Finance Specialist
Government Of Sharjah
Total years of experience :18 years, 2 Months
• Preparing yearly budget for the entity and subsidiaries including budget of new Projects outside the country.
• Providing advice and guidance to the entity in all Finance operations functions - Payables, Receivables, budget, contracts, etc.
• Reviewing financial records, contracts, and other documentation to determine accuracy and completeness of data through Sage X3 System.
• Preparing Analyzing financial data, Conducting cost and benchmarking analyses.
• Prepare Ad-hoc finance reports and budget reports., Cash Flows, Funds, Treasury.
• Participate in regular audits and recommend corrective financial action plans.
• Accounting of day-to-day bank transactions Allocation of Monthly Costs and Overheads to business units.
• Improve and implement Finance policies & procedure.
• Directing & controlling financial costs to maximize profitability; raising funds for projects/working capital by arranging short- & long-term projects.
• Facilitating budget planning process with emphasis on providing reliability, reducing costs, gross margins.
• Conduct integrated operational and compliance audits in embassies.
• Preparing & Forecasting initial budget for New Embassies with cooperation with Executive Departments.
• Monthly review and checking of financial recordings and closing for executive departments before preparing
KPI’s report.
• Designing & implementing systems, policies & procedures to facilitate internal controls.
• Audit, review and approve 3 years’ cash flow plan for executive department for their projects.
• Reviewing and auditing all payments, revenues, purchases, fixed assets, depreciation, and accounting documents such as exchange vouchers, checks, invoices.
• Analyzing and guiding overall budget activity; creating periodic budget and financial reports by assessing financial statement as per IPSAS.
• Presenting financial performance of the company to top management for decision-making.
• Controlling and analyzing reports to assess the expenditure of the projects.
• Collaborating with the senior management in improving & executing strategies & processes in the areas of financial & accounting services and accomplishing corporate goals for the Ministry; conducting forecast vs actuals variance analysis & line item wise expenditure analysis within the budget.
• Managing financial performance and supporting financial reporting and compliance activities.
• Mentoring & monitoring the performance of team members to ensure efficiency in process.
• Reviewing, analyzing & approving manpower plan for the whole year before uploading to Hyperion System.
• Preparing accounting entries, exchange vouchers, and daily entry vouchers, and entering them into the relevant accounts in Oracle system.
• Review suppliers' invoices, ensure that they conform to purchase orders and receipt authorizations before preparing payments, ensure that invoices are mathematically correct, check evidence supporting disbursement, and ensure their compliance with laws and regulations.
• Managed Income E-Gate Project over all UAE (Receivables) Full Operation Border Exit ticket (E-Dirham) Project over all UAE
• Recognized with various rewards/recognition for financial reports.
• Audit & reconcile transactions & performance of FAZAA Group of companies on monthly basis.
• Managed all day-to-day accounting functions within the organization, formulated financial statements and analyzed the veracity of transactions recorded across various books of accounts maintained.
• Review the FAZAA group of company’s risk plan, challenges on their financial statement and draft an internal
Report as per IFRS principles.
• Coordinated with Treasury, Accounts Payable and Account Receivable department, advise them related to VAT queries and resolve VAT issues.
• Directed, and reviewed the work of the accounting staff (including, but not limited to, cash reconciliations, check runs, accounts receivable transactions, fixed asset activity, depreciation, payroll, accounts payable transactions, debt activity, recording of revenue and expense)
• Liaised with Federal Tax Authority and resolve VAT issues; engaged in financial analysis of various project and advising the management for selection of vendor for projects
• Created monthly management reports and accompanied schedules, worksheets/narratives, including budget variance reports.
• Developed sales team for branch that enhanced the sales goals by 20% in first quarter
• Authorized advances to restrict bad debts and sanctioned extended credit facility within specified areas
• Implemented and enforced banking policies and procedures to improve overall operational effectiveness of the assigned branch
• Updated processes and procedures so that all service levels are met with regard to range of products, proactively managed problems
• Enhanced branch performance by establishing goals and objectives that are specific, measurable and provided sophisticated summary reports to the top management
• Assessed financial reports, facilitated internal audits and ensured compliance with prudential/regulatory standards
• Assessed the financial statements presented by applicants to formulate proposals, determined client's creditworthiness and processed credit applications
• Estimated permissible credit for customers to facilitate sanctioning of the same and managed post examination of all related documentation
• Analyzed financial information obtained from clients to determine strategies for meeting clients' financial objectives. Advised clients on loans that best match their interest and financial status
• Reconciled customer accounts on a periodic basis, notified customers with delinquent accounts and attempted to secure payment; scrutinized daily bank balance to supervise collections and assure achievement of targets
Key Responsibilities:
• Handled night shift closing accounts through micros system and entered data into the daily report. Reconciled daily activity and closed all accounts in preparation for the new day.
• Delivered exceptional customer service and proactively developed customer relations by soliciting feedback and addressing/ resolving customer complaints..
• Directing overall night shift operations of the department and providing training of new night auditors.
• Ascertained that high standards of guest satisfaction are achieved, in line with hotel standards.
• Maintained time sheets for several staff night shifters and kept track of equipment inventory.
Previous Professional Experiences:
Oct '01 - Oct '02: Assistant Accountant, El Farouk Construction
Jun '01 - Sept '01: Assistant Accountant, Woody Oriental Construction
Other Trainings and Certifications: • Oracle General Ledger Managment - ORACLE university • Attending CIMA Diploma in Performance Management - PwC