Finance Manager
Gadlang Management Consultants
Total years of experience :11 years, 4 Months
• Successfully completed a 5-months GL Control assignment for “Wall Street Exchange Center LLC”, focusing on restructuring the GL accounts, reconciliations, completion of external audit, and addressing of issues raised by regulators.
• Streamlined and cleaned up the chart of accounts, enhancing the efficiency of financial processes.
• Facilitated a smooth completion of External Audit process, ensuring compliance with regulatory standards.
• Proactively addressed issues flagged by regulatory bodies such as the Central Bank of UAE, Internal Auditors, and Group Auditors, demonstrating strong problem-solving skills and attention to detail.
• Conducted comprehensive reconciliations across all financial heads, ensuring accuracy and integrity of financial data.
• Successfully completed 1-month reconciliation assignment for “Dubai Holding”, focusing on Bank and Receivables Reconciliations.
• Managing financial records, transactions, and VAT for multiple business units with professionalism and accuracy.
• Collaborating closely with multiple business units to understand their financial needs and providing expert guidance.
• Utilizing advanced MS Excel and accounting software to streamline processes and ensure compliance with regulations.
• Conducting in-depth financial analysis to identify areas for improvement and optimize financial performance.
• Generating detailed financial reports and presentations for stakeholders, highlighting key insights and recommendations.
• Spearheaded monthly financial reporting to Head Office, conducting comprehensive ratio and variance analysis alongside the preparation of other crucial reports and schedules.
• Worked on the preparation and control of the Rolling Budget and Forecast, with a specific focus on Operating Expenses (OPEX), ensuring the delivery of precise financial outcomes.
• Oversaw all facets of accounting operations, encompassing Accounts Receivable, Accounts Payable, Payroll, Inventory Management, Fixed Assets, and Debt Collection, among others, ensuring seamless functionality.
• Directed and mentored the Accounting Team, maintaining strict adherence to pertinent statutory laws, company policies, and procedures, thereby ensuring regulatory compliance.
• Formulated and upheld cash flow forecasts to optimize fund management strategies.
• Executed timely processing of payments and e-filing of crucial tax documents including VAT, Withholding Taxes, and Corporate Income Taxes, upholding regulatory obligations.
• Promoted relationships with diverse stakeholders, including employees, solicitors, bankers, customers, suppliers, and regulators, nurturing collaborative partnerships to drive organizational success.
• Prepared monthly financial reports for both local management and Head Office, detailing divisional breakdowns and accompanying schedules.
• Conducted analysis of financial reports, including variance analysis, and provided explanations for discrepancies from budget/forecast and prior year figures.
• Assisted in the preparation of quarterly rolling forecasts and annual budgets for submission to Head Office and analyzed forecast and budget data to identify changes and provisions, providing clear explanations for any deviations.
• Supervised the accounts’ payable function, ensuring timely processing of invoices and adherence to company policies and reconciled payable accounts with the general ledger monthly, while also managing income tax withholding and deposits to relevant authorities.
• Improved purchase cycle and supply chain processes through redesign and recommendations for enhanced internal controls and maintained employee databases and processed monthly payroll accurately and promptly.
• Reconcile payroll records with the general ledger and ensure compliance with standards and regulations while handling deductions for benefits and taxes, including filing of withholding income tax.
• Managed all aspects of fixed assets, from capital expenditure requests to disposals, in accordance with group policies, reconciled fixed asset records with the general ledger, and conducted regular physical verifications.
• Prepared landed cost sheets for inventory and optimized supply chain procedures to reduce costs while recording all stock-related journal entries and conduct regular physical stock counts.
• Reconcile inventory balances monthly and address any discrepancies with the supply chain team and Head Office.
• Prepared and submitted monthly sales tax returns, ensuring accuracy and compliance with tax authorities, and handled departmental notices related to sales tax and manage reconciliation with various modules and ledgers.
• Oversaw general, health, and life insurance policies, including recording additions and deletions, corresponded with insurance companies regarding premium payments and claims, and prepared necessary documents for policy renewals.
• Headed the preparation of monthly financial statements and various financial reports, facilitating informed decision-making and business support.
• Implemented internal control systems and collaborated with external auditors and stakeholders to ensure compliance and accuracy.
• Managed working capital effectively by establishing and supervising a dedicated debt collection team, ensuring the prompt collection of receivables.
• Prepared comprehensive monthly collection reports, analyzing variances, and strategizing for improvement.
• Oversaw the management of receivables, payables, and payroll processes, conducting monthly reconciliations and maintaining accounting schedules to ensure accuracy and compliance.
• Demonstrated proficiency in bank reconciliation, actively engaging with financial institutions for import/export Letter of Credits (LCs), discounting arrangements, and addressing various banking inquiries to support operational efficiency and financial transparency.
Member - Association of Chartered Certified Accountants (ACCA UK)
Bachelor’s in Commerce from University of Karachi - 2008
Certified Accounting Technician (CAT) a sub qualification of ACCA UK - 2007.