Finance Manager
Arab Financial Services Company B.S.C (c), (Subsidiary of Arab Banking Corporation, Bahrain)
Total des années d'expérience :27 years, 0 Mois
Jun 2002 - Present Arab Financial Services Company B.S.C (c) Manama, Bahrain
(Subsidiary of Arab Banking Corporation, Bahrain)
Group Finance Manager
AFS is the leading provider of electronic-payments and consumer-finance outsourcing services in Middle East Region. Reporting to Deputy Chief Executive Officer, I am working with a team of six sub-ordinates.
Main Responsibilities:
• Finance Business Partner role with Business units, ensuring real and active partnership with Operations and Management
• Responsible for compliance of IFRS in Financial Statements.
• Internal Control compliance review for Finance Department
• Finalise Monthly Financial Statements, Management reports, Variance Analysis reports
• Finalise Monthly & Quarterly Reports for Parent Company (Arab Banking Corporation B.S.C.)
• Finalise Monthly Financial Statements for Joint Venture Company
• Responsible for Monthly Statistical Reports, Quarterly Prudential Information Reports and National Accounts Survey Report for Central Bank of Bahrain
• Liasoning with various departments for preparing & finalizing Annual Budget & Forecasts
• Preparing Board Package and presentations.
• Liasoning with External Auditors for finalizing Interim and Annual Financial Statements
• Managing Accounts Receivable & Accounts Payable (Revenue recognition, Expense allocations)
• Monitoring Daily Cash Flow Statements & Currency Exposures
• Reviewing Bank Reconciliations, Inter-Company Reconciliations
• Reviewing and processing Staff Expense Claims.
• Reviewing the Monthly Payroll reconciliation
• Administrator for the ERP System.
procedures.
• Reviewing and updating authorization guidelines, investment policy and credit risk manual for Audit Committee and Board approval.
• Review of Key Performance Indicator's for the department.
• Review prospect clients Financial Statements to assess credit worthiness
• Review of Financial Statements to assess any financial risk for outsourcing critical services to a vendor
• Leading Member of core team for implementation of web based ERP System
• Review and automation of various manual processes within Finance and Purchase department
Oct 2000 - May 2002 Almoayyed Air conditioning Contracting Manama, Bahrain
Accountant
• Preparation of Bank Reconciliations
• Preparation of Invoices & Following up on Accounts Receivable
• Handling Accounts Payables
• Petty Cash Disbursements & Reimbursements
• Liasoning with Bank for Letter of Credit, Bank Guarantees etc
Jul 1998- Sep2000 Indbank Merchant Banking Services Ltd. Mumbai, India
(Subsidiary of Indian Bank)
Accountant
• Preparing MIS Reports related to monthly income through Proprietary Trading, Brokerage, Demat Charges, Total recovery from Clients, Outstanding from clients at the end of the month
• Monitoring Client Risk Exposures & margin requirements for broking clients
• Preparing NAV Statements
• Follow up with branches for Quarterly internal audit reports & replies and submitting to the audit committee
• Handling Pay-in & Pay-out of Physical & Demat Shares
• Maintaining all Customers Accounts etc.
May 1997 - Jun 1998 Century Enka Limited Mumbai, India
Accountant
• Assisting in maintenance of various books of accounts
• Review of reports received from Stores Dept. & Monitoring Inventory Control
• Maintenance of inventory records & assisting in inventory valuation
• Conducting physical verification of inventory & reconciliation of stock records
I had pursued my studies for ACCA qualification (part time) while working at Arab Financial Services Company B.S.C(C) (present company) and became a ACCA member effective from 2011.
Jun 1994 - Apr 1997, Bachelor of Commerce, Mumbai University Mumbai, India
Jun 1992 - Mar 1994, Pre-Degree Course, Calicut University Palakkad, India