Accounting Manager
Stones Real Estate Brokerage LLC (Alliance of EMAAR Properties)
Total years of experience :20 years, 4 Months
• Identifying risks associated with business and evaluating controls in place to mitigate those risks
• Performing full audit cycle including risk management and control management over operation's effectiveness, financial reliability and compliance with applicable directives and regulations
• Provide value addition in terms of cost savings, revenue recognition
• Maintain an informed perspective on organizational risks.
• Evaluate compliance with policies and procedures.
• Provide value added recommendations to improve processes.
• Identify reportable issues, perform root cause analysis, and provide remediation recommendations.
• Ensure identified audit findings have been vetted with appropriate management.
• Providing assurance over the design of controls for key areas of change prior to implementation.
• Manage full phases of Accounts Payable, Receivable, Fixed assets & GL codes.
• Prepare regular reports, budgets and summaries of accounting activities.
• Review the ledger postings, payments, revenue & cash balance reports on a daily basis & ensure correct taxation applied.
• Forecasting cash flow & ensuring funds allocation to various line of business units to operate effectively.
• Maintain banking relationships and negotiating loans & liaising with relevant government entities as upon requirements.
• Working with executives and business heads to prepare budgets and track profit / loss performance by business unit.
• Review of monthly P&L analytics and Balance Sheet reconciliations & periodic VAT submissions with detailed review.
• Supports the CEO in the development of the corporate strategies and various polices
Highlights
• Holds the distinction of being selected as Best Employee of Year 2018
• Managed to bring down direct cost with effective procedures improving the GP & EBITA %’s
• Managed to bring down the receivable collection DSO to 30- 45 days including tough collections & legal litigation cases.
• Successful with banks for short term & long term facilities for working capital requirements
• Reporting directly to CEO & Board of Directors
• Handling Full spectrum of Accounts / Finance Department
• Formulating strategic and long-term business plans
• Undertaking research in to pricing, and factors affecting performance in labor efficiency
• Developing and managing financial systems and modes with control techniques.
• Credit control, Inventory checks, Cost control techniques and Risk assessments
• Prepare the monthly financial reports with all needed financial and costing analysis comparing with Budget and KPIs.
• Manage the preparation of the official annual report of actual revenues, transfers, and expenses
• Arranging new sources of finance for a company's WC (TR, Bill discounting, LC’s) with banks & other financial institutions.
• Liaising with External auditors and management team for decision making and audits
Highlights
• Supervising and managing a team of 15+ Accountants+ Cost control Manager+ Accounts payable Manager..
• Implemented effective control procedures in Revenue leakages & able to enhance the revenue by 12%
• Successfully implemented product costing & pricing techniques with system controlled procedures
• Able to arrange bank facilities- LC's, Cheque discounting, TR, Bill discounting etc for WC requirements up to AED 5 M
• Managed to bring down the receivable collection DSO to 30- 45 days
• Reporting Directly to CFO & Board of Directors
• Supervising financial and accounting process in full spectrum
• Preparing & distribution of MIS report in IFRS standard to CFO, CEO and branch /department heads.
• Balance sheet schedules & review with data integrity in reporting.
• Managing Accounts Payable (AP) & Accounts receivable (AR) Payroll management & Fixed Asset.
• Implementing cost and credit control techniques and managing cash flow, Payroll, procurement and Fixed Asset
• Developing financial policies to ensure operational efficiency; Such as KPI’s, SOP’s etc
• Preparation of Budgeting / forecasting for CAPEX, OPEX, Cash flow & fund flow.
• Identifying &resolving invoicing issues, accounting discrepancies and other financial related issues.
• Collaborating with both internal and external auditors during financial and operational audits to meet all statutory deadlines.
• Ad-hoc tasks to support manager, team and business
Highlights
• Holds the distinction of being selected as Best Employee of Year 2012-13 (Finance Team)
• Managing a full cycle of Finance in Project (WPC- World Petroleum congress, Doha, Qatar) in 2012
• Successfully laid down procedures & control for Asset management with tagging & coding
• Successfully able to set up new 2 branches in Dubai handling full profile of Finance, Procurement & HR departments
• Key player in software implementation of Oracle 11i.
• Handling in all accounts payable& accounts receivable process, Fixed asset and GL modules
• Assisted in implementing cost control techniques, fixed asset management.
• Administered in input and timely payment to vendors with proper SOA reconciliation.
• Resolving in credit collection and invoice discrepancy matters with customers/ clients
• Maintaining company assets record and implementing asset management system with tagging
• Ensured effective preparation of balance sheet schedules with Schedules
• Finalization of accounts and verifying each GL code in detail.
• Auditing and verifying the documents relevance LPO, Contracts, Bank Guarantees, Port & Customs payment
• Assisting CFO in Du- diligence, Mergers and acquisitions.
• Intercompany invoice settlement and charges with 90 + entities.
Highlights
• Played a stellar role in setting up Cost control and Credit control procedures which was lauded by management.
• Setting up KPI’s, SOP, for Finance & Other Department increasing the operational efficiency intact with budgets.
• Key role with top management for Du- diligence & acquisition procedures.
• Key player in Logistics software implementation - WMS, O Neil, Exceed, Micro transport etc.
• Deftly provided assistance to Chief Accountant In- charge for reconciliations & schedule of B.S. Account Codes
• Performed customers follow ups in collection of EMI to loans & Involved in filing of Advance Tax and TDS Challans
• Reviewed expense reports and cash advances and managed process accounts payable checks and bi-weekly payroll
• Efficiently prepared monthly account reconciliation analysis as well as managed electronic funds transfer
• Responsible for the management of Supplier payments & Credit collections
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