Financial Controller
Strong Plant for Dewatering & Drainage Services LLC
Total years of experience :29 years, 6 Months
Close monitoring of contracts with Major clients such as Nakheel, JGE & DIP to ensure Monthly Invoices reflect the work done at site.
Co-ordinate with the Clients for Variations and follow up for the Work Orders and Employer Instructions to be able to invoice the emergency works.
Debtor reconciliations and follow-up for Collections (with sales team and direct with customers)
Monitor monthly account closing and consolidation.
Arranging asset-backed finance; Coordination with Bankers
Develop and implement internal controls and processes related to Accounts, Procurement and Inventory management.
Preparation of Monthly MIS reports and ad-hoc reports to provide pragmatic and accurate information to key stakeholders.
Key Responsibilities:
• Prepare and advice on financial feasibility of new contracts/projects, assisting the Tendering process
• Review and assist negotiation of sub-contracts
• Oversee the accounting function, cash flow management, preparation of income and expenses reports, monthly accounts etc.
• VAT related activities - registration; timely invoicing and bookings, filing periodic VAT returns
• Responsible to establish and maintain a professional working relationship with customers and employees
Providing effective financial leadership to enable strategic foresight into the business and also provide knowledgeable and accurate information to key stakeholders.
Developing accounting & financial strategies and forecasts for clients & internal use.
Formulating and implementing financial and business policies & procedures for GoMad ideas & our clients.
Market studies, business plans, Investment decks, financial models for various clients
Key Assignments and Accomplishments:
• Providing financial, commercial and strategic support to business
• Preparation and review of new/existing business models
• Involved in business planning, P&L, balance sheet and liquidity planning
• Cash flow analysis and management
• Preparation and reporting of income and expense forecasts
• Preparation of management information from source data
• Producing monthly management accounts & ad-hoc reports
• Developing, managing and motivating a team
Additionally, providing Financial Controller services to GoMad Inc. Delaware, USA
Investor relations, managing the cash-flow, ultimate responsibility for preparation of financial accounts and information, provide regular relevant analysis and assist to make course changing business decisions and advise on potential acquisitions and business decisions made by the company.
Key Assignments and Accomplishments:
• Designed the accounting system for 'social networking website' involving complex referral earnings scheme, User's e-store, virtual currency and a donations portal
• Supervise day to day accounting and book-keeping
• Liase with lawyers and legal representatives in USA
• Supervise maintenance of proper books of accounts as required by the International Accounting Standards
• Research and compile reports to increase user traffic on the website.
• Annual tax filings in USA
• Registration and annual renewal of American entity
Heading the GL team and preparing various MIS and other reports.
Key Responsibilities include:
• Supervise maintenance of proper Books of Accounts as required by the International Accounting Standards.
• Responsible for Monthly/Annual accounting information packages
• Ensure timely submission of Monthly report in Parent company format to Saudi office
• Consolidation of whole group including foreign entities
• Responsible for maintaining and updating the Chart of Accounts
• Handle special and critical assignments related to Shareholders/Legal requirements for information
• Design and implement a refund process for cancelled/on-hold projects
• Design and employ various customized reports for Oracle based ERP in coordination with IT
• Implement ERP for Lease and Facility Management business segments
• Liaise with Auditors - External and Internal
External Audits of the years 2008 and 2009.
Audits of Owners Association Books - Freehold Properties.
Various internal audit reports/queries
• Assist in developing and maintaining a strategic audit framework
• Developing the audit methodology and an annual audit plan incorporating risks identified via internal discussions with the business heads
• Prioritize and select the audit assignments to be undertaken in discussion with CIA.
• Preparation of audit strategy and plan for individual audit assignments outlining time frame, scope of audit and approach.
• Evaluating the adequacy and effectiveness of controls.
• Conducting risk assessment and suggest improvements to mitigate the risk.
• Preparation of executive summary report for top management.
• Follow up on implementation of audit recommendations.
• Designing a risk based audit approach to help management in addressing key business risks
• Drafting the annual audit plans covering the groups various divisions
• Framing policies and procedures and ensuring implementation after management approval
• Recommending feasible and practical solutions to the top management to mitigate business risks
• Evaluating the adequacy and effectiveness of controls
• Ensuring that procedures and policies are in place for safeguarding of assets, including periodic review of insurance coverage
• Ensuring compliance with laws, regulations, and contracts
• Ensuring adherence with the group financial, personal and operational policies and procedures
• Involved in the review of the Oracle implementation of Integrated Property Management System (IPMS)
Value added review and recommendations during the definition of current and expected business processes
Review of various stages of implementation and related reconciliation
Review of access controls in IPMS
• Review of ‘ManafSoft’ implementation - brokerage accounting package for the brokerage house
• Review of controls and procedures in connection with property sales and related collections
• Documented the process flow charts for Properties, Brokerage and Food divisions
Responsible for independent audit of public sector companies and government departments; Audits conducted at: ENOC Corporate, Department of health and medical services (DOHMS) and EPPCO Projects LLC
Key Responsibilities included:
• Conducting Government audit involving extensive data analysis and study of internal controls with a view to test the existence and effectiveness of controls
• Prepare audit plan outlining time frame, scope of audit and to prioritize the work areas to be covered
• Understanding of business and study of existing controls and procedures
• Review of various transactions to check adherence to managements various policies and analyzing the cause and effects of deviations and exceptions
• Scrutiny of financial statements with emphasis on trend analysis
• Exposure to corporate accounting and internal control systems followed in this region
Associated for five years with RIL with the commercial and procurement department and reporting to Group Senior Executive Vice President - Commercial.
The job profile revolved around getting conversant with various systems and procedures involved in the purchase function. Auditing activity performed to analyze purchase function to identify scope for efficiencies etc. Furthermore, I had the functional responsibility of negotiating and finalizing air and ocean freight rates for import of various capital items and spare parts.
Was well appreciated in the job and promoted within three years of joining.
Key Responsibilities included:
• Setting up of Purchase Committee for vetting purchase proposals for commercial and financial concurrence
• MIS reports on material management, flow of documents, and making and implementing various systems/ procedures for specific activities involving the finance departments at HO and sites, the commercial departments at various sites and the HO procurement department
• To liaison between auditors and the divisional heads of procurement and reporting to the management
• Involved in negotiation of commercial terms like total price and its break-up for the rate agreed, indirect tax incidence, terms of payment, insurance, delivery terms, discount/rebate etc
• Responsible for scheduling and finalization of audits and taxation related jobs.
• Independent review of audit assignments and reporting to the senior partner.
• Review of applicability of tax laws and advise clients.
• Representations before Tax authorities
• Three years of professional training as part of the Chartered Accountancy curriculum
• Here I gained substantial knowledge and exposure in the field of auditing, accounts, finance & taxation
• Responsible for conducting audits in accordance with the statutory and client requirements.
Certified Internal Auditor (CIA)
Along with the exams the course included work experience gained over a 3 year period in Accounting, Auditing, Taxation and Company Law in a variety of Industries and entities.
Bachelor of Commerce with Key subjects: Finance & Accounting Auditing Taxation
