Chief accountant
Integrated Industries LLC
مجموع سنوات الخبرة :12 years, 1 أشهر
• Improve company's cash flow by managing large international accounts payables from China, Sri Lanka, and India and receivables from Oman and KSA.
• Standardise accounting and financial reporting by maintaining accounting systems and processes in line with IFRS and IAS.
• Analyse financial records and prepare accurate financial forecasts to determine and communicate new ventures' long-term viability and value to executive teams and business partners.
• Aid senior leadership in making informed financial decisions by analysing financial statements generated from Management Information System (MIS) and submitting final evaluation reports to executives.
• Determine adequacy of internal accounting and finance controls by planning and conducting regular company audits.
• Ensure compliance with VAT and economic substance regulations to avoid legal complexities and protect the company's reputation within the wider market.
• Determine the company's financial health by analysing various financial statements, including balance sheets, revenue and expense report, and cash flow statements.
• Conduct due diligence to extract insights aimed at fostering conscious business/investment decisions at the executive level.
• Drive compliance, operational efficiency, and expansion targets by revamping business procedures, policies, and systems.
• Devise strategic financial plans in liaison with the business support team to project long-term growth and determine the impacting business factors.
• Ensure optimal utilisation of business resources by developing, tracking, and managing an annual budget of 200 million AED.
• Formulate a diverse range of management reports, including QBR.
• Identify and capitalise financial performance improvement opportunities by comparing budgeted results against actual outcomes, identifying performance deviations, and implementing corrective measures.
• Detect and resolve accounting errors as well as prevented fraud by executing bank reconciliation weekly.
• Steer end-to-end accounting and finance operations from reporting, internal controls, taxation, treasury, and cash flow.
• Ensure submission and timely processing of tax returns by reviewing documents to ensure compliance with local tax regulations.
• Secure favourable credit, payment, and discount terms with customers and vendors by leading aggressive negotiations.
• Allocated Finance, IT, Government, and legal department costs to subsidiaries to monitor and control expenses.
• Prepared cash flow statements for bank and asset management companies on a weekly basis to verify cash flow and validate profitability and liquidity position.
• Ascertained timely and accurate processing and payroll disbursement to employees via WPS and Direct Transfer in coordination with the GCE HR team.
• Maintained fixed asset register to record and maintain both financial and non-financial information pertaining to fixed assets.
• Kept company's reputation intact by ensuring timely vendor payment processing using Oracle workflow while coordinating with real estate portfolio managers.
• Spearheaded the performance of 4 direct reports to manage overall accounts payable activities, book vendor invoices, create book reports and maintain accurate files.
• Majorly contributed to the successful establishment of a new company, "Unison Capital investment, " by assessing long-term risks, costs, and future cash flows through due diligence.
• Provided oversight to a team of 5 accountants on performing day-to-day and month-end accounting activities.
• Ensured timely and accurate recording of revenues, commissions, and expenses in relevant registers by analysing data.
• Managed a full range of AP and AR functions, including preparing AR aging reports, formulating collection statements, and processing AP transactions in line with management instructions.
• Identified and eliminated posting errors by reviewing sales and purchase invoices, banking and cash transactions, accruals, and provisions.
• Ensured timely processing and disbursement of payroll of ~100 employees in coordination with the HR department.
• Improved accuracy of enterprise-wide planning, budgeting, and forecasting processes by integrating Hyperion with Sage 300
• Ensured accuracy and validation of financial information related to corporate and wholesales through reconciliations.
• Automated accounts payable system by implementing a 3-way matching process designed to prevent incorrect and fraudulent invoices or payments.
• Differentiated and recorded CapEX and revenue expenses by executing detailed audits of historical accounting records.
• Maintained Purchase Register (Annex-A) on a monthly basis
