Group Finance Controller
GULF CRAFT INC CO LLC
Total years of experience :13 years, 0 Months
• Develop and manage project budgets, forecasts, and financial models to assess project feasibility and profitability.
• Monitor project expenses, track variances, and implement corrective actions as needed.
• Prepare accurate and timely financial reports, including income statements, balance sheets, cash flow statements, and other relevant financial information.
• Collaborate with project managers and other teams to ensure financial alignment with project goals and objectives.
• Oversee cash flow management, optimizing liquidity while meeting financial obligations.
• Coordinate financial audits and tax filings, ensuring compliance with relevant regulations Big Four Auditors.
• Analyse financial data to provide insights and recommendations for cost reduction, revenue enhancement, and overall financial performance improvement.
• Assist in securing financing for projects, including preparing loan applications and financial presentations for investors and lenders.
• Stay updated on market trends, economic indicators, and regulatory changes that Can Impact company in Long run.
• Manage a team of finance and account officers, providing guidance, training, and performance evaluations.
• Responsible for computing product costing and project costing, further analysing the variations.
• Responsible for Inventory control & reconciliation
• Activity involved leading entire Finance and Accounting operation of the company.
• Handling the Treasury function and dealing with bank facilities.
• Preparation of cash flow forecast and weekly monitoring of variation.
• Monthly preparation of Management Accounts for 3 divisions. MIS reporting to MD and GM
• Responsible for preparation of annual Budgeting and Business Plan and further analysis of variances monthly.
• Set up of proper Accounting Policy and Internal Control SOP to comply with UAE VAT law..
• Preparation of VAT reports & Filling VAT returns
• Responsible for computing product costing and project costing, further analysing the variations.
• Responsible for Inventory control & reconciliation.
• Evaluation of Contracts with customer & Suppliers.
• Identifying Area of cost cutting and improve efficiency.
• Lesioning with Internal & External Auditors with Big Four Firms.
• Supervision of Legal documents Renewal e.g Trade Licence, Vehicle Registration, Insurances Etc
• Activity involved leading entire Finance and Accounting operation of the group.
• Handling the Treasury function and dealing with bank facilities.
• Preparation of cash flow forecast and weekly monitoring of variation.
• Monthly preparation of Management Accounts for 3 divisions. MIS reporting to MD and GM
• Responsible for preparation of annual Budgeting and Business Plan and further analysis of variances monthly.
• Set up of proper Accounting Policy and Documentation, also to comply with UAE VAT law..
• Preparation of VAT reports & Filling VAT returns
• Responsible for computing product costing and project costing, further analysing the variations.
• Responsible for Inventory control & reconciliation.
• Setup of Internal Control and work flow process across various departments and automated various activities.
• Evaluation of Contracts with customer & Suppliers.
• Identifying Area of cost cutting and improve efficiency.
• Receivable & Payable Ledger reconciliation.
• Lesioning with Internal & External Auditors with Big Four Firms.
Actively involved in proper maintenance of books of accounts and time line based monthly financial reporting to CEO and Board. Forecast working capital requirement of the company. Company is having production capacity for 2500 MT per Month.
Responsible for Financial Management and end to end preparation, Finalisation, and consolidation of complete Book of Accounts in accordance with IFRS/IAS.
Responsible for monitoring timely and accurate accounting and recording for day to day transactions
Cash Flow Management and forecasting.
Responsible for proper procurement planning and negotiation with suppliers.
Responsible for Receivable and Payable control i.e credit policy for customers and negotiating terms with suppliers.
Responsible for preparation of Management Accounts & MIS Reporting
Responsible for monthly inventory/stock reconciliation, Monthly Inventory Ageing.
Hand on Experience in VAT implementation and set up of proper Accounting Policy and Documentation to comply with UAE VAT law.
Responsible for preparation of annual Budgeting and Business Plan and further analysis of variances monthly.
Identifying Area of cost cutting and improve efficiency.
Responsible for calculating standard costing and analysing variance thereof.
Responsible for handling both External and Internal Audit for year end with Big Four Firms.
Responsible for looking into legal, Licencing and other ministerial approvals.
Payroll Processing.
Acting as a Board Secretory for board Meetings.
Achievements
o Independent VAT implementation.
o Develop Accounting Policy for the company which previously didn’t exist.
o Built and customised system of Accounting ( FOCUS) in the Company as per company policy and IFRS requirement.
o Automated and Develop Layout of Various Documents in Software such as Performa Invoice and LPO’s, Job Cards which is being done manually previously.
o Link the Documents in the FOCUS to generate various reports.
o Set the Internal Control for the company and develop proper Inventory management procedure.
During my association with KPMG Assurance team, I worked on number of audit engagements involving critical deadlines and complex consolidations. I was involved in many Group/ Head Office level audits of large groups and MNCs across sectors comprising Manufacturing, Retail, Real Estate, Construction and Investment Holding entities.
I was rated as exceptional performer for all the years that I worked for KPMG..
Responsible for handling Statutory Audits, Internal Audits and preparation of Audit Reports.
Managed & Setup of system, for end to end preparation, Finalisation and consolidation of complete Book of Accounts in accordance with Accounting Standards, for clients.
Assisted in Concurrent Audit of Banks..
Assisted in providing financials consultancies related to Setting of Internal Controls, Drafting Accounting Policies of various Manufacturing Companies, Hospitals and Food Processing Company.