Finance Manager
Maritime And Mercantile International - MMI
مجموع سنوات الخبرة :8 years, 9 أشهر
Leading team of 6-8 people, ensuring timely reporting of group performance with variance analysis and other information to management for all the group companies on monthly basis.
Analyze and identify any significant differences between budget and actual margins, assist commercial finance and operation teams in resolving issues.
Prepare forecast and track changes - budget vs previous year.
Work in close conjunction with the Business Managers in formulating annual budgets, maintaining a dynamic model with the ability to support to Scenario planning, producing reports for managers, monthly phasing and upload of budgets in Microsoft Dynamics AX12.
Ensuring channel heads are provided with monthly profit and loss for the respective channel and other information as and when required.
Consolidating financials of all the group companies for timely quarterly reporting to Emirates Group.
Assist in preparation of Board packs with financial information and cash flows of all group companies.
Ensure statutory audit is completed in a smooth manner for all group companies.
Assist in EK Internal Audit, GFR team reviews and Government audits with required information.
Involved in Microsoft Dynamics AX12 implementation for various group companies.
Automation of various reports from Management Reporter.
Prepare A&P Budget in coordination with Finance Manager and Brand Managers within the framework of overall company budget.
Responsible to prepare monthly A&P forecast (last week) and timely close of A&P cost for the month by accounting all A&P vendor invoices, provisions in case of non-receipt of invoices and reversal of provisions where actual invoices were received (if provided earlier).
Prepare monthly A&P claims to be cross charged to the principals and send to principal after discussion with the brand managers.
Monitor LPO’s in the intranet system and ensure the invoices are received on completion of job and booked in the system, in case of non-receipt before month cut-off provide for same.
Follow up with principals in recovering the A&P claims within reasonable time and reconciliation of the same.
Monthly reconciliation of A&P local bills and other GL Accounts relating to A&P.
Monitor & evaluate events & significant promotional spends
Supervising day-to-day accounting transactions including debtors aging, cash budgeting and cash flow position. Actively following up accounts receivable and ensuring timely collections of the same.
Preparing monthly payroll of the consultants and attending to their inquiries on salary, issue of bank salary certificates and pay slips.
Facilitating the monthly closing of accounts and bank reconciliations and preparing Balance Sheet, Income Statement, schedules and notes to accounts and ensuing audit.
Dealing with banks for opening of company accounts and employee salary accounts.
Generating Monthly MIS on Profitability of the company as well as with the related companies such as Boston Foods, a franchisee of Subway International.
Conducting monthly Internal Audit of Subway stores; participating in stock taking and presenting reports to management for corrective actions.
Took part in planning budgets for the companies and dealing with banks for capital requirements.
Consolidated financial statements and other management reports such as MIS sales profit & loss according to branch/ segments to enable management to review the company’s profitability.
Prepared final statements including balance sheets, fixed assets registers and depreciation schedules as well as foreign creditors and supplier reconciliations
Managed the accounting of intercompany transactions related to sales and purchases and monthly close out procedures of the companies.
Monitored direct cost allocations to branches and stock statements.
Supervised reconciliations for branch and corporate bank; intercompany and Head Office and monthly stock statements. Also reviewed branch accounts and ledger.
Filed corporate returns and prepared service tax returns of the company and group companies.
Conducted branch visits for audit and presented findings and issues to the reporting manager.