Group and Finance Manager
Dawar Group
Total years of experience :20 years, 1 Months
Business Management
Oversee day-to-day operations.
Design strategy and set goals for growth.
Maintain budgets and optimize expenses.
Set policies and processes.
Ensure employees work productively and develop professionally.
Oversee recruitment and training of new employees.
Evaluate and improve operations and financial performance.
Direct the employee assessment process.
Prepare regular reports for upper management.
Ensure staff follow health and safety regulations.
Provide solutions to issues (e.g., profit decline, employee conflicts, loss of business to competitors)
Financial Oversight
Consolidated financial statements and management reports of 07 businesses and shared them with the Board of Directors monthly.
Conducted horizontal, vertical and ratio analysis of financial statements; made viable recommendations to the management to support swift business growth and enhancement of organizational capabilities.
Collaborated with the Heads of different businesses to prepare annual budgets for each business and the group; compared budgeted figures with actual figures to evaluate business wise performance.
Reviewed existing controls and implemented new policies and procedures to promote a culture of continuous improvement to enhance the competitiveness of the company.
Interim financial statements for bank (HSBC, Mashreq, FAB, CBD & SIB Bank) and renewal of bank facilities
Adept at using Mashreq Bank’s Online System (Mashreq Matrix) HSBC, FAB, CBD &SIB for transactions linked with LC, invoice factoring, check discounting and bid bond.
Liaison with banks for project-based facilities and arrangement of project cash flow reports for banks
Product costing, pricing at group level, bank facility management according to availability and inventory level
Rescheduling and restructuring of loan and facilities
Treasury Management
Kept track of cash inflows/outflows to assure that the business did not suffer from liquidity crunch.
Reduced the Cash Conversion Cycle by 07 days by delaying payments to Creditors and pushing Debtors for early payments.
Accounting Operations
Assured that monthly closing of 07 businesses is conducted in the correct manner inclusive of inter-company reconciliations, journal entries, accruals, and prepayments to prevent unnecessary objection by the Auditors.
Analyzed all processes associated with the creation and payment of Accounts Payables; rectified anomalies to assure smooth flow of operations.
Authenticated payments linked with payroll, local & foreign suppliers, advances, opening of LC and cash against documents after assuring that all checks and balances have been carried out as per company policy.
Assured 100% accuracy in all steps of financial accounting starting from transaction analysis till closing of accounts.
Maintained cordial relations with bankers to facilitate LC, TR, Factoring and Cheque Discounting
Worked closely alongside the external auditor to ensure adherence to internal controls; identified areas of discrepancy, provided recommendations for resolution, and produced audit report.
Accelerated receivables to ensure attentive cash flow management; spearheaded accounts payable managed, assessed forecasts and cash requirements to match business's risk tolerance levels.
Supervision and training of accounting staff, conducting meetings with sales manager, division managers and accounting supervisors for discussing different financial aspects of group.
Industry: Trading & service (Medical Equipment’s and disposable, FMCG, Outdoor and camping, Pharmacy, Duct cleaning Service, building maintenance, Properties)
Preparation and discussion of Proposals
Meeting with donors and presentation of projects requirements and benefits
Preparation and presentation of Projected Financial statements
Cash flow & working capital management
Internal Audit & external Audit arrangement
Making budgets and variance analysis
Preparation & Analysis of financial statements
Supporting sub-ordinates and controlling of finance & accounting departments
Dealing with banks and fund arrangements
Development of financial and accounting policies
Preparation & Analysis of Financial Statements (Finalization of accounts).
Weakly Reports (Sales Report, Production Report, LC Report).
Production reports and variance analysis
MIS Reports (sales comparison, performance report, production comparison etc)
Preparing Costing Sheet for Projects.
Preparation of Budget and variance analysis
Preparing Reconciliation (Bank, Accounts Receivable, and Account Payable).
Checking Monthly Payroll.
Checking Goods Receipt Notes (GRN) & Goods Issue Notes (GIN).
Monthly Stock Taking of Inventory.
Daily Report to Manager about Accounts Department’s activities.
Preparation of LC and related documents and arrangement with banks for fund.
Communication with Customers & Supplier within and outside the country
Preparation of Exhibition documents and other requirements of exhibition
Consolidation of various Projects Accounts
Audit of various organization Including Private, Public, Gov, t and NGOs
Preparation & Analysis of Financial Statements
Preparing Projected Accounts for different clients
Preparing Feasibility Study for various projects
Preparing Budgets for various organization
Maintaining Tax Records Including Income Tax, Sales Tax and Custom Duty
Attending AGM, giving suggestion and recommendation on financial areas.
Reports to Management and board of Directors.
GPA B
GPA 4 4TH POSTION
