Senior Finance and Reporting Specialist
H-E Parts International FZE
Total years of experience :18 years, 9 Months
Responsibilities:
- Preparation of monthly financial reports, complying to AASB/IFRS, including reviews of major balance sheet account reconciliation, preparation and posting of monthly journals, employee liability calculations and general ledger variance analysis.
- Management of the entire financial reporting process of the mining division (annual budgeted revenue of approximately $100 million), including the monthly closing of the journals.
- Monthly preparation of all balance sheet reconciliations and investigate differences.
- Liaise with the auditors for annual audit and year-end closings. Provide documentation and schedules required for statutory financial statements.
- Calculate and prepare tax computations and returns for payroll tax, BAS/GST, income tax, FBT, statutory payroll deductions and other taxes as required.
- Preparation of annual budgets and quarterly forecasts, in conjunction and agreement with the department heads.
- Assist with implementing and maintaining internal financial controls and procedures.
- Management of three direct reports, including annual performance reviews and day to day query management.
Responsibilities:
- Identify priority areas of risk and process improvement by understanding the organizations systems, corporate governance, objectives, risks, control frameworks and regulatory environments.
- Create and perform test plans and produce draft reports detailing results and observations.
- Lead teams to develop internal audit and risk management strategies and methodologies for clients.
- Coach and mentor colleagues and build internal relationships.
Achievements:
- Successful completion of essential Internal Audit Training modules before the deadline date.
- Positive and friendly relationship with clients and team members.
- Successful planning and project management of Internal Audit Assignments.
Responsibilities:
- Head of finance, administration and human resource departments for the Middle East offices.
- Manage three assistants for handling the accounting, administration and HR functions of two companies in the Middle East.
- Analyze business performance / requirements of internal control and continuous focus on business process improvement.
- Identify, develop and implement internal controls on areas of financial improvements.
- Work closely with Managing Director and department heads to align the expectations of the Board of Directors with company goals.
- Co-ordinate and prepare annual budgets and quarterly forecast. Ensure any variations to budgets, forecasts and previous period are explained in management reports.
- Co-ordinate with department heads to set realistic target per department.
- Prepare presentation for the key management personnel, highlighting financial performance and providing details of future strategies / directions.
- Conduct periodic meetings with department heads to discuss current position in terms of sales, potential opportunities, operational issues, debtor balances and forecast financial results (including cash flow forecast).
- Prepare various financial scenarios, to discuss and analyze three months forecast (where we think we will be) against budget (where we want to be).
- Communicate and prepare SMART goals and action plans (how do we get there), after agreeing with the department heads to work on the gap between the forecast and budget.
- Responsible to review month end closing transactions and ensure smooth closing process is followed.
- Ensure preparation / reporting of monthly financial results as per the IFRS, in strict accordance with the group deadlines.
- Ensure VAT compliance and timely filing of the returns.
- Ensure that debtors are monitored and collections are consistent with set company time frames. Ensure consistency with contract conditions.
- Monitoring and controlling administrative and human resource related issues. Review and authorise payroll summary report.
- Review and authorise bank reconciliation statements / petty cash statement on a weekly basis.
- Responsible for reviewing and authorising sales and purchase transactions.
- Ensure compliance with statutory authority and audit requirements, within the group deadline.
Achievements:
- Successful year on year control in costs against the budgets, which helped improve profits.
- Successful implementation of internal controls.
- Financial reporting deadlines were met every month.
- Received increment and performance based discretionary bonus in 2013, 2014, 2015, 2018, 2020 and 2021.
- Debtors turnover days were monitored and controlled, which helped improve cash position of the business.
Responsibilities:
- Provide assistance to representatives of the individual group company in formulation of budgeted financial statements.
- Analyze and evaluate budgeted financial statements and management assumptions to prepare reports and recommendations.
- Provide technical assistance to the companies on budget preparation and issues in current or proposed programs.
- Prepare charts and diagrams showing prior, current and projected revenues and expenditures.
- Analyze actual results against the budgets and obtain evidences and explanation for significant unfavourable variances.
- Prepare presentation highlighting actual performance deviations from the budgets.
- Conduct internal audit / compliance audit assignments for identifying control weaknesses.
- Prepare internal audit reports highlighting problem areas and issues, with conclusions and recommendations.
Achievements:
- Successfully highlighted problem areas in various subsidiaries and presented to the top management.
- Successfully designed and implemented effective and efficient internal controls.
- Successful implementation of internal controls in subsidiaries, leading to protecting company’s assets.
Responsibilities:
- Carry out quality process reviews of each business segment.
- Support management with development of new processes.
- Identify gap areas and suggest for process improvement or process redesign.
- Review of financial budgets for selected outlets. Analyze and challenge the budgets based on actual results and forecasts.
- Analysis and review of individual account balances for selected outlets in comparison with the prior month and previous year's results.
- Investigate any significant unusual variations through transaction level inquiries and reports from the accounting system (JD Edwards).
- Analysis and review of overall statement of financial position and profit and loss for selected outlets and investigate any significant variations from prior months and previous year's results.
Achievements:
- Successfully highlighted problem areas in various outlets and presented to the top management.
- Successful implementation of internal controls in non-performing subsidiaries, leading to protecting company’s assets.
Responsibilities:
- Initial discussions and kick off meeting with the clients and the audit team.
- Conduct understanding of financial reporting processes of the client, accounting policies and procedures.
- Conduct planning and budgeting of audit assignments.
- Communication with the client to obtain an understanding of their business and documentation of their financial processes.
- Review of key controls operating over the processes at entity level. Communicate control related issues to the management.
- Conduct planning and documentation of audit programs and procedures to test the operating effectiveness of controls.
- Conduct planning and documentation of substantive audit procedures for final audit and updating audit procedures.
- Scrutinise general ledger and adjustment entries, to investigate any unusual transaction.
- Identify and analyze issues and findings from the audit procedures of major account balances in the trial balance.
- Collect and analyze data to detect deficient controls, duplicated efforts, extravagance, fraud, or non-compliance with laws, regulations and management policies.
- Prepare financial statements and ensure compliance with the requirements of the accounting framework (IFRS / IAS).
- Investigate significant variances in different account balances from the previous period's audited figures.
- Responsible for completion and review of key and complex areas, planning and completion, critical matters and matters for discussion with manager and partner.
- Audit files documentation.
- Issue of signed financial statements to the client and final close-out, after obtaining management representation for specific matters.
Achievements:
- Successfully passed all ACCA exams in the first attempt. The ACCA qualification was sponsored by KPMG.
- Attended numerous training programs and certificates from KPMG, including risk management, audit and personal developments.
- Successfully carried our audit works and reviews with managers and partners.
- Was promoted from Audit Assistant to Semi - Senior and Senior Auditor due to exceptional performance and ACCA qualification.
- Carried out audit training for audit assistants, which improved the knowledge and experience of the new joiners in the audit department.
CPA Australia Active member since May 2019 Membership # 10343670 Membership year: 2019
FCCA, U.K. Association of Chartered Certified Accountants, U.K. Active member since Dec 2008 Fellow member since May 2019 Membership # 1192498 Membership Year: 2008
Cumulative GPA Score of 4.0 in Bachelor’s Degree Program. Certified for the Student President’s List for six semesters. Awarded and recognized for Excellent Academic Achievement