Financial Controller
Rocky Real Estate
مجموع سنوات الخبرة :14 years, 5 أشهر
Al-Futtaim Group, founded over 70 years ago, is one of the most respected corporations in MENA & Asia Pacific regions. It operates collectively over 40 companies bearing Al-Futtaim name, dominates many market segments across MENA region
Senior Finance Manager/Internal Control & Compliance - SAP ERP
1. SAP Migration including Authorization matrix (GRC) 2. Fraud Detection
3. VAT transition (Design, SOPs & System Development)
4. Cost saving of AED 1.5m by improving efficiency in Vehicle Fleet Management 5. Exceptional effort award for saving AED 3m
6. SAP process & reporting enhancements
Key Roles & Responsibilities:
1. Identification of process gaps, developing and revision of Standard Operating Procedures (SOP’s) & Delegation of Authority (DOA) on Record to Report (R2R), Order to Cash (O2C) & Procure to Pay (P2P) to adopt industry best control practices
2. SAP system enhancement projects (including integration with SAP like C4C, Construction Planning Module (CPM), Primavera, Service Max etc.)in coordination with business stakeholders & Enterprise IT to transform critical processes/policies, controls to strengthen the data quality, integrity and availability for qualitative automated reporting for senior management
3. Periodic assessment & monitoring of the adequacy, reliability and effectiveness of internal control framework, including the group policies/DOAs to ensure proactive action & revision whenever required
4. Planning, Execution & Timely closure of Internal, External & VAT audits
5. Redesigning internal controls/policies/processes by using central repository of all the internal, external & VAT audit recommendations
6. Constant risk review of project life cycle for Revenue recognition (IFRS 15), Cost to come, Contract Assets, Contract Liabilities, Onerous contracts, Work in progress, Cost to come, VAT compliant customer billing, Cashflow, Inventory, Variation, claims register, Unallocated credits, provisions, penalties and back charges
7. IFRS 16 compliance through REFX module
8. VAT return filling as per deadlines
9. Identifying and implementing process improvements using SIX Sigma and other best industry best practices in cost controlling areas to bring cost efficiencies/reduction
10. Formulate strategies and develop initiatives to promote a positive internal control culture and work with internal stakeholders to ensure the Organization adheres to compliance requirements
11. Conduct gap analysis on new regulatory development and ensure new regulations are implemented properly and participate in special reviews and projects when required
12. Book closure and financial reporting (IFRS) as per group guidelines
13. Monthly review of Trail balance, GL schedules, Cash flow, O2C and P2P cycles
14. Flagging/reporting of key risk areas using central repository of risks register to the senior management stakeholders
Projects - Project Manager - SAP Migration (4.7 to ECC 6.0) - 03/2018 to 03/2019 :
1. Migration of Project Systems, Service & Maintenance, Material Management, Sales & Distribution and Financials & controlling modules including SAP GRC
2. 8 SAP entities, 900+ PS Projects, 3500+ SM Jobs, 8000+ Open LPO’, 12000+ stock items
A global company with operations spread across 5 continents, Super-Max is one of the leading razor blade manufacturing companies having 19 regional offices and 7000 people spanning 60 nationalities
Location Finance Controller
Key Roles & Responsibilities:
1. Monthly and yearly financial reporting (IFRS) for Australia, USA and Bangladesh location
2. Annual & rolling budgeting with business and management stakeholders as per group guidelines
3. Variance & trend analysis of performance (Budget vs Actual) via constant monitoring of cost & risk management
4. P&L, Balance sheet, Cash flow & ratio analysis (ROCE, Turn days: Debtor/Payable/Inventory)
5. Co-ordination with location team to cater their requirement and management requirement for reporting
6. Established accounting ERP, Internal controls, SOPs & DOAs
7. Periodic assessment & monitoring of the adequacy, reliability and effectiveness of internal controls policies/DOAs to ensure proactive revision whenever required
8. Report automation to establish a “Real Time Data Analysis” and visualization tools for senior management
9. Coordination with Internal & External auditors for smooth conduct of audit
Liaised with financial director on reporting procedures.
* Full monthly financial reporting to head office.
* Reviewing purchase, sales, cash flow statements, receivables and payables to keep a track of financial
performance.
* Preparation of monthly and yearend financial reports under IFRS.
* Preparation of yearly and rolling forecast budgets.
* Coordination with auditors for smooth conduct of audit.
* Evaluating internal control systems with a view to highlight the shortcomings & implementing the necessary
recommendations.
* Establishment of complete accounting package to meet local and head office requirements.
Worked using SAP ERP.
Accountabilities:
* Planning & coordinating book closure of 5 profit centers every month.
* Coordinate with shared accounting service team for necessary book closure activity.
* Coordinate with core SAP team to ensure correct data is available for reporting at various managerial levels.
* Analysis of actual v/s forecast of key figures.
* Preparation and consolidation of various country reports.
* Preparation of yearly and rolling forecast budgets.
* Monthly analysis of expenses, revenue, cash flow and CWIP for all the profit centers and their cost centers.
* Order backlog analysis of evaluation of order margin, Monitor revenue recognition and cash flow.
* Reporting and Monitoring of Business Warehouse Reports.
* Coordination with auditors for smooth conduct of statutory/Internal, SOX and tax audit.
* Continued focus on Business efficiencies. i.e. Cash conversion cycle, DSO, DPO, DIH.
* Review of Bill Booking, PO, suppliers’ payment and receivables.
Currently Pursuing