Financial Analyst
Grankraft Kraftell Group
مجموع سنوات الخبرة :5 years, 6 أشهر
Grankraft was established in 2000 as an engineering and manufacturing company specialising in the creation of bespoke structures, architectural glass, and metal works. Today, Grankraft, has grown to over 800 team members, with three production facilities and a strong market presence across the GCC with footprints in Europe, Africa and Asia.
Key Responsibilities:
• Engage with financial institutions to manage inquiries regarding project financing and foster collaboration with banking partners.
• Addressing banking requirements, including providing legal documents, cash flows, financial reports, and feasibility studies, for securing funding for projects valued at AED100-150 Million.
• Conduct comprehensive financial analysis to assess the financial viability and feasibility of proposed projects.
•Oversee user access and email registrations for bank accounts, ensuring that authorized personnel have appropriate access to banking platforms and communications.
• Prepare financial reports, forecasts, and models to support decision-making.
• Conduct regular financial reconciliations to ensure data accuracy and integrity.
• Maintain communication with regulatory bodies such as the DIFC.
• Oversee guarantee issuance and manage bank reconciliation to maintain financial accuracy and compliance.
•Coordinate project insurance renewals and ensure timely payments.
• Manage all aspects of payroll accounting including recording monthly salary provisions, posting actual salaries, allocating costs by project, reconciling salary payable and preparing entries for employee benefits provisions and full & final calculations on SAP.
GRIP (DIFC) Ltd. is licensed and regulated by the Dubai Financial Services Authority (DFSA) and established within the Dubai International Financial Centre (DIFC) which provides Investment Banking and Wealth management services to ultra-high net worth individuals (UHNWI).
Key Responsibilities:
• Successfully managed the Internal Finance operations of the company.
• Facilitated timely and accurate reporting to the Dubai Financial Services Authority (DFSA) on PIB quarterly and annually, filed Board Resolutions and Audit Report to ensure compliance with regulatory requirements.
• Conducted research on pre-IPO companies, jurisdictions and their legal framework for investment and wealth structuring.
• Participated in diverse projects including Working Capital Solutions, Acquisitions and Disposals, Vessel Financing etc.
Achievements:
• Identified and analyzed major revenue and cost centers, playing a key role in budgeting and financial projection preparation.
• Independently undertook the annual audit and effectively liaised with external auditors to ensure seamless communication and timely completion of audit processes.
• Successfully negotiated and secured Group Health Insurance policies for employees, strategically categorized coverage to optimize benefits and costs and Professional Indemnity insurance, providing comprehensive coverage for the organization.
• Post and process journal entries to ensure all business transactions are recorded
• Update accounts receivable and issue invoices
• Update accounts payable and perform reconciliations
• Assist in the processing of balance sheets, income statements and other financial statements according to legal and company accounting and financial guidelines
• Assist with reviewing of expenses, payroll records etc. as assigned
• Update financial data in databases to ensure that information will be accurate and immediately available when needed
• Prepare and submit weekly/monthly reports
• Assist senior accountants in the preparation of monthly/yearly closings
• Processing invoices for all trade channel sales in line with contractual agreement inclusive of partner margin using Vend software.
• Daily preparation of Trade Channel Summary Report to assist the Marketing Team.
• Weekly preparation of Trade Sell-In Report for decision-making regarding Marketing Strategies and Promotions.
• Monthly reporting of Sales-Retail & Trade Channel along with reconciliation.
• Creation of POs for service/ goods approved by the Business Unit in line with the budget.
• Identifying Control deficiencies and recommending and designing stricter internal controls in Stores.
• Payroll processing involving HR calculations & WPS transfer.
• Performing day to day financial transactions, including verifying, classifying, computing, posting and recording accounts receivables' data.
• Managing accounts payable and processing due invoices for payments based on AP Summary Report.
• Preparation of Stock Audit Report and inventory reconciliation on a quarterly basis and reporting the variances if any.
• Provided Training and guidelines to Store Managers towards the preparation of Daily Sales and Cash Reports for smoother reporting.
• Constantly improving and streamlining the processes aimed at enhancing the quality and transparency in reporting of the dynamic organization.
• Monthly reconciliation of Sales Report with payment receipts and identifying inconsistencies.
• Assisting Finance Manger with processing Insurance Claims,
• Participated in meetings with the management and gathered legal documents required for the external Business Valuation of the entity.
• Contribute to the drafting of Financial Modelling closely with the Investment Manager.
• Review legal documentation for each investment opportunity (term sheets, shareholder agreements, subscription agreements, etc) and computation of NAV for the investors.
• Audit planning and Analytical review.
• Identification of key risk areas and risk assessment.
• Ensure the financial statements are prepared in accordance with IFRS.
• Systematically prepared documents and assembled financial statements for independent auditors.
• Performed review of accounting, payroll and purchasing records, sales etc.
• Provided audit opinion and proposed adjusting journal entries.
• Processing and bank reconciliations
• Worked in the Payables section of Finance Department.
• Performed SOA Reconciliations and Payment run.
• Keen understanding of Zoho software, invoice policies and procedures.
• Ensured compliance to Good Payable practices.
• Communicated significant issues like control deficiencies, non-compliance to the accounting standards to the senior, CFO and the clients and also made recommendations to rectify the same.
• Examined accounting records to ensure the completeness of supporting documents and correctness of journal entries, reconciled discrepancies.
• Worked in the Customer Service Department and Bank Assurance Department.
• Have covered the following areas: Branch functioning, Front Office, Teller functions, Retail Account Opening-KYC Norms, Retail Products, Branch and Back Office operations.
• Assisted customers with Account Opening and Loan formalities.
• Understanding CSO/CSR Functions.
• Worked in the Business Process Solutions Department.
• Have pursued Global Independence e-Learning programs in Ethics, Confidentiality and Audit.
• Dealt with HR Scan, Dynamic Payment Solutions (DynaPay) Software and Payment Processing.
• Assisted the management team of the company.
• Recording vouchers and receipts on MS-Excel.
Specialization: Advanced Financial Management (P4) Advanced Audit and Assurance (P7)
• Assistant Treasurer of the student council “Quadriga”, 2015-2016. • Event Management-DOC Talent Hunt 2016. • Participated in Workshop on “E-Application Procedure for PAN Card and E-filing of Income Tax Returns” • Class Representative 2016-2018. • Participated in Research Presentation Event.
XII Standard in 2013 with majors in Accountancy, Business Studies, Economics and Marketing. * Secured a score of 8.8 CGPA in X Standard in 2011.
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