Manager - Finance & Accounts
Hazel Middle East FZE (Groupe Veritas Enterprise)
Total years of experience :17 years, 4 Months
Groupe Veritas Enterprises is focused on International Trade & Distribution of Chemicals - Petrochemicals / Petroleum /
Polymers / Solvents / Paper & Paper Boards and providing value addition services of blending, drumming and warehousing services with an
annual turnover of USD 650-700 million along with petrochemical terminal with capacity of 172, 000 cbm in Sharjah, UAE..
Role & Responsibilities:
❖ Hedging & Trade Risk Management
▪ Hedging Trade: Based on the recap of trade and the physical movement, Hedging the positions with exchange along with
monitoring of margin to control the speculation associated underlying asset.
▪ Trade Risk: Reviewing commercial terms and conditions of the contract.
❖ Accounting and Financial Reporting
▪ Managing and monitoring company's day to day financial accounting.
▪ Carrying out monthly review and month-end closing of accounts, posting adjusting entries and finalisation of books of
accounts at year end.
▪ Inventory control is one of the crucial processes as it carries high control risk and high asset value.
▪ Monitoring receivable and payables for timely receipts and payments and most importantly to control the cashflow.
❖ Compliance - Taxation, Regulatory Reporting
▪ Managing VAT for the group and filing of the return to FTA periodically as per the companies VAT schedule.
▪ Ensuring timely filing of regulatory reporting such as ESR, UBO.
❖ Auditing
▪ Preparation of standalone and consolidated financial statement of group entities in MENA region as per IFRS.
▪ Successfully leading the external audit process for all group companies within the given deadline.
❖ Treasury Management
▪ Preparation of daily cash flow.
▪ Making bank loan schedules and verifying the interest charged by banks.
▪ Maintaining the comparison of cost of sources of finance/debt facilities to efficiently manage the existing facility.
❖ Management Reporting
▪ Preparation of annual budget, monthly forecast & ad hoc financial analysis with detailed variance analysis for various cost
and revenue.
▪ Providing input and advise to business leaders on decisions and strategy.
PKF International is a global network of legally independent firms that provide quality accounting and business advisory
services around the world.
Role:
❖ Engaged in planning and performing operational and financial audits
❖ Steered efforts on identifying business process risks and advising management on steps to mitigate the identified risk
through issue of Management Letter
❖ Developed testing methodologies to evaluate the adequacy of Controls.
❖ Maintained a strong client focus, being responsive to client's requests, and develop/maintain productive working
relationships with client personnel
❖ Involved in planning and allocating resources and individuals in accordance with skills and schedules
❖ Reviewed financial statements to ensure compliance with IFRS and recommending improvements to the management
through management letters.