Finance Manager
Automotive Distribution & Marketing Co
Total years of experience :16 years, 5 Months
• Spearhead team efforts on processing financial transactions, rendering analytical support in preparing/ consolidating data for various financial reports.
• Prepare/ interpret management reporting on balance sheets, cash flow and profit and loss statement, including monthly explanation of variances to budget.
• Assist board of directors in decision making by effective strategic analysis, produce and formulating strategic and long-term business plans, budget, management reports and variance analysis.
• Interact with the senior management and other stakeholders for finalizing on organizational plans.
• Implement and measure organizational financial plans, budgets and forecasting activities aligned to corporate strategies.
• Ensure availability of adequate funds to cater to ongoing operational and capital investment requirements.
• Focus on enhancing profitability opportunities by applying benchmark cost structures and sales metrics.
• Develop rapport with key decision makers across government organizations, banks and other financial institutions for maintaining steady fund flow for accomplishing organizational business objectives.
• Confirms financial status by monitoring revenue and expenses, coordinating the collection, consolidation, stock management and evaluation of financial data
• Worked cross functionally to ensure Customer Experience initiative was on time and all leaders were aligned on financial and operational targets.
• Achieve operation excellence by improving process, analyze financial and operational performance against key business metrics and document pertinent financial and operational highlights that will enable management to determine progress against budgets.
• Define/ implement financial & accounting system, policies and procedures for accounts based on organizational policies and statutory requirements
• Collaborate with external / internal auditors in planning / implementing periodic audit and yearend balance sheet to provide required reports.
• Ensuring the company is adheres to laws, regulations and internal policies, enforcing regulations in all aspects of business. Liaison with external auditors, internal auditors, Tax authorities and fulfil all requirements.
• Collate, prepare and interpret reports, budgets, accounts, commentaries and financial statements to ascertain organizational financial health.
• Assessed and aligned financial and business systems/models to organizational policies and other statutory regulations to ensure seamless operations.
• Assisted the board of directors in defining and implementing strategies and long-term business plans as well as in evaluating budget variances for implementing effective remedial measures.
• Conducted research into pricing, competitors, customer needs and expectation and factors affecting market to introduce competitive product prices.
• Managed the preparation of the company's budget, Monthly variance and achievement monitoring.
• Enhance profitability opportunities by applying benchmark cost structures and sales metrics as well as by managing monthly budget variances.
• Enhanced organizational target accomplishments by identifying and evaluating potential operational improvement and finalizing action plans in coordination with the management and the staff.
• Set up effective internal controls and process improvement initiatives aimed at enhancing operational efficiency in the finance department.
• Ensured availability of funds to cater to ongoing operational and capital investment requirements. Confirmed financial status by monitoring revenue and expenses, coordinated collection, consolidation, stock management and evaluation of financial data.
• Effectively managed day to day operations of the finance department and implemented initiatives to improve staff cost efficiency, managing payroll and incentives.
• Evaluate, design and implement financial & accounting system, policies and procedures for accounts based on organizational policies and statutory requirements
• Maintain updated database of financial information aligned to statutory and operational requirements.
• Followed up with concerned stakeholders (external auditors, internal auditors, and tax authorities) in ensuring compliance to laws, regulations and internal policies pertaining to day to day business transactions
Lead accounts team in order to meet company and department objectives.
Ensure compliance with all policies, procedures, processes and standards pertaining to finance and accounts and Contribute toward the development and implementation of accounting and control policies and procedures.
Preparing daily, weekly and monthly reports for the management within the given time limits
Assists in the preparation of the annual working Budget and control over Budget variances.
General ledger and sub ledgers reconciliation and verification.
Develop ERP system (ADP autoline) reports, contact, and follow IT up for the implementation.
After sales accounting head, review after sales work in process, prepare ageing, Supervise all aspects of Warranty, Preparing and analyzing After sales monthly KPI’s.
Responsible for Costing, preparing Monthly Inventory ageing report, reconciliation with Nominal Ledger and preparing monthly parts provision.
Monitoring all aspects of cash and banks, Affiliated and intercompany
Monitoring all aspects of monthly payroll, GOSI and EOSB.
Liaise with External and internal auditors for all related matters.
Utilize teamwork to develop departmental synergy.
Ensures that written performance evaluations of supervised employees are completed as required, provides continuous feedback on personnel performance issues, and takes immediate action to recognize achievements and address deficiencies or problems.
Maintain all Manufacturer and foreign suppliers’ accounts and reconciliations.
Keep and maintain all Insurance aspects.
Costing for new vehicles.
Accounts payable reconciliation, verification, aging and settlement process.
Monitoring all aspects of monthly payroll.
Supervising inventory counts, inputting inventory data and evaluating reports.
Monitoring and control customers ‘credit. According to receivable aging policy and monthly reconciliation.
Follow up insurance installments. Prepare its payments and prepayment scheduling and monthly reconciliation.
Monthly Affiliated Reconciliation
Follow up and reconcile bank accounts.
Assist manager for financial reports.
Finance and Accounting