Group Finance Manager
KGT Group
Total des années d'expérience :14 years, 2 Mois
Position: Group Finance Manager Company: KGT Group
Period: Aug 2018 onwards Reporting to: Group CFO & CEO
Turnover: AED 1.5 Billion Team Size: 14 Members
Key Achievements:
• Delivered recommendations during restructuring and ensured optimum utilization of resources without compromising controls.
• Managed recoveries of insurance claims worth AED 1.2Million.
• Streamline process that reduced monthly financial closing to 7days.
• Vendor negotiation resulting in improved credit from 30 days to 75 days
• Implemented asset tracking for projects that improved profit by 10%.
KEY RESPONSIBILITIES
• Demonstrated ability to partner multi-functionally and contribute to cross-functional leadership teams ie., Sales, HR, IT, Logistics & Supply Chain.
• Strong commercial acumen and business partnering skills with the mind-set of a business co-pilot.
• Actively monitoring critical KPI’s of overall business and individual department with focus on resource optimization either through cost reduction, process improvement or automation.
• Leading regular meetings with department heads, highlighting risk & opportunities and challenging them on performance where-ever required.
• Managing long term/short term budgetary planning requirement, through detailed NPV/Payback studies with relevant analysis, to justify capital expenditure and to ensure that budgets are on target & reflect the strategic direction.
• Addressing working capital requirements through frequent monitoring of rolling cash flow forecast.
• Ensure financial accounts are closed as per group timeline with analysis & review on business performance by region, customer segments & product category.
• Assessing organizational performance & presenting financial information to stakeholders for effective decisions on operational activities & future investments.
• Developing an annual budget and performing periodic analysis to ensure compliance with the budgetary guidelines as well as to identify deviations and establish action plans.
• Strong in ERP systems with an understanding of the transaction, data flow, reporting.
• Ensuring maximum ERP usage across the entity, review and automate process where required.
• Ensuring SOP’s are being followed in the organization, any deviation to be reported to management.
• Ensuring perpetual inventory counts are conducted smoothly, proper procedures are followed, and stocks are adjusted periodically.
• Maintaining accuracy of product costing for each SKU.
• Approving purchase requisitions and ensure it is in-line with the budget.
• Review & approve accounts payables (local & foreign creditors and sub-contractors).
• Credit controlling through regular receivables management and ensuring timely collection.
• Maintaining strong relationships with Statutory Auditors, Insurance Brokers, Banker & Legal to ensure smooth business operations.
• Ensure reconciliation of inter-company accounts on monthly basis.
• Analyze GL on regular basis to ensure all transactions are performed in compliance with IFRS.
• Coach, mentor & develop finance team to maximize their effectiveness, accuracy and efficiency.
Reporting to : Director Finance Albatha Consumer Group.
Business Unit: Detergent Industrial & Trading LLC (DITRA).
Role & Responsibilities:
• Assessing organizational performance & presenting financial information to ensure all stakeholders understand current & projected performance to make effective decisions regarding operational activities & future investments.
• Developing annual budget and performing periodic analysis to ensure compliance with the budgetary guidelines, as well as to identify deviations and establish action plans to take corrective measures.
• Managing Business Unit’s overall operations which includes finance, revenue management, purchases, inventory, warehousing, logistics, payroll, fixed assets, banking, insurance and internal controls.
• Monitoring 12 months rolling Cashflow forecast and addressing the working capital requirement by liaising with bank and group treasury.
• Liaising with dept. heads and supporting them in day-to-day aspects to improve overall productivity
• Preparing & presenting reports/analysis (both regular and ad-hoc) as required by management.
• Reviewing, approving or support CAPEX & revenue expenses as per the authority matrix.
• Manage and control the administrative processes necessary to maintain the smooth legal functioning of the business, adhering to relevant legislation in each country of operation.
• Monitoring fixed asset, depreciation schedules, asset utilizations and WIP.
• Reviewing contracts and agreements to fully understand the financial implications to the Business Unit.
• Coordinating with the related parties to ensure information flow is timely and accurate.
• Credit control, Receivables management, Risk assessment, Banking, Insurance & Audit issues.
Major Achievements:
• Developed and implemented functional strategies & operational plans resulting in annual savings of 1.3M.
• Streamline process and delivered recommendations which scaled up revenue by 40%.
Reporting to : Dy. Group Director Finance, Albatha Group.
Business Units : GECO Air-conditioning Gases LLC & GECO Industrial Packing LLC
Role & Responsibilities:
• Analysis & review of business performance on monthly basis by profit center, segments, area-wise to identify the deviation from budgets and suggest measures for improvements.
• Review monthly management accounts & reports and comparison with budget and commentary on the performance.
• Working capital management and preparation of 12 months rolling cash flow forecast.
• Coordinate, summarise and prepare financial budget for the companies with guidelines from the Group.
• Ensure timely completion and submission of monthly, quarterly and annual financial statements.
• Managing all financial transactions, reporting and policies including general ledger account transactions and reconciliations prepared by accounting staff.
• Providing effective input to the GM Finance in the financial analysis of all major investments decisions.
• Actively participating in the annual audit process to ensure quality information is provided in a timely manner and the audit is finalized effectively and efficiently.
• Managing group HO queries and ad-hoc reports with proper analysis.
• Liaising with Banks/Group Treasury/Internal & External Auditors.
• Financial Controller for Purchase, Warehouse & Logistic operations.
Major Achievements:
• Developed functional strategies and operational plans which resulted in 50% growth in overall revenues.
• Reduced monthly financial closing cycle time by 5 days.
Reporting to : General Manager Finance of Albatha Engineering Group.
Business Units : Tecon Limited, Geco Engineering, Geco Chemicals Oil & Gas and Geco Air-conditioning Gases.
Role & Responsibilities:
• Coordinate preparation of month-end, quarter-end & year-end financial statements to ensure effective reporting of the financial position & organizational performance of the business units.
• Assist GM Finance in preparation of annual budgets.
• Producing accurate and timely financial information as required by management.
• Support GM Finance in preparation of policies & procedures for accounts department.
• Assist GM Finance in resolving group HO queries and ad-hoc reports with proper analysis.
• Coach, mentor & develop the finance team to maximise their effectiveness, accuracy and efficiency
• Coordinate all internal & external audit activities to ensure adequate internal financial controls are being implemented through effective financial policies & procedures.
• Analyze GL on regular basis to ensure all transactions are performed in compliance with International Financial Reporting System (IFRS).
• Managing group companies accounts reconsiliation.
• Ensure maximum utilization of ERP system (SAP R3 & BI analysis tools) across the BU to for financial reporting and analysis.
Major Achievements:
• Efficiently handled various incidents of insurance claims resulting in recoveries of AED 1 Million.
• Independently controlled a project of AED 100 Million in terms of accounting, revenue recognition and costing.
• Effectively furnished support to Tecon limited in winning the Sharjah Economic Excellence Award.
Engaged in conceptualizing, designing & developing ERP solution to customer after understanding their business requirements
Role:
• Sustained quality in work and accomplishment of object within the optimum timeframe
• Handled the internal / statutory audit & tax audit reports and managed replies for the same
• Took part in audit committee meetings and suggested appropriate measures for any qualification in reports
• Oversaw the assessment of records as applicable under Tax Law for respective companies
• Developed the audit programs in consultation with clients
• Performed the analysis of draft financial statements including notes to accounts
• Involved in handling vouching & verification of purchase, sales, cash & bank book and journal
• Supervised the physical stock take in accordance with accounting standards
• Engaged in verifying the applicable statutory registers
• Created the statutory audit reports and maintained compliance with schedule VI of the Companies Act 1956
Major Assignments:
• Internal Audit for:
o Nagarjuna Construction Company (NCC) Infrastructure Limited in purchase and inventory
o Avineon India Private Limited for specific HR tasks
Business Analysis Strategic Planning & Analysis Budgeting & Forecasting Working Capital management Investment Evaluation Performance Management Risk Assessment Financial Reporting (MIS) Audits & Internal controls Rolling Cashflow Forecast Process improvements
Budgeting & Forecasting Working Capital management Investment Evaluation Performance Management Risk Assessment Financial Reporting (MIS) Audits & Internal controls Tax Compliance Rolling Cashflow Forecast Process improvements
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