’s as per coordination with CFO.
o Liaison with external auditors and banks regarding banking matters.
o Monitoring the daily cash flows.
o Managing the Payroll of the company.
o Communication with related people outside the organization/ other companies, in person, in writing, or by telephone or e-mail.
o Preparation of Bank Reconciliation Statements of all 6 banks.
• Implemented Enterprise Resource Planning (ERP) (having Inventory, Financial Reporting and Payroll Modules) along with necessary control documentation in Gulab Devi Chest hospital. Communicated requirements for software development, approved screen designs, approved report formats, feeded accounts and inventory chart of accounts, tested reports by inputting test data, managed go live stage & training of staff as to how to run software and extract reports.
• Designing of accounts and inventory chart of accounts for Gulab Devi Chest hospital (80 wards and four mega inventory stores) to account for all assets/aspects of hospital.
• Supervised, monitored, reviewed and finalized audits conducted. Audited diverse portfolio of listed, public, private companies, association of persons and NGO’s.
• Prepared and presented various internal audit reports containing observations, comments and recommendations based on carried out work.
• Conducted compliance audits/cost sharing audits & prepared reports regarding audit findings.