Accounts Manager
Sea Eagles Group
Total years of experience :14 years, 9 Months
• Responsible for the overall group Accounting, Costing & Budgeting and group reporting
• Managed the accounting process, accounts payable and receivable process
• Managed the statutory compliances of all applicable statutes in the jurisdictions of KSA, UAE
• Prepared the cost estimates for placing new bids
1. Worked on cost analysis projects of large manufacturing companies (steel, cement, paper, engineering, FMCG sectors)
2. Analyze & Report client company performance connecting financial & non-financial data
3. Analyze the risk management process adopted by the organizations and their connect to the business performance
4. Perform financial analyses for improvement on operational and financial metrics
5. Preparation of company specific roadmap/report with improvement areas for each function
6. Provide and assist in implementing cost management models & tools in client companies
7. Assist in developing management reporting systems in client companies
8. Perform company & industrial analysis to assess the factors impacting competitiveness
1.Responsible for costing & Profitability Analysis of entire operations, controlling capex
2. Identify & report significant issues impact business performance and take proactive decisions
3. Preparation & Reporting of Weekly/Monthly MIS Reports along with analysis of key Indicators
4. Automated profitability reporting (up to GP) through COPA module
5. Completion of Monthly closing of Accounts and Group consolidation
6. Construction and Management of annual budgets in line with Financial strategies
7. Identify Cost Management Opportunities and drive for Optimization of Costs.
8. Pricing of the Products and managing the margins in distribution channels.
9. Analyze and report the performance of Outsourcing Units for efficiency improvement.
10. Review and approve of sales promotional activities (ATL & BTL), dealer and retailer margins
11. Identify opportunities for refinement and continually develop management information systems
12. Assessment the Impact of GST on the product costs
13. Preparation of Financial Statements with reconciliation of Payables and Receivables
14. Supervision of Accounting Activities ensuring statutory Compliances
1. Finalization of accounts and preparation of P& L accounts and Balance sheet.
2.Providing Monthly, Quarterly, and annual financial reports with detailed analysis.
3. Review and control of General Expenses through scrutiny and sanction of procurement proposals.
4.Evaluation and Negotiation of various contracts.
5.Highlight issues/trends and provide proposals and submissions to the management for cost and financial controlling.
6.Preparation of product wise cost sheets for all products and variants.
7.Proved Experience in costing in conjunction with the estimates for placing the tenders.
8.Implemented Activity Based Costing & Budgeting systems in the unit, enabling cost reduction
9.Completed Cost audit Assignments successfully without any adverse comments.
10.Experienced in handling internal, statutory, C&AG audits successfully with no adverse remarks.
11.Undertook Post Completion Audit of major projects undertaken and presented to the top managements as guidance for future projects.
12.Physical Verification of inventories and accurate valuation of all inventories.
13.Liasioning with Tariff Commission and other Govt Departments for product cost studies and price recommendations
1. Supervise day to day accounting of transactions.
2. Monthly Closing Activities for External and Internal reporting
3. Reconciliations of Bank and Inter-unit Transactions
4. Preparation of MIS reports for Top management.
5. Developed models for assessing the performance & financial progress for long-term projects.
6. Presentation of Capital & Revenue Budgets and the variance Analysis thereby enabling the cost control.
7. Experience in project control/accounting including project resourcing and costing predictions
8. Involved with the Strategic project Management towards achievement of successful project management
1. Expertise in preparation of Cost sheets for Heavy Earth Moving Equipments, Engineering Activities.
2. Prepared and Presented Monthly, Quarterly and Annual Cost and Management Reports, Financial follow-up reports.
3. Supervise the audit, review reports & initiate feedback for audit queries.
4. Established new Internal Controls to reduce costs while meeting the regulatory and Company policies and Procedures.
5. Reconciliation of Sales, Debtors, Stocks and periodical verification of Inventories.
6. Review on branch expenditures & provide suggestions for cost savings.
7. Formulated and Implemented Budgetary Control mechanisms in due coordination with executives.
8. Evaluated actual capacity utilization and made projections to the management on optimum utilization.
9. Approve to regularize all non recurring payments relating to branches.
10. Conduct special audits as and when management requires.
11. Prepared various Investment project reports for obtaining funding from Financial Institutions.
12. Review on leased properties & Infrastructural requirements in branches.
13. Visit branch offices & provide cost saving observations.
14. Review on usage of fleet vehicles & its fuel consumption.
15. Conduct sales audit and prepare MIS reports to top management.