Manager - Business Finance
Fursan Travel - KSA
Total years of experience :24 years, 7 Months
As Manager - Business Finance at Fursan Travel Management Company ( www.fursan.com.sa)
Key Highlights:
Lead monthly financial closing activities, interim and yearend audit process
Develop and oversee financial budgeting and forecasting for the business
Manage business development activities according to budget to achieve profitability and revenue.
Modify budget amount based on the changes in business plans and preparation of revised forecasts.
Develop profit and loss plan to ensure maximised returns and profit targets.
Seek out methods for minimizing financial risk to the company
Manage the profit and loss statements and cash and balance sheet to ensure the financial integrity.
Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making
Review financial data and prepare monthly and annual reports. Review the actual results against the budgeted goals to identify and correct accounting issues and variances.
Present financial reports to board members, stakeholders, executives, and clients in formal meetings.
Provide financial support and advice to management in closing business deals.
Enhance the financial processes for profitability and revenue growth.
Establish and maintain financial policies and procedures for the company.
Coordinate with operations, sales, marketing, and customer service teams to supervise and support in business operations effectively.
Inspect and approve all vendor contracts and account expenses of the company.
Manage a finance team for the delivery of monthly targets successfully.
Support process improvement initiatives to achieve financial goals.
Lead monthly financial closing activities, interim and yearend audit process
To liaise with banks/financial institutions and fund requirement estimation
Spearhead budgetary process and variance analysis - Capital and Revenue and taking corrective action.
Current assets management - cash including petty cash and treasury, receivables and payables etc.
Effective and efficient receivables management and collection of receivables on time as per the credit policy of the Company
To ensure that reconciliation of bank accounts, debtors, payables, etc are completed on time
Proper financial advice to sales and marketing department to increase yield on ticket issuance
Review & introduce internal controls in accounting transactions
Meet dead-lines for preparation of MIS reports - Daily/Weekly & Monthly and circulate to the specified section/department heads.
Finalize accounts and prepare financial statements (individual & consolidated) as per the Accounting Standards/IFRS and statement of cash flows.
Introduction of cost control and cost reduction techniques
Negotiating with suppliers, service providers etc.
Effective management information system - submission of reports at reasonable intervals
Compliance with legal procedures/formalities
Any other areas, incidental or ancillary to the attainment of Company’s organizational, financial and business objectives.
Fund requirement estimation
* To liaise with banks/financial institutions
* Budgeting and variance analysis - Capital and Revenue
* Current assets management - cash and treasury, receivables and payables etc.
* Effective and efficient receivables management and collection of receivables on time as per the credit policy of the Company
* Carrying out critical evaluation of the performance by various branches to ensure optimum performance and giving proper financial advice considering the key drivers of business to the relevant department managers and agree on future course of action to reinstate business plans wherever required.
* Review of PLB schemes/CRS incentives and preparation of statements on time and follow up
* To ensure that reconciliation of bank accounts, debtors, BSP, payables, etc are completed on time
* Proper financial advice to sales and marketing department to increase yield on ticket issuance
* Review & introduce internal controls in accounting transactions
* Meet dead-lines for preparation of MIS reports - Daily/Weekly & Monthly and circulate to the specified section/department heads.
* Finalize accounts and prepare financial statements (individual & consolidated) as per the Accounting Standards/IFRS
* Introduction of cost control and cost reduction techniques
* Negotiating with suppliers, service providers etc.
* Effective management information system - submission of reports at reasonable intervals
* Compliance with legal procedures/formalities
* Comply with accounting procedures and finance policies of the company.
* Lead the team members effectively and create opportunities for them to grow professionally.
* Train and develop second-line leaders from the team.
* Conduct meetings at regular intervals and minute them properly
Achievements as
Verification of invoices, purchase orders and receiving stamp from the stores on all the invoices for supply of goods.
* Verification of invoices, deliverables, contract synopsis and user department confirmations before processing service related invoices.
* Processing of local and overseas payments. ( Oracle AP module )
* Dealing with the suppliers queries, providing management accounts information handling inter department queries and obtaining the necessary approvals required for processing payments.
* Reviewing of the process, procedures and implementation of controls wherever necessary and to avoid unnecessary documentation or processes.
* Responsible to make sure that all invoices are accounted or necessary provisions are made before closing of each month.
Audit Staff& Articled Clerk
Company Industry: Accounting/Auditing
Job Role: Accounting/Banking/Finance
M/s Mahadevan & Sivarajan, Period:
CharteredAccountants
Associated member of SOCPA
Secured first class in B,com degree course.