Finance Manager
CPVEN, Kuwait (JV with Action Group Holding / NESR Co.)
مجموع سنوات الخبرة :16 years, 10 أشهر
Job Profile:
• Closely reviewing company’s day-to-day financial operations to ensure the books are closed monthly before the deadline.
• Preparation and presentation of Monthly, Quarterly, and annual Management reports, including Revenue Reports, profitability statements (P&L) with commentary for variances, AR / AP Reports and Balance Sheet Reconciliation according to a set timeline.
• Monitoring monthly ROFO / Annual Budget based upon organization goals and planned targets of production/service in the guidance of each segment wise ops. Managers.
• Working closely with each and everything related to Cash Management of the company like Collections and disbursement of cash/funds. Preparing Cash Forecast / Cash Flow requirements prior to cash inflow or outflow.
• Meeting KOC (our client) representatives on a regular basis to reduce Days Sales Outstanding (DSO), improve Cash Flow, and resolve any disputes.
• Directly supervises employees and manages finance team to complete assigned accounting tasks within deadline.
• Involved in Migration of ERP from Oracle to SAP S/4 HANA in January 2022 successfully.
• Collaborates with Internal / External Auditors to ensure yearly Financial and Tax Filing and Tax Audits are completed in a timely manner.
• Monthly / Quarterly / Annually SOX Controls over financial reporting (Manual and Automated controls).
• Actively negotiating with the Suppliers / 3rd party on Payment terms. Reviewing and processing the payments according to the payment terms negotiated.
• Dealing with the bank officials for day-to-day requirements related to the bank transactions including LC/LG/Performance Bonds/Bank loans etc.
• Maintains an accurate filing and record keeping system for all financial statements and company documents.
• Seeking methods for minimizing financial risk to the company and providing solutions on risk management.
• In addition to my Finance Responsibilities, I have taken on responsibility of managing the Supply Chain and Store Departments as well for a one and half year term on a temporary basis. And successfully handed over this task with appreciation from top management.
• Presenting financial reports to Corporate General Manager / Corporate Controller / Group CFO, senior executives in formal meetings.
• Providing insightful information and expectations to Controller / General Manager & Group CFO to aid in long-term and short-term decision making.
• Complying with accounting/financial policies and regulations and established practice as per International Financial Reporting Standards (IFRS).
• Using Accounting ERP - ORACLE Application.
Job Profile:
• Constantly monitoring and maintaining the books of accounts (GL, AP, AR and other sub ledgers) accurately.
• Providing support, service and advise on all financial matters to the company‘s management, i.e. budgets preparation, and presentation, management accounting, MIS and all other financial and non financial reports and statements.
• Forecasting foreign exchange requirements, communicating to HO Finance and advising if any change as and when necessary.
• Preparing and providing the detailed monthly financial reports - Profit and Loss account, Balance sheet, Cash Flow including analyzing & reporting of variances to local management.
• Preparing reconciliations of Bank Accounts, Accounts payable and Accounts receivable periodically and reporting if any discrepancies found.
Ensuring timely closing of Accounts and passing necessary memorandum entries ensuring finalization of accounts and Liaoning with Internal Auditors.
Coordinating & preparing the documents necessary to the year-end audit with the External Auditors & Quarterly Audit with Internal Auditors.
Handling the Accounts Receivables & Accounts Payable and Issuing monthly Statement of Accounts to Customers & preparing ageing schedule of Sundry Creditors & Debtors.
Tracking on expenses and revenues vs. budgets on a monthly basis and reforecast.
Preparing Fixed Assets report by showing Net book value on monthly basis after deducting the depreciation on Strait Line Method and preparing monthly CAPEX report to management.
Providing assistance in spreadsheet reports & presentations.
Making supplier payments on time, accounting the invoices and Reconciling Vendor balances and creating monthly accrual & reviewing supplier agreements.
Coordinating and preparing the monthly, quarterly and annual budgets, long term financial forecasts.
Preparing & Submitting the MIS reports to management and Analysis with proper highlights.
Reviewing vendor activity to ensure all monthly invoices have been received and processed.
Submitting daily wise & monthly wise Sales Report for Management.
Intercompany Reconciliation & Stock Reconciliation on a monthly basis.
Stock Controlling & Preparing the Standard Costing for manufactured products.
Verifying the Petty cash and passing all Journal Voucher entries.
Monitoring the Filing & day today Book maintenance.
Using Accounting Software: - SAP .
Job Profile:
• Handling Kuwait, UAE & Bahrain Countries in Cash Management team.
• Processing Suppliers payment on time as per bank value date given by treasury team & preparing payments through Cheque, Online payment, Telex Transfer etc…
• Monthly Reconciliation of all banks (Kuwait, UAE, Morocco, Qatar, Jordan, Egypt etc…)
• Reconciling each suppliers account based on Statement of Account submitted by them.
• Passing all type of necessary Journal entries, bank entries & expenses entries with proper cost center.
• Dealing with suppliers regarding the payments status.
• Monitoring & following up action points recommended by internal audit department, and ensure the timelines are met.
• Checking all the employee settlement prepared by HR department.
• Monitoring monthly passing of all the entries for expenses & payments.
• Reconciliation of payments to related parties & from inter company.
• Ensuring that company policies & procedures regarding financial transactions are followed.
• Sending GIS to Inter company ( Other Country ) through oracle to process the payment.
• Preparing cash flow and getting the financing activities figures from treasury.
• Dealing with suppliers regarding the payments status.
• Preparing monthly Pre-forecast & actual payment sheet with different type of supplier’s category like local supplier Service, local supplier merchandiser, Rent, CAPEX, Clearing payments etc…
• Preparing MIS reports for departments.
• Reconciling inter-company accounts on a periodical basis reporting if any discrepancies found.
• Preparing and maintaining fixed asset register.
• Reconciling the Creditors statement of accounts to ensure all parables invoices taken into in our account accordingly.
• Preparing CAPEX payment forecast and sending to treasury for payment advice.
• Sending weekly payment forecast to treasury to arrange the fund and to get bank value date.
• Importing and validating the staff payment (Leave Salary, Maternity Leave, Relocation, Final Settlement ) as per payment advice given by payroll.
• Using Accounting Software: - ORACLE.
Job Profile:
• Constantly monitoring and maintaining the books of accounts (GL, AP, AR and other sub ledgers) accurately.
• Providing support, service and advise on all financial matters to the company‘s management, i.e. budgets preparation, and presentation, management accounting, MIS and all other financial and non financial reports and statements.
• Forecast of foreign exchange requirements, communicating to HO Finance and advising if any change as and when necessary.
• Preparing and providing the detailed monthly financial reports - Profit and Loss account, Balance sheet, Cash Flow including analyzing & reporting of variances to local management.
• Preparing reconciliations of Bank Accounts, Accounts payable and Accounts receivable periodically and reporting if any discrepancies found.
• Ensuring timely closing of Accounts and passing necessary memorandum entries ensuring finalization of accounts and Liaoning with Internal Auditors.
• Coordinating & preparing the documents necessary to the year-end audit with the External Auditors & Quarterly Audit with Internal Auditors.
• Handling the Accounts Receivables & Accounts Payable and Issuing monthly Statement of Accounts to Customers & preparing ageing schedule of Sundry Creditors & Debtors.
• Tracking on expenses and revenues vs. budgets on a monthly basis and reforecast.
• Preparing Fixed Assets report by showing Net book value on monthly basis after deducting the depreciation on Strait Line Method and preparing monthly CAPEX report to management.
Providing assistance in spreadsheet reports & presentations.
• Making supplier payments on time, accounting the invoices and Reconciling Vendor balances and creating monthly accrual & reviewing supplier agreements.
• Coordinating and preparing the monthly, quarterly and annual budgets, long term financial forecasts.
• Preparing & Submitting the MIS reports to management and Analysis with proper highlights.
• Reviewing vendor activity to ensure all monthly invoices have been received and processed.
• Submitting daily wise & monthly wise Sales Report for Management.
• Intercompany Reconciliation & Stock Reconciliation on a monthly basis.
• Stock Controlling & Preparing the Standard Costing for manufactured products.
• Verifying the Petty cash and passing all Journal Voucher entries.
• Monitoring the Filing & day today Book maintenance.
Using Accounting Software: - SAP, FA & DMS.
Job Profile:
*Since February 2008 to November 2010 independently doing all accounting process up to finalization.
*Filing & day today Book maintenance.
*Preparation of Financial Report for management, Including Trial Balance, Profit & Loss A/c & Balance Sheet.
*Coordinating & preparing the documents necessary to the year-end audit with the external Auditors.
*Maintaining Bank Accounts, Bank overdraft.
*Payroll preparation, Stock Controlling & all Administrative Works.
*Issuing monthly Statement of Accounts to Customers.
*Full responsibility of incoming & outgoing cash management.
*Preparing and presenting periodical reports and Statements of Accounts.
*Doing daily update on General Ledger & maintaining of all Ledgers.
*Dealing with Banks and preparing periodical Bank Reconciliation Statements.
*Cash flow of the company (In-flow & Out-flow) & Depreciation on assets.
*Maintaining and Handling of Accounts Receivable’s and Accounts Payables.
*Dealing with clients through telephone calls.
*Handling the collection of cash and checks, depositing of cash and checks in the bank, and preparing related documents in computerized system.
*Issue of Quotations, Sales Invoices & Data entry of daily cash sales, credit sales & Purchases by using tally software.
*Maintaining all Bank loan accounts as per each installment with interest.
*All type of data entry works using tally version 5.4, Ms Office & Windows.
Job Profile :
Responsible for maintaining books of accounts and finalizing them through the computer i.e. through the Tally Package, Ms. Excel, Ms. Word …Responsibility of preparing yearly tax returns including finalization of accounts, Preparation of profit and loss account, Balance sheet and computation of total Income for all kinds of assesses viz. salaried, business, profession and companies and also filing them with the I.T. Department.
Bachelor of Commerce (B'Com ) from Mangalore Univeristy at India, Karnataka passed out in the year 2006.
Pre University ( PUC) Education Board, Bangalore / Pompei College, Aikala 2003
Secondary School Leaving Certificate ( SSLC) Secondary School Educational Board, Bangalore / Pompei High school, Aikala 2001