Finance Manager
Smart Payments Collection LLC (Contra Investment Group)
Total des années d'expérience :18 years, 0 Mois
Key Result Areas:
Operational Excellence / Business Intelligence / Risk Management
Recruited as a Finance Manager to develop internal KPIs, identifying issues and/or control improvements for remediation, whilst assisting in building out actions plans and milestones.
Key contributions:
Oversee daily transactions, including accounts payable/receivable, general ledger, and bank reconciliations
Monitor and facilitate internal and external audits
Prepare budgeting reports and forecast revenues and execute action plan.
Monitor the daily performance of the accounting department
Organize financial data into useable information, and maintain updated records
Track the progress of financial and accounting objectives
Establish accounting internal controls, policies and procedures, aligned with the company’s targets
Ensure compliance with the UAE law
Comply with financial policies and regulations
Group Head of Accounts Department at Al Faisal Group dealing with Hospitality, Contracting, Manufacturing And Poultry Farm.
Recruited as a Group Internal Auditor & ERP Consultant ensure to set up a strong accounting software & ensure compliance are in place according to accounting standards. Promoted as Group Head of Accounts Department.
Key Contributions:
Manage the day to day financial operations from an end to end perspective
Implemented internal controls to ensure smooth monthly closing as per IFRS standards reducing external audits to half-yearly from quarterly, resulting into savings of AED 100K PA
Monitor internal and external audit facilities
Manage and supervise finance reporting, operational processes of Al Faisal Group of companies to ensure compliance with financial guidelines
Preparing annual budget plans & fiscal company goals and track monthly progress with leadership team
Ensure internal controls according to accounting standards are followed with in Al Faisal Group companies
Expertise knowledge in VAT, processing tax returns filing and paperwork for Al Faisal group companies to ensure good financial standing. Independently implemented VAT mechanism across Al Faisal group of companies resulting into the savings of AED 50K PA.
Worked as a consultant in implementing ERP & Payroll system in Al Faisal Group Companies
Involved in the yearly interest rate negotiations with banks during KYC & facility document renewal
Recruited as an SME for General Ledger & Intercompany process to take care of end to end transactional activities. Promoted to Team Lead for Corporate Banking Services and currently handling a team of 4 FTEs, responsible for delivering the ‘In House Banking’ (IHB) solution for Novo Nordisk & its Affiliates while ensuring that day to day performance KPIs are met
Key Contributions (as a Team Lead):
Realized 1 FTE saving through a Lean project garnering accolades from client
Handled offshore transitions to ensure business moves to the steady state operations & enabling the process in completing the tasks with an intention of reducing the errors with controls in place.
Working closely with the team in identifying the areas of concern & develop controls.
Helped the team in developing the competencies which resulted in promotion of all the team members
Continued to meet deadlines during the tenure while making sure that Relevant reporting is performed in compliance with NN requirements
Worked with the Quality personnel to drive continues improvement projects
Identified to travel to Zurich for European Accounting forum to meet the Directors & Management of Europe region as a part of Stakeholder Relation management
Suggesting solutions to achieve the ‘not-met’ KPIs & for improving team’s performance
Key Contributions (as an SME):
Expertise in SAP for the all the modules such as Accounts Payable, Accounts Receivable, Cash Management & General Ledger.
Experienced in preparation of monthly Bank Reconciliation statement
Expertise in reconciliation of receivable & payables with their respective statements
Expertise in Audit preparation of yearly financials in audit format and submitting to auditors for auditing & Strong in interaction with Auditors for Finalization of Accounts
Received high level of compliance report from Group Internal Auditor & PWC for 6 years in a row (Achieved by reviewing SARBOX key controls for the activities handled by the team)
Review and Approving the SOPs and process maps prepared by the team Preparation of Dashboards on Team’s performance and sharing the same with Management & Client
Identifying process simplification ideas / projects / initiatives within the team and take them to closure in liaise with the Business Excellence Team
Projects:
cLean 1 star project - 2
1. Elimination of hard copies sent to Intercompany Affiliates & reduced cost by 60% on courier charges
2. Automation of Canteen card posting & saving 2.5 hours manual work per day
Others - 2
1. Career Model framework for GSC Finance Department - Developed the career model to make sure that there is a clarity on competencies and skills required for each role in the hierarchy
2. SMART Data Mining Project for GSC Finance Department - Developed a tool to assist with the restructuring of KPIs based on the guidelines suggested by Novo Nordisk Standards.
Hired as an SME to take care the end to end processing for General Ledger and month end Balance sheet reporting with the help of SAS FM tool
Key Contributions
Streamlined the SAS FM Reporting and served as First point of contact for SAS FM & Bex reporting tool for India (2 months after joining)
Team Responsibility - Month End reporting, Reconciliations, Journals Administration
Involved in Process simplification initiatives in liaise with the Business Excellence team
Responsible to review and approve the SOPs prepared by team
Recruited as a Process Associate for General Ledger process for handling daily & monthly activities
Key Contributions
Became a Subject Matter Expert - handling a team of 4 Process Executives (8 months after joining)
Responsible for performing Reconciliation / Journal Correction / Monthly Payroll Accrual Calculations and posting for 700+ Business Locations
Ownership of 80 Complex & Non Complex locations for Books of Closing
Single handedly prepared the of SOPs & Process Maps
Preparation of Monthly Dashboard and sharing the same with customers through regular calls
Revaluation, Final Allocation and data submission to Global Data Warehouse during GL close.
Master Of Business Administration with specialization in Finance And Marketing
Bachelor In Commerce with Specialization in Advance Management And Financial Accounting