Financial Controller
AHMED ABDUL RAHMAN & SONS GENERAL TRADING LLC
Total years of experience :28 years, 6 Months
Finance Contoller Reporting to Group General Manager
Finalization of Accounts- Preparation of Balance Sheet, Profit and Loss Accounts-BRS Statements, Inter Company Reconciliation Statements etc for Group Companies
Opening Letter of Credits-Submission of LC Documents- Acceptance of Document Arrival Notices-LC Margins Accountng etc/Opening of Bank Guarantees
Handling Credit Control-Documentation-setting up of credit limits-Controlling the credit
Limits- Giving Periodical reports to regarding the excess credit limit crossed customers.
Preparing the monthly and the annual budgets and monitoring the variance analysis
Assisting the General Manager in inventory control and the credit control activities
Interaction with the stores department for the better control of the inventory under the limits.
M/s.INVENTURE METAL PRODUCTS INDUSTRIES LLC
A Leading Contracting Company in the Field of Fabrication of Aluminum & Glass for Façade Buildings in the Construction Industries since 2005
Manager-Accounts Reporting to; MANAGING DIRECTOR
Finalization of Accounts- Preparation of Balance Sheet, Profit and Loss Accounts-BRS Statements, Inter Company Reconciliation Statements etc for Group Companies
Opening Letter of Credits-Submission of LC Documents- Acceptance of Document Arrival Notices-LC Margins Accountng etc/Opening of Bank Guarantees
Monitoring Progressive Invoices, Follow up of Payment Certificates, Monitoring of the projects
Preparation of Project wise profit and loss accounts and inform the management about the variations
Presently Implementing the ERP software by identifying the present weaknesses of the system and implementing better controls
Monitoring Sundry Creditors and Sundry Debtors- Monitoring the advance and the retention recoveries
Coordination with Banks for Projects Based Facilities
Knowledge in PPC Discounting-LATR documentations-Cheque discounting etc
Coordinate with the Purchase Departments by controlling the project wise purchases
MANAGING 12+ ACCOUNTANTS WITH A 6 LOCATIONS ACROSS THE UAE.
♦ Finalization of Accounts-Preparation of Monthly profit and loss account
Balance sheet and Consolidated group Balance sheet
♦ Preparation of Inter Company Reconciliation Statements
♦ Handling the credit control of the organisation- Controlling the bad debts- Controlling the
Sundry debtors beyond 120 days -Fixing the credit limits and controlling the customers and the sales
Team Monitoring the collection targets and the sales targets-Report to the Management by a daily
Basis.
♦ Monitoring Projects-Accounting of Invoices and follow up of Letter of Credits, Bank Guarantee etc
♦ Preparing Project wise profit and loss statements periodically
♦ Variance Analysis-Comparing the budgeted and the actual figures and report
To the Management
♦ Controlling Inventory by preparing slow moving stock reports
♦ Monthly MIS reports like Sales report, Debtors Age wise, Cash Budget to the Management
♦ Analysis of Financial Statements by way of ratio analysis
♦ Facing the statutory auditors and liaison works with the Bankers
♦ Monitoring Funds Position and Payments to the suppliers on time
♦ Assisting Group Finance Manager in various issues
♦Follow up of Payment certificates and payments
♦Coordination with the Auditors during consolidation of group balance sheet
♦ Finalisation of Accounts-Preparation of Monthly profit and loss account
Balancesheet
♦ Preparation of Inter Company Reconcilation Statements
♦ Forecasting working capital requirements and report to the Management
♦ Annual renewal of OCC limits with the Bank and preparing the projected
Financials independently
♦Responsible for Direct and Indirect taxes for the company
- Preparation & Submission of monthly central excise returns
- Preparation & submission of VAT returns
- Ensuring monthly TDS remittances and service tax payments
- Ensuring monthly EPF and ESI remittances and periodical returns
- Monitoring the Export formalities and follow up of the rewarehousing
Certificates
♦ Opening of Letter of Credit and follow ups
♦ Responsible for regular Income tax and sales tax assessments
♦ Facing the internal as well as statutory audits
♦ Finalisation of Accounts-Preparation of Monthly profit and loss account
Balancesheet
♦ Preparation of Inter Company Reconcilation Statements
♦ Monthly MIS report to the Management
♦ Responsible for Industrial Collections
♦ Responsible for TDS and Service Tax remittances
♦ Excise reconcilations
♦ Monitoring EPF and ESI remittances
♦ Issuing credit notes to the dealers
♦ Finalisation of Accounts-Preparation of Monthly profit and loss account
Balancesheet
♦ Preparation of Inter Company Reconcilation Statements
♦ Monthly MIS report to the Management
♦ Liasion works with the Government departments like Inspector of Factories,
PIPDIC, Pollution Control Board and Director of Industries and Commerce
♦ Preparation and Filing returns to Central Excise Dept, Commercial Taxes,
ESIC and EPF
♦Preparation of Royalty statement
♦Facing Internal as well as statutory audits
♦ Finalisation of Accounts-Preparation of Monthly profit and loss account
Balancesheet
♦ Responsible for supplier bills accounting
♦ Follow up of payments from the customers
♦ Preparation and Filing returns to Central Excise Dept, Commercial Taxes, ESIC and EPF