Assistant Manager - Finance & Cost Control
Al Jaber Group
Total years of experience :25 years, 4 Months
Key Result Areas:
• Assuring the accuracy of Books of Accounts and Financial Statements, Internal Reconciliation and keeping track of finalization of accounts
• Key role in finalising the annual budgets, financial planning, risk analysis and forecasting
• Monitoring the actual performance against the budgets, conducting detailed analysis of the variations and effective measures for Cost Control, Productivity Maximisation, etc.
• Evaluating all income and expense accounts on a monthly basis and recommend for further improvement
• Carrying out project/product costing and breakeven analysis as well as margin analysis and pricing guidelines
• Developing Financial Projections, Business Plan and executing Feasibility Analysis for new projects and new business ventures as and when required
• Leading the Short Term Cash Flow Forecasts on a monthly basis as part of Treasury operations
• Authenticating the daily Banking, Cash management and ensuring optimum utilization of funds
• Checking all kind of invoices, credit & cash and validate the payments
• Reviewing the monthly payroll, employee advances and settlements
• Tapping the GL, Accruals & Provisions and monitoring the intercompany reconciliation
• Supervising Receivables & Payables Accounting, party reconciliation, ageing and credit policies
• Monitoring Stores operation, Inventory levels, control and audit
• Reviewing of procurement process, analysis and control with strict monitoring on price variance
• Developing and maintaining capital budget and management of Fixed Assets
• Ensuring the process on systematic billing and accounting is followed and follow-up on collections
• Preparing the MIS reports for management, and Financial model and Flash report for the Group within the cut off date
• Presenting the Financial statements and schedules for external Auditors within tight deadlines
• Ensuring that appropriate financial regulation and controls are in place and followed at all times
• Safeguarding the interest of the company in all internal and external dealings
• Successful implementation of ERP systems and facilitated staff training
Key Result Areas:
• Key role in Pre-opening and Project Accounts Management
• Prepared:
o Financial Projections, Business Plan and Feasibility analysis for new ventures
o Annual Budgets, Forecasts and Cash Flows
• Presented the financial reports and projections to the Management and Board
• Developed strong relationships with the banking partners and managed banking facilities for new projects and Working capital
• Established the Policies and Procedures for Finance Dept.
• Involved in tendering process and finalizing the Contractors and Suppliers
• Approved and monitored the project expenditure in line with the CAPEX budget
• Interfaced with Legal Dept. for the various external and Management contracts
• Coordinated with PROs for the licensing and obtaining of government approvals
• Performed the verification of:
o Books of Accounts & Financial Statements
o Internal Reconciliation and Finalization of Accounts
• Analysed the variations and effective measures for Cost Control
• Tracked the Receivables & Payables Accounting, controlled the Purchase Dept. & assured the periodic evaluation of suppliers and negotiated for the best deal
• Assisted the internal and external auditors with the financial reports and relevant information as required
• Led the company’s finance team of 15 members and performed periodic staff appraisal and training
• Co-ordinated timely implementation of ERP system for Accounting, Fixed assets, Inventory, PMS, POS, etc.
Managing the Accounts & Admin Functions
Supervising the Accounts & Audit functions