Manager Accounts & Finance
Fidinam DMCC
Total years of experience :16 years, 2 Months
• Handling and supervising a team of 10 sub-ordinates, managing accounts of group companies including consolidation and finalization of monthly accounts.
• Monitoring the day-to-day financial operations within the company such as payrolls, invoicing, AR/AP Reconciliation, banking, trade financing, financial reporting, budget preparation and variance analysis and Cash flow forecasting etc.
• FP&A on monthly basis.
• Managing accounts of group companies. Finalization of monthly accounts and intercompany reconciliation of transactions.
• Ensuring the compliance of Value Added Tax (VAT) as per UAE VAT Law by keeping records, filing quarterly returns.
• Working with external auditors to ensure correct and timely closing & reporting at year-end
• Preparation of LC documents for Banks, LC discounting, Banking etc.
• Recruiting accounting and financial staff and conducted performance evaluations
• Presenting recommendations to management on short- and long-term financial objectives and policies. Responsible for cost reduction opportunities across the organization.
• Ensuring compliance with local, state, and federal government requirements.
• Ensuring full budgetary control for OPEX and CAPEX. • Closely monitoring the doubtful AR balances for timely action.
• Managing operations of the company and overseas branches.
• Monthly Payroll through WPS.
• Ensured smooth transition to Value Added Tax (VAT) era for businesses in UAE.
• Managed and oversee the daily operations of the accounting department.
• Cash forecasting, Revenue and expenditure variance analysis.
• Prepared asset, liability, and capital account entries by compiling and analyzing account information
• Monitored and analyzed accounting data and produce financial reports and statements.
• Summarized current financial by collecting information; preparing balance sheet, profit and loss statement, and other reports.
• Establish and enforce proper accounting methods, policies and principles
• Coordinate and complete annual audits
• Preparation, review and analysis of MIS reports and periodic budget reviews.
• Reconciliation of accounts, budgeting and forecasting
• Assign projects and direct staff to ensure compliance and accuracy
• Controlling the daily cash and banking requirements.
• Manage and oversee the daily operations of the accounting department including:
• Month, Quarter and Yearend finalization of Accounts.
• Ensure that all daily treasury transactions are updated in group cash flow and update all transactions of acceptances, Guarantees, TRs and LCs in group cash flow on daily basis.
• Cash forecasting, Revenue and expenditure variance analysis
• Monitor and analyze accounting data and produce financial reports or statements
• Establish and enforce proper accounting methods, policies and principles
• Coordinate and complete annual audits
• Knowledge of logistics
• Heading a team of 5 sub-ordinates, responsible for Accounts, Finance.
• Developed and maintained comprehensive Management Information System (MIS).
• Preparing Management Accounts, Cash flows, Variances and other management reports.
• Ensuring accurate and timely month, quarter and year end closing.
• Handle monthly, quarterly and annual closings.
• Reconcile accounts payable and receivable.
• Compute taxes and prepare tax returns.
• Report on the company’s financial health and liquidity
• Audit financial transactions and documents
• Reinforce financial data confidentiality and conduct database backups when necessary
Comply with financial policies and regulations
• Preparation of internal audit reports and finalization of statutory audit of companies.
• Review and assessment of internal control procedures and accounting system.
• Work related to Company Incorporation and Annual E-filing of Companies to the MCA as per Regulatory
• Computation of Income Tax, Service Tax, Value Added Tax and preparation of TDS (Tax Deducted at Source) Return.
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