Finance & Accounting Manager
IT PEOPLE GULF
Total years of experience :9 years, 2 Months
•Responsible for all journals & final GL balances, month end balance sheet, P&L and control accounts.
•Preparation and continuous monitoring of budgets, forecasts & business plan and review of actual performance against them and reporting of variances to the management.
•Managing daily cash flows and implement agreed strategies.
•Preparation of MIS reports including cash flow statement, debtors reports, AR/AP planning.
•Oversee the monthly payroll for UAE, Qatar, Saudi, Bahrain and other countries for over 200 consultants.
•Oversee the process of Invoice generation and follow up on outstanding payments.
•Review and analyze sales, accruals, operating cost with the Head of Operations.
•Managing the local banking relationship with 5 Banks (RAK / FGB/ Mashreq/ Emirates NBD & CBD ).
•Coordinate and lead the annual audit process, liaise with external auditors and assess any changes necessary and implement these after approval from the management.
• Managed a team of 4 employees, who establish strong follow-up process for collection and enhance receivable management.
• Liaise with banks on letter of credit, TR, discounting and other transactions.
• Preparing & finalization of Monthly and Annual TB, P&L, BS.
• Analysis of variation in budget v/s actual profit and preparation of segment wise profitability statement.
• Analysis of working capital requirement like cash flow, forecasting and with bank for facilities.
• Coordinate with HR for recruitment / replacement, annual appraisal and personnel matters.
• Coordinate with stores and logistics for import, local purchase, export, local sales, receipts and logistics.
• Analysis of physical v/s book stock, non moving stock and report to the process owner/ management.
• Coordinate on a daily basis with Business Manager for reviewing sales activities planning and strategies.
• Handled Trade and Settlement, Transfer of Securities and
corporate actions.
• Liaising with RMs, Assistant Bankers, Investment Advisers,
Custodians, IT team and internal and external auditors of the Bank
• Cash and custody reconciliation.
• Monitoring Compliance and Risk reports and updating of Model
portfolio.
• System enhancement and process improvement.
• Trade settlement, corporate actions and transfer of securities.
• Cash reconciliation and custody reconciliation.
• Follow up of Contract note and custody statement.
• Funding or Cash management and Forecasting.
• Calculation of trailer fees and custody fees and allocating it to
respective P & L accounts.
• Daily pricing of securities from various source like Bloomberg,
Reuters and Issuer web sites.
• Daily monitoring reports on pricing, settlement, corporate action,
transfers, trailer fees.
• Trained staff to handle corporate action, transfers of securities,
trade and settlement.
Management Accounting and control system