Group Accounts / Finance Manager
FBA Group W.L.L.
Total years of experience :21 years, 5 Months
• To be in-charge of the Business Unit’s financial accounts and systems, revenue recognition and general accounting policies and procedures.
• Ensure the timely completion of monthly, quarterly and annual financial statements of the Business Unit.
• Manage and prepare annual budgets for the Business Unit and perform periodic cost and productivity analyses on the same to ensure compliance with budgetary guidelines.
• Develop budgetary models, policies and procedures, budget benchmarks and budget savings plan and proposals.
• Develop and maintain a cash management program to ensure an adequate working capital and return on cash balances addressing the investment needs.
• Manage all aspects of corporate financial business processes in compliance with applicable laws and regulations.
• Perform special job-related management financial reports as needed.
• Serves as a strategic partner to the business unit Presidents, assisting with business strategy on a variety of financial related topics.
• Manages activities of staff engaged in the short- and long-range financial planning and budgeting of labor and expenses for assigned business unit.
• Manages Business Unit activities to promote profitability and ensure accurate budgeting and financial planning. Oversees development of mathematical models used in cost benefit analysis, short- and long-range projections and forecasts.
• Establishes department goals and action plans. Monitors and reports on progress in completing projects and accomplishing goals. Resolves complex issues and problems as needed.
• Meets accounting financial objectives by forecasting requirements; preparing an annual budget; scheduling expenditures; analyzing variances; initiating corrective actions.
• Monitoring, interpreting and preparing cash flows on weekly basis for corporate reporting.
• Confirms financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; preparing special reports.
• Costing & Pricing of Manufactured products.
• Interpreting accounting policy; applying observations and recommendations to operational issues.
• Maintaining General Ledgers, Sales Ledgers, Purchase Ledgers, Debit Note, Credit Note and Financial Statements
• Preparation of Payroll and necessary transfers.
• Manage Accounts Receivable and Payables.
• Managing day to day banking functions, including Bank Reconciliations, Cash Disbursement.
• Inventory Verification & Preparation of Stock statements.
• Supervision of Petty Cash expenses.
• Developing financial management mechanisms that minimize financial risk.
• Avoids legal challenges by understanding current and proposed legislation; enforcing accounting regulations; recommending new procedures.
• Protects organization's value by keeping information confidential.
• Coordinate with Auditor and Carrying out Audit & Performing legal compliance.
• Writing cheque payments and get the signed by the relevant signatories
• Delivering pay cheques to staff.
• Ensure that cash balances in the bank are accurate and maintained at a healthy balance
• Banking of cheque payments
• Posting of cheque payments into the system
• Receive bank statements and reconcile them with cash book figures.
• Ensure that petty cash payments made by the cashier are correct
• Review the reimbursement report for arithmetic accuracy
• Check and verify payment vouchers and the supporting documents.
• Ensure that management gets an accurate picture of total monthly receipts
• computing and classifying all receipts of the cash flow statement
• Prepare all Telegraphic Transfer payments for foreign suppliers
• Physical stock taking and recording
• Invoicing
• Creating and posting credit notes
• IT support
• Support role to other accounting positions in their absence
• Provide reports to the following individuals, departments and/or external contacts on the following basis
• Bank reconciliation report to Senior Accountant to check and verify bank balances and transactions on a monthly basis
• Cash flow report to portray the receipts side of the cash flow on monthly basis
• Preparing various reports to the Board of Directors and for the Stake Holders.
Software’s Used - Hot Soft ( Specially designed for Local Banking requirements)
Worked as a Commerce Head Of the Department & Accountancy Teacher
(Cambridge Curriculum- IGCSE & GCSE - ‘A’ Level & ‘O’ Level)
Co-ordinate and delegates duties and responsibilities to other department teachers
Checking lesson plans, reports from juniors.
Conducting examinations, evaluating results and remedial actions for weaker students.
Co-ordinate and mobilize extracurricular activities of the students and report to the management on time.
Worked as a senior accountant handling all types of accounting works like; preparing and keeping books of accounts, salary sheets, receipts and payments and report to the Accounts Manager.
Master Degree in Commerce and specialized in Finance
Post Graduate diploma in Information Technology having excellent knowledge in Programming languages like, C, C++, Java, Oracle, VB, and proficient in operating systems like MS office and Access etc..
Bachelor Degree in Commerce and elective in Co-Operation
