Head of Finance – Concept and Territories
Landmark International LLC (LMI).- Landmark Group
Total years of experience :32 years, 8 Months
Reporting to: COO
Profile: Overseeing Finance and operational functioning of GCC countries wherever LMI has presence (UAE, KSA, Bahrain, Oman, Kuwait & Qatar) with a workforce of around 1, 500 staff and a turnover of Dhs 1 billion ( USD 270 million). Responsible as a Finance head for UAE territory looking after Finance & Accounts, Administrative Operations, IT, Inventory Control, Warehousing and Logistics.
Working on Oracle Systems: Financials, WRMS, HRMS etc. with stringent deadlines.
Responsibilities:
• Partnering the COO and Business Heads for various commercial decisions on Markdowns, Events, Promotions, Purchases, new properties, etc.
• Liaison with Territories for approvals and decisions required from Concept (Head office)
• Purchase budgets and OTB fixation
• Inventory management with strict adherence to inventory holding KPI norms
• Feasibility studies, Lease deeds /documentation for new locations. Preparation of Business Proposals for Board’s approval for finalization of new properties.
• Loss prevention, reduction in Shrinkage and Damage Control.
Ensuring Internal checks and control for compliance of policies and procedures
• Coordination with PRO for various related issues like Sale permissions, Trade Licenses, and Employee related.
• Finalization of Accounts and preparation and presentation of monthly, quarterly and yearly MIS with strict deadlines and compliance with IFRS.
• Preparation of Annual Budgets and strict monitoring thereof.
• Preparation of 5-year business plan
• Fund Management - Daily monitoring of all collections for cash/ credit cards at all stores and tracking these from actual sales to deposit in Bank.
• Dealing with banks for LC’s, foreign exchange remittance for Foreign Suppliers
• Project monitoring of new stores and renovations with strict compliance of the schedule completion deadlines.
Reporting to: Chief Operating Officer - Corporate
Profile: Overall in-charge of Finance & Accounts, Administrative Operations Warehousing & Logistics for New look, Koton, Aftershock, Reiss for KSA.
Responsible for:
Finalization of Accounts, monthly financials and related MIS
Preparation & monitoring of annual financial budgets including inventory holdings and gift voucher promotions
Season-wise buying budgets
Event-wise sales budgets
Planning marketing spends, manpower & other variable expenses as per the budget
Daily monitoring of all collections for cash/debit/credit cards
Monitoring store-wise profitability/break-even analysis especially for low performing stores
Inventory management with strict adherence to inventory holding norms
Internal audit of stores
Implementation of systems & procedures and strict budgetary controls
Finalizing new properties & preparation of business proposals for Board’s approval
Handling new property projects with strict compliance of the schedule completion date
Reporting to: Group Financial Controller
Company Profile - One of the leading business houses in GCC dealing in construction materials.
With a work force of over 600 employees, turnover of around AED 600 million and a network of 8 branches in UAE and 4 branches in Oman and a product range of over 10, 000 products, the company is one of the largest traders for building material in gulf region with over 90 years of existence. The company has also undertaken some large turnkey projects for renowned property builders.
Profile:
• Overall in-charge of Finance & Accounts
• Responsible for all banking functions including those relating to trade finance and managing Working Capital Limits ( Funding and Non Funding)
• Responsible for day to day accounting functions, including those for payables, receivables, etc.
• Responsible for monitoring and implementation of budgets and associated controls
• Accountable for the consolidation and finalization of the monthly and yearly group balance sheets
• Implementation of different types of MIS as required by management
Was an active team member in the implementation of Oracle Financials.
Reporting to: Managing Director
Profile:
Responsible for Finance and Banking functions including function’s for imports, managing of working capital, coordination with freight forwarders and clearing agents for imports, control and management of all accounting functions, preparation of Budgets and regular follow up for variances, costing and price fixation.
Company and employee’s taxation, VAT & withholding tax (TDS)
Represent the company in dealing with KPMG for setting up of world’s latest technology retreading plant in collaboration with BANDAG-USA
Implementation of MIS reports as required by Management, monthly Profit & loss accounts
Responsible for Finalization of Balance Sheet as per Indian companies act as well as under US GAAP under the guidance of our Principal Auditors PWC.
Budgets and Budgetary Control
Liaison with Govt. Authorities Banks, Income Tax deptt.
Supervision of Imports, foreign exchange remittances, R.B.I. returns etc.
Audit of public & private limited companies, tax audits, special audits etc.
During internship, was exposed to various types of Audit, accounting work, book keeping, finalisation of various types of accounting practices being followed for proprietorship, partnership, public and private limited companies.
Audited non-profit making organizations.
Exposed to the nuances of various types of accounting practices.