Finance Manager
Abu Dhabi Marina Real Estate Investments PJSC
Total des années d'expérience :17 years, 3 Mois
My key Responsibilities Include:
Accounting and Reporting
• Manage accounting and finance functions and ensuring that all accounting and finance tasks executed by team are in compliance with reporting requirements
• Responsible for monthly, quarterly and annual financial closings, meeting reporting deadlines of the business unit and explaining variations to forecasts / budgets.
• Managing the organization’s monthly reporting process; ensure timely and accurate reporting of financial information to all stakeholders in compliance with reporting requirements.
• In conjunction with Finance Director, produce business plans, annual budgets and cash flow forecast for Group.
• Develop, implement and evaluate financial procedures and processes to facilitate effective decision making and the efficient use of financial resources.
• Ensure all statutory tax returns are produced and submitted in accordance with legislation.
• To liaise with external auditors and tax advisers regarding the statutory audit and other statutory returns (VAT).
• Liaison with Banks and other Financial Institutions for running finance and other financing facilities and its complete documentations according to the bank’s requirements.
• Assisting in business proposal for investment in properties.
• Verification of inter company transaction of all group companies.
• Verification and approval of monthly WPS.
Financial Analysis
• Collect, analyse and monitor financial and non financial data, accurately and in timely manner.
• Prepare management reports defining key indicators and metrics, and provide comprehensive variance analysis.
• Monitoring and interpreting cash flows and predicting future trends; analyzing change and advising accordingly.
My key Responsibilities Include:
Accounting and Reporting
• Prepare and finalize Profit & Loss account, Balance Sheet;
• Actively participate in budget discussion, prepare Annual Budget in consultation with Chief Accountant and present the same to Finance Director for review & approval;
• Maintain and monitor the maintenance of general and subsidiary ledgers, accounts receivable, accounts payable, bank accounts, revenue, depreciation, cost, property, and operating expenses;
• Preparation of highly accurate monthly quarterly and annual financial reporting packs in accordance with Applicable Financial Reporting Framework including Board Presentations;
• Monitor and update accounting policies and procedures in order to enhance the Internal Financial Controls;
• Maintain and monitor the fixed assets system, maintain system of accounts and keep records on all company transactions and assets;
• Review and control that appropriate project wise records has been kept for (PPC) Progress Payments Certificates and coordinate with Projects Department for release of vendor payments based on work completion certificates;
• Verify various intra and intercompany accounts to ensure that any gaps in transactions between the general ledger and subsidiary records are reconciled in an accurate and timely manner;
• Perform weekly bank reconciliation to ensure that any discrepancies are identified and resolved;
• Reconciliation and review of PDC with report from bank within stipulated timelines;
• Collaborate with internal and external auditors during their annual audits in order to provide any supporting information required and ensure that audit requirements are met.
Financial Analysis
• Present actual/budget reports for the higher management to update them on actual performance against KPI’s including income and expenditure analysis and budget vs. actual variance;
• Monthly management reporting including Revenue Analysis Report on monthly basis providing insight into Income Contribution by function and Business Unit, Return on Investment, Margin % and Asset Utilization;
• Prepare financial reports, charts, tables and other exhibits as requested;
• Conduct cash management analysis of funds on hands and in depositories;
• Analyze data to ensure proper accounting procedures have been followed.
My key Responsibilities Include:
Accounting and Reporting
• Prepare and analyse monthly, quarterly & yearly reports for the Group;
• Prepare monthly, quarterly & yearly consolidated financial statements of whole group in accordance with Applicable Financial Reporting Framework;
• Preparation of group cash flow reports, group forecasting, group budgeting reports. Preparation of Owner Association accounts on behalf of Owner Associations and issuance of service charges to unit owners and handle collection of service charges;
• Monthly property management reporting for Managed Properties including income and expenditure analysis and budget vs. actual variance;
• Review Intercompany reconciliation statements & bank reconciliation statements;
• Regularly review of debtors aging and follow-up with sales team to ensure Cash flow is maintained and monitor Cash-flow to ensure adequate bank balance at all times to avoid interest cost;
• Assist with Fixed Asset Register and Opex Reports;
• Supervising staff in preparing financial records, Journal entries, and reports for authorities;
• Handling treasury matters of company, dealing with banks in all company financial matters and advice on evaluation of financing option from banks;
• Supervising HR in salaries preparation and disbursements;
• Preparing projections and feasibilities for emerging business opportunities.
Financial Analysis
• Preparation of KPIs for Property Management and Brokerage Department and reporting on KPIs;
• Analysing financial statement of company and providing report on revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control;
• Analysis of budgeted vs. actual performance on monthly basis, establishing the root cause of variance and making recommendations for improvement to assist in decision making or other financial initiatives;
• Deep dive into cost estimates by component and analysis of actual costs, standard and not standard.
Engagement planning based on the understanding of the client’s business processes and assessment of business and risks, supervision of the engagement and finalization, including close liaison with client's management.
Developing and performing substantive and analytical procedures for audit so as to determine the reasonableness of the financial statements’ assertions;
Effective planning and co-ordination of projects to meet deadlines.
Liaising with, and developing good working relationships with the client to deliver engagement expectations and co-coordination with professionals in various fields like legal and IT experts.
Audit planning, supervision and review of statutory audits.
Reviewing compliance of legal and financial reporting framework.
On-the-job training and professional development of staff.
Evaluating internal control systems and risk management procedures, identifying weaknesses therein and making recommendations to management.
Handled various aspects of financial reporting, hedging, bank reconciliation, internal accounting controls, reviewing trial balance, review and preparation of financial statements, cash flow analysis, payroll, inventory control, and reviewing accounts receivable/payable journals.
CA Finalist