Chief Financial Officer
Total years of experience :25 years, 3 Months
Finance, Accounting & Treasury
•Preparing and maintaining statutory books of accounts in compliance with prescribed accounting standards and corporate regulations.
•Finalising and maintaining various books of accounts, fixed Asset register in computerised system and involved in job costing. Monitoring Cost Sheet on daily & monthly basis. Hands on experience in product and construction costing.
•Preparing cash flow statement to monitor the inflow & outflow of cash and ensuring optimum utilisation of available cash in line with corporate goals.
•Interacting with suppliers / creditors for timely payments and handling receivables through ageing analysis to ensure the target with prominence to customer satisfaction.
•Preparing the annual budgets and monitoring the variances on monthly / Quarterly basis.
•Conversant with the procedure for arranging funded and non-funded facilities with the Bank for projects & working capital.
•Analysis of projects viability by preparing the costing and reviewing the terms & conditions set by the client.
Credit Administration
•Implementation of credit policy & period.
•Setting up monthly targets for collections and monitoring the same.
Taxation / Zakat:
•Ensuring the compliance of filing of the following returns as per the Zakat & VAT Laws across the group:
•Preparation of ZAKAT & VAT exhibits for group companies having operations in Saudi Arabia / Bahrain
•Exploring the method of cost control & cost reduction of overheads to improve the bottom line of the group companies.
Accountabilities:
•Managed the finance and accounting functions of corporate head office besides 6 group companies/divisions located in Al-Khobar.
•Day-to-day accounts, finance and banking, costing, statutory audit, VAT, Zakat & Budgeting activities of the companies with the help of Finance teams at different group companies.
Highlights:
•Handled budgets worth 500 million US$ for the group companies / divisions.
•Managed JV (SAGIA) companies worth US$.30 million
•Bank Facility Management - funded and nonfunded facilities amounting to US$ 350 Million
•Supervised and Managed 11 finance staff in corporate office plus 6 staff in group companies/divisions
worked in Dubai & India for the same group company
Accountabilities:
•Working as the Overall in charge of Accounts, Credit Control, Purchase, and Admin & HR Departments.
•Reviewing the day-to-day work of 22 staff in accounts, monthly accounts prepared by Chief Accountant and weekly and monthly cash flows.
•Conducting the variance analysis of various jobs.
•Performing the review of computer software & system related requirements with the help of Chief Accountant along with setting up targets for collection and monitoring the same.
•Implementing the credit policy and credit period along with liaising with debtors for timely recovery of payments due.
•Monitoring the day to purchase requirement with the help of Purchase Manager.
•Checking the stock levels of various items of raw material for placing orders to ensure smooth running of production operations.
•Recruiting the employees along with processing of visas both employment and visit.
•Monitoring of accommodation facilities, transport facilities and security, maintenance of the building.
•Attending to issues relating to labour force.
Highlights:
•Handled budgets worth AED.200 to 275 million over a period of three years.
•Successfully managed a team of 26 members.
Saudi Arabian Kent Co. Ltd., (Engineers and Contractors) Al-Khobar, KSA
Finalization of Statutory and Tax Accounts.
•Preparation of Audit Schedules for Statutory and Tax Audits.
•Reconciliation of Inter Company Accounts.
•Maintaining and Reconciliation of Branch Accounts.
•Liaisoning with Banks for Opening Letters of Credit Etc.
•Import Accounting.
•Preparation of Weekly Reports Relating to Imports and Banks Position.
•Monitoring Daily Cash Collections
Working Capital Management Relating to Branches All Over India.
•Preparation of Reports Relating to Branch Expenses.
Financial & Business Management