Finance Manager
TOP VANTAGE GROUP
مجموع سنوات الخبرة :18 years, 4 أشهر
• Serves as finance lead for the assigned business units which includes compiling and analyzing all financial information.
• Managing Company Finances, Accounts, Budgeting, MIS, Banking, Cash Flow Management, Working Capital Management, and reporting monthly & annual accounts.
• Developing strategies that work to minimize financial risk
• Preparing consolidated forecasts and budgets, and analyzes trends in revenue, expense, capital expenditures and other related areas.
• Managing any restructuring of operational and financial and engagements.
• Ensuring Statutory & legal Compliance.
• Liaising with Bankers to arrange new sources of finance and credit facilities.
• Handling Statutory Audit and ensuring follow up of legal compliance & procedure.
• Total Finalization of Accounts, making closing provisions, preparing WIP workings, Balance Confirmation of Debtors & Creditors, Preparation of consolidated & subsidiaries financials along with Cash Flow, Scrutiny of ledgers, Managing Statutory Compliance & Internal Auditors
• Overall Supervision of team to ensure the effective & timely completion of responsibilities assigned
• Preparing project cash flows, budgets & variance analysis & other such work as assigned by management from time to time
• Possessed good knowledge in the UAE VAT laws and regulations and perform various VAT related accounting tasks and review.
• Analyzes and reports on key drivers of business and company performance, including monthly and quarterly results and variance analysis.
Key Accomplishments:
• Managed the budget and cash flow for AED 30 Million Project for main contractor CPECC and client ADNOC and achieved to increase the overall Net profit up-to 20%
• Prepared budgets and overseeing the cash flow for USD 4 Million Project for main contractor CPP and client ADNOC and successfully managing the Project receivables and accounts payable.
• Managing the VAT for the Company & Subsidiaries and successfully filing the VAT returns with FTA and updating on any amendments as and when required.
• Supported and surpassed in successful completion of financial audit for Company and its Subsidiaries for the financial year 2018.
• Directly working with project manager and project cost controls to prepare project cost reporting and review project profit estimates and maintain healthy project cash-flows.
• Successfully completed ADNOC ICV Certification for the Company by providing all necessary information and supporting documents to the Certification Authority.
• Currently handing Budgets and Cash Flow for 20 million Civil Construction Works Project with CPECC for ADNOC Bab Integrated Facilities Project.
• Evaluation of payment and construction contract terms for significant projects.
• Maintained internal financial control over the project and ensures that invoices are rendered to clients on a timely basis according to contract terms and that project costs are properly processed and recorded.
• Aligned and Coordinated with other departments on project related financial matters and maintain this interface throughout the life of the project.
• Liaise with banks, and carry out all banking transactions including LC, Bank Guarantees and other banking requirements.
• Reviewed the commercial sections of major purchase orders and subcontracts for compliance with Company policy.
• Managed accounts payable and receivables processing for the Company and Subsidiaries including preparation of ageing reports.
• Performed month end and year end process including inter-company transactions, Bank reconciliations, Prepayments, Depreciation, Amortization, P&L analytic, Balance Sheet and closure entries in GL.
• Manage petty cash expense receipt, checking and organizing reimbursement.
• Prepared annual statutory financial statements and assisted with quarterly reviews and annual audits.
• Arranged for filing statutory VAT returns as per Federal Tax Authority rules and regulations in UAE.
• Provided inputs to any ad-hoc reporting and performed duties as required by Finance Manager.
• Developed strategies and planning for the fixed asset control and management according to the policies and regulations of the company.
• Advised on the depreciation and capitalisation of the fixed asset and updated accounting records for the acquisition and disposition in the accounting system.
• Assured completeness and reasonableness by reviewing depreciation calculated by fixed asset register.
• Ensured the proper reflection of reporting through the correct calculation of the profit and loss on disposal and sale of Fixed Assets.
• Coordinated with the auditors to evaluate the book value of assets with actuals as per fixed asset register and also performed periodical stock counts to verify the accuracy of stock levels.
• Verified that the invoice against actual stock received is matching with PO and receipts (GRN).
• Performed General Accounting duties (AR/AP/Petty Cash/Expense Claims/Bank Guarantees &Tender Bonds/Bank & Vendor Reconciliation/Bank Deposits and Transfers) as and when required by the Finance Manager.
Key Accomplishments:
• Ensured the accurate management of fixed assets through implementing assets numbering system and introducing bar coding system for fixed assets and inventory valued more than 20 million UAE Dirhams.
• Provided leadership and technical expertise to operations and finance personnel relative to the analysis and forecasting of inventories and unit cost data.
• Administered the fixed asset using numbering and coding system to find the true value of assets and ensured the management according to the fixed asset control policy and guidelines.
• Assigned fixed asset tags on the new purchase and mitigate the risk of misstatement in the actual fixed asset count and also arranged for insurance of PMV assets.
• Performed cost analysis and allocation for fixed assets and processed payments for suppliers on time against monthly invoices.
• Recorded monthly invoicing and entries related to Internal and External Hire of PMV Equipments as well as reviewed, investigated, and reconciled errors and inconsistencies in PMV Time Sheets, documents and reports.
• Coordinated with management in the preparation of audit schedules, provided documentation, and prepared to assist the company’s independent auditors on all matters relating to company accounting matters or practices.
Key Accomplishments:
• Assigned assets numbering system in the company for 2000 plus assets and supported the implementation of Oracle EBS R12 EAM Module for Arabtec Plant Division.
• Supported the achievement of company objectives through reducing fuel costs up to 20-30% in the company by implementing cost control techniques, strategic planning and cost analysis.
• Supported the internal auditors to finalise the month end closing of financial statements on time in full compliance with IFRS and company’s internal policies and regulations.
• Ensured the reporting of accounts receivable, payables, petty cash, variance analyses, and special project according to the company’s policies and regulation and produced MIS reports.
• Responsible for compliance and accounting of the excise duty liabilities for specific excise terminals and compliance and accounting of the VAT liabilities on the Clients’ operations.
• Provided cover for the preparation, validation and submission of monthly and quarterly VAT returns.
• Supported account manager in the formulation of financial accounts and other related documents for the Clients’ and performed several key functions such as reconciliation of purchase, sales, and other ledgers with attachments.
Key Accomplishments:
• Filing of VAT returns periodically, without fail and provided advice on tax planning and VAT.
• Communicated financial issues to the Clients’ and keeping them in good understanding of the financial position.
Accounting & Finance
Accounting & Finance