Finance Manager
Sera Group
Total des années d'expérience :29 years, 9 Mois
Owner & Finance Manager:-
Overall Business and operations management
Finance & Accounts, Management reporting (Monthly, Quarterly & Annual)
Cash Flow Management
Point of Contact for Bankers
Coach Staff and support to resolve issues to ensure efficient operations to enable high-quality support to internal and external customers
Inventory control
Ensuring proper and timely Value Added Tax returns (VAT)
A Subsidiary of a Al Shafar General Contracting. Al Shafar Interiors maintains a state of the art woodworking factory located in Dubai Investments Park (DIP). With both a manufacturing facility as well as complete in-house project personnel.
• Mananagement reporting (Monthly, Quarterly, Annual)
• Preperation and control of Budgets
• Point of contact for Internal & Statutory auditors, Bankers
• Inventory & Fixed asset control
• Payroll
• Responsible for the Finance & Accounts department and Stores (Inventory & Logistics)
• Leading a team of 6 direct reports
A leading provider of IT, Office equipment & Consumer electronic products including LCD Monitors, LCD TVs, Projectors, Printers, etc. with a regional Sales of US$ 100 million dollars.
• Cultivated an environment within the accounts department to enhance customer service mindset, promote individual empowerment and encourage professional growth
• Managed Implementation project of Sage 300 ERP
• Secured additional AED 100 million trade finance credit lines from Banking partners
• Improved Monthly management reporting, both in terms of reporting time line and content
• Improved Cash flow forecasting with tighter coordination with Business line managers
• Overall responsibilty for financial operation of the UAE region including:-
o Lead effective and efficient operation of finance and accounting functions and ensure congruence with organization’s objectives.
o Supporting role with President to ensure operational efficiency, maintaining and improving stakeholder relationships.
o Monthly, quarterly and annual management reporting for review by stakeholders.
o Preparation and submission of Annual Statutory Financials (IFRS).
o Working capital management, including enhancing and maintaining banking relationships and ensuring sufficient credit lines and trade finance are available in line with business volume.
o Ensure internal controls are in place to safeguard assets of the organization.
o Ensure adequate cash flow to meet the organization's needs.
o Lead, motivate and develop team of 5.
Fortune 100 Company headquartered in U.S.A, is a global leader in automotive experience, building efficiency and power solutions with a global Sales of US$ 34bn in 2010 (UAE Revenue: US$ 300M)
• Significantly Improved Inter-Company Accounts payable Internal audit scores with better reconciliation processes
• Executed an Accounts payable project to automate payment processes by integrating the Accounts Payable module with our online banking platform
• Improved the quality and timeliness of Balance Sheet reconciliations
• Documented Flow Chart for Accounting department processes for Sox Audit
• Lead a team of 11 (5 cross matrix) in a changing environment involving continuous improvement and variety of audits (eg. Internal, Compliance, Statutory & Sox)
• Lead a mixed team of 10 consisting of finance and logistic department members to improve Inventory control processes
• Overall responsibility for below listed Finance or Accounting functions in the Middle East Shared Services:-
o Intercompany & Third Party Accounts Payables
Improvement of Payables process, related controls and compliance.
Change agent to influence & coordinate with external departments for process improvement.
Ensuring adherence to company policies, eg FCPA, Purchase to Pay documentation, Intercompany etc.
o Import Letters of Credit.
o Quarterly reporting to corporate for financial information as per US GAAP.
o Preparation of Quarterly Forecasts & Yearly Plans for the Refrigeration & Manufacturing Division .
o Support Statutory & Internal auditors.
o Improvement of Internal Control environment, Compliance & Sox projects.
o Approval and review of Day to Day transactions & review of monthly Balance Sheet Reconciliations.
o Inventory control and reconciliation.
o Reporting on Hyperion Enterprise & now Hyperion Financial Management.
o Completion of Tax Packages.
o Lead, motivate and develop team of 11 (including 5 cross matrix).
Headquartered in Taipei, Taiwan, BenQ is a leading provider of IT & Consumer electronic products including LCD Displays, LCD TVs, Projectors, laptops, etc. with a global Sales of around US$ 2 billion dollars in 2007 (Middle East office Sales approx. US$ 100M)
• Set up Management reporting structure during start up of BenQs Middle East office
• Developed banking relationships to improve export letters of credit negotiation and payment collection
• Reduced Accounts receivable collection days outstanding by setting up robust credit control processes
• Set up satellite offices in the Middle East region specifically South Africa, Turkey and Morocco
• Supported in setup and improvement of BenQ India finance department
• Received BenQ Award “Employee of the Year - 2007” Region: Asia Pacific for smooth management of BenQ Siemens transition
• Overall responsiblility for financial operation of the Middle East region including:-
o Budget preparation & control, audit, accounting, monthly closing, account reconciliation, Annual Statutory Financial Statements, journal entry adjustments & General Ledger Maintenance.
o Prepares monthly, quarterely, and annual reports, forecasting.
o Letter of Credit Management, Accounts Receivable & Customer Credit control.
o Distribution Agreement Review, Other Banking & Legal administration.
o Control of spending for Marketing / distributor and reseller incentive / price protection & Inventory control
o Cash flow management, Accounts Payables.
o Development and implementation of internal controls, Interacting with other departments for issues having an impact on controls, accounting & reporting.
o Managing Employee Salary, Bonus & Incentive schemes.
o Develops financial statements, analyze business trends and operating costs.
o Supervise staff of 4. Received BenQ Award “Employee of the Year - 2007” Region: Asia Pacific
Responsibilities included complete control of accounts receivables, payables and inventory. Also responsible for keeping check on customer credit limits and pricing of various products. Handling all import costing. Responsible for all import
and export logistics and documentation. Processing of documentation in relation with refund claims of custom deposits. Assist in finalization of accounts.
Accounts Executive
Accounts Assistant
Audit Trainee
Passed Uniform CPA Examination, U.S.
Bachelor Of Commerce