Senior Manager - Accounts & Finance
KLUDI RAK LLC
Total des années d'expérience :14 years, 2 Mois
FINANCIAL PLANNING AND REPORTING
• Leading and managing the annual budget process; working closely with GM/Sales/Operations/Marketing in preparing budget; preparing templates, providing historical data to prepare new budget as per input.
• Monthly reporting on the financial position to Group CFO and the Board of Directors with meaningful and insightful commentary in monthly board packs around commercial and operational aspects of the business.
• Overviewing consolidation and finalization of accounts of the company including subsidiary company and providing report on Consolidated Financial Statements to the management on quarterly and yearly basis.
• Serving as key primary sign off for financial problem solving, capex requirements and ad hoc analysis for all levels and areas.
BUSINESS PARTNERING
• Analyzing and interpreting performance versus budget and versus last year. Recommending corrective actions/improvements as required. Working with commercial team to improve forecast accuracy and acting as the business partner of the General Manager.
• Working closely with the General Manager to identify ways to drive the profitability and performance of the business. Provide analysis and perspectives on key customers, spend areas, promotions, pricing etc.
• Evaluating performance with key performance indicators (KPI’s), engagement in proposal and finalization of annual bonus, incentive schemes for employees and customers.
• Performed key role during SAP implementation project (Year 2014) - FI-CO, Material Management - contribution being set up Chart of Accounts, Cost centers, Fixed Assets, Inventory, GL data into SAP.
• Part of Core team involved in acquisition of shareholding from foreign partner. Post-acquisition activities involved discussing and drafting post acquisition manufacturing footprint, business plan, legal and corporate governance.
FINANCIAL CONTROL AND OPERATIONS
• Credit Control management - review of credit customers, proposing credit limits for distribution partners, analysis of credit exposure.
• Cost Management - ensuring actual costs are in-line with budgeted costs and work with department heads to ensure appropriate controls and reporting are in place.
• Pricing - oversee the execution of customer price lists and changes on retailer/distributor terms, including rebates and discounts.
• Fund Management - optimizing handling of bank balances and bank deposits; initiate appropriate strategies to ensure funds are managed in the most cost-effective manner. Controlling corporate exposure to foreign exchange risks.
• Financing - Arranged term loans without covenant for AED 30 Mn. Arranged short term financing with multiple banks.
• Implemented Value Added Tax (VAT) process, owning and governing VAT payment and return process. Filing of Economic Substance Regulations (ESR) report, value-added certificate (KSA), in-country value certificate (ICV) (UAE).
• Governing payroll for the business, ensuring salaries are paid on time and correct.
• Coordinating statutory audit of finalization of accounts in accordance with IFRS. Experience of audit with 2 Big Four audit organizations.
• Supervising internal audits to drive compliance and highlight areas of risk within each business unit.
• Ensuring company insurance requirement and continuous cover to meet the demands of the business.
• Leading, directing and managing the activities of accounts and finance function to provide support for smooth operations of the business.
• Assisting in preparation of financial statements, supported by key ratios analysis and reporting on variances.
• Assisting in monthly accounts closing (bank reconciliations, accruals & prepayment entries).
• Treasury activities - working capital monitoring, cash flow projections for the organization and group, maintain bank relations.
• System development - Coordinated with the development team to design a new treasury module for faster processing of transactions.
• Reporting - providing senior management team with reports concerning market conditions, funding issues, cash-related risks.
• Preparation of legal documents (Resolutions, Minutes), analysis of bank documents (Bank agreements, Banking facilities)
• Assisting and resolving issues with internal and external auditors.