Financial Reporting Manager
Zurich International Life Ltd
Total des années d'expérience :25 years, 0 Mois
Formulate a concise overview of company’s financial standing including annual financial results, budgets, and rolling forecasts, reporting directly to parent company and regulators. Maintain integrity of information, including that of Middle East, by scrutinising data for accuracy and ensuring full compliance with reporting requirements. Minimise risks as senior management consultant on technical accounting matters, ensuring compliance with IFRS. Deliver treasury oversight, insuring cash flow requirements are fulfilled, resulting in efficient cash management. Liaise throughout assigned area, explaining and communicating financial results, concepts, and methods. Boost performance by developing two accountants and improving processes for financial control and reporting. Assure the timely submission and payment of annual taxes through preparation of returns.
• Measure and monitor cost behaviour, determining variable and fixed costs, via detailed account analysis and business unit quarter/year-end processing and reporting
• Influence key decision making by contributing to the compilation of forecasting financial and/or operational risks used in planning and budgeting
• Increase returns on investments (ROI) by evaluating counterparty exposures and recommending optimum investment opportunities
Stimulated evaluation of company’s financial health and operations by producing financial, management, and statutory accounting and reporting data. Readied, interpreted, and delivered regulatory data including actual monthly financial statements, forecasts, and budgets, whilst reviewing balance sheet reconciliations. Served as liaison to auditors during year-end audits and formulated statutory reporting. Facilitated the timely and accurate submission of data by creating and updating finance policies and procedures.
• Fortified safety of financial reporting system via maintenance and administration of corporate financial accounting system SAP R/3
Initiated the meticulous generation of financial and administrative operations through oversight of intercompany processes. Streamlined oversight and control of company’s finances by organising monthly management accounts and general ledger reconciliations. Nourished and secured key industry relations by establishing relationships with banks and various financial institutions. Instituted timely, precise payments to vendors by preparing and regulating accounts payable (A/P) for the UAE branch.
• Assured cash book and petty cash were updated on a daily basis by overseeing cash balances across bank accounts and monitoring accounts and fund requirements
Recorded and tracked financial transactions, while assembling general ledger reconciliations, supervising monthly management accounts, and arranging and sustaining A/P. Ensured accounting functions fully adhered to all relevant regulations and procedures by originating intercompany processes.
• Compiled and distributed financial information to management via analysis of accounting data including bank account cash balances, account activity, and funds requirements
Governed A/P functions, including inputting invoices, totalling and managing balances, issuing payments, and recording debits. Minimised errors via control of production and wage analysis and writing and forwarding monthly management reports.
• Administered payroll oversight, insuring employees were paid on time, by processing wages, tracking deductions, and calculating bonuses