Director
Panacea Medical And Wellness Centre
Total years of experience :36 years, 4 Months
Prepares financial business plans and submits them to the GM & CFO for discussion and recommendation to the CEO and the Board of Directors.
Ensures the implementation of all the financial contracts.
Financial Operational Responsibilities
Directing the preparation of financial reports that summarize and forecast the organization’s financial position such as income statements, balance sheets and analyses of future earnings and income
Coordinates and supervises all financial and accounting operations e.g. credit controls, capital expenditures, account receivable, payable, budgeting, sales, purchasing, costing, general expenses, etc.
Supervises and controls the preparation of all the financial and management reports and ensures their timeliness within the framework of the corporate established policies and procedures and in compliance with the top management requirements and to assist the GM & CFO by providing advice to support the decision-making process.
Monitors the granting of credit facilities to customers with a scope to identify the credit worthiness of customers prior to opening of accounts and sales transactions.
Develop and maintain supported by ERP cash Management; accounts payable; accounts receivable; credit control and Petty Cash.
Ensure that all statutory requirements of the organization are met including Tax.
Prepare all supporting information for the annual audit with the approved external auditor.
Monitors comparative budgeting reports and recommends corrective action as may be necessary, based on actual results achieved.
Ensuring compliance with financial legislation and standards
Assessing capital finance proposals and the financial status of operational projects
Delivering long range profit forecasts, budgeting and financial reporting
Determining, implementing, monitoring, reviewing and evaluating budgetary and accounting strategies, policies and plans in consultation with GM and CFO and in collaboration with all other Department Heads.
Ensures the efficient operation of the computerized financial applications and suggest necessary development / customization of the software, including training needs for handling their roles and responsibilities and managing the software.
Policy and Procedural Duties
Participates in the formulation of the financial policies and procedures.
Monitors the implementation of policies and procedures in an efficient manner to ensure cost effectiveness.
Provide clarification and advice on financial policies and procedures to be followed and monitors their execution.
Reviews the contracts prior to approbation to identify their financial impact on the Company’s operations.
Coordinating the development, implementation and monitoring of accounting systems
Cross Departmental Support
Coordinates with the HR and Administration Manager to ensure appropriate insurance coverage to cover all potential risks related to the Company’s assets.
Supporting Marketing Projects and Customer Marketing initiatives pre-& post execution.
Presentation of the budget to Avid Technology showing the ROI, KPI, P & L and Balance sheet for 5 years as Avid had to be our main and primary partner for us to start the business. We were successful in getting Avid as our main partner. The other partners who played a major role were WASP ( Beehive India), VIZRT, Digidesign.
We catered to all the TV stations in the UAE as well as Al Jazira & Bahrain TV, with our technology and expertise we had in the field of editing & post production.
Setting up the entire accounts with policies and procedures, and dealing with logistics.
Responsible for all the imports, and re-exports to the GCC and India.
Responsible for the admin, as well as payroll and the daily operations.
Review the quotations for all the tenders. Analyse if the project will be profitable, and take an active part in the preparation of the Tender. To plan on the funding for the project, as well as prepare cash flow for the same.
Established credit facilities with the bank.
Preparing a budget for each order/project, and allocating the direct expenses to the project to arrive at the GP.
Responsible for the P & L, Cash Flow, Balance Sheet, and audit.
Head Quarters
An US based fortune 500 MNC in 64 countries. Reporting to Huntsville, USA for the financials every month and to the European Head Quarters in Holland for the Mangement reports. Part of the team to implement a 72M $ project with STC ( Saudi Arabian Telecom Company) in partnership with Lucent Technologies and Rolta India.
Ensure that the financial reporting is done on time. Reporting on the variances with the prior month and quarter. Ensure that the Management reports are done by the 15th of every month to the Middle East Head Quarters as well as the European Head Quarters. This is an extensive report which shows the variances with the actual and forecast of the present month, and a full year forecast. The variances are explained for the revenues, GP, OPEX and the NP. This also includes the progress of the STC project which was done on a cost to complete method. Various other projects also followed this suit.
Responsible for all the Intercompany balances to be confirmed every month.
To ensure that all the eliminations are done in the Financial and Management reports as the entire GCC accounts were consolidated at the Middle East Head Quarters.
Responsible for Turkey Accounts.
Prepare the budget as per the guidelines from the European Head Quarters and Corporation, with the main focus on Head Count, which were to be justified every time. Present the proposed budgets for approval, and implement the same once approved. Answer all the queries on the budget to both EHQ and Corporation.
Responsible for the audit done by E&Y. Responsible for the internal audit and compliance, done by the EHQ team as well as Corporation.
Distrubitors of HP Computers and Medical & Analytical Equipment, Amersham & Gerberalley
Responsible for closing of the monthly accounts as well as the finalization for the year. Report the P & L and Balance sheet on a monthly basis. Prepare a Management report showing the variances as compared to the budgets. Giving a detailed report on the reasons for the variances.
Responsible for the Accounts payable and Accounts Receivable. Responsible for the payroll.
To ensure that the service department has renewed all the Maintenance agreements, and that the revenues are accounted proportionately pertaining to the particular year.
Was awarded Employee of the Year in the year 1992.