Finance Manager
Ifm Group
Total years of experience :12 years, 3 Months
Collaborating with executive teamsto formulate and ensure delivery of corporate strategies
and business plans.
Handling preparation and presentation of management reports containing detailed financial statements,
Overseeing monthly and quarterly financial results, performing analytical evaluation of financial performance
thorough ratio analysis, reporting on key metrics
Consolidating groupfinancialstatementsof eightdivisions anddeveloping decision supportreports.
Financial Reporting and Analysis
Developed and presented periodic financial reports to the corporate management and reported on KPIs. Formulated analytical financial reportsthat included ageing analysis, revenue forecasts, budgeted cash flows, reports with variance analysis and KPI analysis for effective performance measurement and cost control.
Receivables and Credit Control
Monitored collections for timely recovery of overdue receivables to ensure efficient working capital management. Oversaw vendor management, scrutinized purchase orders and reviewed vendor ageing for timely payments.
Monthly Closing and Internal Controls
Executed monthly closing of group companies and ensured all adjustments have been accounted for correctly. Administered identification of internal control deficiencies, mitigated business risks, and developed policies for financial improvements.
Achievements:
Mentoredthe finance team and controlled the implementation of ERP (Microsoft Dynamics) at the group companies. Strategized the group structure to centralized accounting and reduced monthly costs by almost 10%. Devised an incentive/commission computation system for sales executivesand given recognition award by Chairman. Overhauled and automated inventory recording process and corrected valuation mismatch of AED 2.5 million.
Managed large teams through the planning, execution, and completion stages of the audit and advisory engagements. Executed engagement planning and assessment of business and related audit risks. Counselled clients on complex financial reporting, risk management and compliance with laws. Reviewed financial statements, ensured compliance with IFRS and formulated audit reports. Performed financial analysis of financial position including review of cash flows, budgets and valuations. Fostered, managed and trained audit team of more than 10 members as a quality control reviewer.
Reporting for entire product costing for Oil and related products.
Assisting Manager Costing in developing financial budgets and standardization of BOM Bill of Material for SKU levels.
SKU rationalization techniques by reducing cost by locations and marketing channels.
Monitoring of Budget performance and improvements thereof in operating processes.
Development of cost reduction proposals for budgeting.
Comparison of Actual and Budgeted outputs using variance techniques highlighting wastages of material labor efficiency and overheads proper allocation and ascertainment.