Internal Auditor
GEAP International (UAE) LLC
Total des années d'expérience :16 years, 1 Mois
Trade Receivables exposure analysis for new orders & follow up with clients & salespersons for receivables
Bank Receipt entries, Reconciliations, Debtors Balance confirmations, Statement of Accounts
Assisting in process of Import LC / Export LC
Overview Fund position movement
Process 3 way P.O. matching invoices for Inventory
Conduct physical stock verification
Involved in process of Consolidation of for offshore accounts
Assist in External Audit process
Corporate Investment Banking (CIB) - Sales and Marketing - FP&A Reporting Team - EMEA Region
Maintenance of Headcount (HC) movement,
Expense analysis, tracking, tagging, prior period adjustments, etc.
Providing commentaries on HC & Expense on periodic basis
Preparation of Monthly Deck, Slimmed down packs, various adhoc reporting for Top Management
Involved in Budgeting, Forecasting & planning exercise
Analyzing expenditure like Travel & Entertainment (T&E) and provide Top 50, Top 10 spenders, employee wise, Category wise
Pushdown of VAT expenses to various cost center
Undertake Transfer pricing method for cross border transactions
Adhoc analysis on HC & Expenses - Forecast vs plan vs Actuals, QoQ, YoY, etc.
Liaise with Onshore stakeholders, Top Management, inter dept. colleagues
Financial & Management Reporting, Budgeting, Forecasting & Variance Analysis
• Prepare Management Reports on Monthly & Quarterly basis and providing variance analysis for business results and highlighting the reasons for the variances
• Produce timely & accurate monthly Financial statements and assisting in month end closing activities
• Develop various MIS reports for Management decision making - Reports like Salesman ROI, Run Rate vs. Project business, Client profitability, Item profitability, Brand profitability, Major Brand Contributor - Sale / GP% wise, Sector Profitability, etc.
• Recording of transactions, Reconciliations, Coordination with Banks, Effective usage of working funds
• Coordinate with external auditors and provide them with the necessary reports / information, as required
Accounts Receivable / Client Management
• Control over invoicing, Credit period of debtors, advising on payment terms for big volume deals
• Reviewing Debtors Outstanding with Sales team on monthly basis and strategies collections plan and cash flow
• Building cordial relations & good rapport with clients
Accounts Payable / Vendor Management
• Control over vendor payments and checking of Fund availability and vendor credit period for payments
• Negotiating on the pricing and credit period with vendor
Inventory Management
• Monthly physical stock checking and reconciling the same with system inventory
• Monitor and undertake stock ageing analysis
• Identify Dead stock / obsolete items and plan to convert into cash by disposing it off through quantitative / value discount, sale below cost, etc.
Team Management - (8-10 staff, Department : Finance - Logistics - Warehouse)
• Maintaining the entire Team in good spirit by allocating and delegating work among colleagues based on their skill sets
• Taking periodic review of team work and discussing the same with Management
• Deputing staff and providing back up to the teams members in case of annual leave, emergencies, etc.
Management Reporting Team
Strategic Business Plans
• Responsible for assisting in formulation of future Business Plans for the total retail business among various countries of Middle East, Russia, Turkey & Europe
Budgeting / Forecasting
• Undertake Budgeting, Forecasting & Rephasing of the total retail business across different Regions, Countries, Brands, Divisions, Stores & Cost Centers
Reporting
• Model and provide previous, current and forecasted financial information to assist and enable Brand, Operations and Support Function Management to review performance and build business plans that optimize trading patterns.
• Production of various Periodic reports to business in time & with accuracy (like Key Feature Reports-KFR Profit & Loss, Stock Taking, Ageing of Inventory, etc.)
• Provide daily Sales & GP margin reports, Region wise / country wise, assist in producing Flash Results
• Monthly Pack to Top management - Brand wise, Division wise, Country wise, Region wise
Analysis
• Review Budget against Actual trading performance periodically, provide variance analysis for the same and publish it to business
• Undertake focused analysis on Capex / investment performance, brand, store & country profitability and ongoing costs reviews
• Illustrate results, trends or conditions which impact profitability
• Advising and assisting with various adhoc analysis, modeling and reporting
Team Management - (5 staff, Department: Finance)
Budgeting / Forecasting
• Examine budget estimates for completeness, accuracy, and conformance with co. policy & procedures
• Liaise with relevant managers to ensure that budget adjustment are made in accordance with Projects
Reporting
• Preparation & issuance of Quarterly Management Reports (MR) based on Locations, Projects, Clients, Division
• Monthly Cash Flow statements for Kuwait, India & Qatar office
Analysis
• Responsible for explaining variances between Actuals, YTD, Forecast & Full Year Profit & Loss account
• Analyze various reports to determine monthly expenditures, costs & manpower data in line with Budgets
Pricing
• Manage the process of developing accurate, complete, compliant and competitive service price proposal & Interact with sr. management for the same
• Determine areas requiring special financial pricing analysis and present findings & recommendations for leadership review
• Perform Cost Benefit analysis for various Pricing proposal for renewals of expiring Projects
• Maintaining log for all the Pricing proposals to track the status of the same
• Develop, formulate and recommend Pricing scenarios to address concerns and facilitate resolution
Project Payroll Management
• Appointed as SPOC (Single Point of Contact) for processing 4000+ Project employees settlement dues
• Responsible to liaise with higher management of US Clients for smooth closure of Project
• Involved in end to end process of finalizing Human Resource Management systems for Project Payroll
Procurement Restructuring
• Revamping overall structure of the Procurement function
• Setting up policies & procedures, assigning responsibilities and improvise the overall Process flow
Other
• Involved in setting up of liaison office for KRH INDIA - Mumbai
• Creation of New Chart of Accounts (COA)
• Continuously seek new ways to improve efficiency by implementing & design processes as per ISO requirements