Finance Manager
Mayco Gate General Trading LLC
مجموع سنوات الخبرة :22 years, 4 أشهر
Mayco Gate General Trading LLC. Group Finance Manager
Period: From: 03.01.2020 to Present
Group Finance Manager (Reporting to Managing Director)
•Created organizational structures to improve accounting and finance functions.
•Executed vendor setup and payment, administration of bank accounts and account reconciliations.
•Supported operations management, sales, and marketing efforts to increase revenue and overall financial health.
•Delivered oversight of the finance function encompassing responsibility & operational accountability for financial control, operations, planning & analysis
•Directed financial reporting internal, statutory & regulatory reporting, accounting operations & budgeting.
•Demonstrated excellent leadership qualities & experience in modelling financial strategies, maintained finances of the organization effectively and increased profitability.
•Headed finance functions involving, determining financial objectives, designing & implementing systems, to facilitate internal financial control.
•Monitoring inflow / outflow of funds; taking adequate measures to ensure optimum utilization of available funds towards the accomplishment of organizational objectives.
•Formulating annual budgets and conducting variance analysis to determine the difference between projected & actual results and implementing corrective actions.
•Provide insights and analysis to complement the monthly
•Management accounts and forecasts.
•Prepared VAT reports and filing; stayed abreast of implemented changes in regulations and taxes; and drove implementation of internal controls.
•Closely monitored financial activities including income statement forecasting, cash flow, risk analysis, monthly closing processes and audit
•Collaborated with all branches / site accountants and other functional departments to deliver quarterly financial review updates to the executive and operational management.
Al Wasit Group Of Companies - Sharjah:
Period: From: 27.03.2017 to 30th September 2019
Group Finance Manager (Reporting to Managing Director)
•Directing, planning, implementing, and controlling the financial strategy of the organization.
•Managing the Cash Flow of the Group promptly working with Project heads / Senior Managers.
•Responsible for managing the financial day-to-day operational aspects of the company.
•Setting up the Group Budget on Annual Basis and monitoring the same, Identifying the cause for the variance with departmental head and implementing the corrective actions
•Manage and evaluate the income statements on a monthly and quarterly basis, to anticipate opportunities and impacts that may affect profitability.
•Evaluating the need for the financing and arranging the credit facilities in terms of TR, LC, and other facilities etc. from various bankers.
•Reviewed & discussed the MIS reports on monthly basis with Senior Management and taking corrective measures to improve the numbers.
•Assisted in performing external audits and preparation of financial statements in compliance with International Financial Reporting Standard (IFRS) and local laws.
•Management of the receivables / payables by reviewing customer's / supplier invoices, maintaining up to date client's/vendor's records (Ageing Reports)
•Responsible for maintaining accuracy of overall books and ensuring the closure of books on monthly basis.
•Lead the production of monthly MIS reporting encompassing detailed management accounts with analysis, operational and servicing reports.
•Registration of the group companies with FTA for VAT.
Sai Group of Companies: Finance Manager
Period: From: 05.03.2014 To: 08.01.2017
•Leading, Managing, Planning, Directing, and Controlling all aspects of accounts payable, accounts receivable, cash control.
•Overseeing the management of profitability, sales and cost, finance, growth, proper cash handling, risk management.
•Managed the finances of the organization, supervised the on-site personnel in their tasks which includes but were not limited to billing to customers, regulatory filing, payment of invoices and recording of the transactions in the ERP system.
•Arranging short/long term Loan with the bank such as business loan, cheque discounting and trade facilities -negotiate rate of interest from banks.
•Involved in planning, conducting, supervising, and finalizing audits of all related companies.
•Monitored the receivables of the company by following up each branch to collect past due accounts.
•Monitored the payables of the company by reviewing dues and paying them on time.
•Reviewed financial reports, monitored accounts, and prepared financial forecasts.
•Analyze financial activities and provide advice and guidance to management on future financial plans.
•Managed the cash by following the budget as agreed with the management.
•Initiated approval of deliveries based on credit limit assigned to each client.
•Evaluate company working capital-intercompany receivables, accounts receivables/ payables analysis.
•Processing the payroll as per the UAE labor laws.
•Coordinate with internal audit and annual external audit.
Trade Circle Enterprises LLC - Dubai - UAE
Finance Manager (Reporting to Managing Director)
Period: From: 04.10.2010 To: 15.02.2014
•Reviewed, implemented, and improved processes and controls necessary to ensure the smooth operation of the company.
•Conducting reviews and evaluations for cost reduction opportunities.
•Responsible for the budget -construction and execution monitoring.
•Managing the debt collection process through maintenance of adequate systems and controls to minimize outstanding debts.
•Managing the Cash Flow of the Group by liaising with customers and promptly working with Project heads / Senior Managers
•Arranging short/Long term loan with the bank-negotiating interest rates & restructuring current bank loans.
•Involved in planning, conducting, supervising, and finalizing audits of all related companies.
•Monitored the receivables /payables of `the company (Ageing Reports - Credit Limits Set)
•Initiated approval of deliveries based on credit limit assigned to each client.
•Ensure annual closure of books of accounts within the scheduled time and ensure that the required Financial Information reports are produced and presented to the Management.
•Processing the payroll as per the UAE labor laws
•Coordinate with internal audit and annual external audit.
•Closely monitored financial activities including income statement forecasting, budgeting variance analysis, project cost information /cash flow, risk analysis, monthly closing processes and audit.
Projects Link L.L.C. - Dubai - UAE
Period: From: 01.03.2005 To: 30.09.2010
Finance Manager (Reporting to Managing Director)
•Responsible for fiscal operations and performing related work as required for all the financial aspects of the department.
•Analyze business operation, trends, costs, revenue to provide relevant updates or advice to the local team.
•Overall supervision of the company's financial activities
•Lead annual budget plan preparations in coordination with the Operations and Management; and follow up on implementation.
•Ensure uses of financial resources are in line with the strategic plans and goals through coordination, review and oversight of budget, fiscal policies, accounting procedures, systems, and operations.
•Provide and oversee budgeting and financial management including budget formulation, justification, execution, and financial reporting.
•Supervise the finance team and provide technical supervision and leadership necessary for accomplishing the work of the Finance Segment.
•Set team objectives and competencies, observe employee's performance, and provide feedback.
•Annually evaluates employee's performance and ensured that subordinates receive necessary appraisals and training (if needed)
•Collaborate with the Management to resolve other financial operational issues.
•Provide recommendations on developing and implementing the Finance Section's strategies in compliance with the Managements strategic plans and goals.
•Prepares and reviews all the financial statements and accounting activities.
•Ensure annual closure of books of accounts within the scheduled time and ensure that the required Financial Information reports are produced and presented to the Management.
•Financial Reporting: Oversee the preparation and analysis of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements, ensuring compliance with accounting principles, regulations, and internal policies.
•Budgeting and Forecasting: Coordinate the development of annual operating budgets and forecasts in collaboration with department heads and the executive team, monitoring performance against targets and providing variance analysis.
•Financial Controls: Establish and maintain strong internal controls to safeguard assets, prevent fraud, and ensure compliance with financial regulations and industry standards.
•Team Management: Supervise and mentor a team of accountants, providing guidance, training, and performance evaluations to ensure high-quality work and professional development.
•Accounts Payable and Receivable: Oversee the accounts payable and accounts receivable functions, ensuring accurate and timely processing of invoices, payments, and collections.
•Cost Control and Analysis: Monitor and analyze costs, including labor, food and beverage, utilities, and other operational expenses, identifying areas for cost reduction, efficiency improvement, and profitability enhancement.
•Collaborate with internal stakeholders, including finance, operations, and other departments, to provide financial insights and support decision-making processes.
•Travel to different Locations of the Project to analyze and solve critical issues dealing with Finance, Cost Control, operating System, Software Applications Hardware, Networking etc.
Cleared Inter C.A. only
Finance & Costing - Major