Finance Manager
Sosiya International DMCC
Total years of experience :13 years, 9 Months
• Overall financial management in multi-industry investment in the Trading, Real Estate, and FMCG manufacturing set up.
• Leader of the SAP Business One Implementation Steering Committee and engaged in SAP partner search, selection and implementation.
• Designing & implementing systems, policies & procedures to facilitate internal financial control, updating accounting, finance and management policies and procedures
• Advice management regarding accounting processes, findings, and financial performance through preparation and presentation of monthly and quarterly financial and management reports to specific deadlines.
• Preparing Annual Budget and forecasting trends, and monitoring budgets and comparing them with actual cost and revenues realized.
• Cash Flow Management - Monitor and interpret cash flows and predicting future trends
• Analyze change and devise a strategy accordingly by formulating strategic and long-term business plans and report on factors influencing business performance and advise on mechanisms that minimize financial risk.
• Conduct reviews and evaluations for cost-reduction opportunities.
• Liaise with auditors to ensure annual monitoring is carried out and final Financial Statements preparation.
• Keep abreast with changes in financial regulations and legislation especially with the VAT implementation in 2018 in all GCC countries and do an impact assessment on our investments.
• Relationship management - Maintaining a good relationship with the bank, insurance and government authorities to ensure compliance.
• Company fixed assets and Inventory Management.
• Intergroup, inter-branch and intercompany transactions and activities management.
• Coordinated all aspects of budget preparation, forecasts and business plans and continued monitoring and review of performance against them.
• Managed cash, receivables, payroll, financial reports, and budgets at University Management Board and departmental level
• Advice management regarding accounting processes, findings, and financial performance through preparation and presentation of monthly and quarterly financial and management reports.
• Played a key role in achievement and development of corporate capital assets development plans towards achieving our University Status in September 2014. Managed financial aspects and site contractors to achieve construction of an ultra-modern University Complex worth over US $6, 000, 000
• Reduced suppliers’ complaints by 25 percent by evaluating processes and implementing changes to improve cash inflow predictability and visibility, thus improving receivables management and payables scheduling.
• Improved credit terms from 30 days to 60 and 90 days by applying good negotiation skills and extensive local market knowledge. This has greatly improved cash flow planning as well maintain good supplier relationships
• Evaluated, developed and implemented finance department policies, procedures, and departmental operational work instructions to ensure compliance with ISO 9001:2008, international laws and regulatory standards during the ISO certification process.
• Established and managed operations, identification, and effective additions and modification of the ERP for Inventory, Purchases, accounting, payroll and fixed assets module.
• Preparation and co-ordination of annual statutory audits and liaison with both internal & external auditors
• Advice management through timely preparation and presentation of financial statements and monthly management accounts for improved decision making.
• Reduced parents’/guardians’ complaints by evaluating processes and parents’ needs and implementing changes to improve parents’ relationships, thus improving receivables management.
• Improved processes efficiency by ensure timely payment of suppliers and bills through an enhanced monitoring of the monthly payment schedules and paying special attention to financial position
• Proactively managed staff payroll process timely and accurately and responded to any queries and support on deductions and other staff payroll related issues
• Managed an effective and efficient staff and student medical scheme by ensuring clear engagement terms, timely payments and good relationships with the Insurance companies.
• Managed cash, receivables, payables, payroll, financial reports, and budgets
• Effectively managed procurement processes through maintaining an efficient process from requisition, LPOs, provision to user departments.
• Perform analytical review of audit documents
• Review client accounting and operating procedures and systems of internal control
• Preparing accurate financial statements and monthly management accounts
• Maintenance of cash and general ledgers using the Retailman Point of Sale and Quickbooks
• Responsible for Payroll processing, remittance of all statutory deductions, VAT filing returns and taxation
Master Of Business Administration Finance Option
SECOND CLASS UPPER DIVISION
Bachelor of Science In Applied Accounting