Finance Manager
Jouzy Consulting Engineers
Total years of experience :13 years, 2 Months
Notable Achievements:
Demonstrated highest standards of financial acumen, business objectivity and technical excellence and successfully formulated comprehensive tools and models powering operations as under:
-Project tracking mechanism resulting in improved
control for on-going projects
-Innovated a MIS reporting structure for improved
department wise tracking of financial performance
-Integrated a costing mechanism applied in
developing a competitive pricing strategy for new
projects
-Improved cash-flow position by active management of
receivables and credit facilities
Key Responsibilities:
Financial Management & Accounting:
Presenting leadership and operational direction to
baseline financial planning, budgeting, forecasting,
risk analysis and financial reporting functions while
maintaining requisite books of accounts as per IFRS
and GAAP.
Leading a 3 member team to ensure sound
financial management and control for all
operations; generating financial statements
including reports and models that exhibit overall
financial position of the organization.
Establishing high quality operations for payroll,
bank reconciliation, accruals, and prepayment
including month-end closing; exploring various
cost-saving opportunities to positively impact the
financial bottom line.
Managing and improving the cash-flows and
working capital cycle deploying financial
techniques/ models to advance profitability and
overall financial health of the organization.
Responsible for handling bank facilities -
moderating financial limits, resolving bank fee/
anomalies and presenting any document/
information required promptly to ensure hassle-
free transactions.
Administering Value Added Tax (VAT) operations
and advising management on its implications on
business while ensuring on-time filing and
registrations as per procedures laid down by the
authorities.
Executing periodic audits jointly with external
auditors and resolving any discrepancies/
compliance issues in order to in order to embed an
ethical and legally compliant business culture.
Project Administration:
Managing all aspects related to financial
administration for projects; establishing realistic
budgets and time-frames and certifying compliance
to baseline plans by developing strategies, models
and work procedures.
Tracking project performance in the light of cost,
budget and schedule requirements; instituting a
positive cash flow by expediting collections and
raising invoices for clients in consultation with
project managers.
Monitoring and preparing project cash-flows
statements; performing periodic cost reviews and
infusing a cost control system in order to
consistently maintain project profitability.
Computing forecast vs. actual analysis, highlighting
potential risks and recommending mitigation plans
to project manager/ engineers on regular basis to
ensure all project milestones are effectively met.
Notable Achievements:
• Instrumental in formulation of financial statements including finance strategies, budgets, annual rolling plans as well as presentation of vital financial data while fostering a results-focused environment with precise financial objectives to enhance business performance.
• Played a critical role in implementing an Epicor 9 an ERP system that advanced automation, efficiency & turnaround time of critical finance operations such as: Sales order management, Production management, Material management, Accounts Receivable & Payable, Currency/ Cash Management, General Ledger
• Piloted implementation of Epicor 9 for a subsidiary at Dammam - KSA, provided fundamental training for end users for effective & optimum utilization of installed system.
Key Responsibilities:
Financial Management:
• Steering all finance management, accounting activities along with budgeting & forecasting with an aim of enhancing current as well as future financial performance of the organization.
• Devising budgets & financial forecasts; identifying key indicative parameters, establishing trends, highlighting deviations from forecasts/ budgets (actual vs. budgeted) with requisite actions to management.
• Administering control & responsibility for all financial aspects of the organization’s strategy, analyzing facts/ figures to compute financial projections as well as determine valuation under various circumstances.
• Analyzing key driving factors of business such as product mix, customers, projects, regions; analyzing variances extensively & suggesting strategies/ action plans to circumvent the same.
Accounting:
• Spearheading team of 3, involved in extracting financial information from business activities to prepare periodic financial statements, detailed schedules & narratives as per all accounting standards & principles.
• Maintaining a positive working capital cycle by updating & reconciling accounts with payment receipts (accounts receivable) & facilitating payments (accounts payable) after proper verification/ documentation.
• Overseeing factors critical for sound financial performance encompassing payroll, bank reconciliations, accruals, prepayments including other month-end closing procedures.
• Documenting movements of fixed assets in the system; analyzed & updated detailed schedule of fixed assets & accumulated depreciation thereof while ensuring their proper maintenance & safety at all times.
• Systematizing stock control & management by updating ad reconciling GL’s; conducting extensive analysis of WIP, slow moving stock & actual v/s standard production losses & updating seniors on regular basis.
• Generating reports encompassing weekly product wise costing of finished goods & raw material valuations while advising on optimum product mix for production to enhance production/ business efficiencies.
• Key person for ensuring best possible utilization of banking facilities; providing all financial document required by bank including financial forecasts for smooth accomplishment of any short-term extensions in the facilities.
Administrative:
• Executing periodic audits jointly with external auditors (big four) while emphasizing implementation of all audit recommendations to enhance the efficiency of all business policies/ processes.
• Applying IAS-40 & IAS-17 for managing rentals from warehouses, leasing & sub-lease agreements; regularly documenting & updating the same across various books of accounts maintained.
• Integral member of team involved in internal audits; identifying areas demanding improvement, initiating requisite actions & meticulously following-up to ascertain attainment of desired improvisations.
• Preparing analytical reports highlighting financial position/ performance in line with the set targets or budgets & clearly outlined financial risk/ benchmarks in addition to Crystal Reports & BAQ’s (Business Activity Queries) & presenting the same to senior management with corresponding action plans.
Key Responsibilities:
• Summarized fiscal information from business activities into relevant financial statements, reports along with respective narratives/ schedules and duly updated the same across various books of accounts maintained.
• Contributed significantly in maintaining an optimal cash flow by advancing collection strategies for accounts receivable and facilitating timely payments to ageing creditors.
• Actively involved in financial budgeting/ forecasting; applied various financial models/ techniques and developed strategies to maximize success of finance management initiatives.
• Explored various cost-saving opportunities and administered expense control initiatives to generate savings; prepared various financial reports and presented to senior management for tactical decision making.
• Offered integral support to business and ensured the financial domain of the organization is streamlined, efficient and complies with all regulatory requirements and generally expected internal controls.
Key Responsibilities:
• Involved in entire spectrum of audit life cycle from inception to completion; validated all financial operations, records and systems are accurate, efficient and adhere to all regulations and accounting standards.
• Examined all financial records, statements and procedures to verify accuracy, detect fraud and identify potential risks that warrant further investigations.
• Prepared precise audit reports with all observations attributed and substantiated along with recommendations for improvisation and risk compensation for senior management review.