Finance Manager
Al Soor Investments LLC
مجموع سنوات الخبرة :18 years, 6 أشهر
Al Soor Investments L.L.C., founding its reputation since 2013, Is a multi-asset private company with strong, diversified portfolio of investments across real estate, hospitality, retail, manufacturing, logistics and legal sectors operating across UAE and International markets. Our successful businesses and partnerships have built our reputation as leader in our filed.
Key Result Areas
Collect, interpret and review financial information to analyze competitor performance, market trends, product profitability, customer profitability
Predict future financial trends and report to management and stakeholders, and provide advice how the company and future business decisions might be impacted
Prepare separate and consolidated financial statements, quarterly, half yearly and annually
Develop, implement and maintain systems of internal controls to safeguard financial assets of the Company
Develop strategies to minimize financial risks and prepare long term business plans based on these reports
Manage the company's financial accounting policies and Ensure compliance with accounting policies and regulatory requirements
Liaise with Internal Auditors, External Auditors, and IT consultants
Retail and Entertainment division was established in 2009 and diversified in different business lines luxury, mid-range and kids fashion brands, watches, jewelry, pearls and precious stones trading, drifting and kart racing, gourmet sweets and candies, concierge services, and cafe lounge.
Key Result Areas
Assist in the management of all accounting procedures and systems used by the organization
Assist in assessment of the long term financial trends and review prospects for future growth of income and new sales areas
Assist in the review of reports, analyze projections of sales and income against actual figures and suggests methods of improving the planning process
Assist in complying with all the financial and legal requirements, responsibilities and obligations, including statutory obligations
Manage and supervise daily accounting procedures and update monthly closing entries, i.e. provisions, accruals, and prepayments
Train and appraise individual team members to ensure targets are met and assist in the management of the performance and development of team members
Falcon Pack is a leading manufacturer and distributor of disposable food packaging products with an extensive range of more than 3000 diversified products comprising from Aluminum foil, Aluminum and Plastic containers, Cling film and other Plastic wraps, Paper/Plastic/Foam cups, Paper/Plastic/Foam plates, Tableware, Paper/Plastic bags, Hygiene & Safety products, Detergents and the customized products suitable for each market segment
Perform debtor risk assessment (DRA) based on the hard facts and soft facts assess to the credit risk of the prospective credit customer
Compare the DRA results of the prospective customers with the Company’s credit risk metrics and advise the management for accepting new credit customers’ orders
Negotiate payment plans with customers and set up loan terms and conditions
Maintain, update and control customers master file of above 3, 000 customers (local and foreign)
Maintain customers’ profiles that includes geographic, buying patterns, creditworthiness, purchase history, credit limit and payment pattern of the customers
Verify debtors’ Letter of Credits / Letter of Guarantees through predefined checklist to protect the company against various risks
Liaise with customers, as well as internal personnel including the sales team
Ensure that the payments from the customers received with in the due time while maintaining a high level of customer retention
Daily cheque and cash collection properly enter into system, prepare daily collection reports and submit to the chief financial controller.
Monitoring debtor balances to ensure a reduction in debtors days sales outstanding (DSO)
Generate weekly overdue reports and shared with the customers to follow up for overdue outstanding receivables
Maintain cash forecast based on the agreed credit terms with the customers
One of the BIG4 Chartered Accountants Firm across the world
Supervised Pakistan Steel Mills Corporation Private Limited (a largest manufacturing unit in Pakistan)’s statutory audit 2009, 2010 and 2011 respectively and reported material findings because of fraud and mismanagement
Performed special assignment with Pakistan Steel for calculation and reporting of opportunity loss because of detention of Ship under the order of International British Arbitration Court Canada
Supervised 40 Branches of National Bank of Pakistan (one of the largest Commercial Bank) in Statutory Audit December 2010
Monitor risk management policies and procedures to ensure that program and organizational risks are minimized
Advise the organization's leadership on appropriate insurance coverage for the organization and the Board of Directors
Managing, planning, supervision and review of the assignments/audits
Foreign reporting in accordance with instructions of the Group Auditors
Preparation of detailed reports on internal/external audit findings and making recommendations to improve organization’s accounting and management practices, internal controls and systems
One of the leading Chartered Accountants Firm across the world
• Supervise internal audit assignment of various leading Non-Banking Financial Institution in Pakistan (i.e. Dawood Asset Management Company and its Funds, PICIC Investment Company and its Funds), Sigma Leasing, and State Life Insurance
