Financial Controller
Sika Kuwait W.L.L.
Total years of experience :14 years, 9 Months
Strategic Financial Management: Pivotal role in complete end to end structuring and scaling of finance function for Sika in Kuwait. Leading the finance function for all strategic business initiatives as well as operational activities
Budgeting and Forecasting: Diligently articulating and forecasting various financial and operational requirements of the company, which is budgeted annually and monitored periodically for any deviations
Responsible for Working Capital & Treasury Management, Implementing Cost Optimization Processes & streamlining operational procedures of the company
Reporting: Reporting to the top corporate management on financial health of the Company on Monthly, Quarterly and Annual basis. Assessing efficiency and effectiveness of systems of internal control as per policies, procedures, regulations, and laws.
Taxation & Audit: Leading the external and internal audit activity. Also responsible for assessing and filing of tax liabilities as per the regulatory requirements.
Operations, Admin and Logistics: Spearheading the daily logistics and operations of the company, instrumental role in streamlining the mode of operations from distributor to direct.
Team Management: Leading a Cross-functional team of 5 direct reportees, for efficient delivery of assigned responsibilities
Enterprise Risk management - Identification and assessment of risks at various departments based on COSO Framework and proposing mitigation plan for identified risks
Budgeting, Forecasting and Variance analysis:
Involved in the development of futuristic Economic Profit model at brand/country and regional level, and financial models for long term forecasts and capital expenditures
Analyzing periodic financials and Key Financial reports (KFR); Preparing Projections, ROI's and suggesting suitable recommendations
Trend Analysis and Management Reporting: Reviewed financial statements and trend analysis, presented to senior management. Analyzed performance reports of new stores against ROCI
Policy & Procedures: Developed policies and procedures with Key Performance Indicators(KPI) for various departments
Wide range of Internal Audit (IA), consulting and Managing Finance & Accounts (F&A) assignments
- Conducting audits to review the effectiveness and efficiency of internal controls;
- Providing consulting services to various clients on Enterprise Risk Management, COSO Guidelines, ERP controls, Standard Operating Procedures and Corporate Governance
- Conducted corporate trainings on auditing and accounting standards.
- Performing comprehensive field work including review of information / records / reports generated by various process applications, interacting with process owners, performing tests and carrying out relevant analysis, recording results and compiling audit working papers.
- Informing Engagement Manager about progress of the audit on regular basis, discussing results of field work and audit observations.
- Preparing and discussing draft audit report with the process owners for identified issues along with root cause analysis, suggesting corrective actions and obtaining management agreement.
- Preparation and finalization of Financial Statements of Companies, Partnership firms and Sole Proprietorship firms;
- Preparation of project report for the purpose of project financing from Banks;
- Finance Process Mapping for the telecom company;
- External and Tax Audits of Proprietary Concerns, Partnership Firms, and Companies;
- Internal Audits of Various Business Organizations;
- Physical Stock Verification of Manufacturing Companies;
- Preparation of Income Tax Returns of Individuals, Partnership Firms, Public Trusts and Companies;
- Electronic filing of quarterly TDS returns of companies and public trusts with Income Tax Authorities.
- Preparation of project report for the purpose of project financing from Banks;
- Finance Process Mapping for the telecom company;
- External and Tax Audits of Proprietary Concerns, Partnership Firms, and Companies;
- Internal Audits of Various Business Organizations;
- Preparing Cash Flow and Funds Flow statements