FINANCE MANAGER
Neo Capital DIFC Ltd
Total years of experience :10 years, 1 Months
Preparation of the financial accounts and regulatory returns in accordance with IFRS and timely submission of EPRS returns and audited financial statements to DFSA (Dubai Financial Service Authority).
Monitor investment portfolio performance on periodical basis.
Assessing financing strategy and access to different liquidity sources.
Coordinating on project basis within internal group finance sections.
Review financial risk exposure (Forex & Interest rate) and implement hedging strategy when needed.
Involved and successfully executed Valuation of the firm for prospect merger in local market with a REIT.
Monitoring Capital Adequacy, Capital Resources and EBCM requirement by DFSA and ensure there is no breach in capital requirement.
Preparation and submission of quarterly VAT returns as per FTA.
Preparation of Budget & Cashflow forecasts and regular monitoring.
Analysing Financial statements, key ratios, variances, forecasts, etc. and highlight the key indicators for the Executive Management.
Preparing Board presentations, MIS, etc. along with key inferences.
Ensuring compliance with local regulatory and firm guidelines for reporting and accounting.
Reduced Operating expense by reducing office costs and improving organization structure.
Effective liaison with auditors ( External & Internal ), VAT Consultants, Regulators, Bankers for finance function requirement
Preparation of entity specific manuals in accordance with DFSA rules
CRS and FATCA reporting to DFSA
Maintaining financial management systems and controls to identify, assess and control the financial resources and manage related risk
Preparation and reporting of Prudential - Investment, Insurance,
Intermediation and Banking Module (PIB) quarterly and annual report as
per Guidelines prescribed by the DFSA (Dubai Financial Service Authority).
Performed working of Input credit apportionment for VAT submission to
FTA.
Preparation and submission of data for Basel-III reporting to Central office
Effective use of Data Automation Application using Robotics to interpret
client’s data in detail to verify the Preparer Control, Process Control,
Segregation of duties, Gross & Net Margin Movement, 2 / 3 way data
correlation enhancing the quality aspect in Audit.
Overall analytical review of Balance sheet and Income statement for year
on year variance, Gross margin movement, budget vs Actual movement,
Product Mix Margin analysis.
Detailed analysis for Revenue year on year movement considering
various business and operational aspects like Product, Price, Core
Competence analysis, Revenue Growth analysis, Operational Efficiency
Ratio, Profitability Sustainability Ratios like, Operational Efficiency,
Liquidity and Leverage ratios.
Recoverability analysis for Debtor in correlation to revenue movement for
the year enhancing the provisioning aspect.
Inventory weighted average cost effectiveness and net realizable value
calculation.
courses: Cleared CFA USA Level 1 exams
(BMS) from