Group Finance Manager
Al Doha General Trading LLC
Total years of experience :18 years, 1 Months
• Provided regular financial reports & updates to management, with detailed analysis, variance reports in comparison with BP, KPIs, sales & product/SKU analysis to support business decisions.
• Month end closing: Review & finalize BU profitability statements, month-end closing to meet deadlines & ensure smooth flow of processes for all units / subsidiaries & confirm accuracy of financial data.
• In order to ascertain the financial & operational viability of the company, undertake research analysis providing financial insights regarding investments/divestments business cases,
• Performance reviews, SWOT, valuations & capital management, using quantitative techniques such as NPV, DCF, IRR & represent finance in meetings to evaluate performance of strategic business cases.
• Provide consulting solutions to internal customers on various issues ranging from finance evaluation, process optimization, trading, pricing, control environment
• Consolidate business plans of all operating business units into legal entity-wise corporate budgets & into one group level BP in order to provide financial data to senior management for strategic business performance evaluations.
• Conduct forecasting analysis to align the existing business plan with realistic /current estimates & liaise with senior management, HODs & VP Finance & CEO to ensure validity of business plan parameters & assumptions, providing actual & budget variance analysis, realistic estimates.
• Responsible for the Group consolidated accounts and individual Company accounts to analyse the profitability.
• Provided reliable, sales and KPI analysis periodically to the management to facilitate operation and strategic decision making.
• Successfully Negotiated with the banks for forwards, Hedges to guard against the currency fluctuations.
• Expert in financial management and arranged finances for import LC have to facilitate inventory re-orders at very competitive rates.
• Presenting Timely accurate receivable reports and pushing sales teams to minimize the collection days.
• Developed a fruitful and successful liaison with the external auditors to ensure the timely and expeditious completion of final audit.
• Keep an eye on the new legislation to ensure it’s communicated to the concerned departments where every applicable.
• Designing implementation and ensuring the smooth running of internal control systems for all areas of the organization to ensure the safety of the organizations assets.
• Responsible for monitoring stock levels and performing inventory reconciliations ensuring accurate inventory valuation.
• Prepare monthly management accounts after closing the period at the end of each period.
• Payroll processing for the staff after verification of working days data with the system
• Validation of invoices issued to the customers after ensuring the tax framework requirements are fulfilled.
• Overseeing the periodic monthly VAT return filing.
• Overseeing the periodic VAT refund applications.
• VAT analysis and duty Drawback record maintenance.
• Working capital management by managing the receivable and payables.
• Balance Sheet, P & L and cash flow statement analysis for management reporting.
• Maintaining the fixed asset register and recording the acquisitions and disposals according to IFRS requirements.
• Inventory consumption recording in accordance with the IFRS requirements.
• Designing implementation and ensuring the smooth running of internal control systems for all areas of the organization to ensure the safety of the organizations assets.
• Ensuring the effective and efficient conduct of statutory audits of the company.
• Supervising and monitoring the junior colleagues performance • Conducting audit investigations of small companies according to the guidance of IFRS and local legal framework. • Liaised with clients to identify their needs and implemented solutions • Personal tax calculation for individuals and self employed according to the guidance in UK Income tax law. • Preparation of audit summary memorandum, overall job review, resolution of audit partner’s review points • Computing VAT according to the legislation of HMRC and filing periodic return for small companies and self employed businesses • Payroll management, PAYE calculations and depositing the amount owed to HMRC periodically for small businesses • Preparing management accounts for small corporations using Sage line 50 accounting software and other office automation tools. • Corporation tax computations and calculation of payments in advance based on last years liability • Ensuring compliance with the GAAP (generally accepted accounting principles) and with requirements of regulatory framework. • Designing internal control systems for small corporations and self employed businesses • Generating reports for analysis of the accounting and internal control system to ensure the effective and efficient working of system. • Taking steps to implement the findings of the periodic review of the accounting and internal control system.
- Petty cash management, receipts and payments management, dealing with customers and suppliers.
- Periodic management accounting and analysis to access the performance of the company.
- Budgeting and forecasting for the forceable future and longterm planning for diversification and development strategies evaluations.
- exposure to import and export environment dealing with the LC's and valuation of stock from foreign currency to local currency.
- Fixed assets valuation and revaluation, accounting for the surplus and deficit according to the IFRS.
- Payroll management, PAYE calculations and NI calculations, year end reprting such as P35 etc
- VAT and CT calculations, periodic return filing with HMRC following the local legal framework.
• Maintaining payrolls and PAYE calculations according to the legal requirements of local tax legislation
• Maintaining records using MS Excels and custom made system created through MS Access
• Accounts preparation according to the accounting and legal frameworks of the jurisdiction.
• Periodic cash budgets and variance investigation
• Reading and understanding the contracts and genrating invoices and staff moblisaion, Site management.
• Ensuring compliance with the corporate sector tax and regulatory requirements
• Helping with the effective and efficient conduct of the final annual audit
Chartered Accountant
commerce, Business economics
ACCA
Science
Matriculation
